[In Stock] A2 Miner $12000/unit, G-Blade $940/unit, FREE Shipping, no bullshit - page 2.

joeventura

hero member

Activity: 854

Merit: 500

Quote from: cryptomatt on May 07, 2014, 12:35:32 PM

Jeez dude, I'm not trying to be a dick, settle down.

I never said you were trying to do anything except show how I was wrong, I was not trying to offend you either, if i did I apologize.

This community is (I hope) about mutual assistance and not about telling people they are wrong.

I am not perfect, I wish to be educated.

My attestation is that 5Mh of scrypt mining hardware that costs $940 will recover its own cost and be profitable within a year (probably closer to 6 months) in the right hands.

Using math and charts and trends please someone show me the error of my ways, because otherwise you are not helping me or anyone else in making an educated decision.

cryptomatt

member

Activity: 85

Merit: 10

Jeez dude, I'm not trying to be a dick, settle down.

joeventura

hero member

Activity: 854

Merit: 500

Quote from: cryptomatt on May 07, 2014, 11:58:45 AM

Quote from: joeventura on May 07, 2014, 11:09:25 AM

here is a calculator showing straight up 5Mh on DOGE

My math shows 4.6 months to break even

$950 divided by $204

DOGE difficulty is falling not rising, so even if it were to double still would break even.

(oh and the number I quoted was my mining 15mh so I forgot to divide by 3 for the 5mh example, in any case it still becomes profitable)

Ok so there are a couple things wrong here. First you are linearly extrapolating that calculator. Ie. $204 each month for the next 4.6 months. That's not a correct way to use a mining calculator. For example, there will be a lot more hashing power coming online over 4.6 months that will increase the difficulty. Zeusminer, for example, is saying they will start delivering some serious hashing this month (if they actually come through).

You also reference doge and the block reward is next scheduled to halve in ~60 days so 4 month profitability isn't going to be constant. The price would have to double.

And based on your detailed analysis (the part where YOU do some math) the correct answer is what???

joeventura

hero member

Activity: 854

Merit: 500

I don't have to extrapolate on DOGE if the Difficulty is going DOWN - Forget I mentioned a specific coin. Geez you guys are thick!

So basically I am in a discussion with people who are saying "You are wrong" but have no ability to prove why except anecdotal crap.

I will make it easy for you all to understand.....

Spending $940 on 5Mh of scrypt mining equipment today will get you your money back and then some in the next year.

(hopefully by not mentioning a coin or specific amount of profit will be enough teflon to keep the naysayers away)

Anyone who responds in this thread without at least an attempt at math is WRONG.

cryptomatt

member

Activity: 85

Merit: 10

Quote from: joeventura on May 07, 2014, 11:09:25 AM

here is a calculator showing straight up 5Mh on DOGE

My math shows 4.6 months to break even

$950 divided by $204

DOGE difficulty is falling not rising, so even if it were to double still would break even.

(oh and the number I quoted was my mining 15mh so I forgot to divide by 3 for the 5mh example, in any case it still becomes profitable)

Ok so there are a couple things wrong here. First you are linearly extrapolating that calculator. Ie. $204 each month for the next 4.6 months. That's not a correct way to use a mining calculator. For example, there will be a lot more hashing power coming online over 4.6 months that will increase the difficulty. Zeusminer, for example, is saying they will start delivering some serious hashing this month (if they actually come through).

You also reference doge and the block reward is next scheduled to halve in ~60 days so 4 month profitability isn't going to be constant. The price would have to double.

joeventura

hero member

Activity: 854

Merit: 500

here is a calculator showing straight up 5Mh on DOGE

My math shows 4.6 months to break even

$950 divided by $204

DOGE difficulty is falling not rising, so even if it were to double still would break even.

(oh and the number I quoted was my mining 15mh so I forgot to divide by 3 for the 5mh example, in any case it still becomes profitable)

joeventura

hero member

Activity: 854

Merit: 500

Quote from: allcoinminer on May 07, 2014, 10:22:32 AM

You are totally wrong brother.
First, $18 to $22 is no where there in any multipool.
Second, there is a factor called difficulty which increases "exponentially".
Now run the numbers in a calculator which matter the above.
The result will be no ROI.

Quote from: joeventura on May 07, 2014, 09:43:21 AM

Quote from: allcoinminer on May 07, 2014, 09:37:08 AM

These are not at all profitable or ROI.

I'd ask you to show your work when you make statements like this.

5 Mh of Scrypt mining will make between $18 and $22 a day on a multipool site.
At a cost of $950 these units will ROI in under 60 days.

