Miner with 38GH/S | Bitcointalksearch.org

Adrian-x

legendary

Activity: 1372

Merit: 1000

Quote from: Tany3450 on December 07, 2014, 12:32:42 PM

Hi. Please consider a miner with 38GH/S hash speed.

How long does it take to get 100$ from mining ? With 7/24 working. Assume electricty is free.

Difficulty is dropping and I think it's safe to assume it isn't going to keep trending up at 10-15% per month untill gen 3 and 4 asic's come online. So 4 - 6 months before we see difficulty growth if the price stays where it is.

That said you are better off buying new asic's than second hand ones.

Check out this calculator play with it untill you understand all variables. Put in you estimate for Bitcoin difficulty adjustments try 0 if you think it will go down.

https://bitcoinwisdom.com/bitcoin/calculator

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: MrGreenHat on December 07, 2014, 08:48:47 PM

Quote from: alexrossi on December 07, 2014, 03:48:35 PM

With this hashing power the only funny thing that you can make it's using it as a lottery ticket for solo mining (you will need to run also a full node)

Or you could just mine in one of the many solo mining pools offered by Ck, and others.

Speaking of BTC lotto ticket the easy, like MrGreenhat mentioned, point your 38 GH/s miner at CKpool here:

https://bitcointalksearch.org/topic/yh-solockpoolorg-2-fee-solo-mining-usade-255-blocks-solved-763510

http://solo.ckpool.org/

Doesn't get more simple than that.

MrGreenHat

full member

Activity: 173

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Quote from: alexrossi on December 07, 2014, 03:48:35 PM

With this hashing power the only funny thing that you can make it's using it as a lottery ticket for solo mining (you will need to run also a full node)

Or you could just mine in one of the many solo mining pools offered by Ck, and others.

alexrossi

legendary

Activity: 3766

Merit: 1742

Join the world-leading crypto sportsbook NOW!

With this hashing power the only funny thing that you can make it's using it as a lottery ticket for solo mining (you will need to run also a full node)

Amph

legendary

Activity: 3248

Merit: 1070

don't do it, not worth it at all, that thing can't 100 dollar in a reasonable amount of time, the calculator say it earn you 0.19 dollar a day, do the math...

confirmation120

full member

Activity: 224

Merit: 100

Assuming that difficulty stays exactly the same then it would take ~18 months for a 38 GH/s miner to mine $100 worth of bitcoin. If the difficulty goes up even a little bit every 2016 blocks then it would take in excess of two years.

If you are considering paying $100 for a 38 Gh/s miner then you are overpaying by a lot

iluvpie60

hero member

Activity: 700

Merit: 500

mining is currently not worth it, the rate of difficulty increase screws you over each time.

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: Tany3450 on December 07, 2014, 12:32:42 PM

Hi. Please consider a miner with 38GH/S hash speed.

How long does it take to get 100$ from mining ? With 7/24 working. Assume electricty is free.

Even with free electricity you will never make 100 dollars because of difficulty increasing.

If difficulty averages around 15% a month you will make around ~17 dollars in 2 years and not growing from that with free power.

If difficulty averages around 10% a month you will make around ~25 dollars in 2 years and not growing from that with free power.

Tany3450

newbie

Activity: 1

Merit: 0

Hi. Please consider a miner with 38GH/S hash speed.

How long does it take to get 100$ from mining ? With 7/24 working. Assume electricty is free.

Topic: Miner with 38GH/S (Read 1380 times)