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1  Bitcoin / Mining speculation / Avalon 741 Profitability Seems Impossible on: December 26, 2017, 01:12:28 PM
Did some mining calculations in MyCryptoBuddy and it doesn't seem like either one unit or 20 units combined for 146 TH/S can make money. 20 units will generate 2.5 coins and at current price would cost around 32,000.

It shows one unit would lose about 125 dollars in one year at 1400 price per Avalon and 15,000 BTC.

Do you miners just assume price will double to take these risks? What am I missing?

Is it a bulk situation where you have to pair hundreds of them up to profit? Ty

If BTC went to 50k per coin then sure, but was there a time previously when margins were not so "gamblish"? This seems like a shot in the dark w this Hash Rate.

But I'm desperate to try mining! Roll Eyes

I get that prices of Bitcoin should go up, however, what am I missing cuz these units sell out instantly?
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