Bitcoin Forum
July 16, 2024, 08:30:04 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Can Low End Scrypt ASIC Miners Be Profitable?  (Read 342 times)
paramind22 (OP)
Hero Member
*****
Offline Offline

Activity: 2674
Merit: 552


View Profile WWW
November 08, 2016, 01:50:30 PM
 #1

Do you think low end scrypt ASIC miners can be profitable if used in a type of trading capacity after one is mining?
It seems they could come in handy to support some coins that may have value but not enough support?   There are
a lot on eBay now under $100.

Definition of profitable: like earning interest on a CD/Money Market with a good amount of capital, not "day job" work,
and liking the heat (in Seattle one often uses a heater even 8 months out of the year at times).

altcoinhosting
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1006


View Profile
November 08, 2016, 01:53:12 PM
 #2

Do you think low end scrypt ASIC miners can be profitable if used in a type of trading capacity after one is mining?
It seems they could come in handy to support some coins that may have value but not enough support?   There are
a lot on eBay now under $100.

Definition of profitable: like earning interest on a CD/Money Market with a good amount of capital, not "day job" work,
and liking the heat (in Seattle one often uses a heater even 8 months out of the year at times).

I think it's pretty certain that you'll always have to look at the price and the power draw per Mh.
IMHO, i think that if you buy a very old, outdated scrypt miner that draws way to much power per generated hash and costs proportionally more per unit of hashrate than a new miner, you'll always do a bad deal buying one.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!