Would you buy an Antminer S1 for $375?

[Sector7G]

Hi,

I have an Amazon gift card to spend.  I could pick up an Antminer for $375.  I realize I would also need a power supply.  Probably another hundred if I get a good one that could power two units.  Do you think that is a good buy with the current market, difficulty, and other factors?

I've been using a USB miner (2 Gh) for a while just to learn and get comfortable with managing a wallet.  I am thinking about stepping up.

[Unacceptable]

Yeah man     Just get a 600 watt CX600,$64 on newegg with promo code 

They are SO easy to setup too 

[Lamber]

You should do that, very good price.

[Icardi09]

sure, why not. price is so cheap, buy now and start mining
i think you will ROI in 2-3 months, even faster if BTC price goes up like now

[ChuckBuck]

Absolutely, a very good price for one.

Mining doesn't get any easier than an Antminer S1.  Great entry level miner, and even though won't generate alot of BTC daily nowadays, you can mine some Alt SHA-256 coins(Check Coinwarz first) and trade them on Cryptsy back to BTC.

Fun stuff!

[Profetu]

BTC price is irrelevant to ROI IMO. You basically pay ~0.75 BTC, and this machine will produce 0.75 in a few months.

[xingqiaoyin]

Yes would do that especially if this is your first exposure to btc. Call us bias 80%of us here are bullish on btc. But if it even cross your mind to buy btc but hesitated then mining is the way to go, you wont simply end up with just a balance to look at.

[gagalady]

I would, price is good, go for it.

[Sector7G]

Thank you for your feedback.  The Antminer has been ordered.

[philipma1957]

Thank you for your feedback.  The Antminer has been ordered.

enjoy it and there are a lot of support threads for it.

[tzortz]

Absolutely, a very good price for one.

Mining doesn't get any easier than an Antminer S1.  Great entry level miner, and even though won't generate alot of BTC daily nowadays, you can mine some Alt SHA-256 coins(Check Coinwarz first) and trade them on Cryptsy back to BTC.

Fun stuff!

BTC is only viable solution.

[the joint]

BTC price is irrelevant to ROI IMO. You basically pay ~0.75 BTC, and this machine will produce 0.75 in a few months.

Really?  BTC price is crucial to my decision to purchase a miner or not.  If you can't profit in BTC it doesn't mean you can't profit in fiat.  If I know with almost absolute certainty that I can profit in either btc or fiat, ill buy a miner; if I can't profit in terms of either, I pass.

In terms of BTC, my block erupters were disastrous purchases.  But, I ended up with a ~700% fiat profit.  All I had to do was immediately repurchase the BTC used to purchase the erupters.