Got $200-300 to spend on mining hardware

fattypig

full member

Activity: 224

Merit: 100

Quote from: ?? on ??

Can you tell me more about this?
If I invest 2000$ dollars how much bitcoin I could mine in 1 year?

Thanks in advice

1) For GPU, mining scrypt is 5-6 times more profitable compare to Bitcoin.

2) If you really want Bitcoin so badly, you can always mine scrypt (i.e. litecoin, feathercoin) and then convert them to bitcoin using Btc-e.

3) If you don't want the hassle, you can point your miner to middlecoin.com. Middlecoin help you to choose the most profitable alt-currency at the point of time and then auto convert all of them to Bitcoin with a small fee (3%).

4) HD 7950 and 7970 are both good for GPU mining, as an alternative, you can wait for the new GPU Radeon R9 290x which is coming out next week.

Hope that helps

termhn

full member

Activity: 126

Merit: 100

Quote from: cp1 on October 07, 2013, 02:41:40 PM

Buy bitcoins and use ~ 0.12 BTC to buy a block eruptor, just to get the experience. Hold the rest.

Yeah, honestly I think this would be a good way to go these days.

fattypig

full member

Activity: 224

Merit: 100

cex.io is currently priced at 0.219 GH/S, I would say not a good price too as bitcoin difficulty just rise about 30% few days ago. Buy bitcoin and keep

mnsch

newbie

Activity: 31

Merit: 0

If you insist to mine, try https://cex.io/ with a small amount of btc
Forget buying any hardware yourself
Start trading a little to get used to it
FInd a secure place for your wallet

poelling92

legendary

Activity: 994

Merit: 1002

With free electricity and your budget, GPU is best choice. You can make the 7970 return the investment in about one year - it means you will have free 7970

Samir_H

member

Activity: 83

Merit: 10

If you dig alt-coins with gpu in your pc when you are at work or sleeping you can make something in couple months and end up with gpu at lower price, especially if you don't pay electricity. But thinking about ROI or making money is not realistic.

monbux

legendary

Activity: 1736

Merit: 1029

I'd suggest you mine alt-coin, I know that there was a mining profitablilty calculator there somewhere, comparing alt coins to bitcoins. Diamond was like 300%+ more profitable. Anyways, even if you do have electricity, it would take a long time for your ROI to reach, if it even does.

fattypig

full member

Activity: 224

Merit: 100

Use the online bitcoin calculator with step up difficulty to get your ROI, most likely it is negative. So just buy Bitcoin and keep

yayayo

legendary

Activity: 1806

Merit: 1024

Quote from: cp1 on October 07, 2013, 02:41:40 PM

Buy bitcoins and use ~ 0.12 BTC to buy a block eruptor, just to get the experience. Hold the rest.

Most reasonable advice. If you want to mine do it for the fun... but do not expect huge profits from it (needs much larger investment).

Do not forget to participate in the bitcoin economy by offering goods and services. This is fun, too.

ya.ya.yo!

pontiacg5

sr. member

Activity: 364

Merit: 250

Or you could do some of your own research and figure it out for yourself instead of trusting your money and investments to random strangers on the internet.

Or whatever, maybe I'm just old fashioned Roll Eyes

desired_username

hero member

Activity: 886

Merit: 1013

Buy bitcoin instead.

If you want to take part in mining as a passion, get a Block erupter USB for around 10-30$.

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

Quote from: ?? on ??

Can you tell me more about this?
If I invest 2000$ dollars how much bitcoin I could mine in 1 year?

Thanks in advice

About $500 worth

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

Buy bitcoins and use ~ 0.12 BTC to buy a block eruptor, just to get the experience. Hold the rest.

Samir_H

member

Activity: 83

Merit: 10

Quote from: orcanice on October 07, 2013, 02:05:37 PM

Which GPUS will be best for that.. but im also looking into bitcoin mining.. i my problem is i dont know what hardware to buy.

For 300$ you can get only one Radeon 7970.
I'm not sure it's worth buying it but you say you want to try mining so it's up to you.

orcanice

full member

Activity: 194

Merit: 100

the 13gh/s blades is way more than my $300 limit.

MerchantMiner

newbie

Activity: 56

Merit: 0

Quote from: orcanice on October 07, 2013, 11:54:26 AM

What should i buy? or should i do something else?

buy $300 in bitcoins dont mine them , or a 13Ghash Blade?

orcanice

full member

Activity: 194

Merit: 100

Which GPUS will be best for that.. but im also looking into bitcoin mining.. i my problem is i dont know what hardware to buy.

MoneyMorpheus

sr. member

Activity: 251

Merit: 250

Quote from: orcanice on October 07, 2013, 01:48:13 PM

well i have free electricity.

i wanna try it out to see what it is.. i now i never will earn the $300 back. thats why i did set it as a limit.

If you have free electricity you should mine altcoins with gpus, roi should be somewhere around 200-360 days for just the gpus (if exchange rates remain static)(not considering motherboards / ram / hd / processor / psu or electricity costs) And if you get tired you can sell your equipment used...

pontiacg5

sr. member

Activity: 364

Merit: 250

Your best bet for ~$300 are USB block eruptors or some of the new gh/s usb miners.

Electricity is (pretty) insignificant when talking USB asics.

orcanice

full member

Activity: 194

Merit: 100

well i have free electricity.

i wanna try it out to see what it is.. i now i never will earn the $300 back. thats why i did set it as a limit.

Topic: Got $200-300 to spend on mining hardware (Read 1740 times)