Still worth it to buy antminer s1

jeppe (OP)

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Still worth it to buy antminer s1

March 25, 2014, 12:23:22 PM
Last edit: March 25, 2014, 05:57:09 PM by jeppe

#1

Hi,
As The titel is it still worth it to invest in antminer s1?? I already have a few. After,calculating the break even point at 70 days with 7 days delivery to uk. With a profit of 0.4 in 220 days? 43% profit is still okay good or not?? This is with free power!!! (Used bitcoinwisdom for calculations) what other minerstatus are better investments?
Thanks,
Jt

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Re: Still worth it to buy antminer s1

March 25, 2014, 12:41:43 PM

#2

mine with it for 60 days then sell it.

.
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philipma1957

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Re: Still worth it to buy antminer s1

March 25, 2014, 01:11:33 PM

#3

Quote from: bitterdog on March 25, 2014, 12:41:43 PM

mine with it for 60 days then sell it.

this.

BTW my fifth one comes today. I can't go beyond 5 or 6 due to heat issues which will arise in june.

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CoinToTheMax

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Re: Still worth it to buy antminer s1

March 25, 2014, 04:29:50 PM

#4

Quote from: bitterdog on March 25, 2014, 12:41:43 PM

mine with it for 60 days then sell it.

why is it 60 days ?

jeppe (OP)

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Re: Still worth it to buy antminer s1

March 25, 2014, 05:59:45 PM

#5

I have been thinking about the 60 days and Then sell Them on ebay, but are there other miners that are better investments?

jeppe (OP)

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Re: Still worth it to buy antminer s1

March 25, 2014, 06:24:01 PM

#6

Okay just ordrer one more!!

Somekindabitcoin

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Re: Still worth it to buy antminer s1

March 25, 2014, 07:10:41 PM

#7

Then you can sell it for the same price as this guy:

http://www.ebay.com/itm/Bitmain-Antminer-S1-180GH-s-200GH-s-Bitcoin-ASIC-Miner-/321337393357?pt=LH_DefaultDomain_0&hash=item4ad13380cd

And still make profit.

jeppe (OP)

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Re: Still worth it to buy antminer s1

March 25, 2014, 07:24:47 PM

#8

Quote from: Somekindabitcoin on March 25, 2014, 07:10:41 PM

Then you can sell it for the same price as this guy:

http://www.ebay.com/itm/Bitmain-Antminer-S1-180GH-s-200GH-s-Bitcoin-ASIC-Miner-/321337393357?pt=LH_DefaultDomain_0&hash=item4ad13380cd

And still make profit.

WHO buys these for soo much?....

pbj sammich

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Re: Still worth it to buy antminer s1

March 25, 2014, 08:47:17 PM

#9

Quote from: jeppe on March 25, 2014, 07:24:47 PM

Quote from: Somekindabitcoin on March 25, 2014, 07:10:41 PM

Then you can sell it for the same price as this guy:

http://www.ebay.com/itm/Bitmain-Antminer-S1-180GH-s-200GH-s-Bitcoin-ASIC-Miner-/321337393357?pt=LH_DefaultDomain_0&hash=item4ad13380cd

And still make profit.

WHO buys these for soo much?....

It's Ebay, nothing to be surprised about there Wink

bitterdog

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Re: Still worth it to buy antminer s1

March 26, 2014, 02:55:36 AM

#10

Quote from: CoinToTheMax on March 25, 2014, 04:29:50 PM

Quote from: bitterdog on March 25, 2014, 12:41:43 PM

mine with it for 60 days then sell it.

why is it 60 days ?

60 days will probably net you about .75btc from mining . eBay you will probably net $600 after shipping and fees

So the miner costs you $550 in btc you make $50 profit there and you still have .75 btc =$400

$450 profit ROUGHLY without breaking out a calculator.

Phil is better with the actual numbers then I am.

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ChuckBuck

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Re: Still worth it to buy antminer s1

March 26, 2014, 03:31:09 AM

#11

Quote from: pbj sammich on March 25, 2014, 08:47:17 PM

Quote from: jeppe on March 25, 2014, 07:24:47 PM

Quote from: Somekindabitcoin on March 25, 2014, 07:10:41 PM

Then you can sell it for the same price as this guy:

http://www.ebay.com/itm/Bitmain-Antminer-S1-180GH-s-200GH-s-Bitcoin-ASIC-Miner-/321337393357?pt=LH_DefaultDomain_0&hash=item4ad13380cd

And still make profit.

WHO buys these for soo much?....

It's Ebay, nothing to be surprised about there Wink

Holy Hell, I gotta try this in like a month! Huh

That is some redonkulous ish right there. For that price it better scratch my back!

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Re: Still worth it to buy antminer s1

March 26, 2014, 03:32:01 AM

#12

Quote from: bitterdog on March 26, 2014, 02:55:36 AM

Quote from: CoinToTheMax on March 25, 2014, 04:29:50 PM

Quote from: bitterdog on March 25, 2014, 12:41:43 PM

mine with it for 60 days then sell it.

why is it 60 days ?

60 days will probably net you about .75btc from mining . eBay you will probably net $600 after shipping and fees

So the miner costs you $550 in btc you make $50 profit there and you still have .75 btc =$400

$450 profit ROUGHLY without breaking out a calculator.

Phil is better with the actual numbers then I am.

After 60 days it will not go for $600 though you might get $450. Then take $50 in ebay fees.

You still you could make $250. But I doubt you will make $450.

Seller since 2011 hundreds of orders shipped