Is mining still viable? Help me get started

notlist3d

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Quote from: Amph on December 15, 2015, 02:33:46 AM

Quote from: asidamani on December 14, 2015, 06:43:02 AM

If your electricity is higher than $0.2/kWh, do not mine. You will lose money soon as the difficulty rises quickly. It is better to buy bitcoin directly and hold for long term.

a single s7 is doing $420 per month while consuming only $45 per month, with 0.05 in electricity, so even at 0.3(would be 6x45=$270 in consumption) you are still in, but the roi will take more time

this is thanks to the recent pump, so the diff does not really matter if you have a pump like this, that pump basically put us in a better position, than we were when the s7 was launched

It kinda depends on if they paid in BTC us USD. If they paid at BTC value 230 we had forever they chances are sick when looking at today's price and btc value.

If they paid in USD then they were not effected by that, and have had extra time mining at lower difficulties. Few fall in this category I do agree most fall in one you mentioned.

Amph

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Quote from: asidamani on December 14, 2015, 06:43:02 AM

If your electricity is higher than $0.2/kWh, do not mine. You will lose money soon as the difficulty rises quickly. It is better to buy bitcoin directly and hold for long term.

a single s7 is doing $420 per month while consuming only $45 per month, with 0.05 in electricity, so even at 0.3(would be 6x45=$270 in consumption) you are still in, but the roi will take more time

this is thanks to the recent pump, so the diff does not really matter if you have a pump like this, that pump basically put us in a better position, than we were when the s7 was launched

asidamani

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If your electricity is higher than $0.2/kWh, do not mine. You will lose money soon as the difficulty rises quickly. It is better to buy bitcoin directly and hold for long term.

Amph

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Quote from: Hannu on December 12, 2015, 06:40:29 PM

Quote from: Nemesis205bw on December 12, 2015, 06:47:28 AM

I have 200$ to invest, how much would I earn from it?

No its not...AntMiner is good opinion for mining...

I recommend to buy bitcoins and invest it somewhere?

https://bitmaintech.com/product.htm

every investment you can do now, it's a scam practically, i can't find anything sustainable to put my btc there

the only thing would be lending bitcoin, or trading, the first seems that there is not enough demand here, for higher account, and trading you know it's risky

notlist3d

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Quote from: Hannu on December 12, 2015, 06:40:29 PM

Quote from: Nemesis205bw on December 12, 2015, 06:47:28 AM

I have 200$ to invest, how much would I earn from it?

No its not...AntMiner is good opinion for mining...

I recommend to buy bitcoins and invest it somewhere?

https://bitmaintech.com/product.htm

He mentioned 200 dollars so nothing new on miners link there wont do him much good. He needs to do ROI before jumping into mining.

But 200 is in the used area he could still get a antminer S3 or something. But not a S7 for that price.

Hannu

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Quote from: Nemesis205bw on December 12, 2015, 06:47:28 AM

I have 200$ to invest, how much would I earn from it?

No its not...AntMiner is good opinion for mining...

I recommend to buy bitcoins and invest it somewhere?

https://bitmaintech.com/product.htm

notlist3d

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Quote from: HarryKPeters on December 12, 2015, 06:01:04 PM

I think 350-380 is going to happen, within this year even.
The sudden rise to 420 makes, like most other rises, no sense. It's just manipulation happening and no I don't think it is permanent.

We can speculate all day long and we can not be sure. But even after a drop we stayed above 400. Some think that some was removed for Christmas... which makes sense some needing extra cash for holidays. But they should have already done it or soon most likely on that.

I think 400ish + is here to stay with difficulty changes we are getting. But I could be wrong.

HarryKPeters

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I think 350-380 is going to happen, within this year even.
The sudden rise to 420 makes, like most other rises, no sense. It's just manipulation happening and no I don't think it is permanent.

notlist3d

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Quote from: MaritiJames3 on December 12, 2015, 04:18:29 PM

Listen right now it would not be smart to buy some equipment. The difficulty is going insane. You should either buy some bitcons when they are back at 350 or wait and buy the next generation asics. This moment your can only profit for a few months, then your asics won't generate a lot, unless you've got free electricy offcourse.

