Bitcoin Forum

hello i am thinking about starting mining not to be rich but just to make some extra coin
i have been looking around  on different hardware and i like those asic usd
my budget is only big enough to bye 46 asic bitcoin mining usb and what ever i need to make it work

so my question is how much would i be able to make on that setup
it need not be precis just an estimate

and would it be more profitable if went after litecoin instead

And the Next ask the same....

Mebe read A little  on the forum ?


H

If you are serious about getting into BTC mining, then there really can only be two ways to go, one is to run it for the sake of supporting the community, two is to make money from it, which means not playing around with USB toys unless in the near future someone comes up with a 100 GH/s USB miner, at which point, yes 46 of them would get you in the game.

i am not doing it to be rich

i was looking this site https://bitcoinwisdom.com/bitcoin/difficulty

i think i am doeing it wrong
 46usb X 330kh/s = 15180kh/s
when i put that in the bitcoin calculator it gave 0.0004144usd a day
but when i put it in the litecoin calculator it gave 23.1usd a day

can that be right or have i misunderstood this......

Bitcoin mining USB sticks only mine bitcoin. There is a USB stick that does Litecoin, but from what I can see, you are referring to the now very outdated 330 MH/s USB sticks from yesteryear. 46 of those will give you about 15 GH/s all up, or about 40c a day at current difficulty, and by XMAS, about 13c a day.

Take into account about 100 watts an hour 46 USBs would accumulatively use, plus the power draw of the hubs, and you would be left with nothing, or close to nothing, if not running at a loss.

No not worth it.

In order to mine for profit, you need cheap or free electricity, need power efficient ASIC mining equiipment, and decent cooling to ensure uptime and continuous operation.

Ideally this would be in a datacenter environment.  Unless you have budget for both mining equipment and datacenter hosting, probably not worth it for you.

If you're just doing it as a hobby, a USB hub with a few USB miners should be fine for fun and learning about the technology.

Well am a dick. ;)
I do read first wen i want to Know something .
Its so easy to find that unless u have a lot off money ,only then,u can ,mebe" make a roi.

A usb miner to start that is also not a good advise .
He is from denmark..right? u know what power cost there?

Just buy bitc, it save u a lot of problems.
AS I know am a big miner and its all a pain in the ass.

The people who are selling the stuff are not " Ever, keeping there promise.!!!



H 8)

first of all i am doing this for fun and of course i hope to make a little coin or two
and i have free electricity

i have been looking at (Bitfury Twin Chip USB ASIC bitcoin miner 4~5 GH/s) it cost 45$
and also (49 Port Powered USB 2.0 Hub) 200$
and a Raspberry Pi whit card and cables 70,99$

there is room for 28 usb miner in the usb hub so that is around 140GH/s
is that okay to start whit

and the whole setup will only cost me around 1530$

No not the USB sticks! Buy a bigger machine. Antminer S1's are the best W/GH atm I think. Go for those. They are also cheap.

If you're thinking of throwing away money at USB sticks at 140 GH/s for $1530 I have a better solution for you:

https://bitcointalk.org/index.php?topic=608147.0

Get in on that Group Buy for $1650, and you'll end up with an S2 at 1 TH/s shipped in over a week or 10 times what you almost threw your money at.

Thank me later.

I'd have to say NO.

I've sunk about 10K overall into mining in two months and have made about $1000.00 back at this point. My profits will deteriorate in 2-3 months and then I will be left with maybe half of my investment back--if I am lucky.

It sort of totally sucks.

Although it was sort of neat to play with the devices and whatnot I would rather bought a new car and I feel like a huge fool.

Oh, and I didn't even mention all the time it has taken away from my life trying to get it running perfectly, monitoring, etc.

HUGE EXPENSIVE HEADACHE.

JUST BUY BTC.

I would have 20+ BTC right now if I had just bought instead of 2, 2 #$&@ing BTC.

or he could just buy 6 S1 for less than 3 BTC :D

https://bitcointalk.org/index.php?topic=417159.0;topicseen (https://bitcointalk.org/index.php?topic=417159.0;topicseen)

I would've suggested the S-1's too just to get the extra hash, but with Bitmain's reveal that you'll be able to overclock to 1.8-2 TH/s with the S2 soon, I think the S2's the better way to go.

Please don't buy any USB, they are worthless..

one day they might worth something tho, for collections ;D.

What gear you bought ? You went for those shiny ASICs that almost never ROI?

Yes, sadly, I did. Selling them at a huge loss though if you're interested.

Which miners do you have if you don't mind me asking?

Threw about 5k into a group buy of antminers and jupiters and gridseeds.

And then another 7k into personal gridseeds and dualminer usbs.

Not worth at all, BTC and Litecoin mining is all dead. The only one left is mining x11 with GPU but the profit is really low (depends on your electricity). The best bet right now is to buy BTC straight from exchange..

Supply curve will adjust to make mining more profitable.

Otherwise, all miners will turn off the machine and no one to verify the transaction.

You're purchasing SHA ASIC, they work for Bitcoin mining only, not Litecoin mining.
So 0.0004144 USD/day is the correct figure, considering the current difficulty.

I wouldn't advice purchasing a shitload of USB miners even if you're doing this for fun.

Instead consider purchasing ONE Gridseed ASIC miner which works with Litecoin. You'll have fun and a considerable return on your investment too, at least for a few months.
http://zoomhash.com/collections/asics/products/same-day-shipping-gridseed-320-420-kh-s-asic-scrypt-sha-miner-ships-from-los-angeles

Scrypt Asic still have ROI.

Says the poster with the name scryptasicminer, lol.

I was just going to post a similar topic - does anyone know if there are any cloud mining services that are actually profitable? Other than trading shares on CEX?

Thanks!

cloud mining services arent supposed to be profitable besides for those running em.

Zeusminers seems just fine as an investment right now. But the fact that hey;ve never delivered before looks uber scary to me.

Too many new asic manufacturer these days. Just too dangerous to buy any of them..

Stay away from any new asic manufacturers, period.  Wait until they've confirmed shipping immediately or one of the senior members here has reviewed it already.

Ha....Really?


All I personally bought were scrypt asics--you'd be lucky to get half your ROI before Titans drop, even if you got them before everyone else did somehow.

Only buy when the roi is expected to be 2 months or less. Longer than that mean the Asic manufacture can keep selling them at discount until the market can no longer support the cost.

I feel for you man. I'm in a similar situation, although the total cost number is a bit higher. I have a bunch of GPUs for sale right now on ebay, very few takers even at 1/3 the cost I paid for them. The whole argument of reselling GPUs since they can be used for more than just mining doesn't really help when thousands of other miners are also trying to sell.

Then wait for GAW's prime, I was assured it will make mining less risky, as you'll just buy as much hashes as you like, direct it wherever you like and, if you don't need it anymore, simply resell it.

OP was last active on 14th May and does not seem to be interested in mining anymore, so let this thread rest in peace :(