0 Members and 1 Guest are viewing this topic.
In my first day of ASIC mining, I invested 25 000 DOGE (worth approximately $8 back then) and generated 0.00038271 BTC which is worth a whopping $0.25!!At that rate, I would find a 100% ROI (return on my invest) after 32 days. If I were to sell back my hashing power, I would more or less get back my initial 25 000 Doge + the 25 000 Doge worth of BTC I mined in the meantime.
Can you clarify this part as it makes no sense to me. How much did you spend to get 1GH/s hash rate & for what period of time? What is your exact profit or loss with out speculation on price?Also what you are mining with ASIC? Bitcoin? Why would anyone rent out an ASIC miner if they could make make a profit from what they mine? Is it all speculation on price rise, are you always in the negative unless there is a spike in value?
Okay so you spent 0.043 BTC for 1GH/s, but for how long did you get 1GH/s? You essentially mined 0.002 BTC using 0.043 BTC? That sounds like a 21,000% loss...Right now doge is at $0.00027. 0.043 BTC is currently around $41.16, with this you can buy around 153,555 doge.
Cloud mining = You buy GH/s?On the website it says GHS/BTC is 0.04380292 which at the rate of $820 USD/BTC is about $36.So $36 get's me 1 GH/s of BTC mining power forever, until I choose to sell my GHS?At that rate isnt it cheaper to just buy ASIC miners?Should I bother putting in 1 precious BTC into this?
Is it cheaper to just buy an ASIC miner? The cheapest I know of is those USB miners that produce 333Mhash ie. 1/3 of a Ghash and they sell on eBay for around $50So you need $150 to get that 1Ghash and then you have to pay for electricity, set them up, make sure they run well, etc..
Page created in 0.065 seconds with 55 queries.