BitCoins - how to earn them? Mining? ASIC? Pools?

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BitCoins - how to earn them? Mining? ASIC? Pools?

Unread postby edburdo » Mon Dec 09, 2013 2:42 pm

Derrick's recent post got me thinking.

And then the internets got me confused... :)

So... what's the recommendation? Do you join a pool for mining? Is it worth it to get into BitCoin mining today? Is GPU mining out?

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Re: BitCoins - how to earn them? Mining? ASIC? Pools?

Unread postby Michal » Tue Dec 10, 2013 1:41 am

Forget about GPU, you need ASIC :)
You also need to be in a pool to guarantee you a steady, but small revenue.
I'm seriously thinking about The Leopard (sold out til February) or The Tiger http://www.xtrememiners.net/#!products/cngp
if there is anyone interested to buy 1/2 with me? You will get 2.5TH/s for $5000

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Re: BitCoins - how to earn them? Mining? ASIC? Pools?

Unread postby Derrick » Tue Dec 10, 2013 3:37 am

I'm pretty happy with Butterfly Labs products, but I haven't shopped around much.
I'm tempted to buy their new Monarch
-=Derrick=-

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Re: BitCoins - how to earn them? Mining? ASIC? Pools?

Unread postby edburdo » Tue Dec 10, 2013 6:16 pm

Not sure I have much "play money" to invest in a mining rig. A Erupter might be OK, but it looks like the break-even point for earning enough to pay for itself (based on the 333 MH/s) is rather long...

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