Author

Topic: Is it worth to buy a 3TH miner (10BTC)? (Read 3739 times)

sr. member
Activity: 294
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
January 16, 2014, 10:36:34 AM
#32
Its even worse when people are reselling them for more than the miner cost itself, and plus, it wont make any profit.

You know the old saying: greed and a poor grasp of basic arithmetic makes people do strange things.

Nice and correct we have to buy and wait ... when i look back feb 2011 1BTC ==1USD and now I just keep silent so be away from Greed and keep your coin
full member
Activity: 174
Merit: 100
January 15, 2014, 11:17:44 PM
#31

If that trend continues however it does add one other factor to consider as to whether it will be worth it to buy now.  Yes prices are high, but look at ebay and look at the prices of the last generation technology miners, they are also very high.  Crazy, impossible to make your money back high.  So consider, will your 3 TH miner still command that kind of price at end of its life?  If it does, you can buy it, make some money with it, then sell it to fund your next gen miner tech when it becomes available.  I'm guessing the time when you could make large sums of money mining are over, but if you lower your expectations and play the game right, you could still be able to make a reasonable return on investment.  No guarantees of course, but it seems for right now there are plenty of people out there willing to pay ridiculous prices for last gen tech.  I'm still bullish on the price of bitcoin increasing too though, so I'd pay with cash instead of bitcoin if you can and keep the bitcoin.  I haven't run all the math out though, and there are so many variables it's probably impossible anyway, you still might be better off just buying bitcoin.


eBay prices don't mean anything unless they're selling, most of that stuff just sits up there waiting for suckers. Based on the difficulty increases we're seeing now I wouldn't bet on new tech being worth much after 1-2 years. I'd look at resale as a way to recoup losses, not as a part of the main profitability equation.

I'm mining Litecoins right now, profits are possible short term and the outlay on equipment (all of which is much more salable than ASICs) is less. The amount of money you have to sink into ASICs to make a profit right now is too much for me to commit to such a risky venture. I'm not saying the potential isn't there, but I'm too risk averse to try. For all we know The bottom could fall out of this tomorrow.
member
Activity: 70
Merit: 10
January 15, 2014, 07:30:33 PM
#30
Its even worse when people are reselling them for more than the miner cost itself, and plus, it wont make any profit.

If that trend continues however it does add one other factor to consider as to whether it will be worth it to buy now.  Yes prices are high, but look at ebay and look at the prices of the last generation technology miners, they are also very high.  Crazy, impossible to make your money back high.  So consider, will your 3 TH miner still command that kind of price at end of its life?  If it does, you can buy it, make some money with it, then sell it to fund your next gen miner tech when it becomes available.  I'm guessing the time when you could make large sums of money mining are over, but if you lower your expectations and play the game right, you could still be able to make a reasonable return on investment.  No guarantees of course, but it seems for right now there are plenty of people out there willing to pay ridiculous prices for last gen tech.  I'm still bullish on the price of bitcoin increasing too though, so I'd pay with cash instead of bitcoin if you can and keep the bitcoin.  I haven't run all the math out though, and there are so many variables it's probably impossible anyway, you still might be better off just buying bitcoin.

Just one other variable to consider.


Korxax


1NtV1q29FtRAYAkMJHMYbASZLiLur2FQe
sr. member
Activity: 441
Merit: 250
January 14, 2014, 03:38:26 AM
#29
Its even worse when people are reselling them for more than the miner cost itself, and plus, it wont make any profit.

You know the old saying: greed and a poor grasp of basic arithmetic makes people do strange things.
full member
Activity: 126
Merit: 100
CAUTION: Angry Man with Attitude.
January 13, 2014, 08:20:39 PM
#28
Its even worse when people are reselling them for more than the miner cost itself, and plus, it wont make any profit.
hero member
Activity: 1036
Merit: 500
January 13, 2014, 02:50:06 PM
#27
BTC and LTC is really low now, time to buy...

I agree. If you look at the mining forecast for 2014, its BRUTAL.

Great time to buy coins and let lunatics do the mining for us as BTC and LTC see huge gains.
sr. member
Activity: 252
Merit: 250
January 13, 2014, 02:33:51 PM
#26
When is the next half in block payout?


