yes i fully agree on the ones that arent eficient. I use them for heat till spring. with my ltc sillverfish @90 mhs ive got a few ltc over the winter and some heat.. also added to my btc hodling stash aswell. Im knocked down to almost nothing anymore. when my miners die ill prolly just hang on to the coins and see where this all leads,. Ive been devoting most my time into my business. Screen printing can really take up your time. Along with that we have a 60 inch HP latex we make signs banners wraps etc. I had a lot of fun mining and learned a lot. BUt i knew sooner later this would turn corporate only. Its always been ones with the money get the furthest. Ive always had to work damn hard for everything. Im used to being built on top of so that the whole of the system can thrive. Thats just how things seem to usually play out. With my business i at least feel im a little bit more in control of my future. Ive said it time and time again. Dont buy gear anymore. its time of ico and just putting money where mouth is and buy the coin. Most of the miners when ran at home dont survive. They have to be ran in datacenter type environment or they just dont last. It is what it is.
Best Regards
Doug
Thats not my point. It is not about efficiency. Even if u buy the most efficient machines 6 months or 1 year or 1.5 years ago, u would have made much more money if u just bought bitcoin instead. Why? Because mining difficulty goes up too much faster.
(Moderator's note: This post was edited by frodocooper to remove multiple nested quotes.) |
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Just as it's hard to predict BTC price it's hard to predict mining. You're right there's a ton of attention being given to it right now, but just like the herd mentality that drove BTC to 20k and then sold at 7k there's tons of people buying miners and then realizing they are too loud, they're too hot, they got scammed, etc. etc. In addition how much of all those new operations are actually mining moving from existing locations or even from overseas? No way to tell, so while yes, I agree that hashrate is going up and in turn difficulty. I believe that some hard times will shake loose a big portion of the herd and things will settle in to a better environment.
The *same* can be said for the market. So personally I remain bullish on both.
Dude, mining is more predictable because there are more maufacturers and stronger machines now, thus more difficulty. Difficulty is so high with lesser machines and weaker ones last year. This year has more manufacturers and stronger machines being sold.... |
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I am selling 2 bitmain 125 USD coupons and one bitmain 50 usd coupon at a good discount. Interested parties please offer me. Coupon expiry end june Thanks
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It seams like none of you really understands how business works.
You all cry Bitmain is evil because they are the only one with a monopoly and because they sell a shitload of miners to willing buyers at fair market prices?
Really? What do you think will happen, if Samsung and Baikal really produce a competing miner? They will def not just sell 10 of them...
The difficulty is going to go to the moon.
Prices "Might" fall and I highly doubt they will.... ruining their business for themselves by undercutting the other did not really work in the past (just look at coca cola and pepsi)
Oh and even if the price of mining hardware is going to decrease, due to the higher difficulty and still fixed electricity costs, mining is not going to be more profitable.....
Just think about it for one second. Same product from Hashing power, half the price and people will buy twice as many because they are cheaper....
Agreed. In fact, more manufacturers means more difficulty increases which lead to less profit per miner. Many miners will not break even. And the threat of a new machine appearing out of the blue to make obsolete the machine u just bought also increases. |
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They never shipped, I ordered on October 2017. And they were supposed to ship December 5th. Minerwarez continued to promise the miners for several weeks after this. Then one day they decided not to ship them and backed out of their promise to ship them and then offered the 821s at zero discount and they wouldn’t ship until March. LOL!! Like bro, I’ve already received 2 shipments from bitmain since then. GFY! Asked for a refund, then called my credit card company and they said they “MinerWarez” were fraudulent. I won’t buy anything from Canaan EVER again.
Wow, thats very unexpected. And that is outright cheating.... U did get your money back right? What did canaan say about it. U did use an authorized canaan retailer right? Theres alot of new customers and the mining space is growing exponentially, so yea. Alot of us that have been mining for years will be forced out if we aren't already or haven't been able to become a big mine with large working capital. Even then, we may not make it. Sorry guys, its just the way it is. We wanted Bitcoin to become universal, that means Mining will from now on be a very quick race to the absolute bottom of profittability. That also means that Canaan and Bitmain and other ASIC manufacturers of today will also feel the pain in a few years time. Newer hardware is coming, they know this and they are trying to do everything they can right now to make their last ditch profit. Because shit, they may not even be around in 2 years time.
