Bitcoin Miner Profit using 600 GH/s Monarch from Butterflylabs

Question

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?

score 8 · Accepted Answer · answered Jan 08 '14 at 19:15

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

answered Jan 08 '14 at 19:15

Scott

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Thanks, that really cleared things up. So this card is only profitable if the value of bitcoins increase with time? – AliAkbo Jan 08 '14 at 19:29
That is correct. – Scott Jan 08 '14 at 19:44
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Nice work Scott. Are there any ASICs out there that actually do justify investment? – tofutim Mar 21 '14 at 00:24
Not that I believe and do trust me that I look. The issue is that most ASICs that do justify an investment are preorders which unjustify the investment by the time you receive the ASICs in your hand. – Scott Mar 21 '14 at 21:16
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This is quite interesting, thanks Scott. Are there historical graphs of the difficulty ? – BlueTrin Apr 11 '14 at 08:55
Yes, right here: https://blockchain.info/charts/difficulty – Scott Apr 11 '14 at 17:43
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or http://bitcoin.sipa.be – Jonas Schnelli May 22 '15 at 14:25

Bitcoin Miner Profit using 600 GH/s Monarch from Butterflylabs

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