S7 antminer(4.7 ths) vs genesis mining(5ths)

[machaiworld]

I was thinking to invest lifetime genesis mining(5ths) or should be setup antminer s7 for my farming??

Pls suggest if there any good offer than gnesis mining..tq

[Amph]

we need to know your electricity first, or this whole thread is pointless

but in any case genesisminign is expensive, so i would avoid

[SFR10]

Personally I would go with the actual Antiminer S7 purchase, over any type of cloud mining website, since you lose full control over your investment if used in a cloud mining website but when you have the actual product, it won't and can't vanish all of a sudden. Also Amph question and point is correct and necessary on this case plus there were few cases in the past that people had unpleasant experiences while using genesis mining, so you might want to take that into consideration as well.

[talks_cheep]

I bought a 1 Th from the genesis mining. What a scam! At first they gave good payout, then it started to drop, sometime by a half. I'm now getting a penny a day from them. AVOID!!!

[HagssFIN]

See this before thinking about cloud mining:

Cloudmining 101
https://bitcointalk.org/index.php?topic=878387

And as talks_cheep's message indicates, there is a huge possibility not to make ROI, as payouts suddenly start to drop.

[philipma1957]

Cloud mining is very hard to earn a profit.

as to whether  you should get an s-7.

1)  your power cost?
2) do you own a proper power supply?
3) can you cool the space?
4) do you tolerate the noise it makes?


the new s-7 can be had for 482 if you have the 100 usd coupon. 

A power supply is about  150

total cost is 632 + shipping say 700 if you start from scratch .

[machaiworld]

thanks for advise,

might take s7 instead, for electricity..might install at home, and planned to install solar system together for efficiency...

roughly...how long can earn 1Btc with good pool(roughly) with this machine..?

TQ

[notlist3d]

thanks for advise,

might take s7 instead, for electricity..might install at home, and planned to install solar system together for efficiency...

roughly...how long can earn 1Btc with good pool(roughly) with this machine..?

TQ

It is hard to speculate that in today's market.  You can enter into over here and try different difficulty changes - https://bitcoinwisdom.com/bitcoin/calculator

To hit 1 BTC though .... no one can give you good speculation especially with so many S7's being sold right now.   It is essentially a guess.  But you did make a good choice going with getting a S7 vs cloud mining I think personally.

[Amph]

thanks for advise,

might take s7 instead, for electricity..might install at home, and planned to install solar system together for efficiency...

roughly...how long can earn 1Btc with good pool(roughly) with this machine..?

TQ

remember that the cost of the solar panel will cost you more than the s7 per watt, and will save you less in comparison to the earning of your s7

so you need to do some math, and unless your exlectricity is expensive, it's a bit pointless to use solar panels

[leowonderful]

thanks for advise,

might take s7 instead, for electricity..might install at home, and planned to install solar system together for efficiency...

roughly...how long can earn 1Btc with good pool(roughly) with this machine..?

TQ

remember that the cost of the solar panel will cost you more than the s7 per watt, and will save you less in comparison to the earning of your s7

so you need to do some math, and unless your exlectricity is expensive, it's a bit pointless to use solar panels

Solar power is incredibly not cost effective, and with the initial investment you aren't even factoring in the costs for repair in tornadoes, hail, or any type of weather that could damage panels. In the end solar is just not very effective at all for mining, and the only thing solar I have is a solar powered usb hub with 1 Block Erupter USB on it, and I've had to repair it several times due to bad weather. All in all solar is a pretty bad investment for most people, and really if you want to get into mining wait for the next gen bitfury chips to come out. It'll be past the halving most likely but at least a small amount of profit will be made.

[notlist3d]

thanks for advise,

might take s7 instead, for electricity..might install at home, and planned to install solar system together for efficiency...

roughly...how long can earn 1Btc with good pool(roughly) with this machine..?

TQ

remember that the cost of the solar panel will cost you more than the s7 per watt, and will save you less in comparison to the earning of your s7

so you need to do some math, and unless your exlectricity is expensive, it's a bit pointless to use solar panels

Solar power is incredibly not cost effective, and with the initial investment you aren't even factoring in the costs for repair in tornadoes, hail, or any type of weather that could damage panels. In the end solar is just not very effective at all for mining, and the only thing solar I have is a solar powered usb hub with 1 Block Erupter USB on it, and I've had to repair it several times due to bad weather. All in all solar is a pretty bad investment for most people, and really if you want to get into mining wait for the next gen bitfury chips to come out. It'll be past the halving most likely but at least a small amount of profit will be made.

For most solar is a big jump, and a very up front bill.   I always said solar would not pay off but had to revise my stance after seeing phil and buysolar's thread.  It can be done but a expert is needed.    They set up a very nice solar setup and payoff was much sooner then when I looked at it myself, so having  a expert is worth it's weight in gold.

It's also very regional though.  Looking through the rules and who buy's back, it is far better in some then other places.   So possible yes.... but you need that expert to get most out of money.

[Alpinat]

If you buy from cloud mining first, you work for the cloud mining provider first to pay for their S7. If you buy S7 yourself, you work for yourself.

[notlist3d]

If you buy from cloud mining first, you work for the cloud mining provider first to pay for their S7. If you buy S7 yourself, you work for yourself.

Not sure this is making sense.  You can go to hashnest and get it there.... which is from bitmain.   You are not really working for yourself in my view as long as you pool mine, which is pretty much a must.

I would describe it more as with buying S7 you own the hardware.   I like this better then cloud mining... as I enjoy the hardware.  But that is big thing is owning and running gear, not that you "work for yourself".

[philipma1957]

thanks for advise,

might take s7 instead, for electricity..might install at home, and planned to install solar system together for efficiency...

roughly...how long can earn 1Btc with good pool(roughly) with this machine..?

TQ

remember that the cost of the solar panel will cost you more than the s7 per watt, and will save you less in comparison to the earning of your s7

so you need to do some math, and unless your exlectricity is expensive, it's a bit pointless to use solar panels

if you power cost is under say 8 cents a kwatt solar panels are meh.

The state you live in is important. NJ and MA have good programs for solar credits and  both states are costly for regular power.

I am in NJ  my power is 12.7 cents  from OCT 1 to MAY 1   It is 16.7 cents from May 1 to Oct 1

so 12.7 - 3 for heat benefits of the miner = 9.7 in the winter

so 16.7 +1.3 for cooling in the summer = 18.0 in the summer.

So I used to sell off all my gear in April to prep for the summer  and buy new gear in sept to prep for the winter..

I am now involved with a solar array  with forum member buysolar.

He built a large array on his land in my town of howell.  I provided him with miners.

So at this moment I have:

 5 avalon 6's    hooked up to his array. =  0 power cost

 1 s-7 in a friends office. = 0 power cost

2 avalon 6's in house. = 9.7 - 12.7 cents