Started mining around a week ago for fun and to see if I could figure it out.
I picked up 10 of the 300MH/s for $15 bucks each a few days ago. Now I'm looking into the antminers, whats good price for them?
I'm in Vancouver Canada. I see them going for upwards of $150 bucks and more.
The seller had a deal for $49 each a few days ago. I wouldn't buy one for more than $60. Not that you'll probably ever get ROI on them, fwiw.
Which seller?
I'm not really worried about making enough to cover the cost of them if I can find them cheap enough. I'm pretty sure i could turn around and sell
the ones I bought for $15 each for more than I paid for them.
I plan on doing the same with the antminers eventually, if i can find 10 or 20 cheap enough.
I can't see them worth more than 20cents, see:
http://bitcoinwisdom.com/bitcoin/calculator
parameters from top to bottom: 20, 0.2, 2, 0.3, 0.2, 0, 2.5 - rest as default .
You can see they break even in 49 days, after which the electricity cost is more than income.
20 cents a kw/h? Wow, that's pricey. I'm on 2 level system where we pay 6.9 cents a kw/h for the first level and then 10.3 cent a kw/h for everything over level 1.
I ended up ditching the usb stick idea. I found them far to finicky and they required way too much of my attention. I managed to sell the saphire ones for what I paid for them and got a cube off of ebay relatively cheap. I just check on it once a day and that's it.
It's filled my mining urge so now I'm just buying into coin.
Thanks for the links, much appreciated. I'm pretty much done with the mining option. Still gonna keep an eye out for good deals though. Think I may pick up a few antminer s1 out of bitmain just to resell them. People are paying ridiculous prices for them on ebay.