Topic: So say I have X amount of money (Read 1383 times)
Either buy bitcoin now while the price is low and hold for a year or two and see what that is like, or purchase scrypt-based asics and mine on a multipool that pays out in BTC. Don't bother with cloud mining at all, most have been ponzis, have significant problems in payouts, or have moe than a year to achieve ROI. If you can't profit more than 10% in mining in less than 60 days, don't bother.
Let's get to the point.
You want the highest daily payout per dollar invested.
Real numbers as of today (September 11th 2014):
ZenHashlet w/5% autobuy discount - $19.90 or 0.04190 BTC per MH/s SCRYPT
minimum $19.90 + (must purchase 1 item at regular price to open account)
never expires. Accepts BTC only for autobuy. Credit cards and BTC accepted for initial purchase.
daily payout estimate - 0.00067009 minus daily fee of 0.00016600 = $0.2407 or 0.00050409 BTC
1.2030787589498806% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 83.12 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
Note: Multipool may mitigate some of the difficulty increase - not enough historical data to calculate at this time.
If you are not beating these daily percentages you are unlikely to ROI.
ZenHashlet - $20.95 or 0.04374 BTC per MH/s SCRYPT
minimum $20.95
never expires. Accepts credit cards and BTC.
daily payout estimate - 0.00067009 minus daily fee of 0.00016600 = $0.2407 or 0.00050409 BTC
1.1524691358024692% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 86.77 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
Note: Multipool may mitigate some of the difficulty increase - not enough historical data to calculate at this time.
If you are not beating these daily percentages you are unlikely to ROI.
BitcoinCloudServices - $1.189 or .0025 BTC per GH/s SHA-256
minimum purchase 50 GH/s @ $59.44 or 0.125 BTC
5 year contract. Accepts BTC only.
daily payout estimate per GH/s - 0.00001834 no fees = $0.008730
0.7336% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 147.21 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
If you are not beating these daily percentages you are unlikely to ROI.
HashletGenesis w/5% autobuy discount - $0.95 or 0.001985 BTC per GH/s SHA-256
minimum $9.49 + (must purchase 1 item at regular price to open account)
never expires. Accepts BTC only for autobuy. Credit cards and BTC accepted for initial purchase.
daily payout estimate per GH/s - 0.00001846 minus daily fee of 0.000004101 = $0.006858 or 0.000014359 BTC.
0.723375314861461% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 145.76 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
Note: Multipool may mitigate some of the difficulty increase - not enough historical data to calculate at this time.
If you are not beating these daily percentages you are unlikely to ROI.
HashletGenesis - $1.00 or 0.002093 BTC per GH/s SHA-256
minimum $9.99
never expires. Accepts credit cards and BTC.
daily payout estimate per GH/s - 0.00001846 minus daily fee of 0.000004101 = $0.006858 or 0.000014359 BTC.
0.6860487338748209% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 145.76 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
Note: Multipool may mitigate some of the difficulty increase - not enough historical data to calculate at this time.
If you are not beating these daily percentages you are unlikely to ROI.
PBMining - $1.284 or .0027 BTC per GH/s SHA-256
minimum purchase 25 GH/s @ $32.33 or 0.0675 BTC
5 year contract. Accepts BTC only.
daily payout estimate per GH/s - 0.00001834 no fees = $0.008622 (only pays weekly)
0.6792592592592592% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 158.12 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
If you are not beating these daily percentages you are unlikely to ROI.
CEX - $1.80 or 0.003653 BTC per GH/s SHA-256
minimum purchase as little as $0.004937 or .00001000 BTC
never expires. Accepts BTC/Altcoin.
daily payout estimate per GH/s - 0.00001834 minus daily fees of 0.00000611 = $0.005750 or 0.00001223 BTC (pays hourly)
Note: CEX also pays a small amount of NMC and IXC which can also be converted to GH/s or BTC and you can sell your GH/s at any time.
Note: CEX now acts as a free Altcoin wallet and lets you trade any major Altcoin - LTC, DOGE, DRK, NMC, IXC, POT, ANC, MEC, WDC, FTC.
