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Author Topic: Is it to late to buy an S7?  (Read 2458 times)
InsideBjorn
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April 15, 2016, 08:54:53 PM
 #21

I do understand why people want to join the mining game. but what I don't understand is why they expect profit. Any newbie can check this forum or for the lazy ones use a calculator and see it is not profitable anymore for the home miner?
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April 15, 2016, 11:09:37 PM
 #22

I do understand why people want to join the mining game. but what I don't understand is why they expect profit. Any newbie can check this forum or for the lazy ones use a calculator and see it is not profitable anymore for the home miner?

They expect it as they look at mining past.  At one time it was a 3 month ROI which is AMAZING.  Nothing hardly has a 3 month ROI.  But these day's mining got industrial size, and timeline is much longer.  Became a game all about electricity...

It is profitable for some home miners, depends on electricity.  The "lucky" ones with apartments with electricity included will be able to mine pretty much always.  The ones with high electricity day's are over.  And what I considered normal.... is pretty hard anymore to profit.  So yes can be done.  But far from past on being easy.
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April 15, 2016, 11:43:30 PM
 #23

Its never late to invest in bitcoins. Here is more important to have cheaper electricity then you can earn something. I would buy one miner long time ago but here in my country electricity is too expensive.
Good luck with your project.

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May 04, 2016, 04:05:23 AM
 #24

tl;dr, It is too late to start mining with an S7, you are too late to the party/train/whatever. Party's over, the train has left the station. Bitmain S7 is a junk anyway, lots of S7 are dying, they didn't last a year unlike the S3's. All the biggies are replacing the S7 with the 16nm new gen miners. Don't be a bag-holder of last gen miners.

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May 04, 2016, 04:29:04 AM
 #25

tl;dr, It is too late to start mining with an S7, you are too late to the party/train/whatever. Party's over, the train has left the station. Bitmain S7 is a junk anyway, lots of S7 are dying, they didn't last a year unlike the S3's. All the biggies are replacing the S7 with the 16nm new gen miners. Don't be a bag-holder of last gen miners.

It is not necessary to late, so many variables I never say to late.   First we have to look at electricity price... for some very cheap others not so much.   The OP at .09.... is not cheap but more "normal" range.  So it's a little harder right now.

But not knowing what having will do to value, or hashrate at that point we cannot give good speculation on a lot.   It is just hard to say.   I bought one of the last of the previous gen S5+ (was right before S7) and I did pretty well on it..... so cant say late can never make profit.   It was also one of my favorite miners and it was late in that generation.   
philipma1957
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May 04, 2016, 08:22:58 PM
 #26

If anyone wants a free coupon   for 100 usd for 1  s-7 send me a pm.

Do I think op should jump in on at s-7?

  only if he can afford to lose money.  Right now I think 6 or 7 cent power stands some kind of a shot.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
kahir
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May 09, 2016, 10:15:45 AM
 #27

no one is only making 0.42 per month minus electricty, 300 is a dream at present, but with cheap electricity is still profitable

the good thing is that one s7 now is very cheap compared to the early stages

amph it have not started yet Cheesy ... just wait till halving and get them dirt cheap ... maybe half the current price lol
DrG
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May 09, 2016, 11:39:27 AM
 #28

no one is only making 0.42 per month minus electricty, 300 is a dream at present, but with cheap electricity is still profitable

the good thing is that one s7 now is very cheap compared to the early stages

amph it have not started yet Cheesy ... just wait till halving and get them dirt cheap ... maybe half the current price lol

At the halving revenue drops to half but operating cost stays the same (assuming nobody quit mining) so discounting for fees the income should be less than half.

If you found my post helpful any tips are always appreciated.
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