I think that will depend on the price that S7 will be after new technology kick in.
Its true that is very expensive, and the ROI takes months to get the money back.
But is worst case scenario , if the new technology kicks in in the next 6 months and the S7 drops price near the S5, and even that the profits drop to 50% actual earnings (90usd a month) in 5 months would be payed. and then start wining some juice (with free power).
Getting big profits only is possible if you have the wallet to buy the latest gen ASIC when he gets out (if the racio is any good) pay it in the next 2 3 months and then let it drain as much as possible. Then sell it to starter miners

I have made some research on Hosting centers and the profit is not enough.
One i have researched asks for 300$ for 1000GH/s that at this moment in bitcoins will give in a month 280$.....

Where do you get those prices from!?? In the EU an s3 used costs something like 300usd!!!

Lutzov: I ser the point of course. Profits trend to get lower. And comprensive about that.
I start to understand that, this is a question of strategy, balancing with care the costs and winnings.

I could have a way of getting "free power" at least for 2 S7. more than that wold be tricky. But even that, in 6Months i would get only 2000. that is not even half of the investment. at 1.200USD plus PSU.
probably i should wait for the halving. and see what to expect. The halving is expected in 156 days. Until there....

In your POV with your know how, what should i do to get in now and get some part in return?
whats your best advice?. (if there is any point in getting in now).

Even hosting in a "remote place where electricity is cheap" would be a penny deal.
Since you would have always the price of the building, electricity, maintenance etc.
I do not know the percentages of the pool yet, but in paper the acquisition of an S7 is the best option and will bring you more return.

With the actual price of BTC, and if it kept in the 100USD profit, in 12 months should be payed.

Whell... So i wasn´t very far from what i expected

I this context i think i agree with VirosaGITS.

It seams that this business is more useful on the winter when you are cold and can have some BIG ASS ANTMINER to keep the room worm (while using some thing to cover your ear holes and ignore the noise), an use 40 to 50% to pay the electricity.
In my point of view, the investment on new equipment right out of production line, and pay the Bonus for being the new technology, may be an advantage, when you are the first one.

But for people like me and Virosa and others, we just need a piece of the cake. And that piece, cost us a lot. Because great companies are fighting for the mining at all costs. Maybe when S7 went out, they payed him in 5 months or 6, and the rest was profit, now they will buy a better one with more TH/s and will pay them in another 5 6 months, and we are now on E*b*a*y buying they scrap.   

I just wanna make some pocket changes , since BETFAIR was banned on this piece of  Sh** of country.....

hi there.

Im from Portugal, and im very new to this eco system.
I started investigating Bitcoin Mining a few weeks ago, and i think i need some help
As far i can see, the only (best) way of having some view able return is with an "antminer/avalon etc", computer eco system investment/hash needed to break the difficulty level, has low return of btc´s.

Anyway, we have to see all the picture, because as far i can see, this is a btc decimal win/lose.

And please correct me if im wrong.

I was making the calculations using two antminers, the S5 and the S7.

And now without thinking in PSU´s and all the hardware investment, like cooling and UPS, ethernet backup etc.

In Portugal and now speaking in USD not in EUR. An Antminer would consume 590W in 24h = 14160W. Will consume in 30 Days 424.800W Dividing by 1000 = 424.8kWh

Now our kWh (Killo Watt Hour) is priced as:0.111441 USD

So, 0111441US x 424.80kW=47.340USD

The Antminer S5 will Produce 1155GH/s that in this moment/difficulty will give around 0.10813907 BTC/47USD month beeing 24H a day Connected.

So.. profit on this is NULL.


Now the Antminer S7.

It uses 1210Watts H to produce 4.86TH/s
Monthly (30days)is 871.200Watts
Going back to my calculations, 871.200Watts / 1000 = 871.2kW  so 0.111441 USD X 871.2kW = 97USD.

Now at this calculation moment S7 should produce monthly 0.45502674 BTC /$201.71

Projected Profit 201.71USD minus 97USD electricity should expect to give me back something like 104.71USD.

Its my impression or this business is beeing taken by big companies? because the expected profit annual, is 1256.52USD (wihout counting with POOL % and coin fluctuation etc. So even in a year you will not pay the investment and will be harder and win less every time.

Im not here to say "this is a bad business" because in a corporate way yes.. its close to a Gold mine, and the equipment will have its value of sale after 1 2 years (if it get there).

But in a personal way. im seeing this in a bad way?, or since im new to this im getting the wrong picture? or is there other profitable way of getting a cut from the business?.

Thanks for your support and don´t take me wrong, im just trying to understand the "business".