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Title: minig rig or asic? Post by: r93 on June 15, 2013, 09:52:59 PM hi i'm a newbie. pls tell me what should i do? make a rig or w8 for asic's manufacturs?
where can i buy an asic for example a 5gh/s asic? can i trust chinese sites? i know if i make a rig after some mounths asics will shipping and difficulty will grow up. now tell me what should i do? Title: Re: minig rig or asic? Post by: VolanicEruptor on June 15, 2013, 09:57:39 PM Wait for the improved Eruptor Blades coming out soon from Friedcat. Late June or July, he said.
Title: Re: minig rig or asic? Post by: r93 on June 15, 2013, 10:18:42 PM Wait for the improved Eruptor Blades coming out soon from Friedcat. Late June or July, he said. whats that? is it an asic?Title: Re: minig rig or asic? Post by: r93 on June 15, 2013, 10:38:15 PM Block Erupter blades is very expensive. its a new technolgy. a 10gh/s device is 33bitcoin. but its very simple and strong. can you suggest me a lower price device?
thank you Title: Re: minig rig or asic? Post by: Rhium on June 15, 2013, 10:48:12 PM Donīt buy a rig for bitcoin mining, but you could mine litecoins with a good gaming rig (7950, 7970) since soon the difficulty of bitcoin mining will skyrocket and GPU mining wil be dead(in SHA-256 mining)
You could buy a BFL miner but the delivery will take forever, you could use https://www.cloudhashing.com/ , or go with a group buy of avalon chips and let someone assembly a klondike k-16 for you https://bitcointalk.org/index.php?topic=200067.0;topicseen (european group buy) Title: Re: minig rig or asic? Post by: PeterB on June 16, 2013, 02:46:40 AM Wait for the improved Eruptor Blades coming out soon from Friedcat. Late June or July, he said. whats that? is it an asic?+1 and yes it is an ASIC. Title: Re: minig rig or asic? Post by: dwdoc on June 16, 2013, 02:58:08 AM You can get a couple used radeon 7970 graphic cards for $300 each and add 10 USB miners to the rig which cost about $220 each which will give you 5gh/s but you would probably be better off just buying and holding bitcoin with your money.
Title: Re: minig rig or asic? Post by: r93 on June 16, 2013, 11:04:25 AM oh thank you for your suggestions.where can i pre-order a 4.5 or 5 gh/s asic? i think i should w8 for these asics:P
Title: Re: minig rig or asic? Post by: Rhium on June 16, 2013, 11:19:27 AM oh thank you for your suggestions.where can i pre-order a 4.5 or 5 gh/s asic? i think i should w8 for these asics:P https://products.butterflylabs.com/homepage/5-gh-s-bitcoin-miner.htmlTitle: Re: minig rig or asic? Post by: lantern on June 16, 2013, 11:21:17 AM The best choice right now would be to wait and see. Some of the open source designs based on Klondike's boards and Avalon's chips look promising; they're rolling out (hopefully) in a few months
Title: Re: minig rig or asic? Post by: r93 on June 16, 2013, 09:13:52 PM oh thank you. yes i should w8.i should w8 for asics. which one is beter? asic or bfl?
Title: Re: minig rig or asic? Post by: MoonMiaG4X on June 16, 2013, 09:15:20 PM asic
Title: Re: minig rig or asic? Post by: arrewinki on June 16, 2013, 09:21:12 PM I suggest asic too...
Title: Re: minig rig or asic? Post by: profileWlkj on June 16, 2013, 09:37:28 PM I suggest asic too... Title: Re: minig rig or asic? Post by: xenophanes on June 16, 2013, 09:56:13 PM asic
Title: Re: minig rig or asic? Post by: VolanicEruptor on June 16, 2013, 10:11:50 PM Once you get LASIK you'll see clearly it's ASIC..
Title: Re: minig rig or asic? Post by: Bralak on June 16, 2013, 11:29:35 PM mining rig... on ltc
Title: Re: minig rig or asic? Post by: TAOYAN13 on June 17, 2013, 12:14:40 AM You might try buying few block erupters.
Title: Re: minig rig or asic? Post by: Jim.B on June 17, 2013, 01:11:46 AM When the BFL chips from this last batch all go online (although anybody's guess when that will be, they've delayed shipments so many times) the network difficulty will be so high that only ASICs will be profitable.
But look at mining this way: you have to leave it plugged in and running all day every day for it to make money. People are only going to do that (and pay for the electricity) when it's worth it to them. Say a mining rig costs $X. if it can produce $X in bitcoins in only a few months, then EVERYONE is going to want to spend $X to get one. It's a no brainer. But if the difficulty is so high that it takes one or more years to produce $X worth of BTC, more people will drop off. And people that do have a rig might not run thiers all the time, since it''s not very profitable. So if you think the initial gold rush is over (which I argue it is, since ASICs aren't a secret anymore), then with human greed expect that whatever you spend on a mining rig it will take 12-18 months to recoup your investment. After that the profitability will go down because of the increasing hash rate. If it's less than 12 months for mining rigs to pay for themselves, more people will buy them. If it's more than 18 months, then less people will buy them. Title: Re: minig rig or asic? Post by: sblmras on June 17, 2013, 01:44:39 AM Had this same question. Good post. I believe I will continue to be lazy and just buy with cash and see what happens.
