Terraminer IV (February batch) is the difficulty too high?

[Hashcesar84]

I bought 2 Terraminer IV in November.. unfortunately "February batch". I'm looking every day about hashrate and difficulty and I'm less and less convinced I made a good purchase.

what do you think about it?
I spent 12.600$ shipping included, bitcoins price is going down (when i placed my order the price was 1000$+ and it was raising, hashrate was very low and difficulty too).

is possible that when i'll get miners bitcoin's price will be more stable on 1000$? or I have to assume that the price will be like 600$?

when i bought miners i checked on cex.io/calc my future profit and it should be like 40 BTC first month!!!! now is 28 BTC that should be very good! but do I have to belive it??!

Thanks!

[loshia]

I bought 2 Terraminer IV in November.. unfortunately "February batch". I'm looking every day about hashrate and difficulty and I'm less and less convinced I made a good purchase.

what do you think about it?
I spent 12.600$ shipping included, bitcoins price is going down (when i placed my order the price was 1000$+ and it was raising, hashrate was very low and difficulty too).

is possible that when i'll get miners bitcoin's price will be more stable on 1000$? or I have to assume that the price will be like 600$?

when i bought miners i checked on cex.io/calc my future profit and it should be like 40 BTC first month!!!! now is 28 BTC that should be very good! but do I have to belive it??!

Thanks!

Dude,

What matters is:
1. If February batch will be on time and will not turn to be March or April batch due to some delays. My feelings tell me that it will be April or may delivery but i hope to be wrong on it
2. What will be diff by then. Let us hope that Chinese new year will slow things down because a lot of miners are silently mining there and everywhere

I would say that according to my feelings you will struggle to get even in both BTC or USd assuming BTC price stays around 1000 USD

And this does not apply to you only but for all preorder shit that is going on.
Nothing against you and Terraminer for sure

If you get your miners on time diff will be to high - less likely
if you get your miners delayed same as above - more likely
The only way to get out of this is:

if you think in USD termes - Mine at a loss for next year or two and wait for  btc to raise. No other way to break even in USD only. But question remains if you both 12 Btc for for instance how much profits are you losing...

If btc collapses it does not matter
The only once who will get out of the collapse clean are ASIC vendors themselves

[Hashcesar84]

so is not possible that miner will arrive in time and difficulty will not be too high? so best way is mine and hold if prize is not enough to pay back miners?

i'd like haven't orderer 13k$ of miners    im so stupid fuck!

[Hashcesar84]

but really..how is possible that every profit calculators say that I will earn 26 btc on febraury and than 18 on march!?!?  it is not possible? I will have 4 thera hash and it will not be enough to pay miners? how is possible! I'm very afraid now... so why Cointerra should be late with february batch? I reed that they've never been late!

[Hashcesar84]

look at cex.io/calc with 2 terraminer
                              month return

Feb-14 2128 26 26.80
Mar-14 3192 40  17.60
Apr-14 4787 59  11.40
May-14 7181 89 7.34
Jun-14 10772 134 4.62
Jul-14 16157 201  2.80

for a cumulative return of 70.56 BTC!
with today's price $800

70.56x800= 56.448$

lol? it is not possible?..... I don't know what think about... i payed only 13.6k$ and know earn 56k$ in 6 month? what can goes wrong further late of cointerra? 

is the calculator wrong? WTFFFF?!?!??!?

[bowen151]

What if...

Miner arrives april = 

Has anyone been on time with delivery of ASIC miners? I don't think they have you know.

[Easy2Mine]

It's a goldrush.
Everybody think it is easy to earn money.
That drive the difficulty upwards.
Not everyone will earn their money back.
Some will make profit and others don't.
Not all my gear will make their BTC back.
But like all the guys who started earlier, we have deep pockets, we can take a lot of losses untill the hashrate stabilize.
If you pay your Terraminers with US Dollars, then I wouldn't worry much.
BTC price looks very volatile, but compare with 2011 and before it is nothing.
You shouldn't worry about that too much.
The more people jump into this, the more difficult it is to mine BTC, but the higher the prize of BTC will be.
The total sum is that you will earn more if you can keep it profitable.
Have faith.

[Hashcesar84]

loll but Cointerra didn't delivery everything on time?

anyway if it arrive on April for the calculator I will earn 11 BTC than 7 on May! and it should be enough to pay miners? or not? what can goes wrong? is possible, for u, that BTC crash bad to 200$? This is my fear!

