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Planning on getting a GAW Vaultbreaker ,


Im getting mixed reviews. This would be my first ASIC rig. How can i calculate if this will be profitable over time? Every calculator gives a different answer.


Electricity cost for me is .13 cents USD per kW/h

500Mh/s = Roughly $300 a day right now. How much will that change ? need some expert advice :)

That's an Scrypt miner, no?
Bitcoin Forum > Other > Alternate cryptocurrencies > Mining (Altcoins) (https://bitcointalk.org/index.php?board=160.0)

it is, sorry if placed in wrong location. Mods will move :)

$300 a day is as of today and you won't have miner in hand until Q3/Q4 and by that time KNC Titan , Alpha-T Viper and many other miners will be released and difficulty will be a lot higher. So if you are calculating ROI , do consider the difficulty which won't be same in future and paying for pre-orders when so many asics can be bought right away , is not an intelligent choice.

Id spend much more the $7000 usd to get 500mh/s today.

Yes and that is why pre-order game  is played by sellers . Say it takes 5/6 months to make ROI now and even if you buy much Higher hash rate pre-order , its not like you will make ROI in 1 month when your asic gets delivered in q3/q4. Its a race and by Q3/Q4 , sellers will be already releasing 1000MH/s miners , so in the end , sellers are in win-win situation with all the Asic monopoly.

So where is the most profitibility?

Buying coins is always a better option and if you are going to buy scrypt asic, you can buy LTC which are very cheap atm. If you are willing to take risks , then  go for the miners.

Well to me, a miner is less risk than putting $7000 into coins. Is there any accurate way to calculate difficulty increase? theres no way this is all a big guessing game lol

It is a big gamble indeed lol and if you can predict difficulty rise, you can't be sure of LTC price in future , in the end , don't invest money which you can't afford to lose and avoid pre-orders.

I totally understand that, hmmmmm got some thinking to do. That vaultbreaker is just so beautiful lol! I have a 25 mh/s x11 mining rig setup now, just love the asic idea. Are there any New algo asics coming out soon? Just trying to think profibility down the road. I need at least ROI

Whats the best calculator to use for realistic profits?

I have no way of knowing, but if LTC takes off like BTC, then I'm sure any ASIC will be +ROI in under a year.
Beyond that, much better to buy coins when price is low or coin is brand new and dirt cheap, and have strong hands.

By the time you receive your miner, it'll only make a few bucks a day. Check daily for yourself at Coinwarz' calculator. Add in a few months of difficulty increases and your ROI doesn't exist. Make no mistake, the machine will be "testing" long before you ever receive it. As soon as the profitability drops to nothing, it'll be shipped to you. Funny how that works. Chris B.

That is the story of the Asic manufacturers for quite time and there is no shortage of people who invest in these pre-orders.

And how can i calculate the difficulty rise over time? Is there a consistent average?

If you could calculate that, you should open up a betting office ;)

The most popular Scrypt-based coin is Litecoin, and you can read one blog's notes on its difficulty rise here:
http://cryptomining-blog.com/3053-litecoin-network-difficulty-still-rising-seriously/

The average rate of return for a given hashrate has been dropping at a fairly consistent 2% per day for the past 5 months .  Basically, to get a really rough estimate of what it will be when you take delivery, look at your rate of return today.  Then cut that number in half for every month you have to wait before delivery.  This is ignoring costs for electricity.

In the case of the GAW miner which I believe is now slated for 750MH/s for 8000 dollars, you would need to be taking delivery in the first half of August to have a realistic chance of mining as much as the unit costs. 

Interesting. is there More profitable option? Different algo? Im running a 25mh/s 750 ti x11 rig right now, obviously not big profits on my rig.

It is a scrypt miner.  That means it mines scrypt, not x11.  So no.

