Still money in mining

[rtt]

I was searching for other companies that make ASIC miners (differente of butterflylabs, avalon)...., but I can't find any..
Someone knows about other ones?

USB-dongle miner here: https://bitcointalk.org/index.php?topic=217104.0;all

[UniversalTrek]

Depends, but yes, you can sit around and mine all the new alts coming out everyday and dump them before the coins dump...

[grosskate]

It s going to be really hard mining with only graphic cards. Many ASIC devices are poping up everywhere....

[nousfeed]

im still making money mining litecoins, I got a 5970 for cheap, it gets me about 1 litecoin a day for $1 a day worth of electricity. Its also winter here so the extra heat is nice.

[LABitMarket]

Pay a legion of hard hat clad workers and you're in business! Boom!

[riaro]

yes , if you are sn ASIC based miner.

[addictivegaming]

5ghz mining machines but not sure if I want to drop $250 into it.

Which 5Hgz mining machines are you looking at?

edit: There is also Terrahash for those that can only find Avalon and Butterfly labs, but I'd stay away from butterfly labs. Avalon is a lot more trustworthy imo.

Hello. Why would you prefer Avalon Systems over Butterfly Labs. We have been looking into Butterfly Labs products and would love to learn more about the differences between each.

-Quality
-Speeds
-Advantages one may have over the other
-Power consumption

Thank you!

[merve10495]

I was searching for other companies that make ASIC miners (differente of butterflylabs, avalon)...., but I can't find any..
Someone knows about other ones?

USB-dongle miner here: https://bitcointalk.org/index.php?topic=217104.0;all

I wouldn't mind purchasing one of these sticks or a couple, but I don't want to buy 50 in one go

@Addictivegaming

I would choose Avalon over BFL as you don't see any bad publicity for Avalon on the forums at the moment as they actually make the products and ship them.
BFL charged ridiculous amounts for things and showed nothing of it. They then promised release dates and kept pushing it back as more orders came in and kept creating more options to pre-order. Once they finally got the ASICs to start production (Months after actually saying they would be shipping) they figure out their plans are all wrong because it is actually making parts of the product melt as the plastic can't cool down fast enough. A couple of days ago they added an option for people to 'upgrade' their product even more to squeeze more money out.
They even refuse to refund some people.
Avalon is actually sending products out.
However I can not persuade you, it is up to you if you like the idea of a faster product or actually receiving a product.

-Quality
The products are melting due to attempting to make them look good appose to perform how they should.
-Speeds
Unable to actually tell you a price changing the size of their prices for ASIC three times since original pre-orders came out.
-Advantages one may have over the other
What?
-Power consumption
Product hasn't even been released and they don't say any specs that anyone other than they can confirm. I can say I've made an ASIC that is half the power consumption how would anyone know any different?

[xiaodaoxiaodao@gmail.com]

continue working, you will got coins.

[Markov]

How about alt currency?

[Rangertime]

i made some profit off of wdc but the big guys raped the difficulty =/

[ScottJD]

The 5ghz Jalapeno is only about $250, This would earn it's money back in 2 weeks surely?

[Snail2]

Mining new altcoins with some decent hardware and dump them shortly after they appear on an exchange is profitable  .

[SimplyBTC]

It doesn't seem worth it with a normal computer. I think if you had free electricity and a high powered computer it would be worth it.

[GhanaGamboy]

The 5ghz Jalapeno is only about $250, This would earn it's money back in 2 weeks surely?

Would be nice if BFL send it second day after paying for it. Something is not rigt...

[retro72]

Still getting a decent return with my gpu rigs. ROI is higher though about 5-6 months.

[tzh2231]

I think recent math is roughtly break even on about 25c/kwh electricity?
anything above 15c electricity makes GPU mining like a chicken rib.

Hey guys,

is there still money in mining or do you get only the costs of computer and energy back?

For GPU mining, it depends on your electricity cost. Run the numbers based on cost of electricity, hash rate and price of bitcoin.

The consensus around here is GPU mining is no longer worth the cost, but I ran the numbers and figured that even if difficulty triples, at current bitcoin prices I will still make some money by keeping my computers on, something I already do anyways

[rtt]

I was searching for other companies that make ASIC miners (differente of butterflylabs, avalon)...., but I can't find any..
Someone knows about other ones?

USB-dongle miner here: https://bitcointalk.org/index.php?topic=217104.0;all

I wouldn't mind purchasing one of these sticks or a couple, but I don't want to buy 50 in one go

---------------------------------
Please search for "Group Buy", such as this one (closing shortly): https://bitcointalk.org/index.php?topic=201577.0
People get together and order the required number on these forums (was 300 min, now 50 min) from AsicMiner.

[neordicICE]

How about alt currency?

These are only good for GPU and converting to Bitcoin immediately

[therealjonnyd]

Alt coins are good to immediately trade for BTC as said above. When the ASIC devices hit the network, altcoins *might* stay profitable for a bit with GPU's.