0.3347933205584451% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 298.69 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
If you are not beating these daily percentages you are unlikely to ROI.
Notes on difficulty increases HERE!
Official threads ; https://hashtalk.org/topic/4973/side-by-side-roi-comparison-of-cloud-miners-hashlet-comes-out-on-top-updated-with-5-autobuy-discount-new-genesis-data-and-difficulty-notes
You want the highest daily payout per dollar invested.
Real numbers as of today (September 11th 2014):
ZenHashlet w/5% autobuy discount - $19.90 or 0.04190 BTC per MH/s SCRYPT
minimum $19.90 + (must purchase 1 item at regular price to open account)
never expires. Accepts BTC only for autobuy. Credit cards and BTC accepted for initial purchase.
daily payout estimate - 0.00067009 minus daily fee of 0.00016600 = $0.2407 or 0.00050409 BTC
1.2030787589498806% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 83.12 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
Note: Multipool may mitigate some of the difficulty increase - not enough historical data to calculate at this time.
If you are not beating these daily percentages you are unlikely to ROI.
ZenHashlet - $20.95 or 0.04374 BTC per MH/s SCRYPT
minimum $20.95
never expires. Accepts credit cards and BTC.
daily payout estimate - 0.00067009 minus daily fee of 0.00016600 = $0.2407 or 0.00050409 BTC
1.1524691358024692% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 86.77 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
Note: Multipool may mitigate some of the difficulty increase - not enough historical data to calculate at this time.
If you are not beating these daily percentages you are unlikely to ROI.
BitcoinCloudServices - $1.189 or .0025 BTC per GH/s SHA-256
minimum purchase 50 GH/s @ $59.44 or 0.125 BTC
5 year contract. Accepts BTC only.
daily payout estimate per GH/s - 0.00001834 no fees = $0.008730
0.7336% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 147.21 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
If you are not beating these daily percentages you are unlikely to ROI.
HashletGenesis w/5% autobuy discount - $0.95 or 0.001985 BTC per GH/s SHA-256
minimum $9.49 + (must purchase 1 item at regular price to open account)
never expires. Accepts BTC only for autobuy. Credit cards and BTC accepted for initial purchase.
daily payout estimate per GH/s - 0.00001846 minus daily fee of 0.000004101 = $0.006858 or 0.000014359 BTC.
0.723375314861461% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 145.76 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
Note: Multipool may mitigate some of the difficulty increase - not enough historical data to calculate at this time.
If you are not beating these daily percentages you are unlikely to ROI.
HashletGenesis - $1.00 or 0.002093 BTC per GH/s SHA-256
minimum $9.99
never expires. Accepts credit cards and BTC.
daily payout estimate per GH/s - 0.00001846 minus daily fee of 0.000004101 = $0.006858 or 0.000014359 BTC.
0.6860487338748209% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 145.76 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
Note: Multipool may mitigate some of the difficulty increase - not enough historical data to calculate at this time.
If you are not beating these daily percentages you are unlikely to ROI.
PBMining - $1.284 or .0027 BTC per GH/s SHA-256
minimum purchase 25 GH/s @ $32.33 or 0.0675 BTC
5 year contract. Accepts BTC only.
daily payout estimate per GH/s - 0.00001834 no fees = $0.008622 (only pays weekly)
0.6792592592592592% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 158.12 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
If you are not beating these daily percentages you are unlikely to ROI.
CEX - $1.80 or 0.003653 BTC per GH/s SHA-256
minimum purchase as little as $0.004937 or .00001000 BTC
never expires. Accepts BTC/Altcoin.
daily payout estimate per GH/s - 0.00001834 minus daily fees of 0.00000611 = $0.005750 or 0.00001223 BTC (pays hourly)
Note: CEX also pays a small amount of NMC and IXC which can also be converted to GH/s or BTC and you can sell your GH/s at any time.
Note: CEX now acts as a free Altcoin wallet and lets you trade any major Altcoin - LTC, DOGE, DRK, NMC, IXC, POT, ANC, MEC, WDC, FTC.
0.3347933205584451% earned per day. - Calculation: daily payout divided by purchase price multiplied by 100.
