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Showing 9 of 9 results by johndawl
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Re: Question about ASIC mining
by
johndawl
on 25/02/2013, 22:54:24 UTC
Quote from: greyhawk on February 25, 2013, 10:45:43 PM
Factor in the impending crash of the bubble.

What do you mean?
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Board Beginners & Help
Re: Question about ASIC mining
by
johndawl
on 25/02/2013, 22:37:13 UTC
Quote from: greyhawk on February 25, 2013, 10:33:28 PM
Quote from: johndawl on February 25, 2013, 10:26:57 PM
Quote from: bam91 on February 25, 2013, 10:22:47 PM
That is only if you have an asic unit working for you now at the current difficulty. Once ASIC's hit the scene in mass force, and going by the speculation of a 700TH network, the difficulty will be upwards of 100Mill.

Oh right not as profitable as I thought, still profitable though right?

Not really, no. Think cents a month if even.

According to the difficulty given before and http://www.alloscomp.com/bitcoin/calculator it'd be 0.7 bitcoins per mouth.
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Board Beginners & Help
Re: Question about ASIC mining
by
johndawl
on 25/02/2013, 22:26:57 UTC
Quote from: bam91 on February 25, 2013, 10:22:47 PM
That is only if you have an asic unit working for you now at the current difficulty. Once ASIC's hit the scene in mass force, and going by the speculation of a 700TH network, the difficulty will be upwards of 100Mill.

Oh right not as profitable as I thought, still profitable though right?
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Board Beginners & Help
Re: Introduce yourself :)
by
johndawl
on 25/02/2013, 22:18:40 UTC
I'm just here to keep it dirty.
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Board Beginners & Help
Topic OP
Question about ASIC mining
by
johndawl
on 25/02/2013, 21:58:15 UTC
I'm from the UK so I'll have to post in £.

You can spend around £150 or something to get a little computer (Raspberry Pi or something) and an ASIC that can mine at 4.5GH/s; if the Bitcoin mining calculator is correct in a month that's around 18.84 Bitcoins.

At current exchange rates that's around £372.16 and the electricity costs wouldn't be that much, this seems too good to be true.

Are ASICs really going to mine this efficiently and if so will the Bitcoin market adjust to the mining changes?
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Board Beginners & Help
Re: What is the cheapest ASIC?
by
johndawl
on 25/02/2013, 21:54:43 UTC
Quote from: NeoModulus on February 25, 2013, 09:53:27 PM
BFL Jalapeno at $150 is good option. I don't believe they are a fraud, though they haven't shipped any ASIC units yet.
http://products.butterflylabs.com/homepage/4-5gh-bitcoin-miner.html

Thank you.
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Board Beginners & Help
Re: What is the cheapest ASIC?
by
johndawl
on 25/02/2013, 21:49:04 UTC
Quote from: flower1024 on February 25, 2013, 09:13:15 PM
Quote from: johndawl on February 25, 2013, 08:56:52 PM
Quote from: Photon939 on February 25, 2013, 06:27:19 PM
The Butterfly labs Jalapeno is by far the cheapest at $150 + shipping, but be aware that they are not shipping them yet and are already several months behind their original shipping dates.

All current ASIC manufacturers are shady in some way or another, do a lot of research to see if you want to risk your money

So they are fraud?

there are asics mining right now. but all companies have problems, many havent delieverd yet; just take everything you read with a grain of salt.

Oh right, why are not delivered yet? They made promises and haven't fulfilled them I see, kind of damages the trust people have in the company.
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Board Beginners & Help
Re: What is the cheapest ASIC?
by
johndawl
on 25/02/2013, 20:56:52 UTC
Quote from: Photon939 on February 25, 2013, 06:27:19 PM
The Butterfly labs Jalapeno is by far the cheapest at $150 + shipping, but be aware that they are not shipping them yet and are already several months behind their original shipping dates.

All current ASIC manufacturers are shady in some way or another, do a lot of research to see if you want to risk your money

So they are fraud?
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Board Beginners & Help
Topic OP
What is the cheapest ASIC?
by
johndawl
on 25/02/2013, 17:58:15 UTC
I would like to invest in an ASIC for mining purposes, what is the cheapest one you can get in the UK?