Bitcoin Forum

Hey!

I am wondering if there is any mining hardware around $100 that might roi.

Thanks

No :)

Edit: actually, I should correct that, as you said might.  Buy any miner for under $100, play the lottery at a solo pool (or solo mine on your own), win the full block reward, and you'll easily ROI.  The odds of that happening are just very slim.  But it might happen.

  sure is your power cheaper then 4 cents a kwatt?  if it is 4 cents a kwatt a used s-3 stands a chance.

Nah, I wish. How about a scrypt miner? Or could I mine a new altcoin (SHA-256) and hope it does well?

The answer is no. You're better off buying and holding bitcoins. Altcoins are like a shitty version of penny stocks.

Edit: And this is directed to people with budgets below $10,000 generally.

The answer is yes, just not with the current bitcoin prices. It depends on the price of electricity where you live and the price of Bitcoin in the next months.
Let's say you bought a used S3 you'd be getting 0.147BTC a month ($40). This could turn into $45 or $50 if BTC keeps going up.

The answer is yes for a strict-semantics parsing of the question. Provided the miner is mining, you will get a return on your investment. Whether that return is positive when initial investment and operating costs are factored in, however, is a much different question.

And no, I won't apologize for correctness. I cringe every time I see the term "ROI" misused. It's this community's "their/there/they're".

I would think scrypt miners are less likely to ROI (in terms of bitcoin) then SHA-256 miners are because of the fact that over time the price of altcoins tend to decline, so you will have he double whammy of an increasing difficulty and decreasing value of the alt coins you end up mining.

If you live in a cold part of the world, then you can effectively "lower" your cost of electricity by replacing your furnace/heater with miners that would be used to heat your home.

basically only a used s3 has any chance to roi at this point.

Free power + used S2, and you probably will ROI.  ;)
If you don't have free power, you have pretty much zero chance with the current hardware on the market.

S2s seem to be going for around a hundred bucks each, not including potentially hefty shipping costs (you can mitigate this with local pickup if you're lucky). Any of those 1w/gh miners near a TH that are nearing end-of-life are great if you have free or near-free power.

Instead of Hardware, why not cloudmining ( If you can find a legit company ) ?

and 99% are not!

the answer is: how much you pay for electricity?

.14 KWH. If that is high, can I host my miner elsewhere?

that price is to high to do serious mining at home! unless your heating is electric, then is perfect until summer time(depends on your climate)

only way to make positive roi on your energy price is to find very very cheap miners that has good speed per electric consumption ratio!

you can search for a data centre, friend that has electric heating, 'free energy''... work place etc....

i usually use this https://bitcoinwisdom.com/bitcoin/calculator for my calculations

But with proper research you can invest in that 1%, and go along with it.

As to the Op, even free electricity would probably not lead you to get a ROI, specially when the next year halving happens.

at this point is better to buy a small miner, that consumes little electricity and play the lottery

if you are lucky you will get 25 btc, otherwise you will lose a little

What he said.

You can also try to find some KNCMiner Saturn or Jupiters, they are SILENT and fast but huge power hogs. Like 650Watts for only 500Gh/s

Never do cloud mining, ever. There are no companies you can trust. AMHASH had one of the best reputations in the business, had a real farm, and then cut and run with everything!

Don't do it.

If you can fetch a box of broken gear for little or nothing, fix some of it, sell most of the working ones and mine on the rest (or the ones that you can just get limping). This requires practical skill in electronics repair, of course, but it works.

For the 100$ you might just want to purchase hashing power with it in Cloudmining and be done with it.

To cloudmine, or not to cloudmine? That is the question.

ahahahahahah hahahahah.

No. Don't do that. You will get scammed!