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?

| improve this question | |
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

| improve this answer | |
  • 1
    Thanks, that really cleared things up. So this card is only profitable if the value of bitcoins increase with time? – AliAkbo Jan 8 '14 at 19:29
  • That is correct. – Scott Jan 8 '14 at 19:44
  • 1
    Nice work Scott. Are there any ASICs out there that actually do justify investment? – tofutim Mar 21 '14 at 0:24
  • 1
    This is quite interesting, thanks Scott. Are there historical graphs of the difficulty ? – BlueTrin Apr 11 '14 at 8:55
  • 1
    or bitcoin.sipa.be – Jonas Schnelli May 22 '15 at 14:25

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

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