Bitcoin Forum
December 04, 2016, 02:20:06 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 »  All
  Print  
Author Topic: Is it worth it to buy Mining Rigs?  (Read 4452 times)
jaddlol
Newbie
*
Offline Offline

Activity: 8


View Profile
June 02, 2011, 10:08:31 PM
 #1

In the current state of the BTC market? What are your opinions?
1480861206
Hero Member
*
Offline Offline

Posts: 1480861206

View Profile Personal Message (Offline)

Ignore
1480861206
Reply with quote  #2

1480861206
Report to moderator
1480861206
Hero Member
*
Offline Offline

Posts: 1480861206

View Profile Personal Message (Offline)

Ignore
1480861206
Reply with quote  #2

1480861206
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480861206
Hero Member
*
Offline Offline

Posts: 1480861206

View Profile Personal Message (Offline)

Ignore
1480861206
Reply with quote  #2

1480861206
Report to moderator
1480861206
Hero Member
*
Offline Offline

Posts: 1480861206

View Profile Personal Message (Offline)

Ignore
1480861206
Reply with quote  #2

1480861206
Report to moderator
1480861206
Hero Member
*
Offline Offline

Posts: 1480861206

View Profile Personal Message (Offline)

Ignore
1480861206
Reply with quote  #2

1480861206
Report to moderator
MiningBuddy
Moderator
Legendary
*
Offline Offline

Activity: 1058


฿itcoin ฿itcoin ฿itcoin


View Profile
June 02, 2011, 10:19:51 PM
 #2

No

xenon481
Sr. Member
****
Offline Offline

Activity: 406



View Profile
June 02, 2011, 10:22:17 PM
 #3

No.

Tips Appreciated: 171TQ2wJg7bxj2q68VNibU75YZB22b7ZDr
fornit
Hero Member
*****
Offline Offline

Activity: 989


View Profile
June 02, 2011, 10:23:01 PM
 #4

no.

inh
Full Member
***
Offline Offline

Activity: 157


View Profile
June 02, 2011, 10:23:54 PM
 #5

potato
bcpokey
Sr. Member
****
Offline Offline

Activity: 462


View Profile
June 02, 2011, 10:24:10 PM
 #6

lolz @ the above replies. My answer is there's already lots of threads about this.
Litt
Sr. Member
****
Offline Offline

Activity: 350


View Profile
June 02, 2011, 10:30:45 PM
 #7

my answer is..








































no
CubedRoot
Sr. Member
****
Offline Offline

Activity: 295


View Profile
June 02, 2011, 10:39:08 PM
 #8

your probably better off watching the market and buy/sell bitcoins directly.
Freakin
Full Member
***
Offline Offline

Activity: 140


View Profile
June 02, 2011, 10:41:24 PM
 #9

Nilarium
Member
**
Offline Offline

Activity: 61


View Profile
June 02, 2011, 10:43:52 PM
 #10

no ,it's late

[Tycho]
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
June 02, 2011, 10:45:51 PM
 #11

Hmm, may be yes ?

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
Genrobo
Newbie
*
Offline Offline

Activity: 28


View Profile
June 02, 2011, 10:47:06 PM
 #12

Hmm, may be yes ?

Only if when you buy your mining rig you point it at Deepbit of course.
Wink

17YwW6cuSbXLT8cvvdAcfy1iHyPkhVE7CG
Donations welcome, not required.
I'll be honest, any donations aren't used for a good cause, they go directly to booze, food, herbal substances Wink, and computer hardware.
I will squander the money, but hell, at least you know one person is having a good time.
enmaku
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
June 02, 2011, 10:51:31 PM
 #13

How about some useful data in the sea of one-word responses perhaps?

You can build a dual-5830 box from parts for ~$500 from newegg. Each 5830 pushes 206.64 MHash/s according to http://pastebin.com/AvymGnMJ and 413.28 MHash/s at current difficulty gets you about ฿29.06   per month according to http://www.alloscomp.com/bitcoin/calculator.php which at current exchange rate (10.577) is about $307.34.

Difficulty can increase in the future and exchange rates can change but if everything held it'd take a little over a month and a half to pay itself back.

The risks inherent should be obvious, and the decision is up to you. I've presented a "budget box" here and of course there are many many ways to build a rig, this is just a low entry cost example.

JJG
Member
**
Offline Offline

Activity: 70


View Profile
June 02, 2011, 10:56:23 PM
 #14

How about some useful data in the sea of one-word responses perhaps?

You can build a dual-5830 box from parts for ~$500 from newegg. Each 5830 pushes 206.64 MHash/s according to http://pastebin.com/AvymGnMJ and 413.28 MHash/s at current difficulty gets you about ฿29.06   per month according to http://www.alloscomp.com/bitcoin/calculator.php which at current exchange rate (10.577) is about $307.34.

Difficulty can increase in the future and exchange rates can change but if everything held it'd take a little over a month and a half to pay itself back.

The risks inherent should be obvious, and the decision is up to you. I've presented a "budget box" here and of course there are many many ways to build a rig, this is just a low entry cost example.

Any calculator which puts out 'monthly' numbers without taking into account difficulty increases is way too optimistic.

Difficulty absolutely will be increasing in the near future at least.
Coma
Full Member
***
Offline Offline

Activity: 140


View Profile
June 02, 2011, 10:57:08 PM
 #15

How about defining worth first?

I think you probably want to know if it is profitable.

I think despite immediate profit, a mining rig is worth, this project might be revolutionary, and participating on it could be considered priceless.
enmaku
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
June 02, 2011, 10:58:03 PM
 #16

Agreed, which is why I mentioned difficulty increases and potential change in BTC/USD rates. It's all risky business right now. Assuming nothing terrible happens to the market, a rig will EVENTUALLY pay itself off and begin turning a profit, whether you should build one is more dependent on the length of time you're willing to be in the hole, which is dependent on factors not given by the OP.

enmaku
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
June 02, 2011, 11:00:48 PM
 #17

There's also a question of how fast the exchange rate rises relative to the difficulty factor. If it takes twice as long to produce 1 BTC but 1 BTC becomes worth twice as much, the whole thing washes.

CubedRoot
Sr. Member
****
Offline Offline

Activity: 295


View Profile
June 02, 2011, 11:04:34 PM
 #18

How about some useful data in the sea of one-word responses perhaps?

You can build a dual-5830 box from parts for ~$500 from newegg. Each 5830 pushes 206.64 MHash/s according to http://pastebin.com/AvymGnMJ and 413.28 MHash/s at current difficulty gets you about ฿29.06   per month according to http://www.alloscomp.com/bitcoin/calculator.php which at current exchange rate (10.577) is about $307.34.

Difficulty can increase in the future and exchange rates can change but if everything held it'd take a little over a month and a half to pay itself back.

The risks inherent should be obvious, and the decision is up to you. I've presented a "budget box" here and of course there are many many ways to build a rig, this is just a low entry cost example.

You may want to look at those figures again, and also adjust for the next difficulty level which is coming in the next few days (more than likely).

I have adjusted it, and its only showing about $257 USD per month return at 413.28 MHash/sec

I have attached a snippit for proof:

njloof
Member
**
Offline Offline

Activity: 75


View Profile
June 02, 2011, 11:07:44 PM
 #19

Historically, difficulty and price correlate; I think it's reasonable to ignore fluctuations in both for long term planning.
Coma
Full Member
***
Offline Offline

Activity: 140


View Profile
June 02, 2011, 11:10:42 PM
 #20

Historically, difficulty and price correlate; I think it's reasonable to ignore fluctuations in both for long term planning.


Will that happen forever?
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!