$1500 budget, im torn in choices on miners

ThunderThomas

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Quote from: mwizard on February 05, 2016, 07:26:25 PM

Quote from: RichBC on February 05, 2016, 05:38:54 PM

Quote from: Exoskeleton on February 05, 2016, 05:26:36 PM

I think that there will be some incredible deals on S5s soon. Around or just under $200. Give it a few months and I think your best option might be used gear if things keep blowing up and miners keep selling their gear.

Yes but what's the point of an incredible deal on a piece of equipment that only makes money if you have 1 cent electricity?

Rich

By Monday even a free S5 will only be worth turning on if your electricity cost is under 10.5 cents kWh.

A free S7 is only worth turning on if electricity is under 18 cents per kWh.

So even if the miner is already paid for there is little point keeping an S5 if it cannot cover the electrical cost. So expect to see cheap S5s.

(Note - based on 1 Terrahash generating 5.44 cents USD per hour.)

On paper you are right. The prices of those miners should go down.
But make sure to check out the market place please will sell their miners for prices which will never give you ROi.

mwizard

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Quote from: RichBC on February 05, 2016, 05:38:54 PM

Quote from: Exoskeleton on February 05, 2016, 05:26:36 PM

I think that there will be some incredible deals on S5s soon. Around or just under $200. Give it a few months and I think your best option might be used gear if things keep blowing up and miners keep selling their gear.

Yes but what's the point of an incredible deal on a piece of equipment that only makes money if you have 1 cent electricity?

Rich

By Monday even a free S5 will only be worth turning on if your electricity cost is under 10.5 cents kWh.

A free S7 is only worth turning on if electricity is under 18 cents per kWh.

So even if the miner is already paid for there is little point keeping an S5 if it cannot cover the electrical cost. So expect to see cheap S5s.

(Note - based on 1 Terrahash generating 5.44 cents USD per hour.)

RichBC

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Quote from: Exoskeleton on February 05, 2016, 05:26:36 PM

I think that there will be some incredible deals on S5s soon. Around or just under $200. Give it a few months and I think your best option might be used gear if things keep blowing up and miners keep selling their gear.

Yes but what's the point of an incredible deal on a piece of equipment that only makes money if you have 1 cent electricity?

Rich

Exoskeleton

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Quote from: notlist3d on December 14, 2015, 08:17:43 PM

Quote from: RichBC on December 14, 2015, 12:20:06 PM

I would go with the S7 over the S5. Price is good at the moment for a batch 8 and if the difficulty keeps on the way it is, even if we hold $440 an S5 on 5c electricity will barely be making money after the Halving.

Rich

I would agree that new miners will have better resell value. Which can be important. Most miners like me I think mine with it till it is not as profitable, then sell to someone with lower or free electricity Most miners have multiple owners I think in their life.

Only other thing is with free if you get a deal on old it can be better. Depends on pay per T/GH if you do get a good deal and can ROI quick old can be good for "free"

I think that there will be some incredible deals on S5s soon. Around or just under $200. Give it a few months and I think your best option might be used gear if things keep blowing up and miners keep selling their gear.

notlist3d

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Quote from: posternat on February 01, 2016, 04:20:52 AM

Quote from: RichBC on December 14, 2015, 12:20:06 PM

I would go with the S7 over the S5. Price is good at the moment for a batch 8 and if the difficulty keeps on the way it is, even if we hold $440 an S5 on 5c electricity will barely be making money after the Halving.

Rich

The S7 is better than S5 for the short term, or before the 16 nm chip based miners come out. After that, the block halving will make it obsolete.

Having is going to hurt on most of us. Those with super cheap electricity will make it though it and have a TON of used gear to buy for pretty cheap I'm guessing. Only thing is look at chips like Bitfury if we can get sub .10 cent chips one day that is a game changer it becomes profitable.

Not bitfury might not sell to little customers. But I think eventually someone with a decent next get chip will com in for small consumers. I'm not sure who to guess on it though, to much secrecy to really know.

posternat

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Quote from: RichBC on December 14, 2015, 12:20:06 PM

I would go with the S7 over the S5. Price is good at the moment for a batch 8 and if the difficulty keeps on the way it is, even if we hold $440 an S5 on 5c electricity will barely be making money after the Halving.

Rich

The S7 is better than S5 for the short term, or before the 16 nm chip based miners come out. After that, the block halving will make it obsolete.

notlist3d

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Quote from: RichBC on December 14, 2015, 12:20:06 PM

I would go with the S7 over the S5. Price is good at the moment for a batch 8 and if the difficulty keeps on the way it is, even if we hold $440 an S5 on 5c electricity will barely be making money after the Halving.

