Is it wise to buy more 38Gh/s Cubes now that their prices have dropped?

[cdawson2000]

Currently I have (1) 38Gh/s Asic Miner cube and was thinking of buying 2 more units at 1/3 of the price I originally paid for my cube ($900).  

3 cubes would give me 114Gh/s total network hashing for about $1500. Is this wise? With difficulty rising so quickly wouldn't a 38Gh/s unit be rendered powerless in the next 3 months?

I don't want to wait for the next gen asic units because I wouldn't receive it until April/May time frame.

Thx Chris

[torusJKL]

If you start mining today you might get a ROI.
See the calculation: http://mining.thegenesisblock.com/a/d8f67a9cee

[cdawson2000]

If you start mining today you might get a ROI.
See the calculation: http://mining.thegenesisblock.com/a/d8f67a9cee

Thanks for your feedback. So in the bitcoin pool mining world, is 114Gh/s from (3) 38Gh/s machines about the same as (1) 120Gh/s single machine? As far as the pool server is concerned it sees both setup equally? Am I making in sense?

Thx

Chris

[black_swan]

Yes it's the same, it's the number of hashes you can produce, it doesn't matter if you use 1 or 100 chips
Now sure how long it takes to mine 1 BTC at current diff but if you can do it in 1-2 weeks than buy it. Price will soon shoot up

[torusJKL]

Don't mine because you think Bitcoin will be worth much more in x time. In this case just buy them.
To get a real ROI you need to mine more bitcoins with your miner then what you would be able to buy today.

[bismuth]

If I got you correctly, that's $300 per unit? After looking at a lot of new lowish-end units & combined lower-end unit prices, I figured the price is set around $300-$400 for 10Gh's, so that would be a good deal I think

[cdawson2000]

If I got you correctly, that's $300 per unit? After looking at a lot of new lowish-end units & combined lower-end unit prices, I figured the price is set around $300-$400 for 10Gh's, so that would be a good deal I think

I've noticed a rash of price cuts for older ASIC mining machines. I think it's because of increased difficulty and anticipation of next gen rigs. Most of the next gen rigs are not in heavy volume delivery so there is small window (2-3 months) to mine with current gen machines.

[lemon187]

Would it be worth it to use a single usb 1.6gh/s antminer? I'm not trying to quit my day job, just have fun with bitcoin.

[torusJKL]

Would it be worth it to use a single usb 1.6gh/s antminer? I'm not trying to quit my day job, just have fun with bitcoin.

If it's only for fun and you are ready to make a loss then yes.
If you want to make a profit then you would need to get it for a low price. Say around USD 10 per U1.

But don't expect to see much from this investment.
Here is a calculation: http://mining.thegenesisblock.com/a/8ab1fe366c

[samjtemp]

Much easier to make ROI mining litecoin and the newer Scrypt coins. There will be no more SHA-512 so those miners are doomed to become obsolete where litecoin on the other hand even when ASIC's do get released 6 months from now they will not nearly have the power advantage of GPU's.

GDDR6 GPU's are going to be released here in a few months. The only advantage those ASIC's will have is a 50% reduction in power costs but the GDDR6's will have nearly a 4-5 month head start and can be resold as gaming hardware.

[DeboraMeeks]

You better make you calculations first (electricity,price,amount,difficulty now and coming difficulties),the price of BTC's is currently high but you can't be sure and there might be a fall in price so you better have some space for price movement.

[Cryptobolics]

Currently I have (1) 38Gh/s Asic Miner cube and was thinking of buying 2 more units at 1/3 of the price I originally paid for my cube ($900).  

3 cubes would give me 114Gh/s total network hashing for about $1500. Is this wise? With difficulty rising so quickly wouldn't a 38Gh/s unit be rendered powerless in the next 3 months?

I don't want to wait for the next gen asic units because I wouldn't receive it until April/May time frame.

Thx Chris

Where did you buy your miners?

[R0yalAir]

I don't want to wait for the next gen asic units because I wouldn't receive it until April/May time frame.

An ASIC-mining economy, where the capital to buy ASICs is much larger than the money to keep them running.

[thm001]

If I got you correctly, that's $300 per unit? After looking at a lot of new lowish-end units & combined lower-end unit prices, I figured the price is set around $300-$400 for 10Gh's, so that would be a good deal I think

If bismuth is correct - "300-400 USD" is a great price for a cube -- they are tracking 600-700 on ebay now and I can only find .69-.89 in BTC price though the forum and WTCR.

Feel free to clue me on this price - i might pick up a few to flip on ebay

[bismuth]

Would it be worth it to use a single usb 1.6gh/s antminer? I'm not trying to quit my day job, just have fun with bitcoin.

I'm running an overclocked antminer U1. I ordered 1 more... good price for low watt laptop mining, but carefully considering "going pro" with a larger unit(s).