Bitcoin Forum

should i buy a 60 Gh/s Butterfly Labs Single  right now for 1,000 would i make my money back in a week?

No, and no.

-R8

have u looked at a bitcoin calculator

Why did you ask the question?

No... means no, and no and no means no and no.

I too wanted to just reply no, no, no, no etc etc.

However as that's already been said and it clearly wasn't the answer you wanted, so I ran some calculations on the above link as that's a lot better than your 60 gh for $1000 at; 30 - 38 gh per $400 Ish.

I assumed you want to buy it to make money and not to heat your room or for fun etc

I also assumed zero electric costs as you didn't say your situation.

Given current difficulty at 390 m and pool fees at 2%, current increase in difficulty of 110% per month and $200 per BTC, if you took delivery on Nov 1st ie yesterday , and not mid Nov, the numbers say you will make $150 in a year.

In summery if you want to have fun mining or heating you room then yes yes yes, but if you are looking for a ROI (return on investment) then no, no, no and no.

Maybe you should consider just buying BTC with the money and see if it rises or falls in value.

Whatever you decide I wish you all the best.

+1

Not!
I you can buy it for 5$ then yes :)

Check out cointerra and pool your money with some friends to buy a 2.THS for $6k (January delivery).  You can also cloud mine and then just sell your GHS whenever you want - check out my signature below. 

Everyone is right, do not buy BFL for 1k!! I just recently got a refund.

Don't pay more than ~$725 dollars for this item.

I would recommend you just avoid anything related to Butterfly Labs altogether.

Agreed - don't touch them with a yard stick.

No and no! Butterfly labs is scam,scam,scam...

Don't do it, the difficulty going to increase another 40% in few days time....

No please, don't buy anything with the tag Butterfly... they will never repair your hardware....

The below post maybe of some interest too.

https://bitcointalk.org/index.php?topic=323857

Don't invest in minery unless you want to loose money. Yesterday I sold my BFL 5 gh for 150 € loosing money, and still I was scamming my friend ( He wants to mine and wants to spend 200 € on USB sticks miners, so I prefer to scam my friend myself before other do), I told him I was scamming him, that there is not possible ROI, but he wants it anyway.

I think OP is in the same way, he wants to mine even if he loose money, he is just waiting somebody says a yes even if it is wrong, let them mine. Somebody clever will recover 1000 $. You can get a few good Bitcoins with 1000$ now, who knows in a few weeks.

No, most likely you won't even break-even 50% of what you paid...

Funny if you really think you can make your money back in a week.

Only if BTC price starts skyrocketing tommorow  :)

Since you are not new to mining, and you have to ask such a question, the obvious answer is: yes, you should buy one, heck, buy 10,   and you will fully deserve the outcome.

If it wasn't for this I would say with 100% certainty that OP was trolling. There are a lot of calculators in the wild with per year decreases in profitability.

This one even has BFL ads. lol:

http://www.bitcoinx.com/profit/


Default 60% decrease of profitability per year....  :D

I got 400 % decrease in a month, are you sure this is right?

First week, 0.019 per day. Second week 0.01. Third Week 0.016 every two days. Fourth week. 0.016 every 3 days. With a BFL Jalapeno 5 Ghs.

The best day, yesterday 1 BTC, when I sold it to a friend who wants to mine at any price.

It should be 30% profitability reduce per 11 days... Based on 40% difficulty increment...

Yeah, I'm sure that calculator rules and 60% depreciation a year is right. You just proved to me that OP doesn't need to be a troll and reduced my faith in humanity just a little bit more.

Seems u have money in hand to throw away, i suggest sing up to cex.io and try that way make few BTC. Anything with buterfly logo= loss

Nah, those company are producing faster and faster ASIC for cheaper and cheaper price... :)

a 60H BFL box for $1000 is a better deal per GH than most of the other equipment on ebay

Buy BTC you will never ROI on mining equipment. Even stuff coming out in January that is 2TH. With the rise in difficulty you will be lucky to get half the BTC you spent.

Only if you can find one for ~$300 or less, in the next 3 days

no
i got one and i am barely getting my ROI back. All their current products are not worth it

I may be biased in this as I'm selling one on eBay right now. The item itself looks neat and geeky. But it is a noisy piece of shit produced by shitty company run by bunch of shitheads. My only hope is that it does not break before I pack it and ship it away. I almost feel sorry for the dudes bidding to pay more than $1000 for it.

You should look up on mining difficulty, and understand that theres only 25 btc that can get rewarded per block. So the odds for you the break $1,000 will determine how many blocks will give you atleast 1 btc.

The odds are very slim, its why most will say no.

This^  Plus the one I got hashes at 20% less than advertised despite the fact that the website claims +/- 10%.  I tried to get my money back when it was 6 months after my order and they still hadn't delivered it but they refused and I had to wait a couple more months to get a pile of crap that wouldn't have ROIed even if it had delivered the full hashrate, hell even if it had double the hashrate.  BFL stands for Big Fucking Liars.  Seriously I think lying is part of their business model.

I own one and have had it for almost a month. My entire take for the last 7 days is 1.1142 BTCMy earnings decrease daily, however the rise in btc/usd is working in my favor. if btc keeps going up in value I may even see ROI by year's end. My electricity is cheap so I might as well keep it running, but it really doesn't earn that much and soon will barely produce dust. just buy bitcoin with your money instead.

No, buy the 1-2 TH/s ASIC from cointerra... best deal right now...