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Title: Just wondering what's your expected payback period under this situation? Post by: Stella19 on August 05, 2022, 03:12:35 AM I remember about two years ago, when the payback period is about 200 days, lots of miner said that is too long. But now, one year seems ok for most people. So what's your expected payback period under this situation? ::) Works for Canaan and welcome to visit us shop.canaan.io. Title: Re: Just wondering what's your expected payback period under this situation? Post by: a1 Hashrate LLC2022 on August 05, 2022, 03:24:59 AM a good question. hard to answer. I would say a lot depends on what you already own.
Ie I own 5gh in gpus paid off I own 1ph in btc gear paid off I own 20gh in l7's paid off. my power is cheap all of above makes about 200 usd a day in profit. If I mine 15 days I can buy a 3000 dollar unit of gear say an avalon 1246 it will only make 9 a day minus 4 in power = 5 a day profit. that means 600 day payoff if I look at it alone. but I earn the 3000 to get it over the last 15 days. So if I buy 1 a month that takes 3000 and leaves 3000 cash. a year later I have 12 90th units added to the mine. I have 3600 cash. even with terrible 600 day payoff for the 3000 dollar 90th avalon a1246 Title: Re: Just wondering what's your expected payback period under this situation? Post by: Stella19 on August 05, 2022, 09:44:22 AM a good question. hard to answer. I would say a lot depends on what you already own. Ie I own 5gh in gpus paid off I own 1ph in btc gear paid off I own 20gh in l7's paid off. my power is cheap all of above makes about 200 usd a day in profit. If I mine 15 days I can buy a 3000 dollar unit of gear say an avalon 1246 it will only make 9 a day minus 4 in power = 5 a day profit. that means 600 day payoff if I look at it alone. but I earn the 3000 to get it over the last 15 days. So if I buy 1 a month that takes 3000 and leaves 3000 cash. a year later I have 12 90th units added to the mine. I have 3600 cash. even with terrible 600 day payoff for the 3000 dollar 90th avalon a1246 Yes, your right, Sir. Sometimes, some potential miners used the calculator of mining pool, such as f2pool or btc.com, and they said to us, oh,no, the payback period is nearly 2 years, so give up mining. :'( Title: Re: Just wondering what's your expected payback period under this situation? Post by: n0nce on August 06, 2022, 12:04:01 AM [...] Keep in mind those 12 miners might also multiply their resale value to a price higher than what you paid for them new - as the Bitcoin price moves up and the gear gets more expensive.So if I buy 1 a month that takes 3000 and leaves 3000 cash. a year later I have 12 90th units added to the mine. I have 3600 cash. even with terrible 600 day payoff for the 3000 dollar 90th avalon a1246 I remember just a few short months ago top of the line miners going for $10k+ USD from third party sellers, which are now available directly from the original manufacturers for less than half of that. I'd be interested to know whether companies like Canaan increased their prices during that period as well or if the units were simply sweeped up by scalpers and resold with 100% profit. Title: Re: Just wondering what's your expected payback period under this situation? Post by: NotATether on August 06, 2022, 12:39:15 AM I'd be interested to know whether companies like Canaan increased their prices during that period as well or if the units were simply sweeped up by scalpers and resold with 100% profit. It would be particularly difficult for management to keep adjusting the price at every bull & bear season so what is most likely happening is the wild, unpredictable prices of the scalpers are taking place here. Title: Re: Just wondering what's your expected payback period under this situation? Post by: philipma1957 on August 06, 2022, 02:30:26 AM [...] Keep in mind those 12 miners might also multiply their resale value to a price higher than what you paid for them new - as the Bitcoin price moves up and the gear gets more expensive.So if I buy 1 a month that takes 3000 and leaves 3000 cash. a year later I have 12 90th units added to the mine. I have 3600 cash. even with terrible 600 day payoff for the 3000 dollar 90th avalon a1246 I remember just a few short months ago top of the line miners going for $10k+ USD from third party sellers, which are now available directly from the original manufacturers for less than half of that. I'd be interested to know whether companies like Canaan increased their prices during that period as well or if the units were simply sweeped up by scalpers and resold with 100% profit. its a bit of both. most asic builders adjust upwards somewhat. when profits are high and for that matter adjust down wards somewhat. when profits are low we will be adding gear on pace of maybe 1 or 2 units per month. we are loaded with gpus need more btc gear and more ltc/doge gear. I have had good luck with a1066 a1166 a1246 all six are working since we got them two of each. Title: Re: Just wondering what's your expected payback period under this situation? Post by: SFR10 on August 06, 2022, 07:50:44 AM I'd be interested to know whether companies like Canaan increased their prices during that period as well or if the units were simply sweeped up by scalpers and resold with 100% profit. Had no luck in finding the price of A1246 variants on their launch dates to see if they increased their prices in that period, but back in "May of this year (http://web.archive.org/web/20220516080304/https://shop.canaan.io/)", they were being sold at almost 2x of the current prices:e.g.
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