Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: ril2 on June 07, 2014, 05:36:26 PM



Title: Are ASIC Miner block erupters worth the money?
Post by: ril2 on June 07, 2014, 05:36:26 PM
Hi. I am very new to mining and I saw something called ASIC Miner block erupters.
If I'll buy a raspberrypi machine, some erupters and a usb fan, will it be worthy?
Five erupters of 2Gh/s will cost me about 220$ I think and a raspberrypi machine will be about 60$.
they will produce about 0.28$ a day in this difficulty.
This way it'll take me about 3 years just to brake even and that's without calculating the electricity cost.

My question is, where was I wrong in this calculation, or was I? Or is usb mining just not worth it?

Thanks in advance, and sorry for my poor English and bitcoin knowledge.  :-\


Title: Re: Are ASIC Miner block erupters worth the money?
Post by: notlist3d on June 07, 2014, 07:15:21 PM
Hi. I am very new to mining and I saw something called ASIC Miner block erupters.
If I'll buy a raspberrypi machine, some erupters and a usb fan, will it be worthy?
Five erupters of 2Gh/s will cost me about 220$ I think and a raspberrypi machine will be about 60$.
they will produce about 0.28$ a day in this difficulty.
This way it'll take me about 3 years just to brake even and that's without calculating the electricity cost.

My question is, where was I wrong in this calculation, or was I? Or is usb mining just not worth it?

Thanks in advance, and sorry for my poor English and bitcoin knowledge.  :-\

Those are very old as far as asics.  If your talking about the one's im thinking you are overpaying by far on 220 for 5.  You can find MUCH cheaper.  I would look at different sources if you truly want to mine with those.  Also look at ROI most want much shorter then 3 years.


Title: Re: Are ASIC Miner block erupters worth the money?
Post by: ril2 on June 07, 2014, 07:23:33 PM
Hi. I am very new to mining and I saw something called ASIC Miner block erupters.
If I'll buy a raspberrypi machine, some erupters and a usb fan, will it be worthy?
Five erupters of 2Gh/s will cost me about 220$ I think and a raspberrypi machine will be about 60$.
they will produce about 0.28$ a day in this difficulty.
This way it'll take me about 3 years just to brake even and that's without calculating the electricity cost.

My question is, where was I wrong in this calculation, or was I? Or is usb mining just not worth it?

Thanks in advance, and sorry for my poor English and bitcoin knowledge.  :-\

Those are very old as far as asics.  If your talking about the one's im thinking you are overpaying by far on 220 for 5.  You can find MUCH cheaper.  I would look at different sources if you truly want to mine with those.  Also look at ROI most want much shorter then 3 years.

Thank you for your reply. So how SHOULD I start? I mean, how can I mine as a beginner for a small invetment?
Is it even possible mining BitCoin with a small investment ?


Title: Re: Are ASIC Miner block erupters worth the money?
Post by: SirChiko on June 07, 2014, 07:27:04 PM
Hi. I am very new to mining and I saw something called ASIC Miner block erupters.
If I'll buy a raspberrypi machine, some erupters and a usb fan, will it be worthy?
Five erupters of 2Gh/s will cost me about 220$ I think and a raspberrypi machine will be about 60$.
they will produce about 0.28$ a day in this difficulty.
This way it'll take me about 3 years just to brake even and that's without calculating the electricity cost.

My question is, where was I wrong in this calculation, or was I? Or is usb mining just not worth it?

Thanks in advance, and sorry for my poor English and bitcoin knowledge.  :-\

Those are very old as far as asics.  If your talking about the one's im thinking you are overpaying by far on 220 for 5.  You can find MUCH cheaper.  I would look at different sources if you truly want to mine with those.  Also look at ROI most want much shorter then 3 years.

Thank you for your reply. So how SHOULD I start? I mean, how can I mine as a beginner for a small invetment?
Is it even possible mining BitCoin with a small investment ?
With small investment? I guess it's not possible anymore maybe you should look into altcoins.


Title: Re: Are ASIC Miner block erupters worth the money?
Post by: ril2 on June 07, 2014, 07:31:45 PM
Hi. I am very new to mining and I saw something called ASIC Miner block erupters.
If I'll buy a raspberrypi machine, some erupters and a usb fan, will it be worthy?
Five erupters of 2Gh/s will cost me about 220$ I think and a raspberrypi machine will be about 60$.
they will produce about 0.28$ a day in this difficulty.
This way it'll take me about 3 years just to brake even and that's without calculating the electricity cost.

My question is, where was I wrong in this calculation, or was I? Or is usb mining just not worth it?

Thanks in advance, and sorry for my poor English and bitcoin knowledge.  :-\

Those are very old as far as asics.  If your talking about the one's im thinking you are overpaying by far on 220 for 5.  You can find MUCH cheaper.  I would look at different sources if you truly want to mine with those.  Also look at ROI most want much shorter then 3 years.

Thank you for your reply. So how SHOULD I start? I mean, how can I mine as a beginner for a small invetment?
Is it even possible mining BitCoin with a small investment ?
With small investment? I guess it's not possible anymore maybe you should look into altcoins.
Mining altcoins such as litecoin is the same, isn't it? I will have to invest at least 500$ for a decent mining rig and get roi of 2 years.


Title: Re: Are ASIC Miner block erupters worth the money?
Post by: xstr8guy on June 09, 2014, 12:00:22 AM
You're about a year too late to get into btc mining and expect to profit with such a small investment. If you're in it just for fun, then do it it. But don't expect to actually make any money.


Title: Re: Are ASIC Miner block erupters worth the money?
Post by: david123 on June 09, 2014, 03:40:14 PM
There should be a sticky topic on that. Like: "Why mining is not profitable" or "Read this before
you start buying mining hardware".

Every second thread here is from a newbie user who
asks basically the same question, hopefully before making a purchase.

While it is slightly entertaining to watch their reactions to the sad truth, it also gets a bit tiresome.
Eventually this forum might run out of people patient enough to answer this question over and
over again, which would be sad for those newbies I believe.