Right now an S9 hits ROI in 224 days, or 7.4 months. With the price of bitcoin down 57% in one month and difficulty on the rise, the S9 still pays itself off in 7.4 months, and you want to sit there and tell me that even if the price goes back to 20k it would be a stretch to ever roi?
Are you and everyone else who keeps saying this on drugs?
I'm sorry but if all you are doing is looking at the online mining profitability calculators or you're just projecting your earnings today forward to estimate what your miner will earn you over the next 224 days, your are (and I'll say this as nice as I can) letting yourself be mislead.
When I had my S9 running in December (I sold it since then), those online calculators were telling me it would make me about 1 BTC/year. Now if I enter the numbers it's less than half that!
That is because the total network hashrate has doubled since then. If you don't understand the significance of this you should look up the Legend of the Ambalappuzha Paal Payasam.
And guess what, it will almost certainly do so again, at faster and faster rates!
How do I know this you ask? Well I don't know this for certain, it's an estimated guess purely based on the fact that THAT's WHAT IT HAS ALWAYS DONE!
So you can say we're on drugs for saying what we're saying but you're the one betting against the network hashrate doing what it has always done.
Look at the forecast tables I created, I posted them a few pages back, they show you exactly what is likely to occur and what that will mean for your earnings (and beware, at the time BTC was $11500). At the current
