http://thegenesisblock.com/mining/ to help figure out costs and return... my question is are the statistics on that site calculated based entirely on the assumption of solo mining?
It does not matter for cumulative return, but in practice - forget about solo mining. No one should mine solo unless you are in control of at least 1% world's hash power. Otherwise it is quite possible you mine your first solo block when block reward will be 12.5 BTC or even 6.25 BTC, or simply put - never
yeah I'd never mine solo, I just had no idea if the numbers quoted on
http://thegenesisblock.com/mining were based on solo mining or not(and whether or not it even matters).
basically, all I can seem to buy right now that will deliver in feb is maybe 100-200gh/s miners.... and the thing is, from what I have read, If I pre-order some 2th/s device from cointerra or where ever, I will pretty much have to wait till MAY or later, and everybody says by then the difficulty will be so high that 2th/s will be the equivalent of 200gh/s today.... is that correct?
example product:
http://cointerra.com/product/terraminer-iv-2ths-networked-asic-miner-may-batch/ <-- by may that thing will be crap and will never recover the cost is what I've read in other forum posts... people were saying if you want to get into bitcoin mining that you should just buy off the shelf stuff from ebay or whatever reseller has on hand and just giv'er shit with it.
I'm starting to think the only way I can break into this mining business is if I buy a slow 100-200gh/s miner now and at the exact same time pre-order a 2th/s miner from cointerra for 6000... does anybody have a better suggestion, or know of where a person can even get a reasonably priced beginner miner for somebody not really wanting to drop more than $5000
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