Just my two cents.
GPU mining early + Selling LTC at the right time + Buying S1s at the right time + purchasing A1s at $1.25/GH + Antminer S3s + Free Power = A perfect storm wherein I've been able to ROI and sustain purchases.
I don't think I'm the only one in this boat.
My purchases were made through retail channels without any special discounts.
There is also the chance that we will continue to see sub 20% diff. growth over the next few months. As others have stated, we've hit a bit of a wall in terms of asic dev. We're not in the same boat as we were this month last year.
I will agree though, I'm finding it harder and harder to make an argument to my friends and colleagues to begin mining. Unless you have a special set of circumstances (free power) and can invest in a substantial amount of hardware, the potential gains are not worth the risks over buying and holding.
Unless you always just want to mine as a hobby, and hope you ROI.
Plenty of folks do this.
They like the blikenlights.
The S1 has awesome blikenlights.
Topic: Antminer S3 - Profit is Impossible - page 2. (Read 20062 times)
Old school baseboard heat heating bills are 300 a month in small 4 room homes.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
While Antminers aren't known to catch fire, be careful with extending out your liability to other people's homes. It's one thing to mine in your own house and keep an eye on your equipment. It's another to have somebody else's home go up in flames due to a power supply failure - and that probably won't be covered by the homeowner policy.
This kind of thing should be covered by the policy of the homeowner who has the miner in their home. As long as they don't intentionally set the miner on fire, and as long as it's not considered to be foolishly dangerous (e.g., you know there's a like a 90% chance it will burn your house down), it should be covered.
Home miners with 15btc worth of miners (s-3's) in a garage hashing 9.5 th at 7320 watts...
Philip...is this what you are doing (20 S3)? I am impressed.
Geeze, assuming you ran 3 off 1 power supply, you'd be pulling 70 amps off a 100A panel. Don't start the washer or the dryer
i have 200 amp service
Old school baseboard heat heating bills are 300 a month in small 4 room homes.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
While Antminers aren't known to catch fire, be careful with extending out your liability to other people's homes. It's one thing to mine in your own house and keep an eye on your equipment. It's another to have somebody else's home go up in flames due to a power supply failure - and that probably won't be covered by the homeowner policy.
This kind of thing should be covered by the policy of the homeowner who has the miner in their home. As long as they don't intentionally set the miner on fire, and as long as it's not considered to be foolishly dangerous (e.g., you know there's a like a 90% chance it will burn your house down), it should be covered.
I used to work in liability and risk management. The majority of homeowners' policies do not cover commercial endeavors used at home. So if you install a car lift in your home garage it would not be covered. ASIC miners would be considered a commercial endeavor since it expressly generates revenue. To have it covered you would need to get a rider policy.
This was a grey area with GPU mining since GPUs were not tasked for this, but with ASICs unless you want to try to blatantly lie to the insurance company most people would have to get a rider policy.
I guess the sticking point would be whether or not the insurance company would consider it a hobby or a business. Some go by the revenue, some go by the devices intent.
You would need to call the insurance company directly. I had to get a jewelry rider last week because I bought some rings and necklaces.
Old school baseboard heat heating bills are 300 a month in small 4 room homes.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
While Antminers aren't known to catch fire, be careful with extending out your liability to other people's homes. It's one thing to mine in your own house and keep an eye on your equipment. It's another to have somebody else's home go up in flames due to a power supply failure - and that probably won't be covered by the homeowner policy.
This kind of thing should be covered by the policy of the homeowner who has the miner in their home. As long as they don't intentionally set the miner on fire, and as long as it's not considered to be foolishly dangerous (e.g., you know there's a like a 90% chance it will burn your house down), it should be covered.
I used to work in liability and risk management. The majority of homeowners' policies do not cover commercial endeavors used at home. So if you install a car lift in your home garage it would not be covered. ASIC miners would be considered a commercial endeavor since it expressly generates revenue. To have it covered you would need to get a rider policy.
This was a grey area with GPU mining since GPUs were not tasked for this, but with ASICs unless you want to try to blatantly lie to the insurance company most people would have to get a rider policy.
