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RE: X11 Mining

in #mining7 years ago

I have made my money back with 5MH/s but I bought it like 5 months ago. I do not recommend getting 5MH/s now though as the difficulty has gone high enough to not get payouts to your wallet everyday. I now have to wait 2 days to get my payout. When I first bought it I got payouts everyday. On June 13th the difficulty was so high that I no longer was getting payouts everyday.

Since this is a 2 year contract though I would imagine you will make your money back. I suggest if you are going to buy X11 keep buying upgrades with fiat until you get to just over $30 dollars a day. After that keep buying $30 upgrades everyday. As long as you keep feeding the beast you will be good. The problem with it though is that you will need to get past $60 a day for upgrades before your first contract ends because then you will be losing hash power so then you will need to pay double for your upgrades to keep upgrading. 2 years after the $60 upgrades you will need to do $120 upgrades. So on and so forth... It can be done but I don't recommend it.

I prefer SHA256, as the above method need not apply other than paying fiat until you can start feeding the beast from the payouts each day which would be adding 6TH/s a month. That will create exponential growth and keep you really far ahead of the difficulty increase.

Stick with SHA256 that is where the money is...

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Yeh I really agree with your thoughts on the dash. I mean 5 months is not too bad for ROI but I think you get a faster ROI from mining Ether on there, either way I still think you are better off using equipment you have control of becuase you can swap coins whenever you want and you can choose when you get payouts according to fees etc