Is it worth to buy a 3TH miner (10BTC)?

[joelao95]

Hi All,

I am wondering if it is still profitable to buy a 3TH miner (10BTC) right now, and receive it in two months or so. Looks like there are lots of TH miners already out there. The difficulty could rise rapidly two months later. Thank you for your advice.

[Slander]

IF you got it in 2 months it probably means all the other big hardware will also be out there hashing away also. I think it would NOT be worth it.

[goggles1200]

I think, in 2 months, there are going to be so many 2-3 TH/s units out there that the difficulty is going to be so high, that it's not going to be as profitable as you think. Just need to think how long it's going to take to get a ROI.

[joelao95]

Thank you guys. I just had a rough check in http://bitcoinwisdom.com/bitcoin/calculator; it is completely nonprofitable unless the machine arrives in a month.

[pedrog]

If you receive it until march 1st it's quite profitable, but yes, it only takes one month delay to be a huge loss.

http://mining.thegenesisblock.com/a/68a8fc03e4

[rammy2k2]

dont do any pre-orders ... stay safe

[empoweoqwj]

Hi All,

I am wondering if it is still profitable to buy a 3TH miner (10BTC) right now, and receive it in two months or so. Looks like there are lots of TH miners already out there. The difficulty could rise rapidly two months later. Thank you for your advice.

The difficulty will rise significantly in two months, that's guaranteed. I doubt you will get your BTC back

[brontosaurus]

Hi All,

I am wondering if it is still profitable to buy a 3TH miner (10BTC) right now, and receive it in two months or so. Looks like there are lots of TH miners already out there. The difficulty could rise rapidly two months later. Thank you for your advice.

Well, a lot of people clearly believe that it is - look at how much money KNC took for their (overpriced) 20nm machine. You can do the sums yourself - just extrapolate the difficulty forward to April, May etc and then you can make your own estimate of profitability. From various figures I've seen, you might just get your money back in 5 - 6 months, after that is anyone's guess.

Of course, there could be a major rise in Bitcoin's value as more and more people adopt it?

This 'advice' really doesn't help you much, does it? Ultimately it's you that has to make the call.

[empoweoqwj]

Hi All,

I am wondering if it is still profitable to buy a 3TH miner (10BTC) right now, and receive it in two months or so. Looks like there are lots of TH miners already out there. The difficulty could rise rapidly two months later. Thank you for your advice.

Well, a lot of people clearly believe that it is - look at how much money KNC took for their (overpriced) 20nm machine. You can do the sums yourself - just extrapolate the difficulty forward to April, May etc and then you can make your own estimate of profitability. From various figures I've seen, you might just get your money back in 5 - 6 months, after that is anyone's guess.

Of course, there could be a major rise in Bitcoin's value as more and more people adopt it?

This 'advice' really doesn't help you much, does it? Ultimately it's you that has to make the call.

Exactly. It has to be your call. You could lose money (btc), you could gain. Nobody knows ....

[best-miner.com]

It depend on when you get it, if it delays for more than 6 months, it seems not worth for it.

[empoweoqwj]

It depend on when you get it, if it delays for more than 6 months, it seems not worth for it.

6 months? You are joking right. You wait the next 6 months for any bitcoin mining equipment currently being advertised and you might as well stick in straight in the dumpster when it arrives.

[repairguy]

Hashfast is in production, Chips in hand running .7th a chip.  I assume here shortly when all the rigs start arriving to the customers difficulty will skyrocket.  Cointerra isn't far behind and hashfast promised march.

I also assume that is why the companies keep changing up hardware.  Rather than continue to sell what they have at a lower price, they let the customers finance the next project that they can make a huge margin on instead of selling the existing hardware at a reasonable profit.

[pheaonix]

guys. seriously. just buy some coins and hoard them. buy after crashes.

[empoweoqwj]

guys. seriously. just buy some coins and hoard them. buy after crashes.

You are right but ... some people want to be miners for whatever reason. Altcoins I understand, there is a chance of profit there. Bitcoin? No.

[repairguy]

guys. seriously. just buy some coins and hoard them. buy after crashes.

You are right but ... some people want to be miners for whatever reason. Altcoins I understand, there is a chance of profit there. Bitcoin? No.

Coin hoarding btc has worked well in the past, but I am not sure of the future.   Do you think alts will go sky high?  I am not questioning you just asking your opinion, as I am undecided.

[empoweoqwj]

guys. seriously. just buy some coins and hoard them. buy after crashes.

You are right but ... some people want to be miners for whatever reason. Altcoins I understand, there is a chance of profit there. Bitcoin? No.

Coin hoarding btc has worked well in the past, but I am not sure of the future.   Do you think alts will go sky high?  I am not questioning you just asking your opinion, as I am undecided.

Just my opinion - altcoins will remain "silver (or bronze)" to bitcoin for the forseable future. No, they won't go sky high, unless bitcoin goes "to da moon"

[brontosaurus]

It depend on when you get it, if it delays for more than 6 months, it seems not worth for it.

6 months? You are joking right. You wait the next 6 months for any bitcoin mining equipment currently being advertised and you might as well stick in straight in the dumpster when it arrives.

Well, it's easy to see why people will think that, but all is not what it seems. If the difficulty goes up by a factor of 10 by July, then the network will have an extra 120,000 TH on it. That's 40 THOUSAND 3Th boxes, just think about that for a moment. IF, and it's a big if, vendors do manage to get 500TH chips made in volume and, crucially, yielding decently then to manufacture that volume of boxes at 120 die per wafer requires 240,000 chips / 2000 wafers. (or 40 25 wafer batches). That's a close on $40 million investment in chips alone, and for what return?

Well, at that stage a 3TH box will earn around $2500 a month. That's fine if you've paid 2$/GH because you might get to break even in maybe 3 - 4 months. If you paid $3/GH then it might take around 6, depending on how much investment is put into the network after you get your box.

Considering the amount of difficulty rig vendors seem to have getting hundreds of units out of the door (or any at all, in some cases), it will be interesting to see how they fare with large volumes. The real problem lies with the dedicated mining 'companies' who presumably have their own chips, but even they won't be keen on an ROI of possibly less than 50% a year.

Naturally, if your going to spend a good few thousand dollars on a rig, you want some reassurance that you will at least get it back in a reasonable length of time. No one can give you that at present, but if you have modest expectations of profit then the outlook maybe isn't so bad.

[Hashcesar84]

10 BTC for 3th/s in this moment is very expensive..

[MANofthePEOPLE]

10 BTC for 3th/s in this moment is very expensive..

Says the guy asking $23k/BTC25 for 4 th/s.. Are you trolling or what?

[empoweoqwj]

10 BTC for 3th/s in this moment is very expensive..

Says the guy asking $23k/BTC25 for 4 th/s.. Are you trolling or what?

Great research dude