120GH/s Rig at 400$ profitable?

[diggincoinye]

So I can buy a 120GH/s Avalon for little over 400$. I know they use alot of electricity but I rent all-in for a fixed price so basically I have no electricity bill. Could this be profitable? Basically I only need to earn back my 400$ investment, the rest will be profit for me. How long do you think it will take before I've earned back my investment? I know there are calculators online but I dont know how accurate they are so I'd like a second opinion from you guys. Hope to hear from you guys!

[1715381401]

1715381401

[1715381401]

1715381401

[pontiacg5]

Yes, that is a solid investment. At $400, .35/KW (stupid high) AND 1000W power draw, you are looking at a payoff of less than three weeks.

I would say it's a scam, but I'll let you make that decision.

[247crypto]

GPU scrypt mining is OK.

a best pool
switchercoin.com

nice rig
https://bitcointalk.org/index.php?topic=361613.msg3870584#msg3870584

[jakedeez]

So I can buy a 120GH/s Avalon for little over 400$. I know they use alot of electricity but I rent all-in for a fixed price so basically I have no electricity bill. Could this be profitable? Basically I only need to earn back my 400$ investment, the rest will be profit for me. How long do you think it will take before I've earned back my investment? I know there are calculators online but I dont know how accurate they are so I'd like a second opinion from you guys. Hope to hear from you guys!

That is a CRAZY good deal.

[sase007]

I would recomend using escrow...

And test that miner before you send coins to seller...

[diggincoinye]

Thanks for the replies! Indeed seems to good to be true, but I'm using escrow and I can test the device before I confirm the payment. So worst case I waste 2 weeks shipping time waiting on nothing....

[lobo13]

thats a prerty good deal where are you getting it?

[sase007]

Thanks for the replies! Indeed seems to good to be true, but I'm using escrow and I can test the device before I confirm the payment. So worst case I waste 2 weeks shipping time waiting on nothing....

Right... use escrow every time... If seller want you to send money (if only 25%) before, quit...

Well... time is only thing, you can lose...

[jakedeez]

Thanks for the replies! Indeed seems to good to be true, but I'm using escrow and I can test the device before I confirm the payment. So worst case I waste 2 weeks shipping time waiting on nothing....

Right... use escrow every time... If seller want you to send money (if only 25%) before, quit...

Well... time is only thing, you can lose...

If this deal is real and repeatable I will take 100 rigs right away.

[leckey]

400$?! Share your source please?

[diggincoinye]

aliexpress is all I'm saying 

got shipping confirmation today, so now we wait...

If you wanna buy one, you better hurry though, China banned sales of anything bitcoin related starting 14th januari
http://www.reuters.com/article/2014/01/08/us-china-bitcoin-idUSBREA070F620140108

[MikeXBT]

Please keep us updated regarding this. They seem to be selling for $2-3k in Canada.

[Sonny]

Please keep us updated regarding this. They seem to be selling for $2-3k in Canada.

OP last logged in on Jan 17....

[MikeXBT]

Two weeks off? Maybe the unit works and now he's busy running a massive mining rig operation

[CrackedLogic]

That's a really good deal, If you can get your hands on it, do it.

[Sonny]

Two weeks off? Maybe the unit works and now he's busy running a massive mining rig operation

Or maybe he found mining is too difficulty and troublesome, and so he left the bitcoin world.

[earnmoneyforwife]

want to know too

[earnmoneyforwife]

did i finished the task for newbie?

[Sonny]

did i finished the task for newbie?

There is no newbie restrictions now, and you can make your post anywhere as you wish.

[#bitcoin]

Wow, it is still very profitable!

http://mining.thegenesisblock.com/

[R0yalAir]

did i finished the task for newbie?

the only task you need to do is to be active

[ABISprotocol]

Wow, it is still very profitable!

http://mining.thegenesisblock.com/

That mining.thegenesisblock.com site is very useful. A friend shared with me this site, which appears to beat out most other calculators in terms of the factors it allows you to consider:
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php

Just as a comparison, check out the "mining calculators" submenu on coinwarz
(near top of page at) http://www.coinwarz.com/cryptocurrency
Notice that their page defaults to show a dual miner calculator... (sha256 and scrypt)

[mladen00]

nice deal 3,33$ per Ghash 

[R0yalAir]

nice deal 3,33$ per Ghash 

that could be more profitable some month ago.
and it's still quite a good deal.

[Sonny]

nice deal 3,33$ per Ghash 

that could be more profitable some month ago.
and it's still quite a good deal.

The price would be a lot higher some months ago lol.
Don't expect the hardware sellers to be noobs. 

[MikeXBT]

Update: I ordered two of these. Alibabaexpress cancelled my order and provided a refund, as the seller did not appear to be shipping anything.

[shaobao88]

I heard that China banned sales of anything bitcoin related starting the middle of januar. If you wanna buy one, hurry up!

[Sheldor333]

That deal is amazing! Surely it is profitable, right now. Even better if you can get it as fast as possible. Even if you just buy and sell it for more and mine until you sell it I can still see a profit there.

[Gameroid]

Yes I would jump at that deal where are you getting this deal?

[Craptsy]

Sounds pretty good - I'd jump on that!