Topic: Questions about Asic Miners + Need Advice please and thank you! (Read 1821 times)

Litecoin ASIC miners are a long way off. Yes, there some companies that are working on it but they may never be able to come up with anything to leapfrog over the GPU's like they did with Bitcoin. Without going into technical reasons, even an FPGA for Litecoin is not very capable and FPGA's are the gateway to ASIC's. So, they have a loooooooooooooooooooooooooooooooooooong ways to go before they can come up with a viable litecoin ASIC miners.

Hey

Not sure which calculator you're using to estimate $10 per day but I tend to use:  http://www.coinish.com/calc/
Notice the difference of results on this calc. between Novice and Expert option as it factors in difficulty rises.
Jally uses 30W before overclocking and you need to account for electricity.

Some ASIC companies have had many problems and your device may arrive late if at all.  That being said there are some multi-terrahash devices for 2014 which look very profitable, but of course with these network hash rate increases exponentially.  Choose your ASIC wisely to ensure it doesn't cost you.

You could always 'Cloud Mine' It is instant and you can sell it back at any time.
I use: https://cex.io/r/1/efc17/0/

Thanks

Hello, How is everyone?

Thank you for taking a look at this thread, I have been basically been thinking to myself about buying a ASIC Miner. Everyone seems to say that Mining is dead and that you might not get your money back from your miner, because the difficulty goes up so fast. Now, I have been thinking about this since the FIRST asics came out, in which everyone jumped on board, paying crazy prices for miners early on. I can't help but notice that the BFL Jalepeno which is 5.5 GH/S when ordered back in the day even after the 2nd shipment, It would make roughly 50-100 dollars revenue / day. Even now, If you mine other SHA-256 coins, that Jalepeno will make you 10 dollars per day. (Is this correct?)  

When the Jalepeno came out it was 1,250 USD and you could of made your money back depending if you got it in the mail soon or not with in a month or 2, even today you make 10.00 / day meaning that this device is still profitable as long as you have it paid off. That is basically what I want out of any miner, Once I pay it off, I will be happy with 10 dollars a day, But id hope to at least make 50-100 / day for a while.

So, If I buy one of the Asic miners from AMT (Advanced Mining Tech) and get the Miner Protection Plan so it gaurentees that if the difficulty goes up so far with in a certain period of time they will upgrade your miner for free to make sure you make a return on your investment. Has anyone used AMT? Do they hold true to this?

Is there any new "ASIC" like technology coming out soon that will making ASICs a thing of the past? I know that they are currently working on a ASIC miner for Litecoin, Should I wait for this to come out and buy that?

If I buy one of these ASIC miners from AMT, From what I can tell I'd definitely make my money back, Is it safe to do this? Can I still make a lil profit with a decent ASIC mining rig?

How fast exactly does the difficulty go up? Is it really that hard to compete with?

Thanks, Any advice would be much appreciated it. Thank you for your time everyone and best of luck with the coins.

EDIT: I will be more inclined to mine Alts and trade up for BTC than to mine actual BTC - with that being said, How hard is competing with the difficulties now? Won't there always be opportunity in alts?

Im guessing LTC miners with GPU cards are pretty much Obsolete now so I won't even think about those, not with the LTC Asics on their way.