Good or bad offer? | Bitcointalksearch.org

FP91G

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Quote from: Skinny48 on October 13, 2021, 08:05:25 AM

Quote from: FP91G on October 13, 2021, 07:41:37 AM

Quote from: Williamm07 on October 13, 2021, 03:23:24 AM

Is buying a ASIC miner L3+ for 1200$ a good buy? I have friend in China that wants to sell 21 pieces of this ASIC miner right now but the price? Power draw is 800watt and it's scrypt algorithm based (litecoin) likes, the hashing power is 504MH

Profit, excluding electricity costs, is now $ 5 per day.
The payback of 240 days for a used ASIC is not a very good indicator of payback and there are risks of equipment breakdowns and additional expenses for repairs.
But the plus of these ASICs is that they are easily repaired.
I would only take it if you have very cheap electricity.

Better if OP buy graphic card and earn almost exact same profits per day with way less power draw, this will bring back return of investment faster than buying an ASIC miner and even the risk of breaking before ROI will be slimmer, to be GPUs are more rugged than ASIC miners

ASIC pays off faster than video cards. An important point is the cost of electricity. If you can consume 50-100 kilowatts per hour or more, then of course it's faster to start mining on ASICs. If you have a limit of electricity consumption of 5-10 kilowatts per hour, then it is better to buy video cards than several ASICs.

WeedGoW

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Mining right now is quite hard for a decent ROI as well if you buying someone's used mining rigs, there could be a risk of it will break down since it's used. The price of ASIC miner L3+ for 1200$ also seen high. While buying new costs too much and will take longer for ROI. So yeah, if you have the money to spare, invest in the coin directly. If you still want to earn passive income while holding coin, find the one with staking and in the top CMC.

Synerggy

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Quote from: Williamm07 on October 13, 2021, 03:23:24 AM

Is buying a ASIC miner L3+ for 1200$ a good buy? I have friend in China that wants to sell 21 pieces of this ASIC miner right now but the price? Power draw is 800watt and it's scrypt algorithm based (litecoin) likes, the hashing power is 504MH

Find GPUs at the rate of 550 to 600$ each, buy two of the GPUs and start making money through ETH mining, I bet you can't use up to 300watt per hour to get 6$ per day, 800watt is ridiculous unless you have free electricity in your country

Skinny48

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Quote from: FP91G on October 13, 2021, 07:41:37 AM

Quote from: Williamm07 on October 13, 2021, 03:23:24 AM

Is buying a ASIC miner L3+ for 1200$ a good buy? I have friend in China that wants to sell 21 pieces of this ASIC miner right now but the price? Power draw is 800watt and it's scrypt algorithm based (litecoin) likes, the hashing power is 504MH

Profit, excluding electricity costs, is now $ 5 per day.
The payback of 240 days for a used ASIC is not a very good indicator of payback and there are risks of equipment breakdowns and additional expenses for repairs.
But the plus of these ASICs is that they are easily repaired.
I would only take it if you have very cheap electricity.

Better if OP buy graphic card and earn almost exact same profits per day with way less power draw, this will bring back return of investment faster than buying an ASIC miner and even the risk of breaking before ROI will be slimmer, to be GPUs are more rugged than ASIC miners

FP91G

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Activity: 1834

Merit: 1131

Quote from: Williamm07 on October 13, 2021, 03:23:24 AM

Is buying a ASIC miner L3+ for 1200$ a good buy? I have friend in China that wants to sell 21 pieces of this ASIC miner right now but the price? Power draw is 800watt and it's scrypt algorithm based (litecoin) likes, the hashing power is 504MH

Profit, excluding electricity costs, is now $ 5 per day.
The payback of 240 days for a used ASIC is not a very good indicator of payback and there are risks of equipment breakdowns and additional expenses for repairs.
But the plus of these ASICs is that they are easily repaired.
I would only take it if you have very cheap electricity.

Gorosden

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$CYBERCASH METAVERSE

Quote from: batsonxl on October 13, 2021, 06:22:54 AM

1200$ = you can buy 7.058LTC today
L3+ = 0.0365LTC dayly X30 = 1.09LTC montly not calculating electricity.
For me it is expensive. Better buy coin and try chances. Buying gear or buying coin they both have risks. I prefer buy gears in bear market when people begged buy this L3 for 120-150$

i was stupid i bought only one.

Wait what? You bought a ASIC miner L3+ for 150$? That's almost impossible to believe me, damn this is why building rigs in bear market is way better than anything, imagine buying rx580 at 70$ each I could remember this very well in 2019

batsonxl

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1200$ = you can buy 7.058LTC today
L3+ = 0.0365LTC dayly X30 = 1.09LTC montly not calculating electricity.
For me it is expensive. Better buy coin and try chances. Buying gear or buying coin they both have risks. I prefer buy gears in bear market when people begged buy this L3 for 120-150$

i was stupid i bought only one.

swogerino

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Quote from: Williamm07 on October 13, 2021, 03:23:24 AM

Is buying a ASIC miner L3+ for 1200$ a good buy? I have friend in China that wants to sell 21 pieces of this ASIC miner right now but the price? Power draw is 800watt and it's scrypt algorithm based (litecoin) likes, the hashing power is 504MH

Check its profitability first at Nicehash or Whattomine.If you have cheap electricity less than 0.07 USD it may be well worth in the long run.Right now one such device with the current network difficulty can do about 250 USD profit if you have like 0.07 USD Kwatt electricity cost,it takes six months to break even.If you can accept this risk then it is a good offer,if you can't then it is not a good offer.

Williamm07

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Is buying a ASIC miner L3+ for 1200$ a good buy? I have friend in China that wants to sell 21 pieces of this ASIC miner right now but the price? Power draw is 800watt and it's scrypt algorithm based (litecoin) likes, the hashing power is 504MH

Topic: Good or bad offer? (Read 123 times)