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acaciosc (OP)
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November 13, 2014, 05:09:30 PM |
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Hi,
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
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philipma1957
Legendary
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Activity: 4116
Merit: 7851
'The right to privacy matters'
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November 13, 2014, 05:12:02 PM |
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Hi,
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
400 usd is far too high a price http://zoomhash.com/collections/asics/products/copy-of-plug-and-play-230-250mhs-5000w-scrypt-asic-package-domestic-usa-only-ships-from-los-angelesi had some of the above decent gear the cost is 289 + 60 to ship to New Jersey from west coast. you pay 350 usd use paypal to pay and get 23mh it uses under 500 watts. |
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acaciosc (OP)
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November 13, 2014, 05:20:44 PM |
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But I don't live in USA. So I'd have to pay for importation, which is not cheap. In fact, it makes any bought overseas ASIC expensive.
Is mining worth actually? I would buy a scrypt miner (5.6 MH/s), but I just gave up when I saw Lottocoins costs 0.00000056 LTC (I was about to get one miner, until I saw it was showing in LTC, not BTC).
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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November 13, 2014, 05:24:27 PM |
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Hi,
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
400 usd is far too high a price http://zoomhash.com/collections/asics/products/copy-of-plug-and-play-230-250mhs-5000w-scrypt-asic-package-domestic-usa-only-ships-from-los-angelesi had some of the above decent gear the cost is 289 + 60 to ship to New Jersey from west coast. you pay 350 usd use paypal to pay and get 23mh it uses under 500 watts. Way to high for my top of line A2 30 MHz mini (uses 330 watts). I sold last week for around 475 including shipping. You can get the 1k for 30 MHz even cheaper. But I would warn at this point 30 MHz using 1000 watts is getting closer and closer to end of it's mining life unless you don't pay electricity. |
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jawitech
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November 15, 2014, 08:36:13 AM |
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But I don't live in USA. So I'd have to pay for importation, which is not cheap. In fact, it makes any bought overseas ASIC expensive.
Is mining worth actually? I would buy a scrypt miner (5.6 MH/s), but I just gave up when I saw Lottocoins costs 0.00000056 LTC (I was about to get one miner, until I saw it was showing in LTC, not BTC).
Are you from Europe? If yes, check eBay. Got some Zeus Blizzard 3.6 MH/s for around 110 EUR each. Using a multipool with merge mining (Doge, uLTC, Sys, PTC) and some good coins will bring you approx. get 0.0002-0.0003 BTC/MH/Day. ROI within 100 days might be possible (in case BTC price will remain at around $400). Interesting pools: https://www.ipominer.com/http://hash-to-coins.com/https://coinking.io/https://give-me-coins.comhttps://www.litecoinpool.org/ (LTC pool paying PPS) http://www.coinmine.pw |
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ObscureBean
Legendary
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Activity: 1148
Merit: 1000
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November 15, 2014, 10:59:00 AM |
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I would say it's not worth it, 5.6 MH/s Scrypt hash power is just too little nowadays. You be better off using the $400 to buy some Hashlets (virtual miners) from GAW. If you're lucky you could get maybe 9 or 10 Prime Hashlets from the Hashmarket with your money. Each one of these is 1MH/s of scrypt and they are lifetime contracts  |
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acaciosc (OP)
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November 27, 2014, 09:27:37 PM |
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I would say it's not worth it, 5.6 MH/s Scrypt hash power is just too little nowadays. You be better off using the $400 to buy some Hashlets (virtual miners) from GAW. If you're lucky you could get maybe 9 or 10 Prime Hashlets from the Hashmarket with your money. Each one of these is 1MH/s of scrypt and they are lifetime contracts But is not too risky to invest our money in a company which we don't even know where it is located? I mean, Zen is not the same Company as Gaw miners, right? And hey american friends, have you ever seen personally Gaw Miners ultimately? Because I noticed in their website that even their certification does not show from where the company is anymore (before, it showed it is/was from Connecticut). It's now shown "this site does not provide identity information". The same as in ZenPortal... |
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Hippie Tech
aka Amenstop
Legendary
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Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
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November 27, 2014, 11:40:20 PM |
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Each one of these is 1MH/s of scrypt and they are lifetime contracts How many said something similar about GOX ? lol.. We're supposed to free ourselves from 3rd party intervention. NOT the other way around.  |
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adaseb
Legendary
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Activity: 3752
Merit: 1710
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December 05, 2014, 02:00:45 PM |
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Its not worth it. You will make $0.50 a day if you have free power. Even at $400 you would never ROI.
