Terraminer IV (February batch) is the difficulty too high?

Flying Hellfish

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Quote from: Hashcesar84 on January 10, 2014, 03:30:08 AM

Really for miners, if difficulty increase hard the price will increase hard too, so you will earn less btc but they will value more...

I have yet to see a valid argument (IMO) that show's BTC price is following diff as you suggest. I have seen a number of valid arguments (again IMO) that show difficulty follows BTC price.

An increase in difficulty does not mean price of BTC will rise, too many other non-mining external factors can push the price up or down. However an increase in BTC price will almost assuredly bring more hash power to the network as mining profits increase.

Hashcesar84

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Quote from: testerx on January 11, 2014, 01:41:53 AM

Are they December units? If you're concerned about getting any ROI or refund why would you ask for 23k?

February batch not december.

testerx

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Quote from: Hashcesar84 on January 10, 2014, 06:24:17 AM

Quote from: testerx on January 10, 2014, 05:03:04 AM

If you're really all that worried I'd be willing to have these transferred to me through Cointerra, we would just use them as an intermediary so that they refund your original wire after I wire them a payment-they've said before that they were willing to transfer orders if needed and I already have several machines ordered with them so it would probably go fairly smoothly. PM me if you really don't want to be risking your money anymore.

If you want I can sell you both my pre orders throught cointerra for 23k$ if you are concerned pm me.

Are they December units? If you're concerned about getting any ROI or refund why would you ask for 23k?

Hashcesar84

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Quote from: loshia on January 10, 2014, 09:17:14 AM

Quote from: Hashcesar84 on January 10, 2014, 09:08:44 AM

Quote from: southerngentuk on January 10, 2014, 07:49:56 AM

A bird in the hand is worth 2 in the bush. To make on pre-order is a gamble that has paid off for only a minority here.

so which is the best way? everything is gamble so...

there are no others ways to get gh paying moneys at today or maybe you know another way?

Anyway I'm intresting to understand if with 4 th/s, assuming that miners arrive in the 2nd week of February, how many bitcoins could I mine before they will be useless? Huh

how much btc will be worth in February?

BTCBTCBTCBTCBTCBTC

Look at the crystal ball dude

My feelings are telling me that they will be no ROI and you will get your miners at the first week of march

But for the second week of February as you insist:
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=1418481395&dcosts=500&diff_mincrease=30&blpbtc=25&dhsmhs=4000000&diff_mincreasedecrease=3&btcusd=878.01&dpowcon=30&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=0&action=calc
Not enough
Accourding to mine calculations we should not pay more than 1 USD per gigahash after second week of February in order to be able to make any profit. I am talking of stock units ready to mine 2-3 business days delivery
From the other hand

http://bitcoinwisdom.com/bitcoin/difficulty

next dif jump will be around 33%+ let us make it 35 Cry

this is the first calculator saying that I will not earn profit from 4 th in February... just the cost of hardware..almost.

If it is true what's the future of btc? mining is vital for btc, if people don't mine cos they can't earn moneys, who will calculate btc transactions? btc will fall?

loshia

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Quote from: Hashcesar84 on January 10, 2014, 09:08:44 AM

Quote from: southerngentuk on January 10, 2014, 07:49:56 AM

A bird in the hand is worth 2 in the bush. To make on pre-order is a gamble that has paid off for only a minority here.

so which is the best way? everything is gamble so...

there are no others ways to get gh paying moneys at today or maybe you know another way?

Anyway I'm intresting to understand if with 4 th/s, assuming that miners arrive in the 2nd week of February, how many bitcoins could I mine before they will be useless? Huh

how much btc will be worth in February?

