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Watch that $20/week become $14/week, then $10/week, then $7/week in the span of a month. Still a good investment then?
by maaku 13y ago
Watch that $20/week become $14/week, then $10/week, then $7/week in the span of a month. Still a good investment then?
- akkartik 13y agoWhich raises the question: what's the breakeven volume for Butterfly Labs customers? As more and more people buy their miners, how does the time to recover its cost dilate?
- i_am_dead 13y agoThe main problem is that the waiting list is currently almost a year. If you order a miner today you won't see it until 2014.
- corin_ 13y agoIt would have to go down further to be not worth doing, since he covered the cost in ten days, and the electricity cost is less than $2/week. At $7/week for example he would roughly break even over a year even factoring in the cost of the device.
- maaku 13y agoYes, but (a) the decline / rise of difficiulty will continue, and (b) there's a year long waitlist.
- zanny 13y agoYou can make more money playing the ups / downs of btc (for example, right now, there is a down explicitly because gtx halted US dollar transfers so everyone is panic transferring BTC out and selling it off). Than trying to invest in a btc mining rig and playing a literal lottery with computing hashes, or joining a mining guild and making very little very consistently.
- drivebyacct2 13y agoSounds like they already recouped the cost of the miner. So if power consumption is $100/year, they need to make at least $2/week.
- cocoflunchy 13y agoIt's $20/day though, not $20/week. At that rate, if you can grab one right now, you don't really have anything to lose; you will have recouped your investement in about 3 weeks, maybe 4, and everything else is extra.