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Re: [440 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff]
by
Korxax
on 21/01/2014, 23:39:48 UTC
evening all

some advise will be greatly appreciated please.
Ive been looking at the possibility of BTC mining but dont really have the funds to buy expensive equipment.
Really like the easy to use interface of BitMinter so am very keen to try this but wanted to know whats the minimum hash rate I need to be outputting to see some sort of return after electricity etc?
Would starting off with say a usb block erupter at 333 be ok or should I at least go for the one that gives around 1.6? The USB miners appeal to me more due to space issues.
many thanks

I like the antminers I have, but they won't work with the bitminter client yet.  I found them at Amazon through Jones gear for about $65 each shipped free if you don't mind waiting.  You might be able to find similar pricing on ebay, or check to see if anyone is selling them cheaper in the forum here, but most of those guys only take bitcoin as payment.  If bitcoin prices go up you should get your money back, but realistically, you'd probably be better off just buying the bitcoin rather than mining.  With some luck though you could buy the miners get a some partial coins in 2-3 months and maybe sell the miner at that point for close to what you paid for it and pocket a little bitcoin too.  No way to know what the ants will be selling for then though, so you may lose money overall.  There's a real problem with bitcoin mining at the moment, the cost of the hardware is so high and difficulty is increasing so fast it'll be hard to make your money back.  It's hard to blame the manufactures really, though plenty of people still do, there seem to be plenty of people willing to pay for the miners at prices where they won't get their money back, so why discount them.  That and the manufacturers could just plug their own products in and make the money themselves without selling at all, so they price them where it's worth it to sell them rather than mine themselves.

it is still kinda fun though.   Grin  And if the price of bitcoin continues to go up you'll still do just fine.

Korxax


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