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Title: Miner with 38GH/S Post by: Tany3450 on December 07, 2014, 05:32:42 PM Hi. Please consider a miner with 38GH/S hash speed.
How long does it take to get 100$ from mining ? With 7/24 working. Assume electricty is free. Title: Re: Miner with 38GH/S Post by: inBitweTrust on December 07, 2014, 05:50:29 PM Hi. Please consider a miner with 38GH/S hash speed. How long does it take to get 100$ from mining ? With 7/24 working. Assume electricty is free. Even with free electricity you will never make 100 dollars because of difficulty increasing. If difficulty averages around 15% a month you will make around ~17 dollars in 2 years and not growing from that with free power. If difficulty averages around 10% a month you will make around ~25 dollars in 2 years and not growing from that with free power. Title: Re: Miner with 38GH/S Post by: iluvpie60 on December 07, 2014, 05:55:12 PM mining is currently not worth it, the rate of difficulty increase screws you over each time.
Title: Re: Miner with 38GH/S Post by: confirmation120 on December 07, 2014, 06:07:59 PM Assuming that difficulty stays exactly the same then it would take ~18 months for a 38 GH/s miner to mine $100 worth of bitcoin. If the difficulty goes up even a little bit every 2016 blocks then it would take in excess of two years.
If you are considering paying $100 for a 38 Gh/s miner then you are overpaying by a lot Title: Re: Miner with 38GH/S Post by: Amph on December 07, 2014, 06:24:05 PM don't do it, not worth it at all, that thing can't 100 dollar in a reasonable amount of time, the calculator say it earn you 0.19 dollar a day, do the math...
Title: Re: Miner with 38GH/S Post by: alexrossi on December 07, 2014, 08:48:35 PM With this hashing power the only funny thing that you can make it's using it as a lottery ticket for solo mining (you will need to run also a full node)
Title: Re: Miner with 38GH/S Post by: MrGreenHat on December 08, 2014, 01:48:47 AM With this hashing power the only funny thing that you can make it's using it as a lottery ticket for solo mining (you will need to run also a full node) Or you could just mine in one of the many solo mining pools offered by Ck, and others.Title: Re: Miner with 38GH/S Post by: ChuckBuck on December 08, 2014, 04:10:20 AM With this hashing power the only funny thing that you can make it's using it as a lottery ticket for solo mining (you will need to run also a full node) Or you could just mine in one of the many solo mining pools offered by Ck, and others.Speaking of BTC lotto ticket the easy, like MrGreenhat mentioned, point your 38 GH/s miner at CKpool here: https://bitcointalk.org/index.php?topic=763510.0 http://solo.ckpool.org/ Doesn't get more simple than that. Title: Re: Miner with 38GH/S Post by: Adrian-x on December 08, 2014, 05:50:51 AM Hi. Please consider a miner with 38GH/S hash speed. How long does it take to get 100$ from mining ? With 7/24 working. Assume electricty is free. Difficulty is dropping and I think it's safe to assume it isn't going to keep trending up at 10-15% per month untill gen 3 and 4 asic's come online. So 4 - 6 months before we see difficulty growth if the price stays where it is. That said you are better off buying new asic's than second hand ones. Check out this calculator play with it untill you understand all variables. Put in you estimate for Bitcoin difficulty adjustments try 0 if you think it will go down. https://bitcoinwisdom.com/bitcoin/calculator |