The Antminer S17 Pro: Is it worth buying?

[cybersofts]

The Antminer S17 Pro comes out in two different versions; The Antminer S17 Pro version - the miner that produce ~ 50TH/s hashing power and The Antminer S17 Pro version - the one that produce up to ~ 53TH/s.

There prices varies based on their hashing power:

1. Antminer S17 Pro (53 th/s)
€2.726,- VAT excl.
€3.299,- VAT incl.

2. Antminer S17 Pro (50 th/s)
€2.479,- VAT excl.
€2.999,- VAT incl

Up to 62TH/s max power in turbo mode!

Do you think the latest Antminer S17 Pro is worth buying in this market conditions and mining difficulty? Considering the hardware cost and also the cost of electricity.

[1714820069]

1714820069

[mindrust]

Depends.

You didn't mention your electricity cost. They make too much noise too. Do you have a warehouse to store those devices?

And more importantly  how many of them are you willing to purchase? Buying 1 or 2 doesn't make much sense. If that's what you are thinking, it is probably better to just buy bitcoins with that money.

Actually it is almost always a better choice to buy bitcoin.

Miners can become faulty before reaching their ROI. Too much risk.

[BitBustah]

My opinion is that unless you have free electricity its not worth buying any of these ASICS.  The ROI time on this is years and it will most keep increasing as the difficulty continually rises.  Even if you expect coins to rise in price you will be better off just buying coins instead of mining hardware.  At the end of its lifespan you will end up with a worthless brick.

[cybersofts]

At the end of its lifespan you will end up with a worthless brick.

Lol... A worthless brick? No. I think in a year or two I can make my initial investment back but the problem is the cost of maintenance and the power cost. The time and effort to be put together, I don't know if they're all worth it!

[mindrust]

At the end of its lifespan you will end up with a worthless brick.

Lol... A worthless brick? No. I think in a year or two I can make my initial investment back but the problem is the cost of maintenance and the power cost. The time and effort to be put together, I don't know if they're all worth it!

Bitbustah is right. It will be worthless in 2-3 years.

You also gave the best answer to your problem.

When you add up all those problems, it is clearly a better idea to buy bitcoin instead. The only scenario where it is a better idea to buy miners is if you have either free or near free electricity. If you are going to pay the regular rates which is around $0.08-0.012 (depending on where you live), forget about it.

By purchasing those miners you are only helping bitmain to make more money. That's unless you have free electricity of course.

[joseph32]

It will be worthless much faster. Expect a massive pricedrop after a few months. A year later they are even worthless on Ebay, so they will have no resale value. This means Bitcoin have to jump massively in price to earn some money here, which wont really happen that fast.

Buying Asics is a high risk and gambling. Also they are noisy as hell, hold that in mind!

If you want to invest, buy BTC, LTC, ETH instead and enjoy your profit soon.

[Indamuck]

What they are saying is that Asic miners will have very little resale value compared to GPUs. ASICS are made for one thing while GPUS are used by gamers/ miners/ animators.  Buying gpus is a lot less risky because the demand is much higher.

[Harai Goshi]

It will be worthless much faster. Expect a massive pricedrop after a few months. A year later they are even worthless on Ebay, so they will have no resale value. This means Bitcoin have to jump massively in price to earn some money here, which wont really happen that fast.

Buying Asics is a high risk and gambling. Also they are noisy as hell, hold that in mind!

Other problem with ASICs...they just arent any fun at all.  You plug them in, point them at a pool and then....well, that's basically all you do with them other than cleaning them every so often or maybe replacing a fan.  No spontaneous software conflicts to deal with, no optimization tweaking, no algo switching, etc.  Different people mine for different reasons.  Immediate/medium/long term profits, supporting the ecosystem, whatever.  For me it's basically just a great big video game I had to build a massive computer network to play.

I have 20 GPU rigs across three different locations (electricity deals).  One of those rigs rotates to my home office every week so I can do maintenance, tinker with settings, decide what algo it's going to be on, etc.  I know what cards are in each of them, etc.  Hell, I even gave them all names instead of numbers (Autobots = Nvidia, Decepticons = AMD =D) because for some goofy reason it's easier for me to keep track of them in my head.  Rig one means nothing...but Optimus Prime is memorable!

I have two z9 minis.  They just run, I never even look at them.  To be completely honest, off the top of my head I couldn't even tell you where they are.

[joseph32]

It will be worthless much faster. Expect a massive pricedrop after a few months. A year later they are even worthless on Ebay, so they will have no resale value. This means Bitcoin have to jump massively in price to earn some money here, which wont really happen that fast.

Buying Asics is a high risk and gambling. Also they are noisy as hell, hold that in mind!

Other problem with ASICs...they just arent any fun at all.  You plug them in, point them at a pool and then....well, that's basically all you do with them other than cleaning them every so often or maybe replacing a fan.  No spontaneous software conflicts to deal with, no optimization tweaking, no algo switching, etc.  Different people mine for different reasons.  Immediate/medium/long term profits, supporting the ecosystem, whatever.  For me it's basically just a great big video game I had to build a massive computer network to play.