Going back to 350 might not happen. Difficulty has risen to a point where I don't think a drop like that is happening soon.

If anything I see it going up if it follows difficulty. And difficulty is scary this period... so we will see what happens.

MaritiJames3

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Listen right now it would not be smart to buy some equipment. The difficulty is going insane. You should either buy some bitcons when they are back at 350 or wait and buy the next generation asics. This moment your can only profit for a few months, then your asics won't generate a lot, unless you've got free electricy offcourse.

notlist3d

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Quote from: Atomicat on December 12, 2015, 01:56:06 PM

Quote from: MRKLYE on December 12, 2015, 11:22:21 AM

Quote from: Nemesis205bw on December 12, 2015, 06:47:28 AM

I have 200$ to invest, how much would I earn from it?

Honestly man I'd just avoid the mining game altogether. Even with free electricity it's noisey, hot , loud and generally shit.
You also have to take bandwidth into consideration and $200 worth of mining gear isn't going to get you very far.
However.. If you are hell bent on mining I would suggest maybe cloudmining on eobot.
Its a cloud mining website that allows you to mine any listed crypto with your GH/s

You can see my profile here: https://www.eobot.com/user/300972

It makes Free doges for me every day which I use to buy more GH/S Increasing profits!

I would suggest to stay away from cloud mining providers. Most of them have proven to be ponzi schemes.

Currently buying bitcoins and holding onto it is more profitable than mining.

eobot is not one I would invest with. Look and see if companies have hardware. If you cant find a vouch, or them being tied to a hardware maker something is off chances are.

Sadly a lot of cloud mining is scam. So you must put in a good amount of research.

Atomicat

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Quote from: MRKLYE on December 12, 2015, 11:22:21 AM

Quote from: Nemesis205bw on December 12, 2015, 06:47:28 AM

I have 200$ to invest, how much would I earn from it?

Honestly man I'd just avoid the mining game altogether. Even with free electricity it's noisey, hot , loud and generally shit.
You also have to take bandwidth into consideration and $200 worth of mining gear isn't going to get you very far.
However.. If you are hell bent on mining I would suggest maybe cloudmining on eobot.
Its a cloud mining website that allows you to mine any listed crypto with your GH/s

You can see my profile here: https://www.eobot.com/user/300972

It makes Free doges for me every day which I use to buy more GH/S Increasing profits!

I would suggest to stay away from cloud mining providers. Most of them have proven to be ponzi schemes.

Currently buying bitcoins and holding onto it is more profitable than mining.

MRKLYE

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Quote from: Nemesis205bw on December 12, 2015, 06:47:28 AM

I have 200$ to invest, how much would I earn from it?

Honestly man I'd just avoid the mining game altogether. Even with free electricity it's noisey, hot , loud and generally shit.
You also have to take bandwidth into consideration and $200 worth of mining gear isn't going to get you very far.
However.. If you are hell bent on mining I would suggest maybe cloudmining on eobot.
Its a cloud mining website that allows you to mine any listed crypto with your GH/s

You can see my profile here: https://www.eobot.com/user/300972

It makes Free doges for me every day which I use to buy more GH/S Increasing profits!

notlist3d

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Activity: 1456

Merit: 1000

Quote from: Nemesis205bw on December 12, 2015, 06:47:28 AM

I have 200$ to invest, how much would I earn from it?

What is your electricity price? This will be a big factor. You need "free" or cheap to make 200 dollar area work.

200 is not very big for new gear, so used is only choice. So you need electricity price where used gear can be used.

jonnybravo0311

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Some number between negative infinity and positive infinity Tongue

.

In all seriousness, you need to provide a whole lot more information than you did for anybody to be able to provide you with some semblance of a reasonable guess. However, at the end of the day, even if you provided us with every minute detail, that's all the answer would ever be: a guess. Nobody can predict the future.

Nemesis205bw

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I have 200$ to invest, how much would I earn from it?

Topic: Is mining still viable? Help me get started (Read 876 times)