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Author Topic: How much Have you Spent on Bitcoin Mining | Discussion  (Read 751 times)
Gyfts (OP)
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April 29, 2014, 11:03:07 PM
 #1

How much have you spent on your Bitcoin mining rigs? Do you do group mining?

Cash flow positive?

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ScaryHash
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April 29, 2014, 11:06:32 PM
 #2


I've spent more than the wife thought possible.

I also sent her shopping with some of the proceeds, so now she's a believer.

Overall, made a small profit. Nothing earth shattering. Kind of nice to have a hobby that pays you back.
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April 29, 2014, 11:07:47 PM
 #3


I'm at around $4k.
My wife wasn't nearly as thrilled.
I have not re-couped my entire investment...yet.
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April 29, 2014, 11:08:13 PM
 #4

well into ###,### Smiley keep mining

OregonMines is expanding. Are you expanding with us?
Gyfts (OP)
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April 30, 2014, 12:55:34 AM
 #5


I'm at around $4k.
My wife wasn't nearly as thrilled.
I have not re-couped my entire investment...yet.


Same, overall, I've spent around 4,100 USD on Bitcoin mining. I've just about recouped it all and hope to make a profit soon.

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April 30, 2014, 07:21:43 AM
 #6

I have spent around 2,000$ and i have made around 400-500$ and i'm still making more
sgbett
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April 30, 2014, 01:48:20 PM
 #7

only ~$20k in terms of USD, however I paid for it all in BTC... so it actually cost me 75BTC.

about 80% of it (by GH/s) is still "in the mail".

Total return about 3.5 BTC to date.

WINNING!


"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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tins
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April 30, 2014, 08:34:07 PM
 #8

only ~$20k in terms of USD, however I paid for it all in BTC... so it actually cost me 75BTC.

about 80% of it (by GH/s) is still "in the mail".

Total return about 3.5 BTC to date.

WINNING!



Yikes, that's pretty rough.
Were you screwed over in part of the bfl crud that went on?
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April 30, 2014, 10:00:51 PM
 #9

I was late to the 60GH BFL party so by the time I got that I was never gonna ROI.

Then I didn't learn my lesson, and signed up for a monarch (within a day or so of it being announced). My logic was, that this time, I was right at the front of the queue! Though that doesn't seem to be helping that much Smiley

I hedged my bets on a batch 2 neptune from KNC... this also is taking its time.

Still, one way of looking at it, is the BTC i spent was already negative cost basis, so it was all "free", I'll just not have as much BTC when the dust settles as if I'd just held... but then that seems to be a common theme.

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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April 30, 2014, 10:23:23 PM
 #10

How much have you spent on your Bitcoin mining rigs? Do you do group mining?

Cash flow positive?

I don't want to talk about it.

My $.02.

Wink

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