Worth investing in a Antminer R4?

[AkaSnake]

Hello guys, I'm willing to invest into getting an Antminer R4 quite soon, do you think it's worth it? I was looking on niceash and the profits/earnings per month are pretty great.

Any tips? If not the R4 then what else? Also can the R4 mine both Bitcoin and LiteCoin? Thank you!

Edit: I was also looking at  the AntMiner L3+ which seems to be really good profit wise to mine LiteCoin, I would like some recommendations from you guys please, thanks a lot again!

Edit #2: I'm thinking it might be more worthwhile to invest in an AntMiner L3+ and mine LiteCoin while the difficulty is not too high and I believe there is a chance that there will be a rise like it happened with BitCoin,
thoughts?


Update: Getting an Antminer R4 for 809.00 US Dollar this week, thoughts? Feel free to reply.

[Flep182]

At this point investing in mining equipment is a complete gamble. The market seems to be flooded with new machines, the one with a longer delivery term as the other.

Don't forget that difficulty will skyrocket with every new batch of miners hitting the market and going online.

R4, it can only mine Bitcoin (or other SHA256 coins). I'm wondering where you're able to buy one (or more), as I've been looking around to buy one or two of that model, as I want them to be in a home that has almost free electricity, but so far haven't been able to even find someone offering one

L3+ is interesting if you can get them right now or very soon, for a reasonable price, any "regular" order is again "hoping for the best".

Oh, and it's almost never worthwhile to mine Litecoin direct, it would be better to use a multipool that switches between coins to mine the one that's the most profitable.

[AkaSnake]

Thank you for your suggestions. Any other opinions are welcome too, I'm trying to get as much feedback as possible

So mining Bitcoin would be more efficient than mining Litcoin at this point? Then I could just trade some bitcoin for Litcoin?

[Flep182]

Thank you for your suggestions. Any other opinions are welcome too, I'm trying to get as much feedback as possible

So mining Bitcoin would be more efficient than mining Litcoin at this point? Then I could just trade some bitcoin for Litcoin?

Well, one could argue that the scrypt difficulty will go up quicker than for example SHA 256, as there's a huge load of miners about to hit the market in the next few months.

At this point I'm mainly looking for an R4 as they're silent. Well, "silent".

[veleten]

Hello guys, I'm willing to invest into getting an Antminer R4 quite soon, do you think it's worth it? I was looking on niceash and the profits/earnings per month are pretty great.

Any tips? If not the R4 then what else? Also can the R4 mine both Bitcoin and LiteCoin? Thank you!

Edit: I was also looking at  the AntMiner L3+ which seems to be really good profit wise to mine LiteCoin, I would like some recommendations from you guys please, thanks a lot again!

Edit #2: I'm thinking it might be more worthwhile to invest in an AntMiner L3+ and mine LiteCoin while the difficulty is not too high and I believe there is a chance that there will be a rise like it happened with BitCoin, thoughts?

you should take into account your power costs
R4 should be fine if yor energy costs are low,it is very quiet and more  reliable than r9,for example
it can only mine bitcoins or any other sha256 coin,whatever is the most profitable at a given point in time
before buying run every possible scenario using mining calculators
to answer your second question: litecoin mining (or other altcoins x11 or scrypt compatible) is more profitable at the moment
as for the sudden price peak,I would not be too optimistic as litecoins and almost every other coin's prices are connected to bitcoin price
there was an epic litecoin price spike from 2$ to 20$+ but that was long ago and unlikely to happen again

[jojo69]

I'm holding out until the new Nipponese 7nm node comes online.

We REALLY need commodity ASIC hardware to break up the current concentration of hashrate.

[AkaSnake]

I found someone where I live that I can get either a R4 or L3+ from.

I'm just trying to find out if it would be more profitable to main bitcoins with the R4 or get the L3 to mine litcoins.

Thoughts before I do anything?