I have 20 GPU rigs across three different locations (electricity deals).  One of those rigs rotates to my home office every week so I can do maintenance, tinker with settings, decide what algo it's going to be on, etc.  I know what cards are in each of them, etc.  Hell, I even gave them all names instead of numbers (Autobots = Nvidia, Decepticons = AMD =D) because for some goofy reason it's easier for me to keep track of them in my head.  Rig one means nothing...but Optimus Prime is memorable!

I have two z9 minis.  They just run, I never even look at them.  To be completely honest, off the top of my head I couldn't even tell you where they are.

This is true! Zero fun with Asics, Zero learning with Asics... With GPU's you have something to do every single day.

[philipma1957]

Yes and no or as someone else said (mindrust) it depends.

For me no buying these I am subject to the trump tax of 27.6% far worse then vat tax it prices me out of buying the gear.

If I had my setup in Canada  it would be worth it. Tax would be 5%  not 27.6%

My deal is spilt coins with my power/host location.

So 2 s17s = 1 s17 for free 62 th  would earn earn both units in 438 days.

I have 22 s9's at full power
I have  8 m10's
I have  4 s7ln's
I have  2 A721's
I have  1 a921
I have  1 m20
I have  1 t2turbo

this is about 680th  of which 340th is mine at no power cost.

so adding some s17's  and dropping the s9's down to lower hash rates would work if not for the damn trump tax.

There is a big correlation Hash rate peaked in oct 2018  trump tax started late sept 2018.

that 27.6%  killed off USA purchases of gear bigly.

[cybersofts]

Sometimes, I see buying those expensive mining hardwares as a form of insurance. Buying bitcoin or some altcoins don't always pay off and sometimes you might even make some huge profits from bitcoin or altcoins but you may endup wasting the money on some bullshit! It happened to me April 2018, God!

[shotgun1969]

Sometimes, I see buying those expensive mining hardwares as a form of insurance. Buying bitcoin or some altcoins don't always pay off and sometimes you might even make some huge profits from bitcoin or altcoins but you may endup wasting the money on some bullshit! It happened to me April 2018, God!

for that price tag you can buy a whole bunch of s9 and t9+ on ebay and amazon.   i think there price is to high for what they are offering.

[starkovblue]

There is a stir for this reason the price is too high. I would still be looking for cheaper options at the moment.
This is how to choose between BMW and Toyota. I would take a few used Toyota than one BMW. But there are who would do the opposite.

[Cryptomindset]

the low energy consumption ratio and advanced performance are the two main advantages of the Antminer 17 series miners. Compared to existing mining rigs, the new Antminer S17 series can greatly improve mining profit, making previous mining rigs less competitive

[rdewilde]

Why going for this miner which isn't that friendly in all way round?
When you get tired of it, what are you going to do?
In my own opinion, if energy is cheaper or friendly in your location, you can give GPU a trial as it offers more benefits such as no noise, algorithm switching, can be customized and you can also resale when the need arises.

[philipma1957]

Why going for this miner which isn't that friendly in all way round?
When you get tired of it, what are you going to do?
In my own opinion, if energy is cheaper or friendly in your location, you can give GPU a trial as it offers more benefits such as no noise, algorithm switching, can be customized and you can also resale when the need arises.

actually if power is cheap  you should do some gpu and some asic

[GhostWithin]

Why going for this miner which isn't that friendly in all way round?
When you get tired of it, what are you going to do?
In my own opinion, if energy is cheaper or friendly in your location, you can give GPU a trial as it offers more benefits such as no noise, algorithm switching, can be customized and you can also resale when the need arises.

actually if power is cheap  you should do some gpu and some asic

if power is cheap (or free) it's better to choice S9
10 x S9 = about $2000 = 140Tx 13 kW/h
2 x S17Pro = about $5000 or more = 125Tx 6 kW/h

and we have ~3000 dollars to pay for cheap electricity

[starkovblue]

Why going for this miner which isn't that friendly in all way round?
When you get tired of it, what are you going to do?
In my own opinion, if energy is cheaper or friendly in your location, you can give GPU a trial as it offers more benefits such as no noise, algorithm switching, can be customized and you can also resale when the need arises.

actually if power is cheap  you should do some gpu and some asic

if power is cheap (or free) it's better to choice S9
10 x S9 = about $2000 = 140Tx 13 kW/h
2 x S17Pro = about $5000 or more = 125Tx 6 kW/h

and we have ~3000 dollars to pay for cheap electricity

It really is better to take a workhorse. The only reason to take s17 and not s9 is the desire to work for long term. If you are planning a year ahead and then review investments depending on the market, it is better to take s9.

[melpheos]

next halving is next year... With free electricity it could be but i'd rather buy BTC right now and expect a rise in price rather than mining less and less BTC with the price rising.

[GREENch]

next halving is next year... With free electricity it could be but i'd rather buy BTC right now and expect a rise in price rather than mining less and less BTC with the price rising.

Well, in a market like this now it makes sense, but at the end of November 2018 you were also sure that the purchase of the crypto will bring more?