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Gerbil Elite
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best bitcoin asic available

Sat Jul 05, 2014 4:56 pm

A question about bitcoin: If I were to get involved in bitcoin, what is the best hardware asic available out there? Is it worth pursuing or is it more of a joke? Please discuss.
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Re: best bitcoin asic available

Sat Jul 05, 2014 5:13 pm

Don't waste your money. Many people have bought ASIC miners and then waited so long to get them that they would be unable to recoup their investment; the common suspicion is that the makers "test" the ASIC rigs for extra coin for as long as possible.
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Re: best bitcoin asic available

Sat Jul 05, 2014 5:26 pm

At this point mining isn't going to be very profitable, there's simply too many ASIC miners already being used and difficulty/income is based on total mining capacity so you'd barely be able to cover the electric costs. That being said, if it's something you want to do pick an ASIC that has a good hashrate per dollar and per watt that's already on the market--do not trust companies taking preorders, they almost never deliver as advertised. Most of them require a mothership, a Raspberry Pi is a great choice provided it's compatible with the miner since it's cheap, low power, and can be used for other nerd adventures when you get bored of BTC mining.

I did it with a Pi and a Block Erupter; BEs are cheap but outdated and there's probably more efficient options. As for the Pi rig, there's an easy way and a badass way depending on how much of a maker you are.
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Re: best bitcoin asic available

Sat Jul 05, 2014 5:35 pm

The one where the seller actually delivers on time.
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Re: best bitcoin asic available

Sat Jul 05, 2014 9:32 pm

Unless you're not paying for electricity, don't bother. Unless there's an astronomical (and IMO unlikely) future runup in the BTC exchange rate, the mining boat has already sailed.
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