Bitcoin Forum
May 04, 2024, 02:27:53 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What do you think about this plan?  (Read 1060 times)
miguelik (OP)
Full Member
***
Offline Offline

Activity: 256
Merit: 118


View Profile
May 16, 2016, 12:52:27 PM
 #1

I have the opportunnity to rent an antminer s7 for 200€ forma three mmonths. Given that I dont pay for electricity; Would it be profitable?
1714832873
Hero Member
*
Offline Offline

Posts: 1714832873

View Profile Personal Message (Offline)

Ignore
1714832873
Reply with quote  #2

1714832873
Report to moderator
1714832873
Hero Member
*
Offline Offline

Posts: 1714832873

View Profile Personal Message (Offline)

Ignore
1714832873
Reply with quote  #2

1714832873
Report to moderator
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714832873
Hero Member
*
Offline Offline

Posts: 1714832873

View Profile Personal Message (Offline)

Ignore
1714832873
Reply with quote  #2

1714832873
Report to moderator
2c0de
Full Member
***
Offline Offline

Activity: 138
Merit: 102


View Profile
May 16, 2016, 03:45:02 PM
 #2

If you get paid, maybe  Grin

DHjxvnHB9RirtPbvkovSotn1fY2poNffoi
LWeT4wwDVdJ9x49UcXPyS6CznRpbQFM6nx
0x96273C2FD825f0A2745d917bbbfabD6032dC1aDD
Newcoins2020
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
May 16, 2016, 10:35:20 PM
 #3

That's 165.4 USD per month.
@ https://bitcoinwisdom.com/bitcoin/difficulty

168.25
@ http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4730.00&p=1300.00&pc=0.10&pf=0.00&d=194254820283.44400000&r=25.00000000&er=458.00000000&hc=0.00

With the difficulty increase you would be safe. to make a decent profit, if you miner mines 24/7

P.S. Don't forget the cost of a PSU,
notlist3d
Legendary
*
Offline Offline

Activity: 1456
Merit: 1000



View Profile
May 17, 2016, 12:12:02 AM
 #4

That's 165.4 USD per month.
@ https://bitcoinwisdom.com/bitcoin/difficulty

168.25
@ http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=4730.00&p=1300.00&pc=0.10&pf=0.00&d=194254820283.44400000&r=25.00000000&er=458.00000000&hc=0.00

With the difficulty increase you would be safe. to make a decent profit, if you miner mines 24/7

P.S. Don't forget the cost of a PSU,

PSU normally hold value decent if you get a decent one.  If you get the bitmain PSU chances are you will be able to use it again or sell it if S9 changes.   But I'm hoping S9 keeps same PSU.

Also is the 200 euro something you pay per month? Or we talking 1 time payment.  Big difference between the two.
Amph
Legendary
*
Offline Offline

Activity: 3206
Merit: 1069



View Profile
May 17, 2016, 05:58:01 AM
 #5

yes it would, because one of those give you 0.36 btc per month, so 1.08 btc in 3 months

and one btc is equal to $454, so it's easy to see that you would gain more than 250
veles7
Hero Member
*****
Offline Offline

Activity: 950
Merit: 510


View Profile
May 17, 2016, 06:30:48 PM
 #6

I have the opportunnity to rent an antminer s7 for 200€ forma three mmonths. Given that I dont pay for electricity; Would it be profitable?
But you must be careful where you are going to take to rent. Many scams on the Internet.
Gaugh
Full Member
***
Offline Offline

Activity: 135
Merit: 100


View Profile
May 19, 2016, 09:05:07 AM
 #7

You might make more money mining in a pool like kano.is to increase your chances of making profit now that the halving is at hand.
jerowacik
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000



View Profile
May 19, 2016, 09:08:46 AM
 #8

yes it is profitable. as long as you do not pay for electricity, then you will only spend money to buy a single device. you will benefit greatly.
WarrEagle
Hero Member
*****
Offline Offline

Activity: 663
Merit: 501



View Profile
May 31, 2016, 06:11:39 PM
 #9

Yes that should work out just fine. As long as your rental includes the PSU.

DELETED
Korbman
Legendary
*
Offline Offline

Activity: 1064
Merit: 1001



View Profile
May 31, 2016, 06:34:25 PM
 #10

I have the opportunnity to rent an antminer s7 for 200€ forma three mmonths. Given that I dont pay for electricity; Would it be profitable?

Flat out, yes that is profitable assuming 200 Euro (~$225) is a one time cost for 3 months of operation (even accounting for extreme difficulty increases), and also assuming it comes with a PSU (or you have one on hand to handle ~1500 watts).

However, you may state that you don't pay for electricity, but I imagine someone else does. Think they'd notice their monthly electric bill increasing by about 1,000 kWh?

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!