Does anyone have any info on the life span of Antminer S7 Batch 8 or Batch 9?
Or at least approximately
Lifespan in terms of making money or reliability?
I am asking because this is going to be my first miner ever. I am planning on running it 24/7 in a really cold room.
Noise is not a problem. Electricity is $0.089 kW/h.
In my country the average monthly payment for a job is $220...
With my calculations this machine is going to be bringing me around $415 per month and around $330 profit. Break even in 3 months .
Break even will be longer my friend. But "free" heat is always good no ? With the difficulty rise, you will make 400, then, 350, then 300 per month (im pulling numbers out of thin air), etc. But you will make a profit even after halving hopefully, you electricity isnt too bad. Also consider that you will sell the miner after a while. How much will it be worth after the halving ? Hard to say. Judging from experience, it will retain much of its value. Its a lot of money (even though some people here dont hesitate to drop 50k on miners...but then again its all re-invested money). Also dont forget customs and taxes, I had to pay over 300$cad (god damn...).
Thanks for the quick reply.
Customs are not a problem
Since I got into bitcoin like a month ago I still do not know how easy/hard it is to sell a bitcoin.
I created a wallet a few days ago and bought $20 worth of BTC just to see how the procedure works.
Now I want to ask, if the difficulty rises, isnt the BTC's price going to go up?
And literally less than 100 people in my country know about BTC and mining.. Not sure how I am going to sell the miner.
And I was asking about the life span meaning how long till it dies after running 24/7.
English is not my native.
