Neptune Second Batch

[ayayay]

thinking of buying the neptune from knc 3th-- good or bad move?

[Kenshin]

thinking of buying the neptune from knc 3th-- good or bad move?

You mean 3rd batch?

[ayayay]

perhaps- its 10,200  usd  should I buy with btc or  hold


no its the second batch

[helmax]

buy bitcoins !

this is example you never recveory your ROI

Code:

http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

[tokona]

buy bitcoins !

this is example you never recveory your ROI

Code:

http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

What can ROI now?

[Kenshin]

buy bitcoins !

this is example you never recveory your ROI

Code:

http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

ROI should not be calculated using only current time. But should be calculate using what Bitcoin will cost in the future.

[kaz911]

buy bitcoins !

this is example you never recveory your ROI

Code:

http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

ROI should not be calculated using only current time. But should be calculate using what Bitcoin will cost in the future.

Bitcoin ROI should be calculated in the currency you buy it it. If you pay USD - then do your ROI on USD - or calculate the BTC purchase price on the day of payment.  If you pay BTC - then ROI in BTC. And if you do bitcoin -> USD ROI - you should deduct a currency risk percentage when calculating forward ROI.

Right now for BTC break even with mining start in January - you should not pay more than 12.3 BTC / 1000 GHash if difficulty keeps rising with 100% pr month.

And if your mining equipment can't make ROI on BTC - then it would be better just to speculate in bitcoin without buying mining hardware.

[empoweoqwj]

buy bitcoins !

this is example you never recveory your ROI

Code:

http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

ROI should not be calculated using only current time. But should be calculate using what Bitcoin will cost in the future.

But nobody knows the cost of bitcoin in the future. So how can you calculate?

All ROI calcluations should be done in BTC, not fiat. Simple as that.

[Anddos]

Buying a neptune now is a bad idea, hasfast,conterra,bitman.ch are about to increase the hashrate dramatically

[Kenshin]

And if your mining equipment can't make ROI on BTC - then it would be better just to speculate in bitcoin without buying mining hardware.

Is that what they did in year 2009? If they calculated the ROI back then, no one would be mining. And there will not be so many Bitcoin Millionaires now.

[empoweoqwj]

And if your mining equipment can't make ROI on BTC - then it would be better just to speculate in bitcoin without buying mining hardware.

Is that what they did in year 2009? If they calculated the ROI back then, no one would be mining. And there will not be so many Bitcoin Millionaires now.

This isn't 2009. Compare the network hash rates ....

[Kenshin]

Buying a neptune now is a bad idea, hasfast,conterra,bitman.ch are about to increase the hashrate dramatically

I actually got 50 Blue Fury and 2 KNC 670GH/s Jupiters, and I have pre-order a Neptune. I also have order the Avalon 200GH/s MH200 miner, which will arrive next week.

From the 2 Jupiters, I made the ROI within a few days. Then I got enough Bitcoins to pre-order a Neptune, and also buy the Avalon miner.

The game I am playing is, use the Bitcoin I make to get more hashing power.

[Kenshin]

And if your mining equipment can't make ROI on BTC - then it would be better just to speculate in bitcoin without buying mining hardware.

Is that what they did in year 2009? If they calculated the ROI back then, no one would be mining. And there will not be so many Bitcoin Millionaires now.

This isn't 2009. Compare the network hash rates ....

But when the Bitcoin price was around $1200, I was making $36409.98 a month. But then after a week, China drop the price of Bitcoin. So I think you do need to look at the price of Bitcoin, rather then just the Hash rate difficulty.

[empoweoqwj]

Buying a neptune now is a bad idea, hasfast,conterra,bitman.ch are about to increase the hashrate dramatically

I actually got 50 Blue Fury and 2 KNC 670GH/s Jupiters, and I have pre-order a Neptune. I also have order the Avalon 200GH/s MH200 miner, which will arrive next week.

