7

Butterflylabs has a new 600 GH/s Bitcoin miner for $2,196.

According to here, 600 GH/s at today's rate would mine approximately $170 a day. This means you make back the original cost of the miner in about two weeks and start making a profit from there on.

This seems too good to be true. Is there something I am missing here?

1 Answer 1

8

The part you are missing is that it is a preorder and the current estimate is that if you ordered now, you would likely not receive your mining hardware until April 2014.

This site shows a good calculator and I have configured it to show the (lack of) profits you would make if you started mining with this miner starting in April:

http://mining.thegenesisblock.com/a/7141b8c779

7
  • 1
    Thanks, that really cleared things up. So this card is only profitable if the value of bitcoins increase with time?
    – AliAkbo
    Commented Jan 8, 2014 at 19:29
  • That is correct.
    – Scott
    Commented Jan 8, 2014 at 19:44
  • 1
    Nice work Scott. Are there any ASICs out there that actually do justify investment?
    – tofutim
    Commented Mar 21, 2014 at 0:24
  • 1
    This is quite interesting, thanks Scott. Are there historical graphs of the difficulty ?
    – BlueTrin
    Commented Apr 11, 2014 at 8:55
  • 1
    or bitcoin.sipa.be Commented May 22, 2015 at 14:25

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.