Edited to add, if there were a more profitable algo it could mine, everyone would mine that and in a few short hours, a day or two at most, it wouldn't be more profitable anymore.  I don't think you really understand how this whole mining thing works.  I strongly suggest you do some more research before spending thousands of dollars on equipment. 

i do understand im asking for in the future. Obviously scrypt is going to be loaded with MH/s when those miners come out. I get that. I know asic are 1 algo chips. Time for me to do some math with more graphics cards. Or other asics

Looks like all VaultBreakers just got upgraded to 750 mhs.

https://hashtrader.com/t/vault-breaker-update/2388

I see that but from my math that doesnt help much on the profitability side. 2% fall in profit every day is quite a bit.

If you're interested in Vaultbreakers go to http://www.bringbackroi.com/
It's now the official site dedicated to this project.

Im still interested in one but there is no way to even guarantee ill get my ROI

It's an investment. If you buy LTC or Doge now there's no guarantee you will profit, but with the recent upgrade Vaultbreakers offer the best $/hash on the market (almost 2 times more than KNC Titan for the same price). I also know GAW is working on a way to guarantee ROI, it's called Project Prime and has been in development for over 2 months, I hope they will reveal some more details soon.

Where does gaw post their updates to the public? Like i said new to ASIC :) Any and all info is much appreciated. Thanks everyone for the advice.

If buying ltc/doge does not guarantee profit , then how would mining the same coins for 3-5 months will make you profit. If LTC rises up , then whatever amount you buy today, in future you would make profit. And if LTC price drops , then ROI from Asic will take even much longer time and profitability is distant dream . So mining profitability is related to LTC price and difficulty and don't mislead the OP .

On their official forum http://hashtrader.com


I never said profitability doesn't depend on the price. If you mine coins and the price stays the same you will profit. If you buy& hold and the price stays the same you won't profit.
If the price drops you will lose money anyway - that's why this is an investment and nobody can guarantee profit no matter if you choose mining or holding coins. There's no misleading here

You forgot the difficulty factor ? ,  which is increasing at faster pace day by day for scrypt , so If you mine coins and the price stays the same you won't profit.

There are many factors e.g. some people pay 3 times  more for electricity than others, while some have it for free, but you have profitability calculators for that.

When I bought USB miners in May last year most people were saying they won't ROI, but others still bought them and profited.

Yes , and that's the point I am making , investment in ASIC  doesn't guarantee profit as much as buying LTC. I am not against Asics but current monopoly of manufacturers ensures they are the one reaping most of the profit  . Anyways if someone believes in LTC , he can buy them directly.

You are introducing exchange rates to intentionally obfuscate the issue, most likely because you are invested in the GAW devices (i.e., company shill) and you know that.  
This device costs a certain amount of BTC.  This is a fact.  This device will mine a certain amount of coins, which are convertible to BTC.  This is also a fact.  If the device will mine less coins than it costs to purchase, it is poor financial decision to purchase it.  That is also a fact.  Last fact, the device costs 12.7BTC
The only real question of note is, will it generate more coins than it costs to purchase, or will it generate less coins than it costs to purchase?
Here is an interesting little chart which illustrates what I said earlier about the 2% drop.  It shows the average rate of return of 1Mh/s, measured in BTC (I chose BTC since GAW doesn't actually accept LTC; it works the same of course regardless of what coin you pick).
March 1:  0.01000
April 1:  0.00550
May 1:  0.00300
June 1:  0.00165
July 1:  0.00090
Today:  0.00073
So we can see that return rates have been halving every month since ASICS have been available for the general public.  From this, we can easily calculate that if we had one of these 750Mh/s devices right now in our hands, it would be expected to generate 26.07BTC.  A nice profit.  If we do not receive delivery until August 11th one month from now, our expected return drops to 13.49BTC, for a very small profit.  If we do not get the device in our hands until September 1, return drops to 8.78.  I think the absolute earliest they are saying they will ship these things is and of September, so let's say you get it October first.  Your rate of return will be 3.89BTC, for a device you paid 12.7BTC.  
There is simply no scenario where paying 12.7BTC now for a device that will return 3.89BTC later is a sound financial decision.  Of course these numbers are not exact, and will vary slightly, but the return rate isn't even remotely close to the cost.  And that assumes everything goes well and you get the device on time!  Such things rarely happen. None of this takes into account power costs which you will have to pay as well.  GAW's last pre order was a disaster, with the chips consuming 4 times as much power as they were supposed to.  
Another way to look at this is to just look at what is happening to scrypt miner prices on GAW's own website.  Every week there are substantial price reductions in the cost of scrypt miners.  But with this thing you are locked in at the current price.  A great deal for GAW to be sure.  For the consumer, not so much.  Why lock yourself into the highest price when we know for a fact that the price per Mh/s will drop between now and then?  

tl;dr

There is 0 chance this device ever mines anywhere near as many coins as it costs to purchase.

