I see people post videos on youtube about how they paid off thier equiptment in the first month, and i see the uploaded date in youtube saying it was just 1 month ago.... Right now, I have about the same specs as that guy, and I don't see me paying this equiptment off for at LEAST 4 months if not more as the Diff level increases.
1.) The guy posted, and had well over 300 BitCoings for 1 month of mining..
2.) He showed the Mt. Gox website at $28 per Bitcoin.
I know this doesn't exist anymore... Just really discouraged today i guess... Wanted to get everyones input on the future of mining.
The first time I mined a few bitcoins.. they were worth 70 cents. A friend of mine was was considering paying $500 for a used high end video card to mine faster... I kind of scoffed at the idea, showing it would cost much more to generate than they were worth, and on top of that it was difficult to get the $ back from selling them in Candada.
Needless to say, if we had just taken $500 each and bought the roughly 700 btc each ... we would have been sitting on around $20,000 at around $28-29 USD per btc. Hindsight is always 20/20... and yeah, I already kicked myself in the nuts a few times since.
So, I guess what I'm saying is yes... you could have bought 5830's last month and paid them off by the time the last difficulty increase came... A whole mining rig though, no. And now? forget it
Just wait till they drop a bit and buy your way into the market. Unless the difficulty drops again, its not really worth it to mine unless you already own the equipment. (my opinion only.)