Is this worth it for a new miner? | Bitcointalksearch.org

ALToids

hero member

Activity: 519

Merit: 500

Quote from: Bitcoiner4rm2100 on June 22, 2014, 12:45:35 PM

I been looking at getting into mining as a hobby, yes hobby. I do not want to sink a ton of money in it. But I would like to make a couple of bitcents just in case it "goes to the moon" lmfao

I was looking at a couple of products online I kinda like the antminer what do you guys think for a hobby miner?

Is this ad legit its from amazon, is that a good price? I do not trust reviews due to what I have read about BFL

BFL is to be avoided like the plague that it is.

Do you know you can buy coins instead of mining them? Coinbase is pretty easy to use.

If you want to just get into mining as a hobby for curiosity then buy a R-Box - probably the best small device and relatively current. For best use of your money just buy coins directly.

Kimowa

sr. member

Activity: 448

Merit: 250

Quote from: Bitcoiner4rm2100 on June 22, 2014, 12:45:35 PM

I been looking at getting into mining as a hobby, yes hobby. I do not want to sink a ton of money in it. But I would like to make a couple of bitcents just in case it "goes to the moon" lmfao

I was looking at a couple of products online I kinda like the antminer what do you guys think for a hobby miner?

Is this ad legit its from amazon, is that a good price? I do not trust reviews due to what I have read about BFL

The ad from amazon is legit, but it is way too expansive for the speed and you are guaranteed not to ROI.

philipma1957

legendary

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Merit: 8551

'The right to privacy matters'

Quote from: Bitcoiner4rm2100 on June 22, 2014, 12:45:35 PM

I been looking at getting into mining as a hobby, yes hobby. I do not want to sink a ton of money in it. But I would like to make a couple of bitcents just in case it "goes to the moon" lmfao

I was looking at a couple of products online I kinda like the antminer what do you guys think for a hobby miner?

Is this ad legit its from amazon, is that a good price? I do not trust reviews due to what I have read about BFL

I have one left I can sell it to you for 10 bucks. It is only worth 10 dollars as a teaching tool. Or as a so called cheap lottery ticket as you could run it in a solo mining pool and win 15000 usd in btc. odds are very low you win, under 1 chance in 40,000 if you mine there for a day with one stick.

http://bitsolo.net/

they claim they had a winner a day or two ago.

cryptnutter

member

Activity: 70

Merit: 10

I have been researching this myself and my conclusion is that you are much better off just buying coins outright. Too many variables with mining, and all indications are that it will not end up being profitable (or at least certainly no more profitable than just buying coins outright).

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

I myself have a couple of S1's running. They are highly reliable and relatively easy to setup. What the fella above mentions is true about being "better off" just purchasing some coins if your trying to make any real money but technically speaking you could earn a couple of cent's off a usb nanofury once your grand children have children and they too get old :p

Kidding aside, without overclocking you'll earn a little over half a bit penny per day at 180GH. ~0.0065/day, and this next difficulty jump is a big one.

trand

full member

Activity: 252

Merit: 100

Streamity Decentralized cryptocurrency exchange

for now need long time to get your ROI but if you can invest more money to buy more HW miner maybe you can
but still remember bitcoin difficult always increase everyday so you must calculate any possible to get your ROI

lowbander80

legendary

Activity: 1036

Merit: 1000

Get something more powerfull
if you want it just for fun use your cpu

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

If your goal is to have a few bitcents in case it 'goes to the moon' - you'd be better off buying some. Check the StickMiners thread in my sig for an overview of these types of miners and some information on ROI (tl;dr: no net positive financial ROI).
For this specific one: the last regular retail price I saw for an Antminer U2 was ~$12, so I'd say "no".

Use the search function to find discussion on which miner(s) to buy if you wanted to mine more seriously; it's not for the faint of heart.

Bitcoiner4rm2100

newbie

Activity: 3

Merit: 0

I been looking at getting into mining as a hobby, yes hobby. I do not want to sink a ton of money in it. But I would like to make a couple of bitcents just in case it "goes to the moon" lmfao

I was looking at a couple of products online I kinda like the antminer what do you guys think for a hobby miner?

Is this ad legit its from amazon, is that a good price? I do not trust reviews due to what I have read about BFL
http://ecx.images-amazon.com/images/I/419YWrqMi-L._SL110_.jpg

Topic: Is this worth it for a new miner? (Read 1051 times)