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Author Topic: Cheap electricity  (Read 7802 times)
kellendil
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July 03, 2016, 05:33:12 PM
 #1

hi,
i have access to cheap electricity around 1 cent/kWh.
if i buy 5  s9 antminer do you think its a good investment ? What would you say ?

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July 03, 2016, 05:46:58 PM
 #2

Well i think its a good investment because the price of bitcoin right now is high and more price increase will come so i you have 29 5 pieces i think you can earn high amount of bitcoin  you can pay for your monthly bill for power and hold your bitcoin for few months and sell it when the price of bitcoin is high so i think it will still profitable..

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July 03, 2016, 05:49:34 PM
 #3

Well i think its a good investment because the price of bitcoin right now is high and more price increase will come so i you have 29 5 pieces i think you can earn high amount of bitcoin  you can pay for your monthly bill for power and hold your bitcoin for few months and sell it when the price of bitcoin is high so i think it will still profitable..

thanks for your response. İ still dont know if i should wait to buy the miners because of the halving. Maybe they will be cheaper after that...

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July 03, 2016, 08:15:53 PM
 #4

Well i think its a good investment because the price of bitcoin right now is high and more price increase will come so i you have 29 5 pieces i think you can earn high amount of bitcoin  you can pay for your monthly bill for power and hold your bitcoin for few months and sell it when the price of bitcoin is high so i think it will still profitable..

thanks for your response. İ still dont know if i should wait to buy the miners because of the halving. Maybe they will be cheaper after that...

Im hoping the S9 cost comes down.
I'm running S7's with cheap ish electricity.
The cost of the S9 is IMHO way to high at the moment.

After the halving the price will either come down, or knowing they have the fastest commercially available miner wil just hold the price and cash in.

The B2 / B3 was a typical money maker, sell B2 with a delivery date a week ahead then release B3 available today for $100 more money.

Just sit and hope the price does come down.
Also hoping the S7 price stays high so I can eBay the S7's.
Not sure the S9 is quite stable just yet reading the thread on here.

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July 04, 2016, 02:36:37 AM
 #5

hi,
i have access to cheap electricity around 1 cent/kWh.
if i buy 5  s9 antminer do you think its a good investment ? What would you say ?

I would check math and make sure it's 1 cent/KWH as that is very very cheap.  Make sure all taxes/fees are included in it.  But if you have 1 cent/KWH you should be able to mine with even a S7 for quite a long time.    You would not need the newest efficiency miner at that price.

But again make sure your math is correct.  Also check how much electricity you have as not sure if very limited amount.  But if you have a decent amount of electricity at that price, and can handle heat/sound you have a very good investment opportunity obviously.
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July 04, 2016, 07:54:50 AM
 #6

With that power cost you can mine on old gear for a very long time and make a damn good profit, look into how much your profit is per month and use your earnings wisely and see how much your breakers can handle.














 

 

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July 04, 2016, 08:03:40 AM
 #7

It's pretty easy to figure this out yourself
1) look at this forum/aliexpress/ebay/reputed online sellers for new and used ASIC's... Look at the total price (including shipping and custom fees, don't forget PSU, cooling, shelving, cables, controllers,...)
2) look up the ASIC specs here https://en.bitcoin.it/wiki/Mining_hardware_comparison
3) enter your price, electricity rate, 1% pool fee, power draw, hashrate and a block reward of 12.5 here: http://www.coinwarz.com/calculators/bitcoin-mining-calculator
4) see if you can ROI in a reasonable timeframe

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July 04, 2016, 08:05:44 AM
 #8

Your electricity is very cheap so you can easily make profit with a S9 and you could even do it with older gear.
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July 04, 2016, 08:06:01 AM
 #9

It's pretty easy to figure this out yourself
1) look at this forum/aliexpress/ebay/reputed online sellers for new and used ASIC's... Look at the total price (including shipping and custom fees, don't forget PSU, cooling, shelving, cables, controllers,...)
2) look up the ASIC specs here https://en.bitcoin.it/wiki/Mining_hardware_comparison
3) enter your price, electricity rate, 1% pool fee, power draw, hashrate and a block reward of 12.5 here: http://www.coinwarz.com/calculators/bitcoin-mining-calculator
4) see if you can ROI in a reasonable timeframe
We all know calculators are mostly shit, they calculate the upcoming difficulty either way too high or not at all. Coinwarz is terrible at this, at 1 penny a kwh he is fine, no calc needed especially with an S7 even after the halvening.














