Quote from: ajw on August 29, 2013, 11:17:22 PM

Quote from: Ejay424 on August 29, 2013, 07:01:13 PM

Hello, I've just got into bitcoin mining and want to invest more into it. I was going to start on the butterfly labs jalapeno, but people on another forum have told me that it's not going to work out for me, something to do with difficultly. (Don't know much about it) Could somebody help me determine if I will be making profit or not. I've been looking at online bitcoin calculators, mining at 5000Mh/s should get me $13 a day, so in a month, I should have my money back. (Miner = around 250-300) So, what do you guys think? Do I need to look at upgrades or something? (tight budget :/) Also, I've heard of time kind of over clocking for the butterfly labs jalapeno, for like 8Gh/s

Thank you for ready!

honestly this is one of those things you need to spend time and effort figuring out yourself...would you take all your money to a drug dealer and say...which drug can I resell for the most profit? You really think he would tell you? I think he would sell you HIS most profitable drug instead.

When they say 2-3 months out they are lying to you...its more like 9-15 months out.

It also depends on timing. First in line Avalon and BFL customers did make a huge chunk of money. But there is another factor in the calculations also. Bitcoin can stay stable, crash bigtime or skyrocket. So if you are not a gambler, and/or can`t afford loosing all your investments, Bitcoin is not for you.

I`m actualy putting together a GPU-rig to mine alt-coins trough the winter. Even if it (at some point) use more power than it makes up for in $, it`s still a good alternative for electric heating.