Advise for mining - page 2. | Bitcointalksearch.org

notlist3d

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Quote from: notlist3d on October 30, 2015, 11:39:55 AM

Quote from: QuintLeo on October 30, 2015, 05:08:11 AM

Even at 3 cent electric the S3 would be a poor choice, unless you can get them almost free and get some very low cost efficient PS to run them with.

I was just saying no older then this. He is free to get newer and yes he will have more hash. It all depends on what price he can get gear at. As I think S7 is overkill on .03 cents currently.

If OP can get a deal on S5's or something in that generation yes he will be doing very good at .03 cents. I think with so low electricity a used miner is quicker ROI in most cases (he needs to do ROI math before buying).

He has a great budget, he could buy 1 S7 and 3 S5 and have great resales on the S7, he would be able to pump out around 17$ a day, one month and he is already paying off the S5. Looks like if he went this plan he could have an ROI in 202 Days and easily resell for a ton.

You are right he's in a awsome position as far as options. A quick ROI on S5's sounds interesting to me just since quick ROI, then he can add more miners after that. If he got a S7 yes he would be able to use it for quite some time. If we only knew having and what it would do, but it stands a chance of still running on having if BTC value is decent on S7.

So pros/cons on both sides.

notlist3d

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Quote from: QuintLeo on October 30, 2015, 05:08:11 AM

Even at 3 cent electric the S3 would be a poor choice, unless you can get them almost free and get some very low cost efficient PS to run them with.

I was just saying no older then this. He is free to get newer and yes he will have more hash. It all depends on what price he can get gear at. As I think S7 is overkill on .03 cents currently.

If OP can get a deal on S5's or something in that generation yes he will be doing very good at .03 cents. I think with so low electricity a used miner is quicker ROI in most cases (he needs to do ROI math before buying).

Dalkore

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Mining since 2010 & Hosting since 2012

At this point, I would think about just buying Bitcoins and holding them unless you can get newer unit for a great price. With this current run-up in price, that might not be such an easy task.

Glucose

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Quote from: QuintLeo on October 30, 2015, 05:08:11 AM

Even at 3 cent electric the S3 would be a poor choice, unless you can get them almost free and get some very low cost efficient PS to run them with.

I agree with QuintLeo. S3 isn't really profitable enough. He better invest in something new. Especially with the electricity rate he has. 3 cent is quite cheap.

But it looks like OP should also read more about mining before jumping in.

RichBC

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Quote from: chiajw1 on October 30, 2015, 12:19:29 AM

Now I am trying to make profit to mine. Can anyone advise me on what mining equipment to mine and the ROI?
My electricity is 3 cents/ kWH. My budget is around 2500 usd.
Thanks

That is a great electricity price and a good starting budget. A couple of Weeks ago I would have said go for an S7 . However at the moment I would say wait a few Weeks, do some research and use one of the online ROI calculators to compare second hand S3, S5 with a new S7 so that you can make an informed decision.

There are then potentially 3 new 3.5TH "Home Miners" on the horizon from Bitmain, Avalon & BW.com, more information is trickling out each Day. One or even two of these might be a good choice?

Rich

anthonycamp

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well thers like 50 threads of S miners and some have price and url to you i advise you to gradualy llok good and invest like into 30 weeks into even a buy but the roi and price per watt its like going to get 7 months to return and the afterwods its just 1000$ you profit into the end of 2016 of any miner soo do like a hold on btc coins till it gets to 400 or 500$ in order for you to never lose those 2500 and get a profit of 1000 into a s3 for instances or even 5 i dont know the s5 price but.

QuintLeo

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Even at 3 cent electric the S3 would be a poor choice, unless you can get them almost free and get some very low cost efficient PS to run them with.

bittamak

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Quote from: chiajw1 on October 30, 2015, 02:54:08 AM

Quote from: notlist3d on October 30, 2015, 12:29:21 AM

Start doing ROI is my best advice - https://bitcoinwisdom.com/bitcoin/calculator

You have good electricity so a pretty good start. Do you have a Vat or any Import taxes? But I would go no older then S3 or better S3+. But make sure to do ROI and see if it makes sense. I would look for a deal on a miner with that electricity price.

Actually what is S3?

Get details from S3 here... https://bitmaintech.com/productDetail.htm?pid=00020140630025130637RV8OhOwt06BC
Dude...I suggest you read more and understand mining difficulties before jumping straight into it.

chiajw1

newbie

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Quote from: notlist3d on October 30, 2015, 12:29:21 AM

Start doing ROI is my best advice - https://bitcoinwisdom.com/bitcoin/calculator

You have good electricity so a pretty good start. Do you have a Vat or any Import taxes? But I would go no older then S3 or better S3+. But make sure to do ROI and see if it makes sense. I would look for a deal on a miner with that electricity price.

Actually what is S3?

notlist3d

legendary

Activity: 1456

Merit: 1000

Start doing ROI is my best advice - https://bitcoinwisdom.com/bitcoin/calculator

You have good electricity so a pretty good start. Do you have a Vat or any Import taxes? But I would go no older then S3 or better S3+. But make sure to do ROI and see if it makes sense. I would look for a deal on a miner with that electricity price.

chiajw1

newbie

Activity: 56

Merit: 0

Now I am trying to make profit to mine. Can anyone advise me on what mining equipment to mine and the ROI?
My electricity is 3 cents/ kWH. My budget is around 2500 usd.
Thanks

Topic: Advise for mining - page 2. (Read 1668 times)