Old school baseboard heat heating bills are 300 a month in small 4 room homes.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
While Antminers aren't known to catch fire, be careful with extending out your liability to other people's homes. It's one thing to mine in your own house and keep an eye on your equipment. It's another to have somebody else's home go up in flames due to a power supply failure - and that probably won't be covered by the homeowner policy.
This kind of thing should be covered by the policy of the homeowner who has the miner in their home. As long as they don't intentionally set the miner on fire, and as long as it's not considered to be foolishly dangerous (e.g., you know there's a like a 90% chance it will burn your house down), it should be covered.
Home miners with 15btc worth of miners (s-3's) in a garage hashing 9.5 th at 7320 watts...
Philip...is this what you are doing (20 S3)? I am impressed.
Geeze, assuming you ran 3 off 1 power supply, you'd be pulling 70 amps off a 100A panel. Don't start the washer or the dryer
Old school baseboard heat heating bills are 300 a month in small 4 room homes.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
While Antminers aren't known to catch fire, be careful with extending out your liability to other people's homes. It's one thing to mine in your own house and keep an eye on your equipment. It's another to have somebody else's home go up in flames due to a power supply failure - and that probably won't be covered by the homeowner policy.
This kind of thing should be covered by the policy of the homeowner who has the miner in their home. As long as they don't intentionally set the miner on fire, and as long as it's not considered to be foolishly dangerous (e.g., you know there's a like a 90% chance it will burn your house down), it should be covered.
I used to work in liability and risk management. The majority of homeowners' policies do not cover commercial endeavors used at home. So if you install a car lift in your home garage it would not be covered. ASIC miners would be considered a commercial endeavor since it expressly generates revenue. To have it covered you would need to get a rider policy.
This was a grey area with GPU mining since GPUs were not tasked for this, but with ASICs unless you want to try to blatantly lie to the insurance company most people would have to get a rider policy.
Old school baseboard heat heating bills are 300 a month in small 4 room homes.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
While Antminers aren't known to catch fire, be careful with extending out your liability to other people's homes. It's one thing to mine in your own house and keep an eye on your equipment. It's another to have somebody else's home go up in flames due to a power supply failure - and that probably won't be covered by the homeowner policy.
This kind of thing should be covered by the policy of the homeowner who has the miner in their home. As long as they don't intentionally set the miner on fire, and as long as it's not considered to be foolishly dangerous (e.g., you know there's a like a 90% chance it will burn your house down), it should be covered.
Home miners with 15btc worth of miners (s-3's) in a garage hashing 9.5 th at 7320 watts...
Philip...is this what you are doing (20 S3)? I am impressed.
Old school baseboard heat heating bills are 300 a month in small 4 room homes.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
While Antminers aren't known to catch fire, be careful with extending out your liability to other people's homes. It's one thing to mine in your own house and keep an eye on your equipment. It's another to have somebody else's home go up in flames due to a power supply failure - and that probably won't be covered by the homeowner policy.
This kind of thing should be covered by the policy of the homeowner who has the miner in their home. As long as they don't intentionally set the miner on fire, and as long as it's not considered to be foolishly dangerous (e.g., you know there's a like a 90% chance it will burn your house down), it should be covered.
The s-3's are not a short hazard the s-1's are a short hazard.
an atx psu is not a short hazard the dell/hp servers are a short hazard.
Home mining is going to have spot gear on a solo pool like bitsolo.net . Spot miners like s-3's where heat is needed.
Home miners with 15btc worth of miners (s-3's) in a garage hashing 9.5 th at 7320 watts will stop.
Since the home miners having power cheap enough will limit that type of use quite a bit.
Old school baseboard heat heating bills are 300 a month in small 4 room homes.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
While Antminers aren't known to catch fire, be careful with extending out your liability to other people's homes. It's one thing to mine in your own house and keep an eye on your equipment. It's another to have somebody else's home go up in flames due to a power supply failure - and that probably won't be covered by the homeowner policy.
This kind of thing should be covered by the policy of the homeowner who has the miner in their home. As long as they don't intentionally set the miner on fire, and as long as it's not considered to be foolishly dangerous (e.g., you know there's a like a 90% chance it will burn your house down), it should be covered.
