Get a KNC Neptune 1st batch pre order off someone else.
I agree. Check my signature 
Topic: I have a MAXIMUM budget of 12 BTC to invest in Bitcoin mining, need some advice (Read 2518 times)
January 20, 2014, 02:27:51 PM
January 20, 2014, 04:57:45 AM
Dont buy miners ( or bitcoin ) or anything else speculative with borrowed money. That would be my advice.
+1Dont speculate with anything you cant afford to loose.
Delivery delays, increased difficulty, price drops for BTC ... far to many possibilities of not making your money back.
January 20, 2014, 01:31:13 AM
Dont buy miners ( or bitcoin ) or anything else speculative with borrowed money. That would be my advice.
January 20, 2014, 12:44:15 AM
Get a KNC Neptune 1st batch pre order off someone else.
January 18, 2014, 10:01:36 PM
I am sure there are plenty of options for you in regards to buying miners but none will be worth more in the end than the coin you hold right now. With all this unpredictable hash power coming online,it could make your new found miner a nice conversation piece quick and you would be in debt. Buy coin and when they triple in value,then buy a miner if you feel lucky. Coin is king.
January 18, 2014, 06:06:13 PM
Actually for 12BTC you can get 5 Antminers - 5x180GH normal = 900GH
EDIT: Sorry forgot to mention that you can overclock them to achieve 200GH per unit but that will void your warranty.
More info here: https://bitcointalksearch.org/topic/setup-troubleshoot-bitmain-antminer-s1-180ghs-miner-344970
Antminers are on sale now for only 2.2BTC, I bought one yesterday and received a tracking number today.
Delivered by Thursday in Eu.
They are currently sold out but they will have a few more before the Chinese New Year from what I have heard.
Try this:
https://bitcointalksearch.org/topic/m.4588475
GenTarkin states that they should have more by tomorrow for shipping by Tuesday
I am sure he knows more
EDIT: Sorry forgot to mention that you can overclock them to achieve 200GH per unit but that will void your warranty.
More info here: https://bitcointalksearch.org/topic/setup-troubleshoot-bitmain-antminer-s1-180ghs-miner-344970
Antminers are on sale now for only 2.2BTC, I bought one yesterday and received a tracking number today.
Delivered by Thursday in Eu.
They are currently sold out but they will have a few more before the Chinese New Year from what I have heard.
Try this:
https://bitcointalksearch.org/topic/m.4588475
GenTarkin states that they should have more by tomorrow for shipping by Tuesday
I am sure he knows more
January 18, 2014, 01:19:51 PM
Hello! As I've stated in the title, I have $10,000 to spend on Bitcoin mining. I'm however am having trouble finding the best buy. If any of you can tell me what the best miner is for 12 BTC with the most reliability, highest hashrate, lowest power consumption, best reputation, fastest time from order to shipment, etc.
Thanks!
-Suo
Thanks!
-Suo
Buy litecoin instead... its really cheap now...
+1. Expect litecoin to make new highs later this year when Coinbase adds litecoin.
January 18, 2014, 11:26:58 AM
Thing is, I have to pay back this $10,000 in 6 to 9 months, so buying and holding might not prove to be the best option for me.
Did you borrowed the money ??
This is the reason for you don't want to buy BTC and wait for the price to raise?
January 16, 2014, 10:33:02 PM
Hello! As I've stated in the title, I have $10,000 to spend on Bitcoin mining. I'm however am having trouble finding the best buy. If any of you can tell me what the best miner is for 12 BTC with the most reliability, highest hashrate, lowest power consumption, best reputation, fastest time from order to shipment, etc.
Thanks!
-Suo
Thanks!
-Suo
Buy litecoin instead... its really cheap now...
