I've only started recently researching bitcoin mining, and I'm looking for suggestions. I've run a few calculations, and from the rigs and ASICs I've seen available, I don't see anyway I could turn a profit. I feel like I must be missing something obvious here. Many ASIC sellers seem to be unreliable, and preorders make most new products very cost inefficient. I'm new to mining, I want to make a profit, and I'm willing to spend up to $1500 on starting hardware. Energy here is a mere $.081/kWh as well. I've been using
http://www.bitcoinx.com/profit/ to take a look at some potential ASICs, but I just don't see where the profit is. It can be done, and I want to know how.
I've already done a deal of research on the topic, and understand the basics. What else can I do? I'm currently looking at the AntminerS1 for ~$320, what would that calculate to? Each of the sites I've checked for profitability give a vary wide variance.
I'm open to any suggestions. Should I go for it?