What Beginner Hardware for $1000?

[ford0415]

So, I'm new to BTC mining, I've only been doing it for three days. I've been using my GeForce GTX 560 Ti and I purchased a block erupter off of Amazon. I'm currently hashing at around 420Mh/s and would love more hashing power.

I've got a maximum budget of $1,000 for hardware, and cloud based services aren't an option. Are there any recommendations on hardware that could potentially pay for itself in 1-2 months with a good ROI? All the hardware I've seen is extremely expensive, preorder, etc.

[Bugpowder]

Buy a coin.

[ford0415]

I use to play the stock market, and the idea has crossed my mind to purchase a BTC.

[xzempt]

holding a coin is no fun....  buy a backplane and some blades

[ford0415]

Any recommendations on backplanes / blades?

[vpasic]

You can't do anything with $1000.
Blades and erupters will never earn anything anymore!

[ford0415]

I may be looking at the wrong calculator (the one provided on slush's pool), but with 100Gh/s that's roughly $2,100 /mo. for the current difficulty. Is this not correct, or am I looking at it wrong?

[jeppe]

The diff will rise and the money the calculator gave u is not correct at all. U need to add a % for each month that the diff will go up.

[ford0415]

The calculator shows the difference for when the difficulty rises (it's on the right side), so this isn't an accurate calculator? Any recommendations on profit calculators?

[BaalMcKloud]

The calculator shows the difference for when the difficulty rises (it's on the right side), so this isn't an accurate calculator? Any recommendations on profit calculators?

http://bitcoinwisdom.com/bitcoin/calculator this ... ?!
https://www.cex.io/calc or this... ?!

[chaosknight]

So, I'm new to BTC mining, I've only been doing it for three days. I've been using my GeForce GTX 560 Ti and I purchased a block erupter off of Amazon. I'm currently hashing at around 420Mh/s and would love more hashing power.

I've got a maximum budget of $1,000 for hardware, and cloud based services aren't an option. Are there any recommendations on hardware that could potentially pay for itself in 1-2 months with a good ROI? All the hardware I've seen is extremely expensive, preorder, etc.

Erm, geforce gx 560 is for gaming and not mining.. You are wasting your electricity and spoiling the card..

[StefanThePro]

geforce gx 560 is for gaming and not mining.. You are wasting your electricity and spoiling the card..

Agreed^

I understand your enthusiasm, I have several GTX cards in several of my gaming PCs, but they will never become Mining rigs, because they have no Hashrate capabilities whatsoever.

You'll need to search ebay and the marketplace to be successful in your mining endeavours..

Also note that hardware prices have skyrocketed lately, sometimes by several hundred percent over the prices of only 2-3 weeks ago, so be aware of what you're actually getting.

The bitcoinwisdom calculator is good.

[bigb159]

holding a coin is no fun....  buy a backplane and some blades

I tend to agree, but it's impossible to get this set up at a break-even price.

[philipma1957]

So, I'm new to BTC mining, I've only been doing it for three days. I've been using my GeForce GTX 560 Ti and I purchased a block erupter off of Amazon. I'm currently hashing at around 420Mh/s and would love more hashing power.

I've got a maximum budget of $1,000 for hardware, and cloud based services aren't an option. Are there any recommendations on hardware that could potentially pay for itself in 1-2 months with a good ROI? All the hardware I've seen is extremely expensive, preorder, etc.

   send me a pm  I will sell you a set of 3 block erupters and a good hub at prices that are not stone cold ripoffs.


 I will help you setup at bitminter.com or cex.io    and explain a simple reinvestment strategy .  

 the bottom line for right now is most gear is crazy over priced.  

1ghs at cex.io is .085 btc  and that is about 70 usd for 1 ghs.  

 if you can get 4 am sticks for 80 bucks.  and a good hub for 30 bucks  you are close to the price at cex.io.  most people here will tell you it is all too much money.  buy a coin.  

  other options are  buy  a share from here

https://bitcointalk.org/index.php?topic=335145.0


I would advise a mix.   buy a coin   use half to hold use some for cex.io use some for a little gear at home use some for a share from dz coop

[Tommygun]

I got blades with backplane (around 11ghs per one) for about $1k, 110 GHs will pay itself very soon, I hope

[SolarWindMiningCompany]

This is the way of the future DIY ASIC: THE WASP.