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Poll
Question: What would be your minimum yearly return on mining investments?  (Voting closed: December 02, 2012, 12:29:02 AM)
Less than -5%, I heat my home and or willing to take short term loss hoping btc increases overtime. - 6 (12.5%)
-5% to 0% hoping for some luck/it's a hobby/Subsidizes my... - 1 (2.1%)
+0->+5% slim margin/ better than my bank - 8 (16.7%)
+5->10% Making money yeah. - 6 (12.5%)
+10->+20% I took out a loan for this stuff... - 6 (12.5%)
+20% I have the means to make this work. I don't screw around for nothing. - 15 (31.3%)
Mining is for suckers invest directly! - 6 (12.5%)
Total Voters: 48

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bitboyben (OP)
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November 02, 2012, 12:29:02 AM
 #1
At what ROI would you stop investing in hardware?
Disregard the silly comments, feel free to add your own.
Why did I sell at $5! Come back to me my old bitcoin! 1GjeBGS4KrxKAeEVt8d1fTnuKgpKpMmL6S
If you don't like the price of BTC come back in 8 hours.
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crazyates
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November 02, 2012, 03:18:36 AM
 #2
LOL no 2 votes for the same option. Nice.
Tips? 1crazy8pMqgwJ7tX7ZPZmyPwFbc6xZKM9
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November 02, 2012, 05:04:44 AM
 #3
I don't plan to stop investing,just keep growing & growing  Cool Cheesy

With the reduction in power consumption,it is now possible for me to grow a mining farm  Shocked
"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
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November 02, 2012, 03:48:14 PM
 #4
Am I the only one who thinks this is a stupid poll, what computer hardware (even asic) isn't going to depreciate at 20% or more a year?
bitboyben (OP)
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November 02, 2012, 09:23:39 PM
 #5
Yeah maybe I should have added a few more profit margins above +20%. The other option was to make it a RIO and measure it in months, but the math is easier with percent. For ref I'd say 9mo ROI should be just above 20% I'm trying to construct a worst case scenario for my total hash rate increase charts. It may seem a bit to early to consider this but I appreciate the input. I guess the poll doesn't allow you to double vote on same item. When I started mining the price of BTC was $5 and ROI was 10-11mo for my equipment, IF I could keep the electricity use down. That was good enough for me, but mostly because I thought BTC was such a cool thing I had to be a part of it.
Why did I sell at $5! Come back to me my old bitcoin! 1GjeBGS4KrxKAeEVt8d1fTnuKgpKpMmL6S
If you don't like the price of BTC come back in 8 hours.
superfastkyle
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November 04, 2012, 12:59:10 AM
 #6
I'm just saying that profits with bitcoin mining are really inflated because we love the idea so much. Mining equipment will have to pay itself back almost twice a year I think to be competitive for serious bitcoin miners. I think its safe to say each rig will cost you at least 20 hrs in labor a year after setup. Something will break. Heck one month I spent well over 100 dollars just shipping back rma's
bitboyben (OP)
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November 04, 2012, 01:54:46 AM
 #7
Wow that sucks!
Maybe I should revise the title to revenue after power and hardware costs.
Why did I sell at $5! Come back to me my old bitcoin! 1GjeBGS4KrxKAeEVt8d1fTnuKgpKpMmL6S
If you don't like the price of BTC come back in 8 hours.
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