Bitcoin Forum

The best option it seems right now is the BFL Monarch 600 GH. Current estimates show a ROI time period of 20 days, and 120 USD revenue daily. I heard that BFL has a bad track record, but it seems they  are trying to gain trust back, and shipping doesn't seem that long either, with customer support telling me by April, and the website telling march. Or should i just go with a litecoin rig?

OMG... Really??

Isn't there a mandatory reading for noobs before they're let out of noob-jail?
There should be.

Im confused... ???

This might help a bit.

http://www.urbandictionary.com/define.php?term=bfl

If you buy a Monarch you will get BFL'd!!!!!!!

probably antminers =)

With Butterfly Lab's history you're really looking at May:

http://thegenesisblock.com/mining/a/bd12372b07 (http://thegenesisblock.com/mining/a/bd12372b07)

I think the red numbers should dissuade you from making that purchase.

Thought difficulty increase was typically 15%? Why 63?

You're not serious right?  15% increase between now and May?  Next jump in a few days is probably around 18%:

http://bitcoindifficulty.com/ (http://bitcoindifficulty.com/)

Don't buy any ASIC's is best route... Buy some coins with that money and hold.

All of these new people wanting to get in when it's too late. Go buy some Block Erupters.

You know you're 100% right, too bad for him he wasn't around when HashFast was selling miners for 50+BTC that when finally delivered will be lucky to mine half of those back even with the MPP like oh sooooooooooo many hero and senior members did...

Getting a good ASIC company is hit or miss. We've all seen other companies come and go, and some fail miserably. Would going with HashFast, Avalon, BFL sound crazy at the time? Looking at the numbers of customers, no. Would it look crazy now? Yes.

We can't tell the future. It's a gamble at this point, always has been. KNC is the best bet. Buying and Hodling Bitcoins is better.

I just wish the GPU days lasted longer where we would have real democracy in the network. Now ASIC companies own Bitcoin and there's no turning back.

If you must buy a miner instead of just buy and hold btc..

antminer                  1.45btc  180Gh sha256 delivered in about 1.5 weeks
scrypt rig  4* 280x    ~2200usd  2400kh delivered in days

Anyone know if these guys are legit? http://zeusminer.com/s-flex-6mhs/
IF you plug  in 6000 khs in a calculator at current difficulty, ROI is little over a month, pulling in 1.3k profit monthly. Same thing for there 30 Mh/s version, pulling in 6.5 k at current difficulty. IF assuming they do ship at end of q2 2014, I still think it could hold its ground at what ever difficulty it is at. Deposits are refundable, and they accept major credit cards (wow refreshing) and not just bitcoins and wire transfers (THANK LORD)

take my advice and do NOT preorder anything

BFL preorder.....  waited over 1 year
HF preorder.....  waited 6 months.. still no refund from a registered US company....  nough said

edit:  cointerra preorder....  still waiting..should get something in april...maybe

Dude this is a no brainer.

ANTMINERS are 1.45BTC.  

WAIT LETS SAY THAT AGAIN.

1.45BTC.  With $800 coins thats like $1200 including a $40 Corsair TX650 off eBay.  For 200GH (these OC to that easy all day long on any PS half-worthwhile).  Starts shipping in 2 days.

Grab two.  $2400.  400GH.  Only 800W draw means its like a little heater for the pair, no big deal.  

Just think about it this way:  a HASHFAST PREORDER cost what, $5600?  400GH for that too.  Sure it uses less power but IT COST TWICE AS MUCH!

---->  Preorders are dead.

+ 1

Deposits are refundable, so I don't see the risk. I'm ordering 2 (12 mh/s) so it should be viable for long term mining should it not? They are no ASICS as of now to skyrocket difficulty right? They all started up so they would all release in same time frame.

I assume this is a joke, or you are part of this scam and want to advertise it ?
I cannot believe that you really consider this website could be legit in any way....huge red flags..

Alright thanks for the help you guys!! ;D

No part of the "scam". What huge red flags should I look for when determining if a site is a scam? Just for future reference. Very new to this. Would it be better to make a rig, say 6 r9 270 rig im thinking of making?

where it says preorder.
even if it's not a scam, don't buy anything that isn't in stock now. many of us have learned some valuable lessons with this, as you can read throughout this forum.

So just build a litecoin rig? Thinking of doing this. http://pcpartpicker.com/user/precrime3/saved/3AUF

waited 6 months.. still no refund from a registered US company....

Seems only the Antminer is worth buying right now and its still not going to get you ROI. Not even after 2 years of mining.

Good luck, buy some coins and hold. Its a much better route right now.

How about these guys? There shipping now, and in stock, promising 2 week after order shipping date.
http://btcdozer.com/ 2 TH/s at 5.7 K
or my litecoin rig, posted somewhere in this thread.

at 18% increase every diff, the antminer will earn .5 btc profit in 150 days

edit: that is starting the ant in 10 days from today

edit2:  2 ants overclocked to 400 will earn 1.8btc profit in 180 days  at 18% diff increase...  antminers are what to buy if you dont want to scrypt or buy and hold

I thought your budget was $2.5K?

Go for BTC Dozer 2TH/s asic and report back with your findings! (sarcasm)

agreed.. i wouldn't even click on that link!

Agree it seems a Scam, no real HW partners for the ASIC Chip, also denote the "Very Limited Supply" another Red Flag
Don't buy until they validate themselves with real facts like.

Okay, guess litecoin rig is what to go with, should do 2250 khs, with 5 r9270, 2700 with 6 which will be added ASAP. Should i choose another gpu?

Either buy some bitcoin or get the Antminer.

It should also refer to the term "Joshed"

Haha LoL I get the point, right now there is no legit in stock ASICS... guess DIY it is for litecoin/altcoin

wtf.. do you not read.. antminers are in stock and you will be hashing in about 1 week..??? 

Sshhh, keep your voice down.  Leave the rest of the ant owners alone, we minin'   :D

antminer s1, too lazy to mod PSU, and ROI seems too long as difficulty skyrockets with the new wave of ASICs to come in upcoming months.

I know this post is 'old', so what did you end up eventually doing?

BTW, from one newb to another, please listen to everyone here and DO NOT get a pre-order.  Just so you know, I bought an in-hand/in stock item from BFL back in November during the Black Friday sales event (a 5Gh/s Jalapeno) and it arrived almost a month later!  And, that was not a 'pre-order'!  Just read out all the negative comments on BFL's Forums and see for yourself regarding delays, etc.

 I have been talking one on one with Zeus miner over at litecointalk, and they seem legit enough. I will be building a 6 7950 rig, and reinvesting profits into script rigs/asics.

ye big red flag keep away from companies that are just popping out of nowhere hmmmm nowhere

Newbie posting new company "I WONDER" ::)