Terraminer IV (February batch) is the difficulty too high? - page 2.

loshia

legendary

Activity: 1610

Merit: 1000

Quote from: klondike_bar on January 09, 2014, 03:02:36 PM

Quote from: Hashcesar84 on January 09, 2014, 12:27:41 PM

Quote from: loshia on January 09, 2014, 12:20:01 PM

And remember in reality you need to pay some pool fee and/or some downtime due to various reasons so remove 5 % at least

are you serious? 5% less? Angry

downtime?!?!?!?! lol... now I'm starting to understand why is better sells miners than mine with them......

5% may be high for downtime, 1-2% is more likely (in a 24hr day that assumes the miner is not mining for 15-30minutes (internet outages, setup rearrangement, tweaking/tuning, etc)

as for the calcs, assume the miner arives at the end of february if lucky, not at the beginning

Add a pool fee and some stales/rejects unavoidable and you are there 5 % is the bottom line for me Wink

Plus shipment in the last day of February and arriving about 5 of march i
I am not mentioning the fact that maintaining a miner is not a newbie friendly thing. It is not like a having a fridge and when red light flashesh just to go to a local store and replace it..And listen to the manager excuses offering you one fridge for free and licking your ass... If you folow my mind. And so on and on and all that nasty stuff is happening at the beginning when you supposed to make the most of your ROI
A week or two lost makes a big difference

klondike_bar

legendary

Activity: 2128

Merit: 1005

ASIC Wannabe

Quote from: Hashcesar84 on January 09, 2014, 12:27:41 PM

Quote from: loshia on January 09, 2014, 12:20:01 PM

And remember in reality you need to pay some pool fee and/or some downtime due to various reasons so remove 5 % at least

are you serious? 5% less? Angry

downtime?!?!?!?! lol... now I'm starting to understand why is better sells miners than mine with them......

5% may be high for downtime, 1-2% is more likely (in a 24hr day that assumes the miner is not mining for 15-30minutes (internet outages, setup rearrangement, tweaking/tuning, etc)

as for the calcs, assume the miner arives at the end of february if lucky, not at the beginning

amer

full member

Activity: 168

Merit: 100

Whatever the difficulty is, it's always too high!

loshia

legendary

Activity: 1610

Merit: 1000

Quote from: Hashcesar84 on January 09, 2014, 12:25:09 PM

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

The more people jump into this, the more difficult it is to mine BTC, but the higher the prize of BTC will be.

So if the difficulty is too high for my miners i will earn profit anyway cos btc price will be so high? Grin

so you answered my question... if people keep buy miners, btc price, CANT collapse...

Folks like you are buying miners dude with your thinking...
Once again good luck and pls when you break even pm pm me I am serious no jockeys here

Hashcesar84

newbie

Activity: 56

Merit: 0

Quote from: loshia on January 09, 2014, 12:20:01 PM

And remember in reality you need to pay some pool fee and/or some downtime due to various reasons so remove 5 % at least

are you serious? 5% less? Angry

downtime?!?!?!?! lol... now I'm starting to understand why is better sells miners than mine with them......

Kenshin

sr. member

Activity: 280

Merit: 250

Don't mine, buy BTC instead.

Hashcesar84

newbie

Activity: 56

Merit: 0

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

The more people jump into this, the more difficult it is to mine BTC, but the higher the prize of BTC will be.

So if the difficulty is too high for my miners i will earn profit anyway cos btc price will be so high? Grin

so you answered my question... if people keep buy miners, btc price, CANT collapse...

loshia

legendary

Activity: 1610

Merit: 1000

Quote from: Hashcesar84 on January 09, 2014, 12:07:57 PM

look at cex.io/calc with 2 terraminer
month return

Feb-14 2128 26 26.80
Mar-14 3192 40 17.60
Apr-14 4787 59 11.40
May-14 7181 89 7.34
Jun-14 10772 134 4.62
Jul-14 16157 201 2.80

for a cumulative return of 70.56 BTC!
with today's price $800

70.56x800= 56.448$

lol? it is not possible?..... I don't know what think about... i payed only 13.6k$ and know earn 56k$ in 6 month? what can goes wrong further late of cointerra? Huh

is the calculator wrong? WTFFFF?!?!??!?

