Does BTC need to be over $2,000 in 2014 for mining to be profitable?

[coins101]

Can anyone new make a profit mining in 2014?

I looked up the specs on the new 3,000 GH/s Neptune from KncMiner and thought that it would make a great purchase. But when you try to work out the ROI, the numbers don't work unless BTC gets somewhere close to $2,000, you get the unit next week or you have solar panels.

$2,000 is possible, but that's a real speculative play given the $1,200 to $750 fall in the past few days.

http://mining.thegenesisblock.com/a/c7d1b8bf04

Which is the way to go?

[Lauda]

Actually from the looks of it, it has to be in the $3000-$4000 range for neptune to ROI.

[bobsmoke]

Actually from the looks of it, it has to be in the $3000-$4000 range for neptune to ROI.

I could be completelly wrong but if the coin price will be 500 USD and the Difficulty goes to 3 Billions by the time Neptunes is delivered,  i think you will have ROI in +/- 2 months

[Baldershymn]

Depends on the value of dollar also... Anything may happen to its value..

[Barek]

Let me guess. You all pay different amounts for electricity.

Let's throw around more numbers!

[wmcleod]

Let me guess. You all pay different amounts for electricity.

Let's throw around more numbers!

1.21 jigawatts.

[An amorous cow-herder]

Can anyone new make a profit mining in 2014?

Depends on what the prices for BTC are, when the machine is shipped, and, ofc, how many boxes actually ship till then.
Possibly if you pre ordered early and get a batch 1 machine, but even then i wouldnt count on it.

Which is the way to go?

Depends, you feeling (very) lucky?

[BitcoinDenvini]

Depends on what are you mining

[An amorous cow-herder]

Depends on what are you mining

You mean like checking dustcoin?
Too many people already do pool hopping. Volume on alts is generally low and by the time you mined even a days worth the price might have already dropped quite a bit. Even if you check in short, e.g. hourly, intervals it doesnt seem to be possible to get more than like a 50% bonus compared to just mining BTC. And thats assuming your time is worthless.

[tsoPANos]

Although I haven't any experience with mining, the difficulty will increase, so, bitcoins will need to be more valluable.

[Feneusens]

Can anyone new make a profit mining in 2014?

I looked up the specs on the new 3,000 GH/s Neptune from KncMiner and thought that it would make a great purchase. But when you try to work out the ROI, the numbers don't work unless BTC gets somewhere close to $2,000, you get the unit next week or you have solar panels.

$2,000 is possible, but that's a real speculative play given the $1,200 to $750 fall in the past few days.

http://mining.thegenesisblock.com/a/c7d1b8bf04

Which is the way to go?

Yes, they are selling really cheap like only 3$ per GH/s.. too bad its all sold out..

[mufa23]

OP is right.

Right now is going to be the last time Bitcoin will be in triple digits. You won't see numbers these low in 6 months from now. People buying NOW will make more than double by this time next year.

[Lauda]

Actually from the looks of it, it has to be in the $3000-$4000 range for neptune to ROI.

I could be completelly wrong but if the coin price will be 500 USD and the Difficulty goes to 3 Billions by the time Neptunes is delivered,  i think you will have ROI in +/- 2 months

You're wrong. Look at the calculator.

[bobsmoke]

Actually from the looks of it, it has to be in the $3000-$4000 range for neptune to ROI.

I could be completelly wrong but if the coin price will be 500 USD and the Difficulty goes to 3 Billions by the time Neptunes is delivered,  i think you will have ROI in +/- 2 months

You're wrong. Look at the calculator.

Which one?

[BitcoinDenvini]

It will ROI fast, maybe in 3-4 months.

[Lauda]

Which one?

http://mining.thegenesisblock.com/a/c7d1b8bf04
$500, 1000 or 2000 won't be enough for ROI.

[Hfleer]

Can anyone new make a profit mining in 2014?

I looked up the specs on the new 3,000 GH/s Neptune from KncMiner and thought that it would make a great purchase. But when you try to work out the ROI, the numbers don't work unless BTC gets somewhere close to $2,000, you get the unit next week or you have solar panels.

$2,000 is possible, but that's a real speculative play given the $1,200 to $750 fall in the past few days.

http://mining.thegenesisblock.com/a/c7d1b8bf04

Which is the way to go?

Might make sense to also see whether you profit more than if you had just bought BTC and sat on them.  It would be hard not to ROI if BTC spikes enough while you are holding your mined BTC and machinery instead of the amount of Bitcoin you could have originally bought with the same amount of money.

[Klubknuckle]

Can anyone new make a profit mining in 2014?

I looked up the specs on the new 3,000 GH/s Neptune from KncMiner and thought that it would make a great purchase. But when you try to work out the ROI, the numbers don't work unless BTC gets somewhere close to $2,000, you get the unit next week or you have solar panels.

$2,000 is possible, but that's a real speculative play given the $1,200 to $750 fall in the past few days.

http://mining.thegenesisblock.com/a/c7d1b8bf04

Which is the way to go?

actually, $5,000 base on the difficulty increment...

[BitcoinDenvini]

So is it real to BTC go to 5000$ if difficulty skyrockets?

[FiatKiller]

Most seem to feel that price follows difficulty, so when all those Neptunes start hashing, difficulty will be thru the roof. Of course news about new laws, etc. does effect the price.