Topic: Is it to late to buy an S7? - page 2. (Read 2599 times)
Honestly, regardless of electricity, If I had the funds for an S7 (excluding shipping), I would go out and purchase one since it's on the cheap at the moment, and you get to get back what you spend just in right time before the halving. An S7 gives you $186 on monthly basis (assuming with current difficulty only) and not $300 as you were asking. It's price is $575 on bitmain (one fan) at the moment and if you were lucky enough to get your hands on one of the discount coupons , you can get it for $100 less so the ROI is even sooner with less $100 on it's price tag.
no one is only making 0.42 per month minus electricty, 300 is a dream at present, but with cheap electricity is still profitable
the good thing is that one s7 now is very cheap compared to the early stages
the good thing is that one s7 now is very cheap compared to the early stages
Does S7 have the least energy consumption rate of all the calculators?
Not sure if I filled out the calculator right, but it doesn't look good.
Date Difficulty Revenue Profit Return
2016 -8080
4-7 – 4-12 (6 days) 166 G 12.27 12.02 -8068
4-13 – 4-25 (19 days) 200 G 10.24 10.04 -8058
4-26 – 5-8 (32 days) 240 G -0.2808 -0.2752 -8058
Date Difficulty Revenue Profit Return
2016 -8080
4-7 – 4-12 (6 days) 166 G 12.27 12.02 -8068
4-13 – 4-25 (19 days) 200 G 10.24 10.04 -8058
4-26 – 5-8 (32 days) 240 G -0.2808 -0.2752 -8058
Do S7s still make $300ish per month? I can order one now. When do the new versions come out? If it's 3 months it should be worth it.
The simple answer is no they don't.
Code:
The expected generation output, at 4.7 thps, given difficulty of 166,851,513,282.777191162109,
is 0.014166252261 BTC per day and 0.000590260511 BTC per hour.
Given this rate it will take you 10 weeks, 0 days, 14 hours, 10 minutes, and 1 second to make 1.0 BTC
So your looking at close to 8 weeks to make 300 now and that's before the reward halving. This is before electric and the cost of the S7 itself which as others have pointed out is a huge factor in determining if you will make anything. Even with free electric your looking at 30 weeks before making a dime.
The ROI is higly dependent on your electricity costs, difficulty and the price too, mining equipment is always going to be a risky investment. With that said running a profitability calcuator, as suggested already, might be the best thing you can do to see what the possible outcomes could be. But be sure to check for multiple scenarios such as big difficulty increases and lower BTC price.
Do S7s still make $300ish per month? I can order one now. When do the new versions come out? If it's 3 months it should be worth it.
You will need to run a ROI with a calculator and your electricity price. Electricity price is huge. https://bitcoinwisdom.com/bitcoin/calculator
But on next bitmain product... they are quiet no one can say. It's highly speculation at this point. No leaks or anything like some in past. So no one can tell you if you get 3 months before a new product or not from them.
Do S7s still make $300ish per month? I can order one now. When do the new versions come out? If it's 3 months it should be worth it.
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