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1  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: December 31, 2013, 04:05:57 AM
The Neptunes won't even break ROI even if you have it up and running on the first day of april.

http://mining.thegenesisblock.com/a/5789931a97

Yes, so don't buy one  Wink

I've decided not to due to the estimate difficulty of when the Neptunes will finally arrive to the public, it would not be worth it for me to mine BTC with them. If it won't break ROI or barely go above ROI then it is not worth to buy 3 of them since I would just be increasing my loss.

Exactly. 845 billion difficulty in March 2015 is going to be a bitch Wink
That's 1.2 million 5TH/s miners. Amazing times ahead of us.

Thought it would be around 42 trillion difficulty by march 2015 with 30% monthly increase... how are the home hobbyist and tinkerers even going to make a dent with difficulty skyrocketing. I miss the days of Gpu mining...
2  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: December 31, 2013, 03:44:34 AM
The Neptunes won't even break ROI even if you have it up and running on the first day of april.

http://mining.thegenesisblock.com/a/5789931a97

Yes, so don't buy one  Wink

I've decided not to due to the estimate difficulty of when the Neptunes will finally arrive to the public, it would not be worth it for me to mine BTC with them. If it won't break ROI or barely go above ROI then it is not worth to buy 3 of them since I would just be increasing my loss.
3  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: December 30, 2013, 11:04:14 PM
The Neptunes won't even break ROI even if you have it up and running on the first day of april.

http://mining.thegenesisblock.com/a/5789931a97
4  Other / Beginners & Help / Re: I wanted to buy one of the new ASIC miners on: December 30, 2013, 01:59:20 AM
This seems to be the norm regarding ASICs. The increase in difficulty by the time of delivery seems to make ROI pretty hard, not to mention that by the time V1 is shipped, V2 has been designed and rendered V1 yesterdays news. Not sure what the solution is apart from creating a core that fights ASICs, like Scrypt was supposed to be. But with 2 or 3 projects on the horizon even that looks like becoming more centralized. I'm all for home machines that we've built ourselves than these specialist machines with high prices and no resale value.

To reserve an ASIC today you have to be a true believer in bitcoin continuous price rise and pay in FIAT (or at least buy BTC with FIAT and pay the ASIC)
I think it's better to buy coins today and speculate on the price rise.

I don't think hobbyist miners with CPUs/GPUs is the perfect solution to sustain bitcoin tho

If BTC rises to $1500 and stabilizes at that price as a minimum, then it would be worthwhile investment kind of. With the electrical cost, hardware cost, it would make $6100 for me (With BTC being at $1500 minimum, higher then there would be more profit in the conversion from digital currency to fiat dollar money). If major places accepted BTC as payment, then I would be all in and drop the $.
5  Other / Beginners & Help / Re: I wanted to buy one of the new ASIC miners on: December 30, 2013, 01:47:37 AM
Im also interessted in either 1 of these, probably the cointerra more so. I understand your assumption of profitability by march. How does one figure/guestimate expected difficulty at that point in time?

Thanks,

From what I've noticed, Difficulty has jumped up more then 41% in December alone. which is astonishing compared to how the difficulty used to rise early this year. The rise of ASIC in the market is pushing out the home made, gpu rigs that we have. We can of course mine other crypto currencies with those setups.

This seems to be the norm regarding ASICs. The increase in difficulty by the time of delivery seems to make ROI pretty hard, not to mention that by the time V1 is shipped, V2 has been designed and rendered V1 yesterdays news. Not sure what the solution is apart from creating a core that fights ASICs, like Scrypt was supposed to be. But with 2 or 3 projects on the horizon even that looks like becoming more centralized. I'm all for home machines that we've built ourselves than these specialist machines with high prices and no resale value.

I'm all for our home made rigs, and thought maybe an investment into the ASIC rigs would hit ROI and make some money since it seems that is the next wave of mining to be done. But by the time we can actually get them, they will never hit ROI and cost us money.

6  Other / Beginners & Help / Re: What is your average kH/s? on: December 30, 2013, 01:33:07 AM
evga 770gtx at 247 khash/s mining scrypt, bitcoin mining I get around 280 mhash/s
7  Other / Beginners & Help / I wanted to buy one of the new ASIC miners on: December 30, 2013, 01:19:25 AM
But looking at http://mining.thegenesisblock.com/a/fb4d2a2d82 for both the KNCMiner Neptune and Cointerra IV, they would not be profitable mining bitcoins by the time I would be able to get one, which both seems to be around april. If I had one this month of December, it would be very profitable to have.


what are your opinions on this matter. What would you guys do? I cannot post in the custom hardware section so I must ask this here.
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