How much money would you recommend in a miner startup?
by
Baz191
on 01/06/2013, 10:43:30 UTC
Hey folks I'm new here and wanted to ask a question which has been on my mind for a while. Of course this is subjective to everyone's personal opinion but all replies are welcome.
I was curious as to what you as a user would consider a worthwhile investment into a mining startup. Disregarding the ASIC models currently coming out on the market, this question is mostly based at FPGAs and GPUs. How many MH/s or GH/s would you consider worthwhile for an ROI and how much would be required (in your eyes) for obtaining such a set-up. (You could say i'm asking what is your dream setup )
If you prefer GPUs over FPGA's, why so? Preferences of 2 x 7970's over 4 x 58xx would also be interesting to hear.
I know theres a lot of info about this over in the mining thread but since I can't post over there it'll have to be kept for newbies over here.
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Topic
BoardBeginners & Help
Re: Was Anyone Here involved with Bitcoin when it was valued at mere Pennies?
by
Baz191
on 01/06/2013, 10:32:26 UTC
I actually bought my first 10btc when they were .87cents each! Also, back at this time I bought my BTC with PAYPAL believe it or not! Oh how times have changed!
Well, wait to see the reaction of the market when (if) asics are mass released. Exchange prices will go up and (ordinary) people will loose interest. No more 'make free digital money'. Ltc won't have this problem
Someone will make an LTC ASIC.
Just wait
Any chance you could briefly explain, or point me to where some info about how btc and ltc mining differ? + Whether they have different set-up preferences? Ex. which GPUs are more suited to btc/ltc and why?
Thanks
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Topic
BoardScam Accusations
Re: Butterflylabs Huge SCAM
by
Baz191
on 01/06/2013, 10:14:57 UTC
I have purchased 2 butterfly lab ASICs. I purchased the first one a while ago and the second one more recently (which i feel is more of a mistake now). I still have faith they will deliver their units though as i read they had their ASICs linked to an android tablet mining at a bitcoin conference in the US for everyone to see. They have a few videos on youtube showing their concepts and I hear they have been waiting for their boards to arrive (supposedly).
I'm keeping my faith, although it does seem there are A LOT of speculation they are just running a long term scam. I can understand if they don't want to ship out all their mining rigs at once in fear of watering down the price of btc (and i guess it makes sense they're shipping out the low end 5GH/s models first then moving onto the higher end ones). Incredibly frustrating but patience is a virtue.