Topic: is SHA-256 worth mineing (Read 1023 times)

Personally I've been averaging a little over .02 BTC a day on BTCGuild on my 200GH/s miner.  Sometimes Bitcoin isn't the most profitable coin at the moment, so I'll pool jump and mine one of the other Alts for like a day then go back to BTCGuild.  I should be getting more GH/s in the next few weeks, so what I'll probably do is keep one miner on the Alts or Multipool, then keep the majority of the Hashpower on the BTC pool.  A little hedge as well as slow and steady play.  YMMV though.

Either way, good luck in your mining operation!  

Iam not looking to be a millionare lol. just looking for extra "beer money"... lol.
Power is not an issue for me so i wanna get the machine working at its peak and makeing a return that is worthy of running it, i know ROI on 1k will take over a month if not alittle longer, with plans to invest in more machines until i get atleast 1Ths. thats my aim iam just unsure of the plasuable $$$ returns given the current market trends as i have been watching over the past few weeks and the numbers have been dropping pretty heavily, mainly due to the value of BTC crashing thanks to Mtgox.....
Not to mention ASIC miners look alittle better then scrypt GPu rigs atm, especially with the current build vs power prices, as well as impending scrypt ASICs only around the corner.

On a rough calculation, 200Ghs at 400w vs 3100khs which is what i currently run at close to 1700w "approx". and the 200gh's makes just that little bit more then a scrypt rig, also compareable in price, 200ghs 1k value, 3100khs close to 2500 to build.

This is not a simple question to answer and I've tried to answer it myself with several of my friends who see me mining. Your 200GH machine will mine SHA-256 obviously and will make you some of the coins. I guess the easiest response to your question would be you will not get a fast return on your investment no matter what you paid for the machine. It will take time but there's several factors that have to be considered to determine the amount of return you get.

1. Which pool do you join? A 200GH machine is worthless solo mining so you will have to join a pool. Join a large pool because they have better luck submitting blocks and getting the rewards but you will share a larger piece of your pie and get less of the reward when it comes. Join a smaller pool to get a larger piece of the reward but loose the amount of frequent rewards paid do to the over all pool speed and luck.

2. What was your original cost of the machine and what do you expect back from it? This is a factor only you can decide. For example and simple person could be happy with simply getting the original machine cost paid for including electric cost and making just $5 dollars a day and another could expect a lot more.

Either way your 200GH machine will produce coins but it will not make you a Millionaire. Like any business venture you'd have to re-invest some if not most your income off that machine to see a good income rolling in from mining.

ty Chunkbuck, any idea what i could roughly expect btc per day wise, weather by mining btc directly or by useing multipools which looks like the better option atm.
i generally avoid coinwarz for mining directly as those coins are usualy hit by multipools once they are profitable to mine, much like scrypt etc.

Sure, you can point your miner at whatever the most profitable coin is on coinwarz.com.  Sometimes mining the alts then trading to BTC is the way to go, because you can get so much more coins easily.

If you're looking for just steady payouts mining BTC, go to Eligius or BTCGuild.

Iam looking at getting a 200ghs miner shortly, and was wondering if it was even worth buying. i know i have missed the BTC train, how ever there are multipools for the many different SHA alt coins. what could i roughly expect from a 200ghs miner per 24 hours roughly? been debateing my decisions over the past few days and cant come to a final conclusion and would like some input from the community.