From the 2 Jupiters, I made the ROI within a few days. Then I got enough Bitcoins to pre-order a Neptune, and also buy the Avalon miner.

The game I am playing is, use the Bitcoin I make to get more hashing power.

When did you get the Jupiters that got the ROI "within a few days" - that's amazing!!

[ninjaboon]

Buying a neptune now is a bad idea, hasfast,conterra,bitman.ch are about to increase the hashrate dramatically

I actually got 50 Blue Fury and 2 KNC 670GH/s Jupiters, and I have pre-order a Neptune. I also have order the Avalon 200GH/s MH200 miner, which will arrive next week.

From the 2 Jupiters, I made the ROI within a few days. Then I got enough Bitcoins to pre-order a Neptune, and also buy the Avalon miner.

The game I am playing is, use the Bitcoin I make to get more hashing power.

smart move.

[Kenshin]

When did you get the Jupiters that got the ROI "within a few days" - that's amazing!!

I got it in November. At that time, I was deciding whether I should get Cointerra or KNC. Luckily I asked around on this forum. And then I came to my decision to purchase the most powerful miner which deliver the quickest. So I got KNC.

Now I am making $13275.00 a month just on Bitcoin, and not including the scrypt coins and cpu coins.

So if the price increase, I will be making more profit.

I actually quit my job, and doing mining and trading in the financial and crypto market to make my living now. 

smart move.

Thanks. Yeah, I was lucky, I ordered from KNCminer when they were still accepting credit card payment. So I applied for a credit card which is 0% interest rate for 18 months to purchase the 2 Jupiters. So I am just paying the minimum payment for my card. I will pay the card back in 18 months, when I finally sell some bitcoins.  

[empoweoqwj]

When did you get the Jupiters that got the ROI "within a few days" - that's amazing!!

I got it in November. At that time, I was deciding whether I should get Cointerra or KNC. Luckily I asked around on this forum. And then I came to my decision to purchase the most powerful miner which deliver the quickest. So I got KNC.

Now I am making $13275.00 a month just on Bitcoin, and not including the scrypt coins and cpu coins.

So if the price increase, I will be making more profit.

I actually quit my job, and doing mining and trading in the financial and crypto market to make my living now. 

smart move.

Thanks. Yeah, I was lucky, I ordered from KNCminer when they were still accepting credit card payment. So I applied for a credit card which is 0% interest rate for 18 months to purchase the 2 Jupiters. So I am just paying the minimum payment for my card. I will pay the card back in 18 months, when I finally sell some bitcoins.  

wow - a real mining success story - getting rarer these days for sure!

[brontosaurus]

I would guess it is going to get really hard to get a decent ROI until the rig vendors start charging reasonable prices per Gigaghash for their products. Some of the margins they earn are obscene, especially when they have the advantage of getting full payments up front.

But until you get suppliers that look at making rigs as a ongoing product rather than a ticket to easy riches (at others expense) then this is reality miners face. With the amount of product that's going to get dumped onto the network by the end of March - probably in excess of 180,000TH - you'll be lucky to break even paying $3/GH for your hardware.

And it's only going to get worse from there.

[tibdraw]

there is no point to buy any rigs,
buy the BTC instead.

you can only mine about 5-6 coins with that rig when you get it in April and literally does not matter how much the BTC will be then, if it goes up to $100,000, you are still better off to buy the 5-6 coins now and just wait rather than to risk $12k on a rig what might arrive in the future. If its late by a month, you can only mine 4-5 coins before it will be useless junk due to the difficulty increases.

for the calculations, read this:

https://bitcointalk.org/index.php?topic=394286.0

cheers
pete
 

[jamesc760]

I spent 2 BTC to buy into 2 separate groupbuys, both of them knc jupiters. I will NEVER see those 2 btc ever again. I don't know kenshin made ROI. Oh, I see that he PAID with credit cards. If you are going buy mining rigs, pay with cash, credit or some other fiat currency, NEVER bitcoins.