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

Flying Hellfish

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Verified Bernie Bro - Feel The Bern!

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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Sugars.zone | DatingFi - Earn for Posting

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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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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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

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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

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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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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.

loshia

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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

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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

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

loshia

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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

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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

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Don't mine, buy BTC instead.

Hashcesar84

newbie

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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

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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

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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

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Activity: 1610

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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? (Read 2908 times)