Minimum break-even time for your rig?

[bitinterest]

Hey guys!

Still interested in buying ASIC miners even with the recent fall in bitcoin value? I'm just wondering: what would be the minimum break-even time that you would buy a bitcoin miner with?

[ujka]

You mean maximum break-even time I would still be comfortable with? 3 months, and the hardware has to be in-stock, not pre-order.

[goggles1200]

Depends on what you are willing to spend. Antminer S1 are 1.45BTC right now, in Slush's pool (which is having crappy luck), I get .006 per block and about .02 - .05 per day depending on luck. That will put me at about 1.5 months to hit even. I wouldn't go anything than a S1 right now. Price is too good to get anything else.

[Gator-hex]

Well it was was 1 month when I ordered it, 2 months when it arrived, and 3 months since the price crash!  

All the fun of the block chain! Probably cheaper to buy the coins right now than a miner.  

[bitinterest]

You mean maximum break-even time I would still be comfortable with? 3 months, and the hardware has to be in-stock, not pre-order.

Yeah maximum break-even time. Would you ask for a shorter break-even time for more expensive equipment?

Depends on what you are willing to spend. Antminer S1 are 1.45BTC right now, in Slush's pool (which is having crappy luck), I get .006 per block and about .02 - .05 per day depending on luck. That will put me at about 1.5 months to hit even. I wouldn't go anything than a S1 right now. Price is too good to get anything else.

Yeah at the current btc value, it's a nice price. I wonder why they aren't sold out though.

Well it was was 1 month when I ordered it, 2 months when it arrived, and 3 months since the price crash! 

All the fun of the block chain! Probably cheaper to buy the coins right now than a miner. 

What did you order?

[Gator-hex]

What did you order?

4.5 BTC = 6x Hex16B in late November, 1/6 came December, 5/6 arrived January, ROI = 2.25BTC so far, est. 0.05BTC per day (50 days more!).

5 BTC = 2x Hex8A1 in January, looks to be shipping on time, ROI = est. 0.1BTC per day (50 days+).

I earned 8.8 BTC with graphics cards. My plan to reinvest BTC into ASICs to make more BTC, is er... hopefully going to break even one day!

Todays $500 BTC price is very cheap compared to the cost of hardware to keep up with difficulty. You have to be crazy to be a miner! Some people lose huge fortunes pre-ordering miners! I know someone who started earlier than me with GPUs who could have been a $millionaire if he had just hung on to the BTC and sold at $1000+ instead of pre-ordering with BFL!

I've never been in it for the $ though, I just want to help create a bank/debt free currency, I spend in BTC to change the world one bit at a time!  

[bitinterest]

What did you order?

4.5 BTC = 6x Hex16B in late November, 1/6 came December, 5/6 arrived January, ROI = 2.25BTC so far, est. 0.05BTC per day (50 days more!).

5 BTC = 2x Hex8A1 in January, looks to be shipping on time, ROI = est. 0.1BTC per day (50 days+).

I earned 8.8 BTC with graphics cards. My plan to reinvest BTC into ASICs to make more BTC, is er... hopefully going to break even one day!

Todays $500 BTC price is very cheap compared to the cost of hardware to keep up with difficulty. You have to be crazy to be a miner! Some people lose huge fortunes pre-ordering miners! I know someone who started earlier than me with GPUs who could have been a $millionaire if he had just hung on to the BTC and sold at $1000+ instead of pre-ordering with BFL!

I've never been in it for the $ though, I just want to help create a bank/debt free currency, I spend in BTC to change the world one bit at a time!  

It's nice to hear people are not in it only for the money