You might have to monitor and switch to mining sha alts at some point which while lower cost can also be lower difficulty. There are many choices out there for them but when and which to switch to all depends on value relative to bitcoin and the difference in difficulty. There are a couple alts which are not setup for merge mining and they may be a good harbor for when BTC and BTC+Merged alts are no longer profitable vs. electricity costs.
Lastly, remember breaking even and even operating at a slight fiat negative may not be such a bad bargain, those who did before the meteoric price rise to $800+ are probably happy now and even if BTC did not rise so much they should feel happy they are helping to secure their investment in the system by keeping hash rate distributed between different pools, solo miners etc. which is a fundamentally necessary job whose fiat equivalent can cost much more money in the form of banking/investment fees etc. and with less direct control of how your investment is being secured.
Topic: Will my 37-38 Gh/s Block Erupter Cube even break even? (Read 1626 times)
You won't mine a whole Bitcoin with it if your starting point is now, but what you can mine before it turns into a paperweight has a good chance to at least make you the $800 back you initially put down - provided the value increases enough. 
Every miner will breakeven, just depends how much time you have...
Also depends what price you pay.
If you got a Blocker erupter cube super cheap then yes... it would break even.
If you do get one I suggest you mine alt-coins with it though, if your lucky with the coin you mine you may make something on it.
I suggest mining something as soon as its launched, even if it sounds crap... you never know what it may turn into one day.
Also depends what price you pay.
If you got a Blocker erupter cube super cheap then yes... it would break even.
If you do get one I suggest you mine alt-coins with it though, if your lucky with the coin you mine you may make something on it.
I suggest mining something as soon as its launched, even if it sounds crap... you never know what it may turn into one day.
solo mine. maybe you'll find something in 5 years 
Just get on ebay and type in bitcoin mining rig
*sigh* Good luck with that.
Just get on ebay and type in bitcoin mining rig
800$ man you got jipped for 35G/H They are selling 100G/h mining rigs for under a grand on ebay.
Feel free to link me to a 100Gh/s rig that is actually shipping now for 1000$. Thank you for the speculation guys
No, unfortunately it will never make 1 BTC. Maybe half or two thirds of that.
I disagree with you there is more options to make 1BTC for instance if he mined something like betacoin then traded them he could make 1BTC in roughly 3BTC in a year that's if current betacoin rates stay the same which they probably will go higher. You don't have to just mine BTC there is many options out there to trade to BTC. 
No, unfortunately it will never make 1 BTC. Maybe half or two thirds of that.
800$ man you got jipped for 35G/H They are selling 100G/h mining rigs for under a grand on ebay.
Difficulty increasing is just something you need to accept, if you want to be a miner. 
I don't have free power. But if BTC going up over $2000, will you break even? Of course you will. That is why if you look at long term, you are better off. Because if BTC going up to $2000, you will need that much money to get 1 BTC. But when you are a miner, you don't pay any more apart from the cost of power. I think of my mining rigs as a toy. All boys toy cost money.
I don't have free power. But if BTC going up over $2000, will you break even? Of course you will. That is why if you look at long term, you are better off. Because if BTC going up to $2000, you will need that much money to get 1 BTC. But when you are a miner, you don't pay any more apart from the cost of power. I think of my mining rigs as a toy. All boys toy cost money.
Equipment costs: 800$
...
Output: 37Gh/s
$800 is roughly 1BTC at current rates,...
Output: 37Gh/s
37GH/s might generate 0.7BTC within a year/ever (not even counting power costs).
The only way to ever "break even" (at least in FIAT terms), would be a higher BTC price
and in that case you would've been better off just buying 1BTC for your $800,
because, well, 1 is more than 0.7.
If you're in for the profits, don't start mining.
