Topic: Scrypt ASIC miners (Read 1736 times)
ASIC always will be SCAM, only producents can earn some money on this shit
Do due diligent before buying.
Remember to start small and only expand if you know what you are doing.
Remember to start small and only expand if you know what you are doing.
Do not buy! Buy Bitcoin and be rich 
Two months ago 1MH/s was ~$100. Now, ~$15.
Do you honestly think that it will be profitable when you lose so much of your initial investment? Meanwhile, ALTcoins are dying and plummeting in value. Not to mention the difficulties are increasing at such a rate that it's starting to make Bitcoin look like an ALT..
Do you honestly think that it will be profitable when you lose so much of your initial investment? Meanwhile, ALTcoins are dying and plummeting in value. Not to mention the difficulties are increasing at such a rate that it's starting to make Bitcoin look like an ALT..
People calculate the profits of scrypt miners as if they will sell every coin immediately as they mine.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
The main problem with this is you really cant "calculate a profit" you are essentially gambling this way.
With BTC mining you spend so much BTC and calculating is much easier.
I do agree Scrypt mining if long term holding on certain coins can be a very good investment.
Wouldn't it be cheaper to buy the coin directly if you want to hold the coin long term?
Depends. If example you spend 1 bitcoin on miner and are able to get over 1 btc PROFIT back then it is better. If you spend one bitcoin on miner and lose money, yes direct would be better.
Electricity price and space among other things are big factors.
Time on monitoring it and staring at it should be factor in also cause you can work and earn better income..
People calculate the profits of scrypt miners as if they will sell every coin immediately as they mine.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
The main problem with this is you really cant "calculate a profit" you are essentially gambling this way.
With BTC mining you spend so much BTC and calculating is much easier.
I do agree Scrypt mining if long term holding on certain coins can be a very good investment.
Wouldn't it be cheaper to buy the coin directly if you want to hold the coin long term?
Depends. If example you spend 1 bitcoin on miner and are able to get over 1 btc PROFIT back then it is better. If you spend one bitcoin on miner and lose money, yes direct would be better.
Electricity price and space among other things are big factors.
People calculate the profits of scrypt miners as if they will sell every coin immediately as they mine.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
The main problem with this is you really cant "calculate a profit" you are essentially gambling this way.
With BTC mining you spend so much BTC and calculating is much easier.
I do agree Scrypt mining if long term holding on certain coins can be a very good investment.
Wouldn't it be cheaper to buy the coin directly if you want to hold the coin long term?
Depends. If example you spend 1 bitcoin on miner and are able to get over 1 btc PROFIT back then it is better. If you spend one bitcoin on miner and lose money, yes direct would be better.
Electricity price and space among other things are big factors.
In truth most coins are more profitable when played in this manner
Wouldn't it be cheaper to buy the coin directly if you want to hold the coin long term?Yes, every coin I am aware of has dropped in price temporarily before recovering. Selling at the peak and buying on the lowest point is always more profitable than holding.
If you don't want to bother with a trillion markets or don't use a trade bot you can store an hour's mining profit and while that money is stagnant you will have it in the future guaranteed. There's a tendency by miners to dump into btc and exit the market totally.
While it's understandable mathematically it creates a hurdle for many serious projects which they struggle to get over.
People calculate the profits of scrypt miners as if they will sell every coin immediately as they mine.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
The main problem with this is you really cant "calculate a profit" you are essentially gambling this way.
With BTC mining you spend so much BTC and calculating is much easier.
I do agree Scrypt mining if long term holding on certain coins can be a very good investment.
Wouldn't it be cheaper to buy the coin directly if you want to hold the coin long term?
People calculate the profits of scrypt miners as if they will sell every coin immediately as they mine.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
The main problem with this is you really cant "calculate a profit" you are essentially gambling this way.
With BTC mining you spend so much BTC and calculating is much easier.
I do agree Scrypt mining if long term holding on certain coins can be a very good investment.
People calculate the profits of scrypt miners as if they will sell every coin immediately as they mine.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
In truth most coins are more profitable when played in this manner however if you actually have faith to hold your yields in x,y,z coin you might end up with a crazy unexpected return in the distant future.
It's easy to diversify your holdings by pointing a scrypt asic at various coins for an hour or two without much commitment to the project overall.
If you sell 1,000,000 ABC coin for .1 btc @ btc~$500, you may be burnt when ABC suddenly swings to a 1 cent coin where that million would go for $10,000: Possibly when btc is ~$10,000 in the distant future.
You will miss pumps if you dump every holding. Food for thought.
Wow!
Thanks for the answers guys,
I wasnt sure, now I think I won't buy any...
I'll try to invest/trade in altcoins instead, hopefully not the wrong ones as usual.
Thanks again, Appreciate it.
Thanks for the answers guys,
I wasnt sure, now I think I won't buy any...
