Post
Topic
Board Mining (Altcoins)
Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!
by
jrose120
on 12/04/2015, 23:49:52 UTC
Let me get this straight. Their miners will run at 14 Watts per 1Mh/s which means:

If you had your rigs right now, say the 50Mh/s Viper, and you pay $0.10 per KWH as we do in the Florida. A 50Mh/s Viper would currently earn $1.80 per day in LTC, of which $1.68 goes to cover power costs, leaving $0.12 in profit. If you ran it for a year straight, assuming no changes in price or difficulty, it would earn $43.88 annually. With the cost of a 50Mh/s Viper at approx $1950 USD it would only take about half a century to ROI, yes that's 50 years.

I have to say I'm actually surprised that these things even make that much, I fully expected it to run at a loss. Why are they still working on this paper weight? There is no demand for it, why make it at all? Just ship people a metal box with a hair dryer inside of it along with some blinking lights and call it a day?