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1  Bitcoin / Mining speculation / Re: Mining question???? Neptune release. on: January 09, 2014, 03:34:54 AM
wow bitcoin miners are way more friendly than the other boards i am on (duck hunting forums!).....Those guys blast newbies for every question they post lol.  After listening to you guys, I feel like its a fairly safe investment that I will get my money back but I might not make 300 grand like everyone would hope.  In this business it seems that if you are stagnant then you lose money do you have to be progressive and willing to put down in order to even break even.  Im leaning towards the preorder right now, even if it is 2nd batch......now to figure out how to get power to this thing without burning my house down!

2  Bitcoin / Mining speculation / Re: Mining question???? Neptune release. on: January 08, 2014, 10:36:50 PM
Thank you for the input!

So the difficulty is what will determine the true profitability of the machine.  In that mindset though I have to think....If the monster machines coming out are going to jack the difficulty sky high, then my little red fury's are going to be good for nothing more than a nightlight =/



3  Bitcoin / Mining speculation / Mining question???? Neptune release. on: January 08, 2014, 09:33:25 PM
I am fairly new to mining and have never posted on this board so I hope I dont get blasted but here goes......There is a lot of chatter about how mining will never return ROI so you should not do it so is my math off?  I honestly dont believe that a $10,000 investment could gross ~350,000 dollars in a year but even looking at it conservatively you are looking at 5-10 times your money.

I have 7 red fury miners hashing away at a steady 15.5 ghash.
I am currently mining, on average, about ~.005 btc/day.
Divide that by the 15.5 ghash = .0003225 btc per day per ghash.
I am about to pull the trigger and preorder a Neptune for delivery 2nd qtr.
Assuming that the difficulty does not change (which it will and I will address that later)....
If my Neptune mined at the same btc/ghash rate, you would take .0003225 x 3000
That would mine .9675 btc/day
.9675 btc at the current exchange rate would gross you about $900 per day thereby returning investment in about 12 days (not including power bill)

Pretend that the difficulty doubles by the time I get my miner and my efficiency is cut in half, I am still making ~.5 btc per day and will have ROI in no time.

As I said, I am a new miner so everyones (especially the veterans) thoughts and opinions on my calculations are encouraged.....lay it on me and blast away. 

Till then Thank you everyone for the knowledge in the forum and happy mining Smiley
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