1 The device here http://www.bringbackroi.com/ costs 7000USD which is 11BTC not 12.7 don't know where your numbers come from but based on this the whole calculation is invalid.
2. You don't have to pay in BTC or convert anything to BTC, and that's what I'm seeing here.
3. You said you don't know when the device will be available, yet you assume it won't ROI
4. The power consumption had nothing to do with GAW, they were reselling Zeus miners and got the numbers from them. They were not the only ones on the market, every shop selling their products faced the same issue. The Vaultbreaker is a completely different device so there's no point in putting them in one basket.
5. This is a competitive market, every single shop reduces prices.
6. You have a lot of assumptions about me, take a deep breath before calling people names, thanks.

LTC difficulty is climbing 7% every 3.5 days and KNCminers haven't even hit the network yet.  If KNC delivery by end of August then I"m speculating that Difficulty will be around 50000 to 75000 by Sept 1st.

That means that the best case scenario is that if GAW delivers on Sept 1st it will ROI in 60 (worst case 100) days.  However if a lot of vault breakers ship at the same time then by end of Sept difficulty will be well over 100k to 150k.

So within 1 month of shipping if they ship on Sept 1st best case scenario is that Vaultbreakers will ROI in 133 days (worse case 200 days).

Remember that if GAW sells 1000 Vaultbreakers that will at 750GHs to the network.  The network is already at around 600 GHs.

Well you are all forgetting one thing. GAW will let you cancel the order at any time or refund within 14 days, so there really is no risk. And if GAW lowers the price, I am sure you will get the discount as well. And it really all depends on if it beats Titan to market or not.

lol....

Not only KNC , but Alpha-t and many other manufacturers will be releasing higher hash rate Asics  , so difficulty is gonna skyrocket  and giving current stats for future ROI is manipulative on part of sellers.

Batch one, which was what they were selling when he posted this, was 8000USD or 12.7BTC.  Batch two which they are selling now for "only" 7000USD is not going to be released until one month later (when it will then generate half as much revenue as batch one's already puny amount).  You really should learn your own products :P
In any case, if everything is completed on schedule and this guy is the very first person in the world to take delivery of the thing on October first, it will generate about 3.5BTC to 4.0BTC.  It won't matter if he paid 12.7BTC or 11BTC, he will have lost a substantial amount of money.  But you're right, since one minor point *might* not be exact, everything else must be completely wrong and difficulty is going to magically go down  ::)
8000USD=12.7BTC.  12.7BTC=8000USD.  You won't magically ROI by choosing a different form of payment.  
It needs to be in his hands and mining away by the end of July at the latest to have any chance at ROI.  They have stated the SOONEST it will be available will be October.  It isn't that hard to figure out, even without knowing the exact delivery date, since their earliest possible delivery date is WAY after any chance to ROI is long past.
A.  I doubt  the people stuck with crappy miners consuming four times their advertised power rating care who's fault it was (to say nothing of the people who couldn't even use the things because the larger units consume more power than the typical home circuit provides).  But in so far as blame is to be dolled out, the miners say GAW on the label, not ZEUS.
B.  They were reselling ZEUS miners, and now their reselling someone else's miners.  What's your point?
C.  *My* point was, that just because they are advertising certain specs now, doesn't mean it will actually have those advertised specs when the device is finished. 
Finally something we agree on.  Yes, everyone regularly reduces the prices because hashpower is constantly decreasing in value.  Knowing that the value of a given hashrate is going to go down, why the heck would you want to lock in today's rate when you know it will be lower tomorrow?
Merriam Webster's definition for shill:  to talk about or describe someone or something in a favorable way because you are being paid to do it


Incidentally, my favorite part about your shill speech is how you completely ignore the clear trend in difficulty and rate of return that I demonstrated, you know, the things that actually matter in determining if he ROIs or not, to quibble over minor details. 

