hoping1234
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Activity: 9
Merit: 0
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June 17, 2013, 08:06:51 AM |
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100% return p.a. isn't all bad
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Lohoris
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June 17, 2013, 08:10:31 AM |
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OMGWTF why are people pointing him to BFL? Are you crazy?
Don't buy from butterfly labs!! They are known liars, and are up to 10 months late in delivery! They might never ship!
I can't believe you really pointed him there, trolling is one thing, trolling his money quite another...
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coinsquirrel
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Activity: 27
Merit: 0
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June 17, 2013, 08:26:34 AM |
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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.
Why would anyone purchase a rig and then not run it all the time, if it's even the least bit profitable?? |
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Amph
Legendary
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Activity: 3248
Merit: 1070
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June 17, 2013, 08:34:49 AM |
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don't buy anything that is under 20gh
mantain this ratio, if you want to make profit
5BTC/10GHS/10M difficulty
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frankenmint
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Activity: 1456
Merit: 1018
HoneybadgerOfMoney.com Weed4bitcoin.com
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June 17, 2013, 09:56:43 AM |
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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.
So eloquent how you described that +1 - FWIW I diversified my approach to btc and cryptocurrency - I have 2 X6500 FPGAs mining BTC and sometimes FRC, I bought 2 1 year shares of cloudhashing 3 5gh singles and a 50 gh single for starters. I've seen varied gains from using the 6500s but they are at least light years past the single 5450 I had been using prior. |
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r93 (OP)
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Activity: 8
Merit: 0
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June 17, 2013, 02:07:49 PM |
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ok;) asic is best choice! where can i order avalon chips or asics or klondike boards with escrow?thank you for take part in this topic.sorry for my english;)
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pixl8tr
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June 17, 2013, 03:29:33 PM |
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You can look at the Custom Hardware forum https://bitcointalk.org/index.php?board=76.0 or the Marketplace to take advantage of some of the GB and offers. Make sure you do your research before investing in any of these offers. Caveat Emptor Cheers |
who | grep -i blonde | date; cd ~; unzip; touch; finger; bjobs; uptime; strip;. grab; mount; yes; umount; sleep; brun;
Donations: 18ByQvDUmaMKkQbYvUWmnPSu9BWeNxVMoc
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usahero
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June 17, 2013, 03:34:09 PM |
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Don't buy ASIC. Wait for prices to fall. Because you are not gonna have it paid foritself soon enough, if you buy it at current prices.
Buy gpu, if you have considerabely low electricity cost - around 10c/kwh or lower.
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gacr
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June 17, 2013, 03:38:22 PM |
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asic .... but who knows when you get it shipped .....
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r93 (OP)
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Activity: 8
Merit: 0
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June 17, 2013, 08:16:03 PM |
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i'm very confused:( what should i do?one body said buy asci and another body said dont buy  |
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usahero
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June 17, 2013, 08:29:48 PM |
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i'm very confused:( what should i do?one body said buy asci and another body said dont buy Anything you will do is basically a gamble. Maybe I am right, maybe the guy who adviced you to buy asic is right... In any case, do not buy from BFL. There is a swedish company that promises to produce 350Ghash for around 5k$, shipping in september or october, and unlike BFL, they do not take preorders yet. If you want to buy asic now, I think the best is to buy Avalon. You could also buy a mining shares.. Anything you do is a gamble, and the asic makers are the ones who will profit the most. |
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bongwater
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Activity: 14
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June 17, 2013, 08:31:34 PM |
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Mining Rig all the way
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dwdoc
Legendary
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Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
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June 17, 2013, 08:36:44 PM |
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i'm very confused:( what should i do?one body said buy asci and another body said dont buy Welcome to the club. |
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r93 (OP)
Newbie
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Activity: 8
Merit: 0
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June 17, 2013, 10:35:42 PM |
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thank you freinds for helping me().i think in this time i should w8 for asics.i find some company that assemble this boards some company was chinese.but all of them said that i should order and w8 some months.i will w8 till july.when bitcoin was born i mined some coins but bitcoin was under one dollar and i left mining.now bitcoin is +100$:D
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