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Author Topic: Why is the demand still so high for Miners with returns like these?  (Read 4641 times)
CrashX
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August 21, 2013, 06:54:46 AM
 #41

A lot of people go back and forth on ROI but the way I look at is, all I need to do is break even mining BTC with my block erupters. Nobody is going to make it rich with them but even as the difficulty skyrockets and bitcoin becomes unminable, I will still have the hardware in hand, which I can turn toward any alt sha256 coin. Nobody is considering in their ROI calculations that the physical miner itself has value. You can either sell it for cash or bet on its long term value for mining alt coins.

Erupters will give 0.005, right now. How long will it take to you get ROI back?

I have a few of them, I pay $75 on each... and its not looking good.
Chronikka
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August 21, 2013, 07:10:11 AM
 #42

A lot of people go back and forth on ROI but the way I look at is, all I need to do is break even mining BTC with my block erupters. Nobody is going to make it rich with them but even as the difficulty skyrockets and bitcoin becomes unminable, I will still have the hardware in hand, which I can turn toward any alt sha256 coin. Nobody is considering in their ROI calculations that the physical miner itself has value. You can either sell it for cash or bet on its long term value for mining alt coins.

Erupters will give 0.005, right now. How long will it take to you get ROI back?

I have a few of them, I pay $75 on each... and its not looking good.

Sometime early next spring at the latest I expect to have my investment back, assuming the price of bitocin does not change. But I plan to move them off of bitcoin mining before that. Alternate coins are more profitable for mining unless you have a lot of mining power at your disposal

"The true sign of intelligence is not knowledge but imagination"  -Albert Einstein
Nemo1024
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August 21, 2013, 08:22:16 AM
 #43

For the time being, no SHA-256 altcoin is more profitable:
http://www.coinchoose.com/

PPC and FRC might be right at the point when BTC difficulty changes, but that is quickly mitigated by their price change.
And TRC was insecure as hell until the latest patch, which everyone hopes will hold.

“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
Chronikka
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August 21, 2013, 08:24:40 AM
 #44

For the time being, no SHA-256 altcoin is more profitable:
http://www.coinchoose.com/

PPC and FRC might be right at the point when BTC difficulty changes, but that is quickly mitigated by their price change.
And TRC was insecure as hell until the latest patch, which everyone hopes will hold.

For the time being...which is why mine are mining BTC right now Wink  But a few weeks ago TRC and PPC were both more profitable than BTC. The recent price surge on Gox has put Bitcoin back on top though.

"The true sign of intelligence is not knowledge but imagination"  -Albert Einstein
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