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Author Topic: Does Mining still worth the investment?  (Read 541 times)
kergad (OP)
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September 16, 2013, 07:14:29 AM
 #1

Hi Guys,

I'm new in this bitcoin world and I'm interesting to start mining.
I'm thinking to start with that: https://products.butterflylabs.com/homepage/5-gh-s-bitcoin-miner.html

But my question is it still possible to earn about 1bitcoin per week with this kind of device?

Thanks
Anon135246
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September 16, 2013, 07:22:51 AM
 #2

You'll come nowhere near 1BTC a week  Grin
roflmao129
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September 16, 2013, 07:23:38 AM
 #3

Its not worth it at all. Just forget about mining, you wont make your money back.
https://blockchain.info/de/charts/miners-operating-profit-margin

tearfereon
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September 16, 2013, 07:32:28 AM
 #4

I'm thinking to start with that: https://products.butterflylabs.com/homepage/5-gh-s-bitcoin-miner.html

But my question is it still possible to earn about 1bitcoin per week with this kind of device?

1BTC per week  Grin

Currently 0.15 BTC / week
When you receive it probably 0.01 BTC / week

Decide yourselves  Wink
yellowfevor
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September 16, 2013, 09:58:57 AM
 #5

Another question you might want to ask yourself is IF (and then maybe, When) you will receive the miner.

BFL have a pretty serious base of unsatisfied customers who have yet to get miners they ordered months and months ago.

Given the current difficulty increase rate, it may be a lot safer bet to invest in something else without being able to be certain on when you would receive any given hardware.
elektibi75
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September 16, 2013, 10:09:17 AM
 #6

Try mining with GPU-s you will get your money back a little bit faster...

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kergad (OP)
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September 16, 2013, 10:58:11 AM
 #7

Alright,

it's that I was thinking. 1BT/week seems to good to be true  Smiley

Quote
Insert Quote
Its not worth it at all. Just forget about mining, you wont make your money back.
https://blockchain.info/de/charts/miners-operating-profit-margin

So in fact now the mining decrease a lot. Even with a cheap GPU solution, is it really worst the time to set up it?

Like said
Quote
tarfereon, 0.15 BTC / week
mining seems to be reserved only for big structure, and in fact not for long.

ATI 5850: $150
The rest of the computer: $200

Result: 330MH/s  so 15 time less than a 5GH/s device.

If I'm using the right number, I can earn 0.01 BTC/week ($1.35) with my homemade GPU's solution  Embarrassed


I'd better to make an online shop Cheesy
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