Bitcoin Forum

Can anyone recommend a good(the best) miner hardware in the markets right now? The best bang for your bucks of course. Is it even worth mining anymore? Estimated ROI?

Mining bitcoins requires an up-front investment, and the equipment you get should mine more than its cost. Right now, you will probably not make a profit if you pay more than 5 BTC per TH/s, assuming the difficulty increases 20% each time.

It is possible to make money mining alt coins if you already have the equipment, and probably not if you must buy equipment.

The best way to make money on bitcoins is to buy as much coin as you can afford right now.

Most people believe the price of bitcoin will go up.

You then sell the coins for a lot more profit than you will make mining.

It's really hard to even hit ROI since the difficulty is increasing so hard+ your powercost and time taken to manage it. The worst part is that some of them don't even deliver their ASICs.

You need to use calculator like on bitcoinx. To estimate profit

What about GPU mining ASIC-resistent (scrypt-n for example) altcoins?

The price of them isn't high, mostly pump and dump alt coins.

Seriously? difficulty goes up 20% each time? that's damn high, how often It increases?

You are extremely unlikely to make ROI on any hardware (unless you have free electricity).

Try using this site to work out ROI:

https://tradeblock.com/mining/

This should give an indication.  Difficulty in unpredictable and you will never know how much is currently on pre order.

I want to congratulate you for asking the two most important questions regarding mining profitability. Unfortunately, most new miners don't bother doing any research on profitability and end up losing money.

Bitcoin difficulty changes every 10 - 12 days. The average increase has been 25% - 30% over the last year, but it has been lower lately.

You can check the historical difficulty at the bottom of the page https://bitcoinwisdom.com/bitcoin/difficulty
The increase each period was 20-30% in Dec2013 and Jan2014, and became 15-20% recently.

This is pretty spot on.

Most cant afford it anymore esp with the TH`s in the thousands, last time I saw a terraminer going for $8,000.

Then again price drops can happen, which is what I`m waiting on.

I probably wont buy a miner now, but just focus on making dollars to buy bitcoin.

would coinwarz work?

bitcoinx provides a bitcoin mining profit calculator.
coinwarz gives you a comparison of mining profitability of different coins (sha256, scrypt, x11, etc) at this very moment.

Consider to use auto profit and buy some scrypt asic.

It is better to buy bitcoin or litecoin with your money IMO.
You can hardly make any profit in mining nowadays.

The choices are very limited compared to a year ago or so.

The new mining is scrypt asic mining and buying bitcoin when its low.

Unless you have some serious hard cash and buying power then I`d recommend getting those terra hash, but also do your homework.

Some of the cointerra at the mining pool are only doing 1.2 Thz when its labeled 2.0 thats a huge difference esp when you paid a premium to be ahead of the game.

Also consider losses of work being rejected overall, and obvious dozen of stuff on the list. eg: electricity,fees,and other misc costs

Antminer s1 looks very cheap

Because the s2 with much lower power consumption is out :)

Been hearing alot about the Antiminer but I believe it would be best to just buy the coins yourself and hold.

+1. Buy and hodl is the best strategy for bitcoin investment IMO. :D

maybe it is the best but it`s so borring:D

Maybe the waiting is but the making money at the end isn't!  :D

+1
If you bought bitcoin 3 years ago and hold it for 3 years, I am sure you should not get bored with your insane profits.

my opinion is that you can still make some profit from mining if you sell the miner at the right moment...try bitmaintech.com they have the best offers

I don't know. It's pretty brutal right now, especially for those of us with scrypt miners.

Buy low sell high, you just have to follow china :)

Estimated roi is never as the diff is going upupup like bitcoins price ahahah

Maybe, you can find ASIC on eBay with terribly high price lol :D

The difficulty has been increasing at a slower rate recently, but I agree that it is hard to reach ROI with ASIC now.
http://bitcoin.sipa.be/speed-small-lin-10k.png

Making a profit (what you refer to as "reach ROI") depends on the cost of the equipment and the future difficulty, and the cost of power to a small extent. If someone can buy the equipment cheap enough, then they can make a profit, even if the difficulty is rising quickly. If the difficulty remains flat then just about everyone buying equipment now will make a profit.

I doubt this is the best solustion in this case.
IMO that it's better to mine altcoins with a good rep and than change it to btc so there is less financial losses.

Mining scrypt coins with scrypt ASIC? Or mining other altcoins with GPU?