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Title: Considering mining Post by: TheTerrible on May 30, 2017, 08:07:34 AM Hello
I would like to start mining, and I was considering buying BITMAIN Antminer T9. Do you think it's good investment? I'm not looking to get rich, just a montly bonus to my salery... Power cost is 0.08$ kWh in my country Any advice would be great, thank you Title: Re: Considering mining Post by: ktabb on May 30, 2017, 12:50:09 PM Hello I would like to start mining, and I was considering buying BITMAIN Antminer T9. Do you think it's good investment? I'm not looking to get rich, just a montly bonus to my salery... Power cost is 0.08$ kWh in my country Any advice would be great, thank you I was thinking about mining a while back, but I think Bitcoin itself may be a better investment than Bitcoin mining equipment. All that being said, I would wait for a correction in price to buy either. I think Bitcoin is in a bubble right now but we'll see. Title: Re: Considering mining Post by: mocacinno on May 30, 2017, 12:53:22 PM Hello T9 cost = 1,250 USD (plus S&H + customs)I would like to start mining, and I was considering buying BITMAIN Antminer T9. Do you think it's good investment? I'm not looking to get rich, just a montly bonus to my salery... Power cost is 0.08$ kWh in my country Any advice would be great, thank you T9 hashrate = 12,5 Th/s T9 power draw = 1686 Watt Your electricity rate = 8 cent/Kwu http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=12500&p=1686&pc=0.08&pf=1&d=595921917085.41600000&r=12.50000000&er=2530.11820000&hc=1250 At this moment (current diff, exhange rate and block reward), it'll take you 126 days to break even... BUT: - the diff changes every 2 weeks (usually, it goes up, but not allways) - the price BTC fluctuates - the block reward will halve in a couple of years - no "extra's" were included in the price (shipping, handling, customs fees, shelves, cooling, network, cabling,...) - bitmain is known to have "less than perfect" customer support... They have 3 months factory warrantee, and have been suspected of selling used miners, broken miners,... Or simply not honoring their very short warrantee period at all) Title: Re: Considering mining Post by: TheTerrible on June 02, 2017, 02:10:42 PM Hello T9 cost = 1,250 USD (plus S&H + customs)I would like to start mining, and I was considering buying BITMAIN Antminer T9. Do you think it's good investment? I'm not looking to get rich, just a montly bonus to my salery... Power cost is 0.08$ kWh in my country Any advice would be great, thank you T9 hashrate = 12,5 Th/s T9 power draw = 1686 Watt Your electricity rate = 8 cent/Kwu http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=12500&p=1686&pc=0.08&pf=1&d=595921917085.41600000&r=12.50000000&er=2530.11820000&hc=1250 At this moment (current diff, exhange rate and block reward), it'll take you 126 days to break even... BUT: - the diff changes every 2 weeks (usually, it goes up, but not allways) - the price BTC fluctuates - the block reward will halve in a couple of years - no "extra's" were included in the price (shipping, handling, customs fees, shelves, cooling, network, cabling,...) - bitmain is known to have "less than perfect" customer support... They have 3 months factory warrantee, and have been suspected of selling used miners, broken miners,... Or simply not honoring their very short warrantee period at all) Many thanks, oh the Wise one :) Seriously, the information that you have given me are really more than helpful. I had no idea that bitmain is having that reputation... Once again, thank you |