How Much is a 50 GH/s BFL Bitcoin Miner Worth

xminer

jr. member

Activity: 72

Merit: 2

Quote from: tacotime on October 13, 2013, 11:35:46 AM

I already 100% ROI'd on my Block Erupter USBs by mining and holding PPC with them before the price doubled. Tongue

The "will never ROI" statements are silly to me.

This is just plain gambling. What if PPC failed to rise? What if you bought them for a sum you've spent for erupters? The "never ROI in BTC spent" statement seems to be pretty much true if the network continues to grow like insane and outdated devices get sold for BTC w/o accounting for network growth factor.

mamutin

newbie

Activity: 9

Merit: 0

Quote from: klintay on October 13, 2013, 11:10:04 AM

Quote from: RoboCoder on October 11, 2013, 03:15:53 PM

Whatever you can get somebody to pay for it really..

If btc is worth $500/usd in 2 yrs then you would easily be in profit.

You will have much more profit, just buying coins.

ralree

hero member

Activity: 518

Merit: 500

Manateeeeeeees

I still think using a percentage to scale the difficulty constantly is silly in the long-term. Sure, the hashrate will grow 30% each month (at least) for a few months, but I think we'll see a flattening, then another increase from various manufacturers around the end of the year, then another flattening. It's anyone's guess though - interesting analysis - thanks for posting.

rammy2k2

legendary

Activity: 1974

Merit: 1003

I sold one with 12btc

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: klintay on October 13, 2013, 11:10:04 AM

Quote from: RoboCoder on October 11, 2013, 03:15:53 PM

Whatever you can get somebody to pay for it really..

exactly!!

However some people might use it to mine other coins so your calculation does not take this into account. Also what is the life expectancy on the device? Will they really last 2 yrs of continuous use? But yes mining is becoming a mugs game...so much for the decentralized network. If btc is worth $500/usd in 2 yrs then you would easily be in profit.

I already 100% ROI'd on my Block Erupter USBs by mining and holding PPC with them before the price doubled. Tongue

The "will never ROI" statements are silly to me.

klintay

legendary

Activity: 1775

Merit: 1032

Value will be measured in sats

Quote from: RoboCoder on October 11, 2013, 03:15:53 PM

Whatever you can get somebody to pay for it really..

exactly!!

However some people might use it to mine other coins so your calculation does not take this into account. Also what is the life expectancy on the device? Will they really last 2 yrs of continuous use? But yes mining is becoming a mugs game...so much for the decentralized network. If btc is worth $500/usd in 2 yrs then you would easily be in profit.

RoboCoder

sr. member

Activity: 388

Merit: 250

Save A Life, Adopt a Pet Today!

Whatever you can get somebody to pay for it really..

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: mamutin on October 11, 2013, 12:33:32 PM

How much is a 50 GH/s BFL Bitcoin miner worth if it starts mining
at the 20. of October 2013.
Normally the difficulty is increased every 2016 blocks. Which is
about 14 days.

Szenaria with Current Difficulty Increase
The difficulty increase is calculated with 30% over each time
frame. This is the current increase per time frame.

The difficulty always adjusts at exactly 2016 blocks. If you are estimating 30% difficulty increases, then those 2016 blocks will take about 11 days, not 14.

Littleshop

legendary

Activity: 1386

Merit: 1003

Quote from: azwccc on October 11, 2013, 01:09:06 PM

I would say 30% increase is optimistic, 20% is unrealistic.

How about 30% for the next two periods, then 20% after that?

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

You can use the estimates here:

https://bitcointalksearch.org/topic/new-more-accurate-network-hashrate-forecasts-301231

Also of interest:

https://bitcointalksearch.org/topic/estimate-of-asic-pre-orders-13-to-15-phs-diff-18b-to-21b-by-end-of-2013-283820

azwccc

sr. member

Activity: 243

Merit: 250

I would say 30% increase is optimistic, 20% is unrealistic.

mamutin

newbie

Activity: 9

Merit: 0

How much is a 50 GH/s BFL Bitcoin miner worth if it starts mining
at the 20. of October 2013.
Normally the difficulty is increased every 2016 blocks. Which is
about 14 days.

Szenaria with Current Difficulty Increase
The difficulty increase is calculated with 30% over each time
frame. This is the current increase per time frame.

Timeframe	Estimated dificulty	Revenue BTC / Timeframe
2013-10-20 - 2013-11-03	246,065,624 Pages: Bitcoin Forum>Bitcoin>Mining>Hardware Jump to: © 2020, Bitcointalksearch.org

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