ok i noticed that the suggestion is a 1200W power supply which was a pretty sizable chunk of power.
although running the calculators on LTE it still comes back as profitable.  I guess the question is for how long.

Hi Everyone;

i have an opportunity to pick up one of the above miners for $325.00 i'm wondering if this is a worthwhile investment for current srypt mining at this price.  there is no power supply included but that fine enought.


this would be my first piece of dedicated equipment for mining and am a bit nervous as for me that is a fair chunk of cash for starting up.

i would appreciate any feedback on this miner from the community before i purchase it.

thanks

kali

1. ok, sounds good looks like that is sha256 only and i liked the idea of having both scrypt and sha256 unless your telling me that it isn't worth while.
as i did notice that u3 does like 60GH/s which isn't bad.

2. ok that is a fair argument, i guess my newness hasn't afforded me much knowledge outside of SHA256 and Scrypt mining.  I guess that spurs a new question.  are those other mining algorithms worth while? well i'm assuming so.

3. I actually have a PI that i use as media server, thats a good thought i'll look at getting another one. they are pretty inexpensive.

4. ok my thought was originally with this to mine lowered end coins in a speculative fashion, but perhaps that is a silly plan.

Thanks for the feedback and any other feedback would be appreciated.

Oh there is a guy selling those USB i think they are Antminers that do ~335mh/s for like $15.00/each is that a waste of time given the higher difficulty and their slow speeds, or are those handy for lower end coins.

Learning here i think.

Cheers,
Kali

Hi Everyone;

So i'm pretty new to this whole thing, i've done a bit of mining with a pool off and on but nothing really serious.

However I i have an opportunity to pick up some ASIC miners for what i think is a good price and was looking for some feedback.

1. The ASIC Miners I can get are based on the GC3355??!>! if that makes sense and i'm getting them for 25.00/each. (5 in total)
the claim is these are ~330 kh/s for scrypt and ~8GB/s for sha256 and run anywhere from 7watts to 60watts for dual mining.
Are these miners considered decent for starting out? in both SHA and Scrypt mining?

2. Why is anyone considering GPU mining as it seems ASIC's are extremely cost effective these days.

3. if i am ASIC mining, does the specs of the computer matter.
I have an old P4 with a gig of ram running ubuntu 13.10 it has plenty of USB slots to hook these up to.
my thought is that since the ASIC miners are doing all the work, the computer is really just managing it, am i correct in this assumption?

4. will it be possible to configure each of the miners to mine separate coins if possible via different pools, i guess that might mean running 5 separate instances of mining software each with it's own configuration file is this correct or am i stupid for thinking such things.

Hopefully these questions are not wholly stupid.

and i appreciate your help in advance!

Cheers,

Kali