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Title: My first investment Post by: posotikh on January 22, 2017, 12:00:10 PM Hello, I have been reading about bitcoin the last two years. I liked the idea of investing there but the electricity cost was quite high..
Now, things have changed and my electriciry cost is 0.065 euro / KWh. According to my calculations it is a "value buy" investment. What I want is a second opinion because all of my profit research is done on online calculators. In other words, with 0.065 euro / KWh do you think mining is a good idea? Thanx Title: Re: My first investment Post by: unholycactus on January 22, 2017, 05:53:17 PM It's not really good, I don't think it's profitable.
You probably forgot to account that the network difficulty raises over time. It might be profitable with the current difficulty, but it won't be in a few months and you won't be able to reach ROI before then. Title: Re: My first investment Post by: freemanjackal on January 22, 2017, 07:10:07 PM months may gone by before you find a block or more than a year, that can be reduced if you joined a minig pool, there are a lot of things that you have to take into account before getting into this adventure and not just the electricity cost...
Title: Re: My first investment Post by: Amph on January 23, 2017, 08:05:43 AM it might work, you are spending 60-70 euro on electricity per month with a single antminer s9 and producing 240 euro per month
net will be around 190 euro, even assuming the diff increase of 10% per month, which follow the value anyway, you are still in profit from today to one year Title: Re: My first investment Post by: coolcoinz on January 23, 2017, 11:49:15 PM I think it's not a good idea.
Amph said that you'll be getting €190 with an s9, but think of some details first. The cost of a miner is $2100 + shipping. You might also have to pay tax (VAT) if you're importing it from outside the EU. To get the money back you'll have to wait almost a year and constantly supply the miner with power and a stable internet connection. If the miner disconnects or shuts down while you're sleeping, are at work or drinking with friends, you lose money. You will need to deal with noise and keep it cool. You'll also need to consider a constant draw of 1350W from the outlet. This may seem like nothing much, but you should check if your home isn't powered from a single phase, because many apartments have a single 16A-20A outlet breaker, so a miner will take half of it. Also, if the miner gets damaged by something like a surge, you won't get your money back. |