[loshia]

look at cex.io/calc with 2 terraminer
                              month return

Feb-14 2128 26 26.80
Mar-14 3192 40  17.60
Apr-14 4787 59  11.40
May-14 7181 89 7.34
Jun-14 10772 134 4.62
Jul-14 16157 201  2.80

for a cumulative return of 70.56 BTC!
with today's price $800

70.56x800= 56.448$

lol? it is not possible?..... I don't know what think about... i payed only 13.6k$ and know earn 56k$ in 6 month? what can goes wrong further late of cointerra? 

is the calculator wrong? WTFFFF?!?!??!?

Wrong calc dude
Anyway good luck to you
Btter try this one instead with at least 30 diff increase
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=1180923195.258&dcosts=500&diff_mincrease=30&blpbtc=25&dhsmhs=44860&diff_mincreasedecrease=3&btcusd=740.89&dpowcon=130&btcusd_mincrease=1&pcost=0.15&calcweeks=32&dleadtime=0&action=calc
And remember in reality you need to pay some pool fee and/or some downtime due to various reasons so remove 5 % at least

[Hashcesar84]

The more people jump into this, the more difficult it is to mine BTC, but the higher the prize of BTC will be.

So if the difficulty is too high for my miners i will earn profit anyway cos btc price will be so high? 

so you answered my question... if people keep buy miners, btc price, CANT collapse...

[Kenshin]

Don't mine, buy BTC instead.

[Hashcesar84]

And remember in reality you need to pay some pool fee and/or some downtime due to various reasons so remove 5 % at least

are you serious? 5% less?  downtime?!?!?!?! lol... now I'm starting to understand why is better sells miners than mine with them......

[loshia]

The more people jump into this, the more difficult it is to mine BTC, but the higher the prize of BTC will be.

So if the difficulty is too high for my miners i will earn profit anyway cos btc price will be so high? 

so you answered my question... if people keep buy miners, btc price, CANT collapse...

Folks like you are buying miners dude with your thinking... 
Once again good luck and pls when you break even pm pm me I am serious no jockeys here

[amer]

Whatever the difficulty is, it's always too high!

[klondike_bar]

And remember in reality you need to pay some pool fee and/or some downtime due to various reasons so remove 5 % at least

are you serious? 5% less?  downtime?!?!?!?! lol... now I'm starting to understand why is better sells miners than mine with them......

5% may be high for downtime, 1-2% is more likely (in a 24hr day that assumes the miner is not mining for 15-30minutes (internet outages, setup rearrangement, tweaking/tuning, etc)

as for the calcs, assume the miner arives at the end of february if lucky, not at the beginning

[loshia]

And remember in reality you need to pay some pool fee and/or some downtime due to various reasons so remove 5 % at least

are you serious? 5% less?   downtime?!?!?!?! lol... now I'm starting to understand why is better sells miners than mine with them......

5% may be high for downtime, 1-2% is more likely (in a 24hr day that assumes the miner is not mining for 15-30minutes (internet outages, setup rearrangement, tweaking/tuning, etc)

as for the calcs, assume the miner arives at the end of february if lucky, not at the beginning

Add a pool fee and some stales/rejects unavoidable and you are there 5 % is the bottom line for me
Plus shipment in the last day of February and arriving about 5 of march i
I am not mentioning the fact that maintaining a miner is not a newbie friendly thing. It is not like a having a fridge and when red light flashesh just to go to a local store and replace it..And listen to the manager excuses offering you one fridge for free and licking your ass... If you folow my mind.  And so on and on and all that nasty stuff is happening at the beginning when you supposed to make the most of your ROI
A week or two lost makes a big difference

[metroickha]

In November I broke even with 50 GH in two month.
In December I am half way with 200 GH.

So I expect:
In January you break even with 800 GH.
In February you break even with 3200 GH.
In March you break even with 12800 GH.
In April you break even with 51200 GH.

I personally would buy the coins and wait.
The price of the bitcoins will not rise, until people start buying bitcoins.
Mining coins decreases the value because miners will only sell or reinvest.

[Entropy-uc]

As others have said, the Cex.io calculator is a bad choice.  They are trying to sell you overpriced miners so they can build their own farm with the profits.

I wouldn't be a buyer of gear that would come in May, for a lot of reasons.

But you purchased this hardware in November as a calculated risk.  I assume that you made an evaluation of the risk at that time before spending such a large sum.  What has changed about your evaluation?

[rammy2k2]

any pre-order is a bad choice ....

[DPoS]

such a troll thread!

anyway, let's mine gold under the ocean since that difficulty will push gold to $9000 Oz!

if you follow gold mining, you will see many shut down when the price isn't worth the effort. If bitcoins got consumed like oil, that can be different, but like gold the harder to get bitcoins still compete with all the bitcoins still in circulation

lulz