Rich

I would agree that new miners will have better resell value. Which can be important. Most miners like me I think mine with it till it is not as profitable, then sell to someone with lower or free electricity Most miners have multiple owners I think in their life.

Only other thing is with free if you get a deal on old it can be better. Depends on pay per T/GH if you do get a good deal and can ROI quick old can be good for "free"

RichBC

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I would go with the S7 over the S5. Price is good at the moment for a batch 8 and if the difficulty keeps on the way it is, even if we hold $440 an S5 on 5c electricity will barely be making money after the Halving.

Rich

notlist3d

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Quote from: fr4nkthetank on December 14, 2015, 09:27:45 AM

you may be better off with s5. Just consider resale value too - what will an s5 be worth after halving ? s7 ?

No one knows this it will depend on difficulty and BTC price. If btc goes up... value of miners go up.

We will know it's worth more then a S3. And less than a S7. But as far as exact amount we wont know that.

fr4nkthetank

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Now the money is free, and so the people will be

you may be better off with s5. Just consider resale value too - what will an s5 be worth after halving ? s7 ?

RichBC

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Quote from: Atomicat on December 14, 2015, 02:35:16 AM

Quote from: notlist3d on December 13, 2015, 05:06:12 PM

Quote from: Atomicat on December 13, 2015, 04:56:45 AM

Quote from: Amph on December 13, 2015, 03:42:17 AM

Quote from: QuintLeo on December 12, 2015, 04:11:03 AM

Quote from: Amph on December 11, 2015, 02:25:59 AM

the choice is easy , with free electricity the efficient does not matter anymore, instead what it matter is the initial investment, to speed up the roi

Not always true, it depends a lot on HOW MUCH free electricity you have available.

15 PH of cloud hashing, at 3 TH per machine, works out to 5000 machines - yeah, that might take a little while to fill. If they do it as the 10TH mentioned option, it's only 1500 machines - probably can fill that in a month or less if they get enough chips out of the foundry.

Mostly I'm waiting to see what the A3 ends up looking like in a machine, at this point.

well he clearly said lower than 3k watt, so he can have a lower income with more wattage needed because he want those inefficent machine, but he would save a very good amount of money on the investment

anyway we are talking about a tiny profit here, so it does not mater much

The benefit if having free electricity is not tiny. It amounts to a huge chunk of your mining payouts.

It depends on the amount. I would argue 100 amp of cheap electricity beats out a few thousand watts of free electricity.

Most free electricity is very limited. So you really will not be mining a ton of unit's with free.

I agree with you but having free electricity increases the ROI time frame by a considerable amount.

Yes having some free electricity would be very nice. Not just the ROI, but just knowing that whatever equipment you are running old or new, it will be making some money without the need to do the maths.

Rich

Atomicat

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Quote from: notlist3d on December 13, 2015, 05:06:12 PM

Quote from: Atomicat on December 13, 2015, 04:56:45 AM

Quote from: Amph on December 13, 2015, 03:42:17 AM

Quote from: QuintLeo on December 12, 2015, 04:11:03 AM

Quote from: Amph on December 11, 2015, 02:25:59 AM

the choice is easy , with free electricity the efficient does not matter anymore, instead what it matter is the initial investment, to speed up the roi

Not always true, it depends a lot on HOW MUCH free electricity you have available.

15 PH of cloud hashing, at 3 TH per machine, works out to 5000 machines - yeah, that might take a little while to fill. If they do it as the 10TH mentioned option, it's only 1500 machines - probably can fill that in a month or less if they get enough chips out of the foundry.

Mostly I'm waiting to see what the A3 ends up looking like in a machine, at this point.

well he clearly said lower than 3k watt, so he can have a lower income with more wattage needed because he want those inefficent machine, but he would save a very good amount of money on the investment

anyway we are talking about a tiny profit here, so it does not mater much

The benefit if having free electricity is not tiny. It amounts to a huge chunk of your mining payouts.

It depends on the amount. I would argue 100 amp of cheap electricity beats out a few thousand watts of free electricity.

Most free electricity is very limited. So you really will not be mining a ton of unit's with free.

I agree with you but having free electricity increases the ROI time frame by a considerable amount.

notlist3d

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Quote from: Atomicat on December 13, 2015, 04:56:45 AM

Quote from: Amph on December 13, 2015, 03:42:17 AM

Quote from: QuintLeo on December 12, 2015, 04:11:03 AM

Quote from: Amph on December 11, 2015, 02:25:59 AM

the choice is easy , with free electricity the efficient does not matter anymore, instead what it matter is the initial investment, to speed up the roi

Not always true, it depends a lot on HOW MUCH free electricity you have available.

