Bitcoin Forum

Hi all....please don't bash your head into your desk because this is another "im new to mining, should i do this to make $" thread.  Well, it kind of is.. :P

I'm looking to get into mining bitcoin for fun, and any profit would only be a side bonus.  My goal right now is to do mining to make a bitcoin or two down the road, to hold on to them and hope that the price of BTC increases in the years to come.

Now I've done some research by surfing the good ol WWW, especially these forums, and understand the difficulty is trending on only increasing and mining for profit can be expensive if someone is serious....... but I figured I'd throw my scenario out to you guys/gals and see what your thoughts are.


I saw a few Butterfly Labs Jalapeno boxes on eBay that say they can mine at 10-12 GH/s for around $350 +shipping.  From what I've read, these are simple boxes you just plug into a PC and start mining (Im sure with a little set up).  If I'm wrong with that, please let me know.  If it's that simple I was going to click Buy and plug n play with it.  The PC I'll be using is a very standard home PC, Windows 7, nothing exciting about it.  The positive is that I will be running this machine where I do not have to pay for electricity.  No it's not my parents house, it's my office, I figured it's another way I can stick it to the man.

What are your thoughts?

Thank you!  ;D

What are my thoughts ?
You will never make 350$ back with jalepeno , and stealing electricity from a business , and or taxpayers in the case you work for the government just makes you a fucking scumbag.
Even if you work for a bank , who is in fact the man, your still a scumbag for stealing.

Wow, some people here are real assholes.

Ain't that the truth. Gopher09 has no idea who OP is or what OPs personal situation is.

OP, if you want to buy the jalapeno, and you can afford to spend the money, my opinion is to do it. Buy it, plug it in, watch it chug away. You seem like you want to get into mining and I think you should. Get into it. Get your feet wet and have fun. Learn all you can about mining and the bitcoin network. Earn some bitcoin and then spend it. Give it away. Buy some, sell some, save some, get active in the bitcoin community. Talk to your friends about it. Talk to your family about it. Spread the word. Get others interested in bitcoin. Just don't expect to get rich mining, it won't happen. Unless you plan on going balls deep and even then it's a risky move.

I see so many people on this forum telling people not to get into mining because it's not worth it anymore. I call bullsh!t on that. Miners secure the network, even the little guys like us. We contribute.

Are you actually defending him stealing? Wow, as if his circumstance might somehow make it ok to steal??
You are also a scumbag.

It's stealing no matter how you slice it. Banks have been doing it for years, corporations thrive on shorting the little guy on damn near everything and the govt has had it's hands in our pockets legally ever since the 16th amendment was passed.

Do it. It's fun and the worst case scenario is you end up not making any money and you are out $350 that won't even be worth $350 in two years.

Let's just say the difficulty levels back down, what sort of results could be assumed that a simple machine makes?  Again....rough guess, Im not searching for hopes and dreams of getting rich quick.
I tried to use a BTC Calculator and felt like an idiot...

Are you actually defending him stealing? Wow, as if his circumstance might somehow make it ok to steal??
You are also a scumbag.

Let's just say the difficulty levels back down, what sort of results could be assumed that a simple machine makes?  Again....rough guess, Im not searching for hopes and dreams of getting rich quick.
I tried to use a BTC Calculator and felt like an idiot...

So i ran a quick calculation and it looks like that setup would return approx. 0.0023 BTC/day.....woot!  Its like i would have a machine to automatically run BTC faucets for me lol.  Whatever, sounds like pennies to some people, sounds interesting to me.

This could be a baby step into further investing into btc mining if i like it and understand it

Another newbie mining question.  

Is there a meaningful difference solo mining from a windows wallet vs. using setting up CGminer?  I've found tutorials on how to solo mine but none which go into detail about why it's important to set up CGminer.  Does hash rate improve dramatically?

Yes solo mine.
Definantly buy it for $350 that's a great deal.
And solo mine from a wallet.

I think you are mixing laserfocus's question and mine together.  You also edited your last comment I am quoting....you said with a 8 gh jaly it would take 2,300+ years to mine a whole block.  Again, i think you are mixing two questions together.

For that price it's not a good deal in my opinion. Take a look at the Proxpero X1 (http://www.blackarrowsoftware.com/store/prospero-x-1.html). It is currently on sale at 353$ with a 100 GH/S rate.

I bought 4 jalapeno's for 25 euros each what a steal.

I would have sold you 300GH/s of BFL miners for that price if you paid for shipping  :P

I would buy one for fun, when it would have integrated cgminer running with wlan support. its stil available new for $50 at butterflylabs hp.

BFL is the worst of the currently "living" ASIC companies.  If you order a "new" miner it will ship after Two Weeks and come covered in dust because they've been mining with it since last year (it will be anything but "new").

hahah yeah probably. they keep their miners in stock, what means, its 'living' stock. i would say its not the worst, because they actually had always a product.

Are you actually defending him stealing? Wow, as if his circumstance might somehow make it ok to steal??
You are also a scumbag.

Wow isn't this a bit of an old thread to be bringing up?