In total I have purchased 100 GH/s of mining gear due to be delivered* sometime between September and October.
I am estimating that 1 GH/s in September/October will earn ~0.01 btc per day, do you guys feel that this assessment is high or low or about right? This estimation is based upon my own gear earning .0175 @ ~850 MH/s up until about last week, when I shut it down.
Is it reasonable for me to expect that 100 GH/s will earn 1BTC per day in September/October? Or do you expect it to be more like 0.50-0.75 per day? Or even less?
*The devices will not be delivered per say but hosted and hashing.
Your thoughts and math are appreciated.
I am estimating that 1 GH/s in September/October will earn ~0.01 btc per day, do you guys feel that this assessment is high or low or about right? This estimation is based upon my own gear earning .0175 @ ~850 MH/s up until about last week, when I shut it down.
Is it reasonable for me to expect that 100 GH/s will earn 1BTC per day in September/October? Or do you expect it to be more like 0.50-0.75 per day? Or even less?
*The devices will not be delivered per say but hosted and hashing.
Your thoughts and math are appreciated.
let's put it this way.......
IF you purchased your BFL kit BEFORE the massive increase and based on the current difficulty increases AND you get the kit BEFORE Mid of August 2013... you *might* just get your money back , IF you mine with it....
But within a month or so, it will be an expensive door stop.
go here:
http://mining.thegenesisblock.com
To validate the figures.
Keep in mind this so far:
30 Day 62 %
60 Day 179 %
90 Day 248 %
and this...
http://thegenesisblock.com/latest-shipment-of-avalon-asics-could-increase-network-hashrate-by-500/
http://www.coindesk.com/bitcoin-asic-builder-terrahash-changes-refund-policy-and-refuses-customer/
Right now, electricity costs are almost negligible because of the massive advantage over the old tech (GPU's) but when you look at the numbers, even ASICs will quickly (well, within a year or so) become money losers - not even counting the initial purchase price. Never mind what you paid for it, without a massive increase in the value of bitcoin, you will be bleeding out money just from turning these things on.
This data also vindicates the decisions of the brave souls who paid massive premiums for immediate delivery (well, within a week or so, normal shipping delay) -- Whether it be ASICminer "high prices" or buying a second-hand unit from a BFL or Avalon customer; the way the numbers are looking, the window of opportunity is closing fast!
