Are S5+'s even worth it anymore

[lippsman]

Using Bitcoineval.com Profitability Evaluation website it claims I actually will lose money on them with an electric cost of .09.  According to the calculations it's only worth it with a cost of .06 now

Could this be correct ? I must be doing something wrong, if not I just torched some cash.

Thanks

[1714730258]

1714730258

[mindrust]

They are worth nothing unless you have free electric. If not, like you have calculated, don't waste any money on them. Their worth is literally "zero", unless you are able to build some other thing from its components.

If you bought of those, yes you burned your money.

[lippsman]

Great, just great.  Guess it's time to buy a couple of S'9s.  Do you even thing that they are worth it now.

Thanks

[franky1]

that calculator is soooo "fail" it deserves a face palm award..

lesson one.. difficulty changes, hashrate competition changes..

meaning if something says you earn 0.001 a week, it SHOULD NEVER show 0.052 after a year(52 weeks)
or using the default example of the site
0.009743 SHOULD NEVER be 0.508019 after a year

as thats stupid maths of 0.009743 * 52 (no concept of difficulty or hash competition, or blind luck)

where as better and more reliable calculators also include a sliding decrease of earnings based on a 5-10% drop per fourtnight
which i just calculated at a drop of income per 5% increase of difficulty.
starts at
week1: total earnings: 0.009743
week52: total earned: 0.28702095

though 0.28702095 is no where near 0.508019, it atleast is more realistic estimate of earnings after a year just taking in a 5% variation per fortnight

[lippsman]

You are correct, most don't figure in the difficulty rate going up which keeps happening. The better ones are telling my a S9 with my electric rate of .09 won't really be worth it in a few months or so.

[lippsman]

Well maybe worth it, but who knows.  Just seems like a crap shoot somewhat now

[QuintLeo]

Using Bitcoineval.com Profitability Evaluation website it claims I actually will lose money on them with an electric cost of .09.  According to the calculations it's only worth it with a cost of .06 now

Could this be correct ? I must be doing something wrong, if not I just torched some cash.

Thanks

 They ARE unprofitable at that high of electric cost, just checked using current stats and RIGHT NOW they are break-even at appx. 5.2 c/KWH - folks like me in VERY VERY CHEAP electric areas with rates less than that are still making money off them, but not by a lot.
 At 9c/KWH you're burning almost twice as much in electric cost as those miners are managing to make in Bitcoin mined value.

 An S9 should stay profitable for quite a while, even at 9c/KWH - just not VERY profitable - as diff increases are quite slow at this point and Bitcoin price seems to be recovering slowly from the recent exchange hack/theft.

[lippsman]

Using Bitcoineval.com Profitability Evaluation website it claims I actually will lose money on them with an electric cost of .09.  According to the calculations it's only worth it with a cost of .06 now

Could this be correct ? I must be doing something wrong, if not I just torched some cash.

Thanks

 They ARE unprofitable at that high of electric cost, just checked using current stats and RIGHT NOW they are break-even at appx. 5.2 c/KWH - folks like me in VERY VERY CHEAP electric areas with rates less than that are still making money off them, but not by a lot.
 At 9c/KWH you're burning almost twice as much in electric cost as those miners are managing to make in Bitcoin mined value.

 An S9 should stay profitable for quite a while, even at 9c/KWH - just not VERY profitable - as diff increases are quite slow at this point and Bitcoin price seems to be recovering slowly from the recent exchange hack/theft.

Thanks for the input.  I don't think any state in the US is cheap enough to run an S5+ anymore.

[QuintLeo]

It's not "by state" as utility companies don't cover entire states.
It's SOMETIMES "by country" as some counties only have a "County PUD" covering them - rarely one will cover 2 or 3 adjacent counties as a while in sparcely populated areas.

 There are a FEW counties in the US with utility rates in the under 5c/KWH range, but all of them seem to be in Central Washington state unless you're an INDUSTRIAL scale user - and not many more places even for INDUSTRIAL level electric using facilities.

 Industrial also varies - some places as low as 500KW can get you to Industrial level rates, some it's multi-MEGAwatt.

[philipma1957]

there are some spot setups here and there with cheap power.

An office  that is too cold due to ac  may use a space heater year round.

so that could run an s-5 down clocked since you were going to run a heater anyway.

[alh]

Assuming the title is accurate, it is an S5+, not just a plain S5. As I recall that is the "Triple wide S5" package with different boards and a heatsink setup more like the S7 and S9.

While it was a smidge more efficient than the original S5, it's still too costly to run at $.09/KWh.

Just like like the SP20 and original S5, the S5+ is a "cheap electricity only" class of miner at the current BTC price.

[leowonderful]

The s5+ was pretty much like the supposed S3++, where the design was slightly modified to allow for slightly less power use. I actually am waiting for a S3++ from Aliexpress that I ordered just last week; just curious to tinker with it and see how it works. I actually considered getting one because of my low electricity cost, but it's not a good choice for even those with cheap electricity, as it's pretty loud.

[eaLiTy]

considering the price and the difficulty level i dont think so it would be wise to invest in s5+, i dont know the different disadvantages of S5+ i am sure it wont be a silent machine and more over i dont think it is profitable if you are planning to mine in your basement. If you are able to aquire it at a discounted price then it is fine,but what i see in their site it is priced above two thousand dollars and you could barely earn thousand five hundred dollars a year.

[lippsman]

considering the price and the difficulty level i dont think so it would be wise to invest in s5+, i dont know the different disadvantages of S5+ i am sure it wont be a silent machine and more over i dont think it is profitable if you are planning to mine in your basement. If you are able to aquire it at a discounted price then it is fine,but what i see in their site it is priced above two thousand dollars and you could barely earn thousand five hundred dollars a year.

I would have to send it off somewhere, as I said before my electric is .09.  I even inquired with a Data center in Canada and they said even with their cost I would most likely be under water with it.  I have two S5+'s anchors to dump now.

[leowonderful]

considering the price and the difficulty level i dont think so it would be wise to invest in s5+, i dont know the different disadvantages of S5+ i am sure it wont be a silent machine and more over i dont think it is profitable if you are planning to mine in your basement. If you are able to aquire it at a discounted price then it is fine,but what i see in their site it is priced above two thousand dollars and you could barely earn thousand five hundred dollars a year.

I would have to send it off somewhere, as I said before my electric is .09.  I even inquired with a Data center in Canada and they said even with their cost I would most likely be under water with it.  I have two S5+'s anchors to dump now.

They're just too inefficient to use effectively nowadays. S5+s can be sold for quite a lot just because of their hashrate, though, so you have one thing going for you if you plan on selling it the miner's huge, though, so watch the shipping price and where you're sending it to if you plan on selling the miner. You could get a pretty decent price for them.