Topic: Mining vs Holding BTC for profits. (Read 520 times)
What is wrong (high) is the price of the mining hardware. Electricity cost are still way behind revenue, so only initial investment screws it up
I agree, ROI is ridiculous now. I finally got my BFL Little Single early September and had been able to make $300-$400 mining with it before selling it for a little under the price I bought it. So thankfully I was able to make a profit. But yea, it was scary each time the difficulty rose because it cut my profits per day substantially.
But yea, unfortunately with so ASICs now and big miners and farms all on alt coins, it's hard for anyone to seriously start mining unless they have free electricity or the equipment beforehand. The only thing I'd probably consider buying now is a Scrypt FPGA, granted that it's a sensible price compared to daily returns.
But yea, unfortunately with so ASICs now and big miners and farms all on alt coins, it's hard for anyone to seriously start mining unless they have free electricity or the equipment beforehand. The only thing I'd probably consider buying now is a Scrypt FPGA, granted that it's a sensible price compared to daily returns.
It appears we have come to a point of no return for casual miners when it comes to profits. IMO it is better to buy and hold coins if you feel the price is going to go up.
Alright so lets have a look at some miners if you received today how much you would lose.
KnCMiner Jupiter
Difficulty 30% ave increase time, Watts 640, Price $4995, speed 400GH/s
At current prices even if you received the item today you would lose $499 after 200 days mining, then by 212 days you would be spending more on electricty by 3.2 dollars for that fortnight. This is with a projected str of 44197 million.
The only miner that will make a profit at current prices is the HashFast Sierra Batch 2 if you received it today, you would make over 6k profit, however it will only arrive in 2 months (ETA)
Difficulty 30% ave increase each time, Watts 780, Price $7080, speed 1200GH/s --> Item will only be shipped next year apparently (Jan/Feb)
Start date 15th Jan... At 176 days you have a loss of $35 and after that you need to turn the machines off at current prices.
Heaven forbid the price of bitcoins has to go down to $200 again it would be a financial disaster for a lot of people investing in this equipment.
Alright so lets have a look at some miners if you received today how much you would lose.
KnCMiner Jupiter
Difficulty 30% ave increase time, Watts 640, Price $4995, speed 400GH/s
At current prices even if you received the item today you would lose $499 after 200 days mining, then by 212 days you would be spending more on electricty by 3.2 dollars for that fortnight. This is with a projected str of 44197 million.
The only miner that will make a profit at current prices is the HashFast Sierra Batch 2 if you received it today, you would make over 6k profit, however it will only arrive in 2 months (ETA)
Difficulty 30% ave increase each time, Watts 780, Price $7080, speed 1200GH/s --> Item will only be shipped next year apparently (Jan/Feb)
Start date 15th Jan... At 176 days you have a loss of $35 and after that you need to turn the machines off at current prices.
Heaven forbid the price of bitcoins has to go down to $200 again it would be a financial disaster for a lot of people investing in this equipment.
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