I am wondering if folks here are interested in doing a mining group buy... Basically we pool together our BTC, buy shares in the miner, and split the profits that come from it. This way we could get in on something a lot more effective than a few USB miners...
As an example, say we can buy a
TeraMiner IV for $6000 + $326 for shipping
- If we can get 20 people interested equally, that's $316.30 USD each
- It mines at 2 TH/s. At current difficulty, that is 42 BTC per month ($42,000 USD per month). It would pay for itself in 5 days.
- Power consumption is about 1200 watts, with BC Hydro's cheap $0.10/kwH that is $86.40 per month
- An alternative is to have
the company host the machine for us - that way we wouldn't have to worry about administration. This would be more expensive though - $4000 per year
-Profit for these 20 people would be about 2 BTC a month each, going down every month as difficulty ramps up. Even then, your first payment should be around $2000 USD at current price, that is a 1000% return in 1 month
- (this is using the fallacy that we could do it immediately. Soonest possible would be April 2014, and 2 TH/s won't mine as much then as it could now. Then again, what will the exchange rate be at that time?)