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Author Topic: Mining with <$500 for Fun?  (Read 5117 times)
ssl303 (OP)
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November 09, 2013, 06:43:32 AM
 #1

I'm looking to mine for fun with around $500. Which is the best option, 2xasicminer blades? I live in US.
This is strictly for fun, not to necessarily make profit, so advice not to buy or buy btc on exchange don't count. Smiley
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November 09, 2013, 09:51:14 PM
 #2

I'd go with Blades.
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November 09, 2013, 10:08:20 PM
 #3

Blades are a lot of fun with low maintenance.  I have to admit i did like the days of USB's lighting away though.  Since hubs + usb's are sold out on sets i believe on group buys i would do blades.
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November 09, 2013, 10:14:37 PM
 #4

I'm looking to mine for fun with around $500. Which is the best option, 2xasicminer blades? I live in US.
This is strictly for fun, not to necessarily make profit, so advice not to buy or buy btc on exchange don't count. Smiley

Bluefury is what you want. Asicminer blade use too much power consumption.
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November 09, 2013, 10:59:42 PM
 #5

I'm not sure how losing lots of money could be fun.  It'll take you forever to generate 1 BTC for $500 because ASIC developers and resellers are greedy, even during these exploding difficulty times.  Where if you catch the possible upcoming correction you could get more BTC for that money and watch it grow over time.  That seems more enjoyable to me.

You can spend a lot less money if you just want to learn how to mine with a shitty USB stick or something.
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November 09, 2013, 11:47:57 PM
 #6

Might want to consider the new USB sticks like the red fury one.  I'd imagine asicminer will be putting out new upgraded ones before too long too.

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ssl303 (OP)
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November 10, 2013, 12:14:50 AM
 #7

It seems like fury is $100 for 2.6gh, but blade is $200 for 10gh... Wouldn't blade be better?
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November 10, 2013, 01:14:57 AM
 #8

I'm looking to mine for fun with around $500. Which is the best option, 2xasicminer blades? I live in US.
This is strictly for fun, not to necessarily make profit, so advice not to buy or buy btc on exchange don't count. Smiley

Just buy 1 USB erupter for fun... don't spend $500 since you won't make your money back...
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November 10, 2013, 01:38:14 AM
 #9

If you buy 2 blades with that amount and you use your 20GHps, you should mine around 0.00197 BTC per day and it will take you 50 days to mine a bitcoin, at current difficulty level.
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November 10, 2013, 01:55:25 AM
 #10

Why not buy a gpu or two if it's for fun? You can even play games simultaneously with it, and the heat output is useful in winter. Also you can resell it if you want out.


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November 10, 2013, 11:05:21 PM
 #11

Why not buy a gpu or two if it's for fun? You can even play games simultaneously with it, and the heat output is useful in winter. Also you can resell it if you want out.

This is the best option
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November 10, 2013, 11:45:08 PM
 #12

i would buy BTC with 500 $ for fun and sell it by higher price just for fun Smiley

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November 10, 2013, 11:54:13 PM
 #13

Does anyone know how many BTC $500 will generate per day?

I highly suggest doing your own math.  Difficulty increase is the unknown, but it is guaranteed to keep going up.

For the money the best current option that you can get is blades.  I wish the Bitfury usb was lower priced, but i still say go with blade for 10 ghz and pay more electricity unless your electricity is extreme.   Right now 2 btc for 2 blades and use old power supply. If better option for under 500 dollars i would like to know aswell. 

Once next gen chips are in more mass production it will obviously change drastically.
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November 11, 2013, 01:50:14 AM
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Does anyone know how many BTC $500 will generate per day?

You can search for online calculator, but the revenue drop about 20-30% every 11 days... So good luck...


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November 11, 2013, 05:42:32 AM
 #15

Cex.io at .09 BTC per 1GHs hashing power it's close to the best mining power bang for your BTC. This way you can hopefully recover most all of your investment as well instead of being stuck with hardware you can't get rid of.

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November 11, 2013, 10:06:22 AM
 #16

i would buy BTC with 500 $ for fun and sell it by higher price just for fun Smiley

Thank you that one made me laugh good!

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November 11, 2013, 03:31:54 PM
 #17

Does anyone know how many BTC $500 will generate per day?

You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 Smiley...
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November 11, 2013, 11:46:31 PM
 #18

Does anyone know how many BTC $500 will generate per day?

You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 Smiley...

you can make profit with 500$  as you can make with 5000$ ROI is the same if you buy 1 or 6 GPUs
or GHs on the market

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November 13, 2013, 01:23:45 PM
 #19

Does anyone know how many BTC $500 will generate per day?

You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 Smiley...

you can make profit with 500$  as you can make with 5000$ ROI is the same if you buy 1 or 6 GPUs
or GHs on the market

But the problem is none the mining equipment is profitable even if it is 10000$...
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November 14, 2013, 11:39:18 PM
 #20

Does anyone know how many BTC $500 will generate per day?

You should ask if you can make any profit... whats the point if you spend $500 and you only get back $250 Smiley...

you can make profit with 500$  as you can make with 5000$ ROI is the same if you buy 1 or 6 GPUs
or GHs on the market

But the problem is none the mining equipment is profitable even if it is 10000$...


 I am thinking about ROI theese days when BTC hits 400 + $


Many equipment can ROI and still you can earn a huge amount of money if you wait for BTC increases but if you  are selling it now you cant earn anything

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