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Re: Butterfly Labs Single SC Availability?
by
Unacceptable
on 06/10/2012, 22:14:26 UTC
If the current exchange rate holds anything above 2btc (preferably 5) a day would be acceptable.

with 40 x current difficulty you would need to invest at least 10 000 USD to mining hardware (based on current ASIC hardware pricing and current exchange rate) to mine 2 BTC/per day Smiley



Damn, that makes it a bit out of my reach. The highest investment I was considering was a little single. That would be about $700 with shipping. Considering what I would earn at current difficulty (13btc) that would make daily earnings about 0.325btc(@ 40x difficulty). That about 4$/day so it would take 175 days to recoup the investment. This isn't going to make me rich  Roll Eyes

I'm planning a btc project too so I'll keep to that for now. Don't think i'm going to invest in mining. I'll check up on the matter, still interested but think I missed the mining boat..

Do what I'm planning to do.

Buy one now,reinvest that BTC & some cash into another & so on,until you have met a goal.My goal is to get as close to $500 a week in BTC as possible  Cool

If things go belly up for whatever reason,you can always sell your equipment (to other miners) to recoup at least 25-75% of your investment.Depending on the "belly up" reason of course.

As long as you don't put in MORE than you can lose,you should be able to break even at least,IMO............