I've been trying to get into the bitcoin mining world for some time now. I've looked at tons of different miners for more than half a year now. I originally considered an S5 but the cost of it has made me consider the S3+. I have free electricity in my apartment and I think that I'll end up with an S3+. I was just wondering if anybody thinks it could possibly be a bad idea to invest in an S3+ at this point in the bitcoin mining world. The S3+ has 450GH which would make 211$ a year worth of bitcoin.
At CURRENT difficulty and Bitcoin price, you would pull in a little less than $10/month with that miner.
On free electric, you're looking at years for it to pay off - but if you have free electric for the long term, it probably WOULD pay off eventually, the S3+ has a good reputation for reliability.
I have no idea where that $211 a year figure is from, it's WAY HIGH based on current or most recent figures, unless you calculated it during the short-term dip when folks moved to BCH for a few days.