Gridseed v KNC Let's compare apples to apples

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: gsupp on April 07, 2014, 09:18:19 AM

Quote from: jamesc760 on April 06, 2014, 09:41:26 AM

If you had $2000, you could have bought 4-5 Antminer S1's and made ROI in a month or two.

This statement I don't understand. The difficulty on Bitcoin is rising even faster and more predictable than Litecoin. With this calculator: https://tradeblock.com/mining/ if you select an Antminer S1, $500 as the price, $0 for shipping and misc, even 0% pool fee, $0.05/kwh electric (VERY conservative), you never see ROI. The first month you make $191, then $123, then $78, until the power costs more than it's returning in BTC.

If you had bought the Antminers in November, December, or January, you definitely would ROI.

I bought in February, so should be on pace for mid May ROI in BTC. ROI in fiat sooner if the BTC price raises.

gsupp

sr. member

Activity: 308

Merit: 250

Quote from: jamesc760 on April 06, 2014, 09:41:26 AM

If you had $2000, you could have bought 4-5 Antminer S1's and made ROI in a month or two.

This statement I don't understand. The difficulty on Bitcoin is rising even faster and more predictable than Litecoin. With this calculator: https://tradeblock.com/mining/ if you select an Antminer S1, $500 as the price, $0 for shipping and misc, even 0% pool fee, $0.05/kwh electric (VERY conservative), you never see ROI. The first month you make $191, then $123, then $78, until the power costs more than it's returning in BTC.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: jamesc760 on April 06, 2014, 09:41:26 AM

I never understood why so many people were taken in by the gridseed units. They are VERY expensive, you have pay in fiat and they are under-performers. Come on, 300 KHs for $220??? Let's say you buy 10 of them for $2000, that gives you 3 MHs mining at a multi-pool, these days you are getting around 0.004 BTC a day per MHs, so 0.012 BTC a day for 3 MHs. So, you are making $5.40 a day, $2000 / $5.40 = 370 Days Before Breaking Even or ROI. And THAT is the BEST case scenario, since we all know DIFF is only going to rise.

If you had $2000, you could have bought 4-5 Antminer S1's and made ROI in a month or two.

All of the resellers I know accept BTC payments.

Quote from: incognitoworker on April 06, 2014, 11:10:30 AM

Maybe some have reached their elec capasity?
Like me, i cant take in more ants, cause my breakers are at maximum point.
Expensive, sure, but long term they should be good.

Great point! A 360KHs Gridseed uses only 7 watts in Scrypt-only mode. That beats GPUs by a healthy margin. Gridseed ASICs will remain running long after GPUs are shutdown.

incognitoworker

hero member

Activity: 736

Merit: 500

Maybe some have reached their elec capasity?
Like me, i cant take in more ants, cause my breakers are at maximum point.
Expensive, sure, but long term they should be good.

jamesc760

sr. member

Activity: 448

Merit: 250

I never understood why so many people were taken in by the gridseed units. They are VERY expensive, you have pay in fiat and they are under-performers. Come on, 300 KHs for $220??? Let's say you buy 10 of them for $2000, that gives you 3 MHs mining at a multi-pool, these days you are getting around 0.004 BTC a day per MHs, so 0.012 BTC a day for 3 MHs. So, you are making $5.40 a day, $2000 / $5.40 = 370 Days Before Breaking Even or ROI. And THAT is the BEST case scenario, since we all know DIFF is only going to rise.

If you had $2000, you could have bought 4-5 Antminer S1's and made ROI in a month or two.

incognitoworker

hero member

Activity: 736

Merit: 500

It is kind of dificult to compare hardware with something that does not exists yet.
As far as i know, when you can buy from stock you have a much better chance of calculate roi.
It is better to take smaller gambles, and smaller wins instead of higher gambles with pre orders.

rammy2k2

legendary

Activity: 1974

Merit: 1003

... thats MH ... not MG ... that tells abt everything on your experience ...

indeed

member

Activity: 100

Merit: 10

Quote from: mxlx on April 04, 2014, 05:34:51 PM

Gridseed is available now for over us$400.00 a MG and within 5 months KNC will have 250 MG for 10k, comparing apples to apples, MG hashes v MG hashes each gridseed should be around US $20.00 maximum and another $10.00 premium for having it now, that's the only way we can make some decent hashing, otherwise you will never get your money back unless the difficulty go reverse or the price skyrocket.
I was selling the gridseed before and I have over 400 of them working and I don't think I will get even half my investmnet even that I bought them directly. Prices should come way down to compete against everything will be coming out. Many of them are new players but we know that KNC is for real and he has delivered before.

thanks

Sounds good, I like it! What else?

mxlx

newbie

Activity: 57

Merit: 0

Gridseed is available now for over us$400.00 a MG and within 5 months KNC will have 250 MG for 10k, comparing apples to apples, MG hashes v MG hashes each gridseed should be around US $20.00 maximum and another $10.00 premium for having it now, that's the only way we can make some decent hashing, otherwise you will never get your money back unless the difficulty go reverse or the price skyrocket.
I was selling the gridseed before and I have over 400 of them working and I don't think I will get even half my investmnet even that I bought them directly. Prices should come way down to compete against everything will be coming out. Many of them are new players but we know that KNC is for real and he has delivered before.

thanks

Topic: Gridseed v KNC Let's compare apples to apples (Read 687 times)