Are any ASIC miners making ROI anymore?

[ALToids]

If your power is free you have a better chance of getting +ROI but some miners like the SP30 will be negative even with free power - their pricing is just too high to begin with.

[cloverme]

I recently liquidated a large portion of my asic farm, partly to invest in some more efficient gear later on. The mining gear that is out right now doesn't provide a good ROI.  I figure the sweet spot would be around $100 a day, 30-45 day ROI, so you would be looking at 6 to 9Th/s for around $5k.   No one is making equipment in that class for that price, it's about double that price at this point.

I was recently at a bitcoin conference and was talking to a guy who had built a mining farm in washington state where power is cheap. He invested about $400k in mining equipment late last year, his total farm is 11Th/s.  He realized around March this year, that he's never going to profit because he didn't really understand difficulty and for Q1 bitcoin was in the $300-$400 range.

I would expect to see more of the semi-pro miners turn off gear before the 4th quarter and look to either A) just buy bitcoin or B) launch a service or product that is bitcoin related.

[ALToids]

I recently liquidated a large portion of my asic farm, partly to invest in some more efficient gear later on. The mining gear that is out right now doesn't provide a good ROI.  I figure the sweet spot would be around $100 a day, 30-45 day ROI, so you would be looking at 6 to 9Th/s for around $5k.   No one is making equipment in that class for that price, it's about double that price at this point.

I was recently at a bitcoin conference and was talking to a guy who had built a mining farm in washington state where power is cheap. He invested about $400k in mining equipment late last year, his total farm is 11Th/s.  He realized around March this year, that he's never going to profit because he didn't really understand difficulty and for Q1 bitcoin was in the $300-$400 range.

I would expect to see more of the semi-pro miners turn off gear before the 4th quarter and look to either A) just buy bitcoin or B) launch a service or product that is bitcoin related.

While we would all love that I doubt any company would ship a miner that would return that quickly.  If it had that much potential then it would just "sit" on their shelves a few more days, you know, a little more burn in testing would be needed 

[cloverme]

While we would all love that I doubt any company would ship a miner that would return that quickly.  If it had that much potential then it would just "sit" on their shelves a few more days, you know, a little more burn in testing would be needed 

I don't doubt that either heh

Last year, asics were ahead of the difficulty curve. My kncminer in December ROI'd in 23 days. These days you would be hard pressed to get your ROI in less than 45 days.

Maybe we will see some better equipment towards year end. These Chinese manufacturers are going to drive intense competition in 2015 for bitcoin and scrypt mining.

[slashka]

My two cents in your conversation, guys. I've bought a single 5-chip gridseed in 04.2014 for 200 bucks. All I earned is 0.1 BTC. My thoughts are: if you wishh to get your ROI you should invest 5-10k $. But as for the small miners, you will never ROI.

[ranochigo]

While we would all love that I doubt any company would ship a miner that would return that quickly.  If it had that much potential then it would just "sit" on their shelves a few more days, you know, a little more burn in testing would be needed 

I don't doubt that either heh

Last year, asics were ahead of the difficulty curve. My kncminer in December ROI'd in 23 days. These days you would be hard pressed to get your ROI in less than 45 days.

Maybe we will see some better equipment towards year end. These Chinese manufacturers are going to drive intense competition in 2015 for bitcoin and scrypt mining.

I wouldn't expect much of this anymore. You would need a really low electrical cost. As more people are into the mining game, difficulty would increase at a faster rate.

[ALToids]

While we would all love that I doubt any company would ship a miner that would return that quickly.  If it had that much potential then it would just "sit" on their shelves a few more days, you know, a little more burn in testing would be needed 

I don't doubt that either heh

Last year, asics were ahead of the difficulty curve. My kncminer in December ROI'd in 23 days. These days you would be hard pressed to get your ROI in less than 45 days.

Maybe we will see some better equipment towards year end. These Chinese manufacturers are going to drive intense competition in 2015 for bitcoin and scrypt mining.

You earned as many BTC as it would have cost you when you bought the KNC in just 23 days?  I find that impossible.

You mean you ROIed in fiat?  That's possible, but only if BTC went up and you actually liquidated the coin.

[timk225]

I'd love to read a story about someone breaking into one of these ASIC manufacturers and stealing a ton of ASICs.  I'd consider it fair payback for all they have stolen by mining with the ASICs for months before filling the pre-orders.

[ALToids]

I'd love to read a story about someone breaking into one of these ASIC manufacturers and stealing a ton of ASICs.  I'd consider it fair payback for all they have stolen by mining with the ASICs for months before filling the pre-orders.

You don't treat crime with crime.

What you mean to say is you would like to hear a story:
Of how the management one of these companies went to jail for mail fraud/deceptive advertising
Of how one of the CEOs of the company got pancreatic cancer
Of how one of the CEOs was electrocuted to death by their private farm

Something along those lines would be nice.

[timk225]

Mmmmmm.... no, I like my way better.  Your way would make me smile, but my way would put cash in my pocket.

Or, instead of taking the ASICs, find their wallets and transfer all the BTC to my wallet!

[R4v37]

I'd love to read a story about someone breaking into one of these ASIC manufacturers and stealing a ton of ASICs.  I'd consider it fair payback for all they have stolen by mining with the ASICs for months before filling the pre-orders.

You don't treat crime with crime.