January 14, 2014, 05:26:31 AM
You can Pre-Order a CoinTerra 2 TH/s Miner or a KNC Neptune 3 TH/s miner. They will make you good profit.
no they won't!
cointerra is already late and by the time you receive it diff will be so high that it won't even ROI.
same thing for Neptune. If you pay it right now you'll be at the end of batch 2 for delivery. black arrow will hit the network hardly (end of February) together with first batch of Neptune and also cointerra when they start with delivery. by the time you receive Neptune purchased today diff will be so high it will not earn you anything.
January 13, 2014, 09:43:10 PM
You can Pre-Order a CoinTerra 2 TH/s Miner or a KNC Neptune 3 TH/s miner. They will make you good profit.
January 13, 2014, 11:55:44 AM
Hello! As I've stated in the title, I have $10,000 to spend on Bitcoin mining. I'm however am having trouble finding the best buy. If any of you can tell me what the best miner is for 12 BTC with the most reliability, highest hashrate, lowest power consumption, best reputation, fastest time from order to shipment, etc.
Thanks!
-Suo
Thanks!
-Suo
The 12 BTC ganna get you much more profit then mining... check difficulty..
January 13, 2014, 10:54:01 AM
you don't have to buy
January 13, 2014, 10:33:17 AM
I'm thinking about selling my saturn [october batch] [284GH/s ] for 6 BTC
5.3BTC buys you 2 brand new AntMiners which together produce 360 to 410GH/sI wonder how you expect to get 6BTC for a ~4month old miner which produces 284GH/s
January 13, 2014, 10:19:50 AM
I'm thinking about selling my saturn [october batch] [284GH/s ] for 6 BTC
This is a joke right?
285Gh saturn can earn in his lifetime around 3.5-4BTC.
WTF dude???
January 13, 2014, 08:28:32 AM
I'm thinking about selling my saturn [october batch] [284GH/s ] for 6 BTC
January 13, 2014, 08:28:11 AM
When is KnC Neptune first and second batch gonna ship?
Quote
Neptune is our first 20nm product and will be shipping in Q2 of 2014.
January 13, 2014, 08:18:28 AM
When is KnC Neptune first and second batch gonna ship?
January 13, 2014, 05:06:52 AM
there is no miner worth of buying right now.
blackarrow has sold out everything till May, KNC 3TH neptune is sold out also and it will arrive to late for you.
rest of the company's are not worth of consideration.
right now your best option is https://bitcointalksearch.org/topic/group-buy-worldwidebtmine-v1-miner-200ghs-btc-24-379819
i can confirm that guys are legit and I have 2 units running at 220-230GH/s without overclocking and they cost $2050 including shipping. they are shipped via DHL so package is in you hands within 4 days. they will even write low value for you so you can save some money on import custom.
anyway, be careful with your money.
this is definitely not the time to make any investments in mining gear except for BTC.
blackarrow has sold out everything till May, KNC 3TH neptune is sold out also and it will arrive to late for you.
rest of the company's are not worth of consideration.
right now your best option is https://bitcointalksearch.org/topic/group-buy-worldwidebtmine-v1-miner-200ghs-btc-24-379819
i can confirm that guys are legit and I have 2 units running at 220-230GH/s without overclocking and they cost $2050 including shipping. they are shipped via DHL so package is in you hands within 4 days. they will even write low value for you so you can save some money on import custom.
anyway, be careful with your money.
this is definitely not the time to make any investments in mining gear except for BTC.
January 13, 2014, 04:24:18 AM
Bitmain AntMiner S1
https://www.bitmaintech.com/
They're being sold now for 2.65BTC for 180GH/s (or overclock to 200). Get 4 of those and spend the rest of your money on good PSU's.
Right now, they give you about 0.065 - 0.075 per day per miner (depending on pool luck and overclock) With the current difficulty it takes about 43 days to mine 12BTC with them.
Yes the difficulty will rise quite a bit during these days and I didn't calculate the power costs, but still, even if it takes 90 days, still plenty of time to pay back your loan.
At that point you can do 2 things:
- keep mining for more btc
- sell them on ebay and take your profit in that way
I guess the value of BTC and the diff at the moment you made your ROI will help you decide what to do.
