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Author Topic: Is Bitcoin Mining still profitable?  (Read 4192 times)
btcinfo
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February 14, 2017, 08:15:56 PM
 #1

As the subject, I would like to know if is it still profitable if we investigate on hardware to mine bitcoin at this moment. Thanks!
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February 14, 2017, 08:21:42 PM
 #2

As always, it depends on your electricity cost and hardware cost at your place.
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February 14, 2017, 09:27:22 PM
 #3

As the subject, I would like to know if is it still profitable if we investigate on hardware to mine bitcoin at this moment. Thanks!
it may not be profitable but it is a private way to buy Bitcoin.

Okay. The old man told me to take any rug in the house.
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February 15, 2017, 07:53:06 AM
 #4

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...
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February 15, 2017, 11:16:24 AM
 #5

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

seems you have very high kwH cost at your place
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February 15, 2017, 02:51:30 PM
 #6

Unless you're pretty damn rich, it's not profitable.  It takes ages to get back your initial investment even if you don't consider the rising cost of electricity. Obviously it is possible to make a profit from it, otherwise the Bitcoin community would be under a lot of pressure, but I wouldn't advise investing in it on your own.  Group purchases could be profitable if you really try.
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February 16, 2017, 08:00:59 AM
 #7

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

seems you have very high kwH cost at your place

yeah but even with 5 cent you are still looking for a very long roi time, you need to factor a 10% diff increase if not more

going small and buying one s9 for example doesn't make sense to me, making few satoshi and wait 1 year to recover the initial investment if ever

it's better to buy bitcoin and wait for the value to skyrocket, much easier
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February 16, 2017, 08:04:19 PM
 #8

As the subject, I would like to know if is it still profitable if we investigate on hardware to mine bitcoin at this moment. Thanks!

I think it is still profitable but it will take a long waiting before the return of investment be happen. And I think now is not a good time to invest it much better to buy and hold bitcoin.

,



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February 17, 2017, 07:35:32 AM
 #9

Currently I'm mining with 3 units of S5 and S7 2 units. When the price of the bitcoin under $900, 900-950 draw and more than $950. I haven't been lucky, but as the price of the bitcoin hit $1.000, I earn a profit. I think the main factor mining affecting is the bitcoin price and electricity cost.
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February 19, 2017, 01:43:04 PM
 #10

Its profitable if you are going to invest in the best mining rig with good hash rates and if you are living in a country which provides low electricity tariffs.

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February 19, 2017, 07:51:45 PM
 #11

What people usually forget is that they will need to run the miner for at least a year 24/7 for it to pay for itself. The equipment may get damaged in the process and with mining companies there's no warranty. If you have a fire in the house or someone breaks in and steals it you're done. There also other options like kids, animals, lightning, or just simple component failure. You could say these things are rare, but you aren't running one miner. Chances are one of them will fail and it will extend your ROI time by a couple months.


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February 21, 2017, 06:37:54 AM
 #12

Depending on the price of electricity, I recommend that if the price of electricity in the place you under 12 cents, then you can proceed to mining. remember the price of the bitcoin will reach $1.100 and this is a good moment for mining.
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February 24, 2017, 04:52:26 AM
 #13

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's. 
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February 26, 2017, 11:15:23 PM
 #14

As the subject, I would like to know if is it still profitable if we investigate on hardware to mine bitcoin at this moment. Thanks!

For a newbie like you? well, I guess its not profitable except if you have enough knowledge in mining rigs and enough fund to buy mining rigs that could be possible for for you to make profitable because it produce bitcoin profit. But if not, its not advisable for you to do it as a starting point. It is much better for you do some research, study, and learn about in bitcoin.

















































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February 27, 2017, 07:31:37 AM
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not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's.  

as i said in that post you need to invest big to make something significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto

and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....
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February 28, 2017, 02:22:01 PM
 #16

As the subject, I would like to know if is it still profitable if we investigate on hardware to mine bitcoin at this moment. Thanks!

