Hey all I just staarted mining with my Gridseed ASIC 10 Ghs and am wondering if the 170 i paid for it was a waste or should I stay in for the long haul for my plan to buy a 1 Ths rig. within 2 days i have earned 0.00024 BTC
You tell us. Surely, you have done the math. You wouldn't buy a magic money-making machine without knowing how much money it will make would you?
Exactly. You should do the research, or to the least ask the profitability question here before you buy the miners.
Assuming the difficulty will go up 10% each time, that 10 GH/s will bring you about 0.024 btc at the end of 2015.
So even if you have free electricity, you will get way less bitcoin than you could have bought with your $170.
https://bitcoinwisdom.com/bitcoin/calculator