new to mining please help

[ademite]

So I have finally started doing the research on bitcoin mining and i was wondering if this is even at all worth it in terms of long term investment of past a year

I've came across the antminer s1 for roughly $200 and i would probably invest in 5 units off the bat but i wanted to know how much it would generate i understand that i would rather not mine for bitcoin but exchange it to bitcoin because of difficulty and my kwh price where i live is .9-.10 <20kw

I just want to see if this is worth investing into. Please do chime in.

[KWH]

So I have finally started doing the research on bitcoin mining and i was wondering if this is even at all worth it in terms of long term investment of past a year

I've came across the antminer s1 for roughly $200 and i would probably invest in 5 units off the bat but i wanted to know how much it would generate i understand that i would rather not mine for bitcoin but exchange it to bitcoin because of difficulty and my kwh price where i live is .9-.10 <20kw

I just want to see if this is worth investing into. Please do chime in.

What exactly are you planning to mine with them? Profit calculators are easy to find.

[ademite]

maybe incakoin or vert coin? im still new to all this

[KWH]

maybe incakoin or vert coin? im still new to all this

Are those coins Sha256?

[ademite]

honestly i have no idea what type of coin i would want to mine what types of coins are some people using and what are you generating

[KWH]

honestly i have no idea what type of coin i would want to mine what types of coins are some people using and what are you generating

I suggest a little more research before spending money. You need to be able to use your miners on the coins you want to mine. Read around the forums, plenty of threads and good advice there.
http://www.coinwarz.com/  This will give you a rough idea of what is going on and how fast things change.

[ChuckBuck]

The (not) so old adage applies here.  When Bitcoin price is low, you buy.  When Bitcoin price is high, you mine.

I'd say at the affordable price of $446 or so, this is an easy decision to make.

[BitcoinTraders]

The (not) so old adage applies here.  When Bitcoin price is low, you buy.  When Bitcoin price is high, you mine.

I'd say at the affordable price of $446 or so, this is an easy decision to make.

It's nice idea i think!
If you want to invest about $1000 in bitcoin buy miners for about $500 and hold $500 to buy Bitcoin when the price is low!

[wenben]

Profitability for mining is negative for almost all the coins out there.