|
December 15, 2017, 05:11:10 AM |
|
It depends on how much it costs to produce a single S9.
If say a single S9 costs $300-$1,000 to produce, and sells for $3,000 to $5,000 antminer could still be running a very profitable enterprise. Not everyone is in a position to mine crypto. Tweaking settings and finding cheap sources of electricity isn't something that appeals to everyone. Antminer could well be making good money without venturing into the mining industry.
It may be also be said that a decent percentage of professional grade mining is state sanctioned or partly funded by governments. Some mining outfits in china are situated next to hydroelectric power plants, which produce electricity at cheaper rates than coal power. Access to things like hydroelectric plants may be due to miners having state level connections--and that may be what is needed to be a truly competitive, top notch, mining outfit these days.
|