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Author Topic: I want to mine with ASIC  (Read 3711 times)
kuriboh
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May 09, 2013, 11:26:50 PM
 #1

I want to invest in some ASIC miners but I have a lot of questions:


What ASIC vendors sell products right now?

I Know Avalon, but only sell batches of 10000 chips (although I could integrate in a GroupBuy)

BFL, A looooooong waiting time

Terrahash, Trustworthy enough?

Burnin, BKKcoins, and other developers from Bitcointalk.

So, What do you think? What are the best options? What other ASIC mining options are there?

Who will enter the ASIC mining?
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computerparts
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May 10, 2013, 05:23:33 AM
 #2

yea good luck with that
clicksmoney
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May 10, 2013, 08:26:57 AM
 #3

Get ahold of 20 ASIC chips and send of to one of the custom DIY builders.

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May 10, 2013, 08:40:37 AM
 #4

I tried to compile a list of currently discussed ASICs here: http://minr.info/
I also think that Avalon chips and one of the DIY developers would be your best option right now.

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May 11, 2013, 02:33:57 PM
 #5

ASICMiner is auctioning off more blades at their latest auction at a fixed price (49.99 BTC) for their 10 GH/s boards

Benefits:

You'll get these within a week of auction's end
Beat everyone else who bought Avalon Batch 2/3
Great customer service (online guide up)

Check it out: https://bitcointalk.org/index.php?topic=201753.0
billotronic
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May 11, 2013, 03:35:56 PM
 #6

I tried to compile a list of currently discussed ASICs here: http://minr.info/
I also think that Avalon chips and one of the DIY developers would be your best option right now.

Nice! Thanks for this.

This post sums up why all this bullshit is a scam
Read It. Hate It. Change the facts that it represents.
https://bitcointalk.org/index.php?topic=1606638.msg16139644#msg16139644
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May 11, 2013, 06:40:21 PM
 #7

ASICMiner is auctioning off more blades at their latest auction at a fixed price (49.99 BTC) for their 10 GH/s boards

Benefits:

You'll get these within a week of auction's end
Beat everyone else who bought Avalon Batch 2/3
Great customer service (online guide up)

Check it out: https://bitcointalk.org/index.php?topic=201753.0

100 days roi is too slow

THE FUTURE OF
REAL ESTATE
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Lauda
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May 14, 2013, 01:47:57 PM
 #8

No devices that are currently shipping :/


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phantastisch
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May 14, 2013, 01:49:00 PM
 #9

No devices that are currently shipping :/

Asicminer

https://bitcointalk.org/index.php?topic=204030.0

Plagiarize, let no one elses work evade your eyes.
Remember why the good lord made your eyes, so don't shade your eyes but plagiarize, plagiarize, plagiarize. Only be sure always to call it please 'Alternative Coin'.
btc6000
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May 14, 2013, 02:25:12 PM
 #10

100 days roi is too slow

Slow compared to what?

Good luck achieving 100% ROI within 100 days from any other legal investment IRL.

We have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.
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May 14, 2013, 02:45:05 PM
 #11

compared to what i want
and i want to make profit when i buy a thing like this

THE FUTURE OF
REAL ESTATE
..

║║
║║
║║
▬▬ ● ● ▬▬▬▬▬▬▬ ● ● ▬▬▬▬▬▬▬ ● ● ▬▬▬▬▬▬ ● ● ▬▬

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wrenchmonkey
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May 14, 2013, 04:34:23 PM
 #12

100 days roi is too slow

Slow compared to what?

Good luck achieving 100% ROI within 100 days from any other legal investment IRL.

The problem with this is that if you don't break even in 100 days, you'll probably never break even, due to rising difficulty. You need to understand how Bitcoin mining works, and how the hashrate is currently changing (and projected to change) before you criticize somebody for pointing out a legitimate flaw with a pricing structure that makes break-even nearly impossible.  Roll Eyes

Block Erupter Overclocking 447 M/Hash, .006 (discounts if done in quantity) https://bitcointalk.org/index.php?topic=300206.msg3218480#msg3218480

Buy and sell mining shares (Bitfury). https://cex.io/r/1/wrenchmonkey/0/
cdog
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May 15, 2013, 10:17:25 AM
 #13

What are the best options?

