How many time until get back my investment?

STT

legendary

Activity: 4102

Merit: 1454

Does that exclude the idea of solo mining and getting lucky, or are the odds on that so unlikely its a joke

Quote

Electricity is one of the highest priced in the western world at >$0.18/wh

THats not stupidly high, its just not cheap. Some places get cheap elec from hydro generation so thats the best place to live. Its fair to warn people and difficulty will probably keep rising, there is the slight possible that bitcoin goes back to 1,000. Ive given up near term on the idea but if stable the coin economy can come back longer term if the world has a demand for its uses

Its a shame it went all industrial, all the miners being in one giant warehouse does not seem as secure system as global distribution by its own users imo

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: rkandrades on October 06, 2015, 11:59:43 PM

Guys...

I'm a noob in mining.

Could you explain me how many satoshis could I make per hour using the miner bellow?

http://pt.aliexpress.com/item/In-Stock-Btc-Miner-Avalon-Nano-USB-Bitcoin-Miner-3-6GH-s-asicminer-for-bitcoin/2052988452.html?spm=2114.031030708.3.1.qSQIHl&ws_ab_test=201556_1,201527_3_71_72_73_74_75,0_0

Thank you.

Well if you are gonna get a toy ..where the only ROI is a smile

Then I suggest you get the Sidehack Gekko 8gb (you can overclock it) usb miner on the support thread here at the link down below.

It is 25 bucks and 6 bucks shipping. I got 2 for 56 bucks a month ago.

The only ROI you get with these (or your link above) would be a SMILE. The below link to the Sidehack 8gb usb stick if I run it for a year where I'm at...last I looked at 13.5c kwh usa
I would make a whole 11 bucks usd! For the whole YEAR!

So imho if you just want something to play with for a stick miner you are better off getting this below. Here is the link and the support thread on bitcointalk.

https://bitcointalksearch.org/topic/gekkoscience-compac-bm1384-stickminer-official-support-thread-1173963

anyway...they are legit..supported and 'cute' as you can see by the link below

Home Mining is Dead Now. It has moved to faster/bigger/better machines now in giant data halls. But again if you just want a 'toy' and never ROI I'd get this to play with.

Look over the above thread. It also shows the process of how the project got off the ground and what other products it may make in the future as well.

chalkboard17

sr. member

Activity: 484

Merit: 251

Quote from: rkandrades on October 09, 2015, 12:36:05 AM

Quote from: VirosaGITS on October 08, 2015, 11:53:55 PM

Quote from: ?? on ??

Quote from: rkandrades on October 08, 2015, 11:46:37 PM

Quote from: ?? on ??

You can easily buy 200gh/s for 20$ for an antminer S1 and just run it in the winter using it as a heater and you will do much better than a 3gh/s stick, but neither of these will make you much of anything.

Where can I find an ANtminer S1 for this price?

Check the marketplace on this forum and make a [WTB] Post, these have been sold a lot so you might have to wait a minute to get one.

You should look for a lot. I got a lot of 7 for 100$... few months back? I have pen volt modded mine and today i put a completely silent miner in one and put it next to my bed, since its starting to get a tiny bit cold.

http://imgur.com/Ys7XHsq The fan is 20dB~ Consumption is 155watts atm.

You'll have problem finding someone actively selling them in the marketplace but you might be able to have someone get S1 out of storage for you if you manage a buying thread.

How many satoshis are you getting each day?

I already told you everything you need to know. This isn't the right approach to you either. You live in a very warm country and you don't need heater. The s1 will run at a very high loss due to brazil's energy prices.

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Quote from: Amph on October 09, 2015, 02:09:41 AM

Quote from: rkandrades on October 09, 2015, 12:36:05 AM

Quote from: VirosaGITS on October 08, 2015, 11:53:55 PM

Quote from: ?? on ??

Quote from: rkandrades on October 08, 2015, 11:46:37 PM

Quote from: ?? on ??

You can easily buy 200gh/s for 20$ for an antminer S1 and just run it in the winter using it as a heater and you will do much better than a 3gh/s stick, but neither of these will make you much of anything.

