Still buying Hardware? | Bitcointalksearch.org

Xumpy

newbie

Activity: 20

Merit: 0

I've bought myself an Antminer U3 for 117€ so yeah I'm an idiot.

But let's review:
- It's a good game (most good games cost 60€)
- There is still a little profit (altough if I subtract power consumption it's like 15 cent in 10 hours, for the moment! Cheesy

)
- It's very helpfull in teaching how cryptocurrencies work
- It's just a challange

In short it's just fun to do plus I swore to never buy new hardware unless it can be done with earned BTC.
I invested 117 euros (yeah I know, I've been sacked) and that's it.
The future will tell what's going to happen but hating the bitcoin is a little far catched.

I've calculated that in 1.5 years I have enough to by myself some new hardware if prices are the same by then.
The way I see it that's plenty enough time to teach myself more if it's worth or not.

Maybe the bitcoin isn't even around then anymore. Maybe another coin has taken over or maybe I'll be a millionair (sarcasm).

I don't really care, you know. I don't see my investment as a loss.
I've allready had more fun the last 3 days for this 117€ then I could have on a holliday in the sun Wink

Peace,

Xump

raskul

sr. member

Activity: 434

Merit: 250

Quote from: seriouscoin on November 21, 2014, 02:28:13 AM

Quote from: raskul on November 21, 2014, 02:12:26 AM

Quote from: seriouscoin on November 21, 2014, 01:55:51 AM

bumpity

with the new price cut, i smell a nice wave of idiots coming again.

Hello dumbasses!

hahaha. this only shows how much confidence you have in the future of bitcoin.
anyone who mines to immediately exchange to fiat have ALWAYS been idiots.

Somehow you relate this to the future of bitcoin?

Are you an idiot who invested into mining at lost? If so i salute you.

The road to sucess of bitcoin is bumpy, and certain over several hills of corpses of idiot "investors"

you contradict yourself. first you say that people are idiots for mining when the price drops.. then you say the road to success is bumpy.
if all you have to retort with are personal attacks, you my friend are the idiot.

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: raskul on November 21, 2014, 02:12:26 AM

Quote from: seriouscoin on November 21, 2014, 01:55:51 AM

bumpity

with the new price cut, i smell a nice wave of idiots coming again.

Hello dumbasses!

hahaha. this only shows how much confidence you have in the future of bitcoin.
anyone who mines to immediately exchange to fiat have ALWAYS been idiots.

Somehow you relate this to the future of bitcoin?

Are you an idiot who invested into mining at lost? If so i salute you.

The road to sucess of bitcoin is bumpy, and certain over several hills of corpses of idiot "investors"

raskul

sr. member

Activity: 434

Merit: 250

Quote from: seriouscoin on November 21, 2014, 01:55:51 AM

bumpity

with the new price cut, i smell a nice wave of idiots coming again.

Hello dumbasses!

hahaha. this only shows how much confidence you have in the future of bitcoin.
anyone who mines to immediately exchange to fiat have ALWAYS been idiots.

seriouscoin

hero member

Activity: 658

Merit: 500

bumpity

with the new price cut, i smell a nice wave of idiots coming again.

Hello dumbasses!

IbnBattuta

newbie

Activity: 10

Merit: 0

But it seems that I have to change the fans. Too noisy.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

went from 2 to 4 to 10 s-3's and I purchased 4 or 5 coins.

I pick off used s-3's for about 200 usd on ebay.

comes to 600usd for 1.4-1.5th

I plan to go to 14 in house. will heat my home with them and at 200 usd more or less I won't lose much.

These can under clock / under volt to around .65 watts a gh. hashing at freq 200 giving 400gh at 260 watts.

raskul

sr. member

Activity: 434

Merit: 250

my house needs heating in the winter. i'd rather have some kind of 'money back' on that, than none.
once a miner, always a miner Grin

IbnBattuta

newbie

Activity: 10

Merit: 0

Quote from: Tupsu on October 04, 2014, 07:54:46 PM

Really unbelievable, I still buy the miners. BTC Mining is going on. We have to be a cold winter, and I have a big house.

That was the reason I bought 13 antminers cheap. They a already at betarigs giving me better profit the mining directly BTC and my flat is hot now.

sumantso

legendary

Activity: 1050

Merit: 1000

As soon as the first ASICs came in a year back, small scale mining was over. It is very difficult to get RoI, and the only who actually makes a profit are the hardware companies.

