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Title: Mining with <$500 for Fun? Post by: ssl303 on November 09, 2013, 06:43:32 AM I'm looking to mine for fun with around $500. Which is the best option, 2xasicminer blades? I live in US.
This is strictly for fun, not to necessarily make profit, so advice not to buy or buy btc on exchange don't count. :) Title: Re: Mining with <$500 for Fun? Post by: kuusj98 on November 09, 2013, 09:51:14 PM I'd go with Blades.
Title: Re: Mining with <$500 for Fun? Post by: notlist3d on November 09, 2013, 10:08:20 PM Blades are a lot of fun with low maintenance. I have to admit i did like the days of USB's lighting away though. Since hubs + usb's are sold out on sets i believe on group buys i would do blades.
Title: Re: Mining with <$500 for Fun? Post by: Kenshin on November 09, 2013, 10:14:37 PM I'm looking to mine for fun with around $500. Which is the best option, 2xasicminer blades? I live in US. This is strictly for fun, not to necessarily make profit, so advice not to buy or buy btc on exchange don't count. :) Bluefury is what you want. Asicminer blade use too much power consumption. Title: Re: Mining with <$500 for Fun? Post by: Paladin69 on November 09, 2013, 10:59:42 PM I'm not sure how losing lots of money could be fun. It'll take you forever to generate 1 BTC for $500 because ASIC developers and resellers are greedy, even during these exploding difficulty times. Where if you catch the possible upcoming correction you could get more BTC for that money and watch it grow over time. That seems more enjoyable to me.
You can spend a lot less money if you just want to learn how to mine with a shitty USB stick or something. Title: Re: Mining with <$500 for Fun? Post by: tripppn on November 09, 2013, 11:47:57 PM Might want to consider the new USB sticks like the red fury one. I'd imagine asicminer will be putting out new upgraded ones before too long too.
Title: Re: Mining with <$500 for Fun? Post by: ssl303 on November 10, 2013, 12:14:50 AM It seems like fury is $100 for 2.6gh, but blade is $200 for 10gh... Wouldn't blade be better?
Title: Re: Mining with <$500 for Fun? Post by: ScryptAsic on November 10, 2013, 01:14:57 AM I'm looking to mine for fun with around $500. Which is the best option, 2xasicminer blades? I live in US. This is strictly for fun, not to necessarily make profit, so advice not to buy or buy btc on exchange don't count. :) Just buy 1 USB erupter for fun... don't spend $500 since you won't make your money back... Title: Re: Mining with <$500 for Fun? Post by: botolo86 on November 10, 2013, 01:38:14 AM If you buy 2 blades with that amount and you use your 20GHps, you should mine around 0.00197 BTC per day and it will take you 50 days to mine a bitcoin, at current difficulty level.
Title: Re: Mining with <$500 for Fun? Post by: PrintMule on November 10, 2013, 01:55:25 AM Why not buy a gpu or two if it's for fun? You can even play games simultaneously with it, and the heat output is useful in winter. Also you can resell it if you want out.
Title: Re: Mining with <$500 for Fun? Post by: int3ractivodular on November 10, 2013, 11:05:21 PM Why not buy a gpu or two if it's for fun? You can even play games simultaneously with it, and the heat output is useful in winter. Also you can resell it if you want out. This is the best option Title: Re: Mining with <$500 for Fun? Post by: rampalija on November 10, 2013, 11:45:08 PM i would buy BTC with 500 $ for fun and sell it by higher price just for fun :)
Title: Re: Mining with <$500 for Fun? Post by: notlist3d on November 10, 2013, 11:54:13 PM Does anyone know how many BTC $500 will generate per day? I highly suggest doing your own math. Difficulty increase is the unknown, but it is guaranteed to keep going up. For the money the best current option that you can get is blades. I wish the Bitfury usb was lower priced, but i still say go with blade for 10 ghz and pay more electricity unless your electricity is extreme. Right now 2 btc for 2 blades and use old power supply. If better option for under 500 dollars i would like to know aswell. Once next gen chips are in more mass production it will obviously change drastically. Title: Re: Mining with <$500 for Fun? Post by: Gumbork on November 11, 2013, 01:50:14 AM Does anyone know how many BTC $500 will generate per day? You can search for online calculator, but the revenue drop about 20-30% every 11 days... So good luck... Title: Re: Mining with <$500 for Fun? Post by: huryde on November 11, 2013, 05:42:32 AM Cex.io (http://goo.gl/9pTiRI) at .09 BTC per 1GHs hashing power it's close to the best mining power bang for your BTC. This way you can hopefully recover most all of your investment as well instead of being stuck with hardware you can't get rid of.
