Business How many bitcoins can be mined with Spondoolies-Tech SP35? - GoFuckYourself.com

TidalWave · 11-09-2014, 01:55 AM

If you were to invest about $100K (so about 28x SP35), what would returns approximately be in the mining effort?
Are there better ASIC based options out there vs the Spondoolies-Tech gear?

TidalWave · 11-09-2014, 02:48 AM

If the SP35 can do 5.5TH/s then if I get 50 of them @ $175K investment, I should be able to generate approx. $37K/month in revenue @ current exchange of $350USD/1BTC.

Get them powered up for $.05/kWh~ = ~$5500/month in electric cost

Hmmmmmmmmm.............. then hold as many until BTC rate goes up again to $500? $600? Really make bank then too.

Emil · 11-09-2014, 04:13 AM

You sound smart... My answer is.....green.

slapass · 11-09-2014, 04:19 AM

The hostory of these hardware buys is pretty consistent.

1 - never ships
2 - hardware is crap
3 - you get it late and the diffiiculty has priced you out of the system as ne hardware is kicking ass.

TidalWave · 11-09-2014, 05:48 PM

I can get 50x SP35 units delivered by end of November to Iceland

420 · 11-09-2014, 07:22 PM

The mining difficulty will go up before you recover the initial investment. That means your monthly total btc mined will go down over time.

If you are counting on bitcoin rising in value as part of your profit strategy it might be better to just buy btc and hold.

clickity click · 11-10-2014, 12:58 AM

Yeah why not just buy 100k of bitcoin and save on electricity?

11-09-2014, 01:55 AM	#1
TidalWave Confirmed User Industry Role: Join Date: Sep 2007 Location: Los Angeles Posts: 2,706	How many bitcoins can be mined with Spondoolies-Tech SP35? If you were to invest about $100K (so about 28x SP35), what would returns approximately be in the mining effort? Are there better ASIC based options out there vs the Spondoolies-Tech gear?

11-09-2014, 04:13 AM	#3
Emil Confirmed User Join Date: Feb 2007 Location: Sweden Posts: 5,638	You sound smart... My answer is.....green. __________________ Free 🅑🅘🅣🅒🅞🅘🅝🅢 Every Hour (Yes, really. Free ₿itCoins.) (Signup with ONLY your Email and Password. You can also refer people and get even more.)

11-09-2014, 02:48 AM	#2
TidalWave Confirmed User Industry Role: Join Date: Sep 2007 Location: Los Angeles Posts: 2,706	If the SP35 can do 5.5TH/s then if I get 50 of them @ $175K investment, I should be able to generate approx. $37K/month in revenue @ current exchange of $350USD/1BTC. Get them powered up for $.05/kWh~ = ~$5500/month in electric cost Hmmmmmmmmm.............. then hold as many until BTC rate goes up again to $500? $600? Really make bank then too.

11-09-2014, 04:19 AM	#4
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	The hostory of these hardware buys is pretty consistent. 1 - never ships 2 - hardware is crap 3 - you get it late and the diffiiculty has priced you out of the system as ne hardware is kicking ass.

11-09-2014, 05:48 PM	#5
TidalWave Confirmed User Industry Role: Join Date: Sep 2007 Location: Los Angeles Posts: 2,706	I can get 50x SP35 units delivered by end of November to Iceland

11-09-2014, 07:22 PM	#6
420 cuck Industry Role: Join Date: Mar 2003 Posts: 11,571	The mining difficulty will go up before you recover the initial investment. That means your monthly total btc mined will go down over time. If you are counting on bitcoin rising in value as part of your profit strategy it might be better to just buy btc and hold.

11-10-2014, 12:58 AM	#7
clickity click So Fecking Bummed Industry Role: Join Date: Aug 2014 Posts: 3,682	Yeah why not just buy 100k of bitcoin and save on electricity?