Bitcoin Forum
June 23, 2024, 10:06:51 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How much Avalon batch#2 ASIC is really worth now?  (Read 1928 times)
bitcoinator (OP)
Full Member
***
Offline Offline

Activity: 164
Merit: 100


View Profile
July 01, 2013, 08:31:10 PM
 #1

Seems like Bitcoin difficulty grows exponentially. At what price does it make sense to buy used Avalon batch#2 ASIC?

Will I be able to use it for some purpose other than Bitcoin mining, is there any other use for its ability to calculate sha-256 hashes?
mgio
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500


View Profile
July 01, 2013, 08:54:17 PM
 #2

It can't do anything but mine bitcoins.

Right now, I'd say a used batch 2 Avalon miner is worth maybe about 120 coins. Plus or minus 20 coins because it's hard to say what is going to happen with difficulty in the near term.
bitcoinator (OP)
Full Member
***
Offline Offline

Activity: 164
Merit: 100


View Profile
July 03, 2013, 03:29:57 PM
 #3

Thanks for your reply... So there is no other application for hashing? Maybe password recovery or something of the kind?
asically
Newbie
*
Offline Offline

Activity: 57
Merit: 0



View Profile
July 03, 2013, 03:37:54 PM
 #4

You can create an Alt and mine with Asic.

Mary made a bitcoin clone called Bytecoin from an off comment by Satoshi several years ago.
Trillium
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500



View Profile
July 03, 2013, 05:57:20 PM
 #5

Any ASIC device should be able to mine any of the SHA-256 based coins. When you tell your mining software to mine a SHA-256 altcoin that is not bitcoin, all you are doing is giving it the different network address and login details of your solo mining software OR those for your pool. The hardware does EXACTLY THE SAME COMPUTATIONS.

https://bitcointalk.org/index.php?topic=134179.0

http://dustcoin.com/mining

http://coinchoose.com/index.php


As evidenced in practice by the guys who clearly are mining with ASICs on the d7 PPC pool...

BTC:1AaaAAAAaAAE2L1PXM1x9VDNqvcrfa9He6
polarhei
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250


Firing it up


View Profile
July 06, 2013, 04:16:44 AM
 #6

Used one? One being mentions 75 coins. If I like to obtain one, I do no pay more than US$1,000 for used one.
Tamis
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250



View Profile
July 06, 2013, 07:07:34 PM
 #7

It can't do anything but mine bitcoins.

Right now, I'd say a used batch 2 Avalon miner is worth maybe about 120 coins. Plus or minus 20 coins because it's hard to say what is going to happen with difficulty in the near term.

Hard to say what is going to happen with difficulty ? come on we all know what is happening as I write this !

Total network is on his highest ever as I'm typing : Network total   244.415 Thash/s

Difficulty   21335329
Estimated   24008458 in 801 blks

It is going to skyrocket for sure !
ProfMac
Legendary
*
Offline Offline

Activity: 1246
Merit: 1001



View Profile
August 06, 2013, 11:10:15 PM
 #8


As per usual the price of the unit is determined by the following equation.
mining_difficulty * ( 1 + number_of_month_in_lead_time) over a 30 day period on the unit's hashing power. to those interested, here is the form https://docs.google.com/forms/d/1rJJniFiYn0XMPZVKVni86xBvSTylWw0fv1c1zAfuR68/viewform

p.s. here's a picture of our new case.
--------------------------------------------------------------------------------------------


Can anyone give an example and plug numbers into this equation and come up with the price of an Avalon?


I try to be respectful and informed.
dogie
Legendary
*
Offline Offline

Activity: 1666
Merit: 1183


dogiecoin.com


View Profile WWW
August 06, 2013, 11:13:43 PM
 #9


As per usual the price of the unit is determined by the following equation.
mining_difficulty * ( 1 + number_of_month_in_lead_time) over a 30 day period on the unit's hashing power. to those interested, here is the form https://docs.google.com/forms/d/1rJJniFiYn0XMPZVKVni86xBvSTylWw0fv1c1zAfuR68/viewform

p.s. here's a picture of our new case.
--------------------------------------------------------------------------------------------


Can anyone give an example and plug numbers into this equation and come up with the price of an Avalon?


The market moves between expected mining revenue over 80-150 days.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!