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Other => Beginners & Help => Topic started by: diggincoinye on January 10, 2014, 05:43:53 PM



Title: 120GH/s Rig at 400$ profitable?
Post by: diggincoinye on January 10, 2014, 05:43:53 PM
So I can buy a 120GH/s Avalon for little over 400$. I know they use alot of electricity but I rent all-in for a fixed price so basically I have no electricity bill. Could this be profitable? Basically I only need to earn back my 400$ investment, the rest will be profit for me. How long do you think it will take before I've earned back my investment? I know there are calculators online but I dont know how accurate they are so I'd like a second opinion from you guys. Hope to hear from you guys!


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: pontiacg5 on January 10, 2014, 05:48:16 PM
Yes, that is a solid investment. At $400, .35/KW (stupid high) AND 1000W power draw, you are looking at a payoff of less than three weeks.

I would say it's a scam, but I'll let you make that decision.


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: 247crypto on January 10, 2014, 06:47:37 PM
GPU scrypt mining is OK.

a best pool
switchercoin.com

nice rig
https://bitcointalk.org/index.php?topic=361613.msg3870584#msg3870584


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: jakedeez on January 10, 2014, 06:48:36 PM
So I can buy a 120GH/s Avalon for little over 400$. I know they use alot of electricity but I rent all-in for a fixed price so basically I have no electricity bill. Could this be profitable? Basically I only need to earn back my 400$ investment, the rest will be profit for me. How long do you think it will take before I've earned back my investment? I know there are calculators online but I dont know how accurate they are so I'd like a second opinion from you guys. Hope to hear from you guys!

That is a CRAZY good deal.


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: sase007 on January 10, 2014, 07:19:06 PM
I would recomend using escrow...

And test that miner before you send coins to seller...


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: diggincoinye on January 10, 2014, 07:56:58 PM
Thanks for the replies! Indeed seems to good to be true, but I'm using escrow and I can test the device before I confirm the payment. So worst case I waste 2 weeks shipping time waiting on nothing....


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: lobo13 on January 11, 2014, 12:21:44 AM
thats a prerty good deal where are you getting it?


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: sase007 on January 11, 2014, 04:28:59 AM
Thanks for the replies! Indeed seems to good to be true, but I'm using escrow and I can test the device before I confirm the payment. So worst case I waste 2 weeks shipping time waiting on nothing....

Right... use escrow every time... If seller want you to send money (if only 25%) before, quit...

Well... time is only thing, you can lose...


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: jakedeez on January 11, 2014, 05:56:46 PM
Thanks for the replies! Indeed seems to good to be true, but I'm using escrow and I can test the device before I confirm the payment. So worst case I waste 2 weeks shipping time waiting on nothing....

Right... use escrow every time... If seller want you to send money (if only 25%) before, quit...

Well... time is only thing, you can lose...

If this deal is real and repeatable I will take 100 rigs right away.

:D


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: leckey on January 11, 2014, 06:39:47 PM
400$?! Share your source please? ;D


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: diggincoinye on January 12, 2014, 03:12:34 PM
aliexpress is all I'm saying  ;)

got shipping confirmation today, so now we wait...

If you wanna buy one, you better hurry though, China banned sales of anything bitcoin related starting 14th januari
http://www.reuters.com/article/2014/01/08/us-china-bitcoin-idUSBREA070F620140108


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: MikeXBT on February 01, 2014, 05:15:14 AM
Please keep us updated regarding this. They seem to be selling for $2-3k in Canada.


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: Sonny on February 01, 2014, 05:13:49 PM
Please keep us updated regarding this. They seem to be selling for $2-3k in Canada.

OP last logged in on Jan 17....


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: MikeXBT on February 03, 2014, 02:48:43 PM
Two weeks off? Maybe the unit works and now he's busy running a massive mining rig operation :P


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: CrackedLogic on February 03, 2014, 03:45:22 PM
That's a really good deal, If you can get your hands on it, do it.


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: Sonny on February 03, 2014, 03:54:12 PM
Two weeks off? Maybe the unit works and now he's busy running a massive mining rig operation :P

Or maybe he found mining is too difficulty and troublesome, and so he left the bitcoin world. :P


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: earnmoneyforwife on February 03, 2014, 03:56:42 PM
want to know too


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: earnmoneyforwife on February 03, 2014, 04:04:32 PM
did i finished the task for newbie?


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: Sonny on February 03, 2014, 04:08:43 PM
did i finished the task for newbie?

There is no newbie restrictions now, and you can make your post anywhere as you wish. :)


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: #bitcoin on February 03, 2014, 04:19:38 PM
Wow, it is still very profitable!

http://mining.thegenesisblock.com/


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: R0yalAir on February 06, 2014, 06:29:10 AM
did i finished the task for newbie?

the only task you need to do is to be active


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: ABISprotocol on February 06, 2014, 06:42:07 AM
Wow, it is still very profitable!

http://mining.thegenesisblock.com/

That mining.thegenesisblock.com site is very useful. A friend shared with me this site, which appears to beat out most other calculators in terms of the factors it allows you to consider:
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php (http://btcinvest.net/en/bitcoin-mining-profit-calculator.php)

Just as a comparison, check out the "mining calculators" submenu on coinwarz
(near top of page at) http://www.coinwarz.com/cryptocurrency (http://www.coinwarz.com/cryptocurrency)
Notice that their page defaults to show a dual miner calculator... (sha256 and scrypt)


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: mladen00 on February 06, 2014, 12:09:42 PM
nice deal 3,33$ per Ghash  :o


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: R0yalAir on February 06, 2014, 12:28:04 PM
nice deal 3,33$ per Ghash  :o
that could be more profitable some month ago.
and it's still quite a good deal.


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: Sonny on February 06, 2014, 02:09:22 PM
nice deal 3,33$ per Ghash  :o
that could be more profitable some month ago.
and it's still quite a good deal.

The price would be a lot higher some months ago lol.
Don't expect the hardware sellers to be noobs.  :D


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: MikeXBT on February 19, 2014, 05:23:16 PM
Update: I ordered two of these. Alibabaexpress cancelled my order and provided a refund, as the seller did not appear to be shipping anything.


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: shaobao88 on February 19, 2014, 06:11:29 PM
I heard that China banned sales of anything bitcoin related starting the middle of januar. If you wanna buy one, hurry up!


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: Sheldor333 on February 19, 2014, 10:12:41 PM
That deal is amazing! Surely it is profitable, right now. Even better if you can get it as fast as possible. Even if you just buy and sell it for more and mine until you sell it I can still see a profit there.


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: Gameroid on February 19, 2014, 11:07:43 PM
Yes I would jump at that deal where are you getting this deal?


Title: Re: 120GH/s Rig at 400$ profitable?
Post by: Craptsy on February 20, 2014, 01:07:11 AM
Sounds pretty good - I'd jump on that!