Why are you trying to discuss the price of a product which is no longer there? And those are not MY products.
As I said you love to assume things about people- you are talking about me like I was an employee while in fact I'm a client.

This is a scrypt miner, people aren't going to mine BTC with it, yet you love to convert everything to BTC and count in this terms while in fact you have no idea which coin a buyer will mine and how much they will profit. Don't forget that a coin's price can double in a week. All of these calculations you're trying to do are useless because there are too many things you aren't taking into account.

My point with comparing Vaultbreaker to Zeus is that these are different machines. You seem to know a lot about their power consumption yet you point out that they had to be GAW products because there's company name on the case. Ever heard of rebranding? The chips inside were made by Zeus and the specs were also sent by them. Gaw copied the specs from the chip manufacturer.

No need to give me definitions - that's exactly why I told you to take a deep breath before calling me names. As I said your assumptions about me are wrong.
On the other hand you are either negative towards GAW (you seem to act like you know the industry, yet you say Zeus based miners used 4 times more power than advertised, which is wrong and trying to increase these numbers just shows your attitude towards them).


I wonder where all this negativity comes from? Are you mining right now and can't get ROI? Are you one of those people preaching the death of mining? Looks like it :D

Um, because that was the product that he asked about?  The price has gone down too.  And will continue to go down.  So I'll ask again, why would someone want to lock in a rate today when we know with certainty it will be cheaper tomorrow?
You have their ad in your sig.  You ARE getting paid for that, right? 
Well, this is BITcointalk.org, not LITEcointalk.org.  If you prefer to calculate ROI using litecoin, then fine.  The device costs 975LTC.  It can be expected to mine at absolute most, 300LTC and in all likely hood, a lot less than that. 
It can, but it won't.  And even if it did, you would have just been better off purchasing the coins directly instead of throwing away so many buying this machine.
Nice to know GAW doesn't stand by their products.  They put the machines together, put their name on it, and made sure all over their website everyone knew these were THEIR machines.  Now when they don't work right, all of a sudden they're someone else's machines?
Got it.  So GAW didn't actually do any due diligence before selling the product.  They just took the manufacturer at their word because hey why not?  They'll just blame the manufacturer if they don't work right.  Stand to reason of course, that they are doing that again. 
I do think you needed the definition, because by saying I am "calling you names", you imply you do not know what the word means and just think it is a random insult.  You ARE shilling for them; unless you are going to suggest you do not receive any sort of compensation from them?  That the sig ad is just because you believe in them THAT much?   
A.  They advertised their machines, when in the preorder stage, as being 1.2Mh/s chips consuming 12 watts per, plus or minus 10%.  They turned out to be 1.3Mh/s chips consuming 45 watts, plus or minus 10%.  You can get your calculator if you need to.
B.  I'm not negative towards GAW, you are just really defensive.  He asked a simple question, if the device will ROI or not.  The answer is no, not even close.  I then demonstrated some simple facts to illustrate why.  You then proceeded to attack me and quibble about minor points, throw around vague claims that such and such coin *could* go up in value, and generally do your best to confuse and obfuscate the issue, because my math is quite sound and it is indisputable that these devices will never generate revenue even remotely close to what they cost. 
I do not own any scrypt asics.  I did make a substantial profit selling scrypt asics though.  Given that revenue was dropping faster than the cost of these things, it made more sense to sell them (mining was just something to do while waiting for buyers).  I don't preach one thing and then do another.
I did not preach the end of scrypt mining.  I have no doubt that the manufacturers who build these devices and hence get them at cost (a couple of hundred dollars in the beginning) before anyone else gets them will make substantial mining profits thanks to your preorder money.  They always do.

We may need to adjust our ROI assumptions a little bit (again) ...

