Unless price of BTC doubles in short order after halving ( http://www.bitcoinblockhalf.com/ ) of Block rewards early adopters are screwing themselves paying these initial asking prices for S9.
Curious to see what the S9 will be selling for in August.
Curious to see what the S9 will be selling for in August.
No technically everyone who buys this is screwing themselves, even if BTC price doubles. I think the doubling will happen (well 400>800) but the point is you'd be better off buying 3.4BTC and HODL rather than spend 3.4BTC to make 2.9BTC back in the future!
so buy and hold..
I did both I am holding coins . I am buying s-9's.
I will let you know which does better.
and once again all buy and hold predictions are wrong if this happens below.
Nov 05 2014 39,603,666,252 10.05% 283,494,086 GH/s coin price was 368
Oct 29 2015 62,253,982,450 2.25% 445,631,364 GH/s coin price was 295
so buying an sp20 on nov 5 2014 mining it for just under 1 year
vs buying a few coins on nov 5 2014 holding it for just under 1 year
If that happens you'll have 2.5 coins from this miner and I'll have 3.5 from holding. We both lose with price drop, but I lose less.
If you can't ROI in BTC there is absolutely no scenario where the miner is better than holding. You gain less on BTC rise and lose more on BTC drop.
And that's if your gear makes it a year. Remember, you've got all the risk of mining.
I would have a working miner in my case
diff would be 1.57 x 196 = 307
coins would be 460
so the miner would be viable as an earner 1 year from today
it would be earning .095 btc a diff adjustment at 10 cent power
it would be earning .11 btc a diff adjustment at 9 cent power
it would be earning .13 btc a diff adjustment at 8 cent power
so if growth drops to 1.9 % for a year like my example
which is did in my time frame
and if price drops 20% which it did in my example.
you would have a miner that does 13000th at 1300 watts a year from today and it would be a viable money earner .
So it would bitch slap your buy and hold idea. you are wrong in my example.. if you fail to see that and admit it. you life will always be that of unhappiness and bitterness because yu fail to see you are wrong some of the time.
I will say many cases that can happen that you would be correct about the s-9.
but not my example above.
Haha, unhappiness and bitterness. I like it.
My position has always been that you run ROI in BTC. If you can't ROI in BTC you hold.
You're right in that the example you provided would make for a viable miner. It is viable in that scenario because it ROIs in BTC. I've been waiting for someone to stop arguing about the logic of BTC ROI and simply put forth the scenario and math in which this miner could actually accomplish a BTC ROI.
Congratulations, you've done that.
Now the only question is, do you believe the network will slow down to 2% growth?
Thank you ,
so happiness is in store for you and myself.
Do I think the case above will repeat no , but I think it could repeat.
So I purchased 3 s-9's (I have really low power cost) and I saved 5 coins. which is about an 11.5 to 5 coin ratio. and I have some cash 3k and a few eth miners 2k.
If I really believed in it I would have done 7 s-9's at about 23 coins. so I am in coin game for 11-12 k but playing 4 or 5 positions looking to shift to any of the five spots.
