Before you buy that Bitcoin mining hardware

First consider your ROI or at least, how much you *could* make in net profit within  months. The following is based off using Bitcoinx.com

Assumptions
Electricity Rate kWh  $          0.15
Power Consumption 100
Profit decline per year 0.61
Current Difficulty 707408283
Conversion Rate  $  1,000.00
BpB  $        25.00
Hashfash Technologies GH/s  Price  Watts PPG Break Even Time Solo 3 Months Total
Baby Jet 400  $    2,250.00 400  $      5.63 8 Days 88 Days  $        22,143.36
Sierra 1200  $    6,300.00 780  $      5.25 8 Days 30 Days  $        66,945.83
Butterfly Labs GH/s  Price  Watts PPG Break Even Time Solo 3 Months Total
25GH Miner 25  $    1,249.00 USB  $    49.96 76 Days 4 Years  $              244.76
50GH Miner 50  $    2,499.00 USB  $    49.98 75 Days 2 Years  $              521.41
500GH Miner 500  $  22,484.00 ?  $    44.97 67 Days 71 Days  $          8,015.92
Hosted 1  $          10.83 NA  $    10.83 32 Days 97 Years  $                17.36
Hosted x10 10  $        108.30 NA  $    10.83 16 Days 9.5 Years  $              502.36
300 GH Card 300  $    2,800.00 NA  $      9.33 14 Days 118 Days  $        15,486.80
600 GH Card 600  $    4,680.00 NA  $      7.80 12 Days 59 Days  $        31,926.48
ASIC Miner GH/s  Price  Watts PPG Break Even Time Solo 3 Months Total
Block Erupter x 3 1  $        135.00 USB  $  135.00 1.5 Years 96.5 Years  $            (106.81)
USED / Ebay / Amazon GH/s  Price  Watts PPG Break Even Time Solo 3 Months Total
BFL Jalapeno 7  $        900.00 USB  $  128.57 227 Days 13.5 Years  $            (505.41)
CoinTerra GH/s  Price  Watts PPG Break Even Time Solo 3 Months Total
TerraMiner IV 2000  $5,999.00 USB  $3.00 5 Days 18 Days  $116,099.29

Unfortunately you won’t be able to actually buy most of this hardware anytime soon. Because half the hardware on this Bitcoin ROI chart doesn’t exist yet. In fact, many of these mining systes won’t be out until Spring 2014 when the difficulty will most likely be well over 1  billion.

Making a windfall with Bitcoins is probably over now.

If you didn’t make it rich when Bitcoins peaked at $1,200 this Turkey day week in the US, you probably won’t as the coin is once again rapidly falling and as of this post is down to $700 per coin. Still it’s nothing to shrug off. If you’re lucky enough to have some of the higher tiered mining equipment in hand right now then you’ll probably continue to do well. Unfortunately for the rest who weren’t in the know you’re still on the outside missing the boat.

I really want Bitcoin to succeed. Ramblings on Bitcoin.

I’m not trying to be a downer. When I first heard of Bitcoin the conspiracy theorist side of me thought it might be an invention of AMD to sell more of their graphic cards to gamers and tech enthusiasts. However, the Star Trek hopefulness side of me likes the idea that perhaps one day everyone will be given a computer and ASIC miner that helps support a global network of transactions and currency that allow for more equal income opportunities.

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