What is a good setup with an investment of $5000 - cheap electricity-

[Amph]

Personally i would go for safety and buy some server PSU with half of the money invested to S5 and half for S7 asics.

Buying old gear (S2,S3,S4) makes no sense. First of all the effiency and secondly the guarantee, For hw long will they work...

Actually buying S7 with actual cheap~near free electricity is a bad investment, the ROI takes a very long time 8months+ versus S3~S4 that take 2-3 months, S5 that take 3-4months.

Beside the S7 that was sniped from Bitmain when the price collapse at 4BTC, they are a pretty bad investment.

wait, how is the s5 taking 3-4 if in one months you do $90 only, and with 0.05 electricity which is cheap enough, you pay already $21 so only 70 net in profit

1 s5 cost more than 300(350) this mean 5 months, used can be another story, but so is the case for s7

1300GH/s is 100$ and that means 3 months or so. Yes used, i'm not sure where you can get S5 brand new?

Also 0.05$/kWh is just one value, its not the cheapest available, but its a good cost to mine at. If you pay 0.05$ ROI should be 4months or a bit less. If it take longer, you probably overpaid.

1300? isn't 1155, if you overclock it it will probably consume more, if the ratio is the same there is no need to oc

anyway 0.05 electricity it's the electricity of every big farm out there, those that have less are surely the minority, better do not take them as example

[VirosaGITS]

Personally i would go for safety and buy some server PSU with half of the money invested to S5 and half for S7 asics.

Buying old gear (S2,S3,S4) makes no sense. First of all the effiency and secondly the guarantee, For hw long will they work...

Actually buying S7 with actual cheap~near free electricity is a bad investment, the ROI takes a very long time 8months+ versus S3~S4 that take 2-3 months, S5 that take 3-4months.

Beside the S7 that was sniped from Bitmain when the price collapse at 4BTC, they are a pretty bad investment.

wait, how is the s5 taking 3-4 if in one months you do $90 only, and with 0.05 electricity which is cheap enough, you pay already $21 so only 70 net in profit

1 s5 cost more than 300(350) this mean 5 months, used can be another story, but so is the case for s7

1300GH/s is 100$ and that means 3 months or so. Yes used, i'm not sure where you can get S5 brand new?

Also 0.05$/kWh is just one value, its not the cheapest available, but its a good cost to mine at. If you pay 0.05$ ROI should be 4months or a bit less. If it take longer, you probably overpaid.

1300? isn't 1155, if you overclock it it will probably consume more, if the ratio is the same there is no need to oc

anyway 0.05 electricity it's the electricity of every big farm out there, those that have less are surely the minority, better do not take them as example

The cost here is lower and it account to about 20% of the BTC return. Also the efficiency @OC 393.75hz is the same, actually marginally better because you dont spin the fan any faster thus (1300-1155)0.8 = 116gh of income gained after paying for electricity. Great bonus.

Also China farm are also cheaper. So that would make it the majority and the price everyone need to compete at. The majority of farms either have cheaper than 0.5-0.07 or make their money out of ripping off people with crazy expensive hosting.

Regardless of your electricity cost you should run a S5 at 1.29TH/s because it does not change the efficiency. As long as its profitable to any extent, overclocking will make it better.

You can also feed downvolted current the S5 a little bit, or the v1.91 ones by a lot. When efficiency become critical or if you're somewhere you pay exorbitant electricity costs such as 0.1 to 0.15.

[tbrazil]

Me too need help. I'm brand new in mining.

 
I'm buyng a machine with 50TH/s 2200W complete and with OS to miner.
Someone can tell me is it so good to start?
My eletric energy has cost of €0,15 per kW/h.
The price of machine is $7.000, How many times I recover my investment?

Regards,

Tony

[VirosaGITS]

Me too need help. I'm brand new in mining.

 
I'm buyng a machine with 50TH/s 2200W complete and with OS to miner.
Someone can tell me is it so good to start?
My eletric energy has cost of €0,15 per kW/h.
The price of machine is $7.000, How many times I recover my investment?