3 years
sr. member
Activity: 434
Merit: 250
January 13, 2014, 10:27:42 AM
#25
BTC and LTC is really low now, time to buy...
member
Activity: 110
Merit: 10
January 13, 2014, 10:24:38 AM
#24
When is the next half in block payout?
legendary
Activity: 952
Merit: 1000
January 13, 2014, 09:24:05 AM
#23
I have ~3TH on preorder. Who knows how much it'll be worth when I actually get it, but I can't wait to find out. Wink
full member
Activity: 378
Merit: 100
January 13, 2014, 08:54:41 AM
#22
23k for 4th will be like 5.75 per gh.
I'm sure there are better offers.

If u get it now, example it ships out today or tomorrow after you have made the payment, then yea maybe 23k seems to be a reasonable deal.
newbie
Activity: 16
Merit: 0
January 13, 2014, 08:46:40 AM
#21
10 BTC for 3th/s in this moment is very expensive..
Could you please elaborate? I did some calculations and it seemed just fine
hero member
Activity: 518
Merit: 500
January 11, 2014, 10:42:31 PM
#20
10 BTC for 3th/s in this moment is very expensive..

Says the guy asking $23k/BTC25 for 4 th/s.. Huh Are you trolling or what?

Great research dude Smiley
full member
Activity: 182
Merit: 100
January 11, 2014, 11:53:28 AM
#19
10 BTC for 3th/s in this moment is very expensive..

Says the guy asking $23k/BTC25 for 4 th/s.. Huh Are you trolling or what?
newbie
Activity: 56
Merit: 0
January 11, 2014, 08:50:38 AM
#18
10 BTC for 3th/s in this moment is very expensive..
sr. member
Activity: 441
Merit: 250
January 10, 2014, 03:51:39 PM
#17
It depend on when you get it, if it delays for more than 6 months, it seems not worth for it.

6 months? You are joking right. You wait the next 6 months for any bitcoin mining equipment currently being advertised and you might as well stick in straight in the dumpster when it arrives.

Well, it's easy to see why people will think that, but all is not what it seems. If the difficulty goes up by a factor of 10 by July, then the network will have an extra 120,000 TH on it. That's 40 THOUSAND 3Th boxes, just think about that for a moment. IF, and it's a big if, vendors do manage to get 500TH chips made in volume and, crucially, yielding decently then to manufacture that volume of boxes at 120 die per wafer requires 240,000 chips / 2000 wafers. (or 40 25 wafer batches). That's a close on $40 million investment in chips alone, and for what return?

Well, at that stage a 3TH box will earn around $2500 a month. That's fine if you've paid 2$/GH because you might get to break even in maybe 3 - 4 months. If you paid $3/GH then it might take around 6, depending on how much investment is put into the network after you get your box.

Considering the amount of difficulty rig vendors seem to have getting hundreds of units out of the door (or any at all, in some cases), it will be interesting to see how they fare with large volumes. The real problem lies with the dedicated mining 'companies' who presumably have their own chips, but even they won't be keen on an ROI of possibly less than 50% a year.

Naturally, if your going to spend a good few thousand dollars on a rig, you want some reassurance that you will at least get it back in a reasonable length of time. No one can give you that at present, but if you have modest expectations of profit then the outlook maybe isn't so bad.
hero member
Activity: 518
Merit: 500
January 10, 2014, 08:00:09 AM
#16
guys. seriously. just buy some coins and hoard them. buy after crashes.

You are right but ... some people want to be miners for whatever reason. Altcoins I understand, there is a chance of profit there. Bitcoin? No.

Coin hoarding btc has worked well in the past, but I am not sure of the future.   Do you think alts will go sky high?  I am not questioning you just asking your opinion, as I am undecided.

Just my opinion - altcoins will remain "silver (or bronze)" to bitcoin for the forseable future. No, they won't go sky high, unless bitcoin goes "to da moon"
sr. member
Activity: 252
Merit: 250
January 10, 2014, 07:32:53 AM
#15
guys. seriously. just buy some coins and hoard them. buy after crashes.

You are right but ... some people want to be miners for whatever reason. Altcoins I understand, there is a chance of profit there. Bitcoin? No.

Coin hoarding btc has worked well in the past, but I am not sure of the future.   Do you think alts will go sky high?  I am not questioning you just asking your opinion, as I am undecided.
hero member
Activity: 518
Merit: 500
January 10, 2014, 07:18:26 AM
#14
guys. seriously. just buy some coins and hoard them. buy after crashes.

You are right but ... some people want to be miners for whatever reason. Altcoins I understand, there is a chance of profit there. Bitcoin? No.
sr. member
Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
January 10, 2014, 07:16:44 AM
#13
guys. seriously. just buy some coins and hoard them. buy after crashes.
sr. member
Activity: 252
Merit: 250
January 10, 2014, 06:59:25 AM
#12
Hashfast is in production, Chips in hand running .7th a chip.  I assume here shortly when all the rigs start arriving to the customers difficulty will skyrocket.  Cointerra isn't far behind and hashfast promised march.