This looks like it will be the case. In general, mining would be unprofitable for all if it goes this way. I wrote two topics on this recently. It seems that there will always be high difficulty increases because the average buyer does not take into account difficulty increases and other risks. News and media also push them into mining. If this difficulty increase keeps up, the winner wont be the home miners or the big miners, the winner will be the fellow who just buys bitcoin and holds it. Why? Because difficulty rise up so much that even with the cheapest electricity, u gonna make more just holding bitcoin. So, If bitcoin drops = miners will make huge losses. Bitcoin holders make some losses. If bitcoin price stagnates = miners dont make money because difficulty rise alot over time and higher cost miners switch off machines while lower cost miners make like 50-60 bucks per machine LOL. Machine will likely break before they break even. Bitcoin holders make nothing. If bitcoin price rise alot = miners make some money. Bitcoin holders make alot more money Asic manufacturers will still make money from selling ASICS but make nothing much or lose money from mining.
(Moderator's note: This post was edited by frodocooper to remove multiple nested quotes.) |
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Pleaae let me know also if there is space. Thanks
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You don't have to be in China to get very very low electric rates.
Under 5 exists in the US in a few spots, even for "residential" usage, and I'm pretty sure you can get into that ballpark in a couple areas of Canada as well.
For that matter, there are 2 counties in the US that you can get under *3* cents/kwh for residential service.
Expecting big farms to not grow when they're profitable is DUMB.
There units don't need 10 power supplies - they don't eat AS MUCH power as the S9 does and use the same number of connections.
ONE power supply per unit is entirely viable, which would be *5* power supplies and outlets for the "minimum order quantity" - I have no clue where your "10" is comming from.
At that electricity cost, it will still take 9 months plus to break even (without considering rental/staff/VAT/shipping cost). With those other costs included, it will be longer. The risks: -New stronger machines will come in and damage current returns. There are farms in the past that have gone offline with weaker machines like S7. There are also bankrupt mining farms like KNC. -Warranty is only 6 months and it takes longer ot break even. -Difficulty climbs even higher than expected due to new asic manufacturers There is also the risk of bitcoin price going downwards and never going back up or just bursting,etc. Nothing is ever risk free. U have a higher chance of breaking even but it is not a sure thing. |
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Absolutely NO. Bitcoin is really risky like a kind of gamble. Selling house and invest in bitcoin is like a gamble for your life. What if the price of bitcoin is fallen down? What will you do then? All of us want to make good profits but if you fall you're all alone and miserable, don't forget that!
- Exactly, we can not be sure the price of bitcoin will increase, it's a gambling game and depends on luck is too much, and the person who poses this problem, he just thinks about success, he does not think he will fail, it's a mistake. Profit from bitcoin has made many people blind in thought, they do not stay awake and they just think about unrealistic situations, selling a house is an act too dangerous, nothing is guaranteed, our relatives will face many difficulties, I believe that we would not want to see our families live a situation deprivation and fatigue, so we should not do this is a sure thing Exactly. Dont put in more than u can afford to lose I sold my car, I would have a house and it would sell, the prospect is obvious, if you look at the graph for the last similar period, we will see that the spam is there, and then everything started to grow!
U need to listen to the above advice... |
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So I updated the firmware on my A5 because it stopped mining
Be aware of the possible fire  Here is information from a mining farm: 15 more A5’s caught fire today. All A5’s turned off again. Downclock and upgrade firmware doesn’t help in this time. We will wait an engineer from Innosillicon to upgrade hardware and remove capacitors.   The image that you posted was from Giga Watt. They posted that image publicly on Twitter as a response to Innosilicon. I had also linked to it on the previous page of this discussion thread. So when they say that "15 more A5's caught fire" is that in addition to the 17 that had already caught fire at Giga Watt? I am afraid yes. Information about 15 units arose just two days ago. And your infomation on the previous page was published more than 2 weeks ago. Picture is indeed from their old twitter. They are trying to run A5s after a new (numerous) update, but each time this doesn't help. How long were the machines running before it caught fire? So, Innosilcon will help replace those units right? Are they still under warranty? If u make your own changes, it might void the warranty? |
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These posts always crack me up. Ahhh the sky is falling. Price dropped mining must be over. Those that think that just don’t understand what’s going on. . Bitcoin Mania Triggers Miner Influx to Rural Washington - The Wall Street Journal https://www.wsj.com/articles/rural-washington-is-a-hot-spot-for-bitcoin-miners-1518354001. I’ve been monitoring 8btc. They are claiming 100 exa by years end. Check out this site. It’s a combined hashrate of both networks BTC bch. http://Https://Fork.lol/pow/hashrate. Then checkout www.bitcoin.sipa.be at the trend since beginning. I’m still running s2s3 (would do more but limited power)because I know in a few years the coins it mines now will be priceless. Right now it’s turn whatever you got on before the 100 megawatt farms start turning on left and right. BR Edit. Sorry about the wsj report. I didn’t realize when I shared the link that it would make you pay for the story. Here’s a little taste. “Four of the mining inquiries that Chelan County’s utility has received since October are for 100 megawatts each—that is enough power for more than 50 hospitals, and building the infrastructure for each mine could cost more than $40 million.” It is wrong to assume that bitcoin price will go up alot. And if u are going to assume that, it is better to just buy coins than mine them since u get more coins faster. Some machines will never break even as it is because the difficulty is too high. Thus, just buying bitcoin gives u more bitcoin and u get it faster than mining, allowing u to capture more upward gains. |
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The solar has a 20-30 year life span.