Where can I find an ANtminer S1 for this price?

Check the marketplace on this forum and make a [WTB] Post, these have been sold a lot so you might have to wait a minute to get one.

You should look for a lot. I got a lot of 7 for 100$... few months back? I have pen volt modded mine and today i put a completely silent miner in one and put it next to my bed, since its starting to get a tiny bit cold.

http://imgur.com/Ys7XHsq The fan is 20dB~ Consumption is 155watts atm.

You'll have problem finding someone actively selling them in the marketplace but you might be able to have someone get S1 out of storage for you if you manage a buying thread.

How many satoshis are you getting each day?

you should check your electricity cost first, because antminer s1 isn't efficient at all, you may end up losing money eac day instead of earning few pennies

Well like we said in the comment you quoted, we're doing this to replace electric heating. In my case, S1's return and its cost is very close to being the same, so in the case where i need the heat anyways because its now cold outside, it's nearly pure profit.

I would not run 30 of them in a room but if you spread them here and there in the house, which is easy because they are on Wifi, you can save much more money on heating than you have put in.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: rkandrades on October 09, 2015, 12:36:05 AM

Quote from: VirosaGITS on October 08, 2015, 11:53:55 PM

Quote from: ?? on ??

Quote from: rkandrades on October 08, 2015, 11:46:37 PM

Quote from: ?? on ??

You can easily buy 200gh/s for 20$ for an antminer S1 and just run it in the winter using it as a heater and you will do much better than a 3gh/s stick, but neither of these will make you much of anything.

Where can I find an ANtminer S1 for this price?

Check the marketplace on this forum and make a [WTB] Post, these have been sold a lot so you might have to wait a minute to get one.

You should look for a lot. I got a lot of 7 for 100$... few months back? I have pen volt modded mine and today i put a completely silent miner in one and put it next to my bed, since its starting to get a tiny bit cold.

http://imgur.com/Ys7XHsq The fan is 20dB~ Consumption is 155watts atm.

You'll have problem finding someone actively selling them in the marketplace but you might be able to have someone get S1 out of storage for you if you manage a buying thread.

How many satoshis are you getting each day?

you should check your electricity cost first, because antminer s1 isn't efficient at all, you may end up losing money each day instead of earning few pennies

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Quote from: rkandrades on October 09, 2015, 12:36:05 AM

Quote from: VirosaGITS on October 08, 2015, 11:53:55 PM

Quote from: ?? on ??

Quote from: rkandrades on October 08, 2015, 11:46:37 PM

Quote from: ?? on ??

You can easily buy 200gh/s for 20$ for an antminer S1 and just run it in the winter using it as a heater and you will do much better than a 3gh/s stick, but neither of these will make you much of anything.

Where can I find an ANtminer S1 for this price?

Check the marketplace on this forum and make a [WTB] Post, these have been sold a lot so you might have to wait a minute to get one.

You should look for a lot. I got a lot of 7 for 100$... few months back? I have pen volt modded mine and today i put a completely silent miner in one and put it next to my bed, since its starting to get a tiny bit cold.

http://imgur.com/Ys7XHsq The fan is 20dB~ Consumption is 155watts atm.

You'll have problem finding someone actively selling them in the marketplace but you might be able to have someone get S1 out of storage for you if you manage a buying thread.

How many satoshis are you getting each day?

Err let see. I have .98TeraHash multiplied by 0.009BTC Profitability or so would equal 0.00882BTC which translate to 882000 Satoshi per day! So more or less over 9000.
Depending on how low you underclock them, you profitability can still raise. I run them at 1.1J/GH but you can do 0.9J/Gh at around 90-100GHs i believe.

rkandrades

sr. member

Activity: 392

Merit: 251

Bitcoin Faucet & Blog

Quote from: VirosaGITS on October 08, 2015, 11:53:55 PM

Quote from: ?? on ??

Quote from: rkandrades on October 08, 2015, 11:46:37 PM

Quote from: ?? on ??

