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Author Topic: Current profitability/viability of bitcoin mining  (Read 181 times)
ActualSamatic
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November 23, 2017, 05:51:52 PM
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Hello everyone, this is my first post on this forum and it'll be brief, but I'll just start by saying that I'm quite new to not just the mining scene, but bitcoin itself. I've been having a constant mental debate with myself for about two weeks now wondering whether or not I should invest in mining. I've already invested $300 into raw bitcoin because it seems to have a surprisingly bright future ahead of it, but the price of a good miner and PSU is obviously a couple steps above that. The miner I've been looking at is the Antminer s9, no shock there, and my options for purchasing it are either ~$1600 for the miner + PSU with shipping delayed until January, or ~$1800 for the same thing from a resale website with shipping in very early December. My true question here is whether or not investing in the s9 right now is a good idea with the current price of bitcoin, and what my profitability will look like (power cost should be around $120 per month based on calculations, and the raw profit is estimated around $440 per month, but I want to make sure that these numbers are actually accurate). Thanks to those of you who took the time to read this, any help is extremely appreciated!

TL;DR: What kind of profitability would i see with an antminer s9 currently, and is it worth investing in? (Power cost = $0.12, estimated cost per month = ~$120)
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November 23, 2017, 07:50:34 PM
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You generally ROI on your miners within a year.
However, Bitcoin value is very volatile and so is the network difficulty. These are two very important parameters to profitability in mining. They are hard to estimate making the operation risky.

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