The S7 itself doesn't seem to be a bad miner - it is the "no bloody way to achieve RoI on it under current conditions for pretty much anyone" PRICING that is the bad part.
Topic: Is it worth mining? - page 2. (Read 3222 times)
Not right now, thats the only place where you can get home miners at the moment from a manufacturer. There's tons of resellers selling overpriced stuff but i can't recommend that. Your best bet is the marketplace here, buy used from another user.
So if you only want to buy "new" there's Bitmain at the moment with the S7 which is not super stellar imo.
OK Thanks for the advice, I would like to check the marketplace if I could get some great stuff there.
But even if S7 is not that great at the moment, as a miner there is a possibility to profit
if you know the right place, time, and equipment you might need to keep on track with your bitcoin.
thanks in advance
Thats too expensive now, try to buy them for under 300$, especially if they're not local as you will have to pay shipping and maybe border fees.
You are probably right, well that's the only site I know where to buy quality mining Rig if you have other sites that you might know please share it here so he could choose if not the cheapest maybe near to his country so he could decide thanks
Not right now, thats the only place where you can get home miners at the moment from a manufacturer. There's tons of resellers selling overpriced stuff but i can't recommend that. Your best bet is the marketplace here, buy used from another user.
So if you only want to buy "new" there's Bitmain at the moment with the S7 which is not super stellar imo.
In a "free" electric situation, the only reason to worry about efficiency is to be able to maximise your hashrate - but if you don't have a lot of cash available to buy miners with, buying older lower-efficiency miners might make sence as they tend to COST less per GH, 'till you start getting close to the limit on your free electric supply.
Thats too expensive now, try to buy them for under 300$, especially if they're not local as you will have to pay shipping and maybe border fees.
You are probably right, well that's the only site I know where to buy quality mining Rig if you have other sites that you might know please share it here so he could choose if not the cheapest maybe near to his country so he could decide thanks
I suggest using AntMiner S5 with the price of $370, but currently Discontinued Shipping if not available in your country
then I suggest to go to this site https://www.bitmaintech.com/product.htm to see what miner is still available, but you know other
sites that has available miner then stick to your trusted one.
Happy Mining
then I suggest to go to this site https://www.bitmaintech.com/product.htm to see what miner is still available, but you know other
sites that has available miner then stick to your trusted one.
Happy Mining
Thats too expensive now, try to buy them for under 300$, especially if they're not local as you will have to pay shipping and maybe border fees.
I just don't see how you can not roi in four years with free electricity.
If the miner dies before it achieves RoI.
Well we're talking about mining in general, if i think about my situation, i very much doubt my 6 gpu and my 10 outdated miners will all break. If half break, i'll still ROI. But i guess it could happen.
The only way i see it happen unless you're actually the most unlucky guy on the planet is some catastrophe befalling your place. Like a fire or a mega surge after a lightning strike. In which case i believe the surge protector guarantee might cover it(?) and in case of a fire or such sinistre, there's insurance for that.
But i guess its not 100% guaranteed.
Hey guys.
I am currently living in a place where I will get free power for the next 4 years. With the price of miners at the moment should I buy a miner and start mining? If so will it be profitable?
If so what type of miner should I buy?
Thanks
I am currently living in a place where I will get free power for the next 4 years. With the price of miners at the moment should I buy a miner and start mining? If so will it be profitable?
If so what type of miner should I buy?
Thanks
According to me NO. I will suggest to not buy nothing and to leave away your dream to mining. It is an work that have doubt profit. With the price of hardware which needed to mine (which is to high) and with the difficulty which can be increased like it want your profit will be always in query.
With "free" electricity you don't need the newest most efficient gear. For example S7 if free electricity... you dont really care about the efficiency to a point more the power.
But used miner market there are some good miners going for decent rates. For example S3's depending on price and if OP has PSU's or needs to buy I think you would be suprised on ROI on used gear.
New gear is for those with high electricity prices really. It allows them to mine. And it is still possible to ROI just takes certain variables to happen.
If you have to ask. Most likely no.
You need a good plan. A large amount of funds to buy in bulk for cheaper rates and cheap power.
