Profitability: ASIC's VS SCRYPT | Bitcointalksearch.org

cloudrck

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Quote from: virtualreality69 on February 18, 2014, 06:34:24 PM

Quote from: cloudrck on February 18, 2014, 06:18:15 PM

Resale value of a ASIC is extremely low considering it can be used for nothing else. And when you intend to sell it, it will probably won't be worth while for someone else to purchase.

Are you talking about sha256 ASIC? http://www.alloscomp.com/bitcoin/calculator

Yes. Thats a great bitcoin tool, but I know with only 30-50 gh/s bitcoin wouldnt be all that profitable.

I could be wrong, but aren't there a few sha256 alt-currencies out there? I know they're value is really low right now, but would any of them be worth mining with the hope that their value could go up?

The value should go up when they become more expensive to mine.
Something like this would be profitable in the short term. https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html

But it's hard to determine when this will become obsolete. If you play the market right you could make a decent profit. If not you may lose.

You could spend the same amount of money and mine scrypt coins aggressively and sell/trade for bitcoins.

Wipeout2097

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Quote from: virtualreality69 on February 18, 2014, 06:34:24 PM

Quote from: cloudrck on February 18, 2014, 06:18:15 PM

Resale value of a ASIC is extremely low considering it can be used for nothing else. And when you intend to sell it, it will probably won't be worth while for someone else to purchase.

Are you talking about sha256 ASIC? http://www.alloscomp.com/bitcoin/calculator

Yes. Thats a great bitcoin tool, but I know with only 30-50 gh/s bitcoin wouldnt be all that profitable.

I could be wrong, but aren't there a few sha256 alt-currencies out there? I know they're value is really low right now, but would any of them be worth mining with the hope that their value could go up?

They quickly get squashed to death by sha256 ASICs the moment they become more valuable than direct BTC mining. That's what scrypt avoids in the first place.

If you intend to mine those now, that's a mix of mining and speculating. Perhaps get BTC out of the GPUs, and buy whatever alt-coins you like, including those sha2

virtualreality69

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Quote from: cloudrck on February 18, 2014, 06:18:15 PM

Resale value of a ASIC is extremely low considering it can be used for nothing else. And when you intend to sell it, it will probably won't be worth while for someone else to purchase.

Are you talking about sha256 ASIC? http://www.alloscomp.com/bitcoin/calculator

Yes. Thats a great bitcoin tool, but I know with only 30-50 gh/s bitcoin wouldnt be all that profitable.

I could be wrong, but aren't there a few sha256 alt-currencies out there? I know they're value is really low right now, but would any of them be worth mining with the hope that their value could go up?

cloudrck

newbie

Activity: 52

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Resale value of a ASIC is extremely low considering it can be used for nothing else. And when you intend to sell it, it will probably won't be worth while for someone else to purchase.

Are you talking about sha256 ASIC? http://www.alloscomp.com/bitcoin/calculator

virtualreality69

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Check out FireCoin!

Can people post their approximate daily/weekly ASIC's profitability along with their Gh/s rate? I'm thinking about investing in 30-50Gh/s but I'm concerned about the hardware's profitability and resale value.

With 1,500 Kh/s scrypt mining I'm theoretically making a few bucks a day (anywhere from 2 to 6), but I'm not worried about GPU resale value.

My plan is to scrypt mine for a few months, and sell the cards I dont use for multi-gpu gaming on ebay. Essentially the GPU's almost pay for themselves while I use them for gaming, then buy a new round of mining cards.

I know asics hardware is progressing at a tremendous rate and a now nearly worthless usb erupter was all the rage not too long ago. If I invest in some asic's hardware will it be hard to sell or loose tremendous value in 6 to 8 months? How much could I (conservatively) estimate to earn with 30-50 Gh/s over that time frame?

Would the same investment in asics vs scrypt yield similar profits (resale value of hardware aside)?

Topic: Profitability: ASIC's VS SCRYPT (Read 3205 times)