If you are talking now, Bitcoin mining is profitable only if you have a mining rig of course.  But if you don't I think for an ordinary community in this industry it's not profitable in my part. Maybe I could some pool mining but not that as big profit I can get, I guess.

















































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February 28, 2017, 02:27:38 PM
 #17

As the subject, I would like to know if is it still profitable if we investigate on hardware to mine bitcoin at this moment. Thanks!
It all depends on electricity cost in your area,mining hard you choose and how big your farm is, if you are planning to mine with a single miner then it isn't worth but if you have good budget to setup a mining farm and electricity is cheaper then its profitable.


 
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February 28, 2017, 03:11:38 PM
 #18

As the subject, I would like to know if is it still profitable if we investigate on hardware to mine bitcoin at this moment. Thanks!
it may not be profitable but it is a private way to buy Bitcoin.

As the Dude abides...the best rate for purchasing bitcoin is with electricity...it also puts you in a different mindset than the day trading one does.

bitcoin mining is profitable

is owning an ATM profitable?

very few would do it if it wasn't...end of story.

naturally there is a complicated economy that dictates it's value...it's not just mining there's an entire world of non-mining bitcoin related stuff.

Last I checked if you have power that is 10 cents a kw/h or less...then btc mining can be profitable immediately with the proper equipment.

If your power costs more than 10 cents a kw/h then you have to wait for the price to go up or trade it in a different way, like for some shoes from your homie.

Obviously the farther you are from the 10 cent mark the faster you'll profit.

What else are you going to do with your money? Spend it on food or drugs or some short lived form of instant gratification?
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March 02, 2017, 11:45:54 PM
 #19

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's. 

as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto

and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....

I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.
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March 03, 2017, 05:55:06 AM
 #20

I understand the forum is to ask for help among other things. But this is the kind of question that for me is annoying and ridiculous. I can be answered only by your awareness of your own circumstances.
Stop being lazy and research about the technology, electricity costs, and do the math. You will have then the precise answer that applies to you.
Sorry about the rant, but I've seen the question so many times and I am tired of people that won't do their homework and just want help for all things
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March 03, 2017, 06:07:44 AM
 #21

As the subject, I would like to know if is it still profitable if we investigate on hardware to mine bitcoin at this moment. Thanks!
No , But it is possible that you can make some profit if you have Cheap electricity at your home and secondly you have cold cold climax  , because one of my friend already tried miner in ( in India ) but due to warm weather it got stopped to work .
So if you want to go for the miner you should check your recruitment and the atmosphere in which you live .
By the way , best of luck for your thinking to make money through mining .


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March 03, 2017, 07:00:27 AM
 #22

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's. 

as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto

and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....

I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.

it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more
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March 03, 2017, 07:18:42 AM
 #23

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's. 

as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto

and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....

I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.

it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more

What is x11, scrypt? I haven't mined with graphics card in years, is it actually profitable again?
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March 03, 2017, 07:22:54 AM
 #24

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's. 

as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto

and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....

I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.

it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more

What is x11, scrypt? I haven't mined with graphics card in years, is it actually profitable again?

x11 is an algorithm that can be mined by another type of asic, there are now x11 asic, in the past there were scrypt asic, but you should know about these

i have one x11 asic now in my home, it costed me 1.8 btc, but it can generate 0.01 a day with only 200 watt, much better than any antminer
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March 03, 2017, 07:31:06 AM
 #25

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's. 

as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto

and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....

I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.

it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more

What is x11, scrypt? I haven't mined with graphics card in years, is it actually profitable again?

x11 is an algorithm that can be mined by another type of asic, there are now x11 asic, in the past there were scrypt asic, but you should know about these

i have one x11 asic now in my home, it costed me 1.8 btc, but it can generate 0.01 a day with only 200 watt, much better than any antminer

There weren't even x11 asics a while ago, cool. Which one do you have?
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March 03, 2017, 07:34:06 AM
 #26

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's.  

as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto

and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....

