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Title: Is mining worth it for new miners? Post by: jetheridge on May 31, 2014, 07:50:45 PM Hi folks.
I'm just getting into this mining lark. I've got 3 antminer U2+ units and fit a bfl 30ghz box cheep off ebay. Currently I'm not expecting to make any ROI... More a thing of interest. However is there any profitability with mining? I'm seeing people say that even the S1's are no longer retuning the ROI. Any thoughts? Any advice? Cheers Jason Title: Re: Is mining worth it for new miners? Post by: KWH on May 31, 2014, 07:53:02 PM This has been beat to death and recently. Please read through the forum, you will get all the answers you need.
Title: Re: Is mining worth it for new miners? Post by: silvestar on June 02, 2014, 02:51:46 AM This has been beat to death and recently. Please read through the forum, you will get all the answers you need. It is a bit too late, as OP has already bought the ASICs "cheap" off ebay... On the bright side, he is mining for fun. :D However is there any profitability with mining? I'm seeing people say that even the S1's are no longer retuning the ROI. Sorry to tell you, but I don't think you can get ROI at all, unless you get extreme luck in solo-mining... Title: Re: Is mining worth it for new miners? Post by: DrG on June 02, 2014, 04:39:22 AM No mining equipment out in 2014 has been shown to make ROI (BTC --> BTC back). The rare cases in 2013 were Batch 1 of Avalon and a few KNC orders early on.
Mining is for supporting the network and having fun (and maybe anonymous block rewards if you need that). Title: Re: Is mining worth it for new miners? Post by: Fireblade on June 02, 2014, 06:35:01 AM No mining equipment out in 2014 has been shown to make ROI (BTC --> BTC back). The rare cases in 2013 were Batch 1 of Avalon and a few KNC orders early on. Don't forgot the first couple of batches of the Antminer S1. Some did make their money back in 2 moths. Mining is for supporting the network and having fun (and maybe anonymous block rewards if you need that). These days, there is nog equipment on the market with a resoable ROI. Title: Re: Is mining worth it for new miners? Post by: RoadStress on June 02, 2014, 01:50:14 PM Hi folks. I'm just getting into this mining lark. I've got 3 antminer U2+ units and fit a bfl 30ghz box cheep off ebay. Currently I'm not expecting to make any ROI... More a thing of interest. However is there any profitability with mining? I'm seeing people say that even the S1's are no longer retuning the ROI. Any thoughts? Any advice? Cheers Jason How much would you like to invest? Title: Re: Is mining worth it for new miners? Post by: ChekaZ on June 02, 2014, 02:35:08 PM I wouldnt suggest you to invest into mining right now, you wont make it ROI better buy the coins directly instead.
Title: Re: Is mining worth it for new miners? Post by: DolanDuck on June 02, 2014, 04:14:57 PM This is the worst moment to invest in mining equipment (maybe only scrypt should be ok),
just buy bitcoins from an exchange and hold, you will gain way more money in this way. Title: Re: Is mining worth it for new miners? Post by: jamesc760 on June 02, 2014, 09:52:09 PM Mining for profit???? Lol. As other have stated above, for new comers, unless you have ton of money/bitcoins/expertise, it's not worth mining, you are FAR better off just buying bitcoins.
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