To answer some of your questions in more details.
I bought three S9 miners on hashnest for usd price around $1800-$1500 per unit, during different time frames. Jan, Feb, and May of this year. The btc transfers were also done during favorable to stable times, I traded the btc for machines when btc was at the higher values for those time frames. I also got the fast deployment advantage head start.
They are hosting my miners and they itemize everything., None of that scammy genesis mining crap where you control ur hashrate with a slider bar. I pay 0.15 cent's for electric rate in california, so i decided that hosting it is not a bad idea due to higher electric rates I have at home.
The Stats don't lie. Total initial cost in btc is stated at 3.78 btc for all three s9 purchases. Payout total is 3.21 btc. Maintenance/electric cost 0.8 btc. Maintence/payout is 15.39 percent.
Based off of these stats I still have not recovered my ROI in btc yet. At times I wish I should have just kept my initial 3.78 btc in purchases b/c I would have more btc's compared to mining it. If they mine it for another 2 more years and I can go a little bit over my initial btc purchase I would be happy. But it has to be last least 1 extra btc from my initial btc purchase to make it worth the risk of china shutting it down, hashnest going down, etc.
Now back to my point. Your better off buying btc compared to mining it, Why give someone 1 btc and they give you back 0.75 btc after a year.
?? Get my Point?
yes I do you simply use accounting that could put you in prison since you are USA based.
Not only that you own 3 machines that are about 40th in hash which sell for 2.6btc
so if you spent 3.78 and were paid back 3.21 - 15%
it nets to
(3.21 -.4815) = 2.7285 net return
3.78000 out lay
2.72850 paid back
1.05150 is the amount you have not got back
since the 40 th you have mining as I type would sell at 2.6152 btc minus a small sell fee
I would say they are at 2.6 btc
so
2.60000 btc
1.05150 btc
1.5485 btc profit
I always wonder about posters like you.
do you really think you lost out and are at negative btc?
do you understand that usa account laws would not give a shit about your btc concept?
now cash wise lets pretend the value of the btc you put in was 3000 a coin
3000 x 3.78 = 11340 cash in
if you held all coins you have 2.7285
and the gear sells for 2.6000
that is 5.3285 at 6k a coin 31,971 usd
31,971
11,340
20,631 profit
So you made money if you do fiat
you made btc if you do btc
so I ask again do you think you are a loser on your investment?
in btc or in fiat?
Give me 1 btc and I'll give you back 0.75 btc next month when the value is up. Wanna do the trade? Thought so bro, nobody would make that trade.
Since I never Realized the profits yet or cashed out to fiat it's not real cash. Bitcoin can still crash. Point being is that mining Bitcoin is risky and not lucrative like you noobs think it is
You will end up with less Bitcoin compared to what you started out with. Btc mining is highly competitive now. I was able to ROI my litecoin a little over a month in both ltc or usd and that was a smarter move.
Let's break it down to something simple. If your a gold miner but need to buy equipment that cost 1 bullion bar and they only take gold as payment. After the gold rush ended you end up mining less 0.75 bullion bars but value for gold increase. Why the hell were you mining in the first place. You would have made more doing nothing, just hodling that gold bar.
You should never run an operation relaying on just speculation of value increase that may or may not happen. Only go into business if it can output more gold than what you started out with.