The simple way to approach both the 'mine for btc for miners' camp, and the 'buy btc and hold' camp, is to do both. Miners need to put away a small percentage of BTC mined into cold storage wallets. No matter what new and improved ASICs you use, eventually they will be worthless, and eventually you will decide to move on from mining, may not be this year, but it will happen eventually. But what is a guarantee is that if you have some BTC put away in cold storage, it will make all of this worth your time in a few years time.
Or else you will be like those miners in 2010 - 2013 who blew hundreds, sometimes thousands of BTC on bullshit because it was only worth peanuts back then.
Save some of it. Blow the rest on more miners.
Or else you will be like those miners in 2010 - 2013 who blew hundreds, sometimes thousands of BTC on bullshit because it was only worth peanuts back then.
Save some of it. Blow the rest on more miners.
There's no guarantee that today's valuable BTC won't be worth peanuts again.
Honestly, who actually buys BTC to then use them to make a purchase... other than to purchase BTC miners? Miners actually spend their BTC and keep the market healthy. What happens to the BTC market when there are no home miners left?
The "buy and hodlers" do just that... buy and hodl. Whereas miners actually aren't so precious with their stash. I truly believe that the collapse of home mining will be the cause of BTC's (and most alt-coin's) demise.
I think home mining will never collapse. it will morph as people adapt to change.
The simple way to approach both the 'mine for btc for miners' camp, and the 'buy btc and hold' camp, is to do both. Miners need to put away a small percentage of BTC mined into cold storage wallets. No matter what new and improved ASICs you use, eventually they will be worthless, and eventually you will decide to move on from mining, may not be this year, but it will happen eventually. But what is a guarantee is that if you have some BTC put away in cold storage, it will make all of this worth your time in a few years time.
Or else you will be like those miners in 2010 - 2013 who blew hundreds, sometimes thousands of BTC on bullshit because it was only worth peanuts back then.
Save some of it. Blow the rest on more miners.
Or else you will be like those miners in 2010 - 2013 who blew hundreds, sometimes thousands of BTC on bullshit because it was only worth peanuts back then.
Save some of it. Blow the rest on more miners.
There's no guarantee that today's valuable BTC won't be worth peanuts again.
Honestly, who actually buys BTC to then use them to make a purchase... other than to purchase BTC miners? Miners actually spend their BTC and keep the market healthy. What happens to the BTC market when there are no home miners left?
The "buy and hodlers" do just that... buy and hodl. Whereas miners actually aren't so precious with their stash. I truly believe that the collapse of home mining will be the cause of BTC's (and most alt-coin's) demise.
The simple way to approach both the 'mine for btc for miners' camp, and the 'buy btc and hold' camp, is to do both. Miners need to put away a small percentage of BTC mined into cold storage wallets. No matter what new and improved ASICs you use, eventually they will be worthless, and eventually you will decide to move on from mining, may not be this year, but it will happen eventually. But what is a guarantee is that if you have some BTC put away in cold storage, it will make all of this worth your time in a few years time.
Or else you will be like those miners in 2010 - 2013 who blew hundreds, sometimes thousands of BTC on bullshit because it was only worth peanuts back then.
Save some of it. Blow the rest on more miners.
Or else you will be like those miners in 2010 - 2013 who blew hundreds, sometimes thousands of BTC on bullshit because it was only worth peanuts back then.
Save some of it. Blow the rest on more miners.
What if the coin goes DOWN?
Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops? A miner can.
Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops? A miner can.
Purchase miner for 0.75BTC. Mine 0.375BTC. BTC goes down to say $100. You have 0.375BTC worth $37.50.
Don't purchase miner, keep the .75BTC. BTC goes down to say $100. You have 0.75BTC worth $75.00.
No matter what happens with the exchange rate of BTC or whether it goes up or down, 0.75BTC is always more than 0.375.
At this point I simply refuse to believe that anyone can be this obtuse or ignorant. You must be trolling.
I thin it's YOU who is trolling...
BTC @ $600(USD) I Buy 1 coin
BTC @ $600(USD) I buy mining equipment for 1 coin
BTC @ $550(USD) My one coin is worth $550
BTC @ $550(USD) My mined amount can go OVER $550 because I can mine 1+BTC with it.
Are you so obtuse or ignorant that you cannot understand something this simple?
