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No I don't have any beans, my interest in this thread was because "Sprouting Bitbean is 10X more profitable than mining", so I like several others started to calculate if it's really true and whether or not I should start getting some bitbean's instead of instead of mining.
Since you are making at least $94/day, lets just round that up to $100/day or $3000/month for comparison purposes.
So if I wanted to get into bitbean sprouting today with a goal of making $3000/month :
I would need about 5.6 million beans to sprout ~$3000 / month. 5.6 million beans would cost ~$75,600, lets just round down to $75,000 initial investment to make $3000 / month.
So the ROI would be 75000 / 3000 = 25 months to break even.
Comparing that to the Antminer L3 (since it's available to order now), lets say an L3 after shipping, customs (US), and power supply = $1900 each
you could buy 39 L3+ miners
Each L3+ is currently making about $10 / day profit (using my electric rate of $0.10 /kwh)
so 39 * $10 = $390 / day * 30 = $11,700 / month
So the ROI would be 75000 / 11700 = 6.4 months to break even
Looks like you got lucky by jumping in super early if you were able to get that many beans for cheap, but the ship has sailed for new comers...
Looking back to November when a bean was $.0021 / bean you could have gotten the 5.6 million beans for ~$12,000 so that would be a 4 month ROI.
A 4 month ROI is better than the current 6 month ROI on an L3, but it's in no way 10X more profitable than mining, unless you have a terrible mining setup. even just buying GTX 1060s at an exorbitant inflated price would give a better ROI than buying bitbeans for sprouting at this point.
All that being said, I'm not here to argue or bash bitbean sprouting... So if there's something I'm missing and there is a way for me to get into it with a better ROI than mining, let me know...
same risk with mining.... look at what happened with the D3 antminers. Investment is risk, that's why its not for the weak. Meanwhile my beans are pumping out more Beans and my mining rigs can't even compare in satoshi generation.
true that mining and investing are both risks, but I fail to see why beans are more profitable than mining.
If beans are giving a 4% per month return, then comparing that to the D3 (I have 2) :
I'm running my D3s at low speed to cut down on heat, after factoring in power consumption they are profiting around $3.15/day
$3.15 * 30 = $94.50 / month
I paid around $1700 with the power supply, so $94.50 / $1700 = 5.6% monthly return.
So a D3 is already more profitable, and this is the worst of times for mining with a D3.
Take into account that at one point the D3 was pulling in $8 / day profit and the D3 pulls even further ahead.
Maybe if you loaded up on beans a while back when they were super cheap it was worth it, but now I just don't see it...
do you have an equitable amount in Beans to compare with? I guess I'm lucky then because I did load up on beans. 94 a month? I make at least that a day.
Since you are making at least $94/day, lets just round that up to $100/day or $3000/month for comparison purposes.
So if I wanted to get into bitbean sprouting today with a goal of making $3000/month :
I would need about 5.6 million beans to sprout ~$3000 / month. 5.6 million beans would cost ~$75,600, lets just round down to $75,000 initial investment to make $3000 / month.
So the ROI would be 75000 / 3000 = 25 months to break even.
Comparing that to the Antminer L3 (since it's available to order now), lets say an L3 after shipping, customs (US), and power supply = $1900 each
you could buy 39 L3+ miners
Each L3+ is currently making about $10 / day profit (using my electric rate of $0.10 /kwh)
so 39 * $10 = $390 / day * 30 = $11,700 / month
So the ROI would be 75000 / 11700 = 6.4 months to break even
Looks like you got lucky by jumping in super early if you were able to get that many beans for cheap, but the ship has sailed for new comers...
Looking back to November when a bean was $.0021 / bean you could have gotten the 5.6 million beans for ~$12,000 so that would be a 4 month ROI.
A 4 month ROI is better than the current 6 month ROI on an L3, but it's in no way 10X more profitable than mining, unless you have a terrible mining setup. even just buying GTX 1060s at an exorbitant inflated price would give a better ROI than buying bitbeans for sprouting at this point.
All that being said, I'm not here to argue or bash bitbean sprouting... So if there's something I'm missing and there is a way for me to get into it with a better ROI than mining, let me know...
and stuck with the bag if the price falls
same risk with mining.... look at what happened with the D3 antminers. Investment is risk, that's why its not for the weak. Meanwhile my beans are pumping out more Beans and my mining rigs can't even compare in satoshi generation.
true that mining and investing are both risks, but I fail to see why beans are more profitable than mining.
If beans are giving a 4% per month return, then comparing that to the D3 (I have 2) :
I'm running my D3s at low speed to cut down on heat, after factoring in power consumption they are profiting around $3.15/day
$3.15 * 30 = $94.50 / month
I paid around $1700 with the power supply, so $94.50 / $1700 = 5.6% monthly return.
So a D3 is already more profitable, and this is the worst of times for mining with a D3.
Take into account that at one point the D3 was pulling in $8 / day profit and the D3 pulls even further ahead.
Maybe if you loaded up on beans a while back when they were super cheap it was worth it, but now I just don't see it...
do you have an equitable amount in Beans to compare with? I guess I'm lucky then because I did load up on beans. 94 a month? I make at least that a day.
How much are the Antminers Worth when you hit ROI? You still got your initial invested beans as comparison to the Antminers. But there is no guarantee that the beans won't fall in price and the profit from the miners may change, up or down. It is very hard to know Before what is going to be most profitable and very easy afterwards and say what have been most profitable.
I have no beans and no antminers either. But just wanted to say it is not easy to do these kind of calculations. Maybe you can do a compromise, buy some miners and buy some staking coins and invest some of the mining profits into staking coins. Spread your risks. Maybe one of the alternatives is going to be much better than the other but you can't say for sure which one is going to be best in future.
