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Author Topic: Too good to be true?!  (Read 384 times)
fmz89
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October 23, 2021, 05:44:31 AM
 #21

Hello, I have a question, I asked about this ASIC the Bitmain Antminer E9, a hell of an ASIC that costs about 30000$ (well if we find it) and I looked on the site whattomine the profits I can make with this machine and I saw for more than a week a figure that turns around 230$ of profit per day which is just HUGE !

and i did a little calculation 230 x 365 = 83950 !! 83950 (profit per year) - 30000 (price of the asic) = 53950

it's just monstrous in less than a year without counting the electricity (0.06€ per kWh) I'm in the profit in less than a year!! how to explain that?

Can someone please enlighten me, tell me if there are hidden costs that I don't take into account except for taxes, there are no additional things to take into account in there because it just seems huge

how do I justify this please?
    
if you seeing the profit from asic in calculator its mean that profit for current day, and getting less profit in the future cause many people buy the same thing everyday and joined the network

the difficulties began to rise exponential, and yeah if you can get that asic for same price as listed, then you got lucky if got that one  Grin

there is no such thing to good to be true in asic mining, its real if you can get those asic lol, good luck with that.

if you're living in china, sure you will get one but this time is ilegal things

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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jillscarbrough
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October 23, 2021, 10:06:24 AM
 #22

I turn my ANTMiner S3 to be a monitor holder a few years back. I still use it until I post this. I'm lucky with ANTminer S1, which sold around 3-5% of my buying price.




ASICs tend to have no economic value after their productive time's over, and the lifetime is also short - Based on my experience with ANTMiner S1, S2, and S3.

As others mentioned, mining calculation depend on many factors, Nethash, Diff, Electricity Cost, and so on. When one of the dynamic factors changes, say Nethash which may change in a day or even a minute, it'll also change the calculation result.
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