The most important thing here is, they're available. Sure you can do some pre-order stuff, but I think that's just way too risky, delays can really fck you over.
Good luck
edit:
there are also some other devices like Avalon2 rigs, but they really sound like a jet engine and use way more power which (in my opinion) simply rules them out to use in your home environment, if you were planning to set them up there.
https://www.bitmaintech.com/
They're being sold now for 2.65BTC for 180GH/s (or overclock to 200). Get 4 of those and spend the rest of your money on good PSU's.
Right now, they give you about 0.065 - 0.075 per day per miner (depending on pool luck and overclock) With the current difficulty it takes about 43 days to mine 12BTC with them.
Yes the difficulty will rise quite a bit during these days and I didn't calculate the power costs, but still, even if it takes 90 days, still plenty of time to pay back your loan.
At that point you can do 2 things:
- keep mining for more btc
- sell them on ebay and take your profit in that way
I guess the value of BTC and the diff at the moment you made your ROI will help you decide what to do.
The most important thing here is, they're available. Sure you can do some pre-order stuff, but I think that's just way too risky, delays can really fck you over.
Good luck
edit:
there are also some other devices like Avalon2 rigs, but they really sound like a jet engine and use way more power which (in my opinion) simply rules them out to use in your home environment, if you were planning to set them up there.
January 13, 2014, 04:16:38 AM
I buy from these guys and they have not let me down, always there to help if needed.
https://bitcointalk.org/index.php?topic=370260.280
https://bitcointalk.org/index.php?topic=370260.280
January 13, 2014, 04:09:52 AM
if you're gonna buy jalapenos, make sure you get them a good psu, else they will die out fast. Those ATX ones are great, there's a thread that a dude sell those atx to 5.5mm connectors so that you could plug in to your jally.
In my opinion, get stuff that you can get your hands on right now, not a pre order or anything, unless the company is sure to ship at that stipulated date. I waited 5 months for my jallies. They died recently after 7 to 11 days of use. Mostly power supply problems. I wouldn't recommend them, but it's your call.
Stuff from KNC seems pretty solid, rigid, designed for long term mining.
In my opinion, get stuff that you can get your hands on right now, not a pre order or anything, unless the company is sure to ship at that stipulated date. I waited 5 months for my jallies. They died recently after 7 to 11 days of use. Mostly power supply problems. I wouldn't recommend them, but it's your call.
Stuff from KNC seems pretty solid, rigid, designed for long term mining.
January 13, 2014, 04:00:19 AM
Your best bet for immediate delivery? Those 180GH/s Antminers are looking pretty sweet. You could get 3 of them, for a total of 540GH/s.
Actual price is 2,65BTC so he can get 4 ants = 720GH on default clock , 770GH or 810GH after OC January 13, 2014, 03:48:15 AM
Its not serous advice but i would think to buy some a lot of mining rigs to get high hashes like 50 butterfly jalapenos 50x200$=10k$ and you get around 300-350 GH/s some Jelys do 6-7gh/s but u would need separate room with a lot of sockets Its not the best idea but thinking in that way u could get around 400-500 ghz/s from buying a lot of separates stuff and fit in 10k$,
like 50 butterfly jalapenos 50x200$=10k$ and you get around 300-350 GH/s some Jelys do 6-7gh/s but u would need separate room with a lot of sockets Its not the best idea but thinking in that way u could get around 400-500 ghz/s from buying a lot of separates stuff and fit in 10k$, January 13, 2014, 03:07:08 AM
Thing is, I have to pay back this $10,000 in 6 to 9 months, so buying and holding might not prove to be the best option for me.
In that case, I would find a nice miner ASAP. Can't think of any worth 12BTC though...
Like the guy above me said, maybe 3 AntMiners?
If you can snag some KnC gear, I can attest to their quality. Fantastic units. Keep your eyes on open on Craigslist for Jupiter or Saturn units.