So you're finding the magical miner that makes more BTC than it's initial outlay. Not one BFL device did that. Not one Cointerra. Not one Hashfast. Not one Black Arrow. None of the Avalon B3s.
THe first 2 Avalons, the first KNC Jups, and the first S1s did this.
Dragon, Rockminer, SP30s won't.
Good luck.
you are assuming quite a bit saying a dragon will not do roi in btc. it could. you have no idea of power cost for someone. put in 1th with 0 power cost it will get a lot of coins.
also there is a power wall for asics. and it will be reached when it is reached growth will slow to a crawl.
if power wall is .2 watts diff will max near 600g since no one could earn money even with 8 cents a watt.
and if the power wall is .35 watts diff maxes near 400g at 8 cents
so at a diff of 600g and free power the dragon keeps earning money.
So free power people with smaller rigs will never disappear.
I made roi with s-1's purchased in may
3 for 1.15 btc how did i do it. power at an 84 % discount. 14 cents a kwatt cost me under 2.5 cents. So I will never be fully pushed out of mining due to my power discount.
Well you're obviously the exception to the rule. Maybe the OP was overstating it by saying it's "impossible". But the sentiment is still true for 99% of us.
yeah spot mining at home with a power discount will work.
figure ways that the heat works for you not against you.
make deals with people that have access to low power costs. >>>> big upside if you find them..
I have the one spot 14 cent power is discounted 84% down to 2.24 cents.
I must not run more then 800 watts.
I must make the gear quiet.
There are places that s-3's will pay to run.
I know of 2 developments near my home in Howell NJ that use electric power to heat their home.
Old school baseboard heat heating bills are 300 a month in small 4 room homes.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
While Antminers aren't known to catch fire, be careful with extending out your liability to other people's homes. It's one thing to mine in your own house and keep an eye on your equipment. It's another to have somebody else's home go up in flames due to a power supply failure - and that probably won't be covered by the homeowner policy.
What if the coin goes DOWN?
Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops? A miner can.
Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops? A miner can.
Purchase miner for 0.75BTC. Mine 0.375BTC. BTC goes down to say $100. You have 0.375BTC worth $37.50.
Don't purchase miner, keep the .75BTC. BTC goes down to say $100. You have 0.75BTC worth $75.00.
No matter what happens with the exchange rate of BTC or whether it goes up or down, 0.75BTC is always more than 0.375.
At this point I simply refuse to believe that anyone can be this obtuse or ignorant. You must be trolling.
I thin it's YOU who is trolling...
BTC @ $600(USD) I Buy 1 coin
BTC @ $600(USD) I buy mining equipment for 1 coin
BTC @ $550(USD) My one coin is worth $550
BTC @ $550(USD) My mined amount can go OVER $550 because I can mine 1+BTC with it.
Are you so obtuse or ignorant that you cannot understand something this simple?
So you're finding the magical miner that makes more BTC than it's initial outlay. Not one BFL device did that. Not one Cointerra. Not one Hashfast. Not one Black Arrow. None of the Avalon B3s.
THe first 2 Avalons, the first KNC Jups, and the first S1s did this.
Dragon, Rockminer, SP30s won't.
Good luck.
you are assuming quite a bit saying a dragon will not do roi in btc. it could. you have no idea of power cost for someone. put in 1th with 0 power cost it will get a lot of coins.
also there is a power wall for asics. and it will be reached when it is reached growth will slow to a crawl.
if power wall is .2 watts diff will max near 600g since no one could earn money even with 8 cents a watt.
and if the power wall is .35 watts diff maxes near 400g at 8 cents
so at a diff of 600g and free power the dragon keeps earning money.
So free power people with smaller rigs will never disappear.
I made roi with s-1's purchased in may
3 for 1.15 btc how did i do it. power at an 84 % discount. 14 cents a kwatt cost me under 2.5 cents. So I will never be fully pushed out of mining due to my power discount.
Well you're obviously the exception to the rule. Maybe the OP was overstating it by saying it's "impossible". But the sentiment is still true for 99% of us.
yeah spot mining at home with a power discount will work.
figure ways that the heat works for you not against you.
make deals with people that have access to low power costs. >>>> big upside if you find them..
I have the one spot 14 cent power is discounted 84% down to 2.24 cents.
