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Topic: Mining with <$500 for Fun? (Read 5161 times)

full member
Activity: 209
Merit: 100
December 13, 2013, 09:34:28 PM
#32
It seems like fury is $100 for 2.6gh, but blade is $200 for 10gh... Wouldn't blade be better?

No.  You must consider the watts/ghps ratio.  The USB Fury sticks, for example, get about 1watt/ghps rate -- about 2.5ghps @ about 2.5watts.  Blades are much worse.  Sure, they get 10ghps.  But they consume 83watts!!  That's 8.3watts/ghps!!!  

So as mining difficulty increases, there will come a time when it costs more to run the miner than it produces in BTC.  That time will come much sooner for a blade than a USB Fury.  And even the Fury miners will eventually be obsoleted by the boards that are doing 0.3watt/ghps -- 3.3x as efficient!!  When you compare the blades with those devices currently getting 1ghps @ 0.3watts, the blades require 27.39x as much electricity to do the same amount of work! (3.3 * 8.3)  You'll soon see blades being favored by college students and such who don't have to pay for their electricity.  And by 'soon', I mean in the next 3-6 months.

To get a better feel for this, I suggest checking out http://mining.thegenesisblock.com/ and throwing in some of the various mining equipment.  Blades just eat way too much power at this stage of the game.
hero member
Activity: 980
Merit: 500
FREE $50 BONUS - STAKE - [click signature]
November 27, 2013, 10:03:05 AM
#31
GPU is the best....

In the light of recent grow, I feel very good about wasting my time on scrypt mining.
sr. member
Activity: 259
Merit: 250
November 18, 2013, 12:44:42 AM
#30
GPU is the best....
full member
Activity: 154
Merit: 100
November 17, 2013, 06:15:38 PM
#29
With just 500%, and "just for fun" you should get 2 GPUs.

leave GPUS, buy some BTCs when they drop
newbie
Activity: 47
Merit: 0
November 17, 2013, 01:00:52 PM
#28
With just 500%, and "just for fun" you should get 2 GPUs.
sr. member
Activity: 272
Merit: 250
November 16, 2013, 11:00:00 PM
#27
Buy BTC and give your relative some BTC as a Christmas present...
full member
Activity: 154
Merit: 100
November 16, 2013, 06:02:09 PM
#26
buy btcs now Cheesy  and you will have 1000$ until the christmas
sr. member
Activity: 286
Merit: 250
November 16, 2013, 08:22:44 AM
#25
I'm looking to mine for fun with around $500. Which is the best option, 2xasicminer blades? I live in US.
This is strictly for fun, not to necessarily make profit, so advice not to buy or buy btc on exchange don't count. Smiley

$500 is too little for any decent miners... at this point buying the 2TH/s is the only way to make real money... suggest you to buy from cex.io instead when the price drop...
sr. member
Activity: 378
Merit: 250
November 16, 2013, 12:03:32 AM
#24
Yeah blades would probably be the best option for under 500. High power consumption though.

Agree, waiting for the next generation ASIC is a better choice, I see some of them having as low as 0.5 Watt per GH/s...
full member
Activity: 188
Merit: 100
November 15, 2013, 06:09:21 AM
#23
Yeah blades would probably be the best option for under 500. High power consumption though.

Not worth it, can hardly break-even...
hero member
Activity: 826
Merit: 1000
November 15, 2013, 12:57:45 AM
#22
Yeah blades would probably be the best option for under 500. High power consumption though.
sr. member
Activity: 378
Merit: 250
November 15, 2013, 12:25:20 AM
#21
Does anyone know how many BTC $500 will generate per day?

You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 Smiley...

you can make profit with 500$  as you can make with 5000$ ROI is the same if you buy 1 or 6 GPUs
or GHs on the market

But the problem is none the mining equipment is profitable even if it is 10000$...


 I am thinking about ROI theese days when BTC hits 400 + $


Many equipment can ROI and still you can earn a huge amount of money if you wait for BTC increases but if you  are selling it now you cant earn anything

Once BTC is getting more and more expansive, it should be more profitable to mine instead because mining equipment always god own in values...
full member
Activity: 154
Merit: 100
November 14, 2013, 06:39:18 PM
#20
Does anyone know how many BTC $500 will generate per day?

You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 Smiley...

you can make profit with 500$  as you can make with 5000$ ROI is the same if you buy 1 or 6 GPUs
or GHs on the market

But the problem is none the mining equipment is profitable even if it is 10000$...


 I am thinking about ROI theese days when BTC hits 400 + $


Many equipment can ROI and still you can earn a huge amount of money if you wait for BTC increases but if you  are selling it now you cant earn anything
legendary
Activity: 2464
Merit: 1102
November 13, 2013, 08:23:45 AM
#19
Does anyone know how many BTC $500 will generate per day?

You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 Smiley...

you can make profit with 500$  as you can make with 5000$ ROI is the same if you buy 1 or 6 GPUs
or GHs on the market

But the problem is none the mining equipment is profitable even if it is 10000$...
full member
Activity: 154
Merit: 100
November 11, 2013, 06:46:31 PM
#18
Does anyone know how many BTC $500 will generate per day?

You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 Smiley...

you can make profit with 500$  as you can make with 5000$ ROI is the same if you buy 1 or 6 GPUs
or GHs on the market
full member
Activity: 226
Merit: 100
November 11, 2013, 10:31:54 AM
#17
Does anyone know how many BTC $500 will generate per day?

You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 Smiley...
legendary
Activity: 1456
Merit: 1018
HoneybadgerOfMoney.com Weed4bitcoin.com
November 11, 2013, 05:06:22 AM
#16
i would buy BTC with 500 $ for fun and sell it by higher price just for fun Smiley

Thank you that one made me laugh good!
member
Activity: 82
Merit: 10
November 11, 2013, 12:42:32 AM
#15
Cex.io at .09 BTC per 1GHs hashing power it's close to the best mining power bang for your BTC. This way you can hopefully recover most all of your investment as well instead of being stuck with hardware you can't get rid of.
hero member
Activity: 583
Merit: 500
November 10, 2013, 08:50:14 PM
#14
Does anyone know how many BTC $500 will generate per day?

You can search for online calculator, but the revenue drop about 20-30% every 11 days... So good luck...
legendary
Activity: 1456
Merit: 1000
November 10, 2013, 06:54:13 PM
#13
Does anyone know how many BTC $500 will generate per day?

I highly suggest doing your own math.  Difficulty increase is the unknown, but it is guaranteed to keep going up.

For the money the best current option that you can get is blades.  I wish the Bitfury usb was lower priced, but i still say go with blade for 10 ghz and pay more electricity unless your electricity is extreme.   Right now 2 btc for 2 blades and use old power supply. If better option for under 500 dollars i would like to know aswell. 

Once next gen chips are in more mass production it will obviously change drastically.
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