Post
Topic
Board Beginners & Help
Re: Any Interest in a 1.1 GHash Miner for $1100?
by
Morebitcoinsplease
on 22/07/2011, 17:25:02 UTC

I have earned quite a few BTC using this rig but its not as profitable as I'd hoped for, and yes I was a noob thinking old money factors would last longer than 10 days.  Looking for $1100 via paypal.



hmmm Not really considering what your cost of electricity is but "Not as profitable as u'd hope"? Have you ever invested $1100 in a bank? Bitcoin mining is great return on investment. Even on a high interest savings account at 2.1% would take you 4-5 years to reach the same amount you make in a month of mining minus electricity.

+1

I have already made by 2/3 my investment and I am running 10x5850's and 6x5970's. If your mining you have to mine for the long run several months if not a year in to make all your investment back and more. So after that only electricity is my cost and everything else is profit.