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investing on a rig worth it?
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Topic: investing on a rig worth it? (Read 798 times)
supermandead
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investing on a rig worth it?
June 02, 2012, 05:34:05 AM
#1
do you guys think it is worth buying a rig solely for bitcoin in long term?
Stephen Gornick
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Re: investing on a rig worth it?
June 02, 2012, 05:43:16 AM
#2
Quote from: supermandead on June 02, 2012, 05:34:05 AM
do you guys think it is worth buying a rig solely for bitcoin in long term?
Depends on a few factors.
Firstly, what is your cost of electricity?
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Gladamas
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Re: investing on a rig worth it?
June 02, 2012, 05:44:25 AM
#3
Quote from: supermandead on June 02, 2012, 05:34:05 AM
do you guys think it is worth buying a rig solely for bitcoin in long term?
This depends on
many
factors. I recommend looking at
http://bitcoinx.com/profit/
to see what time frame you're seeing break even. I would go with FPGA vs. GPU in the long run (more energy efficient).
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supermandead
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Re: investing on a rig worth it?
June 02, 2012, 07:22:01 AM
#4
.09 cent .
jurgmurger
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Re: investing on a rig worth it?
June 02, 2012, 09:13:24 AM
#5
http://www.woodrell.com/joe/bitcoin/mining_sheet.zip
I'm looking at this too. For profit, cheap electricity and parts are key. In the spreadsheet change the value from 50 BTC to 25 per block (end of this year). Then, with GPUs, you'll mine for the sake of keeping bitcoin going.
bjornsni
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Re: investing on a rig worth it?
June 11, 2012, 08:57:55 PM
#6
Quote from: supermandead on June 02, 2012, 07:22:01 AM
.09 cent .
That's what I pay during the summer...I've seen a lot worse and people still are profiting.
+1 fjordbit +1 fefox +1 tgmarks
Luceo
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Per aspera ad astra!
Re: investing on a rig worth it?
June 11, 2012, 09:03:25 PM
#7
If anybody knew for certain whether it was worth it, it wouldn't be worth it because difficulty would skyrocket.
It all depends on a number of factors:
- Price of electricity
- Price of the rig
- Mining efficiency of the rig (kWh/MH)
- Future difficulty of Bitcoin
- Future price of Bitcoin
You can only predict the last two as nobody knows for sure where they're going.
I had some mining rigs and switched them off last November after running without profit for over 2 months. I was able to liquidate the components for a fair % of their original purchase price, and overall made a fairly substantial profit (> 20% in 6 months). YMMV.
Luceo
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bitcoinmaster
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Re: investing on a rig worth it?
June 11, 2012, 09:05:05 PM
#8
Depends on your price of electricity, how long you will have it running, initial investment and hashrate! I'd say go for it!!
cirthix
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Re: investing on a rig worth it?
June 11, 2012, 09:39:40 PM
#9
mining is best when you do it on one or two cards that you already have for gaming
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