BTCBTCBTCBTCBTCBTC

Look at the crystal ball dude

My feelings are telling me that they will be no ROI and you will get your miners at the first week of march

But for the second week of February as you insist:
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=1418481395&dcosts=500&diff_mincrease=30&blpbtc=25&dhsmhs=4000000&diff_mincreasedecrease=3&btcusd=878.01&dpowcon=30&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=0&action=calc
Not enough
Accourding to mine calculations we should not pay more than 1 USD per gigahash after second week of February in order to be able to make any profit. I am talking of stock units ready to mine 2-3 business days delivery
From the other hand

http://bitcoinwisdom.com/bitcoin/difficulty

next dif jump will be around 33%+ let us make it 35 Cry

Hashcesar84

newbie

Activity: 56

Merit: 0

Quote from: southerngentuk on January 10, 2014, 07:49:56 AM

A bird in the hand is worth 2 in the bush. To make on pre-order is a gamble that has paid off for only a minority here.

so which is the best way? everything is gamble so...

there are no others ways to get gh paying moneys at today or maybe you know another way?

Anyway I'm intresting to understand if with 4 th/s, assuming that miners arrive in the 2nd week of February, how many bitcoins could I mine before they will be useless? Huh

how much btc will be worth in February?

BTCBTCBTCBTCBTCBTC

southerngentuk

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I made more BTC with 7GH of USB's than with 60 GH of late BFL ( thanx BFL)

No ROI in $$$$ or BTC yet.

A bird in the hand is worth 2 in the bush. To make on pre-order is a gamble that has paid off for only a minority here.

My biggest mistake has been buying hardware with the BTC mined.

I think this is the time to let the network settle, by the calcs most miners in hand will be worthless in about 4 months. If you can't get ROI in BTC in 8 weeks then forget it and buy/hoard coin.

Easy2Mine

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einc.io

Quote from: Hashcesar84 on January 10, 2014, 06:24:17 AM

If you want I can sell you both my pre orders throught cointerra for 23k$ if you are concerned pm me.

You are smarter than I thought.
You are a real businessman Grin

Hashcesar84

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Quote from: testerx on January 10, 2014, 05:03:04 AM

If you're really all that worried I'd be willing to have these transferred to me through Cointerra, we would just use them as an intermediary so that they refund your original wire after I wire them a payment-they've said before that they were willing to transfer orders if needed and I already have several machines ordered with them so it would probably go fairly smoothly. PM me if you really don't want to be risking your money anymore.

If you want I can sell you both my pre orders throught cointerra for 23k$ if you are concerned pm me.

testerx

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Activity: 609

Merit: 500

If you're really all that worried I'd be willing to have these transferred to me through Cointerra, we would just use them as an intermediary so that they refund your original wire after I wire them a payment-they've said before that they were willing to transfer orders if needed and I already have several machines ordered with them so it would probably go fairly smoothly. PM me if you really don't want to be risking your money anymore.

loshia

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Quote from: Hashcesar84 on January 10, 2014, 03:41:46 AM

Quote from: loshia on January 10, 2014, 03:25:47 AM

I really do hope you know that stuff already, do you?

you betcha! i've already got a miner in November 500ghs from bitfury and I had no problems with it.

Super

Hashcesar84

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Quote from: loshia on January 10, 2014, 03:25:47 AM

I really do hope you know that stuff already, do you?

you betcha! i've already got a miner in November 500ghs from bitfury and I had no problems with it.

loshia

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Activity: 1610

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Quote from: Hashcesar84 on January 10, 2014, 03:30:08 AM

Quote from: Easy2Mine on January 09, 2014, 12:17:44 PM

It's a goldrush.
Everybody think it is easy to earn money.
That drive the difficulty upwards.
Not everyone will earn their money back.
Some will make profit and others don't.
Not all my gear will make their BTC back.
But like all the guys who started earlier, we have deep pockets, we can take a lot of losses untill the hashrate stabilize.
If you pay your Terraminers with US Dollars, then I wouldn't worry much.
BTC price looks very volatile, but compare with 2011 and before it is nothing.
You shouldn't worry about that too much.
The more people jump into this, the more difficult it is to mine BTC, but the higher the prize of BTC will be.
The total sum is that you will earn more if you can keep it profitable.
Have faith.

I reed a lot about difficulty/price increasing.. and I dont, I never thought that make moneys is easy.

Really for miners, if difficulty increase hard the price will increase hard too, so you will earn less btc but they will value more...

I'm not really understanding what can goes wrong... why price is falling down this days?

