Assuming that you get this in 2 weeks, and guessing that difficulty goes up another 20% then, (guessing around 1.2Billion difficulty), and IF difficulty does NOT go up again (which it will in 2 weeks), it would take you 127 days to break even, also assuming that the value of Bitcoin stays at $1000.
So, if you know what the price of BTC will do over the next 4 months, and what difficulty will do over the next 4 months, and how long it will actually take you to get this rig, I would think this is a very risky investment and pretty late in the game.
I would look at a 2TH or 3TH rig from black arrow or Cointerra, or the KNC miner, most will be Q1 or Q2, but are priced MUCH better than this. I would pass personally.
So, if you know what the price of BTC will do over the next 4 months, and what difficulty will do over the next 4 months, and how long it will actually take you to get this rig, I would think this is a very risky investment and pretty late in the game.
I would look at a 2TH or 3TH rig from black arrow or Cointerra, or the KNC miner, most will be Q1 or Q2, but are priced MUCH better than this. I would pass personally.
Big thanks man.
The Cointerra for $5k is better than the one I linked? How come it's so much cheaper?
And while I have you on the thread, how long would it take for the Cointerra to pay for itself?
I know I might sound like a retard for wanting to buy this kind of stuff without any knowledge whatsoever. Reason being is that I'm working basically 24/7 and just got into bitcoins which I find pretty damn interesting. So since I work so much I have quite a bit of money but no hobbies, so why not let bitcoins be my hobby.
Never buy anything from Butterfly Labs. They are the biggest scam in the bitcoin world. I like KNC personally. THey always deliver more power than promised.