You can easily buy 200gh/s for 20$ for an antminer S1 and just run it in the winter using it as a heater and you will do much better than a 3gh/s stick, but neither of these will make you much of anything.

Where can I find an ANtminer S1 for this price?

Check the marketplace on this forum and make a [WTB] Post, these have been sold a lot so you might have to wait a minute to get one.

You should look for a lot. I got a lot of 7 for 100$... few months back? I have pen volt modded mine and today i put a completely silent miner in one and put it next to my bed, since its starting to get a tiny bit cold.

http://imgur.com/Ys7XHsq The fan is 20dB~ Consumption is 155watts atm.

You'll have problem finding someone actively selling them in the marketplace but you might be able to have someone get S1 out of storage for you if you manage a buying thread.

How many satoshis are you getting each day?

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Quote from: ?? on ??

Quote from: rkandrades on October 08, 2015, 11:46:37 PM

Quote from: ?? on ??

You can easily buy 200gh/s for 20$ for an antminer S1 and just run it in the winter using it as a heater and you will do much better than a 3gh/s stick, but neither of these will make you much of anything.

Where can I find an ANtminer S1 for this price?

Check the marketplace on this forum and make a [WTB] Post, these have been sold a lot so you might have to wait a minute to get one.

You should look for a lot. I got a lot of 7 for 100$... few months back? I have pen volt modded mine and today i put a completely silent miner in one and put it next to my bed, since its starting to get a tiny bit cold.

http://imgur.com/Ys7XHsq The fan is 20dB~ Consumption is 155watts atm.

You'll have problem finding someone actively selling them in the marketplace but you might be able to have someone get S1 out of storage for you if you manage a buying thread.

rkandrades

sr. member

Activity: 392

Merit: 251

Bitcoin Faucet & Blog

Quote from: ?? on ??

You can easily buy 200gh/s for 20$ for an antminer S1 and just run it in the winter using it as a heater and you will do much better than a 3gh/s stick, but neither of these will make you much of anything.

Where can I find an ANtminer S1 for this price?

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Quote from: ?? on ??

You can easily buy 200gh/s for 20$ for an antminer S1 and just run it in the winter using it as a heater and you will do much better than a 3gh/s stick, but neither of these will make you much of anything.

Thats what i'm doing here in Canada, Québec. Electricity is dirt cheap so S1 is actually still profitable-ish. Considering that i can use those instead of electric heating for the winter. I will ROI those S1's a 3 or 4th time it seem.

Have a look at this;
https://i.imgur.com/Ys7XHsq.png?2

Running with a super low CFM super silent fan. Its quieter than my CPU fan that i can barely hear in my PC. Next to the window, in winter, i will probably be able to run them fanless. Without a fan at 27c ambient they go 71c which feel too hot imo.

rkandrades

sr. member

Activity: 392

Merit: 251

Bitcoin Faucet & Blog

Quote from: mavericklm on October 08, 2015, 10:41:53 PM

if you have cheap electricity, if you need the heat, then you should mine!

Eletricity has high costs in Brazil... Sad

mavericklm

hero member

Activity: 742

Merit: 500

if you have cheap electricity, if you need the heat, then you should mine!

rkandrades

sr. member

Activity: 392

Merit: 251

Bitcoin Faucet & Blog

I gave up this idea.

I won't mine. heheh

Thank you all.

BLOCK_C

newbie

Activity: 35

Merit: 0

At roughly $7 per Ghash it will take you about 10 years to recover your 'investment' that is assuming you're not counting your power cost into the equation.

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Quote from: rkandrades on October 08, 2015, 01:08:23 PM

Then... Why these tiny miners still costs high prices if they return almost nothing?

Because people are still willing to pay those prices - whether because they don't know any better (i.e. the seller's basically taking advantage of ignorance, even if not willful), or because the buyer assigns that value to the object based on other characteristics (maybe trying to complete a collection, for example).