Stay away
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OrientA
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December 05, 2014, 04:15:03 PM |
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It is not worth it.
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FreeJack2k2
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December 05, 2014, 09:39:45 PM |
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Right now, at retail prices for hardware, mining isn't really very worthwhile. You would never see that hardware earn $400 on almost ANY coin, to pay for itself. Most hobbyists do it for fun, or they have a situation where they get free power and don't have to worry about expenses, beyond the cost of the hardware. But for everyone else, it has grown increasingly unprofitable. Hardware manufacturers, in my opinion, are gouging retail miners with their prices. So are most cloud mining services. Unless the coin price switches into a STRONG bull run and explodes upward (unlikely right now) my mining is more or less on hold, until prices of both hardware and coin come into a more copacetic relationship.
I'm taking the money I would have spent on hardware and putting it in coin to sit on, in the meantime.
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acaciosc (OP)
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December 06, 2014, 02:09:19 AM |
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Right now, at retail prices for hardware, mining isn't really very worthwhile. You would never see that hardware earn $400 on almost ANY coin, to pay for itself. Most hobbyists do it for fun, or they have a situation where they get free power and don't have to worry about expenses, beyond the cost of the hardware. But for everyone else, it has grown increasingly unprofitable. Hardware manufacturers, in my opinion, are gouging retail miners with their prices. So are most cloud mining services. Unless the coin price switches into a STRONG bull run and explodes upward (unlikely right now) my mining is more or less on hold, until prices of both hardware and coin come into a more copacetic relationship.
I'm taking the money I would have spent on hardware and putting it in coin to sit on, in the meantime.
That's what I thought. So I think I'm going to simply hold Bitcoins while the prices are low and sell them when they are high. It's a good step to get a lot of money, right? |
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XFire
Newbie
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Activity: 17
Merit: 0
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December 06, 2014, 07:09:43 AM |
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Its not worth it. You will make $0.50 a day if you have free power. Even at $400 you would never ROI.
Stay away
I agree with this. It really isn't profitable to mine coins in the current market condition. |
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Jackson86
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December 06, 2014, 11:51:29 AM |
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you'd better not buy any hash now days
it's Profit is small and even at a loss
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oureptsC
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December 06, 2014, 04:25:51 PM |
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$400 is definitely too much. Look for another hardware or virtual mining/contract. Or spend your money for something else.
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XFire
Newbie
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Activity: 17
Merit: 0
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December 06, 2014, 09:11:51 PM |
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Hashlets may be an option but I do think there are much better was to spend your $.
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FreeJack2k2
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December 07, 2014, 12:48:46 AM |
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Hashlets may be an option but I do think there are much better was to spend your $.
Like throwing your money down a rat hole. |
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AJinNYC
Member
Offline
Activity: 84
Merit: 10
Bored with you morons.
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December 07, 2014, 01:14:01 AM
Last edit: December 07, 2014, 02:42:19 AM by AJinNYC |
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Hi,
I'd like to know if it's worth paying ~$400 for a 5.6 MH/s Scrypt miner actually. I don't know about mining in solo mode, so I have no clue if it's worth. I noticed that, according to Coinwarz, RonPaulcoin takes only "0.16" days to generate one block in mining solo... What does that mean?
While mining in a pool with any scrypt miner, regardless of the coin mined, looks like isn't worth at all.
If you're going to spend that much wait for the AntMiner L1... $600 for 120MH/s. That's $5 per MH/S not $75 per MH/s. |
Done with this forum. Goodbye all.
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bitcoinmining
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December 07, 2014, 01:14:17 AM |
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The price is very high and mining is not so profitable at this moment. It's better to buy BTC with it |
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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December 07, 2014, 07:31:48 AM |
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The price is very high and mining is not so profitable at this moment. It's better to buy BTC with it mining is better than buying directly, because can makes you more btc, buying and holding cannot, this is not the case of course... |
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