Some people think mining isn't profitable and defend that position to the death, and most of them are right.
But I mine, and I've turned a little bit of a profit.
Spending $130 bucks on 333mh/s is no way to start though. I'm afraid you'll need to do your own research there. Search for bitcoin mining calculators on google, I really like the Coinish one because it calculates off of predicted difficulty if you use the "expert" mode.
Topic: Got $200-300 to spend on mining hardware - page 2. (Read 1740 times)
Buy bitcoins, don't buy mining rigs.
You will get three types of answers here:
A. Do not bother to buy anything, as it will not ROI.
B. Buy Bitcoins, they will rise overtime.
C. Buy XYZ miner.
Sadly, only A and B are correct, C is nothing more but a dream.
A. Do not bother to buy anything, as it will not ROI.
B. Buy Bitcoins, they will rise overtime.
C. Buy XYZ miner.
Sadly, only A and B are correct, C is nothing more but a dream.
Buy nothing! And especially don't waste 130$, or even 1$, on that thing. Return of investment (ROI) will never happens, difficulty is almost at 200 millions and keep increasing very fast
At today difficulty with 330mh/s you will make less than 0.75$ per week
Not even enough to pay the electricity consumption for that thing
Same apply to all other mining hardware, even recouping from expenses is impossible.
At today difficulty with 330mh/s you will make less than 0.75$ per week
Not even enough to pay the electricity consumption for that thingSame apply to all other mining hardware, even recouping from expenses is impossible.
Check out this blog post. It's a 330 MH/s mining rig for around $130 which is pretty cool. It's just a Raspberry Pi and some necessary accessories, such as a powered USB hub, hooked up with a 330 MH/s USB miner. You can easily get a powered USB hub with 7+ ports at an affordable price, and the USB miners are going for about $20 on the BTC Guild website, so you could get maybe 7 of them and be mining at about 2.3 GH/s. If you pick the right mining pool, and give appropriate consideration to factors like power consumption, it might be something to look at. However, the last time I regularly mined was about 7 months ago, so I can't speak for how worthwhile it'd be nowadays.
What should i buy? or should i do something else?
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