Bitcoin Forum

Bitcoin => Mining support => Topic started by: djmulder on July 30, 2016, 04:55:59 PM



Title: Newbie questions regarding the Antminer S2
Post by: djmulder on July 30, 2016, 04:55:59 PM
Hi there,

I'm pretty new to bitcoin mining and I manage to find a "good" price on the antminer s2. I'm curious on if it's still worth it, considering it's humongous power usage I'm having my doubts.

Am I overthinking things perhaps?

Could you guys direct me in the proper direction?

Kind regards,



DJM


Title: Re: Newbie questions regarding the Antminer S2
Post by: unholycactus on July 30, 2016, 07:10:44 PM
With an S2 it's pretty simple.
Unless you have free or close to free (under 4cents/kWh), it won't be worth it.
Have you thought about shipping prices too?


Title: Re: Newbie questions regarding the Antminer S2
Post by: djmulder on July 30, 2016, 07:54:10 PM
well I get it for 70 euroes and no shipping..

but yeh power seems too expensive


Title: Re: Newbie questions regarding the Antminer S2
Post by: QuintLeo on July 30, 2016, 08:50:12 PM
As inefficent as the S2 is, your electric needs to be FREE for it to be profitable at all - and that's going to be a very small profit for a lot of electric used.


Title: Re: Newbie questions regarding the Antminer S2
Post by: djmulder on July 31, 2016, 09:03:41 AM
well that answered my questions ^.^ thanks for the information I'll keep looking for another deal :)