Topic: WTB some mining equipment that will actually return profit! (Read 680 times)
Actually, I also bought some of the hardware in question on eBay myself ;-)
Step 1: Bought an ASIC rig
Step 2: Mined a bunch of BTC
Step 3: Sold rig for same amount I paid for it on eBay.
Step 4: How is the above unprofitable?
Step 2: Mined a bunch of BTC
Step 3: Sold rig for same amount I paid for it on eBay.
Step 4: How is the above unprofitable?
Lol. Different scenario. Keep repeating that equation though it adds up over time.
I don't think I'll understand eBay buyers in my lifetime.
Step 1: Bought an ASIC rig
Step 2: Mined a bunch of BTC
Step 3: Sold rig for same amount I paid for it on eBay.
Step 4: How is the above unprofitable?
Step 2: Mined a bunch of BTC
Step 3: Sold rig for same amount I paid for it on eBay.
Step 4: How is the above unprofitable?
Building a litecoin rig on the side too. I guess I'll leave btc.
Who says you can't do both? Trade ~29 LTC for one bitcoin. The difference is it takes 20 days to make 29ltc with a $2500 GPU investment, instead of having absolutely no chance in hell at return unless the bitcoin exchange rate keeps climbing buying sha-256 hardware. Not to mention old Sha-256 hardware will be useless for anything some day soon.
Less than two months and your investment would likely be paid off. Then you sell the GPU rig and really make profit.
Uh, If you ever end up with "useless" sha-256 hardware I will gladly pay you shipping costs for it.
Not useless, just worth-less. Bad wording, I'm sorry. Over a span of 6 months or so I'd expect a GPU rig to hold value better, especially if BTC keeps climbing in difficulty.
Worth less money/b yes.
Worthless or useless no.
You won't mine b with it. That's not the only use and mining any crypto coin is not the only profitable use of that hardware.
Building a litecoin rig on the side too. I guess I'll leave btc.
Who says you can't do both? Trade ~29 LTC for one bitcoin. The difference is it takes 20 days to make 29ltc with a $2500 GPU investment, instead of having absolutely no chance in hell at return unless the bitcoin exchange rate keeps climbing buying sha-256 hardware. Not to mention old Sha-256 hardware will be useless for anything some day soon.
Less than two months and your investment would likely be paid off. Then you sell the GPU rig and really make profit.
Uh, If you ever end up with "useless" sha-256 hardware I will gladly pay you shipping costs for it.
Not useless, just worth-less. Bad wording, I'm sorry. Over a span of 6 months or so I'd expect a GPU rig to hold value better, especially if BTC keeps climbing in difficulty.
Building a litecoin rig on the side too. I guess I'll leave btc.
Who says you can't do both? Trade ~29 LTC for one bitcoin. The difference is it takes 20 days to make 29ltc with a $2500 GPU investment, instead of having absolutely no chance in hell at return unless the bitcoin exchange rate keeps climbing buying sha-256 hardware. Not to mention old Sha-256 hardware will be useless for anything some day soon.
Less than two months and your investment would likely be paid off. Then you sell the GPU rig and really make profit.
Uh, If you ever end up with "useless" sha-256 hardware I will gladly pay you shipping costs for it.
Building a litecoin rig on the side too. I guess I'll leave btc.
Who says you can't do both? Trade ~29 LTC for one bitcoin. The difference is it takes 20 days to make 29ltc with a $2500 GPU investment, instead of having absolutely no chance in hell at return unless the bitcoin exchange rate keeps climbing buying sha-256 hardware. Not to mention old Sha-256 hardware will be useless for anything some day soon.
Less than two months and your investment would likely be paid off. Then you sell the GPU rig and really make profit.
Building a litecoin rig on the side too. I guess I'll leave btc.
You are looking at the wrong coins.
Nothing will make a profit these days it seems.
So many bad deals going down, are these people doing the math?!
Anyone got anything small (15Ghs?) at a good price that will make a return.
I'm using this as a calculator http://btc.re/miningcalc
Anyone got anything small (15Ghs?) at a good price that will make a return.
I'm using this as a calculator http://btc.re/miningcalc
Jump to: