Quote from: IanFoxley on October 07, 2015, 06:24:26 PM

I did something a little crazy today.

I purchased 300 MH/s of X11 hashpower.

The total price was 22.1385 BTC or at the time 5429 USD.

At the moment with BTC (AUTO) this means I will get around 0.09 BTC a day so if things go ok and payouts seem stable then it could be quite profitable.
This will be for 1 year and also maintenance costs are already included in the price.

Looking at GPU prices, to mine 12 MH/s X11 at home requires something like a GTX 980TI GPU and that costs around 700 USD or in the UK over 600 Pounds.

So for me purchasing 300 MH/s this way seems a bargain compared to the amount of GPUs i would have to purchase to do this.
300 MH/s X11 would require 25 Nvidia 980Ti Graphics cards, so 25 x 700 = 17500 USD or for me in the UK 25 x 600 = 15 000 GBP or almost 23 000 USD. Yep, you USA guys get quite a good deal on hardware.

Then I would have to purchase mainboards, memory, install OS's and PSUs etc and then having to then pay the electricity costs on top which is already included in the price I paid.

If the payouts continue to be 0.09 BTC a day, although naturally Crypto is an ass and will punish me down the line, it could be possible that if Crypto is kind that I could make ROI in 245 days leaving the other 120 days as profit but as we all know, it never works out like this most of the time.

Just hope some big baddass X11 Asics do not come out in the future although I am not aware of anything apart from some USB Stick X11 miners which might or might not exist. Some people have ordered them, but not sure if they have actually got them or not or if they work.

Wish me luck!

Ian

Hi Ian

That is a huge investment

I hope all goes well for you.
I'm holding some satoshi's to invest in some ghs of S7, what are your thoughts on it?

I have a question regarding hashnest if you may... Its regarding there graphic
The serpent like line, before it was most of the time on about 0.01, now days its lower than 0.008.

What does this mean? That mining is becoming less and less profitable correct? And this values going down is because of the difficulty increase?

Thanks in advance.

PS: Still getting exactly the same value per ghs from genesis has you.