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Title: Can Low End Scrypt ASIC Miners Be Profitable? Post by: paramind22 on November 08, 2016, 01:50:30 PM Do you think low end scrypt ASIC miners can be profitable if used in a type of trading capacity after one is mining?
It seems they could come in handy to support some coins that may have value but not enough support? There are a lot on eBay now under $100. Definition of profitable: like earning interest on a CD/Money Market with a good amount of capital, not "day job" work, and liking the heat (in Seattle one often uses a heater even 8 months out of the year at times). Title: Re: Can Low End Scrypt ASIC Miners Be Profitable? Post by: altcoinhosting on November 08, 2016, 01:53:12 PM Do you think low end scrypt ASIC miners can be profitable if used in a type of trading capacity after one is mining? It seems they could come in handy to support some coins that may have value but not enough support? There are a lot on eBay now under $100. Definition of profitable: like earning interest on a CD/Money Market with a good amount of capital, not "day job" work, and liking the heat (in Seattle one often uses a heater even 8 months out of the year at times). I think it's pretty certain that you'll always have to look at the price and the power draw per Mh. IMHO, i think that if you buy a very old, outdated scrypt miner that draws way to much power per generated hash and costs proportionally more per unit of hashrate than a new miner, you'll always do a bad deal buying one. |