Bitcoin Forum

Im looking for hardware to mine bitcoins, my top price is 1BTC. Any ideas?

My advise is to go with an Antminer S7 (2nd hand though since the brand new one is at 1.36 BTC on bitmain itself - excluding shipping). In case you were looking for overall expense of 1 BTCitcoin then, you should wait and purchase it after the halving since it's price has been decreasing recently and surely will decrease further more in months to come (It's the most efficient one at the moment).

Antminer S7 is the best choice, mate.

Might be a bit hard to get a S7 for 1BTC shipped, especially if he need a PSU for it too. Also it might not even be good for him, depending on his electricity rate.

In that case, wait for hardware after the halving as right now, no miner is expected to roi because of difficulty and the halving. Bitfury said they'd release their chips near the halving, but apparently many people guess that because of TSMC, the date may be as late as early fall 2016. Purely speculation, Bitfury may be at the top of TSMC's list and it may be in time, but the estimate says that we could be going into the halving with S7-style efficiency.

I live in spain by the way and customs are quite unhelpful...

If you have 1 BTC, I'd keep it and not waste it on a mining gear. Why? Because whatever mining gear you buy today will NOT break even, you will LOSE your 1 BTC. If your heart is set on wasting your btc buying a miner, send your btc to me and I will keep it for you.  ;D

then no miner it's good for him, because the s7 is currenctly the most efficient

if he can find one used, he would get out with it for 1 btc, maybe in his location to avoid shipping

hahahaa I'll think about it...  ;)

I'll look for second hand one here in spain... I'll keep you in touch

I think you are fighting a hard battle.  Most gear in EU costs more then it's worth due to vat/import tax.  So your used gear..... chances are you would pay more then it's worth.

I suggest you buy something and have it hosted somewhere, as EU tends to have high electricity prices to in a lot of cases.  Add that to the vat/import.. very hard to start profitable mining.  You might be better off buying 1 coin and hold then mining in your area.

Hosting is a good bet, there are many reliable hosters out there, and unless your elec is cheap like notlist3d just said, you would  probably be better off holding 1 btc and selling it after the halving. Trading is a great idea as well, but if you don't have experience it's not suggested as you could lose a lot of money. Wait for the Bitfury 16nm miners to come out, and snag one. You'll likely make a bit of profit as their efficiency will be enough to keep mining past the halving, unlike our overhyped s7s which will quickly become unprofitable very soon.

A bitmain s7 is the way to GO! People on this forum regularly give away 100$ off coupons for this bad boy so keep an eye out. Good luck mining

https://bitmaintech.com/productDetail.htm?pid=00020150827084021471OHYdwd9D06A0

You linked to batch one... that is not going to be what is current.  Current would be one fan model - https://bitmaintech.com/productDetail.htm?pid=000201603310959482268cfunbq106E5

But read part about being in EU.  I really think he would have a hard time, and it's not going to fit mentioned budget of under 1 BTC by any means.  EU is a hard place for miners in general (few exceptions but not many).

Maybe try your luck on OpenBazaar as they just opened you just might get lucky and find one in your area.

Thank you soi much to all of you for your help... I've been mining for a while now but i know that in Europe is quite difficult to get profit   even whis S7's...  :'(
I'll take a look for new hardware...
Thank you again

Best of luck, sadly I don't see EU changing much.  Due to vat/import it is argubly one of the hardest places to profit on mining gear from initial investment.  Miners are just to expensive over there most of time.

You are far better of buying and hosting somewhere out of EU I think.  As far as new hardware... all speculation no one can really say much on when/what we will see.  But new gear does not change EU vat/import tax sadly for EU miners.   So I still see hardware as to high to start in most cases there.

what do you mean whit buy and hosting? What do you think about investing in cloud mining?

I prefer owning equipment over cloudming.  Sadly most cloud mining are ponzi schemes, if you really want to do it go hashnest.  But still I would own hardware.

You can buy a S7 and find a good hosting center for it.  There are several that advertise on the forums.  But buy and have it shipped and hosted there vs going to EU.  Save on vat and chances are on electricity price to.

Nothing in my area....  :'( Anyways, thank you so much for your idea

Hashnest is a nice idea but, what do you think about hashflare? Doing some calculation I think that if you invest in hashflare you will get your money back in 6 months and after that 100% profit... what do you think?
And related to s7 hosting i cant find something like it in Europe and i can find a cheap used one :'(

Again EU vat/import will make it where you dont get S7's for price they should be.  It costs to much and likely you will not ROI.   Hosting would be outside of Europe for your machine and you would buy direct from bitmain.

But on cloudmining DO NOT use cheapest as indicator as many scams are out there.  Hashflare I know nothing about... but I would not trust them with my BTC.  You want one that you know will not run off with your money, that is hashnest.

Ok I'll forget about hashflare... I dont want to invest 1 BTC in cloud mining so whats the hashrate that you would recommend me?

I would recommend saving a little more and getting a S7.   Or save and see if next gen comes out by the time you save enough.  At your electricity rate you really are not going to get much with previous gen gear.  And still I suggest looking at hosting centers out of the EU.

So it makes sense to wait.  You could even buy a BTC and hold whall you wait.   So think about that, I would not jump into it though and get old gear in your case.

Some examples of hosting centers out of the EU?