AntMiner S2 1TH/s Miner Batch 4 break -even

[notoriouspits]

hey ive been considering getting into mining and just kinda double checking my calculations using  a  mining profitability calculator it says that with the S2 i would break even in 3 months what am i doing wrong.   my electricity is .07.  Also do you guys think one s2 is a good buy right now and what is your thoughts on ROI

[cryptomatt]

The only way you'll ROI in 3 months is if the $$ of BTC goes much higher.  With your power costs, you'll currently be making ~ $26 a day.  In 5 difficulty adjustments you'll be down to about $11.50 if you assume 15% diff jumps.

[notoriouspits]

how often does the difficulty goes up newb question of year

[gsupp]

how often does the difficulty goes up newb question of year

About every 10-14 days:

https://bitcoinwisdom.com/bitcoin/difficulty

[gsupp]

hey ive been considering getting into mining and just kinda double checking my calculations using  a  mining profitability calculator it says that with the S2 i would break even in 3 months what am i doing wrong.   my electricity is .07.  Also do you guys think one s2 is a good buy right now and what is your thoughts on ROI

Try this calculator, it's one of the few that tries to take difficulty increases into consideration:

https://tradeblock.com/mining/

[xrobau]

hey ive been considering getting into mining and just kinda double checking my calculations using  a  mining profitability calculator it says that with the S2 i would break even in 3 months what am i doing wrong.   my electricity is .07.  Also do you guys think one s2 is a good buy right now and what is your thoughts on ROI

Try this calculator, it's one of the few that tries to take difficulty increases into consideration:

https://tradeblock.com/mining/

Here's the best, and most flexible one.

http://bit.ly/roi-s2

[oskuro]

so its not profitable to buy antminer s2

It costs 2167 $ right now without discount coupon @ bitmaintech.

You saying that in a few months earnings will drop from 26$ / day to 11$ / day or less So whats the point of buying a 2167$ machine?

[ChuckBuck]

so its not profitable to buy antminer s2

It costs 2167 $ right now without discount coupon @ bitmaintech.

You saying that in a few months earnings will drop from 26$ / day to 11$ / day or less So whats the point of buying a 2167$ machine?

So now you're seeing the light, young padawan!   

[DrG]

so its not profitable to buy antminer s2

It costs 2167 $ right now without discount coupon @ bitmaintech.

You saying that in a few months earnings will drop from 26$ / day to 11$ / day or less So whats the point of buying a 2167$ machine?

The point is the company is selling you a machine that will mine $26 a day!  Think of it!

After 3 months you'll be getting pennies a day and be several hundred in the hole.

The seller of the ASIC now has $2167 which they could have used to buy more BTC than you mine.

[KimNam]

in BTC term, hard to make ROI with recent condition (difficulty increase like crazy every 12 days)
but in fiat term, you can make ROI, if BTC prices increasing / skyrocket in next month
but i suggest you to buy BTC directly instead mining that BTC

[Glizlack]

I would also like to point out that I believe they are no longer accepting coupons.  I think they got mad that people resold them. Please correct me if I am wrong.

Steve