Bitcoin Forum

I´m pretty new to this BTC stuff and I´m really interestet in it.
A Friend of mine told me about the USB miners.
So I plan to build a small miner with 3-4 sticks to mine my own coins.
What do you think about this? Would it be a good start for a newbie and would it be an effective and cheap way to mine?
BLF can´t deliver in the near future if I order an Jala.
I know that if I buy this setup I wouldn´t reach the ROI until the end of the year.
My plan is to make a long therm mining project.

Hope to hear from you and hello from germany

it seems like the price of the usb miners are falling all the time. from ebay to places that sell them for btc, they are just getting lower.

looks like now you can get them for around .6 - .7 btc or for around $80usd today but give that a week and it will be a lot lower i bet.

and if your just mining for the long run, it doesnt really matter what you use. roi is not something to think about until the hardware prices become more stable. and for that to happen, there would have to be more dependable hardware vendors and more availability of devices.

in the end its a fun game to play so you really cant lose because no matter what you get something for something, just those somethings may or may not be worth the same value monetarily speaking

here are a couple of articles you will wantt o look at:

http://bitcoinsbs.wordpress.com/2013/06/27/quick-math-what-will-my-mining-rig-bring-in/
and
http://bitcoinsbs.wordpress.com/2013/02/09/btc-mining-considerations/

Do know that it may take you longer than the end of the year for your ROI. Good luck!

There's currently a group buy for 0.45 BTC.  Enjoy!

https://bitcointalk.org/index.php?topic=263587.0 (https://bitcointalk.org/index.php?topic=263587.0)

I cant wait to get a few of them and try out this.

http://learn.adafruit.com/piminer-raspberry-pi-bitcoin-miner/ (http://learn.adafruit.com/piminer-raspberry-pi-bitcoin-miner/)

make sure you get a hub that works with the pi. the Anker 10 hubs do not.

As far as I know, the electricity costs in Germany are rather high... It wouldn't surprise me, if you'll never make your investment back.

I hear time and time again the difficulty of breaking even with the USB miners

If you are mining for interest rather than profit, then go for it.
I am a noob too and picked up some from btcguild a few weeks ago and have been happily mining and learning away.
You don't have many other options if you want to mine now.

I really like the idea of USB miners because it means you don't have to sacrifice your graphics card to mine, I might actually get at least one if the prices are lowering as you say, if only they'd make them compatible with scrypt coins, then they'd definitely be worth it.

They can't, there isn't ASIC for scrypt (and I think is better that way).