What would you pay? | Bitcointalksearch.org

Funky Al

full member

Activity: 142

Merit: 100

It takes a tough man to make a tender chicken.

Quote from: enquirer on November 29, 2013, 07:25:27 PM

use a mining profitability calculator, for example here http://mining.thegenesisblock.com/. You will see that 5GHz miner running from now to eternity with free power, will generate ~0.3 BTC.

Thanks for the link. I've just discovered a friend of mine who runs an import business claims he can get a 38G/H miner for around £550.

I've don't have much info, but from the numbers I've estimated even this looks like it will struggle to make profit. Will the difficulty increase as much as it says on the site? I can't believe the increase in just a year.

Thanks again for any advice.

pand70

sr. member

Activity: 476

Merit: 250

Quote from: ArpFlush on December 03, 2013, 04:57:09 AM

Quote from: enquirer on November 29, 2013, 07:25:27 PM

use a mining profitability calculator, for example here http://mining.thegenesisblock.com/. You will see that 5GHz miner running from now to eternity with free power, will generate ~0.3 BTC.

After checking this calculator I guess not a single device will give me profit after march 2014 Cry

The problem is that march is way to far and every estimation will probably fail. IT all depends on you want to see things. If you want to see profit you ll probably estimate things with a positive bias.

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: ArpFlush on December 03, 2013, 04:57:09 AM

Quote from: enquirer on November 29, 2013, 07:25:27 PM

use a mining profitability calculator, for example here http://mining.thegenesisblock.com/. You will see that 5GHz miner running from now to eternity with free power, will generate ~0.3 BTC.

After checking this calculator I guess not a single device will give me profit after march 2014 Cry

Well they will generate a net operating profit on a day-to-day basis but not when the cost of the initial hardware is figured it. Unless you can get the miner for free or 1/2 off it's not worth buying anything right now.

ArpFlush

hero member

Activity: 623

Merit: 500

Quote from: enquirer on November 29, 2013, 07:25:27 PM

use a mining profitability calculator, for example here http://mining.thegenesisblock.com/. You will see that 5GHz miner running from now to eternity with free power, will generate ~0.3 BTC.

After checking this calculator I guess not a single device will give me profit after march 2014 Cry

BTCNations

newbie

Activity: 14

Merit: 0

yes, its pretty cheap now at cex.io, but its worth consideration justkeeping BTC too.

Funky Al

full member

Activity: 142

Merit: 100

It takes a tough man to make a tender chicken.

Quote from: Rannasha on November 30, 2013, 08:39:57 AM

You can get virtual hashpower at cex.io for 0.066 BTC per GHash/s. And that is uncertain whether it'll get you your coins back.

With any mining investment, check if it is cheaper than cex.io. If not, forget about it.

Yeah, I looked at that too. Just think I had a misplaced idea about owning my own mining rig, but that seems a much better idea.

Thanks.

Rannasha

hero member

Activity: 728

Merit: 500

You can get virtual hashpower at cex.io for 0.066 BTC per GHash/s. And that is uncertain whether it'll get you your coins back.

With any mining investment, check if it is cheaper than cex.io. If not, forget about it.

Funky Al

full member

Activity: 142

Merit: 100

It takes a tough man to make a tender chicken.

Thanks for the replies, I'll take it off my Christmas list for now.

Pand70, I'll have to have a think about your offer and let you know.

Cheers.

pand70

sr. member

Activity: 476

Merit: 250

If you want you can give me 0.7 btc and i 'll give you back 0.5 in a year.
Trust me it's a better deal than to buy that miner. Shocked

enquirer

sr. member

Activity: 306

Merit: 257

use a mining profitability calculator, for example here http://mining.thegenesisblock.com/. You will see that 5GHz miner running from now to eternity with free power, will generate ~0.3 BTC.

Funky Al

full member

Activity: 142

Merit: 100

It takes a tough man to make a tender chicken.

I've seen some butterfly labs 5G/H rigs on eBay.

The general consensus is that mining isn't profitable but if I cash out 0.7 BTC I could probably get one of these. I could set it up at work and not get in trouble as I'm the boss.

I bought the the BTC at a much lower rate than they are now so would this be worth a look or is it not enough power considering the difficulty increase?

Thanks for any input.

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