Title: Re: Mining with <$500 for Fun? Post by: frankenmint on November 11, 2013, 10:06:22 AM i would buy BTC with 500 $ for fun and sell it by higher price just for fun :) Thank you that one made me laugh good! Title: Re: Mining with <$500 for Fun? Post by: Thenen on November 11, 2013, 03:31:54 PM Does anyone know how many BTC $500 will generate per day? You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 :)... Title: Re: Mining with <$500 for Fun? Post by: rampalija on November 11, 2013, 11:46:31 PM Does anyone know how many BTC $500 will generate per day? You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 :)... you can make profit with 500$ as you can make with 5000$ ROI is the same if you buy 1 or 6 GPUs or GHs on the market Title: Re: Mining with <$500 for Fun? Post by: SquallLeonhart on November 13, 2013, 01:23:45 PM Does anyone know how many BTC $500 will generate per day? You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 :)... you can make profit with 500$ as you can make with 5000$ ROI is the same if you buy 1 or 6 GPUs or GHs on the market But the problem is none the mining equipment is profitable even if it is 10000$... Title: Re: Mining with <$500 for Fun? Post by: rampalija on November 14, 2013, 11:39:18 PM Does anyone know how many BTC $500 will generate per day? You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 :)... you can make profit with 500$ as you can make with 5000$ ROI is the same if you buy 1 or 6 GPUs or GHs on the market But the problem is none the mining equipment is profitable even if it is 10000$... I am thinking about ROI theese days when BTC hits 400 + $ Many equipment can ROI and still you can earn a huge amount of money if you wait for BTC increases but if you are selling it now you cant earn anything Title: Re: Mining with <$500 for Fun? Post by: MilesJohan on November 15, 2013, 05:25:20 AM Does anyone know how many BTC $500 will generate per day? You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 :)... you can make profit with 500$ as you can make with 5000$ ROI is the same if you buy 1 or 6 GPUs or GHs on the market But the problem is none the mining equipment is profitable even if it is 10000$... I am thinking about ROI theese days when BTC hits 400 + $ Many equipment can ROI and still you can earn a huge amount of money if you wait for BTC increases but if you are selling it now you cant earn anything Once BTC is getting more and more expansive, it should be more profitable to mine instead because mining equipment always god own in values... Title: Re: Mining with <$500 for Fun? Post by: Ruzka on November 15, 2013, 05:57:45 AM Yeah blades would probably be the best option for under 500. High power consumption though.
Title: Re: Mining with <$500 for Fun? Post by: MarketTime on November 15, 2013, 11:09:21 AM Yeah blades would probably be the best option for under 500. High power consumption though. Not worth it, can hardly break-even... Title: Re: Mining with <$500 for Fun? Post by: MilesJohan on November 16, 2013, 05:03:32 AM Yeah blades would probably be the best option for under 500. High power consumption though. Agree, waiting for the next generation ASIC is a better choice, I see some of them having as low as 0.5 Watt per GH/s... Title: Re: Mining with <$500 for Fun? Post by: Undefeatable on November 16, 2013, 01:22:44 PM I'm looking to mine for fun with around $500. Which is the best option, 2xasicminer blades? I live in US. This is strictly for fun, not to necessarily make profit, so advice not to buy or buy btc on exchange don't count. :) $500 is too little for any decent miners... at this point buying the 2TH/s is the only way to make real money... suggest you to buy from cex.io instead when the price drop... Title: Re: Mining with <$500 for Fun? Post by: rampalija on November 16, 2013, 11:02:09 PM buy btcs now :D and you will have 1000$ until the christmas
Title: Re: Mining with <$500 for Fun? Post by: petersiddle98 on November 17, 2013, 04:00:00 AM Buy BTC and give your relative some BTC as a Christmas present...
Title: Re: Mining with <$500 for Fun? Post by: winner999 on November 17, 2013, 06:00:52 PM With just 500%, and "just for fun" you should get 2 GPUs.
Title: Re: Mining with <$500 for Fun? Post by: rampalija on November 17, 2013, 11:15:38 PM With just 500%, and "just for fun" you should get 2 GPUs. leave GPUS, buy some BTCs when they drop Title: Re: Mining with <$500 for Fun? Post by: LightningBlade on November 18, 2013, 05:44:42 AM GPU is the best....
Title: Re: Mining with <$500 for Fun? Post by: PrintMule on November 27, 2013, 03:03:05 PM GPU is the best.... In the light of recent grow, I feel very good about wasting my time on scrypt mining. Title: Re: Mining with <$500 for Fun? Post by: Epinnoia on December 14, 2013, 02:34:28 AM It seems like fury is $100 for 2.6gh, but blade is $200 for 10gh... Wouldn't blade be better? No. You must consider the watts/ghps ratio. The USB Fury sticks, for example, get about 1watt/ghps rate -- about 2.5ghps @ about 2.5watts. Blades are much worse. Sure, they get 10ghps. But they consume 83watts!! That's 8.3watts/ghps!!! So as mining difficulty increases, there will come a time when it costs more to run the miner than it produces in BTC. That time will come much sooner for a blade than a USB Fury. And even the Fury miners will eventually be obsoleted by the boards that are doing 0.3watt/ghps -- 3.3x as efficient!! When you compare the blades with those devices currently getting 1ghps @ 0.3watts, the blades require 27.39x as much electricity to do the same amount of work! (3.3 * 8.3) You'll soon see blades being favored by college students and such who don't have to pay for their electricity. And by 'soon', I mean in the next 3-6 months. To get a better feel for this, I suggest checking out http://mining.thegenesisblock.com/ and throwing in some of the various mining equipment. Blades just eat way too much power at this stage of the game. |