Regards,

Tony

What machine is that? Sound like a scam as its nothing standard, also the price way to low to match the hashrate and also the efficiency sound like a lie. You should double check your things and give more information and probably start your own thread.

But really. I'm 99.9% sure its a scam.

[tbrazil]

Thanks for your answer. But, Why can be lie?

[notlist3d]

Thanks for your answer. But, Why can be lie?

You were given good advice.  What model miner and brand is it?  There have some "scam" miner companies that have high T miners.... they just never make them.  I just don't know of a machine that is 50T for 7k.... sounds to good to be true.  Also if your saying 50T for 2.2k watts that is not currently possible with any miner.

The reason on why can it be a lie is sadly some are willing to do anything for your money.  So I suggest telling us more about the miner.

Also with electricity price and I'm guessing vat I'm not sure you are in a location good for mining to be quite honest.  A hosting center might be much cheaper.

[fr4nkthetank]

Thanks for your answer. But, Why can be lie?

You were given good advice.  What model miner and brand is it?  There have some "scam" miner companies that have high T miners.... they just never make them.  I just don't know of a machine that is 50T for 7k.... sounds to good to be true.  Also if your saying 50T for 2.2k watts that is not currently possible with any miner.

The reason on why can it be a lie is sadly some are willing to do anything for your money.  So I suggest telling us more about the miner.

Also with electricity price and I'm guessing vat I'm not sure you are in a location good for mining to be quite honest.  A hosting center might be much cheaper.

50T for 7k hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm


yup its a scam.  Unless its a pre-order, at which point you get the machine in 8 months, and then bitcoin has halved and the diff is way up and you got scammed too

[vamp176]

Me too need help. I'm brand new in mining.

 
I'm buyng a machine with 50TH/s 2200W complete and with OS to miner.
Someone can tell me is it so good to start?
My eletric energy has cost of €0,15 per kW/h.
The price of machine is $7.000, How many times I recover my investment?

Regards,

Tony

I am really new to all of this , and I noticed you said you were new as well but, that does seem to good to be true , specially the Wattage . If it is true and I got my suspicions it is not . Enjoy the 1 Million Club!

But if you are new dont you think you should be aware of your own ROI and calcualting it yourself before asking a community ? Im not trying to sound harsh or a knobhead , Just as I have stated I am new and I am taking things with caution because we are in a culture where people take full advantage of our lack of knowledge on tech. Just do some research.

Also if I was the one who was making/selling  50TH/s at 2200w I think I would rather keep it, mine it , make my money and, sell it in the future when it has become difficult to mine with that hardware .

[bargain]

Me too need help. I'm brand new in mining.

 
I'm buyng a machine with 50TH/s 2200W complete and with OS to miner.
Someone can tell me is it so good to start?
My eletric energy has cost of €0,15 per kW/h.
The price of machine is $7.000, How many times I recover my investment?

Regards,

Tony

Don't buy it. It will be a scam! For that price, watts and GH/s.
What site did you find it on?
I know miningslab had a similar product to that, and they are a scam. 50TH is just under half of antpool's THs, which makes up around 1/6 of all mining evenue with Bitcoins!

"If it sounds too good to be true, it probably is"

If it was, 5THs for that price then it would seem more legit but overpriced.

[QuintLeo]

Me too need help. I'm brand new in mining.

 
I'm buyng a machine with 50TH/s 2200W complete and with OS to miner.
Someone can tell me is it so good to start?
My eletric energy has cost of €0,15 per kW/h.
The price of machine is $7.000, How many times I recover my investment?

Regards,

Tony

 You won't. NOBODY LEGITIMATE makes a machine with those specs.
 Closest would be the Spondoolies SP50, but it's nowhere near that efficient - and even the CLAIMED efficiency out of KnC's "Solar" and BitFury's next gen chips aren't THAT good.