I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.

it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more

What is x11, scrypt? I haven't mined with graphics card in years, is it actually profitable again?

x11 is an algorithm that can be mined by another type of asic, there are now x11 asic, in the past there were scrypt asic, but you should know about these

i have one x11 asic now in my home, it costed me 1.8 btc, but it can generate 0.01 a day with only 200 watt, much better than any antminer

There weren't even x11 asics a while ago, cool. Which one do you have?

yeah they are a new thing, from 2016 i think, dunno if there was one already in 2015 in production, i have the baikal a-900 giant

actually i hate asic, but this one isn't the same, because it can mine 6 different algorithm not like the ordinary asic that mine only 1
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March 03, 2017, 07:39:54 AM
 #27

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's. 

as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto

and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....

I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.

it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more

What is x11, scrypt? I haven't mined with graphics card in years, is it actually profitable again?

x11 is an algorithm that can be mined by another type of asic, there are now x11 asic, in the past there were scrypt asic, but you should know about these

i have one x11 asic now in my home, it costed me 1.8 btc, but it can generate 0.01 a day with only 200 watt, much better than any antminer

There weren't even x11 asics a while ago, cool. Which one do you have?

yeah they are a new thing, from 2016 i think, dunno if there was one already in 2015 in production, i have the baikal a-900 giant

actually i hate asic, but this one isn't the same, because it can mine 6 different algorithm not like the ordinary asic that mien only 1

I just looked it up, that thing is a beast! Although it does save a lot of money on power, it's a very expensive machine, much more than the Antminer S9. When I run the numbers, the ROI of this machine and the ROI of the S9 are very similar, somewhere near ~200 days for each.
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March 03, 2017, 07:59:58 AM
 #28

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's.  

as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto

and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....

I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.

it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more

What is x11, scrypt? I haven't mined with graphics card in years, is it actually profitable again?

x11 is an algorithm that can be mined by another type of asic, there are now x11 asic, in the past there were scrypt asic, but you should know about these

i have one x11 asic now in my home, it costed me 1.8 btc, but it can generate 0.01 a day with only 200 watt, much better than any antminer

There weren't even x11 asics a while ago, cool. Which one do you have?

yeah they are a new thing, from 2016 i think, dunno if there was one already in 2015 in production, i have the baikal a-900 giant

actually i hate asic, but this one isn't the same, because it can mine 6 different algorithm not like the ordinary asic that mien only 1

It looks like the Baikal X11 is far more profitable. 150 MH/s at 40w for only $299. That's very very profitable. Problem is I think they're either sold out everywhere or being resold for 2x their value.
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March 03, 2017, 08:24:46 AM
 #29

they are not the same

antminer s9 consume a lot 1400watt, this one only 200watt, yeah it's pricy, but the antminer s9 cost at least $1500 right? not talking about second hand stuff of course

the s9 produce only 0.0089, this 0.011, currently roi is 6 months maximum, since there is nothing more powerful it should last 6 months at least, there are high chance to hit roi with these things
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March 03, 2017, 08:36:09 AM
 #30

they are not the same

antminer s9 consume a lot 1400watt, this one only 200watt, yeah it's pricy, but the antminer s9 cost at least $1500 right? not talking about second hand stuff of course

the s9 produce only 0.0089, this 0.011, currently roi is 6 months maximum, since there is nothing more powerful it should last 6 months at least, there are high chance to hit roi with these things

S9: http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=13500&p=1323&pc=0.10&pf=0.00&d=440779902286.58900000&r=12.50000000&er=1276.38000000&hc=1450
Baikal: http://www.coinwarz.com/calculators/dash-mining-calculator/?h=900&p=217&pc=0.10&pf=0.00&d=112476.14930000&r=1.94005104&er=0.03273265&btcer=1276.46000000&hc=2500

