Author

Topic: Yet another new miner (Read 541 times)

hero member
Activity: 1218
Merit: 500
BintexFutures
January 24, 2014, 01:35:40 PM
#4
At that price I would say at present there is no SHA hardware that will make its money back, happy to be proved wrong. There are antminer S1 at 1.9 BTC which whould make their money back and you can get 200G Avalon at the same price that should. The problem is we ar ehitting Chinese new year so you wouldn't receive now for 3 weeks and at that point you have missed the current  difficulty, which is where most of your ROI would come from. You can buy them in country either Europe or USA, wherever you are on fast delivery  but will pay more and ROI will be tight again. I did the maths on a 200G recently and it should make around 4.9 BTC over the next year at 50% increase per month so if you can buy one for less than the dollar equivalent and get it shipped fast it is worth jumping in.

4-5 weeks ago these 200G machines were a great investment and would have almost ROI by now.

newbie
Activity: 2
Merit: 0
January 24, 2014, 12:33:09 PM
#3
Is there any piece of hardware I should be looking at for around $1000 that would be worth it to start with that I could use to start rolling earnings into more and better equipment?
hero member
Activity: 1218
Merit: 500
BintexFutures
January 24, 2014, 09:41:22 AM
#2
The harsh truth is that machine will never return your investment. If you started mining today, with a 50% monthly difficulty increase in the next year it would return 0.6 BTC.
newbie
Activity: 2
Merit: 0
January 24, 2014, 09:37:51 AM
#1
I am wanting to get started mining in the next few weeks and am having issues deciding on what hardware / what kind of payout to expect.
Currently I am looking at getting started by picking up an ASICMiner Cube (30 to 38GH/s) for about $500 on Amazon. I want to use Slush's Pool and am wondering what my payout might look like there.
My plan is to buy another one or two cubes in the next month and then roll my earnings into more equipment for at least one to two months.

Could anyone give me any guidance as to if this is a good plan or if there is any other equipment I should look at to get my feet wet?
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