Quote from: takagari on December 27, 2013, 07:16:36 PM

Quote from: astronomino on December 26, 2013, 05:36:49 PM

Quote from: takagari on December 26, 2013, 04:43:48 PM

.16/day? lmao...

If coins stay at current value and difficulty increases at estimated rates. You'll be loosing money by July.

time to look into your math a bit better gents Wink

http://mining.thegenesisblock.com/

These rig's turn a profit if they ship on time, anything delayed and you simply loose all money.

Minning is not a Get rich for the next year type of investment boy's Wink

EDIT:
Going off today's value starting in March you will never make a penny off this machine. FYI.
You generate maybe 12 coins before it's into the penny coins. So you need to decide if you can buy more coins fro $6,000 than it will produce Wink

I've pulled out of buying one of these.

.16/day is indeed extremely optimistic, but I think "never make a penny off this machine" is too grim of an outlook. The general direction of the bitcoin price has sortof been an upward trend. With more real money being pumped into the system and difficulty rising it may keep going up. Of course no one can see the future and it can just as easily go back down to under $1 tomorrow. However looking at your own estimate of 12 coins, you would break even if the price of bitcoin is $500 and you would double your investment if the price of bitcoin reaches $1000 again. To me that's pretty good odds since bitcoin is worth roughly $800 right now - which makes miners more profitable at the moment than buying bitcoins outright and hoping it will go up.

I understand that, I'm not looking at FIAT, but had you instead sunk 7 grand and purchased 14 coins earlier in the month. you would be ahead regardless of the turn out.
I look at it, as right now I'm spending 8 coins to buy a machine maybe to generate 12 coins. Which is a 50% turn over,
Had you purchased coins at $500 and sat on them. you would be in the same situation, but without the headache

I just don't like seeing people getting their hope's up. like .16 coins a day

How ever, if the value of coin's doubles monthly, at current rate of difficulty increase, you'd see 6 grand a month for life Wink

Gtfo with the "you should just buy coins and hold" argument. The horse has been beaten to death already. Most of us miners accept the risk that we might not reach roi in btc but there is a chance we do. Of course if we all had magic crystal balls we would have bought at 500 and sold at 1200 and repeat.

Nobody knows what the difficulty will be in 1 month let alone 3 or 6 months. All we know is that BA is offering the most bang for your buck when it comes to mining.

I personally think we will eventually see linear growth of the network hashrate resulting in a much higher yield than many predict.