Best options for today?

[Tomtheman2]

Hi,

Just wondering what the best options are if I were to purchase a miner today. Everywhere seems to either be pre-order only or not much above 10gh/s.

So, whats the best option?

Jump on the band wagon and wait a few months (if not more) for a powerful rig

OR

Buy a 10gh/s and mine it while it is still making a bit of cash?

At the moment I don't see any in-between.

Thoughts?

[gudmunsn]

Unless you have thousands of dollars to spend on a 1TH+ rig, the only really profitable thing to do at this point is to buy BTC and sit on it.  Check out http://mining.thegenesisblock.com/ and do some experimenting, you'll see. I'm not buying an ASIC, at this point it's just not worth it.

[ajw7989]

Hi,

Just wondering what the best options are if I were to purchase a miner today. Everywhere seems to either be pre-order only or not much above 10gh/s.

So, whats the best option?

Jump on the band wagon and wait a few months (if not more) for a powerful rig

OR

Buy a 10gh/s and mine it while it is still making a bit of cash?

At the moment I don't see any in-between.

Thoughts?

My recommendation is to wait for the difficulty to become more predictable and level out. By then new technology will become more affordable. Newer and Newer rigs are coming out putting even people that invested hundreds to thousands of dollars on rigs obsolete (most BFL rigs that never shipped are already obsolete). If you just want a hobby buy some cheap usb miners to mine for now (never expecting a ROI) or follow what gudmunsn said and buy bitcoins then invest them.

[frankenmint]

Hi,

Just wondering what the best options are if I were to purchase a miner today. Everywhere seems to either be pre-order only or not much above 10gh/s.

So, whats the best option?

Jump on the band wagon and wait a few months (if not more) for a powerful rig

OR

Buy a 10gh/s and mine it while it is still making a bit of cash?

At the moment I don't see any in-between.

Thoughts?

at least put like 30 percent of your money into buying and holding btc for the ease of mind that you still made a killing if the price jumps tomorrow.  what miners dont see is that if they sell it during a bubble that happens next year during may/june....they may miss the 3rd big bubble at the 3-5k USD mark where that initial 30% will be sold for a hefty profit that took care of the mining ROI regardless

a fantasy for me and is highly unlikely to be possible.

[timk225]

DO NOT buy mining equipment of any kind for BitCoin!  The difficulty is blasting upwards and you will only lose.

Consider buying BTC to hold the next time the price dips, or invest in Scrypt coin mining.

Frankenmint - you are so full of shit its not even funny.  Bitcoin has never gotten to $300 much less the $3000-$5000 you claim!

[crescendo]

The graph is very nice and it shows continues growth since this is the good practice to have make such a nice chart for the better understanding of the topic.

[Operatr]

Well, at the moment there is a massive mining glut forming. This means there is far more hashpower coming online than market price will support to make a meaningful return, which means if you want to see a return on your gear quickly you must invest quite a lot of capital up front. This is true for both Litecoin and Bitcoin mining, though Bitcoin more so.

Either this, or buy some miners knowing full well that they will never break even in today's market, and hope like hell that it changes later (ie, market price goes up, hashrate levels off as ASICs reach market saturation, either of which makes mining more profitable and less risky to enter).

The kicker is no one knows where it goes from here really, just learn as much as you can and make an informed decision. Know your reasons for mining, and know the risks involved before spending a single penny. This is all based on a great monetary experiment with no known outcome positive or negative, don't spend what you can't afford to lose.

[marcotheminer]

At the moment, dont bother mining
Sorry to kill your hopes but too much competition and yeh..

[VeeMiner]

Hi,

Just wondering what the best options are if I were to purchase a miner today. Everywhere seems to either be pre-order only or not much above 10gh/s.

So, whats the best option?

Jump on the band wagon and wait a few months (if not more) for a powerful rig

OR

Buy a 10gh/s and mine it while it is still making a bit of cash?

At the moment I don't see any in-between.

Thoughts?

1. Buy bitcoins
2. Hold
3. ?
4. Profit

[balanghai]

Buy mining equipments wholesale and serve retail. 

[byteminr]

Hi,

Just wondering what the best options are if I were to purchase a miner today. Everywhere seems to either be pre-order only or not much above 10gh/s.

So, whats the best option?

Jump on the band wagon and wait a few months (if not more) for a powerful rig

OR

Buy a 10gh/s and mine it while it is still making a bit of cash?

At the moment I don't see any in-between.

Thoughts?

Keep an eye on www.byteminr.com.

We expect to launch in less than 8 days and we can offer any combination of power from 10Gh to 1TH and from 2-12 months. Our service is a real virtual rig service, not some crazy psudo-investment scheme! 

Adrian

[nmat]

the only really profitable thing to do at this point is to buy BTC and sit on it

at least put like 30 percent of your money into buying and holding btc

1. Buy bitcoins
2. Hold
3. ?
4. Profit

Is there some kind of universal law that says: "bitcoin will be worth more than $140"? I don't get this kind of advice. Maybe I have been here for too long. I saw the price fall 50% in one day many many times now. I also saw bitcoin lose more than 10 times its value in just a few months. Putting 1/3 of your money into bitcoin and sitting on it means that you might lose half of that tomorrow. You can also double it, I have also seen that. Anyway, this is speculation. It isn't a perfectly safe and lucrative investment.

[Amph]

there aren't perfectly safe and lucrative investment

[VeeMiner]

there aren't perfectly safe and lucrative investment

yep

[1l1l11ll1l]

I picked KNC and Cointerra

[crocko]

I picked KNC and Cointerra

Hello!
Why not HashFast too? The Baby Jet and Sierra seems to be OK..

[fattypig]

I picked KNC and Cointerra

Hello!
Why not HashFast too? The Baby Jet and Sierra seems to be OK..

On paper it seems very good, it is also as competitive as KNC and cointerra. But they are new company and I believe this is their first batch. Too high risk, remember BFL?