Yeah, looking at it now I see this thing will start costing me money within a few weeks unless the BTC price skyrockets or the difficulty stops increasing(unlikely I guess). ...and I need to find some free power soon. I did the calculations here: http://bitcoinwisdom.com/bitcoin/calculator
No matter how I look at it there's simply no way this will make me any money at all. Luckily I haven't quit my day job ;-)
But is a 30% diff increase every two weeks really plausible?
Equipment costs: 800$
...
Output: 37Gh/s
$800 is roughly 1BTC at current rates,...
Output: 37Gh/s
37GH/s might generate 0.7BTC within a year/ever (not even counting power costs).
The only way to ever "break even" (at least in FIAT terms), would be a higher BTC price
and in that case you would've been better off just buying 1BTC for your $800,
because, well, 1 is more than 0.7.
If you're in for the profits, don't start mining.
It will break even, all miner does. The question is how long will it take. Also if the bitcoin price rise, you will break even quicker.
Well, that's only assuming power is free
@0.4$/kWh it doesn't take much fluctuation before it never breaks even.
few weeks ago i bought butterfly jalapeno for 200$, not sure when it breaks even
if the bitcoin price will stay the same, but I still like it very much and love mining, anyhow this price is very
good compared to the prices in ebay of the same hardware.
if the bitcoin price will stay the same, but I still like it very much and love mining, anyhow this price is very
good compared to the prices in ebay of the same hardware.
I just bought a Block Erupter Cube - luckily mostly for fun, since the outlook doesn't look too good with the difficulty rise.
According to the profit calculator @ http://www.bitcoinx.com/profit/ I will break even, but I have a strange feeling this "calculator" is way off when it comes to the rise in diificulty?
So, my question is - how likely is it that I will break even within a year with the stats below?
Equipment costs: 800$
Electricity costs: Currently 0.4$/kWh (insane energy tax country!) but hopefully I can make a deal with a friend and set it up at his solar powered place. Let's assume the crazy 0.4$/kWh for now.
Electricity consumption: 280W
Output: 37Gh/s
Let's hope I get some skilled answers even though it's posted in newbies
According to the profit calculator @ http://www.bitcoinx.com/profit/ I will break even, but I have a strange feeling this "calculator" is way off when it comes to the rise in diificulty?
So, my question is - how likely is it that I will break even within a year with the stats below?
Equipment costs: 800$
Electricity costs: Currently 0.4$/kWh (insane energy tax country!) but hopefully I can make a deal with a friend and set it up at his solar powered place. Let's assume the crazy 0.4$/kWh for now.
Electricity consumption: 280W
Output: 37Gh/s
Let's hope I get some skilled answers even though it's posted in newbies
It will break even, all miner does. The question is how long will it take. Also if the bitcoin price rise, you will break even quicker.
I just bought a Block Erupter Cube - luckily mostly for fun, since the outlook doesn't look too good with the difficulty rise.
According to the profit calculator @ http://www.bitcoinx.com/profit/ I will break even, but I have a strange feeling this "calculator" is way off when it comes to the rise in diificulty?
So, my question is - how likely is it that I will break even within a year with the stats below?
Equipment costs: 800$
Electricity costs: Currently 0.4$/kWh (insane energy tax country!) but hopefully I can make a deal with a friend and set it up at his solar powered place. Let's assume the crazy 0.4$/kWh for now.
Electricity consumption: 280W
Output: 37Gh/s
Let's hope I get some skilled answers even though it's posted in newbies
According to the profit calculator @ http://www.bitcoinx.com/profit/ I will break even, but I have a strange feeling this "calculator" is way off when it comes to the rise in diificulty?
So, my question is - how likely is it that I will break even within a year with the stats below?
Equipment costs: 800$
Electricity costs: Currently 0.4$/kWh (insane energy tax country!) but hopefully I can make a deal with a friend and set it up at his solar powered place. Let's assume the crazy 0.4$/kWh for now.
Electricity consumption: 280W
Output: 37Gh/s
Let's hope I get some skilled answers even though it's posted in newbies
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