 

 

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July 08, 2016, 06:41:56 AM
 #10

You electricity price will make it profitable to mine even after the halving in 2020. But just wait for the S9 price to drop before buying.


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July 08, 2016, 06:45:14 AM
 #11

you will eventually roi with an almost free electricity, but it may still take a long time, i suggest to mine for 3 months and sell them after that

those antminer depreciate very quickly...
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July 08, 2016, 04:08:54 PM
 #12

yes, it's very good investment. Antminer is using electricity for bitcoin mining and this task is similar of earning 300$ regularly with only 30$ loss. Also antminer 9 is the latest version and halving won't affect minig so much that antminer 9 will be usable.

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July 09, 2016, 07:19:05 AM
 #13

If i had electricity as cheap as that then i would jump at the chance to mine, you might still be better mining alts though if you dont have the hardware yet. If you can afford to get a few s9s then you will be in for a decent profit even if we dont get much of a price increase . Id double check as well to make sure that is the actual price your pying per kw because as a few have said it seems very very cheap. Where do you live out of curiosity? is this a commercial setup or a domestic setting?

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July 09, 2016, 07:28:36 AM
 #14

I would check math and make sure it's 1 cent/KWH as that is very very cheap.  Make sure all taxes/fees are included in it.  But if you have 1 cent/KWH you should be able to mine with even a S7 for quite a long time.    You would not need the newest efficiency miner at that price.

But again make sure your math is correct.  Also check how much electricity you have as not sure if very limited amount.  But if you have a decent amount of electricity at that price, and can handle heat/sound you have a very good investment opportunity obviously.

I would reiterate this again, Check your math!! Check your Math!! Check Your Math!!
If you really have .01 electricity you could mine with anything 1 generation old, IE S7, and make a profit.
The single largest cost for mining is electricity, after all mining is turning electricity into hashes, and you have close to the best cost possible.

But beware there is a lot to learn (Wallet, miner hardware, mining software, settings, pools, etc)
Start slow and make sure you have the basics down to you can make the most coin possible before you go all in.

I also agree the S9's are still a little expensive, an S7 will cost a lot less and give you something to work with.

As another thought, you may also want to look at alt coin mining.  With .01 electricity and a good GPU rig there is also profit to be had.
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July 09, 2016, 05:27:54 PM
 #15

There is no cheap electricity available and if yes why are you getting cheap let us know? If somebody say for cheap chances are that its a scam.
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July 09, 2016, 05:37:57 PM
 #16

I think its still not profitable because miners are increasing to so difficulty is increasing too
If you notice on the block chain here https://blockchain.info/charts/hash-rate
The hash rate are increased now and i think more and more miners are investing again to buy s9
The more the miners will come the more decrease of the revenue you will get if you are a starter..
But you can still mining if you can afford for your electricity or even a free dont spend your bitcoin and wait for price increase this year.. before you sell to make more profit..  for the present price you will only get few profit..

Or convert to altcoin mining to make profitable..

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July 09, 2016, 08:41:59 PM
 #17

Hi, I also have access to cheap electricity (right now it's 2$ per month) I'm in a low budget maybe buying a new s7, I'm new into this and would like you to give me some advice, how much money can I make per month with that s7? I'm a bit worried about the noise, so, putting it in a closed room would be enough? I have a/c in that room BTW. Ty in advance.
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July 09, 2016, 10:00:49 PM
 #18

Where abouts do you people live that are getting such cheap electricity? Do you live next to a hydro generating station? In my country no one has prices as low as a cent a kw or $2 a month.  The potential to earn profit with this cheap electricity is endless. You could literally outlay as much as you wanted on hardware and still be making profit for years.

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July 09, 2016, 10:27:14 PM
 #19

Where abouts do you people live that are getting such cheap electricity? Do you live next to a hydro generating station? In my country no one has prices as low as a cent a kw or $2 a month.  The potential to earn profit with this cheap electricity is endless. You could literally outlay as much as you wanted on hardware and still be making profit for years.

I live in Venezuela, I want to invest in this mining thing because of the cheap electricity and I see some people make good money out of this, I just would like some advice on getting started and maybe I can lend a hand to a bro in need, who knows.
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July 09, 2016, 10:48:18 PM
 #20

hi,
i have access to cheap electricity around 1 cent/kWh.
if i buy 5  s9 antminer do you think its a good investment ? What would you say ?

That's quite a good investment!
I'd suggesst that, provided your energy rates are not likely to change, then you should do it!

I'd even recommend trying asolo mining but with all ive miners which could be useful togenerate large profits, though connecting them to a pool and getting a constant payment may be better!

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