AntMiner S3+ Profitability Question

[BabzBit]

I'm new to Bit Mining i want to see how profitable i would be with a small investment. I'm not looking to make a lot, but i think the situation i'm in could really help me get ahead and later on invest more money into it. I own a computer business and i don't have a electricity bill (covered by land lord) The internet fee is covered by the company and i have the technical knowledge to maintain the hardware. I can get a used AntMiner S3+ at 453Gh/s for about $150. I have 680 watt psu that can be used for the system free of charge. What do you think my profitability of this setup is?

[1713551887]

1713551887

[notlist3d]

It all depends with free you have a very good start.  I would suggest doing a little research first before jumping in.

But also here is where you can calculate ROI - https://bitcoinwisdom.com/bitcoin/calculator .  Keep in mind difficulty will effect it over time, you can speculate it, but there is no way to know it for good.

[MCHouston]

Yuck, that price on an S3+ is horrible.  Since you are starting out mining. If you decide to do it, I will sell you a S3+ much cheaper.  

Lower prices for hardware always help you get to ROI faster.  Use the ROI calculator notlist3d posted and see what is a price you are comfortable paying.

[notlist3d]

Yuck, that price on an S3+ is horrible.  Since you are starting out mining. If you decide to do it, I will sell you a S3+ much cheaper.  

Lower prices for hardware always help you get to ROI faster.  Use the ROI calculator notlist3d posted and see what is a price you are comfortable paying.

The thing is with BTC going up in price, gear follows.   S3's I expect to go up compared to what they were during the BTC at 230 day's.   And there is no guarantee BTC will remain high (I hope it keeps going).  So good for all of us holding gear, bad for purchasing new gear.

Just keep all that in mind when you are purchasing gear.

[RichBC]

Yuck, that price on an S3+ is horrible.  Since you are starting out mining. If you decide to do it, I will sell you a S3+ much cheaper.  

How horrible the price is depends on where in the World you are, at the moment in the UK $150 is about the lowest price you can pick up an S3 or S3+ for.


Rich

[HarryKPeters]

150 is too much even with btc @ 400 USD + free electricy. At the moment I think 100  - 120 USD is a fair price for a S3 with free electricy + getting ROI.

[BabzBit]

All this being said, it sounds like an S3+ wouldn't be my best investment. I don't want to invest all my savings but i figured i could really get ahead because of the free energy situation. What would you guys/gals suggest a good startup ASIC be?

[MCHouston]

With free electricity S3's are still my favorite.  They offer a good $/Gh ratio, so you are getting the most Gh you can for the cash, as efficiency is secondary.

[philipma1957]

All this being said, it sounds like an S3+ wouldn't be my best investment. I don't want to invest all my savings but i figured i could really get ahead because of the free energy situation. What would you guys/gals suggest a good startup ASIC be?

where do you live?

If USA 150 is a bad price for the s-3

If in a foreign country such as the UK 150 is a decent price.

you have 'free' power  get the s-3 then mine and hold coins.

Once the s-3 is installed your costs are 0.

A good s-3 running a little under clocked can last for years.

Just collect the coins slowly and if price jumps to 600 usd sell some of them.

mining is about threading water until a price jump happens then off load some of your coins.

[notlist3d]

All this being said, it sounds like an S3+ wouldn't be my best investment. I don't want to invest all my savings but i figured i could really get ahead because of the free energy situation. What would you guys/gals suggest a good startup ASIC be?

where do you live?

If USA 150 is a bad price for the s-3

If in a foreign country such as the UK 150 is a decent price.

you have 'free' power  get the s-3 then mine and hold coins.

Once the s-3 is installed your costs are 0.

A good s-3 running a little under clocked can last for years.

Just collect the coins slowly and if price jumps to 600 usd sell some of them.

mining is about threading water until a price jump happens then off load some of your coins.

I think the price is going up with BTC going up.   Before S3's were 100 all day long.  I checked ebay and it's more 150 including shipping so it's headed up from the 100.

I suspect this will be true with most miners they head up a little in price when BTC value does.

[Amph]

it must be said, that with a single miners you won't do much, it would be a fun experience and that's it

because at current diff, we are talking about earning $42 per month, very underwhelming

you need 10 of those to have something decent as a income

[BabzBit]

I figured with the current situation its a good way to make back my investment for the hardware. Then when i make enough money for a new miner every couple of months then i can purchase new hardware and slowly build from there.