Are any ASIC miners making ROI anymore?

[cooldgamer]

If you're mining until the miners don't pay for themselves in power then you're never going to see anything close to ROI unless you have free or really cheap power.  However, if you time it right it's really easy to sell it way overvalued and make your money back.  You also are going to need to buy in bulk to get a decent price on it, so small miners are really out of the game at this point.  Unless you're putting down 10-20k on hardware you'll be spending way too much.

tl;dr not unless you have a lot of money and cheap power, then maybe

[Bitsaurus]

if you believe in the future of bitcoin and that it will hit 10K or more, then technically everyone here will make ROI assuming they hold their coin. The question is whether or not you would have made more bitcoin just from outright buying coins as opposed to mining.  Making lots of $$$ off mining in the short term is a very difficult if not impossible thing to do now.

Chopstick, you have a different notion of ROI than what most miners envision.

Buying a miner for 10 BTC of fiat funds and mining 8BTC on it is a net loss - even if the coin goes to $1,000,000 per coin.

If you buy the miner for 10BTC and you mine 12BTC that is a +ROI, but very few miners did/do that.

[ranochigo]

If your power is free you have a better chance of getting +ROI but some miners like the SP30 will be negative even with free power - their pricing is just too high to begin with.

I believe antminer s3 is the closest to ROI if the difficulty did not increase much like the last one.

The difficulty will increase since the ASICs were sold pretty fast. When more miners are in, the higher the difficulty rise. If everyone got their ASICs, it is possible that the total hashrate will increase and difficulty will also rise.

[cech4204a]

It all depends on the price of hardware. Maybe you will be able to get some cheap antminers, i have seen some guy selling them in bulks of 20 pieces for 230$ per piece, which could be ok, but still not good enough. If you find a good deal your ROI might be positive. Remember that guys selling hardware rather mine themselves than sell for cheaper than ROI.

[cech4204a]

if you believe in the future of bitcoin and that it will hit 10K or more, then technically everyone here will make ROI assuming they hold their coin. The question is whether or not you would have made more bitcoin just from outright buying coins as opposed to mining.  Making lots of $$$ off mining in the short term is a very difficult if not impossible thing to do now.

Chopstick, you have a different notion of ROI than what most miners envision.

Buying a miner for 10 BTC of fiat funds and mining 8BTC on it is a net loss - even if the coin goes to $1,000,000 per coin.

If you buy the miner for 10BTC and you mine 12BTC that is a +ROI, but very few miners did/do that.

That's exactly the same post as you wrote to me, do you just wait till thet question comes so you can paste your text?

Here: https://bitcointalk.org/index.php?topic=694689.msg7850340#msg7850340

[SgtSpike]

450 BTC?  Over $450,000 at peak price.  $280,350 at todays prices.  Damn, they gave it to you hard!  Hope they used Vaseline!  Look at those two boxes and think "$280,000 dollars, $280,000 dollars, $280,000 dollars........

Bad thinking: They weren't worth anything back then. It's the 10,000 bitcoin for a pizza argument, that's what they were worth then, this is what they are worth now.

Exactly.  I can't help but think of the opportunity cost though, that I would have a lot more BTC if I had saved them instead of spent them on miners.

I invested in mining equipment on three separate occasions since April 2011.  GPU's, FPGA's, and ASIC's.  Looking back, in every instance, I would have been better off just buying BTC instead of mining equipment.

That said, I still have some BTC, and I still expect it to continue rallying long term, so I am excited for the future!  I can't "if only" my life away. 

[timk225]

IF ONLY I had known in December 2008 what I know now about Bitcoin, and how to mine it, buy it, and buy/sell on the major price pops and dips, I would have hundreds of millions of dollars at the very least, I could possibly even be a billionaire from nothing but Bitcoin.

It drives me crazy to think about it and "WHY didn't I know about it THEN?!?!?!?!?!"   

[lightfoot]

If you had, things would have been different.

That's what bugs me about statements like this. It's not "If I got my miner 3 months earlier", it's "If I had gotten my miner and NO ONE ELSE HAD GOTTEN THEIRS 3 months earlier".... That doesn't make sense.

The pizza thing is the same. Yes it was a 10,000 bitcoin pizza, but if it had never been bought then Bitcoin would not have made CNN that first time and it would have gone the way of flooze or whatnot. It's because the person bought the stupid pizza that we are where we are.

