Topic: Is it worth to buy a 5.6 MH/s Scrypt miner? - page 2. (Read 3839 times)
$400 is definitely too much. Look for another hardware or virtual mining/contract. Or spend your money for something else.
you'd better not buy any hash now days
it's Profit is small and even at a loss
it's Profit is small and even at a loss
Its not worth it. You will make $0.50 a day if you have free power. Even at $400 you would never ROI.
Stay away
Stay away
I agree with this. It really isn't profitable to mine coins in the current market condition.
Right now, at retail prices for hardware, mining isn't really very worthwhile. You would never see that hardware earn $400 on almost ANY coin, to pay for itself. Most hobbyists do it for fun, or they have a situation where they get free power and don't have to worry about expenses, beyond the cost of the hardware. But for everyone else, it has grown increasingly unprofitable. Hardware manufacturers, in my opinion, are gouging retail miners with their prices. So are most cloud mining services. Unless the coin price switches into a STRONG bull run and explodes upward (unlikely right now) my mining is more or less on hold, until prices of both hardware and coin come into a more copacetic relationship.
I'm taking the money I would have spent on hardware and putting it in coin to sit on, in the meantime.
I'm taking the money I would have spent on hardware and putting it in coin to sit on, in the meantime.
That's what I thought. So I think I'm going to simply hold Bitcoins while the prices are low and sell them when they are high. It's a good step to get a lot of money, right?
Right now, at retail prices for hardware, mining isn't really very worthwhile. You would never see that hardware earn $400 on almost ANY coin, to pay for itself. Most hobbyists do it for fun, or they have a situation where they get free power and don't have to worry about expenses, beyond the cost of the hardware. But for everyone else, it has grown increasingly unprofitable. Hardware manufacturers, in my opinion, are gouging retail miners with their prices. So are most cloud mining services. Unless the coin price switches into a STRONG bull run and explodes upward (unlikely right now) my mining is more or less on hold, until prices of both hardware and coin come into a more copacetic relationship.
I'm taking the money I would have spent on hardware and putting it in coin to sit on, in the meantime.
I'm taking the money I would have spent on hardware and putting it in coin to sit on, in the meantime.
It is not worth it.
Its not worth it. You will make $0.50 a day if you have free power. Even at $400 you would never ROI.
Stay away
Stay away
Each one of these is 1MH/s of scrypt and they are lifetime contracts 
How many said something similar about GOX ? lol..
We're supposed to free ourselves from 3rd party intervention. NOT the other way around.
I would say it's not worth it, 5.6 MH/s Scrypt hash power is just too little nowadays. You be better off using the $400 to buy some Hashlets (virtual miners) from GAW. If you're lucky you could get maybe 9 or 10 Prime Hashlets from the Hashmarket with your money. Each one of these is 1MH/s of scrypt and they are lifetime contracts
But is not too risky to invest our money in a company which we don't even know where it is located? I mean, Zen is not the same Company as Gaw miners, right? And hey american friends, have you ever seen personally Gaw Miners ultimately? Because I noticed in their website that even their certification does not show from where the company is anymore (before, it showed it is/was from Connecticut). It's now shown "this site does not provide identity information". The same as in ZenPortal...
I would say it's not worth it, 5.6 MH/s Scrypt hash power is just too little nowadays. You be better off using the $400 to buy some Hashlets (virtual miners) from GAW. If you're lucky you could get maybe 9 or 10 Prime Hashlets from the Hashmarket with your money. Each one of these is 1MH/s of scrypt and they are lifetime contracts
But I don't live in USA. So I'd have to pay for importation, which is not cheap. In fact, it makes any bought overseas ASIC expensive.
Is mining worth actually? I would buy a scrypt miner (5.6 MH/s), but I just gave up when I saw Lottocoins costs 0.00000056 LTC (I was about to get one miner, until I saw it was showing in LTC, not BTC).
Is mining worth actually? I would buy a scrypt miner (5.6 MH/s), but I just gave up when I saw Lottocoins costs 0.00000056 LTC (I was about to get one miner, until I saw it was showing in LTC, not BTC).
Are you from Europe? If yes, check eBay. Got some Zeus Blizzard 3.6 MH/s for around 110 EUR each. Using a multipool with merge mining (Doge, uLTC, Sys, PTC) and some good coins will bring you approx. get 0.0002-0.0003 BTC/MH/Day. ROI within 100 days might be possible (in case BTC price will remain at around $400).
Interesting pools:
https://www.ipominer.com/
http://hash-to-coins.com/
https://coinking.io/
https://give-me-coins.com
https://www.litecoinpool.org/ (LTC pool paying PPS)
http://www.coinmine.pw
Hi,
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
400 usd is far too high a price
http://zoomhash.com/collections/asics/products/copy-of-plug-and-play-230-250mhs-5000w-scrypt-asic-package-domestic-usa-only-ships-from-los-angeles
i had some of the above decent gear
the cost is 289 + 60 to ship to New Jersey from west coast. you pay 350 usd use paypal to pay and get 23mh
it uses under 500 watts.
Way to high for my top of line A2 30 MHz mini (uses 330 watts). I sold last week for around 475 including shipping. You can get the 1k for 30 MHz even cheaper. But I would warn at this point 30 MHz using 1000 watts is getting closer and closer to end of it's mining life unless you don't pay electricity.
But I don't live in USA. So I'd have to pay for importation, which is not cheap. In fact, it makes any bought overseas ASIC expensive.
Is mining worth actually? I would buy a scrypt miner (5.6 MH/s), but I just gave up when I saw Lottocoins costs 0.00000056 LTC (I was about to get one miner, until I saw it was showing in LTC, not BTC).
Is mining worth actually? I would buy a scrypt miner (5.6 MH/s), but I just gave up when I saw Lottocoins costs 0.00000056 LTC (I was about to get one miner, until I saw it was showing in LTC, not BTC).
Hi,
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
400 usd is far too high a price
http://zoomhash.com/collections/asics/products/copy-of-plug-and-play-230-250mhs-5000w-scrypt-asic-package-domestic-usa-only-ships-from-los-angeles
i had some of the above decent gear
the cost is 289 + 60 to ship to New Jersey from west coast. you pay 350 usd use paypal to pay and get 23mh
it uses under 500 watts.
Hi,
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
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