Block erupters absolutely waste of money now?

[Wendigo]

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

And how exactly buying hashing power over at Cex is any better? Do you have any numbers to back this up?

I have 5 gh/s at Cex.io for around 350$.
I will leave the googling for Red Fury prices and mathematical equations to you my friend 

[niothor]

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

And how exactly buying hashing power over at Cex is any better? Do you have any numbers to back this up?

I have 5 gh/s at Cex.io for around 350$.
I will leave the googling for Red Fury prices and mathematical equations to you my friend 

LOOOOOOL
70usd/GH.
You must be joking.

[Wendigo]

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

And how exactly buying hashing power over at Cex is any better? Do you have any numbers to back this up?

I have 5 gh/s at Cex.io for around 350$.
I will leave the googling for Red Fury prices and mathematical equations to you my friend 

LOOOOOOL
70usd/GH.
You must be joking.

And what is the funny thing here dude?
Which asic are you using?

[niothor]

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

And how exactly buying hashing power over at Cex is any better? Do you have any numbers to back this up?

I have 5 gh/s at Cex.io for around 350$.
I will leave the googling for Red Fury prices and mathematical equations to you my friend 

LOOOOOOL
70usd/GH.
You must be joking.

And what is the funny thing here dude?
Which asic are you using?

I've gone with Knc.You can do the math at least once.
But it's 7 times cheaper.

[dustofdeath]

And what will you do with that knc when its profitability drops down due to  difficulty?

Also  it expects you to spend way larger amount - 5-10k usd to get them. Not everyene has that fortune to spend for a miner.

In case of cex - you can just sell the ghs back later and get  the money back - altho perhaps 15-30% less depending of the market fluctuations.

You dont need to pay for maintenance or power nether - which can be quite alot o nsome areas (for example its ~0.14€ /kwh here).

CEX also does  merged mining  - more then just btc.

ne knc thats shipping soon: 12,995 3ths = 4$/ghs. BUT thats the next gen hardware - when they ship out the whole price at cex woudl chaneg aswell. KNC dont have old ones listed so dont recall how much it was  per ghs (10$?).

The cex price onl ywent up in the last few weeks.. it was cheaper before.

[PenAndPaper]

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

And how exactly buying hashing power over at Cex is any better? Do you have any numbers to back this up?

I have 5 gh/s at Cex.io for around 350$.
I will leave the googling for Red Fury prices and mathematical equations to you my friend 

Seriously? you are happy with 350$ for 5gh/s? I 'm not talking in favor of red fury or any other physical miner whatsoever because they are all overpriced.
Just think how many bitcoins your 5gh/s will ever mine for you...

[niothor]

And what will you do with that knc when its profitability drops down due to  difficulty?

Also  it expects you to spend way larger amount - 5-10k usd to get them. Not everyene has that fortune to spend for a miner.

In case of cex - you can just sell the ghs back later and get  the money back - altho perhaps 15-30% less depending of the market fluctuations.

You dont need to pay for maintenance or power nether - which can be quite alot o nsome areas (for example its ~0.14€ /kwh here).

CEX also does  merged mining  - more then just btc.

ne knc thats shipping soon: 12,995 3ths = 4$/ghs. BUT thats the next gen hardware - when they ship out the whole price at cex woudl chaneg aswell. KNC dont have old ones listed so dont recall how much it was  per ghs (10$?).

The cex price onl ywent up in the last few weeks.. it was cheaper before.

cex is affected just the same , income will be lower with difficultry rise
Also what stops me from seeling the machine?

The problems people don't see it with cex is simple.

They are mining  coins and willing to sell you GH that will make you a profit.
Why even bother selling those GH when they could keep the coins for themselves?
Because they sell it at prices that will get higher revenue than just mining. Guess who got the short end of the stick ?

Also , you do pay fees on cex .

[dustofdeath]

the fees are astronomically small tho. compared to anything you would play for your own mining.


yeah you can sel lyour knc -  but how much of the original value do you get for it in a year? With new asics  that are 2-3x  more powerful for the same cost - you lose 2-3x of your old asics price.

Also.. there isnt any middle speed alternatives on the market - ether get stupidly expensive 333mhs blockerupters or 150+ghs  rigs.

