antminer s7

[sivi0ker]

hello

i live in uk and i am thinking to invest in bitcoin mining
i am thinking to buy 5 antminer s7 direct from bitmain
any suggestion is it worth to invest that much money in this game
and in how many months i can recover my investment or i am gonna do that or not

thankyou

[philipma1957]

hello

i live in uk and i am thinking to invest in bitcoin mining
i am thinking to buy 5 antminer s7 direct from bitmain
any suggestion is it worth to invest that much money in this game
and in how many months i can recover my investment or i am gonna do that or not

thankyou

the key is your cost of power.

normally I think the UK has really high power cost.

I think your are over 20 USA cents a kwatt

If you are I think you can not make money.

I have 9 USA cents a kwatt once I take in to account the free heat  and I will be hard pressed to earn a profit.

You will also need to spend more then 20% of value to get the gear past customs.

So 5 x 850 usd = 4250 usd + 1000 usd in customs and vat = 5250 usd plus good power supplies

[sivi0ker]

thankyou for your help
could also help me with
in a  month one how many kw electricity s7 gonna use
and also in how many months i can make  7000usd worth of bitcoins

[notlist3d]

thankyou for your help
could also help me with
in a  month one how many kw electricity s7 gonna use
and also in how many months i can make  7000usd worth of bitcoins

You can calculate it here with watt's and your price: https://bitcoinwisdom.com/bitcoin/calculator .  I don't think it's going to look good for you, UK is normally not a great place with miner with VAT and high electricity (in most part's at least  shared on board).

But do some ROI math.  Honestly no one can tell you how long till 7000 out of that, or if you make it to that even.  We cant tell you what next difficulty period will be.... add months to that its very hard to speculate.

All I do know is most likely you are better off shipping it to a good data center that has no VAT and probley cheaper electricity then most UK.

[sivi0ker]

thankyou for your help