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Author Topic: Is it still worth getting a 5 GH/s Bitcoin Miner BFL?  (Read 28428 times)
Ejay424 (OP)
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August 29, 2013, 08:25:27 PM
 #1

Hello, I'm new to the bitcoin world of mining, and I need to know if it is worth to buy a 5 GH/s Bitcoin miner, or mine at all.. I was looking at this calculator: http://bitclockers.com/miningcalculator , And it was telling me that I would be able to make around $400 a month, which seemed great, got me all hyped for it! But then, somebody sent me this page : http://mining.thegenesisblock.com/a/cf59c98e63. And I got these results : http://mining.thegenesisblock.com/a/cf59c98e63 . I'm not really sure if this site is saying I'll be making profit or not, could any body help me out here? Thanks Cheesy
Syke
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August 29, 2013, 08:29:10 PM
 #2

You can't get a Jaly for $274 delivered in Aug. There's a backlog of orders. Retry your calcuation with a Oct delivery date and see if that is an attractive investment for you.

Buy & Hold
Ejay424 (OP)
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August 29, 2013, 08:35:24 PM
 #3

I don't really know what you are talking about, there doesn't seem to be a option. But.. because of the whole difficulty thing ALWAYS rising, does that mean that my 5GH/s miner would stop making money? or will it always be running at same speed?
icey
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August 29, 2013, 08:37:53 PM
 #4

It'll work forever, you just won't make back your investment that's all.
Magazine
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August 29, 2013, 08:41:26 PM
 #5

In other words, it will no doubt be more profitable to just buy BTC and keep it instead of buying a BFL unit.
Dalkore
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August 29, 2013, 09:02:13 PM
 #6

Past ROI.

Hosting: Low as $60.00 per KW - Link
Transaction List: jayson3 +5 - ColdHardMetal +3 - Nolo +2 - CoinHoarder +1 - Elxiliath +1 - tymm0 +1 - Johnniewalker +1 - Oscer +1 - Davidj411 +1 - BitCoiner2012 +1 - dstruct2k +1 - Philj +1 - camolist +1 - exahash +1 - Littleshop +1 - Severian +1 - DebitMe +1 - lepenguin +1 - StringTheory +1 - amagimetals +1 - jcoin200 +1 - serp +1 - klintay +1 - -droid- +1 - FlutterPie +1
batt01
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August 29, 2013, 09:24:58 PM
 #7

I have a April 3rd order for a Jally, and I am still waiting, I would not count on getting one soom from BFL.

Ejay424 (OP)
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August 29, 2013, 09:27:21 PM
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It'll work forever, you just won't make back your investment that's all.
I don't understand that, it will keep making coins forever.. but I wont get my investment back?
tempestb
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August 29, 2013, 09:28:17 PM
 #9

The difficulty rises, so it will keep mining but it will take longer and longer and longer for you to get a coin.

However, it will use the same amount of electricity, so your electricity costs will be greater than the bitcoin earned.


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Magazine
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August 29, 2013, 09:32:19 PM
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It'll work forever, you just won't make back your investment that's all.
I don't understand that, it will keep making coins forever.. but I wont get my investment back?

It will mine coins, but you will get so little as the gets harder to mine that the thing will cost more to run that it generates and you would of earned more just keeping the BTC and waiting for the value to rise.

I guess you will only figure that out if you actually buy a unit and then notice that you will not ROI on the unit.

But considering your asking for donations to buy one, I doubt you will even be in that position.
superduh
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August 29, 2013, 10:08:51 PM
 #11

you are better off buying bitcoins directly (localbitcoins) or if you can get one for $300 in the next week you'll make your money back

ok
lajz99
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August 29, 2013, 11:43:39 PM
 #12

How many threads are you going to start asking the SAME question?

Try browsing or using search and your one question will be answered.

LittleD
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August 29, 2013, 11:52:52 PM
 #13

How about a group buy Huh but Do ur research and DONT get scammed !!( BTC  Roll Eyes

hope it helps Huh

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Stinky_Pete
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August 30, 2013, 12:14:05 AM
 #14

Is it still worth getting a 5 GH/s Bitcoin Miner BFL?

Not if you are thinking you will make a profit. But it may be worth it for the fun of knowing you are part of the bitcoin experiment, and the hard lesson you will get about exponentially rising difficulty.

If you order now, don't expect to get the hardware until November.

demonmaestro
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August 30, 2013, 12:21:41 AM
 #15

Is it still worth getting a 5 GH/s Bitcoin Miner BFL?

Not if you are thinking you will make a profit. But it may be worth it for the fun of knowing you are part of the bitcoin experiment, and the hard lesson you will get about exponentially rising difficulty.

If you order now, don't expect to get the hardware until November.

They are on ebay also people.  Cool

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Stinky_Pete
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August 30, 2013, 12:31:38 AM
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Is it still worth getting a 5 GH/s Bitcoin Miner BFL?

Not if you are thinking you will make a profit. But it may be worth it for the fun of knowing you are part of the bitcoin experiment, and the hard lesson you will get about exponentially rising difficulty.

If you order now, don't expect to get the hardware until November.

They are on ebay also people.  Cool
True, but overpriced, and with all the additional difficulties that come with eBay items.

madmax_ger
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August 30, 2013, 06:04:05 AM
 #17

It'll work forever, you just won't make back your investment that's all.
I don't understand that, it will keep making coins forever.. but I wont get my investment back?

you might want to check this one http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=65750060.149085&dcosts=300&diff_mincrease=30&blpbtc=25&dhsmhs=5000&diff_mincreasedecrease=3&btcusd=119.95&dpowcon=70&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=5&action=calc

http://btcinvest.net/bitcoin-mining-profit-calculator.php - check it out!next difficulty + time leftcustomizable monthly (diff + USD/BTC) increasements device lead timeupdate: auto-compares device costs to BTC-buy profit ♥ 1btciBCKb59TbzNj5QzC2EXWDARxtJL1f
Bogart
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August 30, 2013, 05:27:34 PM
Last edit: August 30, 2013, 10:44:24 PM by Bogart
 #18

I received my 2 Jalapeños today, one with the "2ghps upgrade".  I ordered 03-Feb-2013.

I doubt they'll ever break-even BTC-wise.

http://imgur.com/a/yWMMw

Looks like I'm in for a lot more waiting before I'll see my Little Single.

Edit: I paid 15.0912 BTC for the initial order, and then 0.8198 BTC for the upgrade.

I'm directing all mining proceeds from them to 1Mkew9NDU9S4XS7QPDrHrgzjRDp4bHGXgw.  You all can follow along and see when/if I break even.

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
Magazine
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August 30, 2013, 06:13:04 PM
 #19

I received my 2 Jalapeños today, one with the "2ghps upgrade".  I ordered 03-Feb-2013.

I doubt they'll ever break-even BTC-wise.

http://imgur.com/a/yWMMw

Looks like I'm in for a lot more waiting before I'll see my Little Single.


You're in a better position than other people, maybe you can ROI on them hopefully. Shame about the single.
batt01
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August 30, 2013, 06:18:07 PM
 #20

I received my 2 Jalapeños today, one with the "2ghps upgrade".  I ordered 03-Feb-2013.

I doubt they'll ever break-even BTC-wise.

http://imgur.com/a/yWMMw

Looks like I'm in for a lot more waiting before I'll see my Little Single.
+
Congrats, you are still in pretty good shape. You basically got the equivalent of a Asic Miner Blade for far less then the current selling price. You should ROI in about 3 months. Maybe my upgraded Jally will come soon. My order date is April 3rd.



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