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Author Topic: Is it worth buying a 180-200GH miner?  (Read 120 times)
Tpixelminer
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December 19, 2017, 02:12:38 AM
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I'm considering buying the Antminer S1 used on ebay for 99-120$. The S1 has 180-200GH and I think that this would be a good entry level miner. I do not pay for electricity so power consumption and efficiency are not factors in my decision to buy this miner. My only concern is that 180-200GH's is not powerful enough to actually output a significant profit. The mining caculators suggest that I should receive about 150-180$ per year but could this miner being slow prove some problems for me. Thanks!
-Todd
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kfactor
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December 19, 2017, 02:27:34 AM
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I'm considering buying the Antminer S1 used on ebay for 99-120$. The S1 has 180-200GH and I think that this would be a good entry level miner. I do not pay for electricity so power consumption and efficiency are not factors in my decision to buy this miner. My only concern is that 180-200GH's is not powerful enough to actually output a significant profit. The mining caculators suggest that I should receive about 150-180$ per year but could this miner being slow prove some problems for me. Thanks!
-Todd

If you're not paying for electricity, then anything you get is profit. But I would roll the dice on solo at that hash rate.
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December 19, 2017, 03:19:16 AM
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I'm considering buying the Antminer S1 used on ebay for 99-120$. The S1 has 180-200GH and I think that this would be a good entry level miner. I do not pay for electricity so power consumption and efficiency are not factors in my decision to buy this miner. My only concern is that 180-200GH's is not powerful enough to actually output a significant profit. The mining caculators suggest that I should receive about 150-180$ per year but could this miner being slow prove some problems for me. Thanks!
-Todd

Also that is a crap miner sold at a ridiculous price. I can't imagine it being worth more than its weight in scrap. You should be able to buy a S3 for that price. But no its not a problem per se, except reaching minimum payout from pools. Or a minuscule chance of finding a block solo.

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December 23, 2017, 04:23:33 PM
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Be careful of buying used miners. They sell for a reason
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December 23, 2017, 07:28:48 PM
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Given the average energy cost of such a miner, almost certainly not. Even if electricity was free, you would soon be making pennies as we head into 2018. If this was two years ago, I would say go for it, 200GH might even be considered a solid investment. At present, I say a 1TH miner is barely enough to profit on, ideally you want around 10TH to have some solid profits. Lets not forget, the top mining farms control several PH and there is no way this miner will ever be able to compete with them. I would also recommend not solo mining with anything less than 100TH as there is a very low chance of mining 1 BTC in an average week.

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