Author

Topic: Still worth it to buy antminer s1 (Read 1902 times)

legendary
Activity: 1386
Merit: 1003
March 25, 2014, 11:32:01 PM
#12
mine with it for 60 days then sell it.

why is it 60 days ?

60 days will probably net you about .75btc from mining . eBay you will probably net $600 after shipping and fees

So the miner costs you $550 in btc you make $50 profit there and you still have .75 btc =$400

$450 profit ROUGHLY without breaking out a calculator.


Phil is better with the actual numbers then I am.

After 60 days it will not go for $600 though you might get $450.  Then take $50 in ebay fees.  

You still you could make $250.  But I doubt you will make $450.  
hero member
Activity: 1372
Merit: 783
better everyday ♥
March 25, 2014, 11:31:09 PM
#11


Holy Hell, I gotta try this in like a month! Huh

That is some redonkulous ish right there.  For that price it better scratch my back!
hero member
Activity: 728
Merit: 503
dApps Development Automation Platform
March 25, 2014, 10:55:36 PM
#10
mine with it for 60 days then sell it.

why is it 60 days ?

60 days will probably net you about .75btc from mining . eBay you will probably net $600 after shipping and fees

So the miner costs you $550 in btc you make $50 profit there and you still have .75 btc =$400

$450 profit ROUGHLY without breaking out a calculator.





Phil is better with the actual numbers then I am.
sr. member
Activity: 272
Merit: 250
Fighting Liquid with Liquid
sr. member
Activity: 434
Merit: 251
hero member
Activity: 518
Merit: 500
sr. member
Activity: 434
Merit: 251
March 25, 2014, 02:24:01 PM
#6
Okay just ordrer one more!!
sr. member
Activity: 434
Merit: 251
March 25, 2014, 01:59:45 PM
#5
I have been thinking about the 60 days and Then sell Them on ebay, but are there other miners that are better investments?
newbie
Activity: 25
Merit: 0
March 25, 2014, 12:29:50 PM
#4
mine with it for 60 days then sell it.

why is it 60 days ?
legendary
Activity: 4116
Merit: 7849
'The right to privacy matters'
March 25, 2014, 09:11:33 AM
#3
mine with it for 60 days then sell it.


this.


 BTW my fifth one comes today.  I can't go beyond 5 or 6 due to heat issues which will arise in june.
hero member
Activity: 728
Merit: 503
dApps Development Automation Platform
March 25, 2014, 08:41:43 AM
#2
mine with it for 60 days then sell it.
sr. member
Activity: 434
Merit: 251
March 25, 2014, 08:23:22 AM
#1
Hi,
As The titel is it still worth it to invest in antminer s1?? I already have a few. After,calculating the break even point at 70 days with 7 days delivery to uk. With a profit of 0.4 in 220 days? 43% profit is still okay good or not?? This is with free power!!! (Used bitcoinwisdom for calculations)  what other minerstatus are better investments?
Thanks,
Jt
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