In this case I think it is better to pay $100 for a mining contract than to buy S1...
S1 is old ... and to earn 0.1BTC it will take forever ...
I would invest those $$$ into a contract or raise founds and buy S3 :]
I see we are letting children make financial decisions now... instant gratification types. So you would rather put money into a mining contract where the company could run away next month with your up-front fee rather than buy hardware and have it in hand?
Who do you call a child ?
and who make any financial decision
You act like a kid because we are just talking about something and we all have a right to say what we think. Nobody is forcing anyone to buy anything. Haven't you saw that?
Think reasonably. There are many good contracts and some of the companies are very reliable.
In some cases ROI from a contract is much much better than from S1 .... which you will need to configure, clean, connect, take care of etc. and as the result you will gain few $ after a year if your hardware will not fail =] ... GREAT deal - you are right - please make sure that you will never give me any advices
If you want to mine for FUN / SUPPORT / etc. not for a profit then S1 in a price of $130 will be just great!
Kind regards.
Well we are all allowed our opinions, I just think that yours was way off point. The OP is a miner who is very familiar with GPU mining and moving into the ASIC realm. Why would he have a need for mining contracts and cloud hashing (which happens to be in your sig - your bias is showing) which quite often pray on the uninformed or people who are technically challenged. If you can run GPUs to mine ASICs are a joke for the most part. He is very well capable of figuring out profitability.
I referred to you as a child because you said it would take "forever" to earn 0.1
BTC. Who is that impatient to make a doubling on their income other than teenagers? Hell if I could double my money every year since I was 18 I could buy out every crypto there was.
You are the one not thinking reasonably. Mining contracts as you refer to them aka cloud hashing has not proven itself as reliable. Show me one company that has been around for 1 year. Show me one company that has positive ROI. Bitmain S1s have been proven to work reliably even in adverse condition.
Then you bring about this complaint about having to "configure, clean, connect, take care of etc" the miners - again read the OP - he ran 17 GPUs - this isn't his first rodeo. If he said he was tired of the heat and the noise then promoting cloud mining might make sense.
Since you're so sure of cloud mining would you care to take a 10
BTC bet with escrow that whatever company you choose will not fail, die, run away and will have + ROI during the contact period?
Well... I understand your point of view.
I still think that buying S1 miners in a price of $130 when you need also to pay for electricity is not reasonable and it is far from being profitable.
I told before that to gain 0.1
BTC profit while mining with $130 S1 will take forever because well... you can calculate it on your own
If you want to know which company in my opinion is very reliable and are selling good contracts ---
my example will be "bitmarket.pl" - well .. they are offering LTC contracts but you can always exchange your LTC into BTC after all.
Bitmarket.pl is a branch of "AfterMarket.pl" -- est. 2006.
And there are few companies that I would also give a trust but I don't want to advertise as I cannot be 100% about others - as about bitmarket.pl I am 10000% sure.
Anyway. I won't change my mind that mining with S1 even 6x S1 is mining for support/fun/learn/etc.
Regards.
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