Some advice for a newbie

[Polishgonewild]

So my buddy and I are planning on getting into the mining game finally. We believe that prices will keep going up or stay around the same price as they are now.

We were looking at paying 6k for 2x BFL 50gh/s miners, which after looking at the prices on forums and not eBay, we realize we dodged a bullet.

Now we're looking at an Avalon 85gh for around $2.5k.

Does anybody have any opinions for us? 

[CrypticWritings]

buy a used knc miner

[CondemoRes]

the usb miner are much more fine

[Polishgonewild]

buy a used knc miner

Could you elaborate on what model etc? Please and thank you!

[Kail]

Hi dude,

I would be hesitant to purchase anything below 100gh/s mark for bitcoin. Bitcoin network is growing exponentially and with all the terra hash miners coming into play Q1/Q2 next year you will be making your power costs if not a loss, plus future proofing isn't a bad thing.

However that said there is an absolute array of other SHA-256 crypto currencies which may be profitable with a unit like the one you are looking at in the long term.

You can still get in a share of bitcoin if you can get the units in hand ASAP, you could get 50-80 USD a day but as the network hash rate increases your profitability will decline. Check out Coinwarz for profitability and they link in heaps of the alternative crypto-currencies.

Just be wary if it will take a month to pay off the unit because the exponential network strength rate vs exchange rate can throw your estimates off wildly. Always account for the worst case scenario!!!!!!

I hope this helps and best of luck with your mining endeavour.

[CrypticWritings]

I would go with a Jupiter or a Saturn. Jupiter is 550 ghs, Saturn is 275 ghs.

[mistermxyzptlk]

Can i mine on a 10 year old pc?

[JulyBuyer]

Good luck with you and your friend, pretty hard to mine now

[Itun]

My advice… pre-order Butterfly Labs 28nm cards (300GH/s for $2,800 or 600GH/s for $4,680.00), then use the rest of the money to start cloud mining in the meantime. I run CEX https://cex.io/r/1/magicmustang/0/ which is free to sign up and you pay market value for your GH/s. Check it out…

If I were you, I would stay away from BFL.

They just had too many instances where they didn't keep their delivery date promises.

So by the time you get your device, the gh might be too low for the difficulty that you probably won't get your invested amount of money back.

Also, cloud mining on cex.io is almost useless.

Their price per gh is too high...

[torusJKL]

With BFL... yea they have slow product movement, but they also have the best deals and their products work. By the time he gets his 600GH/s miner he will be on par with the other beginners.

They price is only good if you would receive the product now.
If they again miss deadline after deadline then you would have been much better of buying bitcoins.

[knight1027]

What's the word on the Butterfly Labs graphics card that costs like 4.6k and mines at 500 gh/s?  I saw it was due to ship the first order in the fall, did anyone ever have success with one?  if so, those would be great but i bet theyre riddled with problems...

[Sparky_eMunie]

It does not matter which ASIC you buy. Delivery time matters. Most Asics are not in stock, so after you've paid you will wait weeks or months for delivery, while the BTC difficulty rises.

[ruf_xu]

the usb miner