Now the time to buy more hardware? - page 2.

mike678

full member

Activity: 182

Merit: 100

Quote from: malevolent on June 30, 2011, 06:50:42 AM

Don't. I don't want any further difficulty increases.

Although I don't want to get difficulty increases Tongue

now is probably the best time to invest in hardware because the difficulty has calmed down and expected income in a months time is much more predictable.

malevolent

legendary

Activity: 3472

Merit: 1724

Don't. I don't want any further difficulty increases.

CNMOH

member

Activity: 266

Merit: 10

Quote from: Cluster2k on June 30, 2011, 06:30:54 AM

Quote from: CNMOH on June 30, 2011, 06:07:25 AM

Hmm, well, maybe. The difficulty seems to be stabilizing, and a lot of people are trying to get out at the moment because they're scared, meaning cheap cards. The situation could change at any time, though. There are no absolutes when it comes to bitcoin mining or speculation.

Some people may be "scared" and trying to get out, or maybe can just extrapolate into the future a month or two and see we won't be doing anything really useful with bitcoin. It's also a survival of the fittest game. The fittest get their electricity for 10c/kWh or cheaper, or just steal it.

Won't be doing anything useful? Bitcoin is going places, and if you can't see that, you must be really narrow minded. Difficulty is stabilizing, and at the current difficulty and exchange rate, mining is still profitable for pretty much anyone with an ATI card.

Cluster2k

legendary

Activity: 1692

Merit: 1018

Quote from: CNMOH on June 30, 2011, 06:07:25 AM

Hmm, well, maybe. The difficulty seems to be stabilizing, and a lot of people are trying to get out at the moment because they're scared, meaning cheap cards. The situation could change at any time, though. There are no absolutes when it comes to bitcoin mining or speculation.

Some people may be "scared" and trying to get out, or maybe can just extrapolate into the future a month or two and see we won't be doing anything really useful with bitcoin. It's also a survival of the fittest game. The fittest get their electricity for 10c/kWh or cheaper, or just steal it.

CNMOH

member

Activity: 266

Merit: 10

Hmm, well, maybe. The difficulty seems to be stabilizing, and a lot of people are trying to get out at the moment because they're scared, meaning cheap cards. The situation could change at any time, though. There are no absolutes when it comes to bitcoin mining or speculation.

Chick

member

Activity: 70

Merit: 10

Quote from: IlbiStarz on June 30, 2011, 03:05:05 AM

Well when did you buy those 2 original rigs?

I don't know, why don't you calculate the cost and projected return? Go for a worst case scenario of 60% difficulty increases every 7-10 days and $15 per BTC. If you are fine even if that happens then sure, buy rigs Cheesy

[/quote

Don't remember exactly, around a month or two ago.

I have other uses for them too, like doing folding@home and then showing off my e-penix score. Tongue

IlbiStarz

full member

Activity: 336

Merit: 100

Well when did you buy those 2 original rigs?

I don't know, why don't you calculate the cost and projected return? Go for a worst case scenario of 60% difficulty increases every 7-10 days and $15 per BTC. If you are fine even if that happens then sure, buy rigs Cheesy

Chick

member

Activity: 70

Merit: 10

I've already broke even with my 2 mining rigs (4 5830s).

Is it a good time to buy 2 more mining rigs? Considering that I would have double the hashing power now? (2.5 ghash now, 5 ghash with double hardware)

Topic: Now the time to buy more hardware? - page 2. (Read 4323 times)