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Topic: Mining? (Read 1300 times)

hero member
Activity: 619
Merit: 500
May 01, 2014, 11:24:36 PM
#33
IMO that it's better to mine altcoins with a good rep and than change it to btc so there is less financial losses.

Mining scrypt coins with scrypt ASIC? Or mining other altcoins with GPU?


newbie
Activity: 61
Merit: 0
May 01, 2014, 09:50:00 PM
#32
Can anyone recommend a good(the best) miner hardware in the markets right now? The best bang for your bucks of course. Is it even worth mining anymore? Estimated ROI?

The best way to make money on bitcoins is to buy as much coin as you can afford right now.

Most people believe the price of bitcoin will go up.

You then sell the coins for a lot more profit than you will make mining.

I doubt this is the best solustion in this case.
IMO that it's better to mine altcoins with a good rep and than change it to btc so there is less financial losses.
legendary
Activity: 4522
Merit: 3426
May 01, 2014, 04:06:58 PM
#31
Estimated roi is never as the diff is going upupup like bitcoins price ahahah
The difficulty has been increasing at a slower rate recently, but I agree that it is hard to reach ROI with ASIC now.

Making a profit (what you refer to as "reach ROI") depends on the cost of the equipment and the future difficulty, and the cost of power to a small extent. If someone can buy the equipment cheap enough, then they can make a profit, even if the difficulty is rising quickly. If the difficulty remains flat then just about everyone buying equipment now will make a profit.
hero member
Activity: 571
Merit: 500
May 01, 2014, 01:06:44 PM
#30
Estimated roi is never as the diff is going upupup like bitcoins price ahahah

The difficulty has been increasing at a slower rate recently, but I agree that it is hard to reach ROI with ASIC now.
hero member
Activity: 571
Merit: 500
May 01, 2014, 01:04:16 PM
#29
my opinion is that you can still make some profit from mining if you sell the miner at the right moment...

Maybe, you can find ASIC on eBay with terribly high price lol Cheesy
hero member
Activity: 601
Merit: 500
Vote 4fryn :)
May 01, 2014, 11:22:37 AM
#28
Estimated roi is never as the diff is going upupup like bitcoins price ahahah
full member
Activity: 224
Merit: 100
May 01, 2014, 10:26:11 AM
#27
Buy low sell high, you just have to follow china Smiley
hero member
Activity: 882
Merit: 500
May 01, 2014, 05:42:08 AM
#26
my opinion is that you can still make some profit from mining if you sell the miner at the right moment...try bitmaintech.com they have the best offers

I don't know. It's pretty brutal right now, especially for those of us with scrypt miners.
hero member
Activity: 761
Merit: 500
April 30, 2014, 02:08:44 PM
#25
my opinion is that you can still make some profit from mining if you sell the miner at the right moment...try bitmaintech.com they have the best offers
legendary
Activity: 896
Merit: 1000
April 30, 2014, 06:27:54 AM
#24
Maybe the waiting is but the making money at the end isn't!  Cheesy

+1
If you bought bitcoin 3 years ago and hold it for 3 years, I am sure you should not get bored with your insane profits.
hero member
Activity: 983
Merit: 502
April 30, 2014, 04:02:40 AM
#23
Maybe the waiting is but the making money at the end isn't!  Cheesy
hero member
Activity: 761
Merit: 500
April 30, 2014, 01:49:47 AM
#22
Been hearing alot about the Antiminer but I believe it would be best to just buy the coins yourself and hold.

+1. Buy and hodl is the best strategy for bitcoin investment IMO. Cheesy
maybe it is the best but it`s so borring:D
hero member
Activity: 625
Merit: 500
April 29, 2014, 10:23:17 PM
#21
Been hearing alot about the Antiminer but I believe it would be best to just buy the coins yourself and hold.

+1. Buy and hodl is the best strategy for bitcoin investment IMO. Cheesy
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
April 29, 2014, 07:12:24 PM
#20
Been hearing alot about the Antiminer but I believe it would be best to just buy the coins yourself and hold.
hero member
Activity: 543
Merit: 500
April 29, 2014, 03:13:54 PM
#19
Antminer s1 looks very cheap

Because the s2 with much lower power consumption is out Smiley
hero member
Activity: 518
Merit: 500
April 29, 2014, 10:38:15 AM
#18
Antminer s1 looks very cheap
sr. member
Activity: 252
Merit: 250
April 28, 2014, 01:47:14 PM
#17
The choices are very limited compared to a year ago or so.

The new mining is scrypt asic mining and buying bitcoin when its low.

Unless you have some serious hard cash and buying power then I`d recommend getting those terra hash, but also do your homework.

Some of the cointerra at the mining pool are only doing 1.2 Thz when its labeled 2.0 thats a huge difference esp when you paid a premium to be ahead of the game.

Also consider losses of work being rejected overall, and obvious dozen of stuff on the list. eg: electricity,fees,and other misc costs
hero member
Activity: 896
Merit: 1000
April 28, 2014, 12:56:58 PM
#16
Can anyone recommend a good(the best) miner hardware in the markets right now? The best bang for your bucks of course. Is it even worth mining anymore? Estimated ROI?

It is better to buy bitcoin or litecoin with your money IMO.
You can hardly make any profit in mining nowadays.
newbie
Activity: 42
Merit: 0
April 28, 2014, 02:44:25 AM
#15
Consider to use auto profit and buy some scrypt asic.
legendary
Activity: 966
Merit: 1001
April 27, 2014, 11:56:19 PM
#14
You need to use calculator like on bitcoinx. To estimate profit

would coinwarz work?

bitcoinx provides a bitcoin mining profit calculator.
coinwarz gives you a comparison of mining profitability of different coins (sha256, scrypt, x11, etc) at this very moment.
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