I have FREE electricity. Im thinking to start with 2 Antminer S9

TDutch

member

Activity: 104

Merit: 10

The Dutch Crypto Trader

Quote from: Eric Mu on November 26, 2016, 06:12:03 AM

The S9 is not the sturdy workhorse that S7 was. Be prepared that one of them break down during the first few months. And are you prepared for the noise?

That is exactly what I am afraid off. That it breaks down before break even. Or after, that is worse too. I stick to trading I guess.

Eric Mu

sr. member

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The S9 is not the sturdy workhorse that S7 was. Be prepared that one of them break down during the first few months. And are you prepared for the noise?

michkima

hero member

Activity: 896

Merit: 514

Quote from: RogerRabbit on November 26, 2016, 04:57:29 AM

Quote from: vincku on November 23, 2016, 04:33:12 PM

No one has free electricity.
If you think you have free electricity, check your contract. There is always a fair-use statement.
A S9 can easily reach 10$ a day, so for 2, that is 600$ a month. It can be easily spotted on an energy bill.
With the noise they make, they can easily be found in a building.

They are connecting electricity cable in "stealth" mode to the network. So here the contract is not needed Grin

But need to hide this connection really good in case of Inspector's visit.

You're probably right, the electricity he is using for free is not actually free. It's either stolen or someone else is paying for it (technically can also be called as stolen). This would really make this profitable, although it would be risky on his part. Well, the law on risk demands that the higher the risk the higher the potential return. The risk involved here is getting convicted for stealing electricity.

RogerRabbit

newbie

Activity: 20

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Quote from: vincku on November 23, 2016, 04:33:12 PM

No one has free electricity.
If you think you have free electricity, check your contract. There is always a fair-use statement.
A S9 can easily reach 10$ a day, so for 2, that is 600$ a month. It can be easily spotted on an energy bill.
With the noise they make, they can easily be found in a building.

They are connecting electricity cable in "stealth" mode to the network. So here the contract is not needed Grin

But need to hide this connection really good in case of Inspector's visit.

dEjAvU97

full member

Activity: 187

Merit: 100

Quote from: Seven77 on November 18, 2016, 06:05:04 PM

Hello there

As I said on the title, I have FREE electricity and Im thinking to invest for 2 Antminer S9 = 4000USD.

Will this investement gonna be profitable?

Should I start?

Thanks

Your investment is very profitable. Electricity is main factors for maintenance cost, if you can get for free electricity not more 8 months you investment to buy 2 Antminer S9.

TDutch

member

Activity: 104

Merit: 10

The Dutch Crypto Trader

Quote from: Seven77 on November 18, 2016, 06:05:04 PM

Hello there

As I said on the title, I have FREE electricity and Im thinking to invest for 2 Antminer S9 = 4000USD.

Will this investement gonna be profitable?

Should I start?

Thanks

Use this simple calculator: https://alloscomp.com/bitcoin/calculator approx $577.20 a month

vincku

newbie

Activity: 19

Merit: 0

No one has free electricity.
If you think you have free electricity, check your contract. There is always a fair-use statement.
A S9 can easily reach 10$ a day, so for 2, that is 600$ a month. It can be easily spotted on an energy bill.
With the noise they make, they can easily be found in a building.

shield132

hero member

Activity: 2254

Merit: 870

Still with thia difficulty and with this antminer s9 it's possible to have good roi, maybe you will achive ROI 140% and that's good. In 8-9 month your investedmoney will be back but also remember that if you aren't a free person or don't have someone to care your antminers than it don't worth because it needs good cooling system, sometimes antminer has problems and also it's very noisy but bitmain has antminer R4 for home mining which is less noisy.

ncsupanda

legendary

Activity: 1628

Merit: 1012

Quote from: takagari on November 20, 2016, 12:59:13 PM

Likely an apartment or some such?
I'd not want to live with those lol

This brings up an important point (or points).

Heat and Noise.

takagari

legendary

Activity: 1050

Merit: 1000

Likely an apartment or some such?
I'd not want to live with those lol

michkima

hero member

Activity: 896

Merit: 514

Where on earth are you living and you have free electricity. (Maybe stolen, like pluggin into another person's socket?)

Well, removing one of the main expenses of mining will make your mining much much more profitable than paying for your own electricity.

leowonderful

legendary

Activity: 1624

Merit: 1129

Bitcoin FTW!

It'll take around 290 days to make tour money back if difficulty holds, which it probably won't . Not a bad investment, but make sure you take good care of the miners and don't break them.

Skarner21

hero member

Activity: 700

Merit: 500

Massive price drop coming...

You can try calculate here the earnings of 2 antminer since its 14/ths so the total is 28/ths and i think you can make nearly 1 btc per month. and it takes 8 months to cover your capital buying the hardware.. and you have 4 months before a year to make a profit..

Nam3

full member

Activity: 173

Merit: 100

Aren't you asking the exact same question here

ncsupanda

legendary

Activity: 1628

Merit: 1012

You can easily google a Bitcoin profit calculator. I suggest you do so and weigh the risks.

Are you certain you can run the hardware 24/7 until you've reached ROI?

It would likely be more advantageous (profitable) to simply buy $4,000 worth of BTC.

Seven77

newbie

Activity: 1

Merit: 0

Hello there

As I said on the title, I have FREE electricity and Im thinking to invest for 2 Antminer S9 = 4000USD.

Will this investement gonna be profitable?

Should I start?

Thanks

Topic: I have FREE electricity. Im thinking to start with 2 Antminer S9 (Read 1667 times)