minig rig or asic?

[r93]

hi i'm a newbie. pls tell me what should i do? make a rig or w8 for asic's manufacturs?
where can i buy an asic for example a 5gh/s asic? can i trust chinese sites?
i know if i make a rig after some mounths asics will shipping and difficulty will grow up. now tell me what should i do?

[VolanicEruptor]

Wait for the improved Eruptor Blades coming out soon from Friedcat.  Late June or July, he said.

[r93]

Wait for the improved Eruptor Blades coming out soon from Friedcat.  Late June or July, he said.

whats that? is it an asic?

[r93]

Block Erupter blades is very expensive. its a new technolgy. a 10gh/s device is 33bitcoin. but its very simple and strong. can you suggest me a lower price device?
thank you

[Rhium]

Don´t buy a rig for bitcoin mining, but you could mine litecoins with a good gaming rig (7950, 7970) since soon the difficulty of bitcoin mining will skyrocket and GPU mining wil be dead(in SHA-256 mining)
You could buy a BFL miner but the delivery will take forever, you could use https://www.cloudhashing.com/ , or go with a group buy of avalon chips and let someone assembly a klondike k-16 for you https://bitcointalk.org/index.php?topic=200067.0;topicseen (european group buy)

[PeterB]

Wait for the improved Eruptor Blades coming out soon from Friedcat.  Late June or July, he said.

whats that? is it an asic?

+1 and yes it is an ASIC.

[dwdoc]

You can get a couple used radeon 7970 graphic cards for $300 each and add 10 USB miners to the rig which cost about $220 each which will give you 5gh/s but you would probably be better off just buying and holding bitcoin with your money.

[r93]

oh thank you for your suggestions.where can i pre-order a 4.5 or 5 gh/s asic? i think i should w8 for these asics:P

[Rhium]

oh thank you for your suggestions.where can i pre-order a 4.5 or 5 gh/s asic? i think i should w8 for these asics:P

https://products.butterflylabs.com/homepage/5-gh-s-bitcoin-miner.html

[lantern]

The best choice right now would be to wait and see.  Some of the open source designs based on Klondike's boards and Avalon's chips look promising; they're rolling out (hopefully) in a few months

[r93]

oh thank you. yes i should w8.i should w8 for asics. which one is beter? asic or bfl?

[MoonMiaG4X]

asic

[arrewinki]

I suggest asic too...

[profileWlkj]

I suggest asic too...

[xenophanes]

asic

[VolanicEruptor]

Once you get LASIK you'll see clearly it's ASIC..

[Bralak]

mining rig... on ltc

[TAOYAN13]

You might try buying  few block erupters.

[Jim.B]

When the BFL chips from this last batch all go online (although anybody's guess when that will be, they've delayed shipments so many times) the network difficulty will be so high that only ASICs will be profitable.

But look at mining this way: you have to leave it plugged in and running all day every day for it to make money. People are only going to do that (and pay for the electricity) when it's worth it to them.

Say a mining rig costs $X. if it can produce $X in bitcoins in only a few months, then EVERYONE is going to want to spend $X to get one. It's a no brainer. But if the difficulty is so high that it takes one or more years to produce $X worth of BTC, more people will drop off. And people that do have a rig might not run thiers all the time, since it''s not very profitable.

So if you think the initial gold rush is over (which I argue it is, since ASICs aren't a secret anymore), then with human greed expect that whatever you spend on a mining rig it will take 12-18 months to recoup your investment. After that the profitability will go down because of the increasing hash rate.

If it's less than 12 months for mining rigs to pay for themselves, more people will buy them. If it's more than 18 months, then less people will buy them.

[sblmras]

Had this same question. Good post. I believe I will continue to be lazy and just buy with cash and see what happens.