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Topic: Is it to late to buy ANTMINER and start for a beginner ? - page 2. (Read 2234 times)
Hello guys, I'm new to bitcoin mining, i have been cloud mining from 6 month but i wonder why i don't start mining with my own ANTminer or mining Asic and i buy start mining, but the problem is it too late? , like am scared to buy some asic that goes 1325 GH/s i know it do nothing but for the futur, but the problem is it worth it right now? , also i want to ask about there is any chance bitcoin price will get back too 1000 $ per 1BTC? and sorry about my english thank u. 
Where are you cloud mining at? As far as future we an guess, speculate, but we don't know when things will happen with new miners.
A lot has to do with your electricity. What do you pay for electriity? Also do you live where there is a vat?
Also, even if all the requirements align in your favor, do not expect to get "rich" by mining on a small scale. Everybody has a definition of "rich", so if you are happy with a few USD per month in operating profit, then you are good to go.
In 99.99% of the cases no. If you do happen to have free electricity, need a heater, and are okay with noise, then yes it MIGHT return a profit. If Bitcoin doesn't keep falling.
I think it's too risky, there are high possibilty you won't reach ROI if you do mining. as bitcoin price keep failing everyday, and chance bitcoin price to get back too $1000 is very little. Another thing is bitcoin difficulty keep increasing, make mining condition is not good.
Stay with your cloud mining if you feel satisfied with them, and be sure you check it for ponzi possibility
Cloud mining can also be risky, there were several providers that turned out to be ponzi schemes. Both cloud mining and mining at home have certain advantages against the other. If op doesn't have to pay much for electricity mining at home could be much more profitable for him. Stay with your cloud mining if you feel satisfied with them, and be sure you check it for ponzi possibility
I think most of cloud mining operate ponzi scheme, that's why they sold GHS contract cheaper than real mining price.
Hard to get cheaper electricity
Hello guys, I'm new to bitcoin mining, i have been cloud mining from 6 month but i wonder why i don't start mining with my own ANTminer or mining Asic and i buy start mining, but the problem is it too late? , like am scared to buy some asic that goes 1325 GH/s i know it do nothing but for the futur, but the problem is it worth it right now? , also i want to ask about there is any chance bitcoin price will get back too 1000 $ per 1BTC? and sorry about my english thank u.
your question does not provide us the information we need to answer you.
A) your power cost
B) your internet cost
C) what country do you live in
D) do you own a good power supply
E) do you not mind a very loud antminer s-5
F) would you put in 20 dollars in mods to make it less noisy?
I think it's too risky, there are high possibilty you won't reach ROI if you do mining. as bitcoin price keep failing everyday, and chance bitcoin price to get back too $1000 is very little. Another thing is bitcoin difficulty keep increasing, make mining condition is not good.
Stay with your cloud mining if you feel satisfied with them, and be sure you check it for ponzi possibility
Cloud mining can also be risky, there were several providers that turned out to be ponzi schemes. Both cloud mining and mining at home have certain advantages against the other. If op doesn't have to pay much for electricity mining at home could be much more profitable for him. Stay with your cloud mining if you feel satisfied with them, and be sure you check it for ponzi possibility
I think it's too risky, there are high possibilty you won't reach ROI if you do mining. as bitcoin price keep failing everyday, and chance bitcoin price to get back too $1000 is very little. Another thing is bitcoin difficulty keep increasing, make mining condition is not good.
Stay with your cloud mining if you feel satisfied with them, and be sure you check it for ponzi possibility
Stay with your cloud mining if you feel satisfied with them, and be sure you check it for ponzi possibility
It's not late to buy an antminer given that they're the most efficient miners out there at the moment. S5 is the most efficient one with 0.51 watts per Gh/s depending on how cheap your electricity is other antminers could also be profitable for you.
And seeing that you ask if bitcoin could be $1k again, you shouldn't be betting on that. There's no way to know if it ever will, your goal with mining should be to prevent short-term losses so you can minimise the risk of having to shut down your miners due to losing money. You'll be paying a certain amount of your earning back to electricity anyway so your machine could theoretically end up generating debt. Luckily bitcoin dificulty has been relatively stable from February.
Here's a website that you'll find useful.
https://bitcoinwisdom.com/bitcoin/difficulty
https://bitcoinwisdom.com/bitcoin/calculator
And seeing that you ask if bitcoin could be $1k again, you shouldn't be betting on that. There's no way to know if it ever will, your goal with mining should be to prevent short-term losses so you can minimise the risk of having to shut down your miners due to losing money. You'll be paying a certain amount of your earning back to electricity anyway so your machine could theoretically end up generating debt. Luckily bitcoin dificulty has been relatively stable from February.
Here's a website that you'll find useful.
https://bitcoinwisdom.com/bitcoin/difficulty
https://bitcoinwisdom.com/bitcoin/calculator
if you have cheap electricity go with it, but compared to cloud it won't change too much, and the risk is always there(maybe not about being scammed, but about receiving a units that is defective because the courier is an incompetent or something)
if you are doing good with cloud and your cloud is secure(not a ponzi or a scammer) i would suggest to stay with your cloud
if you are doing good with cloud and your cloud is secure(not a ponzi or a scammer) i would suggest to stay with your cloud
Hello guys, I'm new to bitcoin mining, i have been cloud mining from 6 month but i wonder why i don't start mining with my own ANTminer or mining Asic and i buy start mining, but the problem is it too late? , like am scared to buy some asic that goes 1325 GH/s i know it do nothing but for the futur, but the problem is it worth it right now? , also i want to ask about there is any chance bitcoin price will get back too 1000 $ per 1BTC? and sorry about my english thank u.
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