Will the GAW VAULTBREAKER Be profitable? - page 4.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: DrSnAzZy on July 11, 2014, 01:45:42 PM

Where does gaw post their updates to the public? Like i said new to ASIC

Any and all info is much appreciated. Thanks everyone for the advice.

On their official forum http://hashtrader.com

Quote from: Equate on July 11, 2014, 02:53:11 PM

Quote from: EvilPanda on July 11, 2014, 10:10:14 AM

Quote from: DrSnAzZy on July 11, 2014, 09:40:56 AM

Quote from: EvilPanda on July 11, 2014, 09:33:40 AM

If you're interested in Vaultbreakers go to http://www.bringbackroi.com/
It's now the official site dedicated to this project.

Im still interested in one but there is no way to even guarantee ill get my ROI

It's an investment. If you buy LTC or Doge now there's no guarantee you will profit, but with the recent upgrade Vaultbreakers offer the best $/hash on the market (almost 2 times more than KNC Titan for the same price). I also know GAW is working on a way to guarantee ROI, it's called Project Prime and has been in development for over 2 months, I hope they will reveal some more details soon.

If buying ltc/doge does not guarantee profit , then how would mining the same coins for 3-5 months will make you profit. If LTC rises up , then whatever amount you buy today, in future you would make profit. And if LTC price drops , then ROI from Asic will take even much longer time and profitability is distant dream . So mining profitability is related to LTC price and difficulty and don't mislead the OP .

I never said profitability doesn't depend on the price. If you mine coins and the price stays the same you will profit. If you buy& hold and the price stays the same you won't profit.
If the price drops you will lose money anyway - that's why this is an investment and nobody can guarantee profit no matter if you choose mining or holding coins. There's no misleading here

Equate

hero member

Activity: 770

Merit: 500

Quote from: EvilPanda on July 11, 2014, 10:10:14 AM

Quote from: DrSnAzZy on July 11, 2014, 09:40:56 AM

Quote from: EvilPanda on July 11, 2014, 09:33:40 AM

If you're interested in Vaultbreakers go to http://www.bringbackroi.com/
It's now the official site dedicated to this project.

Im still interested in one but there is no way to even guarantee ill get my ROI

It's an investment. If you buy LTC or Doge now there's no guarantee you will profit, but with the recent upgrade Vaultbreakers offer the best $/hash on the market (almost 2 times more than KNC Titan for the same price). I also know GAW is working on a way to guarantee ROI, it's called Project Prime and has been in development for over 2 months, I hope they will reveal some more details soon.

If buying ltc/doge does not guarantee profit , then how would mining the same coins for 3-5 months will make you profit. If LTC rises up , then whatever amount you buy today, in future you would make profit. And if LTC price drops , then ROI from Asic will take even much longer time and profitability is distant dream . So mining profitability is related to LTC price and difficulty and don't mislead the OP .

DrSnAzZy

member

Activity: 112

Merit: 10

VootCoin PR/IRC Admin

Quote from: EvilPanda on July 11, 2014, 10:10:14 AM

Quote from: DrSnAzZy on July 11, 2014, 09:40:56 AM

Quote from: EvilPanda on July 11, 2014, 09:33:40 AM

If you're interested in Vaultbreakers go to http://www.bringbackroi.com/
It's now the official site dedicated to this project.

Im still interested in one but there is no way to even guarantee ill get my ROI

It's an investment. If you buy LTC or Doge now there's no guarantee you will profit, but with the recent upgrade Vaultbreakers offer the best $/hash on the market (almost 2 times more than KNC Titan for the same price). I also know GAW is working on a way to guarantee ROI, it's called Project Prime and has been in development for over 2 months, I hope they will reveal some more details soon.

Where does gaw post their updates to the public? Like i said new to ASIC

Any and all info is much appreciated. Thanks everyone for the advice.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: DrSnAzZy on July 11, 2014, 09:40:56 AM

Quote from: EvilPanda on July 11, 2014, 09:33:40 AM

If you're interested in Vaultbreakers go to http://www.bringbackroi.com/
It's now the official site dedicated to this project.

Im still interested in one but there is no way to even guarantee ill get my ROI

It's an investment. If you buy LTC or Doge now there's no guarantee you will profit, but with the recent upgrade Vaultbreakers offer the best $/hash on the market (almost 2 times more than KNC Titan for the same price). I also know GAW is working on a way to guarantee ROI, it's called Project Prime and has been in development for over 2 months, I hope they will reveal some more details soon.

