Topic: No mining hardware is worth buying (Read 15301 times)
I would buy some BTCs now
In my opinion mining is not worth it anymore as the diff is skyrocketing to the moooon! Script mining is worth it atm with free power and LTC price going up. I invested in GPUS some month back and have nearly payed them of 
Why hasn't anyone mentioned the fact that 1BTC is about $350 today?
Yes it will go down at some point, then back up (it is high risk though!)
I really am not too concerned about the power cost investment since I paid off my hardware
Yes it will go down at some point, then back up (it is high risk though!)
I really am not too concerned about the power cost investment since I paid off my hardware
Did a small test sale Tuesday night (6 Nov). Said it would be there by 12 Nov. Was actually there this morning. Only difference was six days was slightly longer than their usual projected date. The actual time it took to appear was normal.
Larger transactions may be handled differently.
Larger transactions may be handled differently.
GPU's are profitable, ASICS not. Go LTC!
ASIC AND FPGA for LTC is coming out soon. Good luck....
Thief's, that's the only name I can call them
I'm afraid that's true. Maybe not in the beginning, but definitely right now. They're selling people investments that will never pay off. It's no better than selling someone stock in a company that you know is going bankrupt.
GPU's are profitable, ASICS not. Go LTC!
5 - Hardware manufacturers and resellers have a problem right now. They're invested in manufacturer/reselling ASICs and people are catching on to point #1 above.
ASIC prices can come down a LOT before hardware manufacturers are hurting. <$2 per GH/s is pretty easy. $1 per GH/s might be harder to do but I would expect raw chips (ASICs on the reel) to hit that sometime in 2014. Of course vendor would rather sell a unit at $10 per GH than cutting prices to $5, or $3, or even $2 per GH/s isn't going to put anyone under.
That being said we likely will see one or more company go under. These are small and often poorly run companies. This is the gravy train portion with massive margins, lines of customers, or limited competition. Pretty much impossible to not make money now. When crunch time comes some won't make it.
Point noted, thanks. I haven't been following prices close enough to observe, so I'll take your word for it. I assumed the profit margins were thin.
However I would think resellers will end up in a bind first.
M
hardware manufacturers have been thief's selling for what the diff is. Look at asicminer that started selling at 3BTC now at .035BTC with a hub included. They have been playing on people greed and stupidity and laughing their way into the bank. The eruptor doesn't cost more then $1 to produce for gods sake!!! But look at how they are selling on ebay. The Jalo's are going for over $250 when they are worth tops $50 if one hopes to make ROI. Even the KNC 500G selling for $6000 are overpriced with a .15BTC return daily on the next diff, they'll never make ROI, NEVER. Thief's, that's the only name I can call them
There is a better Class of ASIC mining company coming . Mark my words . Other companies will need to modify their prices and customer care to compete with the next generation of Asic developers.
5 - Hardware manufacturers and resellers have a problem right now. They're invested in manufacturer/reselling ASICs and people are catching on to point #1 above.
ASIC prices can come down a LOT before hardware manufacturers are hurting. <$2 per GH/s is pretty easy. $1 per GH/s might be harder to do but I would expect raw chips (ASICs on the reel) to hit that sometime in 2014. Of course vendor would rather sell a unit at $10 per GH than cutting prices to $5, or $3, or even $2 per GH/s isn't going to put anyone under.
That being said we likely will see one or more company go under. These are small and often poorly run companies. This is the gravy train portion with massive margins, lines of customers, or limited competition. Pretty much impossible to not make money now. When crunch time comes some won't make it.
Point noted, thanks. I haven't been following prices close enough to observe, so I'll take your word for it. I assumed the profit margins were thin.
However I would think resellers will end up in a bind first.
M
hardware manufacturers have been thief's selling for what the diff is. Look at asicminer that started selling at 3BTC now at .035BTC with a hub included. They have been playing on people greed and stupidity and laughing their way into the bank. The eruptor doesn't cost more then $1 to produce for gods sake!!! But look at how they are selling on ebay. The Jalo's are going for over $250 when they are worth tops $50 if one hopes to make ROI. Even the KNC 500G selling for $6000 are overpriced with a .15BTC return daily on the next diff, they'll never make ROI, NEVER. Thief's, that's the only name I can call them
This title is wrong, there is hardware that is worth buying just not yet.... wait couple of months...
Lool no hardware is worth of buying esspecialy in couple of months when difficulty will be insane
This title is wrong, there is hardware that is worth buying just not yet.... wait couple of months...
But then everybody swathes to scrypt and you can get more BTc
If this continues, it would come to a point where no mining hardware is worth selling and all ASIC company would have to switch to scrypt-asic and the war starts again...
5 - Hardware manufacturers and resellers have a problem right now. They're invested in manufacturer/reselling ASICs and people are catching on to point #1 above.
ASIC prices can come down a LOT before hardware manufacturers are hurting. <$2 per GH/s is pretty easy. $1 per GH/s might be harder to do but I would expect raw chips (ASICs on the reel) to hit that sometime in 2014. Of course vendor would rather sell a unit at $10 per GH than cutting prices to $5, or $3, or even $2 per GH/s isn't going to put anyone under.
