Topic: Should I sell me 5ghz asic or mine with it? (Read 2346 times)

You can compute here http://btc.re/?t=miningcalc if you can still profit by mining using this hardware

There are people that will pay tens of thousands for  "Mary" or "Jesus" in floor tiles or bread ... do you think stupidity only extends as far as the religious....
Oh wait.. Bitcoin mining IS a religion.....

No you don't its GigaHash, not GigaHertZ. Unless you think its cool to refer them as to GigaHasheZ.

A sell it will by then. I still have a 50ghz in order that maybe arrive in sep or okt but also depends how big its gonna jump the coming few months.

First gonna wait for me tracking number for selling it.

obvious sell, while there are still suckers out there that don't understand how difficulty works, and/or hobbyists with too much money on their hands

difficulty - it did just what i said it would, dropped for a few days (ppl taking GPUs offline) then jumped back up, as a bunch of fools bring their... err, well, things like that Jalapeno online.  it's boggling to me how someone would pay $2000 for one of those

You made the right choice. Take a look at how long it would take to make $1900 mining with that rig:

Makes about 0.13 BTC a day. About every two weeks at current difficulty rate changes, you make 80% BTC/time which is probably an overestimate compared to previous difficulty. In other words think that each month will make ~2/3 the BTC made in the previous month. An infinite gemoetric series of this will say:

profit over infinite months = 3.9/(1-(2/3)) or 11.7 BTC until the 21 million cap is hit. This is also assuming no electricity costs. 11.7 BTC is only worth ~$1200 so you definitely came out ahead selling the unit instead of mining. If you can sell for >$1200 it's worth it. In fact using a finite geometric series:

3.9*(1- (2/3)^4)/(1-(2/3)) = 9.39 BTC over 4 months time so really if you can get $950 (~9.39 BTC) or more it's worth selling it. In other words I think jalapenos in hand should sell for no more than $1200 today to break even.

This of course assumes the recent rate of change of the difficulty becomes the new norm and bitcoins are ~$100 per coin but I feel these numbers are as conservative as you can get. In fact I chose (2/3) month to month change but I think it's really between (1/2) and (2/3) which means even less BTC being mined.

@OP: I'd sell if you could get 10 BTC or more for it.

I decided to sell mine, it went for 19 BTC on Bitmit. I'm not sure you'll get much more than that. Still, I think it may be worth it. I made either 7.5 BTC or $1900, depending on how you look at it.


For a $180 capital outlay, with zero labor costs.

id sell it get a guaranteed ROI on it! and a massive one at that it people are paying that much for it!

AMD's next generation CPU runs at 5 ghz stock.

Congratulations... you can make 15-20 USD a day........ Slightly more than a mexican bean farmer......

5ghz? holy shit you should mine with that, world record clockspeed right there.

Yea still thinking. Like I also like to expand me hashing power but buying a few devices and wait over 6 months is not gonna beat it. Next gen stuff I might gonna order alot and maybe if kncminer delivers. But thats also standing behind the line since the orders underway. Thinking about buying 8 ASICminer shares for it. I will still let me 50 ghz arrive and just let it mine.

Sell it if you care even a little about ROI.
Eventually, it'll get to someone who doesn't care.

If it was known that a jala would mine less than 25 btc in its lifetime, would anyne buy one for 25 btc?

Buying one is a bet that it will, selling one is a bet that it won't. But no one knows.

My personal feeling is that either way, its a good idea to have a guaranteed 20x return, which you can then decide to keep or attempt to parlay into increased hashig power at a later date. But that's just me.

I have a 5ghz from BFL pay date aug 2012 underway soon the order had a bug but should by shipped anytime. Now lately I see auctions going up towards 25 btc. I only paid 130 euro for the machine. Even regretting that I didn't order much more. But no one expected the long wait don't we? More people want asics now then there can by produced.

Now the gold question should I sell me asic when I recieve it or hold it for mining? Like I can look diffrent ways to it. But what you should do in mine position fair answers. Do you think it can mine more then 25 btc in its lifetime?