With New Jersey rules and incentives it will pay off in 3-5 years.
So at worst 15 years to 20 years of viable paid off energy.
Wow, 3-5 years payoff with 20-30 lifespan. It is a good deal for u. It guards against possible higher electricity cost too. Your only other major risk is ethereum going proof of stake. It is possible that eth going pos would kill gpu mining because eth is the main. Once eth pos, every eth miner will point gpu to other coins. Other coins difficulty will skyrocket and possibly not be profitable. Then, there will be alot of gpu firesales in the market as everyone is selling. Just investing in solar alone could be better. Maybe u can resell the energy cost to your state.
(Moderator's note: This post was edited by frodocooper to remove nested quotes.) |
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If this dragon is real, difficulty will skyrocket further, no new btc miners will break even unless btc rises alot like last year...which is unlikely. And if that were to happen, it is far more profitable to just buy btc. Asic manufacturers will not be able to sell new units either. It looks like bitmain is getting out of mining too by dumping old v9 units? I think they are old units. No sense in manufacturing new S7 chips right?
I don't know how familiar you are with the price history of BTC, but it is very likely the price is going to rise again. You may want to invest now while it's still low. Asic manufacturers still have time to have some tricks up their sleeves, as long as they can make usable products people can purchase. If a company like Pangolinminer can squeeze every last bit out of 28nm tech, imagine what other companies, like bitmain, can do to turn a profit out of newer, more efficient tech. And, with the restrictions some countries are putting on corporate mining farms, the "end of days" is still quite far away. One thing this thread does, is show a company that may have a more efficient miner, or at very least show there is an opportunity for it in the future. Past price is not an indication of future price. And if u think btc price is going to rise, u should just buy btc. U will make alot more than mining for sure. If u had invested in btc last year at 800 bucks, u make 10 times your money now at 8000 USD. Mining will not give u anywhere near that much. This year, mining difficulty will go up higher than last year as it is due to more manufacturers and greater interest in it. Also, seems gpu is more profitable now as gpu supply is not as abundant as asics. There are only 2 gpu manufacturers versus alot of asic manufacturers. |
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hell if you buy an s9 now and start mining you need about 20 months to ROI
and this is IF the bitcoin price and difficulty stays the same
The crazy part is that it 2-3 months to ROI just 2 months ago. Bitcoin halved its price and huge interest made it this way.
hell if you buy an s9 now and start mining you need about 20 months to ROI
and this is IF the bitcoin price and difficulty stays the same
Please tell me how you calculated 20 months? At ten cent power it is 400 days with the assumption price matches diff. 300 fully flat price flat diff. Never with flat price and 2% diff. Looks like gpus are better at the moment In general, it is more likely to get worse because : 1- Ebit and canaan have stronger machines this year. Difficulty is going to rise. 2- There are alot of news sources saying how great mining and using ridiculous numbers and assumptions. In other words, there is huge hype. Kodak's has a crazy offer where users payi 3400 to lease an antminer S9. It was apparently a success hit with investors lol and their stock price went up alot. I see tons of these articles in my flipboard 3- There are possible new entrants like dragonmint which has collected a few months of orders. These people may be real. 4 -Bitmain,etc seems to be having miners for sale. There will still be people buying due to point 2. I wrote these sort of topics awhile back, hoping for some solution but I guess not. Mining is not gonna be breaking even for many if this continues. Alot of people will scream scam later. It is not a scam but it does not make sense. Sadly, there will be alot of pain and losses, like the D3 and those obelisk miner guys. I suggest u dont buy GPU either because there is TOO MUCH HYPE news about how GPU mining is great. My flipboard alone has these daily. It is insane. There is also risk of ethereum going proof of stake this year. I really hope to be wrong on all this. |
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I cant help but wonder what is ppl thinking for paying 3500$ for a 11th miner? thats a 14 month to ROI without any diff increase.
