I love these threads, because they are usually total nonsense, with just some random new website calculator to put in some assumptions into, leading to some set in stone conclusion which never changes.
You won't make ROI, ever, blah blah blah blah.
Please. Your assumptions are totally invalid.
Here, I will give you a real world example. I'm a small-time home miner, mostly do this for a little fun and a little profit.
I bought an S1 AntMiner in December 2013, and one in January of 2014. Total cost for the 2 S1 AntMiners was 5.35 BTC.
Here were are in June of 2014, and I'm looking at a wallet balance of about 6.6 BTC.
Net profit = 1.25 BTC, or (1.25/5.35 invested)*100 = 23.36-ish %.
Electricity cost per day is about 35 cents, to that's about 65 bucks worth of electricity for 180ish days.
This is not a boast, or a calculator, or a set of assumptions.
The price of BTC in $$, or rubles, or yuan doesn't matter, since I paid with BTC.
If you want something done right, do it yourself, and don't worry about the price spikes or price dips. Averaged out over 6 to 9 months, you will almost always make a small profit (assuming you don't have an excessive electricity costs).
Topic: Never make a ROI - page 3. (Read 2921 times)
forget mining at this time
better to buy BTC instead mining
better to buy BTC instead mining
You're so better off buying Bitcoin. It's really better for everyone, even for non-miners.
not good for mining hardware company 
You're so better off buying Bitcoin. It's really better for everyone, even for non-miners.
Miners generally make lousy bitcoin day traders. Soon as the fiat value of BTC goes up enough, were buying miners again with the bought BTC. If you are into mining and not punching out 10+ TH/s then you are an amateur in it for kicks, overpriced winter heating bills and you just like things that flash blue and red in the dark.
Recently mining at home became more and more difficult, the maximum expectation of a miner is to breakeven the investment,
I think it's better to buy btc from exchanges instead of triyng to mine them to pay the hardware.
If everybody will buy coins instead of mining gear, the purchaged coins will not be converted to fiat money. Win-win situation for everybody, price rises. I think it's better to buy btc from exchanges instead of triyng to mine them to pay the hardware.
Recently mining at home became more and more difficult, the maximum expectation of a miner is to breakeven the investment,
I think it's better to buy btc from exchanges instead of triyng to mine them to pay the hardware.
I think it's better to buy btc from exchanges instead of triyng to mine them to pay the hardware.
I have come across this site:
http://mining-profit.com
and its basically saying with the miners you buy you will never make a ROI
Spondoolies-Tech SP10 Dawson 1.4TH Bitcoin Miner *Backordered till 6/6/14*
$3,099.00 USD
How many bitcoins will I earn with Calculate
Gh/s miner?
You will mine 3.7452 bit coins.
3.7452 = $2,452
So you pay $3,099.00 to make $2,452
hm...
http://mining-profit.com
and its basically saying with the miners you buy you will never make a ROI
Spondoolies-Tech SP10 Dawson 1.4TH Bitcoin Miner *Backordered till 6/6/14*
$3,099.00 USD
How many bitcoins will I earn with Calculate
Gh/s miner?
You will mine 3.7452 bit coins.
3.7452 = $2,452
So you pay $3,099.00 to make $2,452
hm...
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