They both have about a 6-7 month roi time. The Baikal sees much more profit, but most of it is eaten up by it's much more expensive price tag, thus they have around the same roi time.
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March 03, 2017, 08:45:46 AM
 #31

you can pay $1900 for one x11 asic, against $1450, $450 difference

still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
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March 03, 2017, 08:49:38 AM
 #32

you can pay $1900 for one x11 asic, against $1450, $450 difference

still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me

Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.
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March 03, 2017, 11:20:01 AM
 #33

you can pay $1900 for one x11 asic, against $1450, $450 difference

still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me

Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.

you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum
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March 07, 2017, 08:57:07 AM
 #34

you can pay $1900 for one x11 asic, against $1450, $450 difference

still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me

Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.

you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum

1900$ for baikal a-900 is awesome,wonder how much do they charge for shipping to europe
look at the dash prices now,if the trend continues one could achieve ROI in less than 4-5 months
besides, s9 can only mine bitcoins while baikal can mine a plethora of coins and consumes much less energy

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March 08, 2017, 07:35:01 AM
 #35

you can pay $1900 for one x11 asic, against $1450, $450 difference

still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me

Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.

you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum

1900$ for baikal a-900 is awesome,wonder how much do they charge for shipping to europe
look at the dash prices now,if the trend continues one could achieve ROI in less than 4-5 months
besides, s9 can only mine bitcoins while baikal can mine a plethora of coins and consumes much less energy

they charged to me $97, which is too much because i had to pay for the customs an additional 50 euro, very annoying

i'm asking if for the next order they can write a value of 45 euro which is the one that can avoid the customs here
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March 08, 2017, 12:24:06 PM
 #36

you can pay $1900 for one x11 asic, against $1450, $450 difference

still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me

Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.

you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum

1900$ for baikal a-900 is awesome,wonder how much do they charge for shipping to europe
look at the dash prices now,if the trend continues one could achieve ROI in less than 4-5 months
besides, s9 can only mine bitcoins while baikal can mine a plethora of coins and consumes much less energy

they charged to me $97, which is too much because i had to pay for the customs an additional 50 euro, very annoying

i'm asking if for the next order they can write a value of 45 euro which is the one that can avoid the customs here

don't play with fire,the value is there for a reason:the customs could just "lose" your items and happily compensate you with the 45 euro listed value
I don't know what country you live in,but this happened to friends of mine alot (they have business with China and send-recieve different goods)
so make sure you know what are you doing and calculate the risks involved
sometimes it is better to pay extra than to be left cursing the corrupt customs

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March 09, 2017, 08:38:40 AM
 #37


There weren't even x11 asics a while ago, cool. Which one do you have?

 The first ASIC for X11 was introduced close to a year ago on a 55nm process.
 The second was introduced 2-3 months later on a 40nm process, and was noticeably but not hugely more efficient.
 The third (Baikal) was introduced shortly thereafter on a 28nm process and is quite a bit more efficient - and also supports multiple algorythms (X11, X13, X15, Groesti, and I think 1 or 2 more).

 I *believe* all 3 are still profitable if your electric cost is low enough, but you'd have to have FREE electric to make a profit at all from X11 mining on a GPU any more, and I'm not sure if anything BUT the Baikal has a reasonable chance at achieving ROI if you don't already own one.


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Amph
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March 10, 2017, 06:37:04 AM
 #38

you can pay $1900 for one x11 asic, against $1450, $450 difference

still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me

Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.

you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum

1900$ for baikal a-900 is awesome,wonder how much do they charge for shipping to europe
look at the dash prices now,if the trend continues one could achieve ROI in less than 4-5 months
besides, s9 can only mine bitcoins while baikal can mine a plethora of coins and consumes much less energy

they charged to me $97, which is too much because i had to pay for the customs an additional 50 euro, very annoying

i'm asking if for the next order they can write a value of 45 euro which is the one that can avoid the customs here

don't play with fire,the value is there for a reason:the customs could just "lose" your items and happily compensate you with the 45 euro listed value
I don't know what country you live in,but this happened to friends of mine alot (they have business with China and send-recieve different goods)
so make sure you know what are you doing and calculate the risks involved
sometimes it is better to pay extra than to be left cursing the corrupt customs

to do this they need to know how much the thing is worth, i don't think thye have any clue about its real value, you can even put $20 and they would pass it

despite this it's all tracked with UPS, if the package stop at the customs they cannot simply say that it was lost....
veleten
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March 11, 2017, 01:33:16 AM
 #39

you can pay $1900 for one x11 asic, against $1450, $450 difference

still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me

Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.

