Bitcoin Forum
October 19, 2017, 09:39:05 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: What should I do?  (Read 1312 times)
RyanRed
Full Member
***
Offline Offline

Activity: 126



View Profile
October 24, 2012, 03:24:27 PM
 #21

Just be real aware there is also risk involved with mining. Ordering an ASIC today will put you at the back of the line in the long list of pre-orders. BFL has sold 1000's. bASIC has just cut off pre-orders for their first batch, but you can order for the second batch said to be shipping sometime in January. If I were to make an educated guess, you most likely wont see your ASIC miner (ordered TODAY) until late January no matter where you ordered it from. Don't let this deter you from ordering because bitcoin is a great thing! But you need to know there is going to be a wait. By the time you actually get your ASIC, the mining difficulty should have increased 10x+ minimum (likely WAY more). If I had to make an educated guess it most likely will be around 30x+. But no one can really say for sure. Whats that mean? A Jalapeno will yield .07 bitcoin per 24 hours with a 10x increase from today's difficulty. That number also took into consideration the block halving too. Converted into USD that's somewhere around $.80 a day on today's market value. Of course Bitcoin may rise (I think it will if it follows suit with pasted difficulty increases), so .07 bitcoin may be worth more than what it is currently today. But then again, once ASIC miners are in full effect we may see a lot of people selling off their coins rapidly to try and get their investment back. This could in turn substantially decrease the value of bitcoin for awhile too. No one really knows, and currently its just all speculation.

In my opinion, in order to really dive head first into this, you will need a 30+ g/hash device. A Jalapeno is a great device for someone who wants to test the waters. It will allow you to make some coin (not much), but allow you to play with the market with your own generated coins. Theres still a lot of unknown factors. Ship times, power consumption, difficulty increase, bitcoin value, and other things that will determine the long term numbers/profit.

Again, I am not trying to scare you off, but its something you should be aware of before investing. You need to know what your getting yourself into Smiley

-Ryan
1508405945
Hero Member
*
Offline Offline

Posts: 1508405945

View Profile Personal Message (Offline)

Ignore
1508405945
Reply with quote  #2

1508405945
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508405945
Hero Member
*
Offline Offline

Posts: 1508405945

View Profile Personal Message (Offline)

Ignore
1508405945
Reply with quote  #2

1508405945
Report to moderator
1508405945
Hero Member
*
Offline Offline

Posts: 1508405945

View Profile Personal Message (Offline)

Ignore
1508405945
Reply with quote  #2

1508405945
Report to moderator
banzsolt
Newbie
*
Offline Offline

Activity: 23


View Profile
October 24, 2012, 04:09:51 PM
 #22

Oh so dificulty depends on the total of miners Mhas/s, and not on how many hashes done.

60 GH/s BFL Single SC - Pre-Order Yours Today!
`````` Only $1299.99 - butterflylabs.com (http://butterflylabs.com) ``````
Gabi
Legendary
*
Offline Offline

Activity: 1050


View Profile
October 24, 2012, 04:13:09 PM
 #23

Oh so dificulty depends on the total of miners Mhas/s, and not on how many hashes done.
Are you joking or what? It's exactly the same thing
banzsolt
Newbie
*
Offline Offline

Activity: 23


View Profile
October 24, 2012, 06:21:44 PM
 #24

In my opinion, in order to really dive head first into this, you will need a 30+ g/hash device. A Jalapeno is a great device for someone who wants to test the waters. It will allow you to make some coin (not much), but allow you to play with the market with your own generated coins. Theres still a lot of unknown factors. Ship times, power consumption, difficulty increase, bitcoin value, and other things that will determine the long term numbers/profit.

Again, I am not trying to scare you off, but its something you should be aware of before investing. You need to know what your getting yourself into Smiley

-Ryan

I think I'm in that group that want's to test it because like I said earlyer I can't mine with my Comp, and I never saw a miner GPu or anything in real.
You didn't scared me at all, but gona recalculate something Smiley

@Gabi : under total miners Mhash/s I mean the all miners Mhash/s summed why whould that be that the saem with what I wrote? ( Also I'm not joking just trying to clearify everything for myself, so I can take everything in consideration)

60 GH/s BFL Single SC - Pre-Order Yours Today!
`````` Only $1299.99 - butterflylabs.com (http://butterflylabs.com) ``````
Pages: « 1 [2]  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!