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1  Bitcoin / Mining speculation / Re: Are my calculations accurate? on: February 04, 2015, 07:22:23 AM
With a name like "Uranus", it has to be a joke. But seriously, never preorder from an unknown/untrusted source.
Yeah, I'm thinking the same but I read they have delivered machines before. But yes, if I buy, it will be a miner that is confirmed beeing delivered.

don't think you will make any profit from mining anymore
Yes, that seems to be it right now.

Unfortunately that page is very out of date, and yes, you are looking at a scam piece of hardware.  They don't even list the Ant S5 yet, and they're still listing BFL hardware which I won't even bother to get into here.

With your power at $.12-.13 it will be very difficult to turn a decent profit, although technically you could ROI given enough time.  Also in the winter you could use your miner to provide heat in the house which may supplant the cost of your normal method of heating.
Ok, good to know. I'm trying to do as much research I can.

Yeah, I was thinking the same. I have a cold room without any heating, so I have the perfect room for it. Smiley

You calculations are largely correct, even for a fictional miner. While you might get a return that matches the cost of your hardware, it won't be a lot of money. The real miners (e.g. Spondoolies, Bitmain, Aavalon), aren't really in better shape for a return on your money. They do exist though, and you will almost certainly receive something real for your money, and in a timeframe that makes sense (i.e. not months).
Ok, "good" that confirms just about what I thought.

Thanks for all your input!
So basically the only thing you can hope for is that you mine and maybe break even and that in the future prices go up.
You can hope Adam Draper is right: http://insidebitcoins.com/news/2015-bitcoin-forecast-industry-insiders-predict-whats-next-for-the-virtual-currency/28228
"“Bitcoin will hit $1500."  Cheesy
2  Bitcoin / Mining speculation / Are my calculations accurate? on: February 03, 2015, 09:54:56 PM
Hi! First post! Grin

I know I'm late in this bitcoin world.

But I'm just calculating some, if it would be profitable?

I looked for the most energy efficient ASIC here: https://en.bitcoin.it/wiki/Mining_hardware_comparison
and found the: https://www.hashcoins.com/product/hashcoins-uranus/
With 6TH/s and for the cost of $3299.

And if I use: https://alloscomp.com/bitcoin/calculator
It would generate, with current value of BTC, about $400-$450/month. (I'm counting low, taking in account for down-time, maybe not 100% efficiency and such)
Maybe $5000/year?

The Uranus is 1600W making it 1.6kW*24*365=14016kWh/year
and where I live 1kWh is 12-13 cents. Making it roughly $1700/year in electricity.

So if my calculations are correct.
First year:
$5000 - $3299 - $1700 = $1!!

Is this about right? Is this the reality right now with current value of BTC?
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