Got $200-300 to spend on mining hardware

[orcanice]

What should i buy? or should i do something else?

[SquashJ]

Check out this blog post. It's a 330 MH/s mining rig for around $130 which is pretty cool. It's just a Raspberry Pi and some necessary accessories, such as a powered USB hub, hooked up with a 330 MH/s USB miner. You can easily get a powered USB hub with 7+ ports at an affordable price, and the USB miners are going for about $20 on the BTC Guild website, so you could get maybe 7 of them and be mining at about 2.3 GH/s. If you pick the right mining pool, and give appropriate consideration to factors like power consumption, it might be something to look at. However, the last time I regularly mined was about 7 months ago, so I can't speak for how worthwhile it'd be nowadays.

[Gabi]

Buy nothing! And especially don't waste 130$, or even 1$, on that thing. Return of investment (ROI) will never happens, difficulty is almost at 200 millions and keep increasing very fast

At today difficulty with 330mh/s you will make less than 0.75$ per week   Not even enough to pay the electricity consumption for that thing

Same apply to all other mining hardware, even recouping from expenses is impossible.

[AndrewWilliams]

You will get three types of answers here:


A. Do not bother to buy anything, as it will not ROI.

B. Buy Bitcoins, they will rise overtime.

C. Buy XYZ miner.





Sadly, only A and B are correct, C is nothing more but a dream.

[SgtSpike]

Buy bitcoins, don't buy mining rigs.

[pontiacg5]

Some people think mining isn't profitable and defend that position to the death, and most of them are right.

But I mine, and I've turned a little bit of a profit.

Spending $130 bucks on 333mh/s is no way to start though. I'm afraid you'll need to do your own research there. Search for bitcoin mining calculators on google, I really like the Coinish one because it calculates off of predicted difficulty if you use the "expert" mode.

[orcanice]

well i have free electricity.


i wanna try it out to see what it is.. i now i never will earn the $300 back. thats why i did set it as a limit.

[pontiacg5]

Your best bet for ~$300 are USB block eruptors or some of the new gh/s usb miners.

Electricity is (pretty) insignificant when talking USB asics.

[MoneyMorpheus]

well i have free electricity.


i wanna try it out to see what it is.. i now i never will earn the $300 back. thats why i did set it as a limit.

If you have free electricity you should mine altcoins with gpus, roi should be somewhere around 200-360 days for just the gpus (if exchange rates remain static)(not considering motherboards / ram / hd / processor / psu or electricity costs) And if you get tired you can sell your equipment used...

[orcanice]

Which GPUS will be best for that.. but im also looking into bitcoin mining.. i my problem is i dont know what hardware to buy.

[MerchantMiner]

What should i buy? or should i do something else?

buy $300 in bitcoins dont mine them , or a 13Ghash Blade?

[orcanice]

the 13gh/s blades is way more than my $300 limit.

[Samir_H]

Which GPUS will be best for that.. but im also looking into bitcoin mining.. i my problem is i dont know what hardware to buy.

For 300$ you can get only one Radeon 7970.
I'm not sure it's worth buying it but you say you want to try mining so it's up to you.

[cp1]

Buy bitcoins and use ~ 0.12 BTC to buy a block eruptor, just to get the experience.  Hold the rest.

[cp1]

Can you tell me more about this?
If I invest 2000$ dollars how much bitcoin I could mine in 1 year?

Thanks in advice

About $500 worth

[desired_username]

Buy bitcoin instead.

If you want to take part in mining as a passion, get a Block erupter USB for around 10-30$.

[pontiacg5]

Or you could do some of your own research and figure it out for yourself instead of trusting your money and investments to random strangers on the internet.

Or whatever, maybe I'm just old fashioned 

[yayayo]

Buy bitcoins and use ~ 0.12 BTC to buy a block eruptor, just to get the experience.  Hold the rest.

Most reasonable advice. If you want to mine do it for the fun... but do not expect huge profits from it (needs much larger investment).

Do not forget to participate in the bitcoin economy by offering goods and services. This is fun, too.


ya.ya.yo!

[fattypig]

Use the online bitcoin calculator with step up difficulty to get your ROI, most likely it is negative. So just buy Bitcoin and keep

[monbux]

I'd suggest you mine alt-coin, I know that there was a mining profitablilty calculator there somewhere, comparing alt coins to bitcoins.  Diamond was like 300%+ more profitable.  Anyways, even if you do have electricity, it would take a long time for your ROI to reach, if it even does.