Bitcoin Forum

Hi,
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?

While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.

400 usd is far too high a price


http://zoomhash.com/collections/asics/products/copy-of-plug-and-play-230-250mhs-5000w-scrypt-asic-package-domestic-usa-only-ships-from-los-angeles

i had some of the above   decent gear

the cost is 289 + 60 to ship to New Jersey from west coast.  you pay 350 usd use paypal to pay and get 23mh

it uses under 500 watts.

But I don't live in USA. So I'd have to pay for importation, which is not cheap. In fact, it makes any bought overseas ASIC expensive.

Is mining worth actually? I would buy a scrypt miner (5.6 MH/s), but I just gave up when I saw Lottocoins costs 0.00000056 LTC (I was about to get one miner, until I saw it was showing in LTC, not BTC).

Way to high for my top of line A2 30 MHz mini (uses 330 watts).  I sold last week for around 475 including shipping.  You can get the 1k for 30 MHz even cheaper.  But I would warn at this point 30 MHz using 1000 watts is getting closer and closer to end of it's mining life unless you don't pay electricity.

Are you from Europe? If yes, check eBay. Got some Zeus Blizzard 3.6 MH/s for around 110 EUR each. Using a multipool with merge mining (Doge, uLTC, Sys, PTC) and some good coins will bring you approx. get 0.0002-0.0003 BTC/MH/Day. ROI within 100 days might be possible (in case BTC price will remain at around $400).

Interesting pools:

https://www.ipominer.com/
http://hash-to-coins.com/ (http://hash-to-coins.com/index.php?page=register&rid=7300)
https://coinking.io/
https://give-me-coins.com
https://www.litecoinpool.org/ (LTC pool paying PPS)
http://www.coinmine.pw

I would say it's not worth it, 5.6 MH/s Scrypt hash power is just too little nowadays. You be better off using the $400 to buy some Hashlets (virtual miners) from GAW. If you're lucky you could get maybe 9 or 10 Prime Hashlets from the Hashmarket with your money. Each one of these is 1MH/s of scrypt and they are lifetime contracts  :)

But is not too risky to invest our money in a company which we don't even know where it is located? I mean, Zen is not the same Company as Gaw miners, right? And hey american friends, have you ever seen personally Gaw Miners ultimately? Because I noticed in their website that even their certification does not show from where the company is anymore (before, it showed it is/was from Connecticut). It's now shown "this site does not provide identity information". The same as in ZenPortal...

How many said something similar about GOX ? lol..

We're supposed to free ourselves from 3rd party intervention. NOT the other way around. ;)

Its not worth it. You will make $0.50 a day if you have free power. Even at $400 you would never ROI.

Stay away

It is not worth it.

Right now, at retail prices for hardware, mining isn't really very worthwhile. You would never see that hardware earn $400 on almost ANY coin, to pay for itself. Most hobbyists do it for fun, or they have a situation where they get free power and don't have to worry about expenses, beyond the cost of the hardware. But for everyone else, it has grown increasingly unprofitable. Hardware manufacturers, in my opinion, are gouging retail miners with their prices. So are most cloud mining services. Unless the coin price switches into a STRONG bull run and explodes upward (unlikely right now) my mining is more or less on hold, until prices of both hardware and coin come into a more copacetic relationship.

I'm taking the money I would have spent on hardware and putting it in coin to sit on, in the meantime.

That's what I thought. So I think I'm going to simply hold Bitcoins while the prices are low and sell them when they are high. It's a good step to get a lot of money, right?

I agree with this. It really isn't profitable to mine coins in the current market condition.

you'd better not buy any hash now days

it's Profit is small and even at a loss

$400 is definitely too much. Look for another hardware or virtual mining/contract. Or spend your money for something else.

Hashlets may be an option but I do think there are much better was to spend your $.

Like throwing your money down a rat hole.

If you're going to spend that much wait for the AntMiner L1... $600 for 120MH/s. That's $5 per MH/S not $75 per MH/s.

The price is very high and mining is not so profitable at this moment. It's better to buy BTC with it ;)

mining is better than buying directly, because can makes you more btc, buying and holding cannot, this is not the case of course...

I have two of those for sale if youre interested, Im from Spain so if youre in Europe we can work something out! Pm and Ill give you more info

Is there a certain coin you want to mine? If so consider renting has or buy it if it on an exchange.

Hey, AjinNYC! Don't expect to see Antminer L1 available again! I have emailed them ~1 month ago and they noticed me they won't NEVER sell that miner again. I'm almost sure they are just mining for themselves and don't want anyone to compete with themselves.

https://i.imgur.com/lyhTjKj.png?1

So what there might be a shop that sells it thats not the end of the world! Also scrypt asics performance are a lot better than SHA

Well that sucks, but the Hashra Astro seems like a better speed to cost ratio anyway (although the electricity usage is higher on the Hashra).

first use a calculator to calculate in how much time it will return your investment and then profit
if you find that it will give you a good ROI then you should buy them

no not worth it ..  trust them they are right  i just sold one on Ebay for 105$ .

Yes they are not worth it at all.

You can buy one, use it for a few months and then sell it asap.

Problem with eBay is many buyers will send it back after 45 days for a full refund when they realise the low ROI

I forgot Hashra Astro! I found it useful to make people who are waiting to buy L1 to don't waste time (and lose money) for Bitmain to bring back the Antminer L1.

I'm afraid to never ROI with Astro, since Coinwarz says it takes ~200 freaking days to break even (I'm adding import duties, which is damn too expensive where I live).

400$ ? that miner worth like 30$ ... lol ..

Where did you find for only 30$? I also need to literally double the final price when looking for a miner to buy because of import duties.

I'm not  to worried i had it set for 30 days in the US and this guy knew it all most had no value. I don't sell to anyone out side the US to be safe. the one i did sell was a H x3 i asked the guy if  he got it even thu ups showed he did . he gave no feed back at all it has 10 days left in returns, I'm sweating that one.

he may mean the 5 chip one which doesn't even come close to 5.6 MH ,that's about the going price or less atm for one of those.

Exactly, then the 5.6mh gridseed sells on ebay for about 100€, quite decent!

Oh, so in this case I think he is right (though he didn't take into consideration the import fees).