Late to the game Is it still worthwhile?

[snoturtle]

Hi all

I just recently started mining with a USB Eruptor to see what the process was like before I invested anything and am now thinking of throwing some money at it and getting one of the 100 gh/s units that are coming out in the spring.

I'm not looking to make a ton at this but if is profitable even after those ones flood the market I may still buy 1 or 2 of them.

Am I just throwing money away or will I be able to turn a profit?

Thanks for any insight

[MineNerd]

Use the calculator here:

http://mining.thegenesisblock.com/

It will take into account the difficulty increases. To be honest, I'd probably just buy bitcoins and hold them, as opposed to buying hardware.

[Gator-hex]

When you pre-order it's anyones guess...

- they might run off with your money (happens a lot)

- they might take over a year to deliver the goods (happens a lot)

...it's a funny old game.

Being able to buy anything off the shelf is quite unusual for a Bitcoin mining experience unless it's past it's prime.  

[Birdy]

To be honest, I'd probably just buy bitcoins and hold them, as opposed to buying hardware.

Me too. Buying mining equipment isn't profitable anymore.

[snoturtle]

If buying them with money isn't the greatest what about the group buys that I see listed here?

Seems like that might be a better investment

[Bobbyd]

the figures for the 2 TH/s look profitable still, although they won't be out until March time and are around $5k, still looking a good return though...guess it just depends on how quickly the difficulty rises.