Antminer S7 profit

[mohucool]

I am getting Antminer S7 in hosted mining setup with hardware cost 399usd and monthly electricity cost will be fixed 85USD, will it be profitable and after how much time I will get back my investment of USD 399.

Also if you can tell approximately how many years this setup can remain profitable 2 years, 3 years etc as difficulty is increasing and block rewards are decreasing constantly, also which other coins antminer s7 can mine beside bitcoin?

Thanks in advance 

[1714813391]

1714813391

[1714813391]

1714813391

[1714813391]

1714813391

[QuintLeo]

At that electric cost, profitablity on an S7 is very marginal NOW - and the odds are good it will be UNprofitable 2-3 months from now.

 The ONLY reason it is profitable NOW is that the BCH fork has caused some mining to move to that coin - if there was no BCH, BTC difficulty would be high enough NOW to make your S7 right at break-even.

 You need to find a better place to put your miner with MUCH lower electric cost, it's NOT going to make your money back at all as all of the income is going to be eaten up paying that electric bill.

[Mister1k]

At that electric cost, profitablity on an S7 is very marginal NOW - and the odds are good it will be UNprofitable 2-3 months from now.

 The ONLY reason it is profitable NOW is that the BCH fork has caused some mining to move to that coin - if there was no BCH, BTC difficulty would be high enough NOW to make your S7 right at break-even.

 You need to find a better place to put your miner with MUCH lower electric cost, it's NOT going to make your money back at all as all of the income is going to be eaten up paying that electric bill.

You need to have hash rate speed more than you have now to increase to profit range. If your still unhappy about the amount you earning via s7 miners you could buy a s9 to give a more profit as you expected. You have to be choosy to pick the right miner machine get the profit.

[mohucool]

Thanks,it means, I should not waste my time in mining and instead put that money to buy crypto.

[swogerino]

Thanks,it means, I should not waste my time in mining and instead put that money to buy crypto.

Not necessarily. It means that you have to collect just a bit more money and buy a S9. They sell for as low as 1300 dollars nowadays and with that fixed electricity this miner will be profitable for at least a few months. The trick here is to have this mine for you rather than buying cryptos as when you buy you pay a fee, when you mine it yourself you have a good natural feeling about it and the price of bitcoin may have rose during this time, so you can win much more with less bitcoin for only an investment of 85 dollars. It is all about the electricity, once you get it fixed like you say then it depends on the user intelligence and how open minded he is to be successful in mining.