Author

Topic: KNC Miner Neptune (Read 1392 times)

sr. member
Activity: 382
Merit: 256
February 09, 2014, 06:37:48 AM
#8
Thanks all for the responses, seems like it's not worth mining, unless BTC shoots up considerably in value.  I will look into the groupbuy section.  Thanks.
hero member
Activity: 882
Merit: 1003
February 08, 2014, 07:19:45 AM
#7
Hi, I'm new to mining, and had some money in the bank that isn't earning much interest.  I am going to purchase the Neptune second batch for $9,995.  Is this a worthwhile investment?  My electricity costs are $0.25 per Kwh.

I understand that the Neptune will mine at between 3,000 - 4,800 Giga Hashes per hour.

I've used BTC calculators on the web, that show break even point after 5 days, then the rest is profit after energy costs.  I understand that difficulty will increase in the future, but not sure how much that will impact earnings, but the Neptune should be somewhat futureproof with it's proposed hashrate.

I think you should not buy miners now, the new generation is coming.

Maybe visit group buy section here you can find some interesting posts

By the time the new generation comes out difficulty will be 10x harder.  Will need to do 30TH what something today does 1.5 TH and wafer size will be constrained to 20-28 nm
newbie
Activity: 56
Merit: 0
February 08, 2014, 07:11:15 AM
#6
Hi, I'm new to mining, and had some money in the bank that isn't earning much interest.  I am going to purchase the Neptune second batch for $9,995.  Is this a worthwhile investment?  My electricity costs are $0.25 per Kwh.

I understand that the Neptune will mine at between 3,000 - 4,800 Giga Hashes per hour.

I've used BTC calculators on the web, that show break even point after 5 days, then the rest is profit after energy costs.  I understand that difficulty will increase in the future, but not sure how much that will impact earnings, but the Neptune should be somewhat futureproof with it's proposed hashrate.

I think you should not buy miners now, the new generation is coming.

Maybe visit group buy section here you can find some interesting posts
hero member
Activity: 882
Merit: 1003
February 08, 2014, 04:00:40 AM
#5
Hi, I'm new to mining, and had some money in the bank that isn't earning much interest.  I am going to purchase the Neptune second batch for $9,995.  Is this a worthwhile investment?  My electricity costs are $0.25 per Kwh.

I understand that the Neptune will mine at between 3,000 - 4,800 Giga Hashes per hour.

I've used BTC calculators on the web, that show break even point after 5 days, then the rest is profit after energy costs.  I understand that difficulty will increase in the future, but not sure how much that will impact earnings, but the Neptune should be somewhat futureproof with it's proposed hashrate.

The Neptune is behind schedule.  By May the difficulty will be much higher than now.  Make a sample  difficulty equation where the network increase like 20% every 11 days and by May see what the diff level would be.    Then plug in what 3TH  machine will be making by then.
member
Activity: 102
Merit: 10
February 08, 2014, 03:14:59 AM
#4
At 3K TH mining bitcoins, you'll make it back in like 25-30 days, and that's if you had it right NOW.
You probably won't be getting yourself a Neptune until at least May... by that time the difficulty would probably have risen 16+ times.
So you probably won't ever make back what you put in - maybe if you mined some and resold you could make some profit... barely.
16x times? Please enlighten us..
member
Activity: 84
Merit: 10
February 08, 2014, 02:30:02 AM
#3
At 3K TH mining bitcoins, you'll make it back in like 25-30 days, and that's if you had it right NOW.
You probably won't be getting yourself a Neptune until at least May... by that time the difficulty would probably have risen 16+ times.
So you probably won't ever make back what you put in - maybe if you mined some and resold you could make some profit... barely.
member
Activity: 110
Merit: 10
February 07, 2014, 10:07:53 PM
#2
sr. member
Activity: 382
Merit: 256
February 07, 2014, 09:39:38 AM
#1
Hi, I'm new to mining, and had some money in the bank that isn't earning much interest.  I am going to purchase the Neptune second batch for $9,995.  Is this a worthwhile investment?  My electricity costs are $0.25 per Kwh.

I understand that the Neptune will mine at between 3,000 - 4,800 Giga Hashes per hour.

I've used BTC calculators on the web, that show break even point after 5 days, then the rest is profit after energy costs.  I understand that difficulty will increase in the future, but not sure how much that will impact earnings, but the Neptune should be somewhat futureproof with it's proposed hashrate.
Jump to: