Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: miguelik on May 16, 2016, 12:52:27 PM



Title: What do you think about this plan?
Post by: miguelik on May 16, 2016, 12:52:27 PM
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?


Title: Re: what do yo think about this plan
Post by: 2c0de on May 16, 2016, 03:45:02 PM
If you get paid, maybe  ;D


Title: Re: what do yo think about this plan
Post by: Newcoins2020 on May 16, 2016, 10:35:20 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,


Title: Re: what do yo think about this plan
Post by: notlist3d on May 17, 2016, 12:12:02 AM
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.


Title: Re: What do you think about this plan?
Post by: Amph on May 17, 2016, 05:58:01 AM
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


Title: Re: What do you think about this plan?
Post by: veles7 on May 17, 2016, 06:30:48 PM
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.


Title: Re: What do you think about this plan?
Post by: Gaugh on May 19, 2016, 09:05:07 AM
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.


Title: Re: What do you think about this plan?
Post by: jerowacik on May 19, 2016, 09:08:46 AM
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.


Title: Re: What do you think about this plan?
Post by: WarrEagle on May 31, 2016, 06:11:39 PM
Yes that should work out just fine. As long as your rental includes the PSU.


Title: Re: What do you think about this plan?
Post by: Korbman on May 31, 2016, 06:34:25 PM
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?