Do your homework dude about technical details. There is nothing you can do about btc price at all. just make sure you are 100% prepared in terms of all tech details taht is the best you can do at the moment. And be sure that before you make a decision you ask first here. I am not telling you that my opinion is the best of the best. Not at all. But you can read what people say and use your had to make a right choice according to your judgment
In practice you are getting 50% of your roi for first two - three weeks of mining if you are lucky. So once again make sure 0% downtime for the first month

Hashcesar84

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Quote from: Easy2Mine on January 09, 2014, 12:17:44 PM

It's a goldrush.
Everybody think it is easy to earn money.
That drive the difficulty upwards.
Not everyone will earn their money back.
Some will make profit and others don't.
Not all my gear will make their BTC back.
But like all the guys who started earlier, we have deep pockets, we can take a lot of losses untill the hashrate stabilize.
If you pay your Terraminers with US Dollars, then I wouldn't worry much.
BTC price looks very volatile, but compare with 2011 and before it is nothing.
You shouldn't worry about that too much.
The more people jump into this, the more difficult it is to mine BTC, but the higher the prize of BTC will be.
The total sum is that you will earn more if you can keep it profitable.
Have faith.

I reed a lot about difficulty/price increasing.. and I dont, I never thought that make moneys is easy.

Really for miners, if difficulty increase hard the price will increase hard too, so you will earn less btc but they will value more...

I'm not really understanding what can goes wrong... why price is falling down this days?

loshia

legendary

Activity: 1610

Merit: 1000

Quote from: Hashcesar84 on January 10, 2014, 03:21:15 AM

Quote from: rammy2k2 on January 09, 2014, 07:39:33 PM

any pre-order is a bad choice ....

but it is the only way to get gh/s for a good price..

I sow many people selling gh/s for $ on e-buy or like that, but, really, very bad prices.. i'm paying only 3$ per gh/s with cointerra.. I think is a very good price.

I'm only afraid about late or that btc price fall down...

Remember the saying: If you are afraid of wolfs do not go to the woods. But you will understand it better when time comes.
If i was in your shoos i would read as much as i can about ip's subneting DHCP,DNS, how to setup the device and so on so that i would not waste a minute to discover all that stuff when miner came. I would check my fuses/wires if they can take the load. I will prepare everything upfront. It is a way more different then plugging a fridge in your home Grin

I really do hope you know that stuff already, do you?

Hashcesar84

newbie

Activity: 56

Merit: 0

Quote from: rammy2k2 on January 09, 2014, 07:39:33 PM

any pre-order is a bad choice ....

but it is the only way to get gh/s for a good price..

I sow many people selling gh/s for $ on e-buy or like that, but, really, very bad prices.. i'm paying only 3$ per gh/s with cointerra.. I think is a very good price.

I'm only afraid about late or that btc price fall down...

DPoS

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Activity: 462

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such a troll thread!

anyway, let's mine gold under the ocean since that difficulty will push gold to $9000 Oz!

if you follow gold mining, you will see many shut down when the price isn't worth the effort. If bitcoins got consumed like oil, that can be different, but like gold the harder to get bitcoins still compete with all the bitcoins still in circulation

lulz

rammy2k2

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any pre-order is a bad choice ....

Entropy-uc

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As others have said, the Cex.io calculator is a bad choice. They are trying to sell you overpriced miners so they can build their own farm with the profits.

I wouldn't be a buyer of gear that would come in May, for a lot of reasons.

But you purchased this hardware in November as a calculated risk. I assume that you made an evaluation of the risk at that time before spending such a large sum. What has changed about your evaluation?

metroickha

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In November I broke even with 50 GH in two month.
In December I am half way with 200 GH.

So I expect:
In January you break even with 800 GH.
In February you break even with 3200 GH.
In March you break even with 12800 GH.
In April you break even with 51200 GH.

I personally would buy the coins and wait.
The price of the bitcoins will not rise, until people start buying bitcoins.
Mining coins decreases the value because miners will only sell or reinvest.

Topic: Terraminer IV (February batch) is the difficulty too high? (Read 2925 times)