Post
Topic
Board Group buys
Re: [OPEN] Bitmine CoinCraft 28nm chip distribution (December W50, 42.5BTC/THps)
by
DickMS
on 18/10/2013, 17:11:16 UTC
So, let me get this straight....

in return for bare chips, delivered the same time as the first fully operational hardware boxes, we are to pay 0.85BTC per chip (25GH). At $150/BTC, that's $127.50 per 25 GH, or $5.1/GH. No guarantee that all 32 engines are working on every chip purchased, at least so far as I can see. Mining dashboard says that difficulty would have to stay below an increase of 80% per month to reach 0-ROI, some time in APRIL, so the chip costs eat up the first 90 days income, even if power costs are ZERO.

At these prices, I think this is a very expensive hobby.

Kinda hard to see how anyone would make a successful business out of it, unless chip prices were dropped into the $3-4/GH range, and even then a 2 week slip in delivery destroys all the expected profit for the life of the product, and then some.

Ah, well - I've had more expensive hobbies, I suppose.