Bitcoin Forum

Hey everyone,

So I was running 2 HIS H785F2G2M Radeon HD 7850 2GB 256-bit GDDR5 PCI Express 3.0 x16 HDCP Ready CrossFireX Support Video Card a around 6 months ago.  I had to stop running them a few months ago when I moved, considering the house I moved to was not able to keep my room cold enough in this Texas heat. 

I see the eruptor blades, the new bitfurys and that the usbs that are doing 333mhs went down in price.  Are there miners that aren't back ordered that are within a grand that are worth having.  Or what would you guys do for a setup if I was trying to get back into mining while the iron is hot, but for the least amount. 

So if I had 250-500 to spend, or 500-1000 to spend, what would you guys suggest and what do you think on ROI?  After ROI I'm fine cause I would love to help the cause still.  Thanks!

www.bitcoindirect.net (http://www.bitcoindirect.net)
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Honestly, it's probably got to be $2000+ dollars in mind to make it worth while or at least that was the cost of a Mercury KNC miner + tax and shipping (I'm based in the UK) at the time of it showing up it didn't even look like I would get the holy ROI but ultimately with these price increases it's now a dead cert that I will as long as we don't see a major plunge. Eruptors blades/usb aren't worth it, pricey, underpowered and not energy efficient enough for the difficult increase rate, your best bet is to look into the next generations of devices coming and hedge your bets, I thankfully never went in for the likes of BFL or Avalon which have disappointed many. If you want to help the network then go and get some USB miners but I'd be surprised if you got ROI particularly quickly if at all.

You can always checkout http://mining.thegenesisblock.com/ (http://mining.thegenesisblock.com/) though

got 3X Hex16a boards going cheap.

Run at up to 8gh/s each (24gh/s in total)

Looking for 1.35 bitcoin

Well, if you really wanna spend your money, try look for the cheapest $ per GH/s... I believe about 2-5$?

Not worth it at all..

blackarrow is pretty cheap, about 3usd pr ghs and said to run at .5w pr ghs.
cheapest ive found so far, but they are not shipping til febuary

Feb is wayyyyy to far off, its one thing to order 6-8 weeks ahead but 3+ months who knows what BTC price/difficulty will be... major crapshoot

Just buy BTC, if i had spent all my $ on BTC back in February rather than buy miners... Id have 20x as much in USD.

Yup, I believe this is the best deal right now for feb shipment...

I would recommend cloud mining through cex.io. You can buy and sell more gh of mining speed whenever you want and they have maintain the hardware. All you have to do is pay and then get btc, nmc, ixc and dvc into your account every block. To start just click on my signature below :)

caution with this since you can easily lose money as well. Their value currently is way overpriced and the recent dips can hurt badly (hurt me). When they reach 0.05-0.06 maybe reconsider. Its more of playing a different type of exchange with cex.io. Letting it mine nonstop for a month or so will not give a ROI you must play the dips to be profitable

Agree. I paid the same price today, when I had to sell my GHs because of the huge dip. The beauty of mining is having something working for you. With CEX you have to pay attention to the current price of GHs all the time and it becomes very similar to trading...if I wanted to trade, I would just buy and sell BTC.

That's why I'm asking, because I know in the beginning of these miners there were alot of fake companies or unreliable asking for preorder money.  Now that they shipped, they're a metric ton of suppliers.  Who is currently selling mining equipment that has stuff in stock.  I know the 2THs machines I saw (i forget what company) wound up saying not shipping til february, but that seems like a hell of a lot of network difficulty increases between now and then.

What places would you suggest looking?  I saw one that's doing close to 20ghs for $700 or so but the company didn't seem legit and all it was, was a circuit board with bit fury chips or something and wah lah 20ghs lol.  Give me some listings you guys know of please.

www.bitcoindirect.net (http://www.bitcoindirect.net)
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with the pricerange you are looking for, there aren't many options im afraid,
think most are selling for 3k, 5k etc.

ether blackarrow or cloudmining, at least blackarrow will give you more ghs if they lower the price  after you order.

Yes but get the 2 TH/s machine from cointerra instead...

I heard cointerra delay their shipment too... so it might not be a good deal?

I suggest take a look at:

https://bitmine.ch/?post_type=product

and

http://www.blackarrowsoftware.com/store/

Yes, but this time you should do CPU mining... look up on PTS...

So no one has anything currently in stock that is being sold?  Everything is pre order again just like BFL, avalon, etc but with more hashing power?  Thanks for the replies!


www.bitcoindirect.net (http://www.bitcoindirect.net)
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Anything that is in stock is ebay or bitmit, which is already overpriced by now...