DrSnAzZy

member

Activity: 112

Merit: 10

VootCoin PR/IRC Admin

Quote from: EvilPanda on July 11, 2014, 09:33:40 AM

If you're interested in Vaultbreakers go to http://www.bringbackroi.com/
It's now the official site dedicated to this project.

Im still interested in one but there is no way to even guarantee ill get my ROI

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

If you're interested in Vaultbreakers go to http://www.bringbackroi.com/
It's now the official site dedicated to this project.

DrSnAzZy

member

Activity: 112

Merit: 10

VootCoin PR/IRC Admin

Quote from: s1gs3gv on July 10, 2014, 10:02:15 PM

Looks like all VaultBreakers just got upgraded to 750 mhs.

https://hashtrader.com/t/vault-breaker-update/2388

I see that but from my math that doesnt help much on the profitability side. 2% fall in profit every day is quite a bit.

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

Looks like all VaultBreakers just got upgraded to 750 mhs.

https://hashtrader.com/t/vault-breaker-update/2388

DrSnAzZy

member

Activity: 112

Merit: 10

VootCoin PR/IRC Admin

Quote from: brian_23452 on July 10, 2014, 06:16:52 PM

Quote from: DrSnAzZy on July 10, 2014, 07:20:26 AM

Quote from: brian_23452 on July 10, 2014, 05:47:34 AM

Quote from: DrSnAzZy on July 09, 2014, 04:44:58 PM

And how can i calculate the difficulty rise over time? Is there a consistent average?

The average rate of return for a given hashrate has been dropping at a fairly consistent 2% per day for the past 5 months . Basically, to get a really rough estimate of what it will be when you take delivery, look at your rate of return today. Then cut that number in half for every month you have to wait before delivery. This is ignoring costs for electricity.

In the case of the GAW miner which I believe is now slated for 750MH/s for 8000 dollars, you would need to be taking delivery in the first half of August to have a realistic chance of mining as much as the unit costs.

Interesting. is there More profitable option? Different algo? Im running a 25mh/s 750 ti x11 rig right now, obviously not big profits on my rig.

It is a scrypt miner. That means it mines scrypt, not x11. So no.

Edited to add, if there were a more profitable algo it could mine, everyone would mine that and in a few short hours, a day or two at most, it wouldn't be more profitable anymore. I don't think you really understand how this whole mining thing works. I strongly suggest you do some more research before spending thousands of dollars on equipment.

i do understand im asking for in the future. Obviously scrypt is going to be loaded with MH/s when those miners come out. I get that. I know asic are 1 algo chips. Time for me to do some math with more graphics cards. Or other asics

brian_23452

sr. member

Activity: 350

Merit: 250

Quote from: DrSnAzZy on July 10, 2014, 07:20:26 AM

Quote from: brian_23452 on July 10, 2014, 05:47:34 AM

Quote from: DrSnAzZy on July 09, 2014, 04:44:58 PM

And how can i calculate the difficulty rise over time? Is there a consistent average?

The average rate of return for a given hashrate has been dropping at a fairly consistent 2% per day for the past 5 months . Basically, to get a really rough estimate of what it will be when you take delivery, look at your rate of return today. Then cut that number in half for every month you have to wait before delivery. This is ignoring costs for electricity.

In the case of the GAW miner which I believe is now slated for 750MH/s for 8000 dollars, you would need to be taking delivery in the first half of August to have a realistic chance of mining as much as the unit costs.

Interesting. is there More profitable option? Different algo? Im running a 25mh/s 750 ti x11 rig right now, obviously not big profits on my rig.

It is a scrypt miner. That means it mines scrypt, not x11. So no.

Edited to add, if there were a more profitable algo it could mine, everyone would mine that and in a few short hours, a day or two at most, it wouldn't be more profitable anymore. I don't think you really understand how this whole mining thing works. I strongly suggest you do some more research before spending thousands of dollars on equipment.

DrSnAzZy

member

Activity: 112

Merit: 10

VootCoin PR/IRC Admin

Quote from: brian_23452 on July 10, 2014, 05:47:34 AM

Quote from: DrSnAzZy on July 09, 2014, 04:44:58 PM

And how can i calculate the difficulty rise over time? Is there a consistent average?

The average rate of return for a given hashrate has been dropping at a fairly consistent 2% per day for the past 5 months . Basically, to get a really rough estimate of what it will be when you take delivery, look at your rate of return today. Then cut that number in half for every month you have to wait before delivery. This is ignoring costs for electricity.

