Re: What is the point of Gridseed miners?

A quick calculation:

10 Gridseed Kit, 3 MHs = $200 x 10 = $2000

3 MHs at auto switching pool get you, let's see, 0.0045 BTC per MHs, so 0.0135 BTC a day, so you are making $5.805 (at $420/BTC) a day. It will take the buyer about 344 days to break even.

I feel so sorry for those who got snookered.

With gridseed blade it would be 1 blade, 5.8MHs= $1600

.0045 = .0261 BTC/day * $450(current BTC price) = $11.745/day = 136 days ROI

Not bad considering what it used to be but once Titan is released it is game over.

Titan will be produced as Neptune in small qts and not all miners will afford to buy one.
So will be room for all type of scrypt ASICS.

A single titan produces more mh/s than the net hash of many of the smaller scrypt coins. Even if just a few were released it would change the game.