That being said we likely will see one or more company go under. These are small and often poorly run companies. This is the gravy train portion with massive margins, lines of customers, or limited competition. Pretty much impossible to not make money now. When crunch time comes some won't make it.
Point noted, thanks. I haven't been following prices close enough to observe, so I'll take your word for it. I assumed the profit margins were thin.
However I would think resellers will end up in a bind first.
M
5 - Hardware manufacturers and resellers have a problem right now. They're invested in manufacturer/reselling ASICs and people are catching on to point #1 above.
ASIC prices can come down a LOT before hardware manufacturers are hurting. <$2 per GH/s is pretty easy. $1 per GH/s might be harder to do but I would expect raw chips (ASICs on the reel) to hit that sometime in 2014. Of course vendor would rather sell a unit at $10 per GH than cutting prices to $5, or $3, or even $2 per GH/s isn't going to put anyone under.
That being said we likely will see one or more company go under. These are small and often poorly run companies. This is the gravy train portion with massive margins, lines of customers, or limited competition. Pretty much impossible to not make money now. When crunch time comes some won't make it.
It isn't profitable to mine anymore but, without our miners there would be no transactions going through!
what everyone seems to forget is that for the diff to double from here it requires 4000 1T machines. Its not going to happen as fast as most people thinks
Really? One company--Cointerra--claims that they're going to deliver 2,000 terahashes of hashing capacity in December alone.
Or think about it this way. If the difficulty increases 25% for each of the next three intervals--which of course it will, it's not like the ASIC vendors are closing up shop--then the difficulty will double. And an interval is like 10 days now, so we're talking a month.
My 0.01 BTC worth...
1 - From an ROI perspective, it doesn't make sense to buy any hardware available right now at today's prices.
2 - If you want to invest, invest in BTC.
3 - Presumably because of #2 is why the value of BTC continues to climb. The investors have nothing else to do with their money.
4 - At some point people want to start selling BTC to make a profit. When that happens, the price of BTC stabilizes or falls.
5 - Hardware manufacturers and resellers have a problem right now. They're invested in manufacturer/reselling ASICs and people are catching on to point #1 above.
6 - Something has to come from #5. I suspect more than one ASIC company is going to go belly up because no one wants their hardware at the price they need to sell to break even, let alone make a profit. Resellers are going to hurt too. Watch for fire sales, but buy wisely not emotionally. 1/2 off normal price is probably still too much.
7 - As someone stated above, there is an ASIC bubble right now. Horsepower is thru the roof. Hard to make an honest BTC anywhere. (Day trading is not honest.)
8 - Something has to come from #7. I too think we're going to see a decrease in hashpower at some point, but I think the bubble has to get bigger first.
9 - Don't trust a word BFL says. Their motto is a "there's a sucker born every minute".
10 - Seems to me the making of a perfect storm are here. Be careful, there aren't going to be many winners in how this plays out.
M
1 - From an ROI perspective, it doesn't make sense to buy any hardware available right now at today's prices.
2 - If you want to invest, invest in BTC.
3 - Presumably because of #2 is why the value of BTC continues to climb. The investors have nothing else to do with their money.
4 - At some point people want to start selling BTC to make a profit. When that happens, the price of BTC stabilizes or falls.
5 - Hardware manufacturers and resellers have a problem right now. They're invested in manufacturer/reselling ASICs and people are catching on to point #1 above.
6 - Something has to come from #5. I suspect more than one ASIC company is going to go belly up because no one wants their hardware at the price they need to sell to break even, let alone make a profit. Resellers are going to hurt too. Watch for fire sales, but buy wisely not emotionally. 1/2 off normal price is probably still too much.
7 - As someone stated above, there is an ASIC bubble right now. Horsepower is thru the roof. Hard to make an honest BTC anywhere. (Day trading is not honest.)
8 - Something has to come from #7. I too think we're going to see a decrease in hashpower at some point, but I think the bubble has to get bigger first.
9 - Don't trust a word BFL says. Their motto is a "there's a sucker born every minute".
10 - Seems to me the making of a perfect storm are here. Be careful, there aren't going to be many winners in how this plays out.
M
There is, just wait until the ASIC war is over and the difficulty stay the same
True, might happen next year (late probably).
Worth the wait, the 1 TH miners will cost like GPU
It will never ROI
what everyone seems to forget is that for the diff to double from here it requires 4000 1T machines. Its not going to happen as fast as most people thinks
BFL alone estimates they can make 1000 Monarchs/day. So could happen in just one week sometimes early next year
Hahahaha, their estimates are so accurate, delayed more then a year for some of the products they sold...
There is, just wait until the ASIC war is over and the difficulty stay the same
True, might happen next year (late probably).
Worth the wait, the 1 TH miners will cost like GPU
It will never ROI
what everyone seems to forget is that for the diff to double from here it requires 4000 1T machines. Its not going to happen as fast as most people thinks
BFL alone estimates they can make 1000 Monarchs/day. So could happen in just one week sometimes early next year
BFL estimates are usually very accurate...
there you go
written in stone. As the price of equipment goes up the universe of miners willing to put 1000's into a asic is reduced and that will level difficulty. Jump to: