Quote from: ProxyDownloads on October 03, 2013, 12:13:08 AM

Quote from: odolvlobo on October 01, 2013, 06:03:56 AM

I estimate that 1 GH/s is worth about 0.2 BTC at most because of the skyrocketing difficulty. If you pay (or recently paid) 0.24 BTC per GH/s, you are going to lose money.

Ok, thanks for the advie. But I did do a bit of research and appearently its legit. I bought 0.42 gh/s with some left over btc I had. Just to try it out. But why would you say it would not be worth at around 0.24? I payed 0.22 btw.

The difficulty is rising quickly and 1 GH/s will mine less and less. My estimate is that the total revenue from a 1 GH/s miner will be less than 0.2 BTC (much less now that the difficulty has risen by 30%), and you paid 0.22 BTC. For example, if the difficulty continues to rise 30% each period for the next three months, here is the revenue from 1 GH/s over that time:

Period	Revenue (BTC)	Cumulative Revenue (BTC)
130	0.0372	0.0372
131	0.0286	0.0658
132	0.0220	0.0878
133	0.0169	0.1047
134	0.0130	0.1177
135	0.0100	0.1277
136	0.0077	0.1354

After 3 months you are only 1/2 half way to breaking even, but notice that the revenue is dropping. It is dropping fast enough that you will never break even.