Judging by the 504 block average hash rate line, the LTC network has lost a lot of hash recently AND the price has moved up from the low 7s to 8.6 in the last few days. Did some big miner dump LTC and then turn off his miners ?

https://bitcoinwisdom.com/litecoin/difficulty

You probably ought to read the Alpha-t thread …  ( https://bitcointalk.org/index.php?topic=314402.1840 )

the companies that aren't mined out the machines are now shutting hem down and getting ready to ship

If you look at a chart of past network hashrate ( http://www.coinwarz.com/network-hashrate-charts/litecoin-network-hashrate-chart for example) you can see it jumps up and down in frequent intervals, as the large multipools jump on and off LTC.  

At the instant I write this, network hashrate is at 757.88Gh/s (an all time high), with the next re targeting currently set for 26,468 (in 2 days) up from it's current difficulty of 20,239 (a 31% increase) and climbing.   Current block time is 1:54 (targeted for 2:30).  
I'm not sure where you are seeing a drop off in hash rate but there isn't one outside of the normal, day to day fluctuations from switching off to alt coins.  

That was a ~ 16% or 100 Ghs swing this last week …

If Alpha-T don't ship , even then difficulty is increasing at high rate so whether they ship or not is not gonna matter much.

To reserve a spot? That's how pre-orders work. I personally don't like that reservations became the standard in the way mining hardware is sold, but that's the way it is.

No, I'm not - I'm using their sig for free and I'm not registered in their signature campaign.

Yes I find this to be a random insult. You should read people's sigs more often, a lot of them have links to sites they are using be it casinos, exchanges or hardware stores.

There's much more scrypt coins out there ;)
Check this guy's post https://bitcointalk.org/index.php?topic=537912.msg7813796#msg7813796


That's exactly the negativity I was talking about.

So you didn't know GAW machines were rebranded Zeus miners? I thought everybody knew about this, especially months after launch, you learn something new every day :D
Yes they didn't know that the chip specs they got from the manufacturer weren't right. If you order a new model of a car from the manufacturer you also believe they measured the power consumption correctly.

You made money selling hardware and then, decided to troll other seller's threads, thanks for sharing with all of us.

This isn't a seller's thread.  This is a person asking if the device will ever ROI.  It won't, so I answered him honestly, because there are still people in this world who believe being honest and being able to sleep at night is worth more than a few dollars. 

You seem to realize as well that these devices will never ROI, which is why you keep avoiding the very simple question he asked and instead throwing around random other points to distract the issue and vague, "but there are other coins" type statements. 

Incidentally yes of course we all knew who was making the chips in their devices, that isn't the point.  You walk into a computer store and purchase a computer that is labeled as 3.0GH with say 16GB of ram and a 2TB hard drive.  You get it home and it doesn't have any of those specs.  Do you take it back to the computer store where you got it, or do you get on a plane and fly to China since you know the computer store didn't actually build the chips inside it? 
To put another way, now you ARE the computer store owner.  You order a whole bunch of Intel 4770K chips rated at 3.5-3.9GH to put in new machines you build.  When you get them, you realize that they aren't in fact 3.5GH I7 chips but are instead Intel Celeron processors running at 1.4Gh.  Do you refund customer's money to people who paid in advance for the machines, or do you put the inferior chips in the builds anyway because hey, the manufacturer says thats an I7 so it must be an I7?
We all know based on past experiences what GAW decided to do, so it stands to reason should the new pre order machine not be up to spec, that is what they will do again. 

From my experience GAW refunded everyone who asked for it so I don't see your point.

750MHs for 8500,-- is 11,-- for 1 MHs. Thats a new standard from October on

250MHs for 10500,-- is 42,-- for 1 MHs looks like a loss of money, depends whens the shipment finally.

