Anybody else think this is just crazy?! I can't see how you would ever get your money back buying miners now that will be delivered in March.
I just sold my beloved S9 on Ebay (with good profit), as difficulty/hashrate is going up exponentially and BTCUSD exchange rate is not following as it was a month ago. Not saying that won't pick up again but it would need a huge kick in the bum to make up for all the miners coming online in Jan/Feb/March.
It's true what they say:
"When there's a gold rush, sell picks and shovels"...
this might be true but if you already have few miners, probably 6 or more, you can keep on adding up more miners from profit and to keep up with the difficulty.
but just buying 1 miner is not reasonable unless it is for fun and you have the $
That does not make sense.
ROI on 6 would not be different from ROI on one.
Unless I am missing something, this remains linear.
Agreed
you are missing breakage issues.
1 unit dead controller = 100% hash lost
6 units 1 dead controller = 16 ⅔ % hash lost
over time you will get dead units.. so having 3 or more allows swapping stuff. having only 1 does not.
I'm still not getting it I think, you are buying miners to run correct? Not for spares?
If you buy miners now, all that matters is over what time frame those units will pay themselves back.
Whether you have other units running already and whether they can break has nothing to do with your this investment.
okay buy a miner and break the controller you are at zero for a really long time. maybe 60 days before you get a part.
I have 2 miners I break a controller for that miner I am at 0% but for my other miner I am at 100%
cost avg of 0% + 100% = 50%
to carry it further
I stay at 50% for 2 years because I never get the replacement part.
you stay at 0% for 2 year because you never get the replacement part.
that reality happens with mining gear over and over and over.
why is that replacement parts and rma's are very much a fuck you blow me bitch concept for smaller miners.
I have purchased 100,000 in gear from bitmain since dec 2013 that gets me a little better service. I actually can email a guy from bitmainwarranty and get an answer.
Buy just 1 have it break and see how you get treated.
BTW 100,000 in gear in 4+ years does not get me top notch treatment.
100,000 in gear a month does. which would be 50x what I spend.