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Author Topic: Only buy 1+ Terahash or more Bitcoin miners hardware  (Read 22283 times)
lyth0s
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October 23, 2013, 05:35:31 AM
 #41

All generation 1 miners will be rendered unless very soon.   Gen 2 will get ROI depending on WHEN YOU GET YOUR MINER compared to the rest of the queue and others competing for lower difficulty slots.  It is all about when you get your ASIC miner.

I don't know about "useless". Most early gen 1's made a good ROI really fast and now they can just mine as long as BTC price > electricity. Even when electricity is > BTC price I know I will still be mining simply for the speculation on an increasing BTC price.

For example I mined on my graphics card a while back when I was technically losing money every day due to the cost of electricity. But my video card was making 0.1 BTC a day....which lucky for me I still have that saved up and if I were to sell it now, my revenue per day for those days I mined with my video card is close to $20/day, which is far greater than the electricity I paid for Cheesy

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cowandtea
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October 24, 2013, 12:13:27 PM
 #42

All generation 1 miners will be rendered unless very soon.   Gen 2 will get ROI depending on WHEN YOU GET YOUR MINER compared to the rest of the queue and others competing for lower difficulty slots.  It is all about when you get your ASIC miner.

I don't know about "useless". Most early gen 1's made a good ROI really fast and now they can just mine as long as BTC price > electricity. Even when electricity is > BTC price I know I will still be mining simply for the speculation on an increasing BTC price.

For example I mined on my graphics card a while back when I was technically losing money every day due to the cost of electricity. But my video card was making 0.1 BTC a day....which lucky for me I still have that saved up and if I were to sell it now, my revenue per day for those days I mined with my video card is close to $20/day, which is far greater than the electricity I paid for Cheesy

Those Gen 1 miner is really lucky that they get their pre-order fast. I believe Gen 2 miner still far from break-even...

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October 25, 2013, 02:30:03 PM
 #43

There goes mining =(

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got2bereal
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October 27, 2013, 03:14:11 AM
 #44

All generation 1 miners will be rendered unless very soon.   Gen 2 will get ROI depending on WHEN YOU GET YOUR MINER compared to the rest of the queue and others competing for lower difficulty slots.  It is all about when you get your ASIC miner.

The window for ROI on any new hardware will be a short one as soon as they ship because there already exist a huge farm of miners.  You will have a small window to mine before difficulty scale with more miners lighting up.  I think buying any mining hardware is a very risky proposition because the difficulty scales so high and fast it can render your assets worthless in days not months.
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October 27, 2013, 03:15:36 AM
 #45

WARNING:
My high tech team analyzed the Bitcoin industry rigorously and found that it is only worth it if you purchase 1+ Terahash or more Bitcoin miner, most of them won't ship until December 2013 or later.

The difficulty will be well over 500,000,000 millions soon. At that difficulty, it will render all of your Bitcoin miners useless.
You would be better of just buy the Bitcoins out right, then to mine them.



Related thread:

Bitcoin Mining PCI-E Card 10Gh/s card for only $100
https://bitcointalk.org/index.php?topic=287706.0

USB block erupters are now useless. $5 - $7 each.
https://bitcointalk.org/index.php?topic=277330.0



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October 27, 2013, 03:17:16 AM
Last edit: November 26, 2013, 04:18:05 AM by KenKaniff
 #46

.
high110
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October 27, 2013, 03:42:57 AM
 #47

I hope opted to cloud mine - at least you can sell your GHs quickly instead of trying to sell your miner on ebay or locally - it's a bit of a hassle.  Check out the could mining site in my signature.  There's no fees or transaction charges for trading BTC for GHS.  It's righly just below .1 BTC for 1 GHS.  Decent deals. 

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Xelpherpolis
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October 27, 2013, 10:49:04 AM
Last edit: October 28, 2013, 10:16:20 AM by Xelpherpolis
 #48

High tech team!!!11111!!!!!

Does that mean other researchers are not high tech?

I still think these predictions are wrong, I am going on nicely with 475 GH/s
high110
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October 27, 2013, 10:45:07 PM
 #49

Don't understand your comment???

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Radelderth
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October 29, 2013, 06:02:24 AM
 #50

Bitcoin is designed not to let miner make money, but the one making the tools....

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October 30, 2013, 09:53:22 AM
 #51

I dont think 1+ Terahash or more hardware can ROI. They are coming out 10 Terahash in near future....

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October 30, 2013, 03:23:01 PM
 #52

Bitcoin is designed not to let miner make money, but the one making the tools....

This, just like the gold rush..
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October 30, 2013, 03:38:36 PM
 #53

I dont think 1+ Terahash or more hardware can ROI. They are coming out 10 Terahash in near future....

 Grin
Depends on price for this 1 Terahash miner. If it is small enought, it might ROI when buyig next year as well
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October 31, 2013, 12:01:43 AM
 #54

and the time when u get thoose 1 Ths miners difficulty will jump again

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February 08, 2015, 02:54:57 AM
 #55

Wel, well, well 2015!
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February 10, 2015, 05:35:43 PM
 #56

his guess wasnt bad Cheesy
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