you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum

1900$ for baikal a-900 is awesome,wonder how much do they charge for shipping to europe
look at the dash prices now,if the trend continues one could achieve ROI in less than 4-5 months
besides, s9 can only mine bitcoins while baikal can mine a plethora of coins and consumes much less energy

they charged to me $97, which is too much because i had to pay for the customs an additional 50 euro, very annoying

i'm asking if for the next order they can write a value of 45 euro which is the one that can avoid the customs here

don't play with fire,the value is there for a reason:the customs could just "lose" your items and happily compensate you with the 45 euro listed value
I don't know what country you live in,but this happened to friends of mine alot (they have business with China and send-recieve different goods)
so make sure you know what are you doing and calculate the risks involved
sometimes it is better to pay extra than to be left cursing the corrupt customs

to do this they need to know how much the thing is worth, i don't think thye have any clue about its real value, you can even put $20 and they would pass it

despite this it's all tracked with UPS, if the package stop at the customs they cannot simply say that it was lost....

well,once again it depends on the country you live in
I know for sure that my friends had lots of headache and yes,the customs just lose it or say they have lost
and then they make you write a ton of documents and in the end you get the value of the parcel i.e. 45 euros in your case
maybe it is different at where you live,but be warned that this shit happens and happens too often

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March 11, 2017, 02:40:02 AM
 #40

i'm asking if for the next order they can write a value of 45 euro which is the one that can avoid the customs here

Asking a company to do something illegal to save you a few bucks is probably not the best way to go. Recommending people do illegal things on the forum is not smart either.

Stop buying industrial miners, running them at home, and then complaining about the noise.
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March 11, 2017, 03:24:40 AM
 #41

there will be too many calculation for starting bitcoin mining and you will need big budget to start because as the difficulty of bitcoin is increased, we should thinking about the electricity that we should pay in monthly, what hardware we want to use, how much hardware we can buy with our money, how long we can get ROI, is it worth for us to starting bitcoin mining and else.

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March 11, 2017, 09:00:48 AM
 #42

yeah Alot of Profit

i have many things dear if u wanna work as a team without any charges

WE ARE HIRRING DIFFERENT THINGS.
WE HAVE DIFFERENT WORKS.

so Join On Skype: IRFAN_MASTER2014

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March 12, 2017, 04:18:05 AM
 #43



to do this they need to know how much the thing is worth, i don't think thye have any clue about its real value, you can even put $20 and they would pass it

despite this it's all tracked with UPS, if the package stop at the customs they cannot simply say that it was lost....

well,once again it depends on the country you live in
I know for sure that my friends had lots of headache and yes,the customs just lose it or say they have lost
and then they make you write a ton of documents and in the end you get the value of the parcel i.e. 45 euros in your case
maybe it is different at where you live,but be warned that this shit happens and happens too often
I know in some countries this takes place. Even in the Eurozone. UPS, FedEx, DHL, Mail... all are targets by shady customs agents. It doesn't matter the value on the package. I used to ship worldwide until I had a package show up in Italy that was opened and empty when the mail carrier delivered it. He made her sign for the empty box and reported it as delivered. Fortunately I had purchased insurance on it. Packages to Brazil, Chile, Peru, and Mexico are routinely "Lost" in customs. We send gifts to my wife's family in Ukraine from time to time, about half arrive to the destination. The others are mysteriously lost.