Anyone know the GAW Vaultbreaker official thread? KNC announced they are expecting to ship out soon and I know GAW Miner promised to beat KNC... Sooooooooo ??? ??? ???

www.hashtalk.org has some official teaser threads from the CEO today.

https://hashtalk.org/t/announcement-about-the-vb-coming-very-soon/4401

ASIC mining aahhh, you will never get ROI so get over it , ASICs are only there to make the manufacturers rich and that's about it , can't put it in a simpler way than that , aight ? take care and don't waste your money :)

asic are fine, as long as they are used and cheap. :)

i'd be really surprised if anyone make any money of these almost $10k machines. highly doubtful

Haters gonna hate.

yes get into the asics arms race and be ready to make losses and have to sucker somebody into buying your out dated miner just so u can roi and buy the next big new miner to end up doing the same in 3 months frame rinse and repeat, anybody denying that is just some asic manufacturer troll, some people come here and be like haters na na na bla bla anybody has the audacity to defend this whole ASIC monopoly crap is just plain stupid or paid to do so, peace :)

Sounds like you got burned. Sound like an Obama mouthpiece with all that hatin.

never bought an ASIC never will i'm not stupid :) also this obama nonsense i don't care about it because i'm not american and i can not relate to that crap watsoever ,i'm just being objective that is no "hatin" that is the plan truth this whole asic monopoly crap only benefits the ones who are manufacturing them and dumping them on you once they are about to become useless door stoppers because of the difficulty and remember the newer 10x faster ASIC which is made by the same very company is ready to enter the "testing" phase so prepare your cash to buy it in 3 ~ 6 months lol, nothing personal aight, take care ciao

Blah blah blah... I never tried an apple but I'm sure it's awful. I've seen worms coming out of these and people spraying them with chemicals... I'm not stupid!

if you buy a scrypt asic you will lose your shirt, been there done that

Wrong! If you buy an asic and won't know how to use it properly you may lose money.
I've been buying these since the first generation of Asicminer chips came out and never lost a dime.

Yea, i just stopped responding because they obviously have no experience with it. They've admitted it themselves. Wouldn't waste your breath on the trolls man.

oh there must be a different switch on it that I don't know about. must be called the profitable switch.

if you do that math are CURRENT diff. every machine from GAW will roi in 3-4months.


BTW I bought a scrypt miner from GAW. it was $1000... makes about $5 a day

1000 / 5 = 200 days at current diff. what a piece of shit

You're right. There's always that smart guy who dumps coins on the market every day no matter what the price is, then sums it up on his pro chart and says "I'm getting $5 a day what a piece of crap" :D
Or mines some crap coin and blames the hardware for not making any dough. Or puts the miner in his bedroom and complains that it's loud and hot.

all alt coins are in the shit right now, they are not going anywhere. ltc is $7.5

if you get lucky and hold all your LTC and the price is $16 ok you might make your money back. is that gunna happen? hope it does for me and you.

btw you're just a bullshiter, if you need to put some dumbass advert in your sig to get a tiny bit of btc, you must be really rolling it in from mining LOL

You're way wrong. At current diff gaw miners would roi in 20-30 days. Think I know why you're losing money. Cause your math sucks ass.

And, the profit switch is like the gspot. You gotta know how to work your equipment to find it. Maybe in a few years you'll find one or the other!

to the op i just told u what it is all about u sure are free to try , to everybody else i just don't care what u think i'm entitled to my own view also that smart guy saying oh why mine and dump ok then i tell you why buy an asic at all then, just buy the coins and hold if u r gonna play the holding game anyways

also yea i know u have suckered lots of people into buying your out dated asics that's why u never really made a loss, yet u have the audacity to call me a troll u sir qualify as a scammer for doing that to un-suspecting noobs lol ....

note : never heard of something called feedback ? i never really have to own an ASIC to know what it's like to step into these ASIC waters lol but that was a good one actually blah blah blah, like really ?!

If you pay full price for the Asic, you will probably not ROI.
If you wait for it to go on sale, and your electricity is
relatively cheap, you will probably ROI. But no one here
knows or can predict the future. Litecoin could be $40
again or it could go to zero.  BTC on the other hand is
doing very well with merchants, debit cards, and soon
paypal.

