Quote from: j0b314 on December 09, 2013, 03:15:21 AM

Quote from: ajw7989 on December 08, 2013, 10:22:49 PM

block (5-7 days) is about right before the newer machines come out. In the beginning it will be good but after you earn about half your investment back the gh/s will become nonexistant keep in mind this is assuming the 28% increase which will most likely rise drastically when these terraminers come out. THis is for 1gh/s and does not even account for the 8% fee this website will charge you. The profitability of actually owning the 1 gh/s miner is mining with it for a while then reselling it and having a nice profit from the amount you mined in a month or so.

Thanks. Really value your opinion and it makes sense. I'm new at the mining game and wanted to learn my way through it... so took the risk.

Yes the biggest factor definitely is difficulty. I like the setup though as it eliminates maintenance/hosting risk (e.g., if a neptune/saturn conks out that's a lot of lost time), hardware depreciation, and maybe power. There are higher BTC/GH rates out there today though at a future date (Q1/Q2 2014), figured it would be good to simulate today. Low cost of entry made it worthwhile.

of course not a problem. When i first got involved 6 months ago i bought the old 333mhz asic erupters. I think I actually broke even or so only because I resold them for 1/2 what i Paid for them. Having the hardware and selling it after several months definitely helps recoup the lose. PLus seeing the miner work gives me some enjoyment

If you have anymore questions about mining or bitcoin in general feel free to PM me