A secondary thing is that there's a minimum value for these things anyway - people have to put in time for packaging+shipping, the packaging+shipping itself has a cost, and below a certain base value for the product, the aforementioned aren't worth the bother. So while a Block Erupter USB, when calculating $/Gh from say an Antminer S7 would be almost worthless, a more reasonable market price is between $5 and $10. Lower than $5 and you'd be better off yanking the heatspreader off and try selling that separately as 'jewelry', for example Wink

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: rkandrades on October 08, 2015, 01:08:23 PM

Quote from: silverleafy on October 08, 2015, 01:00:13 PM

Odds are... never.
I was checking on Bitcoinwisdom's mining calculator, and even with a 1% increase in difficulty every 2016 blocks and a 1% pool fee, assuming free... you'll never get back your $20 investment (assuming free shipping). The closest you'd get to breaking even (according to that website) is $19.98 in red. Mining with that for profit isn't worth it. At all. It might be good to get started, to see how mining works, or just for fun. But not for profit.

I repeat, you will never break even if you mine with that.

Then... Why these tiny miners still costs high prices if they return almost nothing?

They mainly are for fun and learning. They are not made for ROI.

If you want ROI look into bigger gear. And do the math. What is your electricity price?

rkandrades

sr. member

Activity: 392

Merit: 251

Bitcoin Faucet & Blog

Quote from: silverleafy on October 08, 2015, 01:00:13 PM

Odds are... never.
I was checking on Bitcoinwisdom's mining calculator, and even with a 1% increase in difficulty every 2016 blocks and a 1% pool fee, assuming free... you'll never get back your $20 investment (assuming free shipping). The closest you'd get to breaking even (according to that website) is $19.98 in red. Mining with that for profit isn't worth it. At all. It might be good to get started, to see how mining works, or just for fun. But not for profit.

I repeat, you will never break even if you mine with that.

Then... Why these tiny miners still costs high prices if they return almost nothing?

silverleafy

sr. member

Activity: 538

Merit: 250

Odds are... never.
I was checking on Bitcoinwisdom's mining calculator, and even with a 1% increase in difficulty every 2016 blocks and a 1% pool fee, assuming free... you'll never get back your $20 investment (assuming free shipping). The closest you'd get to breaking even (according to that website) is $19.98 in red. Mining with that for profit isn't worth it. At all. It might be good to get started, to see how mining works, or just for fun. But not for profit.

I repeat, you will never break even if you mine with that.

RichBC

hero member

Activity: 588

Merit: 500

Quote from: rkandrades on October 08, 2015, 09:19:13 AM

Hummm... Tell me real examples of these minimum withdrawal limits, please (the little ones) Cheesy

A common minimum for payout is 0.01BTC so taking from above 0.00003BTC / Day that is 334 Days.

NiceHash pays out once a Day at .004BTC which is 134 Days However they also pay out Weekly at .0001BTC so you would see .0002 each Week.

Rich

rkandrades

sr. member

Activity: 392

Merit: 251

Bitcoin Faucet & Blog

Quote from: jonnybravo0311 on October 08, 2015, 08:58:18 AM

Quote from: rkandrades on October 07, 2015, 12:30:14 PM

I see...

But I'm not think in profit with mining. I just wanted a fifth provider of satoshis to support my faucet.

I'm having good profit with my faucet and I use to try support its balance getting satoshis from:

1. Signature campaign
2. Rotator referrals
3. Faucets
4. Publishing Ads on my site

With this 4 fonts I'm getting 50% of the amount spent with my faucet payouts.

The problem is it takes a lot of time to administrate and collect these satoshis.

So my idea is to seek for a fifth font of satoshis but withou the need to spend more time.

Mine with a little USB miner sounds good to me because It doesn't takes me time.

Well, having a dedicated miner is certainly pretty hassle free - plug it in and let it run. The problem is that most pools you're going to mine on have minimum withdrawal limits. So, while you might be earning a few thousand satoshi a day from your USB device, it'll be a while before you can actually withdraw your balance

.

Hummm... Tell me real examples of these minimum withdrawal limits, please (the little ones) Cheesy

Topic: How many time until get back my investment? (Read 2094 times)