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Author Topic: Do any of you lost money on ASICS?  (Read 1855 times)
samson20min
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March 29, 2014, 06:21:46 PM
 #21

Hmm....i see im one of the lucky ones here  Grin
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Brunic (OP)
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March 29, 2014, 10:08:13 PM
 #22

*EDIT*
Maybe to clarify. I'm not looking to buy or anything. I'm more interested in knowing more about the state of the bitcoin mining market.

perhaps we can continue the OP discussion now?

I would like this too. If some of you guys made money, I'm happy for you, really. It's great that people can make money out there. It helps to build a viable economy.

But to help people make money around here, you must also learn about those who lost money. I saw many people hoping of making money in the last few months. But did they really made that money? Planning your profit and getting it is not the same thing.

OK, here's my situation in full.
I purchased a few blades which run at ~10GH each, two BE cubes and a BFL55

one cube died. (so I guess that's not going to break even)

I set a floor on the price I was willing to sell my BTC at €450

under that price, and I just plough everything I mine back into cloud mining. I see this as the only way possible that my rig will break even eventually.
I now have 170GH at home (from 205GH) and 60GH on cloud. I'll keep building the cloud with the btc I mine at home and when BTC price breaks through that floor, i'll start selling it on exchanges again.

As of now, i've not broken even. but I will, eventually because the cloud hashing - although a premium at 0.0075btc / GH, has no long term electric costs.

So, if I understand correctly, if you don't go into cloud hashing, you never break even? Your own mining operation is a pure loss?


Hmm....i see im one of the lucky ones here  Grin

You got your ROI on all your equipment?
paulsonnumismatics
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March 29, 2014, 10:29:09 PM
 #23

My 2c;
Being a late adopter my view is that i dont like to own an ASIC. I think its a waste of time, power, effort and money i cant afford. Im a happy clam mining some alt funny coins with my R9 280x tho. If someday all the crypto-world explodes, i will still be able to play a nice game of Battlefield 12, or whatever will be around then.
Cloud in the other hand its attractive for me. As in the first post stated, being a business owner i will be happy as a clam for any ROI under one year, so , if im investing some satoshis that are from my own GPU into a long term mining thing... For me its ok.

This space is for lease, apparently.
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March 29, 2014, 10:39:48 PM
 #24

i just bought another BFL60 - £215.
add that to the OP list  Cheesy


it's a hobby, i enjoy it, i still trade Oil.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
DarwinNexus
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March 30, 2014, 02:32:32 AM
 #25

I only buy/sell my gear in Bitcoin denominations, so I shouldn't ever take a big loss.
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March 31, 2014, 03:21:55 AM
 #26

Hi guys!

I was interested to know if some of you bought ASICs (from whatever company) and never made your ROI back. Or maybe barely made it? Also, do you own ASICs that you can't use anymore, because you lose money running them?

I'm interested in knowing if that happened to some of you guys and it could be great to share your story in that thread.

Thanks!

*EDIT*
Maybe to clarify. I'm not looking to buy or anything. I'm more interested in knowing more about the state of the bitcoin mining market.

mining btc is over staturated. period.





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March 31, 2014, 07:29:56 PM
 #27

Yes losing money on Neptunes right now.
black3000gt
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April 01, 2014, 02:22:00 AM
 #28

I will hit my ROI next week for my 3 antminers. My brother in law has more than doubled his investment. The other thing is, i believe that BTC will be in the $2000 range at the end of the year. I think the IRS ruling is good in the long term. I am also buying more BTC as the price drops.
samsonn25
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April 01, 2014, 03:24:09 PM
 #29

I think the Golden Age of mining is going downhill fast.  By June-July not many survivors.

There are no retail ASIC machines that will make roi on the market.  Besides the market is fixed. 

6 billion difficulty for btc this weekend.

Even the scrypt acics coming out will have a hard time breaking even because their difficulty will be 5-10x harder by the time they come out in mass.
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