So, in the past 6-12 months all i've been hearing about mining is that unless you invest 1000's of dollars there's no way in hell you're going profit.
I've always liked the idea of mining so in the past couple of weeks i've decided to do some real research.
The s7 seems to be the just the sweetspot for my current capital and starting out, and if it goes will i'll really invest.
I mean you don't really want to spend all money in one go and it later turns out you've missed something.
After filling in the proper statistics it's saying i will go profit in only just over half a year, while still only spending a bit over 600$!
https://tradeblock.com/bitcoin/mining/a/tQStUZj6Q2HF9SSeGkNYVhttp://www.ebay.com/itm/Brand-New-Zero-Mining-Hours-Bitmain-Antminer-S7-bitcoin-miner-BTC-4-7TH-5TH-/262746901856?_ul=SESo, these statistics suggest the complete opposite to everything i've seen so far (even though i only put 5% in the monthly bitcoin value increase)
I live in a pretty big house, so noise is not a problem.
Electricity costs are decently cheap.
I live in sweden where it's generally pretty cold. It doesn't really get any warmer than maybe 20-22 degrees inside & 25 outside and with again, a pretty big house from the research i've done i don't think it will be a problem.
So my question is:
Am i golden? have i missed some vital piece of information, will heat be a problem? will difficulty rise (too much) or bitcoin value fall? ect.
I don't want to spend 600$ before getting confirmation from someone with experience that it has a chance of working out.
Thanks in beforehand to whoever answers!
PS, sorry, i imagine this forum gets about 10 of these post a day :I
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