Topic: N00b - Thinking about going with Cointerra (Read 989 times)

To play Devil's Advocate here...the amount you spend on it today may not be worth it due to rising network hashing rates, BUT if the price keeps rising, ROI may still be attainable...if not fantastic depending on how far it goes up, which is the gamble.

Technically, my mouth is drooling a little as well, especially since I watched my friend get ROI on his USB miners just a month ago, when he thought it would never happen (hitting 1000 helped significantly...and imagine if we hit 10,000...if you set it to solo and find just one you're good to go and then some (with that kind of hashing, I'd go solo to start just because, despite everyone saying it's the same or riskier than pool mining profits).

The big question is...if it does rise significantly, would you be better off owning a mining rig, or the equivalent in dollars worth of Bitcoin at todays price...will the rise or the device pay you more is the true question here...because either way, we all anticipate the price rising in order to make these worthwhile, but would you yourself make more with the device or the trade?  That's what you should weigh here to decide...also...lots of hassle mining and keeping your device locked down (people have reported butterfly labs thefts straight from their homes) vs complete freedom and ease of spending liquid coin.  You can tell which way I'm leaning.

I can't help but remember that the people selling the shovels were the real winners of the gold rush, so personally I'm just buying coin for now.

Do the calculations yourself:

http://mining.thegenesisblock.com/

@tinus42 You must be joking  

You won't make back the money you spent on the miner and electricity. Just buy BTC. Mining hasn't been profitable since earlier this year.

Recently there was somebody who posted pics of Cointerra's office with pics of the pcb's and everything. Can somebody give me a reason not to buy a TerraMiner™ IV?! It seems the best bang for your buck!! Thanks!

Looking to make some profit in bitcoin.