Topic: Is it possible to realistically break even mining anymore? - page 3. (Read 13052 times)

The higher the risk with the company (the greater the promise, the shorter the alleged delivery time, lack of demonstration of real hardware, the more unknown the company etc..) the greater the potential profit (along with the greater the risk of loss or being outright scammed). At the other extreme, the lower the risk, the less you can make, right down to a point where you may not even pay off the device (eg. asicminer block eruptors).

Of course it is possible to make money. The KNC units delivered in October-November should make money -- for a while.

The Terra-hash will become the new starter unit and hashing (and gnashing -- of teeth) will go on. (Edit: For clarity, By January 2014 is my best estimate when the Thash will become the new starter unit.)


Life goes on -- as will mining -- and even BitCoin mining.

hth

The most readily available ASIC is the Block Erupter USB which hashes @ 336MH/s. I paid BTC 2.6 each, but now you can get them for BTC 0.55 each. It's a much better deal, but you might still have trouble making ROI.

Check out my case study here: https://bitcointalksearch.org/topic/a-case-study-in-entry-level-mining-224015

Pre-ordering a new miner by paying BTC/USD today for a miner which will likely not be delivered for 3-4 months?  No.
If you could get a unit delivered today (I mean in your hands hashing within hours of payment)?  Maybe it really depends on the price.

However that has been true for a long time and it hasn't stopped millions of dollars in pre-orders which probably will never has a positive return.  Pretty much any BFL pre-order from 2013 was dead money they day it was paid.

Remember a pre-order today puts you at the back of the line for the company you are ordering from.  Say you bought pre-ordered a BFL Single today and they promise delivery in 2 months.  Now lets pretend they magically deliver it in 2 weeks.  You are still fucked.  Why?  Because if you get YOUR order (pre-order #38,278) that means every prior order has also shipped ahead of you.  The difficulty skyrockets before you get your unit regardless if you get it in 2 weeks or 2 months.  Today many are simply holding out hope they will magically get their unit before difficulty goes up but it is a mathematical impossibility that "most" miners will get their units before difficulty goes up because the more miners who receive their units the higher difficulty will go.  Wait until December you are going to see the forums light up with FUD, doom & gloom, rants, threats, etc.   Until the difficulty actually goes up people can hold out hope (delusion), that it will go up slower that other predict and they will be massively profitable, once difficulty has ALREADY gone up and you can calculate a very firm negative ROI% form day 0 even assuming difficulty is flat then it becomes crystal clear and the hope vanishes.   It is going to be insane on these forums around December.

With all the difficulty increase, is it possible to even break even when buying miners anymore?