Topic: what is the best mining hardware for 1000 us dollars (Read 9090 times)

You could also just point your scrypt miner toward Middlecoin.com.  They automatically switch to the most profitable coin of the day - and then pay you in BTC.  The pool fee may seem high (nearly 4%), but think of not having to manage all of your miners and re-point them ... or pay BTC transaction fees to convert your currency.

Also - I can vouch for the administrator.  He spent considerable time trying to help me on something that was basically me being a n00bie retard (and he was very kind not to point that out).


RIGHT!  :-)  You could even mount your rig in one of those little fake heaters that are supposed to look like a fireplace.  Fool your spouse!

Look at this
http://www.coinwarz.com/cryptocurrency

Notice something... Almost ALL Scrypt coins will beat out BTC

Pick up a few 7950's and mine the hot alts. Dump everything and exchange for LTC DAILY!

Besides.. Fall and Winter are right around the corner!! Double Dip - Mine Alts + Heat your house!!

Just to put my 2 cents to the story i have in total 10 Gh but my income from that is not really massive
especially since the diff jumped like a rocket upwards on many days i make 0.003 btc and on some days i get 0.02 btc spread over 2 to 3 pools so in total i make not nearly they predicted numbers which the current calculation tools give.

This all is being caused by the massive increase in hash power each week, ofcourse we know we can expect it only to getting worse for the small miners.
The lucky big spenders do still get a decent amount of income but will soon feel the hurt as well. since more and more powerfull machines will enter the arena and in bigger numbers

So long story short the investments we make now into mining equipment will probably hardly return the invested money.
Those who have made a fortune in the paste are again the big winners because they can buy the newer and faster machines first and thus make again some more then the ones who enter the arena later.
Because of lack of the needed funds this is become again the rich boys game from now on at the sha256 coins.
Even the worthless coins are soon hard to get without huge mining power because of the merged mining.

I would tend to agree with this.  The only problem is that a readily available ASIC is not a very profitable ASIC.

For a little over $1000 (10.5 BTC), you can currently buy the old model 13GH/s ASICMiner blade and have it delivered to your door in 2 days if you live in the US. I estimate that it would make back at least 5 BTC over 6 months but will probably never achieve ROI. I did buy this because I have a little bit of excess BTC that I don't want to hold or convert to USD.

There is no 1000 dollar rig even you have much space. Let me share you one thing. How the 40 meter square can do the most? For me, Only mineral oil (or vegetable oil) or water can do the thing.

In my solution, This should be raised to 2,000 for accoustic control and high performance.

If you don't care, Malta variance(including ares 2 or powercolor demonic one) may be the solution for your current rig.

However the rig is not designed for SHA-2, it is designed for scrypt mining. It looks like the scrypt is more reasonable for as there is no scams at a moment.

Agreed more or less.  But I think it's 100% certain that the argument that GPU cards are the 'only way to go' because you can resell them for a large percentage of cost is completely wrong.  The hash rates are simply ridiculously low and the hassles and maintenance fairly high.  There is no way to approach 1/3 the production of even USB Eruptors and those are poor in production.

well, we all know it won't stay constant

it's going to go up another 20-30% here in a week or less

plus you're not including any costs incurred to run the things (or equipment failure), and if it's something you're doing for profit rather than a "hobby", the value you place on your time

i have not seen an ASIC w/ a price that is worth buying or even taking a risk on (ala avalon 1 and avalon 2) in a long time

let's see, for $1000 you could get maybe 30 max, 10 g/hash.

At current rates (or last I checked) that would produce one bitcoin every 6 days, so IF THAT STAYED CONSTANT you'd get 15 btc in 90 days.

But it isn't going to stay constant, so the return might be half or 7.5 btc...

Pool money together with other people to buy shares in a larger ASIC minger. But this might mean you don't get the machine yourself. If its something your are wanting to see an be proud to look at then buying erupters in bull may be your best bet

ppl will pay too much for them

you'd be better off buying GPUs in the auction section then selling them on ebay

ASICMINER Blades or Jalapenos in the Auction section if you can get them ASAP. Or just buy BTC.

nine point whatever bitcoins

I shut my GPU miner down after my wife saw the power bill. I'm getting ready to put the video cards on ebay, but I'm seeing that the price is dropping even brand new. I was hoping to sell a 7950 for $225, and Amazon currently has that exact card for $225 after rebate.

I'm now running 4 USB miners on a Raspberry Pi. It's bringing in about $2 a day. I do expect them to pay for themselves, but it will take a while. Meanwhile, I started doing solo mining on Primecoin last week, and was pulling in $10 a day per machine. But that was short lived. Now I'm lucky to bring that in between several machines doing pooled mining.

So mining for a profit really isn't working out, but it's still a fun hobby.

I came here to get answers and chew bubble gum.  And well, I do have this gum to chew.

But seriously, there are some great suggestions here. 

I am one of those suckers who spent around $60 each for ASIC block erupters.  Just got 3 of them last week.  It ended up costing about $185 total, which I put on a PayPal BillMeLater account.  Everyone told me how stupid I was, but if my math holds up these things will *just barely* pay for themselves in time for me to pay the PayPal bill off and not owe any financing (6 months same as cash deal).  And then what?  They might make a few bucks a month?  Oh well.  It's still a few bucks a month.

I had this idea that I would start mining other coins and then sell those coins for BTC.  But all the coins seem to be going the way of scrypt, and I didn't realize at the time that my little USB ASIC's were worthless for mining scrypt.  Oh well.  Lesson learned.

Still, at the moment I am doing well mining Primecoin.  But I too would like to buy some better hardware for mining.  Still seems like video cards are the best bet for what you can buy RIGHT NOW, and as others have stated you can sell them on eBay to a gamer when you are done beating them up and they have stopped making you money.

DISCLAIMER: Electricity and cooling does not apply in my situation and does not factor into my expense VS rewards.  :-)

Best bet right now is just to buy $1000 worth of BTC over a few weeks - much less risk and probably better ROI than buying hardware atm.

For $1000, wouldn't the best bet to invest in ASICMiner or one of the other IPOs?  Check the Securities forum.  For a small amount of money, I think buying shares in a mining pool is a better way to go than buying your own hardware as there isn't really anything in that price range.  If you had $2k to $10k, then I'd say buy some hardware.

Eh, isn't 2000khash on litecoin a whole $150-$200/mo?

Use your existing hardware to mine litecoins and exchange them at btc-e

You can make an extra machine with 7950's.


I would recommend just mining litecoins to exchange them and once ASIC's are common and ship within weeks, only then get yourself an ASIC.

Personally, at $1000, forget about mining Bitcoin as their difficulty shooting up the roof, especially the USB and payback is more than ONE year at CURRENT difficulty. Imagine in 6 months time when even more ASIC is released into the market.

Best BET is buy some coins, maybe Litecoin cos it's cheap and predicted to go up.

But IF you must go into Mining, scrypt mining is the best bet. Maybe Litecoin or some other Alternate currencies.