Getting into BTC. | Bitcointalksearch.org

Biodom

legendary

Activity: 3808

Merit: 4078

Quote from: Bushhy on September 27, 2014, 09:41:59 PM

So i recently ran into $300 on Amazon, and have been looking at some BITMAIN ANTMINER U2 2Gh/s USB Bitcoin ASIC Miners. They are like $25 ea, and i dont know if it would be worth it to get like 7 or 8, and start mining? Or am i better getting some hashlets?

Hopefully you all can point me in the right direction! Thanks

You can buy a mildly used antminer S3 on ebay for ~$300. You will not make much money on it (perhaps, it will produce~0.5BTC), but it is fun to set it up and watch how it mines. It is not very loud and you will save money on heating during winter months as the output is heat+bitcoins. You will be able resell it 2-3 mo later for $100-150.

just buying BTC is boring and teach you nothing.

beaknuke

sr. member

Activity: 412

Merit: 250

Review Zencloud/Gawminers before u make any big decisions.

Blazed

legendary

Activity: 2128

Merit: 1119

Maybe buy a "for fun" miner from someone like Rock Miner. They have a few low cost models that you could run just to mine a little bit, but you will not make profit with them. Even with free power finding a used miner that turns a profit is tough these days.

Meech

hero member

Activity: 924

Merit: 1000

If you're looking for a great hobby and a huge community resource then mining is worth it. But as said, profit, as always means huge amounts of hash power or at least efficient miners. Cloud hashing is only profitable in the same way, huge amounts but takes away from the home hobby of tinkering and managing your own pools. Strongly suggest just buying some btc now while it's low.

Blazed

legendary

Activity: 2128

Merit: 1119

Just use that money to buy Bitcoins and HODL. Mining will not make you positive ROI.

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

StickMiners :: Some rants about Financial ROI
USB stick mining rigs - how long will it take to mine a Bitcoin?
tl;dr: it is highly unlikely that you'll ever make back your money from the Antminer U2s.

I can't comment on the hashlets - do a search, though, I'm sure there's plenty of discussion on whether they're worth the bother.

Bushhy

newbie

Activity: 1

Merit: 0

So i recently ran into $300 on Amazon, and have been looking at some BITMAIN ANTMINER U2 2Gh/s USB Bitcoin ASIC Miners. They are like $25 ea, and i dont know if it would be worth it to get like 7 or 8, and start mining? Or am i better getting some hashlets?

Hopefully you all can point me in the right direction! Thanks

Topic: Getting into BTC. (Read 1337 times)