Guys, i'm italian.
here, to build a gpu mining rig, whit 5 r9 280x for a 3.6 Mh/s, you pay about 2000 euro.
estimated consumption even undervolting cards, is about 1.4 Kw/h that costs about 5.00 euro/day
the Gridseed ASIC, if i right understand, have 5 chips even "usb device" and it can do about 300 Khash/s for a consumption of about 30V. so, 10 device that i read cost 1360$ (1000 euro) would get 3,0 Mhash/s for about 300V. power costs is about 1.10 euro/day
ASIC miner 1euro = 3 Khash/s + 1.10 euro power/day
GPU miner 1 euro =1.8 Khash/s + 5.00 euro power/day
assuming that 1Mh made 0.01 BTC day:
asic miner made 0.03 BTC/day that is 25.5$ (18.75 euro) - power (1.10 euro) total 17.65 euro/day net (time to autopay 57 days)
GPU miner made 0.036 BTC/day that is 30.6$ (22.50 euro) - power (5.00 euro) total 17.50 euro/day net (time to autopay 114 days)
not counting space problems, overheating, noise etc.
in Italy, Gridseed ASIC is much more profittable than any GPU for scrypt mining now.
(change EUR/USD 1.36)
(change BTC/USD 850.00)
This is the (unfortunate) misconception that came about with poor translation and horrible press from Gridseed. The cost for a single USB machine (which includes 6x 60kh/s units) is $82 + 6 x $65 = $472. So you're paying $472 for 360kh/s. The minimum order is 10 of *these*, not 10 single chips (unless I'm mistaken), making the total for 3.6MH/s of hashing power $4720.
Thanks for the translation
I think it is a avalon repeat lets mine for ourselfs deal....
$4720 for 3.6m is a total fucking joke its at least 300% more expensive than a gpu rig ..in a way this is good that they have priced it out of reach of anybody who is serious with mining
Also what is it with these pplz that they basically put something up for sale with basically NO real potential profit for anybody
ASICMINER
AVALON batch 3
Realistically just self mine and stop trapping suckers... @ 12c kw it will take 3 years to recoup the extra cost of ~ 3k extra compared to a GPU rig
Thats legit !