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Title: A few newbish questions Post by: omegaaf on October 21, 2014, 08:58:26 PM So, I used to mine and stupidly sold all my bitcoin, I was thinking about getting back in with a bigger bang. I am saving up around $2500CAD for a rackmount miner. Which brings me to my questions. I understand all the risks, the need to add more with each (exponential) difficulty, etc. Ive simply fallen behind with all the rapid changes.
1. How many TH/s would I require in February to produce 0.5-1BTC/day (Approx)? 2.What are some of the reputable places I would be able to purchase rackmountable miners that preferably I will not need to preorder. Or perhaps a rackmount chassis and required hardware that can neatly mount a bunch of relatively powerful ASICs, such as beagleboards(?) or better? 3. What can I do with the hardware afterwards that could potentially be profitable? Thank you all for filling me in on what I simply can no longer find. Title: Re: A few newbish questions Post by: puwaha on October 21, 2014, 09:33:25 PM You are probably better off going to a cloud mining setup. You can purchase actual hardware at GAW miners (see link in my signature), and they will host it for you. Or you can buy their Hashlets.
Lastly, you can buy contracts from other cloud mining outfits, but most will never ROI. Title: Re: A few newbish questions Post by: notlist3d on October 21, 2014, 09:41:49 PM You are probably better off going to a cloud mining setup. You can purchase actual hardware at GAW miners (see link in my signature), and they will host it for you. Or you can buy their Hashlets. Lastly, you can buy contracts from other cloud mining outfits, but most will never ROI. Depending on your electricity price, and if vat and other things you might be better off with hardware. It all depends on those things if you are better off with hardware or hosting/cloud. Title: Re: A few newbish questions Post by: omegaaf on October 21, 2014, 09:49:33 PM You are probably better off going to a cloud mining setup. You can purchase actual hardware at GAW miners (see link in my signature), and they will host it for you. Or you can buy their Hashlets. Lastly, you can buy contracts from other cloud mining outfits, but most will never ROI. Depending on your electricity price, and if vat and other things you might be better off with hardware. It all depends on those things if you are better off with hardware or hosting/cloud. This is precisely why I had to stop when it was $10/BTC where I was generating 3 BTC/week with my graphics card, I couldn't afford the $600/m hydro bill, but next month Im moving into a place with hydro included and thus my return. Plus I have a really nice 7 foot tall server cabinet that would look pretty sexy with a couple 4U miners running lol Title: Re: A few newbish questions Post by: notlist3d on October 21, 2014, 11:13:24 PM You are probably better off going to a cloud mining setup. You can purchase actual hardware at GAW miners (see link in my signature), and they will host it for you. Or you can buy their Hashlets. Lastly, you can buy contracts from other cloud mining outfits, but most will never ROI. Depending on your electricity price, and if vat and other things you might be better off with hardware. It all depends on those things if you are better off with hardware or hosting/cloud. This is precisely why I had to stop when it was $10/BTC where I was generating 3 BTC/week with my graphics card, I couldn't afford the $600/m hydro bill, but next month Im moving into a place with hydro included and thus my return. Plus I have a really nice 7 foot tall server cabinet that would look pretty sexy with a couple 4U miners running lol Yea having low priced electricity is a must at low priced BTC. Profits are tighter then they once were. I still think ROI is possible mining, but greatly varies between people and their locations. |