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Title: What is the average in months to make up your mining setup costs? Post by: HiSoC8Y on September 09, 2014, 02:55:47 PM How do you measure if it's worth it for you? i mean in terms of months...
if you make up your initial investment, in 3 months? 5 months? The earliest the better, but what is the minimum average? Title: Re: What is the average in months to make up your mining setup costs? Post by: jonnybravo0311 on September 09, 2014, 03:42:23 PM How do you measure if it's worth it for you? i mean in terms of months... If you believe the majority, then it's an infinite amount of time since no mining hardware purchased right now has a prayer of making back the investment. Of course you could disregard the majority vote and do your own predictions to see where it gets you. A lot is dependent upon a number of factors, which I explained in the other post you made asking about this here: https://bitcointalk.org/index.php?topic=775825.msg8744119#msg8744119if you make up your initial investment, in 3 months? 5 months? The earliest the better, but what is the minimum average? Title: Re: What is the average in months to make up your mining setup costs? Post by: notlist3d on September 10, 2014, 04:00:19 AM It varies greatly. Unless you and someone else use same host and got same miner at same cost it will not be the same.
Make sure to include electricity, heat removal, etc. It is still possible to ROI. But do the math as everyone is different. Title: Re: What is the average in months to make up your mining setup costs? Post by: DrG on September 10, 2014, 06:10:40 AM Well my 4 S3s that I received on 8/14 have earned 0.9BTC in 26 days - they should hit 1BTC before the next difficulty. Initial cost was 2.64BTC. At the current rate of increase I break even in 4 months because I have free power.
Had I not had free power or very cheap power I doubt the units will ROI. Title: Re: What is the average in months to make up your mining setup costs? Post by: philipma1957 on September 12, 2014, 10:42:44 PM Well my 4 S3s that I received on 8/14 have earned 0.9BTC in 26 days - they should hit 1BTC before the next difficulty. Initial cost was 2.64BTC. At the current rate of increase I break even in 4 months because I have free power. Had I not had free power or very cheap power I doubt the units will ROI. I got some batch 1 s-3's 2 for 1.35 btc mined them since july 26. they have earned just over 1.1 btc and they power was .06 so they have 1.04 btc earned after power. so they are .31btc in the hole. after 50 days I think in 25 days they will be even so 75 days to break even. but I had the psu so that = 0 cost. I was running the internet 24/7 anyway = 0 cost and these have .025-.03 cents a k watt for power. Title: Re: What is the average in months to make up your mining setup costs? Post by: notlist3d on September 13, 2014, 02:20:23 AM I think they are onto something about PSU's. Sadly setup cost of PSU can add up. They make server breakout boards to lessen it. But a lot of us got lucky keeping PSU's from gpu days. If you have lots of room and power it helps.
Title: Re: What is the average in months to make up your mining setup costs? Post by: philipma1957 on September 13, 2014, 02:51:03 AM I think they are onto something about PSU's. Sadly setup cost of PSU can add up. They make server breakout boards to lessen it. But a lot of us got lucky keeping PSU's from gpu days. If you have lots of room and power it helps. even the server ones while cheap at first tend to burn more power. now that asics need to be 1th or more to earn even power sipping ones at say .75 will burn a lot of watts |