Edit: Those two might be too pricey for me though, so I might go for the S7 or S9, would that be okay to mine bitcoins too?

Edit #2: I can get a R4 for $1000 canadian, I'm pretty sure ill go for it, what do you guys think?

The seller sent me this: https://i.imgur.com/6x0CAkm.jpg

Seems good?

[VRobb]

Looks like it's running good, if you can trust it's actually their unit's GUI.  And you'll LOVE your R4, it's the only current gen miner that you can be in the same room with and keep your hearing, have a conversation, even sleep... 

[NotFuzzyWarm]

I'm holding out until the new Nipponese 7nm node comes online.

We REALLY need commodity ASIC hardware to break up the current concentration of hashrate.

So not planning to mine for a few years then eh? I suggest you peruse the 7nm thread paying attention to what is not only said by folks who WORK IN THE SEMICONDUCTOR industry but also is documented in various semiconductor industry publications about where the current node sizes are at.

PR releases such as the GMO crap is just that - crap - and is only intended to attract more Investards. Frankly it sounds rather like Sonny from the long-defunct BFL found a new home with GMO...

[AkaSnake]

Looks like it's running good, if you can trust it's actually their unit's GUI.  And you'll LOVE your R4, it's the only current gen miner that you can be in the same room with and keep your hearing, have a conversation, even sleep... 

Damn that's awesome haha and yeah I'll make sure it's actually his unit's GUI.

[jojo69]

I'm holding out until the new Nipponese 7nm node comes online.

We REALLY need commodity ASIC hardware to break up the current concentration of hashrate.

So not planning to mine for a few years then eh? I suggest you peruse the 7nm thread paying attention to what is not only said by folks who WORK IN THE SEMICONDUCTOR industry but also is documented in various semiconductor industry publications about where the current node sizes are at.

PR releases such as the GMO crap is just that - crap - and is only intended to attract more Investards. Frankly it sounds rather like Sonny from the long-defunct BFL found a new home with GMO...

yeah, I hear that.

I know that none other than Intel has, again, delayed their 10nm node.  Its just that the last several bits of kit I have purchased I would have done better just buying the crypto at that time with the money.

[AkaSnake]

So from what I've read from you guys and the research I did I'm thinking I should really take the opportunity and go for the Antminer R4

Edit: What do you guys think, good move?

[Flep182]

So from what I've read from you guys and the research I did I'm thinking I should really take the opportunity and go for the Antminer R4

Edit: What do you guys think, good move?

If there's more than one on sale I'm very interested

[VRobb]

So from what I've read from you guys and the research I did I'm thinking I should really take the opportunity and go for the Antminer R4

Edit: What do you guys think, good move?

I did. 

[AkaSnake]

So from what I've read from you guys and the research I did I'm thinking I should really take the opportunity and go for the Antminer R4

Edit: What do you guys think, good move?

I did.  

What do you mean, you're currently using an Antminer R4?

So from what I've read from you guys and the research I did I'm thinking I should really take the opportunity and go for the Antminer R4

Edit: What do you guys think, good move?

If there's more than one on sale I'm very interested

Sadly he only has one R4

[radeone]

just depends on how cheap and how fast you can get it. if you dont pay for power or have a renewable source of electricity mileage may vary.

[AkaSnake]

just depends on how cheap and how fast you can get it. if you dont pay for power or have a renewable source of electricity mileage may vary.

I'm getting it this week, for 809.00 US Dollar.

[Flep182]

just depends on how cheap and how fast you can get it. if you dont pay for power or have a renewable source of electricity mileage may vary.

I'm getting it this week, for 809.00 US Dollar.

I'd offer you 900 USD for it, if you weren't keeping it

[AkaSnake]

just depends on how cheap and how fast you can get it. if you dont pay for power or have a renewable source of electricity mileage may vary.

I'm getting it this week, for 809.00 US Dollar.

I'd offer you 900 USD for it, if you weren't keeping it

Sorry Haha