1000 Gh/s - Is it worth it?

[ChuckBuck]

Looks like no new S2 group buys happening yet, but thought I'd share with you guys another Group Buy I stumbled upon.

The Gridseed A1 miner @1100 GH/s for $1500:

https://bitcointalk.org/index.php?topic=648622.0

If someone starts up a S2 group buy anytime soon, I'll put it here.


Chuck

[redeyez21]

I have 6 S2 $400 discount coupons, I'm using two but if anyone wants to trade me a donation amount of btc I'd happily xfer one (have 4 I'm not using)

brings the S2 to under 3BTC

red

[FlyForFun]

Hi guys.

I'm thinking about buying an Asic Miner (1000Gh/s). I checked coinwarz.com and with that speed, I'm (supposed to be) able to make 28 usd a day, or 23 usd counting electricity cost. That's an estimate of course.

Is that a realistic expectation? I know the difficulty increases and the profit decrease with time. My doubt is… how long should I expect to make no money out of the machine? Couple years?

I imagine I should join a pool.
-What should I consider when joining a pool?
-When I join a pool, the more I contribute (in hash power), the more my payout is?
-It's more profitable to join Ghash.io or p2pool?

Thanks in advance.

The most important thing is difficulty, your net profit might be 23 usd today and for the next 5 days, but after that the difficulty increase about 10-20% and your profit drop, which this will happen every 2 weeks until you pay more electricity then you get.

[DrG]

Hi guys.

I'm thinking about buying an Asic Miner (1000Gh/s). I checked coinwarz.com and with that speed, I'm (supposed to be) able to make 28 usd a day, or 23 usd counting electricity cost. That's an estimate of course.

Is that a realistic expectation? I know the difficulty increases and the profit decrease with time. My doubt is… how long should I expect to make no money out of the machine? Couple years?

I imagine I should join a pool.
-What should I consider when joining a pool?
-When I join a pool, the more I contribute (in hash power), the more my payout is?
-It's more profitable to join Ghash.io or p2pool?

Thanks in advance.

The most important thing is difficulty, your net profit might be 23 usd today and for the next 5 days, but after that the difficulty increase about 10-20% and your profit drop, which this will happen every 2 weeks until you pay more electricity then you get.

Actually it's more like every 11 days.  If there was no growth it's 2 weeks.  The simple fact is what most time based calculators mess up on.