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Author Topic: Is this still a profitable investment as of today (2/22/15)  (Read 2400 times)
holmes3
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February 22, 2015, 05:35:24 AM
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Hello everybody,
The subject title basically says it all. If I was to invest in a rasberry pi board along with a powered usb block erupter and about 5 or 6 2+gh/s usb's what type of income "could" I expect. I know that there is the difficulty figure to add in, along with the actual bitcoin value and possibly the electricity cost (adding taxes and fee's I'm at $0.15 per k/w). I'm not looking to make a fortune, but if there is a reasonable income that I could make then that might be worth it to me. Is there anyone who is running a similar hash rate?
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February 22, 2015, 05:52:55 AM
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Anything lesser than a few THs would probably not give u a decent profit, if you are doing it for fun or research purposes, go ahead

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February 22, 2015, 06:13:47 AM
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As long as you are accumulating and you don't care about operating/maintenance costs then go for it.  Any accumulation of  digital currency is a good thing as long as it is with your means and ideally profitable.  but yeah, you have to calculate your own electricity costs for that.  there are various roi calculators on the interwebs too


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February 22, 2015, 09:37:34 AM
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Unless you have a super efficient miner with low electricity cost, it would be more logical to just buy the coins directly.

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February 22, 2015, 01:02:05 PM
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i would say no, unless you want to go big with cheap electricity contract
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February 22, 2015, 01:34:32 PM
 #6

Hello everybody,
The subject title basically says it all. If I was to invest in a rasberry pi board along with a powered usb block erupter and about 5 or 6 2+gh/s usb's what type of income "could" I expect. I know that there is the difficulty figure to add in, along with the actual bitcoin value and possibly the electricity cost (adding taxes and fee's I'm at $0.15 per k/w). I'm not looking to make a fortune, but if there is a reasonable income that I could make then that might be worth it to me. Is there anyone who is running a similar hash rate?

Put numbers inside a bitcoin calculator like this one : https://alloscomp.com/bitcoin/calculator , it will show you how much you can expect, then just deduct power costs and you will have your answer.
In my opinion, theres no point in mining on a small scale anymore, it has become an industrial profession long time ago, and i doubt u can compete with them.
If you're just having fun thats ok, but dont expect profits.

cheers

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February 22, 2015, 01:40:59 PM
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Not a chance in hell.  A 1th miner should cost under $100 and unless you have free power, you are screwed. 
I occasionally look to see if anyone has there head on straight and actually wants to sell a miner for what it is worth, but nope.
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February 22, 2015, 03:58:06 PM
 #8

Go to coinwarz.com and calculate the coin profits of any coin given your hash rate and electricity expenses.
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February 22, 2015, 05:53:09 PM
 #9

Bitcoin is a profitable investment per se. But miners? I don't think so. Given the difficulty and several maintenance costs that a miner demands, a decent profit may be out of your way. If you're doing this for educational purposes or just a hobby, go ahead. There are also different altcoins out there that share the same algorithm with bitcoins. Try to mine them if you see that they may get you a better profit rather than mining bitcoins. Good luck. Have fun mining. And remember not to go beyond the point of selling your assets just to cover up your losses.  Wink

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February 23, 2015, 05:03:21 AM
 #10

I don't think mining is at all unless you get a SUPER low price on energy. 

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February 23, 2015, 11:07:12 AM
 #11

Bitcoin is a profitable investment per se. But miners? I don't think so. Given the difficulty and several maintenance costs that a miner demands, a decent profit may be out of your way. If you're doing this for educational purposes or just a hobby, go ahead. There are also different altcoins out there that share the same algorithm with bitcoins. Try to mine them if you see that they may get you a better profit rather than mining bitcoins. Good luck. Have fun mining. And remember not to go beyond the point of selling your assets just to cover up your losses.  Wink

How is it? Bitcoin USD denominated price has been falling for more than a year now. Please don't say that it might grow back in the future, since it might not at all (and may actually crash).
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February 23, 2015, 11:17:27 AM
 #12

Hello everybody,
The subject title basically says it all. If I was to invest in a rasberry pi board along with a powered usb block erupter and about 5 or 6 2+gh/s usb's what type of income "could" I expect. I know that there is the difficulty figure to add in, along with the actual bitcoin value and possibly the electricity cost (adding taxes and fee's I'm at $0.15 per k/w). I'm not looking to make a fortune, but if there is a reasonable income that I could make then that might be worth it to me. Is there anyone who is running a similar hash rate?

Just wait, till you are sure the price goes up. Else don't.

I think it will go up soon. But I could be wrong..
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February 23, 2015, 02:09:24 PM
 #13

With USB miners you won't even get your money back. If you bought them already, sell ASAP, because their value will go down every month.
If you really want to mine, look for a used miner s3 (but you probably won't roi with it unless you have free power) or gather more cash and buy a more efficient miner.

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February 23, 2015, 09:31:37 PM
 #14

From what I've read about usb mining it's a no go. You could invest into a bigger miner(1th/s) and
do ALOT better.

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