If it's going to Joe Blow End User and not someone with connections or power. It's fair game in lots of countries.

I finally quit shipping product internationally because of all the theft.
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March 12, 2017, 11:36:04 AM
 #44

there will be too many calculation for starting bitcoin mining and you will need big budget to start because as the difficulty of bitcoin is increased, we should thinking about the electricity that we should pay in monthly, what hardware we want to use, how much hardware we can buy with our money, how long we can get ROI, is it worth for us to starting bitcoin mining and else.
Yep.  You need to think a lot about how long it will be until you can get ROI and how long you can continue to get ROI.  Going as we are, the next halving in a few years might stop you making profits anymore, so you need to be a bit self-aware because this will not just constantly make you money for a long time.
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March 12, 2017, 08:02:22 PM
 #45

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's.  

as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto

and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....

I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.

it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more
Well the net profit and return on investment are pretty directly linked - you can't just invest next to nothing and expect to get a decent ROI.

I'd say that the key factors of whether mining is profitable or not are:

1. Your electricity costs.  Unfortunately, if you only have a small amount of money and are looking for 1-3 miners, you probably won't make any profit unless you are lucky enough to live in an area with cheap electricity.  Sometimes electricity costs can even exceed the revenue from your miners.  The only solution to this, if you're in it for the long run, is solar power but this will add a new level of risk to your mining.

2. Where you get your miners.  Bitmain is capable of being so profitable because not only do they sell miners, they own thousands of them and mine themselves.  Obviously you can't do this, but you can buy second hand and use other ways of attempting to get cheap miners.

3. Future difficulty.  In this case, you're at a fairly good point because you know that your profits will remain not consistent but nearly consistent for the next four years until the next halving.

In any case, mining is a risky venture and doing it on too small a budget, especially in an area with high electricity costs, is probably not a good idea.
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March 16, 2017, 02:58:41 AM
 #46

not worth the investment unless you can go very  big, it's centralized as it get and not casual anymore

for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time

we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...

Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's.  

as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto

and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....

I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.

it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more
Well the net profit and return on investment are pretty directly linked - you can't just invest next to nothing and expect to get a decent ROI.

I'd say that the key factors of whether mining is profitable or not are:

1. Your electricity costs.  Unfortunately, if you only have a small amount of money and are looking for 1-3 miners, you probably won't make any profit unless you are lucky enough to live in an area with cheap electricity.  Sometimes electricity costs can even exceed the revenue from your miners.  The only solution to this, if you're in it for the long run, is solar power but this will add a new level of risk to your mining.

2. Where you get your miners.  Bitmain is capable of being so profitable because not only do they sell miners, they own thousands of them and mine themselves.  Obviously you can't do this, but you can buy second hand and use other ways of attempting to get cheap miners.

3. Future difficulty.  In this case, you're at a fairly good point because you know that your profits will remain not consistent but nearly consistent for the next four years until the next halving.

In any case, mining is a risky venture and doing it on too small a budget, especially in an area with high electricity costs, is probably not a good idea.
I think the things that make mining unprofitable is the level of difficulty, when the price reaches $900, I'm very optimistic for continued mining with S5, but I tried about 2 months and stopped because I lost. You are right, a lot of things and considerations that must be prepared before to mining.
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March 17, 2017, 05:46:11 PM
 #47

The things that makes bitcoin mining unprofitable is also how much it will take for you to stay profitable, I mean you can make $700 per month with it but for how long? It will keep decreasing every single day and one day it will hit zero.

Will you be able to recover your investment until than? Will you make enough to say it was a good investment? That is the hard question that no one knows.


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BTC  ◉PLAY  ◉XMR  ◉DOGE  ◉BCH  ◉STRAT  ◉ETH  ◉GAS  ◉LTC  ◉DASH  ◉PPC
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✔️DICE           
✔️BLACKJACK
✔️PLINKO
✔️VIDEO POKER
✔️ROULETTE     
✔️LOTTO
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