Mainly because BTC is past the initial ASIC transition.  BTC fell from 500 to almost 50 as ASICs were being deployed.  Many thought it was going to go to $20.  LTC and scrypt coins need to go through the transition.  Fortunately it is happening faster.

What he said.  I bought a Falcon for $500 other day.  So far is averaging $13/day.  As long as current rate doesn't fluctuate much, will ROI in 40 days.  I am content with that, as it should be paid and turning a profit for me before all the big scrypt miners hit the market.

yeap and the diff is going up so much... its gunna go down and down and down

you can't buy afalcon new for $500 not even close

when I bought my BW, it was going to ROI in 40 days.... at the diff at the time... guess what... IT DIDN'T LOL

the diff keeps going up. when I first got it I was getting 1 LTC a day now its about .5 or .6 that was only two diff changes ago afaik

You should really do a little research before you post, as the current price on a Falcon is $599.99 and they were on sale for $499.99 just this week.

how much was the BW?

the falcon was what over 2k when it first came out. the price now reflects how much the diff has gone up, and will continue to rise

we'll check back in 40 days see how that falcon is doing if its made $500 yet lol

oh yea and your $13 definitely is not counting electricity. even if you have cheap power like me 0.06... its not $13 a day lol

Currently $349.00.  Believe they were on sale other day for $299.99.  Also, mining LTC is not the best route to go.  Leaving a lot of money on the table by not mining other alts.  Probably 25% decrease on average.  I have yet to mine LTC since I started mining.  So if you are mining LTC, that is your first problem.

And it is $13 average a day right now, as its hosted and I am paying nothing for electricity for the first month.  After that, its $2 a day if I leave it there, which I probably will until I sell it.  Which I will do once it gets down to around $4-5/day average.

It most likely will take over 40 days but I would wager that it will ROI before it costs more to run it then it makes daily.

yea it will roi before its completely worthless but it'll be a long time.

and my BW does not like multipools, the discarded shares are through the roff. it was getting $3 a day mining alt coins... check your discarded shares compared to accepted...

on any multipool. It was 1:5 accepted vs discarded. straight LTC its about 1:1.5

FYI for the last 4 weeks or so LTC has been more profitable than the coin switching pools. waffle pool has been around 90% vs LTC for the entire time.

right now it seems there must be some new shit alt coin that is profitable before its 130% vs ltc right now

ive been minig and holding LTC. hoping that it goes up...

So GAW Miners posted about some big announcement about a week ago... Was it simply the purchase of btc.com? Or was it something else?

Cause they made it seem like the annoucement was relating to the Vaultbreaker release.....

https://hashtalk.org/t/announcement-about-the-vb-coming-very-soon/4401

One was when they up the hash power of the VB to 750mh and the minin to 375mh. They also had a statement for the Zenminig site as well as the new revamped site and btc.com. Busy little bees these GAW people.

Yes... busy bee's but still no update regarding the VB:( He promised to beat the Titan to market, so I was really hoping it was something along those lines!

The upgraded hash power is kinda old as they have already closed out that batch, so don't think that's it either. Guess we'll see

Titan is nowhere near shipping and the Vaultbreakers were all sold (pre-ordered).
Don't be so hasty :D

I knowwwww. I bought two 750mh machines so I'm anxious:(

I've done a comparison of all the Asic Scrypt Cloud Mining hardware from GAW on my blog.
I calculated cost per Mh over a 4 month period to include purchase cost and maintenance.
The WAR MACHINE came out top.

http://www.cryptoblog.org.uk/2014/08/06/scrypt-mining-cloud-best-bang-buck-gaw-miners/ (http://www.cryptoblog.org.uk/2014/08/06/scrypt-mining-cloud-best-bang-buck-gaw-miners/)

Sadly no Vaultbreakers :(

Soooo... the new VB's will be connected to the Zencloud... Did you guys realize you can't mine your preferred coins on there? You're limited to certain multipools?

Also - After the 30 day period it says you can ship your machine (and farm yourself), but it also mentions a 14 day period.... Does that mean you're not mining for that 14 days?

Seems like a huge burden simply to get your machine to be able to mine the coin you want... Or am I misunderstanding?