Post
Topic
Board Mining speculation
Re: New to Bitcoin
by
vpasic
on 12/12/2014, 17:50:13 UTC
Thanks for your replies.  are there no miners about <$1500-2000 ish that will make ROI within a few months? 

I think I might go down the route of buying BTC then, and trying to find sites that I can spend it on. 

Ta
Adam

you are missing one thing in your calculation.
difficulty.
it will go up, maybe not that much but will go up so your ROI in 22 months will become never.
your electricity cost will stay the same while your earnings will drop down with diff go up.
buy some BTC and play with them on Bitstamp, you know selling high and buying low.
I'm earning that way more than I mine in a month with 20TH of hashing power.