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gary492 (OP)
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November 02, 2013, 03:14:04 AM |
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should i buy a 60 Gh/s Butterfly Labs Single right now for 1,000 would i make my money back in a week?
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I will buy your old broken or used iphone or Samsung Galaxy for Bitcoins or Litecoins Send me a PM Check out www.mojavecryptoshop.com for iPhone repair and Replica beats for Dogecoins and Bitcoins |
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Random8
Newbie
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Activity: 31
Merit: 0
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November 02, 2013, 03:59:03 AM |
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should i buy a 60 Gh/s Butterfly Labs Single right now for 1,000 would i make my money back in a week?
No, and no. -R8 |
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gary492 (OP)
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November 02, 2013, 04:15:04 AM |
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should i buy a 60 Gh/s Butterfly Labs Single right now for 1,000 would i make my money back in a week?
No, and no. -R8 have u looked at a bitcoin calculator |
I will buy your old broken or used iphone or Samsung Galaxy for Bitcoins or Litecoins Send me a PM Check out www.mojavecryptoshop.com for iPhone repair and Replica beats for Dogecoins and Bitcoins |
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Bicknellski
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November 02, 2013, 05:33:57 AM
Last edit: November 02, 2013, 06:06:02 AM by Bicknellski |
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should i buy a 60 Gh/s Butterfly Labs Single right now for 1,000 would i make my money back in a week?
No, and no. -R8 have u looked at a bitcoin calculator Why did you ask the question? No... means no, and no and no means no and no. |
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Rluner
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November 02, 2013, 07:29:50 AM |
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I too wanted to just reply no, no, no, no etc etc.
However as that's already been said and it clearly wasn't the answer you wanted, so I ran some calculations on the above link as that's a lot better than your 60 gh for $1000 at; 30 - 38 gh per $400 Ish.
I assumed you want to buy it to make money and not to heat your room or for fun etc
I also assumed zero electric costs as you didn't say your situation.
Given current difficulty at 390 m and pool fees at 2%, current increase in difficulty of 110% per month and $200 per BTC, if you took delivery on Nov 1st ie yesterday , and not mid Nov, the numbers say you will make $150 in a year.
In summery if you want to have fun mining or heating you room then yes yes yes, but if you are looking for a ROI (return on investment) then no, no, no and no.
Maybe you should consider just buying BTC with the money and see if it rises or falls in value.
Whatever you decide I wish you all the best.
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Noogsy
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November 02, 2013, 12:16:37 PM |
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+1 Not! I you can buy it for 5$ then yes  |
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Cheers
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high110
Sr. Member
Offline
Activity: 728
Merit: 253
A Blockchain Mobile Operator With Token Rewards
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November 02, 2013, 01:13:37 PM |
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Check out cointerra and pool your money with some friends to buy a 2.THS for $6k (January delivery). You can also cloud mine and then just sell your GHS whenever you want - check out my signature below.
Everyone is right, do not buy BFL for 1k!! I just recently got a refund.
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Xian01
Legendary
Offline
Activity: 1652
Merit: 1067
Christian Antkow
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November 02, 2013, 06:32:56 PM |
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Don't pay more than ~$725 dollars for this item.
I would recommend you just avoid anything related to Butterfly Labs altogether.
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high110
Sr. Member
Offline
Activity: 728
Merit: 253
A Blockchain Mobile Operator With Token Rewards
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November 02, 2013, 07:29:39 PM |
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Agreed - don't touch them with a yard stick.
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Lucky - Luciano
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November 03, 2013, 12:21:12 AM |
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No and no! Butterfly labs is scam,scam,scam...
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Gumbork
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November 03, 2013, 01:23:26 AM |
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should i buy a 60 Gh/s Butterfly Labs Single right now for 1,000 would i make my money back in a week?
Don't do it, the difficulty going to increase another 40% in few days time.... |
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Radelderth
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November 03, 2013, 01:53:10 AM |
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No please, don't buy anything with the tag Butterfly... they will never repair your hardware....
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Rluner
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November 03, 2013, 08:13:43 AM |
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pinger
Legendary
Offline
Activity: 1512
Merit: 1001
Bitcoin - Resistance is futile
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November 03, 2013, 08:34:50 AM |
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Don't invest in minery unless you want to loose money. Yesterday I sold my BFL 5 gh for 150 € loosing money, and still I was scamming my friend ( He wants to mine and wants to spend 200 € on USB sticks miners, so I prefer to scam my friend myself before other do), I told him I was scamming him, that there is not possible ROI, but he wants it anyway.
I think OP is in the same way, he wants to mine even if he loose money, he is just waiting somebody says a yes even if it is wrong, let them mine. Somebody clever will recover 1000 $. You can get a few good Bitcoins with 1000$ now, who knows in a few weeks.
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For rent
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cassimares
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November 03, 2013, 09:54:08 AM |
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No, most likely you won't even break-even 50% of what you paid...
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imamanandyou
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November 03, 2013, 10:05:22 AM |
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should i buy a 60 Gh/s Butterfly Labs Single right now for 1,000 would i make my money back in a week?
No, and no. -R8 have u looked at a bitcoin calculator Funny if you really think you can make your money back in a week. Only if BTC price starts skyrocketing tommorow |
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Puppet
Legendary
Offline
Activity: 980
Merit: 1040
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November 03, 2013, 11:12:40 AM |
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should i buy a 60 Gh/s Butterfly Labs Single right now for 1,000 Since you are not new to mining, and you have to ask such a question, the obvious answer is: yes, you should buy one, heck, buy 10, and you will fully deserve the outcome. |
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FeedbackLoop
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November 03, 2013, 12:32:22 PM |
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have u looked at a bitcoin calculator
If it wasn't for this I would say with 100% certainty that OP was trolling. There are a lot of calculators in the wild with per year decreases in profitability. This one even has BFL ads. lol: http://www.bitcoinx.com/profit/Default 60% decrease of profitability per year....  |
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pinger
Legendary
Offline
Activity: 1512
Merit: 1001
Bitcoin - Resistance is futile
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November 03, 2013, 12:44:40 PM |
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have u looked at a bitcoin calculator
If it wasn't for this I would say with 100% certainty that OP was trolling. There are a lot of calculators in the wild with per year decreases in profitability. This one even has BFL ads. lol: http://www.bitcoinx.com/profit/Default 60% decrease of profitability per year.... I got 400 % decrease in a month, are you sure this is right? First week, 0.019 per day. Second week 0.01. Third Week 0.016 every two days. Fourth week. 0.016 every 3 days. With a BFL Jalapeno 5 Ghs. The best day, yesterday 1 BTC, when I sold it to a friend who wants to mine at any price. |
For rent
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Golph
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November 03, 2013, 01:53:29 PM |
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have u looked at a bitcoin calculator
If it wasn't for this I would say with 100% certainty that OP was trolling. There are a lot of calculators in the wild with per year decreases in profitability. This one even has BFL ads. lol: http://www.bitcoinx.com/profit/Default 60% decrease of profitability per year.... It should be 30% profitability reduce per 11 days... Based on 40% difficulty increment... |
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