Thanks for the Comments
SCRYPT only coins have no future and the more I think about it the more I see that investing in Asic Scrypt right now is a suicide IMO.
If any Scrypt coin will survive it will for sure not be Litecoin which uses the regular Scrypt algo, I have more trust in x11 coins or the n-factor coins like Vertcoin and similar, and for now those Scrypt asics are WAY overpriced and most important they are not capable to mine x11 neither the n-factor Coins, and WILL NEVER EVER SEE A ROI !!
So I think there will be MAJOR disappointment to anyone who purchased or will purchase them because they will never get a ROI, neither a profit of any kind ! The profitability is NOT THERE ANYMORE ! My claim is backed by the information that there are NO new Scrypt Coins coming out, and we see a lot of this on clevermining and similar sites:
"We are Mining a lot of LTC today because the Scrypt Market is a bit dry today..etc"
Which in other words mean, the SCRYPT mania is OVER..!
There is simply no room for profitability in the Scrypt only algo right now, because there are no NEW Scrypt ASIC minable coins that are hitting the Market to mine Scrypt only profitable, the MAJOR upcurves ( to profitably trade to BTC ) are now on Scrypt upgraded algos like x11 coins & n-factor..And like I wrote those SCRYPT ASIC Miners can not Mine x11 neither n-facor coins, which makes them unattractive to me.
So Yes, I really think that mining SHA-256 on sites like multipool.us is the best way to go right now, BUT ONLY IF YOU HAVE FREE ELECTRICITY and if You can get Your hands on second hand ( older chip asics - more power consumption ) mining hardware to take advantage of the FREE electricity and the low selling price of those miners..A ROI and a small profit IS ONLY POSSIBLE THIS WAY !!
So with that being said, can someone point me in the right direction and suggest a older power hungry Asic Bitcoin Miner that goes CHEAP ??
So far the S2 AntMiner is my #1 choice, but I am still waiting to get them for $1000 by June 22..If The Price by then is still above that number they are not more an option for me..Because a mining start date above July makes them unprofitable as well, even with free electricity. So I am hoping the price will drop like we have seen every two weeks so far..Honestly I can't see anyone purchasing the S2 machine above $1000 by end of June, because a price of $1000 for an S2 on June 22 would mean delivery/start of Mining July 1 and a ROI & Profit of about 0.08 BTC by DEC. 2014, and I don't think that ANYONE would mine for 6 Months just to get a ROI and a tiny 0.08 BTC profit..
So I am positive that the S2 miner will be valued about $1000 or even less by June 22 and that I could get lets say 4 of them to start Mining by July 1 and to make a ROI in 2 months and a 7 BTC profit by July 2015, with an average monthly diff increase of about 40%, and if the average diff increase is lower the profit would be even bigger ( Max. 2-3 BTC more ).
Once more, my Numbers are based on my FREE electricity and I done the math without the el. Cost of $130 Monthly per unit.
One more option I have is : I can also just purchase 7 BTC right now for $4500..
So if I decide to go the MINING route it will only be if I can find a cheap SECOND HAND bitcoin power hungry Asic Miner ( around $1000 for 1TH/s by June 22 ) so I could take advantage of my FREE ELECTRICITY.
Because there is absolute no chance of a PROFIT if You pay for electricity with a Miner purchased above $1000 for 1TH/s after 22 June !!
If I do not find a second hand Miner for $1000 for 1TH/s by JUNE 22 then purchasing 7 BTC sounds like the ONLY OPTION for me to ever see 7 BTC.
So if there are any second hand Asic POWER HUNGRY Bitcoin Miners that go for $1000 for 1TH/s ( does not have to be 1 stanalone unit ) Please point me in the right direction.
Once more, MINING will get You a ROI only by purchasing OLD SECOND HAND POWER HUNGRY Asic Miners combined with FREE ELECTRICITY. Paying for electricity will NOT GET YOU A ROI neither a Profit..Not with this $ / GH/s ratio we are seing today !
I feel real bad for people who think different, or should I say who use the profitability calculator with current network difficulty..
Looking forward to Your suggestions for cheap Second hand ( power hungry/or not ) Mining Hardware.
Thanks in advance..