Would you buy an Antminer S1 for $375?

the joint

legendary

Activity: 1834

Merit: 1020

Quote from: Profetu on April 15, 2014, 08:54:01 AM

BTC price is irrelevant to ROI IMO. You basically pay ~0.75 BTC, and this machine will produce 0.75 in a few months.

Really? BTC price is crucial to my decision to purchase a miner or not. If you can't profit in BTC it doesn't mean you can't profit in fiat. If I know with almost absolute certainty that I can profit in either btc or fiat, ill buy a miner; if I can't profit in terms of either, I pass.

In terms of BTC, my block erupters were disastrous purchases. But, I ended up with a ~700% fiat profit. All I had to do was immediately repurchase the BTC used to purchase the erupters.

tzortz

hero member

Activity: 728

Merit: 500

Quote from: ChuckBuck on April 15, 2014, 08:46:26 AM

Absolutely, a very good price for one.

Mining doesn't get any easier than an Antminer S1. Great entry level miner, and even though won't generate alot of BTC daily nowadays, you can mine some Alt SHA-256 coins(Check Coinwarz first) and trade them on Cryptsy back to BTC.

Fun stuff!

BTC is only viable solution.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Sector7G on April 15, 2014, 04:15:31 PM

Thank you for your feedback. The Antminer has been ordered.

enjoy it and there are a lot of support threads for it.

Sector7G

newbie

Activity: 23

Merit: 0

Thank you for your feedback. The Antminer has been ordered.

gagalady

legendary

Activity: 938

Merit: 1000

I would, price is good, go for it.

xingqiaoyin

sr. member

Activity: 395

Merit: 250

Yes would do that especially if this is your first exposure to btc. Call us bias 80%of us here are bullish on btc. But if it even cross your mind to buy btc but hesitated then mining is the way to go, you wont simply end up with just a balance to look at.

Profetu

full member

Activity: 204

Merit: 100

BTC price is irrelevant to ROI IMO. You basically pay ~0.75 BTC, and this machine will produce 0.75 in a few months.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Absolutely, a very good price for one.

Mining doesn't get any easier than an Antminer S1. Great entry level miner, and even though won't generate alot of BTC daily nowadays, you can mine some Alt SHA-256 coins(Check Coinwarz first) and trade them on Cryptsy back to BTC.

Fun stuff!

Icardi09

sr. member

Activity: 476

Merit: 250

sure, why not. price is so cheap, buy now and start mining
i think you will ROI in 2-3 months, even faster if BTC price goes up like now

Lamber

member

Activity: 75

Merit: 10

You should do that, very good price.

Unacceptable

legendary

Activity: 2212

Merit: 1001

Yeah man

Just get a 600 watt CX600,$64 on newegg with promo code Grin

They are SO easy to setup too Cool

Sector7G

newbie

Activity: 23

Merit: 0

Hi,

I have an Amazon gift card to spend. I could pick up an Antminer for $375. I realize I would also need a power supply. Probably another hundred if I get a good one that could power two units. Do you think that is a good buy with the current market, difficulty, and other factors?

I've been using a USB miner (2 Gh) for a while just to learn and get comfortable with managing a wallet. I am thinking about stepping up.

Topic: Would you buy an Antminer S1 for $375? (Read 822 times)