ROI - estimated 298.69 days to break even without difficulty increases.
Note: difficulty increase currently averages 1.119% per day for SCRYPT and 1.201% for SHA-256.
If you are not beating these daily percentages you are unlikely to ROI.
Notes on difficulty increases HERE!
Official threads ; https://hashtalk.org/topic/4973/side-by-side-roi-comparison-of-cloud-miners-hashlet-comes-out-on-top-updated-with-5-autobuy-discount-new-genesis-data-and-difficulty-notes
$10k is about 21 Bitcoins. You'll never mine back 21 Bitcoins no matter what hardware you buy, even with free electric. If you continue to re-invest while mining, that's say another $15k to $20k down the drain that you'll never recoup.
I think another important factor you forgot even with free electrical costs, is the cooling costs required to cool $10k worth of equipment. That's additional costs outside of the one you pay the electric company. Whether it's home or small/medium datacenter, whether it's cheap Antminers or Spondoolies Tech equipment, you're going to have to pony up to extract all that additional heat.
$10k buys you 21 BTC, mining doesn't. Easy decision.
I think another important factor you forgot even with free electrical costs, is the cooling costs required to cool $10k worth of equipment. That's additional costs outside of the one you pay the electric company. Whether it's home or small/medium datacenter, whether it's cheap Antminers or Spondoolies Tech equipment, you're going to have to pony up to extract all that additional heat.
$10k buys you 21 BTC, mining doesn't. Easy decision.
Prime Hashlets could potentially be a good invest, however I wouldn't be investing all 10k into Hashlets. I'd suggest trying with a small amount, such as $500 or maybe even $1000 and then hold the rest in Bitcoin, or whatever else you feel would be a good investment.
At $50 a piece those primes are a tough pill to swallow. 
Prime Hashlets could potentially be a good invest, however I wouldn't be investing all 10k into Hashlets. I'd suggest trying with a small amount, such as $500 or maybe even $1000 and then hold the rest in Bitcoin, or whatever else you feel would be a good investment.
I'd like to know how much "free" electricity the OP has access to, and if it's 110/115/120V or 208/220/240V.
Hmm free electricity...Its change some things, ill let some other people here give out their opinions.
No hardware, its too late.
I would suggest GAW, but instead of picking one type of hashlet, I would take a lot of prime so your future will be garanted with always the best mining technology, and some in the Zenhashlet cause this hashlet mine in the best profitable pool.
10 k is huge, use it wisely.
I would suggest GAW, but instead of picking one type of hashlet, I would take a lot of prime so your future will be garanted with always the best mining technology, and some in the Zenhashlet cause this hashlet mine in the best profitable pool.
10 k is huge, use it wisely.
Ahhh I forgot yes I do have free power. That is a vital piece of info there.
X being 10k. What would you suggest to purchase in hardware for best ROI.
I was looking at it from the perspective of buying the hardware and then using a % of the returns to purchase additional hardware while slowly returning the 10k back to myself over a 4-5 month period. So I would always be rotating in additional hashing power. BTC or Alt Coin equipment either way. What would be the best route to take.
I was looking at it from the perspective of buying the hardware and then using a % of the returns to purchase additional hardware while slowly returning the 10k back to myself over a 4-5 month period. So I would always be rotating in additional hashing power. BTC or Alt Coin equipment either way. What would be the best route to take.
The best answer is do not buy any hardware at all. Nothing that is for sale will make you a positive ROI most likely. The only way that I do well is buying used gear and having free power...even that is not that great these days. Buy 10k worth of Bitcoins and HODL.
X being 10k. What would you suggest to purchase in hardware for best ROI.
I was looking at it from the perspective of buying the hardware and then using a % of the returns to purchase additional hardware while slowly returning the 10k back to myself over a 4-5 month period. So I would always be rotating in additional hashing power. BTC or Alt Coin equipment either way. What would be the best route to take.
I was looking at it from the perspective of buying the hardware and then using a % of the returns to purchase additional hardware while slowly returning the 10k back to myself over a 4-5 month period. So I would always be rotating in additional hashing power. BTC or Alt Coin equipment either way. What would be the best route to take.
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