Ninjastic
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Board Mining speculation
Re: Is it worth buying equipment for $5k or so?
by
hobbymd
on 05/02/2015, 17:29:01 UTC
Quote from: sickhouse on February 05, 2015, 04:44:20 PM
Quote from: ChuckBuck on February 04, 2015, 05:44:31 PM
Quote from: sickhouse on February 04, 2015, 02:49:04 PM
Quote from: malumeze86 on February 04, 2015, 04:32:36 AM
Quote from: sickhouse on February 04, 2015, 04:22:07 AM
Will I make a profit on this? I am starting to give it serious consideration, but as far as I am concerned the whole shit is a scam and you always end up going negative profit when you buy hardware as new stuff is always around the corner. What will $5k give me today TH/s wise?

I think you answered your own question: "the whole shit is a scam and you always end up going negative profit when you buy hardware:

If I had $5k to blow I would just buy BTC with it.  

But I don't have a lot of extra space for mining and the price of electricity is quite high.    

If you buy BTC with your money you have a chance at making money OR losing money.  

If you buy mining equipment AND you have access to cheap electric you MIGHT make some money, on the flip side, you could lose money....

It's really up to you....  

 Cheesy

My electricity cost is very cheap, I have 1 regular computer running 24/7 and one laptop running 24/7. On top of that I have 5x ASIC 333 mh/s memories mining constantly, and they are in a USB-hub, I rarely turn off the lights but my electricity bill lands around $40 a month so that wont be a problem.



The difference in power cost in running a USB miner and a Bitmain S4/S5 or Spondoolies Tech SP20/SP35 is substantial.

You'd need to know your electrical rate k/WH.  If it's $0.06 k/WH or lower, then I'd consider mining.  If it's $0.10 k/WH or higher, I'd say forget about it.

Not only do you have to factor in this cost, you'll have to find out if your house or hosting center electrical circuit can handle the power requirements and total circuit load.  The SP35 requires a 208V power outlet.

If you pass these requirements, then probably no better deal than this mini farm:

http://www.spondoolies-tech.com/products/holiday-special-sp20-mini-farm-batch-2


You are right, my apartment wont have enough power anyway to run that expensive EQ. How about $1k or so? Could that be worth it or should I just say fuck it I'll get cloud mining instead?

What would you experienced people who has payed and sold EQ earlier done?


I don't understand why you're  so adamant to piss away your money so quick Huh be it in real hardware or cloud? 

ask yourself, if you had a cloud mining operation that was profitable would you share it here with other people at cheap prices? unless you are in charity business  Grin no one in the right mind would  !!

so you do the math behind the scene and quickly realize that the only way to profit from cloud mining, is to sell it to a greater fool... errr i meant customers  Grin hence it becomes a game of passing hot potato to next person before it expires  Grin