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Author Topic: Buying an Antminer S3+ in 2017. What do you think?  (Read 931 times)
Tpixelminer
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September 03, 2017, 01:12:41 PM
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I've been trying to get into the bitcoin mining world for some time now. I've looked at tons of different miners for more than half a year now. I originally considered an S5 but the cost of it has made me consider the S3+. I have free electricity in my apartment and I think that I'll end up with an S3+. I was just wondering if anybody thinks it could possibly be a bad idea to invest in an S3+ at this point in the bitcoin mining world. The S3+ has 450GH which would make 211$ a year worth of bitcoin.
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tubexc
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September 03, 2017, 06:02:57 PM
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My personal opinion is that if you do not want to spend a lot of money but have some hashpower
for some considerable time.
You should try to buy a box bitcoin miner like a Black Arrow, Antminer S2 or S4....
Because the other bitcoin miners like the S3 do not last very long and usually a hashing board burns due to high temperatures
leaving you with only one hashing board.
Happy Mining  Grin
Boneyg001
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September 03, 2017, 06:39:06 PM
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Trust me when I say this, the less than 1 dollar profit a day is not worth the trouble of the loud fan and having it heat up your house. Plus it's just wasting lot's of power even if it's not power you pay for. Best thing to do would be to try and maybe buy the Avalon 741 or antminer s7 since they are both under 1k and average time to earn it back would be 3-9 months depending on btc price. Plus the antminer s3 can only make 200/year at current prices.. if btc drops to 2k (was this price literally a little over a month ago so it's possible) then you wouldn't even be earning 200/year...
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September 03, 2017, 06:56:35 PM
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Trust me when I say this, the less than 1 dollar profit a day is not worth the trouble of the loud fan and having it heat up your house. Plus it's just wasting lot's of power even if it's not power you pay for. Best thing to do would be to try and maybe buy the Avalon 741 or antminer s7 since they are both under 1k and average time to earn it back would be 3-9 months depending on btc price. Plus the antminer s3 can only make 200/year at current prices.. if btc drops to 2k (was this price literally a little over a month ago so it's possible) then you wouldn't even be earning 200/year...

I think so too!

The best way is to wait until a new version comes out!

Save money, wait, wait, wait... and hit the Bitmain shop when a new miner comes. ;-)

Then simply decide whether you want to use the miner or sell it/them on eBay.

All the best

B.D. 
QuintLeo
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September 03, 2017, 08:19:06 PM
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I've been trying to get into the bitcoin mining world for some time now. I've looked at tons of different miners for more than half a year now. I originally considered an S5 but the cost of it has made me consider the S3+. I have free electricity in my apartment and I think that I'll end up with an S3+. I was just wondering if anybody thinks it could possibly be a bad idea to invest in an S3+ at this point in the bitcoin mining world. The S3+ has 450GH which would make 211$ a year worth of bitcoin.

 At CURRENT difficulty and Bitcoin price, you would pull in a little less than $10/month with that miner.

 On free electric, you're looking at years for it to pay off - but if you have free electric for the long term, it probably WOULD pay off eventually, the S3+ has a good reputation for reliability.

 I have no idea where that $211 a year figure is from, it's WAY HIGH based on current or most recent figures, unless you calculated it during the short-term dip when folks moved to BCH for a few days.

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November 08, 2017, 08:36:52 PM
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I just bought 4 S3+ for $100 total. Plan is to give a couple away for learning purposes as they are great for a start. I also intend to submerge one in oil, always wanted to try that  Grin
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