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Topic: [Antminer S1 Sales open] Price changes daily, now 0.414 BTC for 180GH/s - page 150. (Read 346285 times)

full member
Activity: 168
Merit: 100
.05 per day per antminer is very good. I wouldnt change a thing. I am making about .039 I think

He is making 0.05 per day for both. That is about 32 usd per day. Assuming he's using 900 W (overclocked, otherwise daily earnings would be a bit lower), that's 21 kwh/day. At 0.15/kwh that is 3 usd per day in electricity, for a net profit of about 29 usd per day. Over a three month period that translates to spending a bit under $300 for electricity and around $1400 hardware cost.


The point I am trying to make is that if this a profitable business model, with difficulty going up every 10-12 days it will take long time to break even.




He will break even on hardware in probably 50 days (after factoring in electricity) and from that point on be making a profit. Will he get rich? No. Will he make some money? Sure. If you could make enough per month to cover a car payment after 50 days why not?

My goal is to make enough each month to cover child care for my new and first baby coming up.
legendary
Activity: 2968
Merit: 1198
The point I am trying to make is that if this a profitable business model, with difficulty going up every 10-12 days it will take long time to break even.

It all depends how fast you think the difficulty is going to go up and what you think the bitcoin price is going to do. No one can answer that for you.

hero member
Activity: 532
Merit: 500
TaaS is a closed-end fund designated to blockchain
.05 per day per antminer is very good. I wouldnt change a thing. I am making about .039 I think

He is making 0.05 per day for both. That is about 32 usd per day. Assuming he's using 900 W (overclocked, otherwise daily earnings would be a bit lower), that's 21 kwh/day. At 0.15/kwh that is 3 usd per day in electricity, for a net profit of about 29 usd per day. Over a three month period that translates to spending a bit under $300 for electricity and around $1400 hardware cost.


The point I am trying to make is that if this a profitable business model, with difficulty going up every 10-12 days it will take long time to break even.




Bitcoin is a volatile market because price and difficulty level, also your costs are important I do mining and I sold 1000s Antminers S1 and other miners I saw many customers of all sizes making profit. But is risky if you can't afford to loose money avoid Bitcoin mining.

Is my personal opinion.

Juan
member
Activity: 107
Merit: 10
.05 per day per antminer is very good. I wouldnt change a thing. I am making about .039 I think

He is making 0.05 per day for both. That is about 32 usd per day. Assuming he's using 900 W (overclocked, otherwise daily earnings would be a bit lower), that's 21 kwh/day. At 0.15/kwh that is 3 usd per day in electricity, for a net profit of about 29 usd per day. Over a three month period that translates to spending a bit under $300 for electricity and around $1400 hardware cost.


The point I am trying to make is that if this a profitable business model, with difficulty going up every 10-12 days it will take long time to break even.


legendary
Activity: 2968
Merit: 1198
.05 per day per antminer is very good. I wouldnt change a thing. I am making about .039 I think

He is making 0.05 per day for both. That is about 32 usd per day. Assuming he's using 900 W (overclocked, otherwise daily earnings would be a bit lower), that's 21 kwh/day. At 0.15/kwh that is 3 usd per day in electricity, for a net profit of about 29 usd per day. Over a three month period that translates to spending a bit under $300 for electricity and around $1400 hardware cost.
sr. member
Activity: 434
Merit: 250
Could you guys tell me how much in BTC your machine is making?

I don't overclock so I get about .03 day. My stats are here:

http://eligius.st/~wizkid057/newstats/userstats.php/17PHEZaiJqARt7GkBC8MLRijUDSgAgpH9P

The gaps are when I mine alt coins. But I've mostly been doing BTC all this week.
legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
I have been mining with 2 units for about 3 days now on Eligius Pool, it appears that both units are making about .05 BTC per day with the current difficulty, I spent about 2.85 BTC plus 2 PSU for about $225, this is a test for me, thinking about buying about 20 units but wonder if it makes any business sense.

Could you guys tell me how much in BTC your machine is making?

Any input would be appreciated.

The real factor is electricity cost and required cooling.  Antminers generally make sense for anyone <0.15/kwh in a cooler climate or <$0.10/kwh in a warmer climate where airconditioning is a necessity.

Summer is coming, and there are going to be some very hot datacenters
full member
Activity: 218
Merit: 100
I have been mining with 2 units for about 3 days now on Eligius Pool, it appears that both units are making about .05 BTC per day with the current difficulty, I spent about 2.85 BTC plus 2 PSU for about $225, this is a test for me, thinking about buying about 20 units but wonder if it makes any business sense.

Could you guys tell me how much in BTC your machine is making?

