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Author Topic: Considering mining  (Read 421 times)
TheTerrible
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May 30, 2017, 08:07:34 AM
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Hello
I would like to start mining, and I was considering buying BITMAIN Antminer T9.
Do you think it's good investment? I'm not looking to get rich, just a montly bonus to my salery...
Power cost is 0.08$ kWh in my country

Any advice would be great, thank you

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ktabb
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May 30, 2017, 12:50:09 PM
 #2

Hello
I would like to start mining, and I was considering buying BITMAIN Antminer T9.
Do you think it's good investment? I'm not looking to get rich, just a montly bonus to my salery...
Power cost is 0.08$ kWh in my country

Any advice would be great, thank you

I was thinking about mining a while back, but I think Bitcoin itself may be a better investment than Bitcoin mining equipment. All that being said, I would wait for a correction in price to buy either. I think Bitcoin is in a bubble right now but we'll see.

mocacinno
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May 30, 2017, 12:53:22 PM
 #3

Hello
I would like to start mining, and I was considering buying BITMAIN Antminer T9.
Do you think it's good investment? I'm not looking to get rich, just a montly bonus to my salery...
Power cost is 0.08$ kWh in my country

Any advice would be great, thank you
T9 cost = 1,250 USD (plus S&H + customs)
T9 hashrate = 12,5 Th/s
T9 power draw = 1686 Watt
Your electricity rate = 8 cent/Kwu

http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=12500&p=1686&pc=0.08&pf=1&d=595921917085.41600000&r=12.50000000&er=2530.11820000&hc=1250

At this moment (current diff, exhange rate and block reward), it'll take you 126 days to break even... BUT:
- the diff changes every 2 weeks (usually, it goes up, but not allways)
- the price BTC fluctuates
- the block reward will halve in a couple of years
- no "extra's" were included in the price (shipping, handling, customs fees, shelves, cooling, network, cabling,...)
- bitmain is known to have "less than perfect" customer support... They have 3 months factory warrantee, and have been suspected of selling used miners, broken miners,... Or simply not honoring their very short warrantee period at all)

TheTerrible
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June 02, 2017, 02:10:42 PM
 #4

Hello
I would like to start mining, and I was considering buying BITMAIN Antminer T9.
Do you think it's good investment? I'm not looking to get rich, just a montly bonus to my salery...
Power cost is 0.08$ kWh in my country

Any advice would be great, thank you
T9 cost = 1,250 USD (plus S&H + customs)
T9 hashrate = 12,5 Th/s
T9 power draw = 1686 Watt
Your electricity rate = 8 cent/Kwu

http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=12500&p=1686&pc=0.08&pf=1&d=595921917085.41600000&r=12.50000000&er=2530.11820000&hc=1250

At this moment (current diff, exhange rate and block reward), it'll take you 126 days to break even... BUT:
- the diff changes every 2 weeks (usually, it goes up, but not allways)
- the price BTC fluctuates
- the block reward will halve in a couple of years
- no "extra's" were included in the price (shipping, handling, customs fees, shelves, cooling, network, cabling,...)
- bitmain is known to have "less than perfect" customer support... They have 3 months factory warrantee, and have been suspected of selling used miners, broken miners,... Or simply not honoring their very short warrantee period at all)

Many thanks, oh the Wise one Smiley
Seriously, the information that you have given me are really more than helpful. I had no idea that bitmain is having that reputation...
Once again, thank you

WhyFuture.com ▄▀ LET'S THINK ABOUT THE FUTURE
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