At 5 cents electricity, it is now 16-17 months, 480-510 days. At 10 cents electricity, it is 20 months, 600 days. That isnt possible. This is without difficulty increase and new stronger machines coming in.... Price should go down to $1100-1200usd? Lucky for you someone else beat you to checkout because ROI is now 848 days for an A821 at $3500 & 0.10/kWh. Which basically means never! All those ebayers are still paying $3500 for an S9 and $2000 for an A741 too.
These people do not know wat they are doing.... This is why I was livid when the 741’s went to $1400 and my order of 6 of them (at $795 each) never shipped. Because bitcoin price is volatile, and to just deem your 12 month old hardware 2x as expensive is BULLSHIT! Here’s the deal Canaan! When you say you base the price of your miners depending on bitcoins price you’re just lying If it doesn’t go down when the price of bitcoin falls. And when the price of bitcoin rises the difficulty rises with it so it’s harder to mine. So profit is less then too. For a company to be such opportunist like this is bullshit. I’m not telling anyone here anything they didn’t already know. Unless your buying 7.3 terrahash for 2k. Wat u mean by they never shipped? They just cancelled the order? I got a feeling they wont decrease price. They have buyer due sensationalized media news on how mining is so great. These new miners wont break even and will be feeling alot of pain... |
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I wonder what asic builders will end up doing about gpu mining.
I purchased 2 full gaming miners for 4600.
Came with everything. Inculding two 1080tis in each one .
They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.
Payback is about 320 days.
They would be worth at least 900 Each next dec. That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait
Philip, right now mining is becoming abit of a scam as it is oversupplied. U may never break even u know. The last thing the industry needs is more mining equipment actually. Risks are too high. I can not worry about breaking even. I only worry about losing my profits. The question for me is where do I buy for my power source. I have 17kwatts at the solar array my cost is ½ the coins so I can mine at any price and still get ½ the coins. Ie the solar array turns a profit at 1000 a bitcoin as my cost for the power is ½ the coins. All my gear is paid off. So I have 1 limit 17kwatts. the others limits are dictated by coin price my garage can do 7k-watts in the winter and 2 k-watts in the summer but low coin prices and high diff will affect me. one other place to mine has a 2kwatt cap and cost is ½ the coins so 17+ 2 = 19 /2 = 9.5 k-watt of free power 2-7 k-watt of risky power. So I always try to fill that 9.5 k-watt for me and 9.5 k-watt for my partners correctly. the 2-7 of risky power is different. i.e. I can't lose out unless I expand way way way over the 50/50 power deal. Asic gear sucks for me as the warranty is shit. gpu is safer as warranty is longer. I am referring to profit from the new investment. Old investment back then are sure to profit. If I invest it will be a larger solar array here in New Jersey with laws setup the way they are it is pretty much a no brainer. The size will always be limited. Next array may be 2 acres vs the 1 ¼ one I do with buysolar. But they really can't lose money with current laws in place. In this state. Now that we have had it up and running we have an understanding of the numbers and math involved we are leaning more towards gpus due to longer warranties and better service from gpu companies then asic companies offer. A gpu with a 3 year warranty that will be honored looks far better to me then an asic with a 90 day warranty that gets pissed on. How many years to break even for the solar project, on its own? If this dragon is real, difficulty will skyrocket further, no new btc miners will break even unless btc rises alot like last year...which is unlikely. And if that were to happen, it is far more profitable to just buy btc. Asic manufacturers will not be able to sell new units either. It looks like bitmain is getting out of mining too by dumping old v9 units? I think they are old units. No sense in manufacturing new S7 chips right? |
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I wonder what asic builders will end up doing about gpu mining.
I purchased 2 full gaming miners for 4600.
Came with everything. Inculding two 1080tis in each one .
They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.
Payback is about 320 days.
