Should I sell my Jalapeno? Seems to be working fine, but...

[canton]

My BFL Jalapeno has been hashing along nicely for 4 days now at approx 5.5GH/s according to bitminter. At the time of this post, bitminter reports that I've mined exactly 1BTC. Hooray! But now I could use some advice from you veteran miners:

1) Should I just sell my Jalapeno since they are apparently in silly-high demand this week (might be worth about $3,000 USD based on an auction just completed on bitcointalk)

or

2) Should I mine with it and hope that I can mine $3,000 USD worth before the difficulty goes through the roof?

TL;DR: Kill golden goose, or harvest eggs?

I just don't have a good sense of how fast/crazy the difficulty is changing with all these ASICs coming online. I've looked at some charts, but I'm betting folks on this forum have put a lot more thought into this question than I have:

What do you think 5.5GH/s will earn 100 days from now? 0.2BTC/day? Or more like 0.02BTC/day?

[sniffinpoprocks]

I'd keep it. I'm keeping mine when they arrive. so, when did you order yours?

[canton]

so, when did you order yours?

June 24th (order no. 1950). For what it's worth, what burns me here is that on one hand $3,000 USD sounds great. On the other hand it's more or less break-even since I paid 25 BTC back in June. These were BTC that I would certainly have hoarded into today's value of $3,250.

[OnkelPaul]

For $3000 I would sell the baby.
If the difficulty increases at its current rate you will not make that much in block rewards.

Onkel Paul

[greaterninja]

For $3000 I would sell the baby.
If the difficulty increases at its current rate you will not make that much in block rewards.

Onkel Paul

I'd keep it for a while then sell it.

[sniffinpoprocks]

If your still hoarding in 3 months, you wouldn't have 'lost' anything.

[sniffinpoprocks]

If I was you I'll keep it.

by the same token could you update http://bfl.ptz.ro/ to show delivered, it could give hope to us who're still waiting:)

I don't know how those get updated. You can only add your order, you can't change it's status yourself.

[mantler]

I would keep it as well, you will make your btc back eventually, and then you will have a decent miner working for you.  Also, it may be more profitable to mine ppc or other altcoin right now or in the future. 

[ReCat]

Sell while you still can.


Wait, sorry. The trollbox said that.

[bitman442]

Anybody that tells you to sell it just wants to buy it themselves, or is jealous because they haven't gotten theirs. You are one of the first few to get one and will probably make a killing by the time it becomes unprofitable (which will take quite a while @ under 40W).

[xgtele]

If you would like to sell your Jalapeno, you can do an auction here or list it on ebay..


So, $3250 ??

[FCTaiChi]

At 8% difficulty I calculate 3224$ in 6 months with current BTC price. 
At 18% difficulty it looks like 2070$ in 6 month

[zvs]

sell it, if you can get $3000 for it


in bitcoins, or person-to-person cash transfer 

[billotronic]

I will do you one better. Take a picture of yourself with it and sell that pic to us poor sods still waiting for our own.

[KS]

sell and buy BTC when they get cheap or wait 6 months and buy 20x the hash power for the same price.

[Malawi]

sell and buy BTC when they get cheap or wait 6 months and buy 20x the hash power for the same price.

Agreed. Or rather - sell it now, and either keep BTC or keep the $ in an exchange to buy.

Use part of the money to order more ASIC's. I expect the production to follow a classic bathtub-graph. Now it's only a trickle, but since demand is so high and profit on the units must be high, at some point they will ramp up production and churn out units.

The $3K or BTC24 equals 3 months of hashing(or about expected ROI). You may have to wait longer for the replacement ASIC, but doubt it will be much longer. In the meantime you can play around with them at an exchange.

Money right now is better than the same amount of money in the future.

[cdog]

Selling it today and buying 30 BTC with it is the most profitable longterm move...

[Humax]

What do you think 5.5GH/s will earn 100 days from now? 0.2BTC/day? Or more like 0.02BTC/day?

If it continues like the past few months, I'd say less than 0.1BTC/day

[Rampion]

so, when did you order yours?

June 24th (order no. 1950). For what it's worth, what burns me here is that on one hand $3,000 USD sounds great. On the other hand it's more or less break-even since I paid 25 BTC back in June. These were BTC that I would certainly have hoarded into today's value of $3,250.

Man, I would take the 25 BTC immediately.

Just do the math, it's a no brainer.

[Pinwheel]

think in long terms, 2-3 years and what btc will cost then. if you make now 0.25 btc per day and hoard, that can be good amount of  uds later on. difficulty is not so scary as it painted, with rise in diff value of bct will rise too. maybe not in exactly synchronous fashion, but in long term it will.