Newbie startup

[Dorgon]

Dear bitcoin miners,

I started yesterday with some research in bitcoins and if I can make any money out of it.
The future of bitcoin mining doesn't really look bright to me, the difficulty levels are rising so fast, that it won't be profitable from July. (unless the value of bitcoins will go up to 3000 Euro or higher)
But there was one website (blackarrowsoftware) where I can buy 1000Ghash/s for 4 months (starting in march 2014) for 1850 Euro.

Expecting: a difficulty level of 5700 million on 1 march, and then going up with 50% each month, and a bitcoin value of today.
total bitcoins mined: 6.33
value: about 4100 Euro
Total profit: 2250 Euro

It sounds like the perfect deal to me, but I don't have any experience with mining or bitcoins.
I know that I don't own the hardware after the 4 months, but it will be worthless anyway with a difficulty level of 19238 million in July.

This is their website:
http://www.blackarrowsoftware.com/store/rent-some-minions-4-months.html
They are also known for selling bitcoin mining hardware, but I couldn't find any reviews about their cloud mining.

Thanks in advance!

Dorgon.

[dazee.lee]

The only problem is why you can not get it now? I guess they do not have everything ready, they may collect payments and but they may give up later.

[Dorgon]

I could make over 20.000 Euro if it could start today, but this was not possible.

[dazee.lee]

If you could make 20k EUR, they could. So maybe they are making 20k EUR now and sell you the same running device later

[Moneta01]

Hi miners,

I'm searching for good mining hardware, i have found the:

- Neptune Q1
- Sierra (batch 4) ??
- Terraminer IV Apr
- ProsperoX3 Feb

What you thinks abouts these hardware?

The problem is that they deliver in 2014 ..

So its get more difficult to mine and if the difficulty go's up to 30-35% in that time you make loss.

Worse case don't get youre investment back ...

My question is it still interesting to mine bitcoin? and get 1 of these hardware?

--

Moneta01

[Dorgon]

My expectations are that those machines will be worthless when they get delivered.
Especially the ones that will be delivered in Q2 of 2014.

[Moneta01]

Yeah, i thought also. maybe the KNC miner is good if it comes on Q1.

Or what for the next miners come in 2014 ...

So.. i want to mine what is the best solution?

Do you mine also?

--

[mearylll]

KNC can be trusted with their timelines, they proved it by delivering on time already.
With the new manufacturers you can not be sure if they deliver on time, look at BFL example shipping 8 months after promised delivery time

[mak1skav]

If you could make 20k EUR, they could. So maybe they are making 20k EUR now and sell you the same running device later

I am thinking the same.

[afuls2013]

Dear bitcoin miners,

I started yesterday with some research in bitcoins and if I can make any money out of it.
The future of bitcoin mining doesn't really look bright to me, the difficulty levels are rising so fast, that it won't be profitable from July. (unless the value of bitcoins will go up to 3000 Euro or higher)
But there was one website (blackarrowsoftware) where I can buy 1000Ghash/s for 4 months (starting in march 2014) for 1850 Euro.

Expecting: a difficulty level of 5700 million on 1 march, and then going up with 50% each month, and a bitcoin value of today.
total bitcoins mined: 6.33
value: about 4100 Euro
Total profit: 2250 Euro

It sounds like the perfect deal to me, but I don't have any experience with mining or bitcoins.
I know that I don't own the hardware after the 4 months, but it will be worthless anyway with a difficulty level of 19238 million in July.

This is their website:
http://www.blackarrowsoftware.com/store/rent-some-minions-4-months.html
They are also known for selling bitcoin mining hardware, but I couldn't find any reviews about their cloud mining.

Thanks in advance!

Dorgon.

I would start buying dogecoin. much future.

[Moneta01]

Buth is it still interresting to buy de KNC miner?

The difficulty is on 29,01% today in jan/feb it will maybe go to 35%? and i calculate it and the return are losses.

So yeah, i want to mine buth im stress out now .. 

[Open4lies]

Buth is it still interresting to buy de KNC miner?

The difficulty is on 29,01% today in jan/feb it will maybe go to 35%? and i calculate it and the return are losses.

So yeah, i want to mine buth im stress out now .. 

My calculations shows the same, so I dont buy.
But sometimes the difficulty must stop rising so fast, it cant go like this forever, maybe in 2nd half of 2014

[Dorgon]

Well, lets say that on March 1 the difficulty level is 10 billion, and it will grow with 100% a month(worst case I think), and you'll buy a 12000 dollar machine with 3 TH/s. It will produce about 9 bitcoins in the first 6 months, after that period it will only produce 0.02 to 0 bitcoins per month (not profitable).

1. the value of a bitcoin must be over 1333,33 dollars
2. the difficulty level must not be higher then calculated

this is a huge risk if you ask me.

[Moneta01]

Maybe it will stopp in 2nd 2014 its a risk.. i dont now, if the other minig hardware came out in 2014 the difficulty will go up!

Dorgon -

True what you are saying.

So ... better focus on other coins insted of BTC

its a bad investment for now..