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Title: 1 T/Hash miners? Post by: GBGglenn on April 12, 2014, 04:00:03 PM Is it worth buying right now, thinking in the long run. How long time will someone be able to mine with 1 T/hash before the difficulty becomes to hard? Seems like the last 3 months there is a big difference.
Title: Re: 1 T/Hash miners? Post by: Bicknellski on April 12, 2014, 04:06:02 PM https://bitcointalk.org/index.php?topic=504530.0 <--- read here.
Quote Just don't rush in thinking you are going to make a ton of riskless money. At current retail prices I doubt most hardware available will break even unless the growth rate slows substantially, which seems unlikely in the near term. I think the exuberance of miners has fueled the irresponsibility in hardware companies and driven more competent and cautious parties out of the market. It's all our our responsibility to behave sensibly if we want bitcoin to flourish. - Gmaxwell Title: Re: 1 T/Hash miners? Post by: GBGglenn on April 12, 2014, 04:23:00 PM Thank you for the answer. :)
Title: Re: 1 T/Hash miners? Post by: nostradamus on April 13, 2014, 11:41:53 AM https://bitcointalk.org/index.php?topic=504530.0 <--- read here. Quote Just don't rush in thinking you are going to make a ton of riskless money. At current retail prices I doubt most hardware available will break even unless the growth rate slows substantially, which seems unlikely in the near term. I think the exuberance of miners has fueled the irresponsibility in hardware companies and driven more competent and cautious parties out of the market. It's all our our responsibility to behave sensibly if we want bitcoin to flourish. - Gmaxwell Seconded. Well said. Title: Re: 1 T/Hash miners? Post by: trader59 on April 13, 2014, 02:20:05 PM It's all a numbers game, current 1 th/s miners will return close to 6BTC. At $1000, that would mean the miner would cost 3BTC ($3,000) and return 6BTC for a 3BTC profit. But at $400, the miner costs 7.5BTC and would return 6BTC for a 1.5BTC loss. You're better off buying and holding.
Title: Re: 1 T/Hash miners? Post by: Bicknellski on April 14, 2014, 10:33:42 AM Thank you for the answer. :) Thank Gmaxwell. Any other questions? Posted from Bitcointa.lk - #HeUo5R8Z1rYfD1nA Title: Re: 1 T/Hash miners? Post by: mark978 on April 15, 2014, 02:25:08 AM It's all a numbers game, current 1 th/s miners will return close to 6BTC. At $1000, that would mean the miner would cost 3BTC ($3,000) and return 6BTC for a 3BTC profit. But at $400, the miner costs 7.5BTC and would return 6BTC for a 1.5BTC loss. You're better off buying and holding. The only caveat to that would be something like the S1 antminers, purchasable with btc that for awhile kept dropping in price to keep them an attractive option. It removes (some) of the uncertainty around pricing if a miner can return more btc than it costs to buy (with some guesswork dif increase %) in a respectable amount of time before energy costs eat the value. My uneducated guess of 20% increase, at the price I grabbed the miners, including PSU (x6) will, maybe, ROI in 87 days, year end btc profit of 39% But! Power supply=free network connection=free misc supplies=free Only down side is the 100A service in the apartment. Been chatting up neighbors hoping they would let me mine for a share of profits. Title: Re: 1 T/Hash miners? Post by: fattypig on April 15, 2014, 07:43:35 AM Is it worth buying right now, thinking in the long run. How long time will someone be able to mine with 1 T/hash before the difficulty becomes to hard? Seems like the last 3 months there is a big difference. Yes buy order those 3-10 TH ASIC which might come out after the 1-3 TH ASIC... Title: Re: 1 T/Hash miners? Post by: Lamber on April 15, 2014, 12:05:31 PM IT should be worth if you can buy cheap BTC and buy that 1th miner, BTC will be worth a lot more thanit is now.
Title: Re: 1 T/Hash miners? Post by: ChuckBuck on April 15, 2014, 01:01:47 PM At $500 and sub $500 levels doesn't make sense to invest all that BTC into a miner.
Just buy and hold and enjoy the ride. ;) Title: Re: 1 T/Hash miners? Post by: crocko on April 15, 2014, 10:49:02 PM You may consider to invest in BTL (aka BitLeu) coin too:
https://bitcointalk.org/index.php?topic=510353.msg6199965#msg6199965 Title: Re: 1 T/Hash miners? Post by: blackvoice on April 22, 2014, 03:43:08 AM Is it worth buying right now, thinking in the long run. How long time will someone be able to mine with 1 T/hash before the difficulty becomes to hard? Seems like the last 3 months there is a big difference. At the moment, it's normal to see a 1T rig Title: Re: 1 T/Hash miners? Post by: emilyatk on April 22, 2014, 12:44:53 PM Mining for btc not worth the cost.
Title: Re: 1 T/Hash miners? Post by: pjviitas on April 22, 2014, 04:06:56 PM 1TH/s gets you around 1BTC/month and takes up an entire 15A breaker.
At currently rising difficulty rates how many spare 15A breakers does a home have? |