Multi GH/s Hardware

[Spirrwell]

Hey, as per posting in the newbie section I'm new here, and this would be way better suited for the hardware section, but I'm limited to here right now. Anyway, basically a friend of mine told me about Bitcoin mining and I thought it was unbelievable. Long story short, I started looking into ASIC computers and I was really hoping to start saving money to get a 50 GH/s mining rig, but I realized that it could take a few months to ship and it could take me a few months to save the money necessary to pay for it so I'm looking for alternatives.

Right now, I'm still in high school and I'm looking for help in funding a small business that I can jump-start when I turn 18, and a multi GH/s rig sounds like it would be perfect. Right now I want to say that $3,000 is going to be my limit especially since right now I have $0 and working for a few months will help change that. But I'm also looking for something substantial that is definitely going to help with funding and not just become a power hungry money burden. Now I'll be honest, I just learned about all of this stuff yesterday and have been researching heavily.

What I'm hoping for is something that's 20+ GH/s, but I don't know if that's possible with just $3,000. You know, any advice is appreciated, and if someone would like to yell at me and tell me I'm crazy, then just let me know! Thank you!

[dunchy]

HI everyone,

I would also be very grateful if somebody would present a list of all ASIC vendors (existing or just announced at this moment). It's not easy to dig out any information on hot topics that create 100+ pages thread in a blink of an eye here.. I know of just three: BFL, KNC, Avalon.

Thanx.

[whatthesith]

Maybe you can have a look on this wiki.

https://en.bitcoin.it/wiki/Mining_hardware_comparison

[davepsilon]

... a friend of mine told me about Bitcoin mining and I thought it was unbelievable. ...

This isn't specific to bitcoin, this is a more general idea.  If it is too good to be true, it probably is.

Until I can explain something to myself why it is not unbelievable then I don't touch anything.  But for someone looking to get into business, sometimes you need to learn things the hard way.  Now as for bitcoin mining ... the explanation most people here would come up with is the massive upswing in bitcoin value coupled with the massive decrease in $ per GH/s has mining capacity out of whack for the next little while.  As more capacity comes online and blocks become harder to mine, the value produced by mining should trend towards some combination of the price volatility and marginal power costs.

For you, I would try to make as many small moves as you can.  Instead of saving for months to make one big move.

[choicatn]

Instead of going for that, I would buy 3k worth of GPUs and mine some alts if you are looking for a low cost way to make money.