I must not run more then 800 watts.
I must make the gear quiet.
There are places that s-3's will pay to run.
I know of 2 developments near my home in Howell NJ that use electric power to heat their home.
Old school baseboard heat heating bills are 300 a month in small 4 room homes.
I am attempting to have s-3's mining in one or two of these homes. This could make nice money for me and the home owner's that I recruit.
What if the coin goes DOWN?
Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops? A miner can.
Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops? A miner can.
Purchase miner for 0.75BTC. Mine 0.375BTC. BTC goes down to say $100. You have 0.375BTC worth $37.50.
Don't purchase miner, keep the .75BTC. BTC goes down to say $100. You have 0.75BTC worth $75.00.
No matter what happens with the exchange rate of BTC or whether it goes up or down, 0.75BTC is always more than 0.375.
At this point I simply refuse to believe that anyone can be this obtuse or ignorant. You must be trolling.
I thin it's YOU who is trolling...
BTC @ $600(USD) I Buy 1 coin
BTC @ $600(USD) I buy mining equipment for 1 coin
BTC @ $550(USD) My one coin is worth $550
BTC @ $550(USD) My mined amount can go OVER $550 because I can mine 1+BTC with it.
Are you so obtuse or ignorant that you cannot understand something this simple?
So you're finding the magical miner that makes more BTC than it's initial outlay. Not one BFL device did that. Not one Cointerra. Not one Hashfast. Not one Black Arrow. None of the Avalon B3s.
THe first 2 Avalons, the first KNC Jups, and the first S1s did this.
Dragon, Rockminer, SP30s won't.
Good luck.
you are assuming quite a bit saying a dragon will not do roi in btc. it could. you have no idea of power cost for someone. put in 1th with 0 power cost it will get a lot of coins.
also there is a power wall for asics. and it will be reached when it is reached growth will slow to a crawl.
if power wall is .2 watts diff will max near 600g since no one could earn money even with 8 cents a watt.
and if the power wall is .35 watts diff maxes near 400g at 8 cents
so at a diff of 600g and free power the dragon keeps earning money.
So free power people with smaller rigs will never disappear.
I made roi with s-1's purchased in may
3 for 1.15 btc how did i do it. power at an 84 % discount. 14 cents a kwatt cost me under 2.5 cents. So I will never be fully pushed out of mining due to my power discount.
Well you're obviously the exception to the rule. Maybe the OP was overstating it by saying it's "impossible". But the sentiment is still true for 99% of us.
What if the coin goes DOWN?
Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops? A miner can.
Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops? A miner can.
Purchase miner for 0.75BTC. Mine 0.375BTC. BTC goes down to say $100. You have 0.375BTC worth $37.50.
Don't purchase miner, keep the .75BTC. BTC goes down to say $100. You have 0.75BTC worth $75.00.
No matter what happens with the exchange rate of BTC or whether it goes up or down, 0.75BTC is always more than 0.375.
At this point I simply refuse to believe that anyone can be this obtuse or ignorant. You must be trolling.
I thin it's YOU who is trolling...
BTC @ $600(USD) I Buy 1 coin
BTC @ $600(USD) I buy mining equipment for 1 coin
BTC @ $550(USD) My one coin is worth $550
BTC @ $550(USD) My mined amount can go OVER $550 because I can mine 1+BTC with it.
Are you so obtuse or ignorant that you cannot understand something this simple?
So you're finding the magical miner that makes more BTC than it's initial outlay. Not one BFL device did that. Not one Cointerra. Not one Hashfast. Not one Black Arrow. None of the Avalon B3s.
THe first 2 Avalons, the first KNC Jups, and the first S1s did this.
Dragon, Rockminer, SP30s won't.
Good luck.
you are assuming quite a bit saying a dragon will not do roi in btc. it could. you have no idea of power cost for someone. put in 1th with 0 power cost it will get a lot of coins.
also there is a power wall for asics. and it will be reached when it is reached growth will slow to a crawl.
if power wall is .2 watts diff will max near 600g since no one could earn money even with 8 cents a watt.
and if the power wall is .35 watts diff maxes near 400g at 8 cents
so at a diff of 600g and free power the dragon keeps earning money.
So free power people with smaller rigs will never disappear.