I also assume that is why the companies keep changing up hardware.  Rather than continue to sell what they have at a lower price, they let the customers finance the next project that they can make a huge margin on instead of selling the existing hardware at a reasonable profit.
hero member
Activity: 518
Merit: 500
January 10, 2014, 06:54:08 AM
#11
It depend on when you get it, if it delays for more than 6 months, it seems not worth for it.

6 months? You are joking right. You wait the next 6 months for any bitcoin mining equipment currently being advertised and you might as well stick in straight in the dumpster when it arrives.
full member
Activity: 123
Merit: 100
best-miner.com
January 10, 2014, 02:35:42 AM
#10
It depend on when you get it, if it delays for more than 6 months, it seems not worth for it.
hero member
Activity: 518
Merit: 500
January 09, 2014, 10:41:40 PM
#9
Hi All,

I am wondering if it is still profitable to buy a 3TH miner (10BTC) right now, and receive it in two months or so. Looks like there are lots of TH miners already out there. The difficulty could rise rapidly two months later. Thank you for your advice.

Well, a lot of people clearly believe that it is - look at how much money KNC took for their (overpriced) 20nm machine. You can do the sums yourself - just extrapolate the difficulty forward to April, May etc and then you can make your own estimate of profitability. From various figures I've seen, you might just get your money back in 5 - 6 months, after that is anyone's guess.

Of course, there could be a major rise in Bitcoin's value as more and more people adopt it?

This 'advice' really doesn't help you much, does it? Ultimately it's you that has to make the call.

Exactly. It has to be your call. You could lose money (btc), you could gain. Nobody knows ....
sr. member
Activity: 441
Merit: 250
January 09, 2014, 04:50:40 PM
#8
Hi All,

I am wondering if it is still profitable to buy a 3TH miner (10BTC) right now, and receive it in two months or so. Looks like there are lots of TH miners already out there. The difficulty could rise rapidly two months later. Thank you for your advice.

Well, a lot of people clearly believe that it is - look at how much money KNC took for their (overpriced) 20nm machine. You can do the sums yourself - just extrapolate the difficulty forward to April, May etc and then you can make your own estimate of profitability. From various figures I've seen, you might just get your money back in 5 - 6 months, after that is anyone's guess.

Of course, there could be a major rise in Bitcoin's value as more and more people adopt it?

This 'advice' really doesn't help you much, does it? Ultimately it's you that has to make the call.
hero member
Activity: 518
Merit: 500
January 08, 2014, 09:52:18 PM
#7
Hi All,

I am wondering if it is still profitable to buy a 3TH miner (10BTC) right now, and receive it in two months or so. Looks like there are lots of TH miners already out there. The difficulty could rise rapidly two months later. Thank you for your advice.

The difficulty will rise significantly in two months, that's guaranteed. I doubt you will get your BTC back
legendary
Activity: 1974
Merit: 1003
January 08, 2014, 08:49:51 PM
#6
dont do any pre-orders ... stay safe
legendary
Activity: 2786
Merit: 1031
January 08, 2014, 08:45:21 PM
#5
If you receive it until march 1st it's quite profitable, but yes, it only takes one month delay to be a huge loss.

http://mining.thegenesisblock.com/a/68a8fc03e4
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
January 08, 2014, 03:49:00 PM
#4
Thank you guys. I just had a rough check in http://bitcoinwisdom.com/bitcoin/calculator; it is completely nonprofitable unless the machine arrives in a month.
member
Activity: 110
Merit: 10
January 08, 2014, 03:19:23 PM
#3
I think, in 2 months, there are going to be so many 2-3 TH/s units out there that the difficulty is going to be so high, that it's not going to be as profitable as you think. Just need to think how long it's going to take to get a ROI.
full member
Activity: 171
Merit: 100
January 08, 2014, 01:56:43 PM
#2
IF you got it in 2 months it probably means all the other big hardware will also be out there hashing away also. I think it would NOT be worth it.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
January 08, 2014, 12:29:46 PM
#1
Hi All,

I am wondering if it is still profitable to buy a 3TH miner (10BTC) right now, and receive it in two months or so. Looks like there are lots of TH miners already out there. The difficulty could rise rapidly two months later. Thank you for your advice.
Jump to: