Is it worth to mine with AntMiner S9 with 0.16$/kWh?

[dead__master]

Hi

Im thinking about buying one (or if it would be worth 2) AntMiner S9.
I live in a City where the average price per kWh is 0.16$ and what I heard is, that that is pretty high.. also I heard that a problem of the S9 is, that it breaks quickly.
So my question is, would it even be worth to get one or two S9 with a power cost of 0.16$ kWh? Or is this not profitable/ too risky?

With kind regards
Dead__Master

[leowonderful]

Nope. There is no way and even if there was ROI would be insanely long. At that electrical price you're better off not even thinking about mining anything. Even the best GPU coin might only net you a few cents in profit in the long term.

[BigBoom3599]

At current difficulty and bitcoin price you'd look at an ROI of about a year, however the difficulty will increase so you might never reach ROI. I don't think it's worth it...

[unholycactus]

The risk of having an obsolete S9 is greater than it breaking prematurely.
In other words, the network difficulty will rise and your 0.16$/kWh won't be good enough.
It won't take long, a few months at most.

[philipma1957]

Hi

Im thinking about buying one (or if it would be worth 2) AntMiner S9.
I live in a City where the average price per kWh is 0.16$ and what I heard is, that that is pretty high.. also I heard that a problem of the S9 is, that it breaks quickly.
So my question is, would it even be worth to get one or two S9 with a power cost of 0.16$ kWh? Or is this not profitable/ too risky?

With kind regards
Dead__Master

My guess is you,will earn .5 to .7 coins over the next 240 days you wil then need to sell the machine for 1 coin

That means 1.7 coin max.

[GreatNorthData]

We host S9s at 7 cents/kwh, minimum order is hosting 5 S9s. We can also source cheaper PSUs to help keep costs down.

[Zionatin]

At current difficulty and bitcoin price you'd look at an ROI of about a year, however the difficulty will increase so you might never reach ROI. I don't think it's worth it...

If the difficulty rises 2% every cycle, you will never ROI.

[QuintLeo]

Hi

Im thinking about buying one (or if it would be worth 2) AntMiner S9.
I live in a City where the average price per kWh is 0.16$

 You will almost definitely never earn back the cost of the S9 at THAT high of an electric cost.

 Even 8 cent per KWH is iffy on achieving ROI on the S9.

[JANGKRIK BOSS]

At current difficulty and bitcoin price you'd look at an ROI of about a year, however the difficulty will increase so you might never reach ROI. I don't think it's worth it...

Yes it looks like it, the price of electricity is 16 cents I think is very expensive, fortunately price bitcoin is already $1.000, although the price of the bitcoin $1.000 ideally to get 6 months RoI the electric price must under 10 cents.

[Zionatin]

At current difficulty and bitcoin price you'd look at an ROI of about a year, however the difficulty will increase so you might never reach ROI. I don't think it's worth it...

Yes it looks like it, the price of electricity is 16 cents I think is very expensive, fortunately price bitcoin is already $1.000, although the price of the bitcoin $1.000 ideally to get 6 months RoI the electric price must under 10 cents.

It is better to buy the bitcoin directly.

[klimpa]

Or buy Baikal miner. It only consumes 40W. And is highly profitable now.

[leowonderful]

Or buy Baikal miner. It only consumes 40W. And is highly profitable now.

It'll be marginally profitable and it does support multiple algorithms but it will take a long time for you to make anything decent from the miner. If you want the most bang from your buck from Baikal if you plan on getting one, get the Giant. Everything else from them is generally not worth it; the machines they make are quiet though.

[Amph]

Or buy Baikal miner. It only consumes 40W. And is highly profitable now.

profitability is reducing there, and with the 40w mini version, you are not looking at a good profit anyway, they produce something like $1 per day

the good thing is until the new miner for those algo come ou, you should be relatively safe, in oen year those things will be obsolete without doubt, aside form this the profit is already declining...