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Author Topic: Great estimation tools for buying a miner  (Read 1118 times)
Ommid (OP)
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November 20, 2013, 08:09:32 AM
 #1

Hello

The following tools would help you estimate your miners' profitability by considering difficulty, hardware price, electricity consuption and so on:

http://bitcoinwisdom.com/bitcoin/calculator

I do recommend it before buying any miner. Besides you should bear in mind that the current BTC/USD ratio could be by all means bubblish as it was around 7 months ago that the price raise to 250USD and fell to 60USD.


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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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ooTiGeRoo
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December 20, 2013, 05:38:42 PM
 #2

+1 to these calculators.

I've had people ask me if it's worth it for them to get into and I always point them to such websites.

The genesis block calculator is also a good one.

Unfortunately with bubbles,  the ROI can be as quick as 3 weeks when LTC was $50+. Now it's nowhere near that.
Crypto Rigs
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December 20, 2013, 07:11:10 PM
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I use the genesis block calculator and it's very helpful.

It's mind blowing the amount of hashing power that has increased over all the cryptos lately.

I can't even expand my rigs as there are no cards to buy and the ones that are for sale are selling for above RRP. But, that's how Supply and Demand works.

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December 20, 2013, 09:56:44 PM
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thanks very useful
ondar82
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December 24, 2013, 08:33:26 PM
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great tool, thx :-)
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December 27, 2013, 12:51:16 AM
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Thanks it is very useful tool
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