Newbie questions regarding the Antminer S2

[djmulder]

Hi there,

I'm pretty new to bitcoin mining and I manage to find a "good" price on the antminer s2. I'm curious on if it's still worth it, considering it's humongous power usage I'm having my doubts.

Am I overthinking things perhaps?

Could you guys direct me in the proper direction?

Kind regards,



DJM

[unholycactus]

With an S2 it's pretty simple.
Unless you have free or close to free (under 4cents/kWh), it won't be worth it.
Have you thought about shipping prices too?

[djmulder]

well I get it for 70 euroes and no shipping..

but yeh power seems too expensive

[QuintLeo]

As inefficent as the S2 is, your electric needs to be FREE for it to be profitable at all - and that's going to be a very small profit for a lot of electric used.

[djmulder]

well that answered my questions ^.^ thanks for the information I'll keep looking for another deal