Still buying Hardware?

[jsgayo]

not buying any hardware at the moment.  difficulty toppled with low btc price makes it easier to just buy the coin for the time being. 

I haven't buy hardware.This fear can not return.

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[seriouscoin]

bump, because i believe some new idiots are coming our way. Read up dumbfck!

[TheDragonSlayer]

Still buying hardware but mostly cloud mining

[dsattler]

I'm selling.

I have an SP10 in an auction here, if you're interested:

https://bitcointalk.org/index.php?topic=827695.msg9248128#msg9248128

[hobala]

hardware? of course not,i have use could mining now.

[Houseman]

Selling.

For me unless there is a dramatic trend shift in the underlying factors such as:

1. Bitcoin price UP (a lot)
2. Difficulty DOWN
3. Global hash rate DOWN
4. Electricity price DOWN

Then home mining is mostly a 'hobby' and not financially viable anymore. Industrial scale mining farms is where its at...

I posted only yesterday about selling my miners https://bitcointalk.org/index.php?topic=831095.0

[Muscleminer]

it is a hobby, for many of us, even with free electricity it is sometimes hard to get roi.

[mavericklm]

If you sell cheap, then yes i do!

[RobFordWotWot]

I got a slick set of Alan Wrenches for five bucks at a yard sale last Sunday.

[Johanna]

Selling.

For me unless there is a dramatic trend shift in the underlying factors such as:

1. Bitcoin price UP (a lot)
2. Difficulty DOWN
3. Global hash rate DOWN
4. Electricity price DOWN

Then home mining is mostly a 'hobby' and not financially viable anymore. Industrial scale mining farms is where its at...

I posted only yesterday about selling my miners https://bitcointalk.org/index.php?topic=831095.0

Agree, cause its like totally opposite for 1-4..

[aDude]

for the record, i live in Douglas County Washington and pay $0.029 per kWh, or less, in theory the "daily fee" would be lower per kWh. thats all in, after taxes and fees are paid.

for the know it all that wanted to bash this area... Wenatchee, where Chelan and Douglas counties meet, is probably around 90k people, Microsoft, Blackrock and Yahoo have datacenters here, something like 300k sq/ft with plans for over a million sq ft. There isnt an incredible economy but it does exist. This area is quite beautiful and has been ranked in the top places to live in america a number of times. likewise leavenworth is right up the road and it has ranked on most beautiful places to live in the world. we have world class skiing, hiking, climbing, fishing and anything else you might want to do outside. Chelan, Douglas and Grant counties are also about 20% of the total acreage of washington, so not really a "small" place.

[Soros Shorts]

Still buying? Not until something comes out that is significantly more efficient than 0.55 J/GHs at the wall. And that would depend on the price too.

[rammy2k2]

nopes ... with this btc price ... there is no hardware to make roi

[opieum2]

Mining only makes sense at larger scales right now and with price being what it is, its thin margins at best. You have to be able to run at LEAST 10Ths as of this writing to even hope to make any kind of worthwhile returns. And even that is not much. Home mining is dead really. If you are going to mine it has to be an industrial mine. Best thing is plan for scale. But like any business growth will have to be managed and in the beginning returns will be very low. But like all things, most mining operations will fail due to lack of knowledge in one area or another. Now it must be a full fledged business to have a chance at working. And even that is not guaranteed. For those who want a quicker entry, buy/sell BTC is the better bet.

[Xian01]

Nope. Cheaper to buy BTC directly with fiat right now vs purchasing a miner to acquire the same amount.

I was tempted to buy a 1.4 TH Prisma @ ~ 1.4BTC, but I can't rationalize reinvesting my mined coins to purchase it right now as it will likely never generate the 1.4 BTC back over it's lifetime.

If I were to buy a miner priced in BTC, I wouldn't touch my stash; would head to Coinbase, buy some BTC with fiat for the purchase with USD.

Haven't even picked up an Antminer S4 as I can't rationalize that purchase either, given Bitmain's track-record lately

Feels like the entire mining landscape is in a funk right now.

Have my 12TH farm that I'll probably keep running until the components die or I get bored of things. Will always continue to run a full Bitcoin node.

[sumantso]

As soon as the first ASICs came in a year back, small scale mining was over. It is very difficult to get RoI, and the only who actually makes a profit are the hardware companies.

Initially they had a grand business model - build the latest model with advance payment, use it to mine till difficulty goes up, ship it and then use the next advance payments for the next upgrade.

[IbnBattuta]

Really unbelievable, I still buy the miners. BTC Mining is going on. We have to be a cold winter, and I have a big house.
   

That was the reason I bought 13 antminers cheap. They a already at betarigs giving me better profit the mining directly BTC and  my flat is hot now.

[raskul]

my house needs heating in the winter. i'd rather have some kind of 'money back' on that, than none.
once a miner, always a miner 

[philipma1957]

went from 2 to 4 to 10  s-3's  and I purchased 4 or 5 coins.

I pick off used s-3's for about 200 usd on ebay.

   comes to 600usd  for 1.4-1.5th


I plan to go to 14 in house. will heat my home with them and at 200 usd more or less I won't lose much.

These can under clock / under volt to   around .65 watts a gh. hashing at freq 200 giving 400gh at 260 watts.

[IbnBattuta]

But it seems that I have to change the fans. Too noisy.