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Author Topic: cheap electricity so what now?  (Read 1578 times)
gkv9
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January 09, 2016, 03:19:50 PM
 #21

If you are concerned about profits, then you should definitely go for Antminer S7 as it will help you get good profit and I guess you will get your ROI done in less months if you are to get free electricity... Smiley

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January 10, 2016, 01:13:24 AM
 #22

You should definitely take advantage of that, just get an old miner and you are all set, you won't be making much of course but it would be free and if you have faith in Bitcoin it could be much more valuable in a couple of years, twice or more.

You can also try mining another coin that gives you more bang for your buck: https://www.whattomine.com


A lot of these are altcoins, and scrypt or other algos.  So they cannot be mined with standard bitcoin miner.   

A better one for bitcoin is: https://bitcoinwisdom.com/bitcoin/calculator It will allow you look at ROI math with difficulty changes.  And these difficulty changes are a big thing over time.
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January 10, 2016, 05:20:01 PM
 #23

I don't think the S7 will get you a decent profit within a decent timeframe.
Just the Antminer S7 will take you 130+ days to get profit:
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4700&p=1180.00&pc=0.10&pf=0.00&d=103880340815.45600000&r=25.00000000&er=449.94760000&hc=0.00

This is without difficulty increase and the PSU.

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January 10, 2016, 10:51:52 PM
 #24

I don't think the S7 will get you a decent profit within a decent timeframe.
Just the Antminer S7 will take you 130+ days to get profit:
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4700&p=1180.00&pc=0.10&pf=0.00&d=103880340815.45600000&r=25.00000000&er=449.94760000&hc=0.00

This is without difficulty increase and the PSU.

Coinwar is not great.  I highly suggest using https://bitcoinwisdom.com/bitcoin/calculator .  So much better with difficulty option.  Coinwarz is good for this period only.

As far as PSU i'm not sure on including it.  A lot of people have PSU's that last multiple miners.  And some like me have some that have already ROI'ed on.  And when I buy new I plan on more then one miner using a PSU over it's lifetime.  And I can also sell it one day if I want.
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January 10, 2016, 11:02:50 PM
 #25

I don't think the S7 will get you a decent profit within a decent timeframe.
Just the Antminer S7 will take you 130+ days to get profit:
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4700&p=1180.00&pc=0.10&pf=0.00&d=103880340815.45600000&r=25.00000000&er=449.94760000&hc=0.00

This is without difficulty increase and the PSU.

Coinwar is not great.  I highly suggest using https://bitcoinwisdom.com/bitcoin/calculator .  So much better with difficulty option.  Coinwarz is good for this period only.

As far as PSU i'm not sure on including it.  A lot of people have PSU's that last multiple miners.  And some like me have some that have already ROI'ed on.  And when I buy new I plan on more then one miner using a PSU over it's lifetime.  And I can also sell it one day if I want.

Both calculators do what they were invented for... calculating the profitable. Sure 1 tool having more features is good, but it doesn't mean it's better.

The outcome for OP is the same. Buying a S7 is not' profitable..
notlist3d
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January 10, 2016, 11:14:01 PM
 #26

I don't think the S7 will get you a decent profit within a decent timeframe.
Just the Antminer S7 will take you 130+ days to get profit:
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4700&p=1180.00&pc=0.10&pf=0.00&d=103880340815.45600000&r=25.00000000&er=449.94760000&hc=0.00

This is without difficulty increase and the PSU.

Coinwar is not great.  I highly suggest using https://bitcoinwisdom.com/bitcoin/calculator .  So much better with difficulty option.  Coinwarz is good for this period only.

As far as PSU i'm not sure on including it.  A lot of people have PSU's that last multiple miners.  And some like me have some that have already ROI'ed on.  And when I buy new I plan on more then one miner using a PSU over it's lifetime.  And I can also sell it one day if I want.

Both calculators do what they were invented for... calculating the profitable. Sure 1 tool having more features is good, but it doesn't mean it's better.

The outcome for OP is the same. Buying a S7 is not' profitable..

Having difficulty changes is better when calculating ROI.  It is a big thing overtime.  It is not just some fancy feature, it is a real variable you deal with when mining.

Coinwarz without having difficulty will never be good for more then current period.  Bitwisdom you get much better longterm which mining is a longterm investment at this point.
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January 15, 2016, 08:47:09 PM
 #27

Yes the ROI is pushing me more to multiple cheap to make a sum of 2T/H or 3T/H


notlist3d
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January 16, 2016, 01:50:21 AM
 #28

Yes the ROI is pushing me more to multiple cheap to make a sum of 2T/H or 3T/H


That is the great thing with not having high electricity.   You can buy used gear at a considerable discount and look at best bang for the amount of hashing.  Not the most efficient.

For me efficiency is importing as I have what I would call normal electricity.   So I really have to keep decently new gear.     I plan to see what is profitable and what I sell after winter is over.
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January 16, 2016, 07:24:36 AM
 #29

Yes the ROI is pushing me more to multiple cheap to make a sum of 2T/H or 3T/H




with free electricity is only a matter of time until you roi, you don't even need to sell the equipment unless you see that the diff will kille the profit completely and you're earning few satoshi each day

not somethign that will happen overnight for sure
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