Quote from: Unacceptable on October 06, 2012, 10:14:26 PM

Quote from: toonevdb on October 06, 2012, 01:04:18 PM

Quote from: benco on October 05, 2012, 07:58:52 PM

Quote from: toonevdb on October 05, 2012, 04:11:55 PM

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

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............

Someone please correct me if I'm wrong, but if things really do go belly up, the ASIC units are not like video cards and likely going to have basically 0 resale value. I might be mistaken, but I'm pretty sure the ASIC is going to be built specifically for BTC mining and won't be able to do anything else. Can someone verify that?