Post
Topic
Board Beginners & Help
Re: What is the best option for a mining rig around 100-150$?
by
odolvlobo
on 07/10/2013, 08:08:06 UTC
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:
PeriodRevenue (BTC)Cumulative Revenue (BTC)
1300.03720.0372
1310.02860.0658
1320.02200.0878
1330.01690.1047
1340.01300.1177
1350.01000.1277
1360.00770.1354

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.