I made roi with s-1's purchased in may
3 for 1.15 btc how did i do it. power at an 84 % discount. 14 cents a kwatt cost me under 2.5 cents. So I will never be fully pushed out of mining due to my power discount.
Let me throw one thing out there..
If the price skyrockets to 10k, you will be pounding out $ per day.
"OH BUT SPAZZDLA EVERYONE WILL JUST BUY MINERS AND IT WILL KILL THE PROFIT!!"
Oh and where will they get all of these miners? BFL? KNC? ... Bitmain and Rockminers won't be able to fill all the orders they will get.
This is where mining really pays off when you buy a machine and the price jumps in the next little bit. Also that obsolete machine becomes useful again..
If the price skyrockets to 10k, you will be pounding out $ per day.
"OH BUT SPAZZDLA EVERYONE WILL JUST BUY MINERS AND IT WILL KILL THE PROFIT!!"
Oh and where will they get all of these miners? BFL? KNC? ... Bitmain and Rockminers won't be able to fill all the orders they will get.
This is where mining really pays off when you buy a machine and the price jumps in the next little bit. Also that obsolete machine becomes useful again..
If BTC doubles in price, people who bought 10BTC a couple of months ago will be laughing at the people who bought miners since they could cash out of they wanted to while the miners are waiting on a trickle of mining income.
Let me throw one thing out there..
If the price skyrockets to 10k, you will be pounding out $ per day.
"OH BUT SPAZZDLA EVERYONE WILL JUST BUY MINERS AND IT WILL KILL THE PROFIT!!"
Oh and where will they get all of these miners? BFL? KNC? ... Bitmain and Rockminers won't be able to fill all the orders they will get.
This is where mining really pays off when you buy a machine and the price jumps in the next little bit. Also that obsolete machine becomes useful again..
If the price skyrockets to 10k, you will be pounding out $ per day.
"OH BUT SPAZZDLA EVERYONE WILL JUST BUY MINERS AND IT WILL KILL THE PROFIT!!"
Oh and where will they get all of these miners? BFL? KNC? ... Bitmain and Rockminers won't be able to fill all the orders they will get.
This is where mining really pays off when you buy a machine and the price jumps in the next little bit. Also that obsolete machine becomes useful again..
So you're finding the magical miner that makes more BTC than it's initial outlay. Not one BFL device did that. Not one Cointerra. Not one Hashfast. Not one Black Arrow. None of the Avalon B3s.
THe first 2 Avalons, the first KNC Jups, and the first S1s did this.
Dragon, Rockminer, SP30s won't.
Good luck.
THe first 2 Avalons, the first KNC Jups, and the first S1s did this.
Dragon, Rockminer, SP30s won't.
Good luck.
Add to that list the early Bitfury rigs. I've made a buttload of coins from my 4 strange, yet wonderful Bitfury rigs. And they're still as energy efficient as many of the newest ASICs.
These discussions usually devolve into this kind of argument. It all depends on your assumptions you make. And while you can claim to want to exclude the BTC/dollar (yes USA centric), you can entirely the reason you can't is that I am not aware of a single electric company that will quote you a stable rate in BTC, it's always in dollar. You then have to make assumptions about the difficulty increases, or decreases along the way. Finally you have to make an assumption about the residual value of the mining hardware. It quite easy to pick values that show a profit (in BTC), and those that show a loss (in BTC). All of you can be right, and all can be wrong, all at the same time.
If I assume 20% difficulty jumps, and pay $.50/Kwh, and zero residual value, then I lose for sure. If I assume 2% jumps, $.05/KWh, and 50% residual (in BTC), then profit is assured. Neither of these set of assumptions match my reality, and don't likely match your either. Both however are possible, although not likely.
If I assume 20% difficulty jumps, and pay $.50/Kwh, and zero residual value, then I lose for sure. If I assume 2% jumps, $.05/KWh, and 50% residual (in BTC), then profit is assured. Neither of these set of assumptions match my reality, and don't likely match your either. Both however are possible, although not likely.
The voice of reason at last!
Yes, there is some slim, outside chance that an S3 will earn more BTC than it costs. It is very unlikely though. And most thoughtful investors would stay far, far away from such an investment.
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