Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: jeppe on March 25, 2014, 12:23:22 PM



Title: Still worth it to buy antminer s1
Post by: jeppe on March 25, 2014, 12:23:22 PM
Hi,
As The titel is it still worth it to invest in antminer s1?? I already have a few. After,calculating the break even point at 70 days with 7 days delivery to uk. With a profit of 0.4 in 220 days? 43% profit is still okay good or not?? This is with free power!!! (Used bitcoinwisdom for calculations)  what other minerstatus are better investments?
Thanks,
Jt


Title: Re: Still worth it to buy antminer s1
Post by: bitterdog on March 25, 2014, 12:41:43 PM
mine with it for 60 days then sell it.


Title: Re: Still worth it to buy antminer s1
Post by: philipma1957 on March 25, 2014, 01:11:33 PM
mine with it for 60 days then sell it.


this.


 BTW my fifth one comes today.  I can't go beyond 5 or 6 due to heat issues which will arise in june.


Title: Re: Still worth it to buy antminer s1
Post by: CoinToTheMax on March 25, 2014, 04:29:50 PM
mine with it for 60 days then sell it.

why is it 60 days ?


Title: Re: Still worth it to buy antminer s1
Post by: jeppe on March 25, 2014, 05:59:45 PM
I have been thinking about the 60 days and Then sell Them on ebay, but are there other miners that are better investments?


Title: Re: Still worth it to buy antminer s1
Post by: jeppe on March 25, 2014, 06:24:01 PM
Okay just ordrer one more!!


Title: Re: Still worth it to buy antminer s1
Post by: Somekindabitcoin on March 25, 2014, 07:10:41 PM
Then you can sell it for the same price as this guy:

http://www.ebay.com/itm/Bitmain-Antminer-S1-180GH-s-200GH-s-Bitcoin-ASIC-Miner-/321337393357?pt=LH_DefaultDomain_0&hash=item4ad13380cd

And still make profit.


Title: Re: Still worth it to buy antminer s1
Post by: jeppe on March 25, 2014, 07:24:47 PM
Then you can sell it for the same price as this guy:

http://www.ebay.com/itm/Bitmain-Antminer-S1-180GH-s-200GH-s-Bitcoin-ASIC-Miner-/321337393357?pt=LH_DefaultDomain_0&hash=item4ad13380cd

And still make profit.

WHO buys these for soo much?....


Title: Re: Still worth it to buy antminer s1
Post by: pbj sammich on March 25, 2014, 08:47:17 PM
Then you can sell it for the same price as this guy:

http://www.ebay.com/itm/Bitmain-Antminer-S1-180GH-s-200GH-s-Bitcoin-ASIC-Miner-/321337393357?pt=LH_DefaultDomain_0&hash=item4ad13380cd

And still make profit.

WHO buys these for soo much?....

It's Ebay, nothing to be surprised about there  ;)


Title: Re: Still worth it to buy antminer s1
Post by: bitterdog on March 26, 2014, 02:55:36 AM
mine with it for 60 days then sell it.

why is it 60 days ?

60 days will probably net you about .75btc from mining . eBay you will probably net $600 after shipping and fees

So the miner costs you $550 in btc you make $50 profit there and you still have .75 btc =$400

$450 profit ROUGHLY without breaking out a calculator.





Phil is better with the actual numbers then I am.


Title: Re: Still worth it to buy antminer s1
Post by: ChuckBuck on March 26, 2014, 03:31:09 AM
Then you can sell it for the same price as this guy:

http://www.ebay.com/itm/Bitmain-Antminer-S1-180GH-s-200GH-s-Bitcoin-ASIC-Miner-/321337393357?pt=LH_DefaultDomain_0&hash=item4ad13380cd

And still make profit.

WHO buys these for soo much?....

It's Ebay, nothing to be surprised about there  ;)


Holy Hell, I gotta try this in like a month! ???

That is some redonkulous ish right there.  For that price it better scratch my back!


Title: Re: Still worth it to buy antminer s1
Post by: Littleshop on March 26, 2014, 03:32:01 AM
mine with it for 60 days then sell it.

why is it 60 days ?

60 days will probably net you about .75btc from mining . eBay you will probably net $600 after shipping and fees

So the miner costs you $550 in btc you make $50 profit there and you still have .75 btc =$400

$450 profit ROUGHLY without breaking out a calculator.


Phil is better with the actual numbers then I am.

After 60 days it will not go for $600 though you might get $450.  Then take $50 in ebay fees.  

You still you could make $250.  But I doubt you will make $450.