Title: Re: minig rig or asic? Post by: hoping1234 on June 17, 2013, 08:06:51 AM 100% return p.a. isn't all bad
Title: Re: minig rig or asic? Post by: Lohoris on June 17, 2013, 08:10:31 AM OMGWTF why are people pointing him to BFL? Are you crazy?
Don't buy from butterfly labs!! They are known liars, and are up to 10 months late in delivery! They might never ship! I can't believe you really pointed him there, trolling is one thing, trolling his money quite another... Title: Re: minig rig or asic? Post by: coinsquirrel on June 17, 2013, 08:26:34 AM Say a mining rig costs $X. if it can produce $X in bitcoins in only a few months, then EVERYONE is going to want to spend $X to get one. It's a no brainer. But if the difficulty is so high that it takes one or more years to produce $X worth of BTC, more people will drop off. And people that do have a rig might not run thiers all the time, since it''s not very profitable. Why would anyone purchase a rig and then not run it all the time, if it's even the least bit profitable?? Title: Re: minig rig or asic? Post by: Amph on June 17, 2013, 08:34:49 AM don't buy anything that is under 20gh
mantain this ratio, if you want to make profit 5BTC/10GHS/10M difficulty Title: Re: minig rig or asic? Post by: frankenmint on June 17, 2013, 09:56:43 AM When the BFL chips from this last batch all go online (although anybody's guess when that will be, they've delayed shipments so many times) the network difficulty will be so high that only ASICs will be profitable. But look at mining this way: you have to leave it plugged in and running all day every day for it to make money. People are only going to do that (and pay for the electricity) when it's worth it to them. Say a mining rig costs $X. if it can produce $X in bitcoins in only a few months, then EVERYONE is going to want to spend $X to get one. It's a no brainer. But if the difficulty is so high that it takes one or more years to produce $X worth of BTC, more people will drop off. And people that do have a rig might not run thiers all the time, since it''s not very profitable. So if you think the initial gold rush is over (which I argue it is, since ASICs aren't a secret anymore), then with human greed expect that whatever you spend on a mining rig it will take 12-18 months to recoup your investment. After that the profitability will go down because of the increasing hash rate. If it's less than 12 months for mining rigs to pay for themselves, more people will buy them. If it's more than 18 months, then less people will buy them. So eloquent how you described that +1 - FWIW I diversified my approach to btc and cryptocurrency - I have 2 X6500 FPGAs mining BTC and sometimes FRC, I bought 2 1 year shares of cloudhashing 3 5gh singles and a 50 gh single for starters. I've seen varied gains from using the 6500s but they are at least light years past the single 5450 I had been using prior. Title: Re: minig rig or asic? Post by: r93 on June 17, 2013, 02:07:49 PM ok;) asic is best choice! where can i order avalon chips or asics or klondike boards with escrow?thank you for take part in this topic.sorry for my english;)
Title: Re: minig rig or asic? Post by: pixl8tr on June 17, 2013, 03:29:33 PM You can look at the Custom Hardware forum https://bitcointalk.org/index.php?board=76.0 or the Marketplace to take advantage of some of the GB and offers.
Make sure you do your research before investing in any of these offers. Caveat Emptor Cheers Title: Re: minig rig or asic? Post by: usahero on June 17, 2013, 03:34:09 PM Don't buy ASIC. Wait for prices to fall. Because you are not gonna have it paid foritself soon enough, if you buy it at current prices.
Buy gpu, if you have considerabely low electricity cost - around 10c/kwh or lower. Title: Re: minig rig or asic? Post by: gacr on June 17, 2013, 03:38:22 PM asic .... but who knows when you get it shipped .....
Title: Re: minig rig or asic? Post by: r93 on June 17, 2013, 08:16:03 PM i'm very confused:( what should i do?one body said buy asci and another body said dont buy :(
Title: Re: minig rig or asic? Post by: usahero on June 17, 2013, 08:29:48 PM i'm very confused:( what should i do?one body said buy asci and another body said dont buy :( Anything you will do is basically a gamble. Maybe I am right, maybe the guy who adviced you to buy asic is right... In any case, do not buy from BFL. There is a swedish company that promises to produce 350Ghash for around 5k$, shipping in september or october, and unlike BFL, they do not take preorders yet. If you want to buy asic now, I think the best is to buy Avalon. You could also buy a mining shares.. Anything you do is a gamble, and the asic makers are the ones who will profit the most. Title: Re: minig rig or asic? Post by: bongwater on June 17, 2013, 08:31:34 PM Mining Rig all the way
Title: Re: minig rig or asic? Post by: dwdoc on June 17, 2013, 08:36:44 PM i'm very confused:( what should i do?one body said buy asci and another body said dont buy :( Welcome to the club. Title: Re: minig rig or asic? Post by: r93 on June 17, 2013, 10:35:42 PM thank you freinds for helping me().i think in this time i should w8 for asics.i find some company that assemble this boards some company was chinese.but all of them said that i should order and w8 some months.i will w8 till july.when bitcoin was born i mined some coins but bitcoin was under one dollar and i left mining.now bitcoin is +100$:D
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