Is mining worth it for new miners?

[jetheridge]

Hi folks.

I'm just getting into this mining lark.
I've got 3 antminer U2+ units and fit a bfl 30ghz box cheep off ebay.

Currently I'm not expecting to make any ROI... More a thing of interest.

However is there any profitability with mining? I'm seeing people say that even the S1's are no longer retuning the ROI.

Any thoughts? Any advice?

Cheers
Jason

[KWH]

This has been beat to death and recently. Please read through the forum, you will get all the answers you need.

[silvestar]

This has been beat to death and recently. Please read through the forum, you will get all the answers you need.

It is a bit too late, as OP has already bought the ASICs "cheap" off ebay...
On the bright side, he is mining for fun.

However is there any profitability with mining? I'm seeing people say that even the S1's are no longer retuning the ROI.

Sorry to tell you, but I don't think you can get ROI at all, unless you get extreme luck in solo-mining...

[DrG]

No mining equipment out in 2014 has been shown to make ROI (BTC --> BTC back).  The rare cases in 2013 were Batch 1 of Avalon and a few KNC orders early on.

Mining is for supporting the network and having fun (and maybe anonymous block rewards if you need that).

[Fireblade]

No mining equipment out in 2014 has been shown to make ROI (BTC --> BTC back).  The rare cases in 2013 were Batch 1 of Avalon and a few KNC orders early on.

Mining is for supporting the network and having fun (and maybe anonymous block rewards if you need that).

Don't forgot the first couple of batches of the Antminer S1. Some did make their money back in 2 moths.

These days, there is nog equipment on the market with a resoable ROI.

[RoadStress]

Hi folks.

I'm just getting into this mining lark.
I've got 3 antminer U2+ units and fit a bfl 30ghz box cheep off ebay.

Currently I'm not expecting to make any ROI... More a thing of interest.

However is there any profitability with mining? I'm seeing people say that even the S1's are no longer retuning the ROI.

Any thoughts? Any advice?

Cheers
Jason

How much would you like to invest?

[ChekaZ]

I wouldnt suggest you to invest into mining right now, you wont make it ROI better buy the coins directly instead.

[DolanDuck]

This is the worst moment to invest in mining equipment (maybe only scrypt should be ok),
just buy bitcoins from an exchange and hold, you will gain way more money in this way.

[jamesc760]

Mining for profit? Lol. As other have stated above, for new comers, unless you have ton of money/bitcoins/expertise, it's not worth mining, you are FAR better off just buying bitcoins.