Is It Worth It ........

[peeveepee]

Supply curve will adjust to make mining more profitable.

Otherwise, all miners will turn off the machine and no one to verify the transaction.

[sgk]

i am not doing it to be rich

i was looking this site https://bitcoinwisdom.com/bitcoin/difficulty

i think i am doeing it wrong
 46usb X 330kh/s = 15180kh/s
when i put that in the bitcoin calculator it gave 0.0004144usd a day
but when i put it in the litecoin calculator it gave 23.1usd a day

can that be right or have i misunderstood this......

You're purchasing SHA ASIC, they work for Bitcoin mining only, not Litecoin mining.
So 0.0004144 USD/day is the correct figure, considering the current difficulty.

I wouldn't advice purchasing a shitload of USB miners even if you're doing this for fun.

Instead consider purchasing ONE Gridseed ASIC miner which works with Litecoin. You'll have fun and a considerable return on your investment too, at least for a few months.
http://zoomhash.com/collections/asics/products/same-day-shipping-gridseed-320-420-kh-s-asic-scrypt-sha-miner-ships-from-los-angeles

[scryptasicminer]

Scrypt Asic still have ROI.

[ChuckBuck]

Scrypt Asic still have ROI.

Says the poster with the name scryptasicminer, lol.

[SnakePlisken]

I was just going to post a similar topic - does anyone know if there are any cloud mining services that are actually profitable? Other than trading shares on CEX?

Thanks!

[hdbuck]

I was just going to post a similar topic - does anyone know if there are any cloud mining services that are actually profitable? Other than trading shares on CEX?
Thanks!

cloud mining services arent supposed to be profitable besides for those running em.

[antonioserrano72]

Zeusminers seems just fine as an investment right now. But the fact that hey;ve never delivered before looks uber scary to me.

[Omikifuse]

Zeusminers seems just fine as an investment right now. But the fact that hey;ve never delivered before looks uber scary to me.

Too many new asic manufacturer these days. Just too dangerous to buy any of them..

[ChuckBuck]

Zeusminers seems just fine as an investment right now. But the fact that hey;ve never delivered before looks uber scary to me.

Too many new asic manufacturer these days. Just too dangerous to buy any of them..

Stay away from any new asic manufacturers, period.  Wait until they've confirmed shipping immediately or one of the senior members here has reviewed it already.

[dyland]

Scrypt Asic still have ROI.

Ha....Really?


All I personally bought were scrypt asics--you'd be lucky to get half your ROI before Titans drop, even if you got them before everyone else did somehow.

[wenben]

Scrypt Asic still have ROI.

Ha....Really?


All I personally bought were scrypt asics--you'd be lucky to get half your ROI before Titans drop, even if you got them before everyone else did somehow.

Only buy when the roi is expected to be 2 months or less. Longer than that mean the Asic manufacture can keep selling them at discount until the market can no longer support the cost.

[gsupp]

I'd have to say NO.

I've sunk about 10K overall into mining in two months and have made about $1000.00 back at this point. My profits will deteriorate in 2-3 months and then I will be left with maybe half of my investment back--if I am lucky.

It sort of totally sucks.

Although it was sort of neat to play with the devices and whatnot I would rather bought a new car and I feel like a huge fool.

Oh, and I didn't even mention all the time it has taken away from my life trying to get it running perfectly, monitoring, etc.

HUGE EXPENSIVE HEADACHE.

JUST BUY BTC.

I would have 20+ BTC right now if I had just bought instead of 2, 2 #$&@ing BTC.

I feel for you man. I'm in a similar situation, although the total cost number is a bit higher. I have a bunch of GPUs for sale right now on ebay, very few takers even at 1/3 the cost I paid for them. The whole argument of reselling GPUs since they can be used for more than just mining doesn't really help when thousands of other miners are also trying to sell.

[EvilPanda]

Zeusminers seems just fine as an investment right now. But the fact that hey;ve never delivered before looks uber scary to me.

Too many new asic manufacturer these days. Just too dangerous to buy any of them..

Then wait for GAW's prime, I was assured it will make mining less risky, as you'll just buy as much hashes as you like, direct it wherever you like and, if you don't need it anymore, simply resell it.

[sgk]

OP was last active on 14th May and does not seem to be interested in mining anymore, so let this thread rest in peace