Author

Topic: Noob miner, mining at last! (Read 541 times)

sr. member
Activity: 434
Merit: 250
October 08, 2013, 01:15:28 AM
#9
Hello all, new miner here!

My two block erupter blades showed up in the mail this last Saturday and although it took me long hours of frustration to get them up and running (PSU issues, a blown fuse and config issues), now I am mining at last.
Outlook is bleak though, as I was checking the bitcoin stats page and saw the difficulty going up, I figured it will take me longer to break even on the cost of hardware. Prospects of ever going to make a profit are grim now with everyone getting their ASIC pre-orders I foresee the difficulty climbing dramatically putting a dent in my ROI even further.

Let's now hope the bitcoin value will explode in the next months and get rich! (Yeah, I know it's a pipe dream  Grin)

TH/s is coming, calculate your power consumption and sell it immediately it cannot cover your electric cost.
newbie
Activity: 28
Merit: 0
October 07, 2013, 07:58:02 PM
#8
Just wait till early next year when all the units shipping are in terrahash range
newbie
Activity: 13
Merit: 0
October 07, 2013, 06:04:54 PM
#7
Let's now hope the bitcoin value will explode in the next months and get rich! (Yeah, I know it's a pipe dream  Grin)

The difficulty cannot increase forever i believe, it is only question when it stop rising

I'm not an expert on this but wouldn't the massive influx of asic miners make mining more difficult for the little guys like me to keep up? I only have two asics but I've seen some crazy setups on ebay running a full rack of 60GH/s miners!! Shocked
hero member
Activity: 812
Merit: 1000
October 07, 2013, 05:42:59 PM
#6
Hey guys I just bought 5 USB Asic Miner ( 336M/hs) but I wanted to know if it was better to wait and save for a bigger miner like a Jalapeno or Single...

I believe time is very important here

5 USB Asic Miners now  >  Jalapeno or Single months later
hero member
Activity: 812
Merit: 1000
October 07, 2013, 05:39:14 PM
#5
Let's now hope the bitcoin value will explode in the next months and get rich! (Yeah, I know it's a pipe dream  Grin)

The difficulty cannot increase forever i believe, it is only question when it stop rising
newbie
Activity: 15
Merit: 0
October 07, 2013, 05:37:08 PM
#4
Hey guys I just bought 5 USB Asic Miner ( 336M/hs) but I wanted to know if it was better to wait and save for a bigger miner like a Jalapeno or Single...
legendary
Activity: 1736
Merit: 1029
October 07, 2013, 03:35:24 PM
#3

Let's now hope the bitcoin value will explode in the next months and get rich! (Yeah, I know it's a pipe dream  Grin)

Hope to break even.  It's not looking like anyone ordering after April will break even in the near future.

ehhh...  I doubt that, the difficulty has increased so dramatically the past few months.
mjc
hero member
Activity: 588
Merit: 500
Available on Kindle
October 07, 2013, 02:37:58 PM
#2

Let's now hope the bitcoin value will explode in the next months and get rich! (Yeah, I know it's a pipe dream  Grin)

Hope to break even.  It's not looking like anyone ordering after April will break even in the near future.
newbie
Activity: 13
Merit: 0
October 07, 2013, 01:43:40 PM
#1
Hello all, new miner here!

My two block erupter blades showed up in the mail this last Saturday and although it took me long hours of frustration to get them up and running (PSU issues, a blown fuse and config issues), now I am mining at last.
Outlook is bleak though, as I was checking the bitcoin stats page and saw the difficulty going up, I figured it will take me longer to break even on the cost of hardware. Prospects of ever going to make a profit are grim now with everyone getting their ASIC pre-orders I foresee the difficulty climbing dramatically putting a dent in my ROI even further.

Let's now hope the bitcoin value will explode in the next months and get rich! (Yeah, I know it's a pipe dream  Grin)
Jump to: