Hi,
I am planning to start a small farm i the next couple of months, my hardware budget is around 20000USD
Should I get the antminer S5 or is there any other/beter hardware comming soon from any company?
Thanks,
Sam
My advise which is not risk free.
buy $20000 worth of bitcoins, then wait a few months until Spondoolies releases their next generation of miners which may ROI, when that happens use bitcoinwisdom calculator to se if the miners can ROI.
Risks:
Spondoolies may not have a next release, but most likely they will.
Another risk is btc would go down, must most likely it will go up.
Current mining equipment is guaranteed not to ROI, unless you have free electricity and even then it will take a long time to ROI, hardware vendors want to make a good profit knowingly that at current prices their is no ROI.
Current speculations are that 14 or 16 nm tech is around the corner maybe within a few months so waiting for spondoolies is a good gamble.,
And my final advice even if spondoolies releases good hardware at good prices avoid by all means preorders, preorders most of the time are failures for the buyers.
In the used market there are lots of risks, not long ago I saw someone selling very cheap s3 on craigslist, I sent him a reply to let hiim/her know I was interested in the miners, he said we could not meet at his mine, I said fine, then at your home, he said lets meet on the street, I said fine but will need to test the miners, then he said they had all sold out, a few minutes later I see the same add posted again. so if he sold out, why does he advertize them again.. most likely he was selling junk that did not work.
So when buying used miners always have them tested.