Spend 8-11BTC on a Jupiter. Hold the rest for a month or two, then supplement your mining pool slowly as you bring in BTC.
I will say one thing though, if you need to pay this loan back, do not pre-order anything.
Just my 0.02BTC
If I pickup a Jupiter for $9000 and let it mine 6 months straight, I would still have about 4 BTC to make up for. 6 months from now the Jupiter will be obsolete mining 0.02BTC per week. (http://bitcoinwisdom.com/bitcoin/calculator) Can you explain the 'supplementation of the pool?' I don't know how it would turn ~1 BTC into 4+ BTC.
January 13, 2014, 02:41:31 AM
Buy into my group buy, its currently the best price per hosted GH, and we also have a day 1 Neptune included.
January 13, 2014, 02:35:15 AM
I am in Batch 1 for HashFast. And was withing the first month of BFL back in the day.
Definitely do not do pre-orders. I waited over a year and 3 months to finally get my stuff from BFL.
Definitely do not do pre-orders. I waited over a year and 3 months to finally get my stuff from BFL.
January 13, 2014, 02:19:05 AM
Thing is, I have to pay back this $10,000 in 6 to 9 months, so buying and holding might not prove to be the best option for me.
In that case, I would find a nice miner ASAP. Can't think of any worth 12BTC though...
Like the guy above me said, maybe 3 AntMiners?
If you can snag some KnC gear, I can attest to their quality. Fantastic units. Keep your eyes on open on Craigslist for Jupiter or Saturn units.
Spend 8-11BTC on a Jupiter. Hold the rest for a month or two, then supplement your mining pool slowly as you bring in BTC.
I will say one thing though, if you need to pay this loan back, do not pre-order anything.
Just my 0.02BTC
January 13, 2014, 02:12:49 AM
Thing is, I have to pay back this $10,000 in 6 to 9 months, so buying and holding might not prove to be the best option for me.
January 13, 2014, 01:59:23 AM
Buy BTC and hold, or if you can find a Jupiter, they're still probably the best available miner. Bitfury (400GH/s) are pretty awesome too, but they are also pretty rare.
I'm selling some gear (Saturn and an Avalon) but I can't say honestly that that's what I would do if I had 12BTC to spend.
Good luck!
I'm selling some gear (Saturn and an Avalon) but I can't say honestly that that's what I would do if I had 12BTC to spend.
Good luck!
January 13, 2014, 01:57:49 AM
Your best bet for immediate delivery? Those 180GH/s Antminers are looking pretty sweet. You could get 3 of them, for a total of 540GH/s.
That's assuming you don't want to wait for a pre-order. 4TH/s of TerraMiners would cost you ~12k, but wouldn't be delivered until May. 3TH/s of Monarchs would cost you ~11k, but wouldn't be delivered until sometime between February and May(?).
Another option is GPU farming. You could probably get 15Mh/s if you shopped carefully. You won't make as much, and your power bill would be higher, but your earnings would be less subject to rapidly increasing difficulty changes, and GPUs are a lot easier to resell on ebay.
That's assuming you don't want to wait for a pre-order. 4TH/s of TerraMiners would cost you ~12k, but wouldn't be delivered until May. 3TH/s of Monarchs would cost you ~11k, but wouldn't be delivered until sometime between February and May(?).
Another option is GPU farming. You could probably get 15Mh/s if you shopped carefully. You won't make as much, and your power bill would be higher, but your earnings would be less subject to rapidly increasing difficulty changes, and GPUs are a lot easier to resell on ebay.
January 13, 2014, 01:47:34 AM
Buy BTC instead
January 13, 2014, 01:42:13 AM
Hello! As I've stated in the title, I have $10,000 to spend on Bitcoin mining. I'm however am having trouble finding the best buy. If any of you can tell me what the best miner is for 12 BTC with the most reliability, highest hashrate, lowest power consumption, best reputation, fastest time from order to shipment, etc.
Thanks!
-Suo
Thanks!
-Suo
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