Post
Topic
Board Mining speculation
Re: Buying a Bitcoin Miner
by
jjdub7
on 28/06/2014, 07:39:53 UTC
I would happily support the network if I earned some profit, but I cannot do it for free. Thanks for helping!

You will not be earning a profit most likely.  I can't guarantee that but considering what the manufacturers say they will be delivering you cannot profit.

Having said that, you can still buy some hardware.  I would start off cheap to get your feet wet and learn.  The R-box is a nice little miner and here's a review:
https://bitcointalk.org/index.php?topic=639030.0

You could find an old Antminer S1 but they are noisy as hell but probably a better value keeping to the $1/GH rule.

Spend the rest of your $600 on an exchange and get some bitcoin directly from other miners.  Make sure to learn how to protect those coins.

I got my R-box using Amazon gift cards, so it was essentially "free" and I also have 4 U2's - brings in about 80k satoshi per block (and falling hella fast) mining on Bitminter.  That being said, its a great miner once you get it up and running (use a PC - if you can get that thing configured and running, you can get any miner set up).