Initially they had a grand business model - build the latest model with advance payment, use it to mine till difficulty goes up, ship it and then use the next advance payments for the next upgrade.

Xian01

legendary

Activity: 1652

Merit: 1067

Christian Antkow

Nope. Cheaper to buy BTC directly with fiat right now vs purchasing a miner to acquire the same amount.

I was tempted to buy a 1.4 TH Prisma @ ~ 1.4BTC, but I can't rationalize reinvesting my mined coins to purchase it right now as it will likely never generate the 1.4 BTC back over it's lifetime.

If I were to buy a miner priced in BTC, I wouldn't touch my stash; would head to Coinbase, buy some BTC with fiat for the purchase with USD.

Haven't even picked up an Antminer S4 as I can't rationalize that purchase either, given Bitmain's track-record lately Sad

Feels like the entire mining landscape is in a funk right now.

Have my 12TH farm that I'll probably keep running until the components die or I get bored of things. Will always continue to run a full Bitcoin node.

opieum2

hero member

Activity: 532

Merit: 500

Mining only makes sense at larger scales right now and with price being what it is, its thin margins at best. You have to be able to run at LEAST 10Ths as of this writing to even hope to make any kind of worthwhile returns. And even that is not much. Home mining is dead really. If you are going to mine it has to be an industrial mine. Best thing is plan for scale. But like any business growth will have to be managed and in the beginning returns will be very low. But like all things, most mining operations will fail due to lack of knowledge in one area or another. Now it must be a full fledged business to have a chance at working. And even that is not guaranteed. For those who want a quicker entry, buy/sell BTC is the better bet.

rammy2k2

legendary

Activity: 1974

Merit: 1003

nopes ... with this btc price ... there is no hardware to make roi

Soros Shorts

donator

Activity: 1617

Merit: 1012

Still buying? Not until something comes out that is significantly more efficient than 0.55 J/GHs at the wall. And that would depend on the price too.

aDude

newbie

Activity: 21

Merit: 0

for the record, i live in Douglas County Washington and pay $0.029 per kWh, or less, in theory the "daily fee" would be lower per kWh. thats all in, after taxes and fees are paid.

for the know it all that wanted to bash this area... Wenatchee, where Chelan and Douglas counties meet, is probably around 90k people, Microsoft, Blackrock and Yahoo have datacenters here, something like 300k sq/ft with plans for over a million sq ft. There isnt an incredible economy but it does exist. This area is quite beautiful and has been ranked in the top places to live in america a number of times. likewise leavenworth is right up the road and it has ranked on most beautiful places to live in the world. we have world class skiing, hiking, climbing, fishing and anything else you might want to do outside. Chelan, Douglas and Grant counties are also about 20% of the total acreage of washington, so not really a "small" place.

Johanna

sr. member

Activity: 255

Merit: 250

Quote from: Houseman on October 22, 2014, 09:19:29 PM

Selling.

For me unless there is a dramatic trend shift in the underlying factors such as:

1. Bitcoin price UP (a lot)
2. Difficulty DOWN
3. Global hash rate DOWN
4. Electricity price DOWN

Then home mining is mostly a 'hobby' and not financially viable anymore. Industrial scale mining farms is where its at...

I posted only yesterday about selling my miners https://bitcointalksearch.org/topic/bitcoin-miner-now-going-to-focus-on-trading-instead-831095

Agree, cause its like totally opposite for 1-4..

RobFordWotWot

sr. member

Activity: 280

Merit: 250

time

I got a slick set of Alan Wrenches for five bucks at a yard sale last Sunday.

mavericklm

hero member

Activity: 742

Merit: 500

If you sell cheap, then yes i do! Grin

Muscleminer

newbie

Activity: 38

Merit: 0

it is a hobby, for many of us, even with free electricity it is sometimes hard to get roi.

Houseman

member

Activity: 156

Merit: 10

Selling.

For me unless there is a dramatic trend shift in the underlying factors such as:

1. Bitcoin price UP (a lot)
2. Difficulty DOWN
3. Global hash rate DOWN
4. Electricity price DOWN

Then home mining is mostly a 'hobby' and not financially viable anymore. Industrial scale mining farms is where its at...

I posted only yesterday about selling my miners https://bitcointalksearch.org/topic/bitcoin-miner-now-going-to-focus-on-trading-instead-831095

Topic: Still buying Hardware? (Read 7131 times)