Is it to late to buy ANTMINER and start for a beginner ?

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: philipma1957 on May 09, 2015, 03:58:10 PM

Quote from: crazyivan on May 09, 2015, 03:03:21 PM

1 miner? Yes, it is too late, it ll bring you next to nothing. Go cloud or go PoS. I like Hashnest and DMD Diamond coin.

why must you write in absolute terms?

I completely agree on absolute terms. There are people who say "Mining is dead". They assume since they cannot mine no one can. It just is not true.

Everyone is such a different situation there is no one size fit's all on mining. But people with cheap electricity will continue to prosper in my opinio.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: crazyivan on May 09, 2015, 03:03:21 PM

1 miner? Yes, it is too late, it ll bring you next to nothing. Go cloud or go PoS. I like Hashnest and DMD Diamond coin.

why must you write in absolute terms?

3x s-3 right now = 240 + 100 for a server psu.

340 usd . set three for 1200 gh and 950 watts

you have your money back in 175 days after 1 year you make 305 usd

now if you had a psu on hand you have you money back in 114 days. after 1 year you make 405 usd

the above is true if your power is 2.4 cents a kwatt

if you are free power you did 3 s-3s for 240 your money is back in 85 days and you make about 655 in 1year.

Now most of us do not have cheap power like 0 cents or 2.4 cents a kwatt. but some do.

At least say if your power is under 6 or 7 or 8 cents you have a chance

If you power is 5 or 4 or 3 cents a kwatt or better free you almost certainly will earn money.

Once you get over 10 cents making money is hard.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

1 miner? Yes, it is too late, it ll bring you next to nothing. Go cloud or go PoS. I like Hashnest and DMD Diamond coin.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Xialla on May 08, 2015, 10:27:14 AM

is to late for everything related to home mining, imho even if you had free electricity.) you know, now is amazing time to buy and HODL:)

It depends on how "low electricity" they have. I have seen some very lucky people who have very very low electricity. Some are able to buy S3's and turn a profit in a matter of months, and have.

It is not to late, but much harder and tighter margins.

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

is to late for everything related to home mining, imho even if you had free electricity.) you know, now is amazing time to buy and HODL:)

mrhelpful

legendary

Activity: 1456

Merit: 1002

Quote from: notlist3d on May 05, 2015, 10:48:46 PM

Quote from: philipma1957 on May 05, 2015, 10:29:03 PM

op no longer replies to the thread.
and he never gave us price of his power.

most likely he was a troll.

I am starting to get sad at amount of troll posts. I enjoy sharing mining information with someone new, but the amount of trolls seems to be up.

Its fine, as long you tried to help someone out, is what it counts for!

Keep helping regardless, cause that helps out the community overall

More friendly faces, the better since most people think bitcoin seems to be a scam and what not.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: philipma1957 on May 05, 2015, 10:29:03 PM

op no longer replies to the thread.
and he never gave us price of his power.

most likely he was a troll.

I am starting to get sad at amount of troll posts. I enjoy sharing mining information with someone new, but the amount of trolls seems to be up.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

op no longer replies to the thread.
and he never gave us price of his power.

most likely he was a troll.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: scott btc on May 05, 2015, 07:38:16 PM

It is better to just buy a super asic at this stage ?

There is no such thing as a "super asic". They are different chips that are asic chips, but i don't think super has been used.

scott btc

sr. member

Activity: 356

Merit: 250

It is better to just buy a super asic at this stage ?

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Xialla on May 04, 2015, 03:40:32 PM

yes it is too late. instead of any mining gear just buy btc, print them to paper wallet, put to some safe space and send me thank you PM in couple of years.)

It all depends on your electricity price. It is a game with tighter margins, and no longer 3 month ROI. It can still be done yes.

But cheap electricity is a must.

trendax

full member

Activity: 124

Merit: 100

It's never too late to start anything Wink

If you're a fan of computing and like to play with new toys I implore you to buy an Antminer. The small form factor is great for home mining and if you consider an S5 it should yield well, I get somewhere around 0.01 per day per S5 before expenses. Also home mining is typically more about having fun learning the industry. For example most home miners will buy, mine and sell equipment on frequent basis. The more you do it the better you'll get at it and with that the more profit you'll learn to make. Best of luck.

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

yes it is too late. instead of any mining gear just buy btc, print them to paper wallet, put to some safe space and send me thank you PM in couple of years.)

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: notlist3d on May 04, 2015, 02:30:01 PM

Quote from: Amph on May 04, 2015, 02:21:44 PM

Quote from: notlist3d on May 04, 2015, 01:57:51 PM

Quote from: Amph on May 04, 2015, 01:29:37 PM

Quote from: nwfella on May 04, 2015, 01:20:22 PM

Truth is it's really never 'too late' to buy a miner...the more pressing question is will I be able to earn back what I put into it?

A: highly unlikely unless you manage to find some used units "on the cheap"

to be honest is all about the price and electricity, with very cheap electricity, if the price remain the same, which will result in the diff also remaining the same, than i think it's feasible

if someone had started this year it could have already reached roi practically, the more you wait the more it is bad...

It is very feasible with low electricity to ROI on old gear even. A popular one is S3's. They are built like tanks.