I'll try to invest/trade in altcoins instead, hopefully not the wrong ones as usual.
Thanks again, Appreciate it.
I wish it was the old days where you got some GPU's and it made profit but sadly scrypt has changed alot.
If you want to mine I dont want to scare you away from it. Do some ROI math with straight BTC machines. You can always take that BTC and invest in alt's you like.
Wow!
Thanks for the answers guys,
I wasnt sure, now I think I won't buy any...
I'll try to invest/trade in altcoins instead, hopefully not the wrong ones as usual.
Thanks again, Appreciate it.
Thanks for the answers guys,
I wasnt sure, now I think I won't buy any...
I'll try to invest/trade in altcoins instead, hopefully not the wrong ones as usual.
Thanks again, Appreciate it.
Where can I buy from?
I took a look at gawminers.com, zoomhash.com and minereu.com
And before I buy one, wanted to make sure, If there is any better site?
I thought of GAW Hashlet, but what stopping me is I can't point my hashing power to whatever pool I want.
So is there anything like this? where I can buy a hosted miner, but with full control on it.
Appreciate any advice, It's my first time buying one.
If anyone is wondering, my budget around 300$-500$
Thanks in advance.
I took a look at gawminers.com, zoomhash.com and minereu.com
And before I buy one, wanted to make sure, If there is any better site?
I thought of GAW Hashlet, but what stopping me is I can't point my hashing power to whatever pool I want.
So is there anything like this? where I can buy a hosted miner, but with full control on it.
Appreciate any advice, It's my first time buying one.
If anyone is wondering, my budget around 300$-500$
Thanks in advance.
Out of these 3 companies GAW is the only one that provides hosting. I heard mostly good things about all of them, just note that both GAW and Zoomhash are located in the US, while minereu in Europe.
You might want to choose the one that's closer to your location, so in case something happened it's easier to file a complaint or pay them a visit
I love scrypt, but it is true straight btc miners are easier to calculate roi with. Scrypt is more long term.
Personally I really like to know there is hardware I own. Hashlet is very new. We will know in a few month's if it's amazing or what will happen. I hope it turns amazing even though i have no stake in it atm. Because of how easy they make it seem. At the end you don't have a miner to sell move to a cheaper electricity center
is the downside.
A lot will have to do with "zen pool" and if it can keep the rates coming in that they currently do.
is the downside.
A lot will have to do with "zen pool" and if it can keep the rates coming in that they currently do.
There won't be ROI as the math simple doesn't work out for scrypt ASIC. Hashlet is using bait and switch scheme on the payout.
Where can I buy from?
I took a look at gawminers.com, zoomhash.com and minereu.com
And before I buy one, wanted to make sure, If there is any better site?
I thought of GAW Hashlet, but what stopping me is I can't point my hashing power to whatever pool I want.
So is there anything like this? where I can buy a hosted miner, but with full control on it.
Appreciate any advice, It's my first time buying one.
If anyone is wondering, my budget around 300$-500$
Thanks in advance.
I took a look at gawminers.com, zoomhash.com and minereu.com
And before I buy one, wanted to make sure, If there is any better site?
I thought of GAW Hashlet, but what stopping me is I can't point my hashing power to whatever pool I want.
So is there anything like this? where I can buy a hosted miner, but with full control on it.
Appreciate any advice, It's my first time buying one.
If anyone is wondering, my budget around 300$-500$
Thanks in advance.
Dont buy scrypt asic as it is pretty hard to ROI. Look at all the miner that is going to come which will drive difficulty up..
Personally I really like to know there is hardware I own. Hashlet is very new. We will know in a few month's if it's amazing or what will happen. I hope it turns amazing even though i have no stake in it atm. Because of how easy they make it seem. At the end you don't have a miner to sell move to a cheaper electricity center
is the downside.
A lot will have to do with "zen pool" and if it can keep the rates coming in that they currently do.
is the downside.
A lot will have to do with "zen pool" and if it can keep the rates coming in that they currently do.
Where can I buy from?
I took a look at gawminers.com, zoomhash.com and minereu.com
And before I buy one, wanted to make sure, If there is any better site?
I thought of GAW Hashlet, but what stopping me is I can't point my hashing power to whatever pool I want.
So is there anything like this? where I can buy a hosted miner, but with full control on it.
Appreciate any advice, It's my first time buying one.
If anyone is wondering, my budget around 300$-500$
Thanks in advance.
I took a look at gawminers.com, zoomhash.com and minereu.com
And before I buy one, wanted to make sure, If there is any better site?
I thought of GAW Hashlet, but what stopping me is I can't point my hashing power to whatever pool I want.
So is there anything like this? where I can buy a hosted miner, but with full control on it.
Appreciate any advice, It's my first time buying one.
If anyone is wondering, my budget around 300$-500$
Thanks in advance.
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