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dave90210 06-05-2013 09:17 AM

Bitcoin Mining Equipment?
 
I'm looking into mining Bitcoins any suggestions on equipment I can buy to mine it without having to pre order?

Ferus 06-05-2013 09:22 AM

If you calculate the price of hardware + electricity, its not worth the investment.

Check Google for "ASIC bitcoin miner". When they are available, price on bitcoin will drop, and your old hardware setup will be worthless.

If you don't believe me, do the calculations yourself. Don't be naive and believe the hype about easy money.

spiederman 06-05-2013 09:25 AM

im mining on my TI-82

dave90210 06-05-2013 09:25 AM

That's why they have mining pools

Quote:

Originally Posted by Ferus (Post 19656012)
If you calculate the price of hardware + electricity, its not worth the investment.

Check Google for "ASIC bitcoin miner". When they are available, price on bitcoin will drop, and your old hardware setup will be worthless.

If you don't believe me, do the calculations yourself. Don't be naive and believe the hype about easy money.


Choopa Phil 06-05-2013 09:29 AM

Quote:

Originally Posted by dave90210 (Post 19656020)
That's why they have mining pools

If you havent pre-ordered and dont have a miner yet (ASCI) youre too late in the game. Mining pool or not by the time you get equip to mine at the capacity there is today it will be too late.

xxxcoupon 06-05-2013 09:38 AM

Your best bet is to mine LTC and then exchange LTC for bitcoin
that is the only way to really make it profitable right now

Also not everyone is doing it for profit. Some people do it for the fun of it believe it or not

Ferus 06-05-2013 09:50 AM

Quote:

Originally Posted by dave90210 (Post 19656020)
That's why they have mining pools

My calculations are done based on running multiple pools to minimize stale processes.

Gateway69 08-23-2013 09:41 AM

I would also check out the new Baby Jet at https://hashfast.com/ , 400Gh/s on one chip.. estimated ship dated end of oct.. deff picked up two of these..

anyone else grab one?

woj 08-23-2013 09:56 AM

Quote:

Originally Posted by Gateway69 (Post 19770717)
I would also check out the new Baby Jet at https://hashfast.com/ , 400Gh/s on one chip.. estimated ship dated end of oct.. deff picked up two of these..

anyone else grab one?

it seems like a great investment, but payment by wire/bitcoin only suggests they'll jerk people around for months till mining won't be profitable anymore...

pretty much just like it happened with other mining hardware vendors...

Gateway69 08-23-2013 09:59 AM

Potentially true, however they seem to be in Silicon Valley vs Russia or China.. so a bit more faith, I would of liked to pay with cc as well or paypal for a bit of protection, but then looking at the flip side If i where a company dealing in millions potentially last thing I want is Big US gov or some bank to block my account for any reason.. :/ anyhow.. thats one thing lacking with btc some sort of protection if the seller doesnt provide you the product/item/service

CurrentlySober 08-23-2013 10:15 AM

Quote:

Originally Posted by Ferus (Post 19656080)
multiple poos.


:thumbsup:thumbsup:thumbsup

Sid70 08-23-2013 12:14 PM

dafuk are u mining? digging something?


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