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cryptoinna (OP)
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June 22, 2017, 10:18:11 AM
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ASIC Miners consume huge electricity,so to run this device you will spend a lot on electricity and cooling. If to calculate total expenditure is it profitable anyway? 
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June 22, 2017, 10:25:29 AM
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Quote from: cryptoinna on June 22, 2017, 10:18:11 AM
ASIC Miners consume huge electricity,so to run this device you will spend a lot on electricity and cooling. If to calculate total expenditure is it profitable anyway?  

Depends mostly (but not only) on your electricity rate... If you have an S9 and pay 2-3 cents/Kwu, you can easily break even. If you have an S1 and you pay 30 cents/Kwu you're losing money for every second you're mining...
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satoshforever
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June 22, 2017, 10:59:40 AM
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People get interested in mining because it seems free but if you want to hold BTC or other coins, it's best to just buy them with cash. Miners tend to have close to free electricity
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June 22, 2017, 11:03:16 AM
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Buy miners earn profits should be at least three months in advance.

Now, you will lose if you still buy Mining machine to be a Miner
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June 23, 2017, 12:41:10 AM
 #5
Quote from: btceuropen on June 22, 2017, 11:03:16 AM
Buy miners earn profits should be at least three months in advance.

Now, you will lose if you still buy Mining machine to be a Miner
That is with all due respect, horseshit. you can at any time start mining and earn profit, do you always ROI after a few weeks or 2-3 months? of course you'll need to hold your Bitcoins and sell when price increases.
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June 23, 2017, 05:36:34 AM
 #6
Quote from: satoshforever on June 22, 2017, 10:59:40 AM
People get interested in mining because it seems free but if you want to hold BTC or other coins, it's best to just buy them with cash. Miners tend to have close to free electricity

you can still earn good without having very cheap electricity, just take any calculator and you will see that the roi time is not that bad now with this value of bitcoin

with the possibility of bitcoin increase even more the profit will remain high for a long time, the diff won't catch it soon enough
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June 23, 2017, 02:46:59 PM
 #7
Quote from: cryptoinna on June 22, 2017, 10:18:11 AM
ASIC Miners consume huge electricity,so to run this device you will spend a lot on electricity and cooling. If to calculate total expenditure is it profitable anyway? 

here you have a really good point of start.
set data properly to understand how many days will pass until you will do ROI.
then you can decide what to do.
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