Any input would be appreciated.
.05 per day per antminer is very good. I wouldnt change a thing. I am making about .039 I think
member
Activity: 107
Merit: 10
I have been mining with 2 units for about 3 days now on Eligius Pool, it appears that both units are making about .05 BTC per day with the current difficulty, I spent about 2.85 BTC plus 2 PSU for about $225, this is a test for me, thinking about buying about 20 units but wonder if it makes any business sense.

Could you guys tell me how much in BTC your machine is making?

Any input would be appreciated.
sr. member
Activity: 296
Merit: 250
1st post 1st order after lurking and I am exited for the future! I've had coins for years and this was my 1st purchase ever. Thanks BITMAIN and thanks to this very active community.
welcome to the BTC community.
 
newbie
Activity: 2
Merit: 0
1st post 1st order after lurking and I am exited for the future! I've had coins for years and this was my 1st purchase ever. Thanks BITMAIN and thanks to this very active community.
legendary
Activity: 2968
Merit: 1198
Ant miners work wonderfully well with p2pool, which helps the bitcoin network stay decentralized, and there are never payout issues since p2pool always mines coins directly to your wallet.

P2pool has been struggling to maintain and grow its hash rate to keep up with the network and needs your help to grow. If we can get to say 20-30% of the network (an ambitious target), we can help prevent any future 51% attacks.

https://bitcointalksearch.org/topic/p2poolcom-support-and-information-thread-504700
https://bitcointalksearch.org/topic/1500-th-p2pool-decentralized-dos-resistant-hop-proof-pool-18313
https://bitcointalksearch.org/topic/a-guide-for-mining-efficiently-on-p2pool-includes-fud-repellent-and-faq-153232

Thanks book marked. What is the 51% attacks?

https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power
full member
Activity: 168
Merit: 100
Ant miners work wonderfully well with p2pool, which helps the bitcoin network stay decentralized, and there are never payout issues since p2pool always mines coins directly to your wallet.

P2pool has been struggling to maintain and grow its hash rate to keep up with the network and needs your help to grow. If we can get to say 20-30% of the network (an ambitious target), we can help prevent any future 51% attacks.

https://bitcointalksearch.org/topic/p2poolcom-support-and-information-thread-504700
https://bitcointalksearch.org/topic/1500-th-p2pool-decentralized-dos-resistant-hop-proof-pool-18313
https://bitcointalksearch.org/topic/a-guide-for-mining-efficiently-on-p2pool-includes-fud-repellent-and-faq-153232

Thanks book marked. What is the 51% attacks?
legendary
Activity: 2968
Merit: 1198
Ant miners work wonderfully well with p2pool, which helps the bitcoin network stay decentralized, and there are never payout issues since p2pool always mines coins directly to your wallet.

P2pool has been struggling to maintain and grow its hash rate to keep up with the network and needs your help to grow. If we can get to say 20-30% of the network (an ambitious target), we can help prevent any future 51% attacks.

https://bitcointalksearch.org/topic/p2poolcom-support-and-information-thread-504700
https://bitcointalksearch.org/topic/1500-th-p2pool-decentralized-dos-resistant-hop-proof-pool-18313
https://bitcointalksearch.org/topic/a-guide-for-mining-efficiently-on-p2pool-includes-fud-repellent-and-faq-153232
legendary
Activity: 2212
Merit: 1001
What is the best pool right now for someone new coming out of the gate?

eligius.st

Even though I am currently on BTCGuild I am also considering moving my miners to eligius as BTCGuild has increased their hashrate and my total shares has dropped.

So yeah, at the time eligius is your best bet.  

Eligius is having payout issues,twice in a week I've had to wait up to 3 days for a payout  Angry  You don't lose any shares or BTC,it keeps adding up but it goes into failover or whatever & the payouts are delayed  Roll Eyes

I'm back at BTCGuild until Eligius fixes their pool......................................
hero member
Activity: 1582
Merit: 502
What is the best pool right now for someone new coming out of the gate?

eligius.st

Even though I am currently on BTCGuild I am also considering moving my miners to eligius as BTCGuild has increased their hashrate and my total shares has dropped.

So yeah, at the time eligius is your best bet.  
legendary
Activity: 3234
Merit: 1220
What is the best pool right now for someone new coming out of the gate?

eligius.st
full member
Activity: 168
Merit: 100
What is the best pool right now for someone new coming out of the gate?
full member
Activity: 156
Merit: 100
Cryptocurrency Rules man!
How do you get a coupon?  Huh

Buy right before a price drop and they'll give you a coupon for the price drop you can use on your next order.

okay. nice.
sr. member
Activity: 434
Merit: 250
How do you get a coupon?  Huh

Buy right before a price drop and they'll give you a coupon for the price drop you can use on your next order.
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