indeed, those usb miners a very good starting point.
~0.05BTC these days; not profitable but who cares
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Hi folks,
I'm new (sorry if this is a dumb question)... but I'm interested in buying the HF Jupiter. But, when I look at calculators like - mining.thegenesisblock - according to their difficulty predictions, it would be lucky to generate a lousy $1k profit in a year (after $6k investment payoff). Am I missing something here, or how is anyone making money off this hobby now? Why is anyone buying these if even the latest/greatest units aren't paying?
Thanks
-Sharky
The Jupiter is sold by KnCminer not Hashfast. It is $5000 for November delivery. It will not ROI in its lifetime.
If you buy a mining device you have to do your homework, pick the right company and make sure you order on day 1 to secure "first day shipping." Then cross your fingers and hope they deliver on time.
Sorry, I meant the Sierra (3rd batch) for $6k, but I'm even surprised that the Jupiter (being a very new unit) wouldn't ever give a ROI. So if this is true even you experienced miners are constantly buying new hardware all the time.. your fancy new units at best will be obsolete after a few months? Sorry, I'm just trying to get my mind around this. Even if profit isn't your only concern, this seems like a pretty crazy arms race.
Sierra is a nice piece of hardware from current point of view.
However I'd say it depends on the point in time of final delivery, what KnC offers begin of next year and how cointerra does..
Jupiter customers from day1/2 have until today ~50% of their investment back in pockets (from fiat view point, only).
So it might work out if you are one of the early birds taking a high risk, but for later ones the margin gets smaller and smaller.
Keep in mind a 'money printing' machine attracts greedy ones from all sides, stupid ones as well - I saw on ebay mid of September 7 bids for old avalon 160GH/s, $11.9xx