What you mean to say is you would like to hear a story:
Of how the management one of these companies went to jail for mail fraud/deceptive advertising
Of how one of the CEOs of the company got pancreatic cancer
Of how one of the CEOs was electrocuted to death by their private farm

Something along those lines would be nice.

Prefer the last one 

ASIC? any old miners wont be profitable anymore, yeah... with this kind of diff.
i suppose, u guys just place it in ur garage, or use it as a heater
its not worth it 

[slashka]

I'd love to read a story about someone breaking into one of these ASIC manufacturers and stealing a ton of ASICs.  I'd consider it fair payback for all they have stolen by mining with the ASICs for months before filling the pre-orders.

That's a good idea! We need just another 14 Ocean's friends   and... Salma Hayek, e.g., to distract the guards  
Why 14? But who then will carry out all the miners from the data center lol

[Harley997]

I'd love to read a story about someone breaking into one of these ASIC manufacturers and stealing a ton of ASICs.  I'd consider it fair payback for all they have stolen by mining with the ASICs for months before filling the pre-orders.

This would hurt no one except the customers who had preordered the ASICs. The customers would have to wait longer for their orders to be filled, while the manufacturer would simply have to bear a small increase in their production costs as it does not cost very much to build these machines. The major costs are in the R&D phase of production.

[kgb2mining]

They key is cheap power and your $/Ghs ratio.  If you can attain a farm larger than 5Th/s under $1/Ghs for under $.10/Kw you should ROI in around 90 days,and turn a small profit before having it flatten out and turn negative.

No, that's nowhere near the 30-45 you'd like to see, but still, it will at least return something.  Plus if you liquidate the equipment after you're ahead of the game.

Not everyone can assemble that type of a farm for themselves easily, so that takes they hobbyist out of it.  But any semi-pro should be able to do it if they line up things properly.

[philipma1957]

While we would all love that I doubt any company would ship a miner that would return that quickly.  If it had that much potential then it would just "sit" on their shelves a few more days, you know, a little more burn in testing would be needed 

I don't doubt that either heh

Last year, asics were ahead of the difficulty curve. My kncminer in December ROI'd in 23 days. These days you would be hard pressed to get your ROI in less than 45 days.

Maybe we will see some better equipment towards year end. These Chinese manufacturers are going to drive intense competition in 2015 for bitcoin and scrypt mining.

You earned as many BTC as it would have cost you when you bought the KNC in just 23 days?  I find that impossible.

You mean you ROIed in fiat?  That's possible, but only if BTC went up and you actually liquidated the coin.

btc roi is  meh.   if you have 10 btc today july 14th 2014  it is worth 6300 usd.

 if you have 7 btc Nov. 2013  it was worth  about 7700. 


 So   the guy with 7btc  then and 10btc now made a btc profit of 3 btc.

but he lost 1400.

Mining gear is about active investment .  buy and hold is about passive investment. 

 completely different  don't compare them it is a trap.

[ranochigo]

They key is cheap power and your $/Ghs ratio.  If you can attain a farm larger than 5Th/s under $1/Ghs for under $.10/Kw you should ROI in around 90 days,and turn a small profit before having it flatten out and turn negative.

No, that's nowhere near the 30-45 you'd like to see, but still, it will at least return something.  Plus if you liquidate the equipment after you're ahead of the game.

Not everyone can assemble that type of a farm for themselves easily, so that takes they hobbyist out of it.  But any semi-pro should be able to do it if they line up things properly.

ASIC sellers always overpriced their machine. Even if your $/Gh level is cheap, people would also be buying one of those hardwares and difficulty would rise easily. You also have to consider about the efficiency and the expected lifespan. Cooling may also be a problem.

[lightfoot]

ASIC sellers always overpriced their machine. Even if your $/Gh level is cheap, people would also be buying one of those hardwares and difficulty would rise easily. You also have to consider about the efficiency and the expected lifespan. Cooling may also be a problem.

Overprice is a complicated word. If the asic companies priced it for less then more people would mine, difficulty would go up, and more people would complain about "not making ROI"

And people would buy the miners for less, then sell them on Ebay for "more" and pocket the difference. Who is adding more value here, the company who makes it or the middleman who marks it up for profit?

The root problem is Bitcoin mining is a perfect marketplace where the cost of entry is low and profits are not possible to make. That is a flat fact, and it is the lack of this kind of understanding that drives 99% of the Bitcoin angst here. :-)

Wait, we should build a miner powered by BITCOIN ANGST! :-)

[FlyForFun]

If your power is free you have a better chance of getting +ROI but some miners like the SP30 will be negative even with free power - their pricing is just too high to begin with.

I believe antminer s3 is the closest to ROI if the difficulty did not increase much like the last one.

[Bitsaurus]

If your power is free you have a better chance of getting +ROI but some miners like the SP30 will be negative even with free power - their pricing is just too high to begin with.

I believe antminer s3 is the closest to ROI if the difficulty did not increase much like the last one.

The S3 boat has sailed since they have already sold 3 batches.  By the time you get 1 now you'll be at least 1 difficulty behind.

[chopstick]

if you believe in the future of bitcoin and that it will hit 10K or more, then technically everyone here will make ROI assuming they hold their coin. The question is whether or not you would have made more bitcoin just from outright buying coins as opposed to mining.  Making lots of $$$ off mining in the short term is a very difficult if not impossible thing to do now.