They would be worth at least 900 Each next dec. That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait
Philip, right now mining is becoming abit of a scam as it is oversupplied. U may never break even u know. The last thing the industry needs is more mining equipment actually. Risks are too high. I can not worry about breaking even. I only worry about losing my profits. The question for me is where do I buy for my power source. I have 17kwatts at the solar array my cost is ½ the coins so I can mine at any price and still get ½ the coins. Ie the solar array turns a profit at 1000 a bitcoin as my cost for the power is ½ the coins. All my gear is paid off. So I have 1 limit 17kwatts. the others limits are dictated by coin price my garage can do 7k-watts in the winter and 2 k-watts in the summer but low coin prices and high diff will affect me. one other place to mine has a 2kwatt cap and cost is ½ the coins so 17+ 2 = 19 /2 = 9.5 k-watt of free power 2-7 k-watt of risky power. So I always try to fill that 9.5 k-watt for me and 9.5 k-watt for my partners correctly. the 2-7 of risky power is different. i.e. I can't lose out unless I expand way way way over the 50/50 power deal. Asic gear sucks for me as the warranty is shit. gpu is safer as warranty is longer. I am referring to profit from the new investment. Old investment back then are sure to profit. |
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Dude, I never tried to hide. I wrote in other topics also that I am mining. Thank god I have alot more S9 and L3s lol and I bought all my S9s at the lower 1.4-1.6k price and I have been mining for awhile in the better months.
Every miner gives a damn actually. And that includes new-wannabe-miners such as yourself. Nobody would want a miner that cant break even especially when the ROI looked so good just before u make that purchase. It is better u dont waste your money. Unfortunately, for those who ordered miners 2 months ago where mining profits are at an all time high, some may not break even if their machine breaks just after the 6month warranty period.
If btc is built on POS, I would have more btc and no miners lol. No point comparing 2017 because bitcoin price mooned 15-20x in 2017. That is unlikely to happen this year and impossible to happen yearly....mkt cap would be insane then. If price goes to 100, everyone loses. More manufacturers wont be good, that would mean difficulty jumping more every 2 months because more miners arrive. Samsung will probably lose money when they come in here unless there is major increase in btc price suddenly. But this sort of venture is a small loss to them and they can take it.
Btw, free market is silly here. And even YOUR OWN USA laws has catch limits on fishing because there is only so much that can be earned from fishing and overfishing kills all profits pretty quickly. Same for mining, there is only so much to be earned. The only difference is the lead time before shit-hits-the-fan is longer in fishing than mining. Same for OPEC where they need to cut/increase production in advance because new production takes like a year to come online. U dont want oil to go up and down by 100 dollars per barrel a year lol...and throw things into chaos. Thus, people plan in advance.
Are you actually comparing bitcoin mining to fishing? Seriously? I'm taking back my words on you not being one of those r people. Fishing limits are put in place because if we fish too much there will be no fish left next year. What is the parallel with bitcoin? If the hash rate goes 10 times this year there will be no bitcoins next year? Seriously?  Oh, and by the way, it's not my own USA , I'm not american and I don't know how you've come to this idea. Secondary, oil was at 100 barrels when OPEC had the power. It went down when the shale gas broke their market share, low gas price are because there are more producers. Some twisted logic you have here..you're living a twisted dream rolled in nightmares here. I don't know how to explain you as I've tried 100 times till now with no effect. There is no rule here all the miners should make a profit or even ROI. And there shouldn't be one!!!!! Free market! One of the reasons bitcoin exists, one of the things it represents..and you try to smash it. Omg , it is not about fishing or mining. It is the concept of how oversupply destroys everything..... If u allow overfishing, there will still be fish next year, but just so little fish that no fisherman can make a profit or breakeven on it. U dont overfish, so, there will be profit for the fisherman each year. Similarly to bitcoin, we should not over-deploy miners, so there will be a reasonable profit next month and a possible breakeven for the machine going forward. There is limited amount to earn from mining or fishing, so, dont overdo it, or no one wins. An example - watch dirty money episode about maple syrup on netflix. Their maple syrup industry only stopped making losses after they controlled supply. It is not just maple syrup, fishing and oil. There are all sorts of federations/organizations that prevent oversupply for alot of things that u do not know about lol. Oil projects take a year to produce any oil. If they dont plan it properly, u gonna see oil prices up and down 150-200 dollars yearly due to supplies going up and down erratically... Such things are still considered free markets, juz smarter. Sure, there is no such rule but it could be bad and alot of unnecessary losses for new miners/manufacturers going forward. It is stupid to waste time/money/electricity when it can be avoided. There are tons of warnings on ICOs because people can lose their money. Mining is more expensive but they are no warnings on those. News sources even sensationalize it lol...And when things go wrong, alot will say that mining is a scam, like the the D3 thread lol.  