15 PH of cloud hashing, at 3 TH per machine, works out to 5000 machines - yeah, that might take a little while to fill. If they do it as the 10TH mentioned option, it's only 1500 machines - probably can fill that in a month or less if they get enough chips out of the foundry.

Mostly I'm waiting to see what the A3 ends up looking like in a machine, at this point.

well he clearly said lower than 3k watt, so he can have a lower income with more wattage needed because he want those inefficent machine, but he would save a very good amount of money on the investment

anyway we are talking about a tiny profit here, so it does not mater much

The benefit if having free electricity is not tiny. It amounts to a huge chunk of your mining payouts.

It depends on the amount. I would argue 100 amp of cheap electricity beats out a few thousand watts of free electricity.

Most free electricity is very limited. So you really will not be mining a ton of unit's with free.

Atomicat

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Quote from: Amph on December 13, 2015, 03:42:17 AM

Quote from: QuintLeo on December 12, 2015, 04:11:03 AM

Quote from: Amph on December 11, 2015, 02:25:59 AM

the choice is easy , with free electricity the efficient does not matter anymore, instead what it matter is the initial investment, to speed up the roi

Not always true, it depends a lot on HOW MUCH free electricity you have available.

15 PH of cloud hashing, at 3 TH per machine, works out to 5000 machines - yeah, that might take a little while to fill. If they do it as the 10TH mentioned option, it's only 1500 machines - probably can fill that in a month or less if they get enough chips out of the foundry.

Mostly I'm waiting to see what the A3 ends up looking like in a machine, at this point.

well he clearly said lower than 3k watt, so he can have a lower income with more wattage needed because he want those inefficent machine, but he would save a very good amount of money on the investment

anyway we are talking about a tiny profit here, so it does not mater much

The benefit if having free electricity is not tiny. It amounts to a huge chunk of your mining payouts.

Amph

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Quote from: QuintLeo on December 12, 2015, 04:11:03 AM

Quote from: Amph on December 11, 2015, 02:25:59 AM

the choice is easy , with free electricity the efficient does not matter anymore, instead what it matter is the initial investment, to speed up the roi

Not always true, it depends a lot on HOW MUCH free electricity you have available.

15 PH of cloud hashing, at 3 TH per machine, works out to 5000 machines - yeah, that might take a little while to fill. If they do it as the 10TH mentioned option, it's only 1500 machines - probably can fill that in a month or less if they get enough chips out of the foundry.

Mostly I'm waiting to see what the A3 ends up looking like in a machine, at this point.

well he clearly said lower than 3k watt, so he can have a lower income with more wattage needed because he want those inefficent machine, but he would save a very good amount of money on the investment

anyway we are talking about a tiny profit here, so it does not mater much

posternat

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If your electricity price is high, you can buy some S7. If it is lower, then buy some S5. S7 is more efficient than S5, but it is more expensive.

QuintLeo

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Quote from: Amph on December 11, 2015, 02:25:59 AM

the choice is easy , with free electricity the efficient does not matter anymore, instead what it matter is the initial investment, to speed up the roi

Not always true, it depends a lot on HOW MUCH free electricity you have available.

15 PH of cloud hashing, at 3 TH per machine, works out to 5000 machines - yeah, that might take a little while to fill. If they do it as the 10TH mentioned option, it's only 1500 machines - probably can fill that in a month or less if they get enough chips out of the foundry.

Mostly I'm waiting to see what the A3 ends up looking like in a machine, at this point.

notlist3d

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Quote from: QuintLeo on December 11, 2015, 04:36:21 AM

I'd wait a couple months or so, see what BW.com prices the B-Eleven at, and what Innosilicon does with their A3.

There is not really enough for us to know in a couple of months it will be out. And even if it is who knows date public sales start.

They sold a TON of cloud hashing which we can assume will be first to get machines. I expect others to come after that. And we also have not seen chips, or prototype so timeline really is hard to say.

HarryKPeters

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Waiting could be the solution here. The price is increasing and so is the hash. Difficulty is sky rocketing, so to need the most power efficietn miner. Both SP/Bitmain miners won't be the most efficient miners in a few months time. So you could only benefit a few months of their efficiency.

Also the next batch S7 is shipped after christmas, so you will get in in january at the soonest.

QuintLeo

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I'd wait a couple months or so, see what BW.com prices the B-Eleven at, and what Innosilicon does with their A3.

Topic: $1500 budget, im torn in choices on miners (Read 1874 times)