Kinetic915 (OP)
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June 10, 2013, 02:54:34 PM |
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If I bought steamboats batch 6 which are expected late august? Would 9 g/hs be even worth it at the difficulty in august?
Thanks!
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mgio
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June 10, 2013, 08:46:27 PM |
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Probably not worth it. It's a huge risk. It's very likely you will lose money.
There is a decent chance you will make money, but definitely not very much.
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Kinetic915 (OP)
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June 10, 2013, 09:17:39 PM |
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Probably not worth it. It's a huge risk. It's very likely you will lose money.
There is a decent chance you will make money, but definitely not very much.
gotcha, basically the period of time i have before the difficulty is too crazy is late august (expected time frame) to September or November. It will probably ROI but just barely :/
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Kinetic915 (OP)
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June 10, 2013, 09:33:09 PM |
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its just a bummer as my bitcoining/ scrypt alt coin days may be over when the difficulty for bitcoin jumps. Probably won't be that profitable for my gpu units either
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bcpokey
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June 11, 2013, 12:07:11 AM |
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The biggest risk isn't really in not making money back on an ASIC product (unless you paid a retarded price for it, like a blockerupter USB), it is scams. There are so few companies with anything to show for all the money they've raked in, and then you have secondary markets being built around the promises of other companies to deliver something...
It's just bad juju. This is the time where you've missed the boat on being a KA-CHING first batch Avalon winner, or whatever, and the risk is still just about as high now as it was then of getting a big box of air, or a product so late that it will be a nail biter. I'd say that the sensible option is to wait until production and shipping are at a sensible level (you can order and receive a product, how crazy!) and you can actually consider ROI at some reasonable level.
But my personal calculations say that most ASIC products today will deliver bang for their buck given trends, and assuming they don't turn into smoke.
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jeannie
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June 11, 2013, 08:37:55 AM |
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I don't think so, they are far too expensive to have a reasonable ROI and also Bitcoin difficulty is getting too high too fast.
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Eastwind
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June 11, 2013, 09:58:55 AM |
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These ASICs are too expensive and no resell value. If you want to contribute to the safety of the network to prevent it from 51% attack, then buy it.
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silicont
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June 11, 2013, 03:14:45 PM |
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While I haven't done the math, steamboat speculates in a recent post ( https://bitcointalk.org/index.php?topic=192916.msg2434731#msg2434731): "As an aside: Each person should do their own research and calculations to decide if purchasing miners is right for them. That being said, the numbers I have run are based on a very aggressive difficulty ramp up, and show the units will be unprofitable after 9-10 months. That being said, in order to maintain the exponential increase in difficulty, $26 million dollars worth of hardware would need to be introduced in month 3, $54 million in month 5, $110 million in month 7, and so on. This assumes .5btc per gh/s, and there are companies slated to produce miners at a .2. "
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NoBit
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June 11, 2013, 08:14:00 PM |
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If I bought steamboats batch 6 which are expected late august? Would 9 g/hs be even worth it at the difficulty in august?
Thanks!
9 Ghs - not worth the risk 90 Ghs - worth it
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Bitrated user: nobit.
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Luciddd
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June 12, 2013, 12:31:34 AM |
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Buying anything to do with mining is worth it in the long run if you believe firmly that bitcoin will continue to have success. Buying GPUs now would probably be the only thing not "worth it".
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erk
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June 12, 2013, 02:39:18 AM |
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Buying anything to do with mining is worth it in the long run if you believe firmly that bitcoin will continue to have success. Buying GPUs now would probably be the only thing not "worth it".
I disagree, if you calculate that your would be mining at less than the break even point, you would be better off spending your money on buying BTC instead of mining them, that way it helps keep the price up for all.
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pikeadz
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June 12, 2013, 11:16:43 PM |
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Buying anything to do with mining is worth it in the long run if you believe firmly that bitcoin will continue to have success. Buying GPUs now would probably be the only thing not "worth it".
I disagree, if you calculate that your would be mining at less than the break even point, you would be better off spending your money on buying BTC instead of mining them, that way it helps keep the price up for all. Not if bitcoin continues to appreciate in value, which, if you don't believe it will, you probably shouldn't be in Bitcoin to begin with. If Bitcoin is $200 next year, GPUs will still be profitable. If Bitcoin is $500 in 5 years, GPUs will still be profitable. Seeing a pattern? As long as Bitcoin's exchange rate keeps going up in value, my GPU farm will stay on. Even if it doesn't, I will keep it on with the expectation that it will be profitable long term. Of course, if it fails and goes to $0, well, then I've lost my electricity bill because the miners are already paid for.
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notlist3d
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June 13, 2013, 04:25:36 AM |
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And technically after cards are paid for a lot will depend on personal situations. For example for someone with a apartment including electricity gpu profit will always be there after cards paid for.... but profit will no doubt go down down down.
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Eastwind
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June 13, 2013, 07:34:17 AM |
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It all depends on the price of BTC and electricity. If you are mining for next year's BTC, then mine on.
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Amph
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June 13, 2013, 09:45:49 AM |
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even if you are lucky and your pre-orders isn't a scam, you will make a tiny profit anyway, therefore don't bother
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JohnSy
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June 13, 2013, 04:37:00 PM |
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If I bought steamboats batch 6 which are expected late august? Would 9 g/hs be even worth it at the difficulty in august?
Thanks!
Only if u wanna be in the gamee
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MWNinja
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June 13, 2013, 07:53:19 PM |
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Buy ONE USB Block Erupter to help keep the network distributed and secure, use the rest of your funds to buy bitcoin.
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w00dy
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June 14, 2013, 04:21:07 PM |
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Buy ONE USB Block Erupter to help keep the network distributed and secure, use the rest of your funds to buy bitcoin.
this is actually a pretty good idea for the OP and all of us in the big picture.
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Crindon
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June 14, 2013, 07:44:38 PM |
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9GH/s is still a lot better than getting an equivalent amount of eruptors.
Even at one billion difficulty, you stand to make about $10/month after electricity costs.
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