Bitcoin Forum
May 03, 2024, 04:28:00 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Worth it to buy a block erupter?  (Read 4099 times)
Operatr
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


www.DonateMedia.org


View Profile WWW
August 16, 2013, 06:28:54 PM
 #21

Its important to look to the future of things when getting into mining, and what your personal goals would be with it.

Each node no matter how small contributes and diversifies the network, if your desire to mine is based on fun and being an active part of it, and not serious mining operation, the Erupters are perfect for this as barrier to entry is pretty low and setup is minimal. The Erupters are still not ideally suited for a large mine as their density cannot compare to the latest industrial miners nearing release. But if anything, they do carry some cool factor.

The price per mhash is still much too high compared to other offerings on the way to be useful in heavy mining where ROI is a significant factor, which should drive the price down quite a bit soon. With the network hashpower exploding ROI is very marginal until the market is either saturated to taper off of this rise and/or Bitcoin rallies once again higher to restore mining ROI to a better place.

Remember also that Bitcoin has only grown positively overall from day one. They were worth $266 this year at the high point, if it does a similar rally again soon, even a little bit of a Bitcoin could be worth a lot.

1714753680
Hero Member
*
Offline Offline

Posts: 1714753680

View Profile Personal Message (Offline)

Ignore
1714753680
Reply with quote  #2

1714753680
Report to moderator
1714753680
Hero Member
*
Offline Offline

Posts: 1714753680

View Profile Personal Message (Offline)

Ignore
1714753680
Reply with quote  #2

1714753680
Report to moderator
1714753680
Hero Member
*
Offline Offline

Posts: 1714753680

View Profile Personal Message (Offline)

Ignore
1714753680
Reply with quote  #2

1714753680
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
guitarplinker (OP)
Legendary
*
Offline Offline

Activity: 1694
Merit: 1024



View Profile WWW
August 22, 2013, 04:32:28 PM
 #22

I can now get them for $40 or less (I'm hoping $30 per miner) so I think I might get a single miner to use with my Raspberry Pi. Looking the the genesis block's estimates, it'll make around $7 in it's lifetime but I think $23 for a hobby (I guess not adding in USB hub and fan) is alright to me. I'll get back to you guys if I decide to buy it.
Pages: « 1 [2]  All
  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!