They last for a very long if you get a good used price you can make a profit with low electricity prices.

too bad my electricity isn't good enough, otherwise i would have for sure bought one, because i love mining like everyone else here

i've always dreamed about mining bitcoin directly, my last time with it was with a 7950 long time ago

Can I ask what price is your electricity? It definitely sadly can keep people out of the mining game.

It's been a long time since the GPU days. I personally miss them. Building rigs was a lot of fun. I parted mine all out long ago.

it's abysmally high, around 0.28 usd, i live in the euro zone(italy) so is about 0.25 euro cent

last time i mined with a gpu(just a single one used for gaming at first) was when diff was around 7M i still remember it clearly

actually long roi isn't that important, but your reward per day should be obviously above your electricity, otherwise it's pointless

if with the next antminer generation(not s6 or s7, we need something with 16nm) we can achieve a good hashrate/wattage ratio, something along the line of 1 tera with 100w or like that

i might start to think about returning to mine bitcoin directly

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Amph on May 04, 2015, 02:21:44 PM

Quote from: notlist3d on May 04, 2015, 01:57:51 PM

Quote from: Amph on May 04, 2015, 01:29:37 PM

Quote from: nwfella on May 04, 2015, 01:20:22 PM

Truth is it's really never 'too late' to buy a miner...the more pressing question is will I be able to earn back what I put into it?

A: highly unlikely unless you manage to find some used units "on the cheap"

to be honest is all about the price and electricity, with very cheap electricity, if the price remain the same, which will result in the diff also remaining the same, than i think it's feasible

if someone had started this year it could have already reached roi practically, the more you wait the more it is bad...

It is very feasible with low electricity to ROI on old gear even. A popular one is S3's. They are built like tanks.

They last for a very long if you get a good used price you can make a profit with low electricity prices.

too bad my electricity isn't good enough, otherwise i would have for sure bought one, because i love mining like everyone else here

i've always dreamed about mining bitcoin directly, my last time with it was with a 7950 long time ago

Can I ask what price is your electricity? It definitely sadly can keep people out of the mining game.

It's been a long time since the GPU days. I personally miss them. Building rigs was a lot of fun. I parted mine all out long ago.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: notlist3d on May 04, 2015, 01:57:51 PM

Quote from: Amph on May 04, 2015, 01:29:37 PM

Quote from: nwfella on May 04, 2015, 01:20:22 PM

Truth is it's really never 'too late' to buy a miner...the more pressing question is will I be able to earn back what I put into it?

A: highly unlikely unless you manage to find some used units "on the cheap"

to be honest is all about the price and electricity, with very cheap electricity, if the price remain the same, which will result in the diff also remaining the same, than i think it's feasible

if someone had started this year it could have already reached roi practically, the more you wait the more it is bad...

It is very feasible with low electricity to ROI on old gear even. A popular one is S3's. They are built like tanks.

They last for a very long if you get a good used price you can make a profit with low electricity prices.

too bad my electricity isn't good enough, otherwise i would have for sure bought one, because i love mining like everyone else here

i've always dreamed about mining bitcoin directly, my last time with it was with a 7950 long time ago

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Amph on May 04, 2015, 01:29:37 PM

Quote from: nwfella on May 04, 2015, 01:20:22 PM

Truth is it's really never 'too late' to buy a miner...the more pressing question is will I be able to earn back what I put into it?

A: highly unlikely unless you manage to find some used units "on the cheap"

to be honest is all about the price and electricity, with very cheap electricity, if the price remain the same, which will result in the diff also remaining the same, than i think it's feasible

if someone had started this year it could have already reached roi practically, the more you wait the more it is bad...

It is very feasible with low electricity to ROI on old gear even. A popular one is S3's. They are built like tanks.

They last for a very long if you get a good used price you can make a profit with low electricity prices.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: nwfella on May 04, 2015, 01:20:22 PM

Truth is it's really never 'too late' to buy a miner...the more pressing question is will I be able to earn back what I put into it?

A: highly unlikely unless you manage to find some used units "on the cheap"

to be honest is all about the price and electricity, with very cheap electricity, if the price remain the same, which will result in the diff also remaining the same, than i think it's feasible

if someone had started this year it could have already reached roi practically, the more you wait the more it is bad...

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Truth is it's really never 'too late' to buy a miner...the more pressing question is will I be able to earn back what I put into it?

A: highly unlikely unless you manage to find some used units "on the cheap"

redhunter

newbie

Activity: 25

Merit: 0

I just started at the beginning of the year. As others have indicated you have to look at electricity costs. Assuming you can have income after electricity costs, then you have to evaluate your ROI. Speaking of ROI or Return On Investment, it is generally confused with payback period on this Board. ROI is not how quick you will recover your initial cost, but rather your rate of return on your invested capital expressed as a %. Its formula is simply income / invested capital. If you bought a used S3 for $100 and your income (revenue less costs) for the year is $50 then your ROI is 50%. Payback is how long into the future will your income exceed your initial investment. Using my same numbers, if your income is $50 each year, then you have a payback period of 2 years.

Given the risk and uncertainty of mining you'll want to make sure you have a high ROI and a short payback period—certainly less than the 2 years in my example. That being said, I'll still keep mining as long as I don't lose money—I just enjoy the learning about crypto currency and having a small part to play in hopefully establishing this form of exchange as a currency preferred over fiat currency.

Topic: Is it to late to buy ANTMINER and start for a beginner ? (Read 2234 times)