What is the best option for a mining rig around 100-150$?

[ProxyDownloads]

I have around 100-150 dollars and was wondering what would be the best thing to get.

[MRKLYE]

I have around 100-150 dollars and was wondering what would be the best thing to get.

Buy GH/s on cex.io

Site is well set up and pays well. Hosting your own miners is silly

[ProxyDownloads]

I have around 100-150 dollars and was wondering what would be the best thing to get.

Buy GH/s on cex.io

Site is well set up and pays well. Hosting your own miners is silly

Hmm, looks cool. How would I set it up? Im new to all this Thanks for the help!

[MRKLYE]

Pretty simple. Sign up for an account and deposit your BTC and buy some GH/s.
It pays you right to your balance on the site and you can sell your GH/s when you are done mining.

[ProxyDownloads]

Pretty simple. Sign up for an account and deposit your BTC and buy some GH/s.
It pays you right to your balance on the site and you can sell your GH/s when you are done mining.

This is awesome! Thanks for all your help

[odolvlobo]

I have around 100-150 dollars and was wondering what would be the best thing to get.

Buy GH/s on cex.io
Site is well set up and pays well. Hosting your own miners is silly

Never follow investment advice posted in the Newbies forum. If a scammer is going to post on these forums, it will most likely be in the Newbies forum.

Now, I have no reason to doubt Kyle's integrity, but I have to question his judgement. He is recommending that you send your money to an anonymous person on the internet. The world of bitcoin is filled with scammers. Given that nothing is known about cex.io, how can he possibly assure you that it is not a scam? Do not send any money to this site (or any other site) until you know enough about it to be reasonably certain that it is legit.

Now, before you spend any money on mining equipment or mining contracts, it it crucial that you understand the financial aspects of mining (unless you don't care if you lose money). Losing money on mining is a classic newbie mistake. Most newbies lose money on mining.

I estimate that 1 GH/s is worth about 0.2 BTC at most because of the skyrocketing difficulty. If you pay (or recently paid) 0.24 BTC per GH/s, you are going to lose money.

[stromma44]

I estimate that 1 GH/s is worth about 0.2 BTC at most because of the skyrocketing difficulty. If you pay (or recently paid) 0.24 BTC per GH/s, you are going to lose money.

This. The mining services need to make profit, so if the offer is good, why do they sell it instead of mining themselves?

[Dabs]

You could always buy one of those new USB mini miners that does 2.7 GH/s. They may or may not ROI, but now you'll have a piece of history (and you'll learn from mining with it.)

Then you upgrade to those bigger miners.

With only 100-150 dollars, you don't really have much choice. All the better miners (hash per dollar or hash per bitcoin) cost thousands.

[gordoh]

Theres always the option of buying a share in a Group Buy.

Ultibit are offering 40GH/s for 1.2BTC which is around $150.00 if you go to the right exchange. We also have an Escrow service with John.k if you are looking for additional protection from scams. I am busy working on an Ebay advert for it, because I know a lot of people would rather use FIAT currency to buy shares than exchanging and using BTC.

So much to do, so little time lol! 

I hope this helps, if you need more information I will be glad to assist you. let me know.

[Zeek_W]

I've been testing CEX.io for a bit - works great, no overhead, no worries, and you can place sell orders on your GHs and still be mining.

[ProxyDownloads]

I have around 100-150 dollars and was wondering what would be the best thing to get.

Buy GH/s on cex.io
Site is well set up and pays well. Hosting your own miners is silly

Never follow investment advice posted in the Newbies forum. If a scammer is going to post on these forums, it will most likely be in the Newbies forum.

Now, I have no reason to doubt Kyle's integrity, but I have to question his judgement. He is recommending that you send your money to an anonymous person on the internet. The world of bitcoin is filled with scammers. Given that nothing is known about cex.io, how can he possibly assure you that it is not a scam? Do not send any money to this site (or any other site) until you know enough about it to be reasonably certain that it is legit.

Now, before you spend any money on mining equipment or mining contracts, it it crucial that you understand the financial aspects of mining (unless you don't care if you lose money). Losing money on mining is a classic newbie mistake. Most newbies lose money on mining.

I estimate that 1 GH/s is worth about 0.2 BTC at most because of the skyrocketing difficulty. If you pay (or recently paid) 0.24 BTC per GH/s, you are going to lose money.

Ok, thanks for the advie. But I did do a bit of research and appearently its legit. I bought 0.42 gh/s with some left over btc I had. Just to try it out. But why would you say it would not be worth at around 0.24? I payed 0.22 btw.

[dragonkid]

I have around 100-150 dollars and was wondering what would be the best thing to get.

That is not enough money to get a decent miner. If I am you, I would buy btc using that money, and put it at mcxNOW exchange, and buy mcxFEE. You will get some decent returns. Then use the money you get from it, to invest in trading with other currency. I managed to get 7600% in a week!! That is much more than you can mine.

So if you got $150, if you know what you are doing in the currency trading, you could get $11400 in a week.

[cowandtea]

100-150$ too low for a mining rig, unless you wanna buy USB eruptor block which I don't recommend (too expensive for price per g/s). Or you can follow MRKLYE advice to buy hash from cex.io instead, it seems cheaper.

[odolvlobo]

I estimate that 1 GH/s is worth about 0.2 BTC at most because of the skyrocketing difficulty. If you pay (or recently paid) 0.24 BTC per GH/s, you are going to lose money.

Ok, thanks for the advie. But I did do a bit of research and appearently its legit. I bought 0.42 gh/s with some left over btc I had. Just to try it out. But why would you say it would not be worth at around 0.24? I payed 0.22 btw.

The difficulty is rising quickly and 1 GH/s will mine less and less. My estimate is that the total revenue from a 1 GH/s miner will be less than 0.2 BTC (much less now that the difficulty has risen by 30%), and you paid 0.22 BTC. For example, if the difficulty continues to rise 30% each period for the next three months, here is the revenue from 1 GH/s over that time:

Period	Revenue (BTC)	Cumulative Revenue (BTC)
130	0.0372	0.0372
131	0.0286	0.0658
132	0.0220	0.0878
133	0.0169	0.1047
134	0.0130	0.1177
135	0.0100	0.1277
136	0.0077	0.1354

After 3 months you are only 1/2 half way to breaking even, but notice that the revenue is dropping. It is dropping fast enough that you will never break even.

[b!z]

USB Block erupters if you just want to mine for fun.

[Dabs]

USB Blue Furies, for 8 times the fun. hehehehe. Still won't ROI. But that hasn't stopped people from buying 50+ from me.

[fattypig]

Buy Bitcoin then do nothing, also make sure you set a very very long password that you remember.