Take the money you want to spend on an ASIC and BUY BITCOINS. This is BY FAR the best option. The price right now (~$100) is GREAT.

Wish I had done this. Ive had insane amounts of money tied up for half a year waiting on ASICs, and if I had just bought BTC like a lot of SMART PEOPLE told me to, Id have made more money than I ever will mining. Dont do it man. DONT DO IT.

bitzip
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May 16, 2013, 01:04:03 AM
 #14

Buy a few ASIC USB Block Erupters.  Join a buy group.  This buy group needs orders for about 40 more unit.

European Buy Group
https://bitcointalk.org/index.php?topic=195037.0
mgio
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May 16, 2013, 01:54:16 AM
 #15

You CAN'T buy ASICS right now to mine with.


Here are your options and why they aren't a good idea:

- ASICMiner USB and Blades. They are expensive and you will never ever make your money back due to rising difficulty
- Avalon. Batch 1 and 2 already shipping, batch 3 sold out. You can buy discrete chips which will ship in 8-10 weeks, plus some time and more money to assemble them into a machine, figure 3 months total. You aren't likely to make your money back but it is your best option so far. Difficulty might be low enough that you could break even but it's risky.
- Butterfly Labs. The worst choice. There are 60,000+ orders ahead of you and they haven't even finished developing their product yet. Even they people who ordered early aren't likely to make their money back.


Your best best right now is to go to bitfunder and buy ASICMiner shares. They pay a weekly dividend from their mining profits.
ymeiner
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May 16, 2013, 01:24:50 PM
 #16

100 days roi is too slow

Slow compared to what?

Good luck achieving 100% ROI within 100 days from any other legal investment IRL.

The problem that people are seing now with their GUIs is that 100 days ROI proved to not be working due to the acceleration of the difficulty. even if you buy yourself a jalapeno, when the bigger miners will start to ship, 100 days ROI might not be a reality.

If you look at the map of the miners, the difference in power of mining is going to effect BTC mining in general. It is going to be extreamly difficult to make money out of a home brewed machine and more mining racks services will appear. Not sure that this centralization of computing is good for BTC but this is how things look right now.


BTCMeiner - my BTC notes (http://btcmeiner.blogspot.com/)
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razorfishsl
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May 18, 2013, 02:26:52 AM
 #17

Buy a few ASIC USB Block Erupters.  Join a buy group.  This buy group needs orders for about 40 more unit.

European Buy Group
https://bitcointalk.org/index.php?topic=195037.0

Don't do it.......

you are about to put several hundred GH/s into  the hands of a complete stranger..... also 300MH/s will not ROI for 2 BTC

High Quality USB Hubs for Bitcoin miners
https://bitcointalk.org/index.php?topic=560003
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May 18, 2013, 02:32:10 AM
 #18

Buy Asicminer passthrough shares instead
kuriboh
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May 18, 2013, 06:25:00 AM
 #19

Well, after reading and thinking a lot. I will upgrade my minirig of GPU and maybe invest on Asicminer PT Shares, but I will not buy ASIC´s right now.
stslimited
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May 19, 2013, 08:46:31 AM
 #20

100 days roi is too slow

Slow compared to what?

Good luck achieving 100% ROI within 100 days from any other legal investment IRL.

The problem with this is that if you don't break even in 100 days, you'll probably never break even, due to rising difficulty. You need to understand how Bitcoin mining works, and how the hashrate is currently changing (and projected to change) before you criticize somebody for pointing out a legitimate flaw with a pricing structure that makes break-even nearly impossible.  Roll Eyes

that ignores exchange rate fluctuations.

although you might never make 50 bitcoins from the hardware, but the 48.756 and counting bitcoins you do make will be worth a different price 100 days from now, and you will also be able to acquire those fractions of bitcoins at a faster rate than most, using less power than most.

ideally this price is greater than it is today.
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