Even if I am off by a factor of 100% they still ROI in 4 months.

Scrypt difficulty is not increasing exponentially.

The mathematical origin of this word has to do with multiplying a number by itself.

If that were the case than a coin with a difficulty of 1000 this month would have a 1,000,000 difficulty were it increasing exponentially

Litecoin has a difficulty of 7126, for it to increase exponentially it would have to reach 50,000,000

There are no scrypt coins whose difficulty is increasing exponentially on a weekly, monthly or yearly basis.

Perhaps the word you were looking for was doubling?

Like I said, I may be wrong, if even by a factor of several times over, but my math shows ROI.

Also you don't mention during what period you say it won't ROI.

So again show your math and prove me wrong.

allcoinminer

hero member

Activity: 784

Merit: 504

You are totally wrong brother.
First, $18 to $22 is no where there in any multipool.
Second, there is a factor called difficulty which increases "exponentially".
Now run the numbers in a calculator which matter the above.
The result will be no ROI.

Quote from: joeventura on May 07, 2014, 09:43:21 AM

Quote from: allcoinminer on May 07, 2014, 09:37:08 AM

These are not at all profitable or ROI.

I'd ask you to show your work when you make statements like this.

5 Mh of Scrypt mining will make between $18 and $22 a day on a multipool site.
At a cost of $950 these units will ROI in under 60 days.

Even if I am off by a factor of 100% they still ROI in 4 months.

joeventura

hero member

Activity: 854

Merit: 500

Quote from: allcoinminer on May 07, 2014, 09:37:08 AM

These are not at all profitable or ROI.

I'd ask you to show your work when you make statements like this.

5 Mh of Scrypt mining will make between $18 and $22 a day on a multipool site.
At a cost of $950 these units will ROI in under 60 days.

Even if I am off by a factor of 100% they still ROI in 4 months.

allcoinminer

hero member

Activity: 784

Merit: 504

These are not at all profitable or ROI.

cryptomatt

member

Activity: 85

Merit: 10

FYI everyone. Btcfarm.org has them for $950 with Paypal purchasing. I went ahead and bought one since we're still waiting for confirmations here. I haven't ordered from btcfarm before but I figure with Paypal, I can always put in a complaint and get my $$ back.

allcoinminer

hero member

Activity: 784

Merit: 504

Its $65/gridseed and $940 for Blade(Dual) including shipping.

owenmc60

newbie

Activity: 12

Merit: 0

Quote from: -droid- on May 06, 2014, 04:11:07 PM

Ive purchased from JustAsic before when he first started shipping gridseed rounds and all went without a hitch, hes an honest reseller IMO

Cheers for the heads-up. A couple more positive feedback from customers and I'll be interested.

-droid-

legendary

Activity: 1050

Merit: 1001

Ive purchased from JustAsic before when he first started shipping gridseed rounds and all went without a hitch, hes an honest reseller IMO

owenmc60

newbie

Activity: 12

Merit: 0

Quote from: joeventura on May 06, 2014, 02:07:38 PM

Still looking for signs of anyone successfully purchasing anything from this vendor.

I can't see any signs of life sir!

On a serious note, the prices are almost too good. If we can get some reliable people forward with a testimonial on their experience, I'd be interested in placing some orders!

joeventura

hero member

Activity: 854

Merit: 500

Still looking for signs of anyone successfully purchasing anything from this vendor.

owenmc60

newbie

Activity: 12

Merit: 0

Quote from: cryptomatt on May 05, 2014, 12:48:21 PM

Has anyone ordered from the site and actually got anything?

I'm keen to find out also, very little info about this seller!

cryptomatt

member

Activity: 85

Merit: 10

Quote from: charles2k on May 05, 2014, 04:43:27 PM

Warning - last week I received from one Gridseed distributor all dirty units, full of dust, rust under fan blades, dirty boxes. This offer could be the same.
Be carefull.

That's because gridseed pre mines with their hardware. Most manufacturers do this so you usually are getting used "new" hardware. I've gotten dusty gridseeds and antminers.

charles2k

sr. member

Activity: 326

Merit: 250

Warning - last week I received from one Gridseed distributor all dirty units, full of dust, rust under fan blades, dirty boxes. This offer could be the same.
Be carefull.

cryptomatt

member

Activity: 85

Merit: 10

Has anyone ordered from the site and actually got anything?

Topic: [In Stock] A2 Miner $12000/unit, G-Blade $940/unit, FREE Shipping, no bullshit - page 2. (Read 6379 times)