jacktheking (OP)
Legendary
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Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
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April 25, 2015, 10:29:21 AM |
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So I came across some USB miner on Amazon.com. I wonder how do USB mining work and is it profitable. And also.. do this really have 330 MH/s? I don't think so.. 330 MH/s is too high. http://www.amazon.com/gp/aw/d/B00CUJT7TO/ref=mp_s_a_1_6?qid=1429957392 |
So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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madmartyk
Legendary
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Activity: 2688
Merit: 1030
Yes I am a pirate, 300 years too late!
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April 25, 2015, 11:09:00 AM |
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330 KH/s
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NorwegianNoob
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April 25, 2015, 11:32:42 AM |
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Let me save you some money  Don`t buy them. |
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Snail2
Legendary
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Activity: 1512
Merit: 1000
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April 25, 2015, 01:05:33 PM |
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Yes that's an "ancient" 330 MH/s asic miner. Please note that this is not a scrypt miner but an SHA bitcoin miner. Most likely you are not going to break even with that 0.33 GH, so it's only good for learning how to setup a rig but not for making any money. |
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Don007
Legendary
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Activity: 1050
Merit: 1007
Live like there is no tomorrow!
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April 25, 2015, 01:08:54 PM |
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Yes that's an "ancient" 330 MH/s asic miner. Please note that this is not a scrypt miner but an SHA bitcoin miner. Most likely you are not going to break even with that 0.33 GH, so it's only good for learning how to setup a rig but not for making any money. I agree with you. Besides that, you can use it as an collectors item ^^. 330 MH/s on SHA256 ain't much. On the Scrypt algoritm it would have been a nice deal, but you are not likely to break even on SHA256 with these devices. |
{Curently quite inactive as I'm really busy in my private life. I will get back soon!} -> Your line here during my inactivity? Feel free to PM <- |
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Hazard
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Activity: 980
Merit: 1000
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April 25, 2015, 04:03:14 PM |
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There was a period of about one week where these things were worth buying.
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koinsuper
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May 02, 2015, 04:53:06 AM |
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There was a period of about one week where these things were worth buying.
why? |
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Don007
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Activity: 1050
Merit: 1007
Live like there is no tomorrow!
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May 02, 2015, 03:26:17 PM |
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There was a period of about one week where these things were worth buying.
why? Probably because the price of these devices was such low in relation to what you could earn with mining. In other words, I think Hazards means that buying these devices almost always have lead to not reaching your ROI. |
{Curently quite inactive as I'm really busy in my private life. I will get back soon!} -> Your line here during my inactivity? Feel free to PM <- |
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jacktheking (OP)
Legendary
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Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
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May 03, 2015, 07:59:44 AM |
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Hmm.. thanks for giving me some tips. The city I live.. electricity cost is very high. I doubt I will be earning a cent from mining Altcoin then..
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So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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Don007
Legendary
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Activity: 1050
Merit: 1007
Live like there is no tomorrow!
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May 03, 2015, 07:44:31 PM |
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Hmm.. thanks for giving me some tips. The city I live.. electricity cost is very high. I doubt I will be earning a cent from mining Altcoin then..
Especially then it is hard (or even impossible) to break even or earn a nice profit indeed. I think you are a bit late for Scrypt mining. In the beginning, it was even possible to make a nice profit with one or more GPU's. Especiaclly if you choose to mine a very new coin (which was easy to mine) and become worth something later on. Unfortunately these times are gone. |
{Curently quite inactive as I'm really busy in my private life. I will get back soon!} -> Your line here during my inactivity? Feel free to PM <- |
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Cinnob0n
Member
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Activity: 116
Merit: 10
-Credits (CRE) Miner/Enthusiast
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May 05, 2015, 07:51:42 AM |
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In the beginning they were very cheap to buy until people realized the profit they could make by selling them. Artificial inflation ended up making it useless to purchase.
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Billy Hlapinnio
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Activity: 42
Merit: 0
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May 05, 2015, 07:53:23 AM |
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Better not buy it. I have no trust for it.  |
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