You need a good plan. A large amount of funds to buy in bulk for cheaper rates and cheap power.
Hey guys.
I am currently living in a place where I will get free power for the next 4 years. With the price of miners at the moment should I buy a miner and start mining? If so will it be profitable?
If so what type of miner should I buy?
Thanks
I am currently living in a place where I will get free power for the next 4 years. With the price of miners at the moment should I buy a miner and start mining? If so will it be profitable?
If so what type of miner should I buy?
Thanks
with free power for the next 4 years i think that you can go for mining, ROI will take you some time ofc, but in teh end i think is still profitable, the free power for the next 4 years is a huge advantage for mining. definitelly i will go for it if i was under your situation.
Another one point is if you have money to build your mining rig, but thats another question
s7 do not doubt, 4.86th looks pretty good for me.
Hey guys.
I am currently living in a place where I will get free power for the next 4 years. With the price of miners at the moment should I buy a miner and start mining? If so will it be profitable?
If so what type of miner should I buy?
Thanks
I am currently living in a place where I will get free power for the next 4 years. With the price of miners at the moment should I buy a miner and start mining? If so will it be profitable?
If so what type of miner should I buy?
Thanks
According to me NO. I will suggest to not buy nothing and to leave away your dream to mining. It is an work that have doubt profit. With the price of hardware which needed to mine (which is to high) and with the difficulty which can be increased like it want your profit will be always in query.
I just don't see how you can not roi in four years with free electricity.
If the miner dies before it achieves RoI.
The only miners Bitmain are currently selling are the 2 different S7 batches, and POSSIBLY a few leftover U3s.
S5's were sold out months ago, even the "used" ones.
I suspect they will introduce a "S7+" model at some point, possibly fairly soon, to try to compete with the Spondoolies SP50 - the engineering for a "S7+" has already been done, just a matter of building them.
S5's were sold out months ago, even the "used" ones.
I suspect they will introduce a "S7+" model at some point, possibly fairly soon, to try to compete with the Spondoolies SP50 - the engineering for a "S7+" has already been done, just a matter of building them.
I suggest using AntMiner S5 with the price of $370, but currently Discontinued Shipping if not available in your country
then I suggest to go to this site https://www.bitmaintech.com/product.htm to see what miner is still available, but you know other
sites that has available miner then stick to your trusted one.
Happy Mining
then I suggest to go to this site https://www.bitmaintech.com/product.htm to see what miner is still available, but you know other
sites that has available miner then stick to your trusted one.
Happy Mining
Even if you have free electricity ROI is hard to reach if you spend money for miners
In 4 years with free electricity, one still may not make their money back? I'm personally not a miner, and I understand it's too late in the game for the general population to get involved... but that sounds ridiculous. With free electricity, OP still shouldn't expect to turn a profit?
It is actually possible to not reach ROI even with free electricity.
I'm fairly certain any method used 4 years ago couldn't even get a single share in a pool or solve a block alone right now.
However, unless you buy a really outdated miner or difficulty goes up incredibly fast, people should be able to ROI in about 6 months (very rough estimate).
Well if you buy S5's for 1.5k USD a piece, then i guess its possible, but unless you do a terrible investment, i'm pretty sure you can ROI any current miner and old gen decent miners like S1/2/3/4/5 SP's and Avalon.
I think you mean S7's. But the argument there is efficiency that it could mine twice as long as lets say S5 on same electricity remaining profitable. It in most cases will be more then 6 months. 3 and even 6 months are pretty much done unless "free" electricity and old gear like S3 which have gotten very cheap considering you still get a good miner.
But long term S7 (as long as you dont have crazy VAT, or high electricity) should ROI if difficulty does not go crazy. Some ROI might include selling the machine to get that ROI. But likely with mining and selling I see most who did the math before hand ROI. Like I said if you have 25 percent vat or .15+ electricity then yes most likely you lose. (And were getting close to winter so I'm sure some will say a little loss is for heating rooms but that highly varies)
No i mean S5s. Since what i'm replying to is someone saying it can be possible to NOT roi in FOUR(4) YEARS with free electricity, you'd have to do a majorly bad investment in which miner you pick and which price you take them at to NOT roi in 4 years.
