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Author Topic: what is more profit to me ( genesis mining - btc mine hardware )  (Read 317 times)
mamiakimo
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June 29, 2016, 04:39:14 PM
 #1

hi,

i am confused and i need your experiences please

i have two choices

1- bought Antminer S7 from china
it will cost me 1200$ to my country

using it to mine by myself ( i have free electricity )
Hash Rate 4,7 = 7.21$ per day

2- bought 7,5 TH/s from genesis-mining with same price
equal 11,5$ - (0.00079*7500) ( for maintenance ) = 5,75$ per day


what is you choice ?
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pedrog
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June 29, 2016, 04:47:57 PM
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With those two options you will lose some or all your money.

The best you can do is to buy $1200 worth of bitcoin and store it safely, it will probably increase in value in the future.

bits4that
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June 29, 2016, 04:51:19 PM
 #3

hi,

i am confused and i need your experiences please

i have two choices

1- bought Antminer S7 from china
it will cost me 1200$ to my country

using it to mine by myself ( i have free electricity )
Hash Rate 4,7 = 7.21$ per day

2- bought 7,5 TH/s from genesis-mining with same price
equal 11,5$ - (0.4*7.5) ( for maintenance ) = 8,5$ per day


what is you choice ?


The obvious choice is the one that makes more money daily.

The smart choice is to not buy any mining hardware or "cloud mining" contracts until after halving (just wait a month). 

Difficulty will rise and you will be getting half the reward very soon, you will be waiting forever to ROI.

Why get an S7 when the new S9 is right around the corner?

mamiakimo
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June 29, 2016, 05:00:19 PM
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if i get s9 it will more benefit ? i have free electricity
i will wait until halving happen
mamiakimo
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June 29, 2016, 05:56:59 PM
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so mining no longer profitable ?
mobnepal
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June 29, 2016, 06:51:41 PM
 #6

hi,

i am confused and i need your experiences please

i have two choices

1- bought Antminer S7 from china
it will cost me 1200$ to my country

using it to mine by myself ( i have free electricity )
Hash Rate 4,7 = 7.21$ per day

2- bought 7,5 TH/s from genesis-mining with same price
equal 11,5$ - (0.00079*7500) ( for maintenance ) = 5,75$ per day


what is you choice ?
If Earning from mining yourself with your own hardware which just sits near you is makingmore profit than why you want to trust genesis (cloud mining site) that may turned into ponzi in near future just like hashocean. I will suggest to buy one physical hardware and if you have free electrictiy than whatever you will earn will be pure profit for you, but be carefull to have enough ventilation system where you place that antiminer.  Grin

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