Wrong calc dude
Anyway good luck to you
Btter try this one instead with at least 30 diff increase
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=1180923195.258&dcosts=500&diff_mincrease=30&blpbtc=25&dhsmhs=44860&diff_mincreasedecrease=3&btcusd=740.89&dpowcon=130&btcusd_mincrease=1&pcost=0.15&calcweeks=32&dleadtime=0&action=calc
And remember in reality you need to pay some pool fee and/or some downtime due to various reasons so remove 5 % at least

Hashcesar84

newbie

Activity: 56

Merit: 0

loll but Cointerra didn't delivery everything on time?

anyway if it arrive on April for the calculator I will earn 11 BTC than 7 on May! and it should be enough to pay miners? or not? what can goes wrong? is possible, for u, that BTC crash bad to 200$? This is my fear!

Easy2Mine

hero member

Activity: 854

Merit: 500

einc.io

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.

bowen151

hero member

Activity: 658

Merit: 500

Caveat Emptor

What if...

Miner arrives april = Shocked

Has anyone been on time with delivery of ASIC miners? I don't think they have you know.

Hashcesar84

newbie

Activity: 56

Merit: 0

look at cex.io/calc with 2 terraminer
month return

Feb-14 2128 26 26.80
Mar-14 3192 40 17.60
Apr-14 4787 59 11.40
May-14 7181 89 7.34
Jun-14 10772 134 4.62
Jul-14 16157 201 2.80

for a cumulative return of 70.56 BTC!
with today's price $800

70.56x800= 56.448$

lol? it is not possible?..... I don't know what think about... i payed only 13.6k$ and know earn 56k$ in 6 month? what can goes wrong further late of cointerra? Huh

is the calculator wrong? WTFFFF?!?!??!?

Hashcesar84

newbie

Activity: 56

Merit: 0

but really..how is possible that every profit calculators say that I will earn 26 btc on febraury and than 18 on march!?!? it is not possible? I will have 4 thera hash and it will not be enough to pay miners? how is possible! I'm very afraid now... so why Cointerra should be late with february batch? I reed that they've never been late!

Hashcesar84

newbie

Activity: 56

Merit: 0

so is not possible that miner will arrive in time and difficulty will not be too high? so best way is mine and hold if prize is not enough to pay back miners?

i'd like haven't orderer 13k$ of miners Huh

im so stupid fuck!

loshia

legendary

Activity: 1610

Merit: 1000

Quote from: Hashcesar84 on January 09, 2014, 08:56:34 AM

I bought 2 Terraminer IV in November.. unfortunately "February batch". I'm looking every day about hashrate and difficulty and I'm less and less convinced I made a good purchase.

what do you think about it?
I spent 12.600$ shipping included, bitcoins price is going down (when i placed my order the price was 1000$+ and it was raising, hashrate was very low and difficulty too).

is possible that when i'll get miners bitcoin's price will be more stable on 1000$? or I have to assume that the price will be like 600$?

when i bought miners i checked on cex.io/calc my future profit and it should be like 40 BTC first month!!!! now is 28 BTC that should be very good! but do I have to belive it??!

Thanks!

Dude,

What matters is:
1. If February batch will be on time and will not turn to be March or April batch due to some delays. My feelings tell me that it will be April or may delivery but i hope to be wrong on it
2. What will be diff by then. Let us hope that Chinese new year will slow things down because a lot of miners are silently mining there and everywhere

I would say that according to my feelings you will struggle to get even in both BTC or USd assuming BTC price stays around 1000 USD

And this does not apply to you only but for all preorder shit that is going on.
Nothing against you and Terraminer for sure

If you get your miners on time diff will be to high - less likely
if you get your miners delayed same as above - more likely
The only way to get out of this is:

if you think in USD termes - Mine at a loss for next year or two and wait for btc to raise. No other way to break even in USD only. But question remains if you both 12 Btc for for instance how much profits are you losing...

If btc collapses it does not matter
The only once who will get out of the collapse clean are ASIC vendors themselves Wink

Hashcesar84

newbie

Activity: 56

Merit: 0

I bought 2 Terraminer IV in November.. unfortunately "February batch". I'm looking every day about hashrate and difficulty and I'm less and less convinced I made a good purchase.

what do you think about it?
I spent 12.600$ shipping included, bitcoins price is going down (when i placed my order the price was 1000$+ and it was raising, hashrate was very low and difficulty too).

is possible that when i'll get miners bitcoin's price will be more stable on 1000$? or I have to assume that the price will be like 600$?

when i bought miners i checked on cex.io/calc my future profit and it should be like 40 BTC first month!!!! now is 28 BTC that should be very good! but do I have to belive it??!

Thanks!

Topic: Terraminer IV (February batch) is the difficulty too high? - page 2. (Read 2901 times)