POLL: Are you still buying mining equipment? - page 2.

gusti

legendary

Activity: 1099

Merit: 1000

Quote from: Littleshop on May 23, 2011, 07:56:54 PM

Quote from: gusti on May 23, 2011, 07:45:25 PM

yes, why not ?

Because difficulty going up without BTC price going up will cause the payback to be less then the price of the equipment. Our next difficulty is on track to be more then a 50% increase again and it is happening sooner then 10 days. If you repeat that just four more times mining is not very profitable.

I just got my last 6990 card. It should make some acceptable money in the next month. After that profit is unlikely. I will turn my equipment off a little before it becomes unprofitable due resale value of the equipment.

Please define what is "profitable". Or what is a good ROI for a business. 20% a year ? 30% ? 60% ? Wink

Littleshop

legendary

Activity: 1386

Merit: 1004

Quote from: gusti on May 23, 2011, 07:45:25 PM

yes, why not ?

Because difficulty going up without BTC price going up will cause the payback to be less then the price of the equipment. Our next difficulty is on track to be more then a 50% increase again and it is happening sooner then 10 days. If you repeat that just four more times mining is not very profitable.

I just got my last 6990 card. It should make some acceptable money in the next month. After that profit is unlikely. I will turn my equipment off a little before it becomes unprofitable due resale value of the equipment.

gusti

legendary

Activity: 1099

Merit: 1000

yes, why not ?

BitcoinRigs.com

member

Activity: 68

Merit: 10

Lots of people are still buying. We can't buy enough video cards to keep up with demand!

rezin777

full member

Activity: 154

Merit: 100

Quote from: ?? on ??

I remember seeing a post where someone was saying the difficulty would drop and it was naive to think it would exponentially increase all the time. The other guy said once you hit that point of no return it's pretty much done... I think I agree we are either near or at that point. This increase in difficulty won't stop until there is nearly no profit for anyone that isn't mining at the highest efficiency. Likely a commercial venture of sort once the word gets out a bit more.

Any media exposure and we can pretty much say bye bye to mining profits for the masses?

It's apparent that mining will trend toward small profit. Any undertaking that has massive profit will grow until the profit is reduced (everyone tries to grab that profit). Serious miners should understand this and practice high efficiency.

AtlasONo

hero member

Activity: 551

Merit: 500

Just bought a few bits but I'm done for now

SgtSpike

legendary

Activity: 1400

Merit: 1005

Yeesh - almost half of all respondents indicated that they will still be adding more hashing power in the coming weeks! I was hoping for numbers less than that, but now I fully expect difficulty to continue rising as quickly as it has in the last few weeks.

epi 1:10,000

full member

Activity: 154

Merit: 100

No

Iceredwing

newbie

Activity: 36

Merit: 0

No would be my answer.

Jaime Frontero

full member

Activity: 126

Merit: 100

right now i'm tweaking all my miners - latest miner versions, overclocking, case cooling, etc. i've boosted my Mh/sec rate almost 20% since the difficulty rise - practically as good as getting a new miner.

so no hardware right now. we'll see how difficulty goes.

and frankly, given the speed at which things move, i'm going to wait a couple weeks to see what happens on the FPGA front. my miners have paid for themselves many times over, so i can afford to look at re-investing if the FPGA possibilities are good.

i guess my answer isn't in your poll...

bulanula

hero member

Activity: 518

Merit: 500

INVESTING is the best choice right now. Just buy bitcoins with as much cash as you have !

SgtSpike

legendary

Activity: 1400

Merit: 1005

Just curious. So answer the poll already!

Topic: POLL: Are you still buying mining equipment? - page 2. (Read 4421 times)