Anythign in the middle at normal price was ether sold out ages ago or is scamworthy expensive.

Im at leats minign for pure profit at cex.. 0.04 btc paid in.. a month ago then a bit mroe bought for what i mined for it. and  the rest from referrals - so 0.6ghs - with 0.14  that i paid for. So pure profit this far.

[niothor]

the fees are astronomically small tho. compared to anything you would play for your own mining.


yeah you can sel lyour knc -  but how much of the original value do you get for it in a year? With new asics  that are 2-3x  more powerful for the same cost - you lose 2-3x of your old asics price.

Also.. there isnt any middle speed alternatives on the market - ether get stupidly expensive 333mhs blockerupters or 150+ghs  rigs.

Anythign in the middle at normal price was ether sold out ages ago or is scamworthy expensive.

Im at leats minign for pure profit at cex.. 0.04 btc paid in.. a month ago then a bit mroe bought for what i mined for it. and  the rest from referrals - so 0.6ghs - with 0.14  that i paid for. So pure profit this far.

I won't brag about the revenues of my miner.
But .. I bought it at 10usd/GH , the guy bought cex it at 70usd/gh.
Where does he have to sell not to loose to much and where do I have to?
Currently even after all this mining , I can still sell my miner on ebay with more than I bought it for.

[dustofdeath]

you can literally sell your ghs back at the cex itself -  and keep the mined btc ,dvc, nmc, ixc coins.

[DeboraMeeks]

More of for-fun now,you can get some for 0.035 but it won't be profitable or even ROI with the current difficulty and it's hash power. maybe using it to mine other alt-currencies might produce some profit?

[Mitron]

Yeah, they are worthless, you can just send them all to me and I'll bury them for you.

I actually got 6 of them for $40 a couple months ago (2 given to me and 4 I bought for $10 each).  The BTC they mined allowed me to get 5 more and a 10 port hub.  I now have 11, a hub, a USB Fan and about 0.11 BTC.

I would like to get about 4 more to make a 5GH/s rig, but no way am I paying more than $15 each.  With the outrageous prices on Amazon and Ebay, I'm seriously thinking about selling the entire rig.  Buying for $10 and selling for $149 sounds like a no brainer,  but sadly I have a conscience and have never been a very good salesman.  I just wonder how many they are actually selling at those prices, seems insane to me.

[raporeyiz]

More of for-fun now,you can get some for 0.035 but it won't be profitable or even ROI with the current difficulty and it's hash power. maybe using it to mine other alt-currencies might produce some profit?

yes

[PenAndPaper]

Also.. there isnt any middle speed alternatives on the market - ether get stupidly expensive 333mhs blockerupters or 150+ghs  rigs.

Anythign in the middle at normal price was ether sold out ages ago or is scamworthy expensive.

It's true that cloud mining brings something new to that. It provides flexibility in the ways you can lose your money. Kudos 

[krpz]

Can i use them to mine alternative cryptocurrencies?

[dustofdeath]

cloud services no.. there are few alt coins that use sha256

[dustofdeath]

you can literally sell your ghs back at the cex itself -  and keep the mined btc ,dvc, nmc, ixc coins.

With new asics that are 2-3x more powerful for the same cost - won't you lose 2-3x of your old ghs price?

thats why you may want to sell before that and buy again after they have become common and price drops.

[romerun]

not if you point it to PPC

[pand70]

you can literally sell your ghs back at the cex itself -  and keep the mined btc ,dvc, nmc, ixc coins.

With new asics that are 2-3x more powerful for the same cost - won't you lose 2-3x of your old ghs price?

thats why you may want to sell before that and buy again after they have become common and price drops.

Once ASICs become common and price drops, I plan on buying ASICs.

Still waiting, though. It might be quite a while before the Moore's law reaches its limit.

Moore's law isn't a nature's law or something. It's just an observation that happens to work for now. Just saying ...

[pand70]

New Cloud Mining,no hardvare,no setup,only web browser    https://probitcoin.in/index.php?refer=baticabre

Let me fix that for you:
New Cloud Mining, referral link, no hardvare,no setup,only web browser