Agreed, wish I got a few of those bitfury's when they were just a $130.  And Bitmit is going offline right?  Does anyone know why?

www.bitcoindirec.net (http://www.bitcoindirec.net)
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This is all true but the that's the nature of mining, your risk is picking the horse to back, but you should ultimately do cost calculations taking into account that bitcoin will likely rise as is the nature of bitcoin to do so. I bought my KnC Mercury when bitcoin was £70 and then it went 4x that and as long as it stays reasonably high, I don't see it going less than £140 personally, then I'm easily going to make a decent profit.

I always feel that there's a bit more safety in mining as the hardware is 100% yours but now that it's all ASIC based that's probably not much of a comfort if bitcoin did go wrong in a big way.

i think, you might invest that money to mine a scrypt. there are coming a scrypt dedicated miners in near future and the litecoin price starts rising. for that amount of cash you get 3 7950, with mb, hdd, ram and psu - 1800kh/s thats around 40 LTC per month.

LTC mining all the way as long as prices stay up. Fuck BTC.

So are there no LTC miners yet?  With the equipment I have what would I be getting for LTC monthly approx?
2 HIS H785F2G2M Radeon HD 7850 2GB 256-bit GDDR5 PCI Express 3.0 x16 HDCP Ready CrossFireX Support Video Card

What are your guys projected value on LTC.  No one has given the same investment of sites, or free LTC as BTC so do you think it's just going to take that many years after to get LTC to that rate?

Thanks!

www.bitcoindirect.net (http://www.bitcoindirect.net)
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those cards generate about 350 - 390khs each depending on your oc etc.

lets say 370 each, witch totals 740.

you would be making 0.5ltc a day.
thats about 4 dollars a day.
the cards pull about 400-500w at full load i belive. wich is about 1 dollar a day at 0.10usd pr kwh.

I have two 6970s running from my PC mining Litecoin at about 940kh/s

I got into bitcoin back in 2010 but never speculated with any coin. I bought $500 worth of coins at 10.399 USD (that would be 42 BTC) in May of 2012 then proceeded to loose it ALL at SatoshiDice. I got scared the hell away after that.

I had my shot. Now my desperate ass has to latch onto litecoin for any hope.  :D

then in say 2 years, btc is 50k each. your going to look back at this post and facepalm :P

well if you are going to accept your actions, youll not regret any of these. i little psychiatric suggestion.

BTC mining is way beyond reach now. Either way,will it still be profitable,say 6 months-1yr from now?

you are pretty mutch just asking ppl to speculate for you...
but yes, unless btc drops like a mofo, it will always be profitable

even if it drops, chanses are it will rise again. so never stop mining :P

at 290 usd for 100gh, how is mining beyond reach??

Who is actually buying LTC? Why?

to trade for btc later on for higher prices? :P

of course. the prices will bump also, when the mt.gox implements the trading with them..

It wasn't much of me asking to speculate...I have full faith in BTC which is why we have our site specified to it.  But I was asking about mining and where is there mining equipment that is avaialble for purchase now.  Or as I found out people are informing me that LTC may be the way to go with purchasing BTC.  Which is what I was thinking about doing.  Thanks!


www.bitcoindirect.net  (http://www.bitcoindirect.net)
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Right now LTC mining is the way to go, plus you are not stuck with a proprietary piece of hardware that needs
constant tinkering.  When you are done you can always sell your mining rig as a high end gaming system.

You should contact the guy who is thinking about getting out of mining... :P (on the front page of Speculation).

LMAO! Man I would hate to have that opportunity to make that much money in a day...it must be stressful!  I'm thinking he should just give away his millions in bitcoins for the well being of the world.  Thanks for that, I needed that today.

www.bitcoindirect.net (http://www.bitcoindirect.net)
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even if the difficulty DOUBLED every single month (note that this is unlikely to happen in real life), and the Blackarrow would have 2 weeks delay in shipping, and the bitcoin price would stay at 1200 USD the blackarrow would STILL make enough bitcoins to pay for itself. (altough it would not make profit at that point anymore).

If ANY of these parameters is more in your favor, you'll make a couple of $1000 in profit.

The odds look pretty good to me.

Consider to buy BTC and other coins too (LTC/FRC/PPC/TRC) instead of mining.
More safe, more profit.

Nope, mine some alt-coin and/or buy btc.

I'll be mining alt coin until btc rigs come in. Whichever pays off more over 6 months, I'll continue to mine until another big event changes the game.