cdawson2000 (OP)
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January 05, 2014, 04:05:04 PM Last edit: January 06, 2014, 03:23:06 AM by cdawson2000 |
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Currently I have (1) 38Gh/s Asic Miner cube and was thinking of buying 2 more units at 1/3 of the price I originally paid for my cube ($900).
3 cubes would give me 114Gh/s total network hashing for about $1500. Is this wise? With difficulty rising so quickly wouldn't a 38Gh/s unit be rendered powerless in the next 3 months?
I don't want to wait for the next gen asic units because I wouldn't receive it until April/May time frame.
Thx Chris
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cdawson2000 (OP)
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January 05, 2014, 06:00:02 PM |
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Thanks for your feedback. So in the bitcoin pool mining world, is 114Gh/s from (3) 38Gh/s machines about the same as (1) 120Gh/s single machine? As far as the pool server is concerned it sees both setup equally? Am I making in sense? Thx Chris
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black_swan
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January 05, 2014, 06:02:29 PM |
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Yes it's the same, it's the number of hashes you can produce, it doesn't matter if you use 1 or 100 chips Now sure how long it takes to mine 1 BTC at current diff but if you can do it in 1-2 weeks than buy it. Price will soon shoot up
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torusJKL
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January 05, 2014, 08:34:56 PM |
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Don't mine because you think Bitcoin will be worth much more in x time. In this case just buy them. To get a real ROI you need to mine more bitcoins with your miner then what you would be able to buy today.
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bismuth
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January 05, 2014, 09:42:05 PM |
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If I got you correctly, that's $300 per unit? After looking at a lot of new lowish-end units & combined lower-end unit prices, I figured the price is set around $300-$400 for 10Gh's, so that would be a good deal I think
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cdawson2000 (OP)
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January 06, 2014, 03:02:57 AM |
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If I got you correctly, that's $300 per unit? After looking at a lot of new lowish-end units & combined lower-end unit prices, I figured the price is set around $300-$400 for 10Gh's, so that would be a good deal I think
I've noticed a rash of price cuts for older ASIC mining machines. I think it's because of increased difficulty and anticipation of next gen rigs. Most of the next gen rigs are not in heavy volume delivery so there is small window (2-3 months) to mine with current gen machines.
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lemon187
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January 06, 2014, 03:11:39 AM |
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Would it be worth it to use a single usb 1.6gh/s antminer? I'm not trying to quit my day job, just have fun with bitcoin.
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torusJKL
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January 06, 2014, 05:44:50 AM |
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Would it be worth it to use a single usb 1.6gh/s antminer? I'm not trying to quit my day job, just have fun with bitcoin.
If it's only for fun and you are ready to make a loss then yes. If you want to make a profit then you would need to get it for a low price. Say around USD 10 per U1. But don't expect to see much from this investment. Here is a calculation: http://mining.thegenesisblock.com/a/8ab1fe366c
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samjtemp
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January 06, 2014, 07:54:12 AM |
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Much easier to make ROI mining litecoin and the newer Scrypt coins. There will be no more SHA-512 so those miners are doomed to become obsolete where litecoin on the other hand even when ASIC's do get released 6 months from now they will not nearly have the power advantage of GPU's.
GDDR6 GPU's are going to be released here in a few months. The only advantage those ASIC's will have is a 50% reduction in power costs but the GDDR6's will have nearly a 4-5 month head start and can be resold as gaming hardware.
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DeboraMeeks
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January 06, 2014, 10:18:37 AM |
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You better make you calculations first (electricity,price,amount,difficulty now and coming difficulties),the price of BTC's is currently high but you can't be sure and there might be a fall in price so you better have some space for price movement.
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Cryptobolics
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January 06, 2014, 12:40:39 PM |
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Currently I have (1) 38Gh/s Asic Miner cube and was thinking of buying 2 more units at 1/3 of the price I originally paid for my cube ($900).
3 cubes would give me 114Gh/s total network hashing for about $1500. Is this wise? With difficulty rising so quickly wouldn't a 38Gh/s unit be rendered powerless in the next 3 months?
I don't want to wait for the next gen asic units because I wouldn't receive it until April/May time frame.
Thx Chris
Where did you buy your miners?
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R0yalAir
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January 06, 2014, 08:20:40 PM |
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I don't want to wait for the next gen asic units because I wouldn't receive it until April/May time frame.
An ASIC-mining economy, where the capital to buy ASICs is much larger than the money to keep them running.
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thm001
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January 06, 2014, 08:31:16 PM |
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If I got you correctly, that's $300 per unit? After looking at a lot of new lowish-end units & combined lower-end unit prices, I figured the price is set around $300-$400 for 10Gh's, so that would be a good deal I think
If bismuth is correct - "300-400 USD" is a great price for a cube -- they are tracking 600-700 on ebay now and I can only find .69-.89 in BTC price though the forum and WTCR. Feel free to clue me on this price - i might pick up a few to flip on ebay
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bismuth
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January 07, 2014, 05:34:27 AM |
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Would it be worth it to use a single usb 1.6gh/s antminer? I'm not trying to quit my day job, just have fun with bitcoin.
I'm running an overclocked antminer U1. I ordered 1 more... good price for low watt laptop mining, but carefully considering "going pro" with a larger unit(s).
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