In the case of the GAW miner which I believe is now slated for 750MH/s for 8000 dollars, you would need to be taking delivery in the first half of August to have a realistic chance of mining as much as the unit costs.

Interesting. is there More profitable option? Different algo? Im running a 25mh/s 750 ti x11 rig right now, obviously not big profits on my rig.

brian_23452

sr. member

Activity: 350

Merit: 250

Quote from: DrSnAzZy on July 09, 2014, 04:44:58 PM

And how can i calculate the difficulty rise over time? Is there a consistent average?

The average rate of return for a given hashrate has been dropping at a fairly consistent 2% per day for the past 5 months . Basically, to get a really rough estimate of what it will be when you take delivery, look at your rate of return today. Then cut that number in half for every month you have to wait before delivery. This is ignoring costs for electricity.

In the case of the GAW miner which I believe is now slated for 750MH/s for 8000 dollars, you would need to be taking delivery in the first half of August to have a realistic chance of mining as much as the unit costs.

TheRealSteve

hero member

Activity: 686

Merit: 500

FUN > ROI

Quote from: DrSnAzZy on July 09, 2014, 04:44:58 PM

And how can i calculate the difficulty rise over time? Is there a consistent average?

If you could calculate that, you should open up a betting office Wink

The most popular Scrypt-based coin is Litecoin, and you can read one blog's notes on its difficulty rise here:
http://cryptomining-blog.com/3053-litecoin-network-difficulty-still-rising-seriously/

DrSnAzZy

member

Activity: 112

Merit: 10

VootCoin PR/IRC Admin

And how can i calculate the difficulty rise over time? Is there a consistent average?

DrSnAzZy

member

Activity: 112

Merit: 10

VootCoin PR/IRC Admin

Quote from: DrSnAzZy on July 08, 2014, 07:35:31 PM

Whats the best calculator to use for realistic profits?

Equate

hero member

Activity: 770

Merit: 500

Quote from: chrisbfrpky on July 09, 2014, 07:52:49 AM

By the time you receive your miner, it'll only make a few bucks a day. Check daily for yourself at Coinwarz' calculator. Add in a few months of difficulty increases and your ROI doesn't exist. Make no mistake, the machine will be "testing" long before you ever receive it. As soon as the profitability drops to nothing, it'll be shipped to you. Funny how that works. Chris B.

That is the story of the Asic manufacturers for quite time and there is no shortage of people who invest in these pre-orders.

chrisbfrpky

member

Activity: 90

Merit: 10

By the time you receive your miner, it'll only make a few bucks a day. Check daily for yourself at Coinwarz' calculator. Add in a few months of difficulty increases and your ROI doesn't exist. Make no mistake, the machine will be "testing" long before you ever receive it. As soon as the profitability drops to nothing, it'll be shipped to you. Funny how that works. Chris B.

PeaMine

hero member

Activity: 979

Merit: 510

I have no way of knowing, but if LTC takes off like BTC, then I'm sure any ASIC will be +ROI in under a year.
Beyond that, much better to buy coins when price is low or coin is brand new and dirt cheap, and have strong hands.

DrSnAzZy

member

Activity: 112

Merit: 10

VootCoin PR/IRC Admin

Whats the best calculator to use for realistic profits?

DrSnAzZy

member

Activity: 112

Merit: 10

VootCoin PR/IRC Admin

Quote from: Equate on July 08, 2014, 02:50:48 PM

Quote from: DrSnAzZy on July 08, 2014, 02:47:15 PM

Quote from: Equate on July 08, 2014, 02:26:53 PM

Quote from: DrSnAzZy on July 08, 2014, 02:24:04 PM

So where is the most profitibility?

Buying coins is always a better option and if you are going to buy scrypt asic, you can buy LTC which are very cheap atm. If you are willing to take risks , then go for the miners.

Well to me, a miner is less risk than putting $7000 into coins. Is there any accurate way to calculate difficulty increase? theres no way this is all a big guessing game lol

It is a big gamble indeed lol and if you can predict difficulty rise, you can't be sure of LTC price in future , in the end , don't invest money which you can't afford to lose and avoid pre-orders.

I totally understand that, hmmmmm got some thinking to do. That vaultbreaker is just so beautiful lol! I have a 25 mh/s x11 mining rig setup now, just love the asic idea. Are there any New algo asics coming out soon? Just trying to think profibility down the road. I need at least ROI

Topic: Will the GAW VAULTBREAKER Be profitable? - page 4. (Read 14299 times)