Received my BFL Jalapeno - mining at 5 GH/s

StLucifer

member

Activity: 199

Merit: 10

Quote from: buysellbitcoin on August 12, 2013, 01:52:55 AM

Quote from: Pinwheel on August 12, 2013, 12:33:22 AM

you may end up with better profit buy selling it now. assuming netwrok hash rate grow and difficulty. in 2 weeks from now and you will be mining 0.5 btc per month and no body will buy it from you at that point.

Cant agree more with Pinwheel. Frankly speaking you will make much better profit if you will sell it now. You can simply convert that FIAT to BTC and can enjoy much more returns

Cheers

I am not interested in selling it just yet. Not at all in fact.
17th august will be exactly 1 month since i started mining (ignoring the downtime ). By then i should have mined 1.5 - 1.6 btc ( ~ 150 - 160 $ ). That covers the cost of the unit, excluding the customs duty ( i paid 149 USD back in september 2012).

Pinwheel

sr. member

Activity: 378

Merit: 250

or esle you can buy 500 ghs on that money in November. ASIC manufacturers war is coming.

buysellbitcoin

legendary

Activity: 1105

Merit: 1001

https://www.zebpay.com

Quote from: Pinwheel on August 12, 2013, 12:33:22 AM

you may end up with better profit buy selling it now. assuming netwrok hash rate grow and difficulty. in 2 weeks from now and you will be mining 0.5 btc per month and no body will buy it from you at that point.

Cant agree more with Pinwheel. Frankly speaking you will make much better profit if you will sell it now. You can simply convert that FIAT to BTC and can enjoy much more returns

Cheers

Pinwheel

sr. member

Activity: 378

Merit: 250

you may end up with better profit buy selling it now. assuming netwrok hash rate grow and difficulty. in 2 weeks from now and you will be mining 0.5 btc per month and no body will buy it from you at that point.

StLucifer

member

Activity: 199

Merit: 10

Quote from: Amitabh S on August 09, 2013, 12:57:13 PM

Quote from: StLucifer on July 16, 2013, 11:02:20 PM

I think i am gonna let it run as it is, till i recover its cost

Will that ever happen? Grin

As of today, I have mined 1.3 BTC. In less than a month.
assuming i can mine another 0.2 btc in the next 4 days ( usually takes a little over 2 days ), that would make it 1.5 btc ~ 140 to 150 usd.

the box cost me a total of 300 USD ( including customs duty ).
I guess another month and a half of mining should recover the costs, assuming btc value doesn't drop.

StLucifer

member

Activity: 199

Merit: 10

Quote from: Benson Samuel on August 10, 2013, 11:39:38 PM

Any reason for the downtime?

I was in Goa!!! Grin

Couldn't leave without supervision, had to shut down..

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: StLucifer on August 09, 2013, 03:38:03 AM

practically, my daily reward is in the range of 0.06 to 0.08

I have so far mined 0.86 btc since july 17th, but i had about 10 -11 days downtime during that period.

Any reason for the downtime?

You should probably pick up a Pi.

Amitabh S

legendary

Activity: 1001

Merit: 1003

Quote from: StLucifer on July 16, 2013, 11:02:20 PM

I think i am gonna let it run as it is, till i recover its cost

Will that ever happen? Grin

escrow.ms

legendary

Activity: 1274

Merit: 1004

Quote from: StLucifer on August 09, 2013, 03:38:03 AM

practically, my daily reward is in the range of 0.06 to 0.08

I have so far mined 0.86 btc since july 17th, but i had about 10 -11 days downtime during that period.

If you are not able to mine 24x7x30, i think you should sell it.

StLucifer

member

Activity: 199

Merit: 10

practically, my daily reward is in the range of 0.06 to 0.08

I have so far mined 0.86 btc since july 17th, but i had about 10 -11 days downtime during that period.

mnyonpa

full member

Activity: 140

Merit: 100

Quote from: daserpent1 on July 21, 2013, 12:14:04 AM

Are you really able to mine 0.1 btc per day?

So your BFL jalapeno will be paid off in just 1 month? i.e. 3 btc = $300 approx

Mining calc from thegenesisblock.com says ROI is 50 days.

daserpent1

sr. member

Activity: 435

Merit: 250

Are you really able to mine 0.1 btc per day?

So your BFL jalapeno will be paid off in just 1 month? i.e. 3 btc = $300 approx

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: StLucifer on July 17, 2013, 01:00:35 AM

Quote from: buysellbitcoin on July 17, 2013, 12:52:46 AM

.....

Congrats bud.

So now you know BFL single is more precious than baby

But finally you got your precious, Golum will not be happy now Tongue

Cheers

You are absolutely right. This is currently my most prized possession.
It is worth to me more than the Rs 17000 + it cost me.

BTW, I had to pay customs duty of about 75$ on top of 149$ for the device and about 35$ for shipping.

around 270$ in total.
expect to pay hefty duty for the more expensive products....

Quote from: Benson Samuel on July 17, 2013, 12:54:35 AM

Grats St Lucifer

thanks benson.

I have done some quick calculations.. It seems if i keep mining 24/7, i can pay my rent with the income.

That is very awesome. If you do get to pay your rent in Bitcoin and I would love to do a blog piece on it.

Ashitank

hero member

Activity: 560

Merit: 500

Congratz Bro , That some great news Grin

I have ordered 2 jally & shudder thinking how much customs I have to pay Cry

StLucifer

member

Activity: 199

Merit: 10

Quote from: buysellbitcoin on July 17, 2013, 12:52:46 AM

.....

Congrats bud.

So now you know BFL single is more precious than baby

But finally you got your precious, Golum will not be happy now Tongue

Cheers

You are absolutely right. This is currently my most prized possession.
It is worth to me more than the Rs 17000 + it cost me.

BTW, I had to pay customs duty of about 75$ on top of 149$ for the device and about 35$ for shipping.

around 270$ in total.
expect to pay hefty duty for the more expensive products....

Quote from: Benson Samuel on July 17, 2013, 12:54:35 AM

Grats St Lucifer

thanks benson.

I have done some quick calculations.. It seems if i keep mining 24/7, i can pay my rent with the income.

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Grats St Lucifer

buysellbitcoin

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Activity: 1105

Merit: 1001

https://www.zebpay.com

Quote from: StLucifer on July 16, 2013, 10:52:23 PM

That's 9 months. I could have had a baby by now!!!!

I hate reading this kind of things in morning with coffee in my hands Tongue

Congrats bud.

So now you know BFL single is more precious than baby

But finally you got your precious, Golum will not be happy now Tongue

Cheers

phor2zero

newbie

Activity: 23

Merit: 0

So, my March order should arrive in Dec!! My Jupiter will probably show up before my BFL single.

Torn

member

Activity: 108

Merit: 10

Free Dog to good home

Congratulations!
Grin

I bet you are very happy indeed. I hope it give's you decent ROI still.

(Please send curry to me, I like very much!) Wink

T.

StLucifer

member

Activity: 199

Merit: 10

I think i am gonna let it run as it is, till i recover its cost, before trying firmware upgrades...

Cheesy

I have waited way too long......

Topic: Received my BFL Jalapeno - mining at 5 GH/s (Read 4731 times)