Bitcoin Mining - Step Inside

[HostWanted]

We have 200 Antminer S3's ready to go, wired up and ready for your pool information.

Pay today, mine today. This is not cloud, it is real hardware that you own.

We provide the miner itself for $500.00, including power supply, already racked up and ready to mine.
Monthly co-location fee per miner bills recurring month to month depending on term selected.

24/7 support via support system.

Have your miner shipped to you at any time, you pay shipping.

Sign up today, mine today.
hostwanted.com/cart.php?a=add&pid=5

[KillerK]

How much does one of those earn per day?

[edgeprod]

You guys are GFY sponsors now, so you can post ads like this? Awesome. Welcome aboard.

[Marcus Aurelius]

You guys are GFY sponsors now, so you can post ads like this? Awesome. Welcome aboard.

Control your butthurt.

[mobstriker]

profit per day?

[bronco67]

I have some shovels I'll sell you for $500. I would use them to dig myself to easy street, but I like selling shovels better.

[HostWanted]

Currently each S3 will produce between 150.00 to 200.00 per month. As bitcoin is currently low that doesn't seem so much however that earning swings up very rapidly as BTC value rises which it will. Lots of good things going on for BTC at the moment. Yesterday paypal (braintree) announced their initial foray into support for the crypto-currency. Price of coin will rise.
The mining community sees how low it is yet they still mine on. The goal of mining is to gain as much coin as you can so that when it does swing high its time to hit vegas like a baller, lol

Anyhow, if you had say, 40 s3's you would be earing about 8k a month even with coin as low as it is.

[HostWanted]

Love the shovel analogy. You need bigger better shovels so you can sell off the smaller ones.

[ottopottomouse]

See that boat disappearing over the horizon? You should have been on it.

[rowan]

If you're paying $79 a month to colocate this you'd better be hoping that BTC value will rise in the future, because otherwise I doubt you'll ever break even.

[edgeprod]

Control your butthurt.

Haha .. I'll bite on your most recent fantasy. Why exactly would I be butthurt?

[Choopa Phil]

So this colo is $79/Mo plus a $560 setup fee...will take 3+ months to break even. By that time the difficulty to mine will increase further and this miner will be worthless. Am I right?

[edgeprod]

So this colo is $79/Mo plus a $560 setup fee...will take 3+ months to break even. By that time the difficulty to mine will increase further and this miner will be worthless. Am I right?

90% right, but you have to add in that you'll also lose your investment in the monthly costs and setup fee. And, if Bitcoin goes down, ouch.

Mining coins that are ASIC-broken is brutal.

You'd be better off buying Bitcoin directly if you're banking on it going up as part of your strategy.

[HostWanted]

That is of course if you beleive that Bitcoin will drop... I happen to believe its going the other direction which is why I have bigger badder equipment now myself. :-)

[Gateway69]

Bitcoin mining at its current state if you have to pay for power, hosting, cooling etc is not profitable, your basically betting that the price of the btc your generating goes up several x so the small amount you generated that maybe cost your x per month is now 200x more.

I recently sold several TH and called it a day since my power isnt cheap. If I could of hosted in WA where some places have .02 KWh I might of kept them going.

Here is some info.

1.2 Th/s or 1200 Gh/s

The expected generation output, at 1200 Ghps, given current difficulty of 27428630902.258 , is 0.0220024481171 BTC per day and 0.000916768671547 BTC per hour.

5 Th/s or 5000 Gh/s

The expected generation output, at 5000 Ghps, given current difficulty of 27428630902.258 , is 0.0916768671547 BTC per day and 0.00381986946478 BTC per hour.

Of course this depend on the pool luck you have and what their pay out system is on top of your hosting and power costs and not to mention every 10 days or so the bitcoin network adjusts its self due to the difficulty rises and your amount your generating each 10 days gets less and less.

[edgeprod]

That is of course if you beleive that Bitcoin will drop... I happen to believe its going the other direction which is why I have bigger badder equipment now myself. :-)

If your bet is on Bitcoin rising, why not just BUY the Bitcoin? Is your time worth zero?

[DDuckworth]

How much does one of those earn per day?

Not enough to cover your electricity costs, the only way it could make you a profit is if you have free electricity!

[LizardKing]

True

difficulty is so fucking high that you need (at least almost) free power to make money.
Ah yes - and I am still waiting for my X3 - Fuck Blackarrow...

[AdultKing]

http://619mining.com

You may contact 619mining on Skype at: MiningIn619

edit: pictures

https://www.icloud.com/photostream/#A45qXGF16NSQs

[Gateway69]

I have 2 or two left of our Habanero boards we developed, if anyone is interested.

Of course the day of the home miner is pretty much gone. I know of some pretty cool tech being developed and of course the important thing is to get more out of the chip for less power which we will start to see some things cropping up, but you still have to make a decent investment and your probably better off buying bitcoin now esp at the low price than just dealing with all this hw crap