What do you think about this plan? | Bitcointalksearch.org

Korbman

legendary

Activity: 1064

Merit: 1001

Quote from: miguelik on May 16, 2016, 08:52:27 AM

I have the opportunnity to rent an antminer s7 for 200€ forma three mmonths. Given that I dont pay for electricity; Would it be profitable?

Flat out, yes that is profitable assuming 200 Euro (~$225) is a one time cost for 3 months of operation (even accounting for extreme difficulty increases), and also assuming it comes with a PSU (or you have one on hand to handle ~1500 watts).

However, you may state that you don't pay for electricity, but I imagine someone else does. Think they'd notice their monthly electric bill increasing by about 1,000 kWh?

WarrEagle

hero member

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Merit: 501

Yes that should work out just fine. As long as your rental includes the PSU.

jerowacik

legendary

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Merit: 1000

yes it is profitable. as long as you do not pay for electricity, then you will only spend money to buy a single device. you will benefit greatly.

Gaugh

full member

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You might make more money mining in a pool like kano.is to increase your chances of making profit now that the halving is at hand.

veles7

hero member

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Quote from: miguelik on May 16, 2016, 08:52:27 AM

I have the opportunnity to rent an antminer s7 for 200€ forma three mmonths. Given that I dont pay for electricity; Would it be profitable?

But you must be careful where you are going to take to rent. Many scams on the Internet.

Amph

legendary

Activity: 3248

Merit: 1070

yes it would, because one of those give you 0.36 btc per month, so 1.08 btc in 3 months

and one btc is equal to $454, so it's easy to see that you would gain more than 250

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Newcoins2020 on May 16, 2016, 06:35:20 PM

That's 165.4 USD per month.
@ https://bitcoinwisdom.com/bitcoin/difficulty

168.25
@ http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4730.00&p=1300.00&pc=0.10&pf=0.00&d=194254820283.44400000&r=25.00000000&er=458.00000000&hc=0.00

With the difficulty increase you would be safe. to make a decent profit, if you miner mines 24/7

P.S. Don't forget the cost of a PSU,

PSU normally hold value decent if you get a decent one. If you get the bitmain PSU chances are you will be able to use it again or sell it if S9 changes. But I'm hoping S9 keeps same PSU.

Also is the 200 euro something you pay per month? Or we talking 1 time payment. Big difference between the two.

Newcoins2020

sr. member

Activity: 406

Merit: 250

That's 165.4 USD per month.
@ https://bitcoinwisdom.com/bitcoin/difficulty

168.25
@ http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4730.00&p=1300.00&pc=0.10&pf=0.00&d=194254820283.44400000&r=25.00000000&er=458.00000000&hc=0.00

With the difficulty increase you would be safe. to make a decent profit, if you miner mines 24/7

P.S. Don't forget the cost of a PSU,

2c0de

full member

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If you get paid, maybe Grin

miguelik

full member

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Merit: 118

I have the opportunnity to rent an antminer s7 for 200€ forma three mmonths. Given that I dont pay for electricity; Would it be profitable?

Topic: What do you think about this plan? (Read 1071 times)