Bitcoin Forum

OK - Ive been doing some research around and about. Done the simple calculations, Used Genesis Block to review Mining Performances for different hardware.

Now, I'm just trying to make a decision. I have around $5K that I'm willing to throw at some mining hardware. With the Difficulty rising so fast and the Next Generation miners coming out what is the "best" option. I quote out best because i know everyone is going to have different opinion here. Just looking what you all think. I'm hoping to get my hands on one within the next month or so or at least order one the miners coming out in feb/march timeframe. Just need help deciding which one.

Let me know which one you think, and why?

Thanks in advance :)

The only real option is KNC but its already sold out....


Cointerra's April Batch for $5999  is the only other one that I think will materialize.....

Hi,

if you want miner and had 5K to spend, I would try to get a KNC Jupiter that will be re-released in the coming days.  Not sure if they are 550GH/s or the 650GH/s variants.
These are your best bet IMO to get hashing before difficulty skyrockets.   eg. if you pre-ordered a Black Arrow X3 @ 2TH/s and it arives March/April and difficulty is well over 3 billion you wouldn't get any more BTC as you would if you had a Jupiter in the next couple weeks.  The only unknown at moment is how fast the can KNC build and ship them.  Just have to wait and see.  And if you were to go for one of these new Jupiters you'd have to be dam quick as they probably sell out in minutes/hours.

Yes there are other miners available for pre-order, but as you mentioned you wouldn't get these anytime soon.  Possibly March/April if you're lucky enough to get in the cue on time.

Don't take my word on where difficulty is heading as it's only my view and guess ATM.

Do your homework and see if others will post their views.

Good luck
merv77

2 computer with 2 cards 7990 each
https://bitcointalk.org/index.php?topic=361613.0

Subscribe to KNC newsletter and have the BTC ready to order if they decides to put a new batch of 28nm miners.

I actually hope for KNC to release more Jupiter into the wild. The only problem I see with holding your 5000 for that is, who knows what the price will be.

 I like Dave at MBP with his bitfury gear and I have some of it. Problem is, when he put boards back on the market he doubled the USD price. No one really wants to pay that for them.

So, will KNC do the same? People, including myself have been paying 4.2BTC for antminers and they sell all of them. Thats only 200GH/s overclocked. Are we going to see 9 BTC Jupiters? (5K wont touch that). I hope I am wrong and KNC puts them on the market lower and starts a price war with BITMAINs antminer. Not often the miners get a chance at the benefits of competition.

Just my skewed point of view, take it with a grain of salt.

You may also want to look into the Group buys by DZminercoop. They have an r-17 up for sale now that may fit your bill.

Best Regards,

Black arrow is a fairly solid choice, they provided last time and seem on the ball this time. Minesource.net is a reseller who will sell the x-1, could buy a bunch, they would also be a much easier resell at markup on ebay.

Buy some shares in ASICMINEr

Not feeling all that confident in them anymore. Idk.

Im looking at KNC. Not sure If I can trust Black Arrow yet.

What about cloud mining,

http://bit-mining.co/bit-mining.co

There rates are really good

You reckon?

25 BTC for 500Ghs?

Personally, I'd buy an antminer or two, receive them in a week, make back your money, and save those coins to buy the more advanced stuff in feb.

https://bitcointalk.org/index.php?topic=374199.0

no guarentees, obviously, but they're shipping now, hashing now, and priced in BTC not fiat, so the recent drop in BTC/USD works in your favor.

No electrcity costs

Electricity costs are negligible for 500Gh/s

best price per ghs ive seen.  Cex.io  ghs/btc is running at BTC0.06978760 per ghs

This is speculation, but it is highly likely that KNC Jup's will only be for previous customers ONLY (sorry new customers!).

That's a joke, right?

I bet you are correct. Because I am a previous customer I forget that. But because I am also a re-seller I may be able to get one for a new customer. Dont know If any of the re-sellers did that during the early Neptune release or not. I dont pimp my re-seller link, so If you want to try it when available send a PM and I will give it to you.

Regards,

Make your money back in two weeks? Doing what?

Uhm, mining at 180GHs after nearly immediate delivery?  I never said 2 weeks, but your point is made...  it's still cutting it pretty close to the difficulty change curve.  

The interesting part for me was how the price was in BTC, not Fiat, so there was potential to pick up 180GHs for $2k USD instead of the $4.5k it was a couple weeks ago.  The way I saw it, this product was the current lowest risk with the highest potential return if you were going to buy this week.  Other option being to speculate BTC until the device you really want comes out in a couple months.  My personal favorite is the Black Arrow products.

Apologies for the mis-read. So a mining company actually has something in stock for immediate delivery? wonders never cease :)

No worries.  It's still a high risk purchase, but everything bitcoin related is high risk these days. 

Bitmain's AntMiner came out of nowhere, and they're selling them in groupguys as they come off the manufacturing line, over in the groupbuy forum.  The forum member sushi has been managing these group buys, and it sounds like roughly 300-400 units have already shipped, with a new groupbuy being set up each week as the previous one ships.  It's a little rough around the edges, but we have an asic manufacturer that's shipping now, with no pre-order fiasco.  That counts for a lot in my book, even with the sharp corners.

A manufacturer has finally learnt people are sick of pre-orders .... had to happen eventually :)

I can vouch for the DZ Coop. Solid bunch of people, I'll probably be reinvesting more in them at some point (got 10 shares in R17 and 5 in R9-12).

Thanks for the kind words about the team, gents!

We're just a bunch of nerds and miners like you guys. We try our best to treat our co-op members like we would our own meatspace friends and families.

Is there a way to buy shares in your company?

Sorry, we only offer Group Buy shares in Industrial Class rigs at the moment. We happen to have 3 GBs open right now, including Bitmain and Black Arrow (an exclusive deal, one of several that we've engineered). We even completed what we believe to be the world's first Bitcoin for Oil & Gas deal which ended recently - but will re-open shortly at a different Texas location.

In the past: I have pushed for offering some sort of public BTC shares in our larger offerings among company founders but I'm the one that seems to be the most bullish about that. I think an offering of something like this based in Germany at a place such as Cryptostocks could be beneficial (which wasn't even my idea originally), but to be honest we're in the fortunate position of not lacking for start-up or operational funds at the moment <knocks on forehead instead of wood>.

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It's OT but semi-related. Also: this is another way to diversify in the high risk world of Crypto investing and mining. If you were serious, you can contact us about our BTC arbitrage services called Arbit Rage at:

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