Seriously, you can't change the past without affecting the present so don't bother.

C

[slashka]

So, the point of the last sentences in this thread are that, as I said earlier, you should invest in 20-50 last-hash miners to ROI. Or in the best ways you can get 50% ROI instead. No matter what cost of power you have, stupid TH that will drive you as a Russian tank to your ROI.

But we all know that a medal has two sides. On the other side you could get only 50% ROI in a very very very good case. Even if you are going to sell them on ebay.

Mining is a such complecated game like chess, where on one hand are the ASIC (now ASIC yes, not GPU) manufacters (who are mining for the full mf power in their plants) and on the other are your strategy how to buy cheap (BTC or ASIC, no matter) and sell with some expensive interest.

Btw, I'm watching for the interesting cheap proposals miners in ebay and ali almost every day. Yeah, I'm a quite low now in a budget, but I can afford to buy some "hexes" 30Gh+ for 50-60$ + 15-20 delivery costs. Why??? I'm never ROI with them, because the delivery is so long to Russia from US, but I'm funky loving that small machines. May be I can buy a full computer instead to mine X11, X13 or even Scryot-N?.. Why not? Credit organisations will make their ROI faster ha-ha I'd love too, but I have a free power cord in my room, I'm not interested in computer! I like these machines which are blinking with ssh access leds power-cord-webs.

So, everyone chooses what his heart whants this time. But brain understands that this is wrong. That's like smoking may be...

So, let there be punk-rock and BTC! Oi!

[jjc326]

if you believe in the future of bitcoin and that it will hit 10K or more, then technically everyone here will make ROI assuming they hold their coin. The question is whether or not you would have made more bitcoin just from outright buying coins as opposed to mining.  Making lots of $$$ off mining in the short term is a very difficult if not impossible thing to do now.

Chopstick, you have a different notion of ROI than what most miners envision.

Buying a miner for 10 BTC of fiat funds and mining 8BTC on it is a net loss - even if the coin goes to $1,000,000 per coin.

If you buy the miner for 10BTC and you mine 12BTC that is a +ROI, but very few miners did/do that.

Right.  It's like miners buy the gear just so they can do something "cool."  However, they'd make more buying BTC with fiat straight up and then just hodling.

[ThomasCrowne]

Ordered 4 Jally's in June 2013 totalling 1096 USD. Could 've bought 8 BTC for that, which would now be worth over 5000 USD.

Think the little shits have mined maybe 0.5 BTC (bad power supplies, cubes going 'dead' or 'sick' all the time)...not sure exactly, as some of it was other SHA coins. So unless BTC suddenly becomes 15x more valuable, no. I will not buy ASICs again and wish I never had.

Similar story here.  Purchased 3x upgraded 7GH jally's and 2x 30GH little single's.  Haven't even re-couped half of my initial investment on them and literally can't even sell them for 1/8th what I originally payed for them.  I suspect these kind of stories will get less common as asic technology reaches some of it's physical limitations but who really knows.  It appears as though quite a few people are addicted to this mining crap at this point and a great number of these people could really give two shits about ROI (being in a position where they don't really have to worry about it, i.e. have been mining since the good ole CPU days)

[Bitsaurus]

Ordered 4 Jally's in June 2013 totalling 1096 USD. Could 've bought 8 BTC for that, which would now be worth over 5000 USD.

Think the little shits have mined maybe 0.5 BTC (bad power supplies, cubes going 'dead' or 'sick' all the time)...not sure exactly, as some of it was other SHA coins. So unless BTC suddenly becomes 15x more valuable, no. I will not buy ASICs again and wish I never had.

Similar story here.  Purchased 3x upgraded 7GH jally's and 2x 30GH little single's.  Haven't even re-couped half of my initial investment on them and literally can't even sell them for 1/8th what I originally payed for them.  I suspect these kind of stories will get less common as asic technology reaches some of it's physical limitations but who really knows.  It appears as though quite a few people are addicted to this mining crap at this point and a great number of these people could really give two shits about ROI (being in a position where they don't really have to worry about it, i.e. have been mining since the good ole CPU days)

Well BFL has made a nice little profit off you (and me) and with those funds they can easily purchase some competent mining gear for their own hidden farm.