It reminds me of the Baltic dry index. The index measures the freight rate or bulk carriers ships. At its height, tons of investors bought new ships expecting a HUGE return....as seen on the index. Ships take 2-3 years to be manufactured and delivered. So, when the ships are delivered, there were just too MANY of them and thus, the index (freight rate) dropped greatly due to oversupply. The 2009 recession helped some too. But, even after dry bulk trade volume and other sectors recovered from the crisis, the dry bulk index remained very low, even today, due to oversupply. The index has remained at that collapsed rate for the last decade. Yep, decade, partly because ships are built to last 20-25 years lol. End result is the shippers (miners) and shipyards (asic miners) made huge losses and many went bankrupt lol. Also, there were huge job losses and waste of fuel by vessels idling around. No one wins!! A decade of such isnt a normal or smart thing. Hmmm I wonder if this will occur here. I support free markets too but it is best to have some kinda understanding and co-op in such markets. |
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I'm not counting anything not delivered as real, until people actually received ebits I wasn't counting them. Just like I'm not counting Haloong until some of you actually plug some in. Actual people have now taken actual possession of the ebit machines. They're in reality town. Of course I want more manufacturers, more competition. Who doesn't.
Dude, more manufacturers just means more difficulty which means less profits and possible losses for all miners. Everyone orders 2-3 months in advance after all. More manufacturers means alot more orders and a bigger sudden difficulty spike when they appear later. And the miners dont sell for cheaper. Bitmain sold S9 cheap at 1500 USD back then and they had a monopoly. Now, bitmain is selling at 2300 USD and so are canaan, etc. In fact, canaan is selling higher at 3500 USD. It is almost seems as if the ASIC manufacturers realized that they wont be able to make much money from mining going forward, thus, it is better that they just sell asics at higher prices to make up for the lesser profits from mining. By right, a monopoly should mean higher prices but heck, bitmain sold lowest when it had a stronger monopoly.... |
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If it is real, the difficulty will skyrocket. That alone is bad for everyone because bitcoin price is no longer skyrocketing like last year. It looks more real than before.
I'm only asking this because I haven't been around to see when the new miners have come on the market and their impact on network difficulty (except the recent A3 craziness).... ...but the jump from 13-14 TH machines to 16 TH machines... do you think that's gonna be impactful as say, everyone swapping S9's for S11's, etc? Perhaps the impact will be more gradual? This 14th to 16th isnt a big issue. The issue is that there are too many miners and too little bitcoin for everyone to mine. Thus, alot of people will probably not be breaking even. Ebangs are out, we now know where the samsung 10nm chips went, 18ts at 5k usd per unit and shipping now. If the dragonminter is real, it just got outclassed and beaten to market.
Ebangs have been out and out of stock for a while. At the latest batch pricing, their Samsung chips are 90W/TH ($266/TH), where the Dragons are 92.5W/TH ($170/TH). I wouldn't recognize that as outclassed. That's over a 55% price premium for the Samsung chips for a less than three percent efficiency gain. It's great to see more manufacturers be competitive! This is good for the market, and should reduce the $/TH for the miners all around. Yeah but even at 5 cents electricity, it is gonna take 15 months (450 days) to break even. That is a calculation without shipping cost, PSU and VAT yet. At 450 days, they may never break even. Too many things can occur by then, assuming the miner even lasts that long... Btc price rose 10x from last year to this year and this is the kind of low returns mining gives now. Btc is unlikely to rise 10x this year but difficulty is expected to rise more as stronger machines and more manufacturers appear. |
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I wonder what asic builders will end up doing about gpu mining.
I purchased 2 full gaming miners for 4600.
Came with everything. Inculding two 1080tis in each one .
They earn 15 usd. A day and use 750 watts a real major company with 1 year warranty.
Payback is about 320 days.
They would be worth at least 900 Each next dec. That means 1800 profit So pretty competitive . I paid on Jan 28 and I am Mining today’s date is feb 9 so 12 day wait
Philip, right now mining is becoming abit of a scam as it is oversupplied. U may never break even u know. The last thing the industry needs is more mining equipment actually. Risks are too high. |
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