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Topic: Should I buy a bitcoin miner? (Read 1646 times)

hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
August 18, 2014, 09:31:38 PM
#10
You certainly won't earn your investment back quickly... if at all.

4.5THs right now, will earn you less than 0.10 BTC per day. This amount will decrease 15% every 12 days on average because of difficulty adjustments.

And if you order an SP30 today, you will probably not receive it until the end of September. At that time an SP30 will earn an estimated 0.06 BTC (about $30 at current exchange rate) per day.

So how's that for a quick return on your investment?!  Yes, it sucks.
legendary
Activity: 1344
Merit: 1024
Mine at Jonny's Pool
August 18, 2014, 01:18:30 PM
#9
yeah I know that I did 2 same post, but I need faster response. Thank you for your advice.
Bitcoin mining is NOT A GET RICH QUICK SCHEME!

You will not spend $3900 and turn it into $10000 overnight.  By the way, you won't get that SP30 until September/October.  If you want a get rich quick scheme, look elsewhere.  Of course, you could take the advice given earlier: spend that $3900 on buying BTC directly and then sell it when the price increases.  Instant profit.
sr. member
Activity: 742
Merit: 255
CryptoTalk.Org - Get Paid for every Post!
August 18, 2014, 01:17:40 PM
#8
Forget the whole mining thing...you are relying on others way too much.
newbie
Activity: 3
Merit: 0
August 18, 2014, 11:55:46 AM
#7
yeah I know that I did 2 same post, but I need faster response. Thank you for your advice.
legendary
Activity: 1904
Merit: 1007
August 18, 2014, 03:50:35 AM
#6
I dont want to to wait a long time to make money. I just want to make it faster.

You won't make money faster by posting 2 identical topics with different text colors!
legendary
Activity: 1218
Merit: 1000
August 18, 2014, 12:59:39 AM
#5
No, you can buy almost 8 Bitcoins for $3,900. Hold them for the life of a Bitcoin miner and you will make more than mining.

+10000

Buying a BTC mining rig, escpecially when the price is low has historically proven to be disastrous

Mining might be a cool hobby to show your buddies, but buying and holding BTC has always been more profitable than mining
newbie
Activity: 3
Merit: 0
August 17, 2014, 11:56:59 PM
#4
I dont want to to wait a long time to make money. I just want to make it faster.
hero member
Activity: 764
Merit: 500
I'm a cynic, I'm a quaint
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
August 17, 2014, 11:47:14 PM
#2
No, you can buy almost 8 Bitcoins for $3,900. Hold them for the life of a Bitcoin miner and you will make more than mining.
newbie
Activity: 3
Merit: 0
August 17, 2014, 11:20:51 PM
#1
Hi, I want to buy a bitcoin miner but I want to make some money. Should I buy a SP30 YUKON miner for around 3900$. My electricity cost its about 8 cent per KWh. The SP30 YUKON miner its 4,5TH/s and 3000W. I don't want to buy this machine for 3900$ without making money. Should I buy it and how much will I make?
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