Lets Talk Difficulty | Mining in 2014?

SirGeekalot

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Quote from: grippy54 on March 09, 2014, 08:39:22 AM

Quote from: Starscream on March 08, 2014, 11:34:23 PM

The only legit ASICs out there right now are Gridseed and they offer better KH/w at the expense of worse KH/$.

The ROI for gridseed ASICs isn't there yet. They're going for $300 for 300-400khs. An R9 290 goes for under $600 and delivers over 800khs.

Would the advantage for them be on wattage or that you can gain some efficiency by chaining 20+ of them to a single rig?

That's their only advantage. They are so much cheaper to run making them nearly 40% more profitable.

Starscream

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Quote from: grippy54 on March 09, 2014, 08:39:22 AM

Quote from: Starscream on March 08, 2014, 11:34:23 PM

The only legit ASICs out there right now are Gridseed and they offer better KH/w at the expense of worse KH/$.

The ROI for gridseed ASICs isn't there yet. They're going for $300 for 300-400khs. An R9 290 goes for under $600 and delivers over 800khs.

Would the advantage for them be on wattage or that you can gain some efficiency by chaining 20+ of them to a single rig?

There's no added efficiency if you chain them together. The only advantage they offer right now is power consumption, which would be something to consider if you're living in an environment with limited electricity - that way you can get more KH for your W. But as you said, the ROI isn't there yet and in cryptocurrency, investing in hardware with long ROI is suicide.

grippy54

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Quote from: Starscream on March 08, 2014, 11:34:23 PM

The only legit ASICs out there right now are Gridseed and they offer better KH/w at the expense of worse KH/$.

The ROI for gridseed ASICs isn't there yet. They're going for $300 for 300-400khs. An R9 290 goes for under $600 and delivers over 800khs.

Would the advantage for them be on wattage or that you can gain some efficiency by chaining 20+ of them to a single rig?

grippy54

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Quote from: spiderdk on March 08, 2014, 11:25:22 PM

i did invest some 2 months ago and so far i got 15% of it.

15% in 2 months? At that rate, it would take you over 13 months to make you full investment back. That's not good.

Starscream

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Quote from: NameTaken on March 08, 2014, 02:13:04 PM

For $15,000 you can buy 7 of these for 70MH/s or one of these for 100MH/s.

Lol. Both of these websites are most certainly a scam, especially the latter, which was infamous in the BTC ASIC scene for scamming a lot of people.

The only legit ASICs out there right now are Gridseed and they offer better KH/w at the expense of worse KH/$.

spiderdk

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How much do you pay per KWh?

Building with GPU you can always resell the hardware on the market for some value.

I am not sure if I would invest that money today, i did invest some 2 months ago and so far i got 15% of it.

What you would exactly build?

grippy54

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Those FPGA and ASIC miners are not available and may not even be on the dates they claim.

At today's #'s you'll recoup your $15k investment in 5-6 months. If things go to hell before then, you can liquidate your hardware to hopefully make up the difference.

I say go for it. Buy some high-end stuff like R9 290's or 290x's so it maintains resale value longer.

Miners are both entrepreneurs and speculators... neither of which are safe or give a guaranteed return. Take a chance if you've got the nerve.

XbladeX

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Quote from: NameTaken on March 08, 2014, 02:27:44 PM

Quote from: gilad215 on March 08, 2014, 02:25:50 PM

Quote from: NameTaken on March 08, 2014, 02:13:04 PM

For $15,000 you can buy 7 of these for 70MH/s or one of these for 100MH/s.

is their miner ready for shipping? cause this is crazy!

what do you say about gpu mining? i can buy something like 20MH/s with this money.

The only ASICs available now are rudimentary ones from Gridseed.

http://www.digitaltrends.com/computing/amd-reveals-279-radeon-r9-280-graphics-card-week/

And that with preorder ASICs usualy come when profit is so low...

NameTaken

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Quote from: gilad215 on March 08, 2014, 02:25:50 PM

Quote from: NameTaken on March 08, 2014, 02:13:04 PM

For $15,000 you can buy 7 of these for 70MH/s or one of these for 100MH/s.

is their miner ready for shipping? cause this is crazy!

what do you say about gpu mining? i can buy something like 20MH/s with this money.

The only ASICs available now are rudimentary ones from Gridseed.

http://www.digitaltrends.com/computing/amd-reveals-279-radeon-r9-280-graphics-card-week/

gilad215

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Quote from: NameTaken on March 08, 2014, 02:13:04 PM

For $15,000 you can buy 7 of these for 70MH/s or one of these for 100MH/s.

is their miner ready for shipping? cause this is crazy!

what do you say about gpu mining? i can buy something like 20MH/s with this money.

NameTaken

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Activity: 630

Merit: 502

For $15,000 you can buy 7 of these for 70MH/s or one of these for 100MH/s.

gilad215

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Hello everyone.

Really need some strong minds here for discussion. i'm planning on investing 15,000$ in mining next week, and i really need some advice.

right now i have mining rigs that brings 3.5MH/s.
1st Feb it gave me 0.03BTC a day which was satisfaying.
1st March it gave me 0.018BTC a day. a bit more than half.

i really want to understand, does the difficulty has everything to do with it? is this why new cryptocoins are being created? will the difficulty grow like this every month?
is there anypoint or potential in my invesment? because yesterday i was sure i'm going for it and now i'm not.
i want to know if i can at least return my invesment, this is so confusing.

Would you invest 15,000$ in Mining in 2014?

Topic: Lets Talk Difficulty | Mining in 2014? (Read 740 times)