Bitcoin Forum
November 11, 2024, 03:24:12 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Is it a good idea to buy a 100GH/s asic that will ship in february  (Read 2397 times)
kafka (OP)
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
December 03, 2013, 03:47:34 AM
 #1

I missed the Bitcoin boat, even though I new about it in 2011, I didn't pay much attention to it. Bought a couple of coins at a peak, thinking of mining now. I found a chinese company selling 100 GH/s asics at a relatively cheap price but they will ship only in february. By that time there is a possibility that even 100 GH/s will be useless. So I wanted to ask if that would be the case or is it still worth buying asics?. I can't afford those ASICs that have > 1 TH/s though they might be cheaper on a per giga hash basis.
pjviitas
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
December 03, 2013, 06:25:58 AM
 #2

All ASIC hardware is expensive right now because the ratio of bitcoin value to difficulty is high...its a bad time to get in.

I would suggest gpu mining for one for one of the altcoins.

At the end of the day whatever kind of mining you can do supports the network even if you don't make much of an ROI
DrG
Legendary
*
Offline Offline

Activity: 2086
Merit: 1035


View Profile
December 03, 2013, 08:39:48 AM
 #3

I missed the Bitcoin boat, even though I new about it in 2011, I didn't pay much attention to it. Bought a couple of coins at a peak, thinking of mining now. I found a chinese company selling 100 GH/s asics at a relatively cheap price but they will ship only in february. By that time there is a possibility that even 100 GH/s will be useless. So I wanted to ask if that would be the case or is it still worth buying asics?. I can't afford those ASICs that have > 1 TH/s though they might be cheaper on a per giga hash basis.


Every hash that is not in the hands of some large pool or user makes BTC stronger and more resilient.

You will not make a profit from the device, but you will strength the currency.  Buy some coin and if you have leftover money then buy the device (think of it as buying a safe for your gold or silver).
ajax3592
Full Member
***
Offline Offline

Activity: 210
Merit: 100

Crypto News & Tutorials - Coinramble.com


View Profile
December 04, 2013, 06:25:59 PM
 #4

Will not get you the ROI, difficulty will be much higher by then.

Crypto news/tutorials >>CoinRamble<<                            >>Netcodepool<<                >>My graphics<<
crocko
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1000


'All that glitters is not gold'


View Profile
December 06, 2013, 09:26:25 AM
 #5

Buy coins, all type of coins (PPC, TRC, LTC, FTC ...) not only BTC. Wait for the price to raise then trade.
More safe, more profit ! Wink

Find my posts helpful? Click my Trust link and rep me!
BTC: 1MqUxoDQE8Q88sDvoaLMbBJSMToSfPgKSy  DOGE: D61Na9wjuneAn9GFLRNrHgWHHFwVfd1T7y  LTC: 3Luo136zrqkCi53jT72FEY52GbwW1ZYi6X
jamesc760
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
December 06, 2013, 07:18:17 PM
 #6

100GH/s currently will get you less than 0.1 btc a day; by January rolls around, you will get much less than that. Buy btc directly and hold it. Much safer, and guaranteed profit.
BitcoinDenvini
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
December 07, 2013, 10:22:39 PM
 #7

Buy BTC and hold.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!