Numerous ASIC Scrypt Miners have already been purchased and their shipping dates are fast appropriating, but are these powerful mining machines worth their cost?By now there’s a good chance you’ve already looked at purchasing yourself one or two asic scrypt miners to replace your CPU or GPU mining rig.If you haven’t you can learn more about them here.They’re less expensive, don’t take up near as much space and won’t send your power bill through the roof, but is it profitable?With the expected increase in difficulty for many of the altcoins out there, can you realistically expect any return on investment or will you end up with an expensive paperweight?Are you better off purchasing altcoins rather than mining them?What does Litecoins stagnating price yet increase in difficulty mean for miners?There are several questions you should ask yourself before purchasing your asic miner.The first two questions are easy to calculate.Using a mining calculators – this one., a website that has useful features including a mining calculator and currency converter.

If you plan on using a multipool you can expect slightly better numbers, but this is still a good place to being.Using these tools you should be able to calculate the amount of coins you expect to mine, and if you can expect a positive ROI.Assume you have $20,000 to invest in an asic scrypt miner and here are your specs.What are some of the variables you should consider?While you can’t know the answer to these questions, that doesn’t mean we can’t make some educated guesses and calculate estimated ROIs in several different scenarios.Using excel combined with a mining calculator I was able to produce these projections.If you haven’t turned a profit in four months, there is little chance you are ever going to.Setting the difficulty at 21772 gives time for your asic to be shipped, arrived and set up as many asics are still only preorders with promised shipping dates.Looking at this chart, we can see that the mining difficulty will greatly determine how many coins you are able to mine, and so the question of ROI is that of difficulty increment and Litecoins value.

In short, the graph confirms what we already know, but gives us some numbers to work.What can possible miners hope for then?Can you make money mining?Looking back on history, we can see that when asic mining came out for Bitcoin, there was a huge leap in the difficulty for awhile before leveling back out.The truth of the matter is that the difficulty can double, but it takes an equal amount of hasing power to be added for this to happen.bitcoin gbp preevIt would take double the hasing power to increase for the difficulty to increase by double.bitcoin faucet browserThe current network hash rate for Litecoin is 400,792 MH/s, or 400.792Gh/s and the entire scrypt base network hash rate is 1.573+ Th/s as of June 29th, 2014.bitcoin price bitcointalk

A miner with 1.2G/h mining power would only represent a .0029% increase in difficulty for Litecoin, but a hundred of these units would be nearly a 30% increase in hashing power and a thousand of them would be near 300% increase.It’s not crazy to think the entire network hashrate will double, and with multipools we can expect to see this hash rate divided among the most popular coins, with Litecoin taking a large portion of this – right now Litecoin makes up 25.477% of the total network hashrate.bitcoin qt wallet importYes, you can turn a profit, but with the imminent increase in difficulty, your profit is more than likely too small to make the risk worth it.regulation of bitcoin is up for grabsAt the current rate of Litecoin ($8.83USD) you could purchase 2265 coins with $20,000.bitcoins oubliés

That’s more than you’d expect to mine if the difficulty increased at a rate of 9% or even 8%.But let’s not forget mining is one of the best way to be apart of the system and that it is what keeps cryptocurrency decentralized and working.The best thing for investors is a mix of proof-of-work and proof-of-stake investing.In the end, you have to ask yourself two question.How much faith do you have in cryptocurrency and how risk adverse are you?Carter Graydon is not promoting nor invested in any ASIC Mining companies nor cryptocurrencies mentioned.Information provided in this article is not intended to constitute an invitation or an inducement to engage in any investment activity .GENESIS MINING GENESIS MINING INTRODUCTION GENESIS MINING is the world's leading and most transparent hosted hashpower provider for Bitcoin and Altcoins.Reliable & Customer Oriented. POOL CLOUD MINING offers the highest profit contracts in the cloud mining industry, due to 110% block reward and competitive contract prices.

Additionally, their cloud [READ MORE]HASHING 24 (BitFury) HASHING 24 INTRODUCTION HASHING 24 was made by professionals for individuals who want to get involved in bitcoin mining.  , founded in 2014, is a cloud computing platform active in the blockchain industry.Set up by a team with a wealth of professional cloud computing and cloud computing [READ MORE]HASHFLARE HASHFLARE INTRODUCTION HASHFLARE is a new range of cloudmining services brought to you by the HashCoins team of cryptomining experts.Their team has been involved with cryptocurrencies since the inception of Bitcoin [READ MORE]BITCLUB NETWORK BITCLUB NETWORK INTRODUCTION BITCLUB NETWORK is not owned by any single person or entity, they are a team of experts, entrepreneurs, professionals, network marketers, and programming geeks who have all [READ MORE]VIABTC VIABTC INTRODUCTION VIABTC is now launching our cloud mining product — an easy way for EVERYONE to mine your own Bitcoins.Their first cloud mining contract — ViaBTC S9 will run with Antminer S9, the [READ MORE]EOBOT EOBOT INTRODUCTION EOBOT is the easiest, cheapest, and best way to get or mine Bitcoins.

Whether or not you use our Cloud Mining or your own hardware, you can mine any [READ MORE]BITLIONER BITLIONER INTRODUCTION BITLIONER:  You can start earning with your small investment now.Invest Now and get relaxed because they will set your share with out bitcoin mining hardware.Few steps [READ MORE] HASHCOIN INTRODUCTION HASHCOIN Cloud Mining Service.Return on investment within 5 - 7 months.HASHCOIN FACTS Since 22 MAY 2016 AUTOMATIC PAYMENTS/DAILY from 0,005 BTC From 0.00299 BTC (10 GHS) 750% [READ MORE]OXBTC OXBTC INTRODUCTION OXBTC is a cryptocurrency investment service platform which integrates cloud hash power purchase, trading and Bitcoin deposit investment products.Cryptocurrency enthusiasts can purchase, trade cloud hash power and [READ MORE]MINERGATE MINERGATE INTRODUCTION MINERGATE is a mining pool created by a group of cryptocoin enthusiasts.It is the first pool which provides service for merged mining.This means that while mining on [READ MORE]GIGAHASH GIGAHASH INTRODUCTION GIGAHASH offers Bitcoin Cloud Services an easy and safe way to purchase hashpower without having to deal with the complex hardware and software setup.

The company is registered in Varna, [READ MORE]MYCOINCLOUD MYCOINCLOUD INTRODUCTION MYCOINCLOUD mining farm is situated in Bulgaria and they use some of the most efficient miners on the market. was established in Aug.2014, co-founded by one of the largest miner manufacturers in the world.BW is dedicated to providing users a simple, professional, safe and efficient [READ MORE]BITMINER BITMINER INTRODUCTION BITMINER launched in november 2015.They wants to become leading Bitcoin Cloud Service contributing to the crypto-society in the Bitcoin community.Bitminer closely follows and constantly upgrades the possibilities [READ MORE]MINING RIG RENTALS MINING RIG RENTALS INTRODUCTION MINING RIG RENTALS is based on our own experience renting multiple Bitcoin mining rigs from them.MRR has the largest inventory of mining rigs available for rent.[READ MORE]BIT-MINER BIT-MINER INTRODUCTION BIT-MINER Using the Mining as a Service (MaaS) model they break large-scale datacenter mining down to easily manageable pieces.