Bitcoin Forum

I need to cough up like 400 dollars to buy the antminer s5 on bitmaintech.com. in the early days you could run off a server but if you compare the hashrate of the server to a bitmain asic(aplication specific integrated circuit) you will find that you are vastly outperformed. Your power costs would be way 2 high to make any profit. Tbh most mining operations are run by companies investors with massive infrastructures. I would suggest cloud mining if they usually didn't turn out to be a ponzi scheme. Hashnest is owned by bitmaintech so I am saving up to buy a few terrahash. Btw see my pm. Hopefully it will help us get started.

 cloud mining ? i just dont get it its just like "give me 2$ i will tell you how to earn 10$"  and the profit on mining depend on electricity cost at your country if i talk about my country there is no profit in mining in my country

kid, you're late to the party. That train has already shipped, and is out of sight.

that is true. you can mine for fun but dont expect to make a profit.

you should go to the mining section and read more about it:

https://bitcointalk.org/index.php?board=14.0

what is this?
are you advertising or asking questions?
you say you need to buy, then answer yourself that it is not worth it and cloudmining is better!!!

make up your mind bro

are you advertising hashnest or something, they do not need it we know they are among the most legit cloud mining, yet cloud mining remain unprofitable and roi is far too tough, for my taste

people want to roi in few weeks, this is why they always fall for ponzi and such with great return...

If you look at it this way, buying s5 hash on hashnest, you have a very good chance of roi.  The price of bitcoins would have to plummet to lose your investment.  I forgot the exact number, but roi is something like ~300 days.  This sounds crappy, but keep in mind you can sell your hash back when you are done.  If you can only get 50% for your hash, then your return would be 50%!  That is  a pretty amazing return.

of course you never can tell what will happen with difficulty and things.  Plus hash seems to be a little expensive there lately so you might have to be patient to get a good price.

I don't get this old wheeze, it was the same thing I heard last year.  I've been mining since November with about 20TH.  I've ROI'd all the boxes (sp20s and S5s) and am at a pure profit at this point. 

That said, I don't think this is a good time to invest in mining gear.  We're going to see the next gen of chips within the next 6 months and the difficulty change may make it impossible to ROI unless you have really cheap electricity.

People have been saying how unprofitable mining is practically since mining began.  Like you, all of my gear has long since made back my initial investment.  Sure, my S3s are pretty much at the end of their life given current conditions (difficulty, exchange rate, etc).  That hasn't stopped me yet. :)

Yeah, I hear you.

I'm about to build out a hosting operation in Washington state to host my own gear and expand my pool, but I'm pretty nervous about purchasing anything in the current gen of chipsets at his point. 

The best way to do it is if you get a solar array...work out the chinks of how much squared space you need per panel and how many miners you can hook up to that thing at 75% output, consider favorable weather conditions depending on where you live. Even if you go to the desert you're still not safe, due to sandstorms and external phenomena.

If you do it off-grid it's a feasible and scalable operation. But you still need a hefty initial investment to generate enough money out of the system. Good luck on getting someone to fork you the money. I actually thought of pitching it to my local bank as an idea for an investment, but then again you need collateral in case btc takes a nose dive.

Electricity is so cheap in WA state that its not worth the investment in solar, not to mention half the year with rain and cloudcover, but its something I'd love to set up in Southern California :)

this thread should not be in speculation.  not sure where it should be at all.

really interested in this theme

We host for $63USD/kW including all tax/VAT. And further discounts for large orders. We're in Canada.