I just don't see how you can not roi in four years with free electricity.
the chances of profit with free eletro is very high, as a miner u gotta be crazy not to do it. u just gotta be smart and not buy miners when the mining arms race is happening. let the dust settle. unfortunaly its happen right now. so dont rush, study up first, practice with some low budget gear just to get a feel for what happens. and then strike hard when u think its a good time.
I agree with the "outdated hardware" strategy. A lot of slower ASICs to stack up hash power. Your operational costs will be small, but initial capital matters.
Remember:
1) The facility needs to have the electrical infrastructure to handle potentially high load. i.e. a 15 amp breaker can only handle so much
2) Waste heat - be able to vent (or use) the waste heat. I was running four Antminer S4s and they heated 1200 sq feet in northern NY through the winter...it can be a bonus or a huge pain in the ass.
Remember:
1) The facility needs to have the electrical infrastructure to handle potentially high load. i.e. a 15 amp breaker can only handle so much
2) Waste heat - be able to vent (or use) the waste heat. I was running four Antminer S4s and they heated 1200 sq feet in northern NY through the winter...it can be a bonus or a huge pain in the ass.
Haven't been digging it but know that you can also merge mine Bitcoin with other coins, Namecoin being the most well-known, maybe it can help with the ROI.
Even if you have free electricity ROI is hard to reach if you spend money for miners
In 4 years with free electricity, one still may not make their money back? I'm personally not a miner, and I understand it's too late in the game for the general population to get involved... but that sounds ridiculous. With free electricity, OP still shouldn't expect to turn a profit?
It is actually possible to not reach ROI even with free electricity.
I'm fairly certain any method used 4 years ago couldn't even get a single share in a pool or solve a block alone right now.
However, unless you buy a really outdated miner or difficulty goes up incredibly fast, people should be able to ROI in about 6 months (very rough estimate).
Well if you buy S5's for 1.5k USD a piece, then i guess its possible, but unless you do a terrible investment, i'm pretty sure you can ROI any current miner and old gen decent miners like S1/2/3/4/5 SP's and Avalon.
I think you mean S7's. But the argument there is efficiency that it could mine twice as long as lets say S5 on same electricity remaining profitable. It in most cases will be more then 6 months. 3 and even 6 months are pretty much done unless "free" electricity and old gear like S3 which have gotten very cheap considering you still get a good miner.
But long term S7 (as long as you dont have crazy VAT, or high electricity) should ROI if difficulty does not go crazy. Some ROI might include selling the machine to get that ROI. But likely with mining and selling I see most who did the math before hand ROI. Like I said if you have 25 percent vat or .15+ electricity then yes most likely you lose. (And were getting close to winter so I'm sure some will say a little loss is for heating rooms but that highly varies)
Even if you have free electricity ROI is hard to reach if you spend money for miners
In 4 years with free electricity, one still may not make their money back? I'm personally not a miner, and I understand it's too late in the game for the general population to get involved... but that sounds ridiculous. With free electricity, OP still shouldn't expect to turn a profit?
It is actually possible to not reach ROI even with free electricity.
I'm fairly certain any method used 4 years ago couldn't even get a single share in a pool or solve a block alone right now.
However, unless you buy a really outdated miner or difficulty goes up incredibly fast, people should be able to ROI in about 6 months (very rough estimate).
Well if you buy S5's for 1.5k USD a piece, then i guess its possible, but unless you do a terrible investment, i'm pretty sure you can ROI any current miner and old gen decent miners like S1/2/3/4/5 SP's and Avalon.
Even if you have free electricity ROI is hard to reach if you spend money for miners
In 4 years with free electricity, one still may not make their money back? I'm personally not a miner, and I understand it's too late in the game for the general population to get involved... but that sounds ridiculous. With free electricity, OP still shouldn't expect to turn a profit?
It is actually possible to not reach ROI even with free electricity.
I'm fairly certain any method used 4 years ago couldn't even get a single share in a pool or solve a block alone right now.
However, unless you buy a really outdated miner or difficulty goes up incredibly fast, people should be able to ROI in about 6 months (very rough estimate).
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