Minnesooooota (OP)
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Activity: 68
Merit: 10
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June 23, 2014, 04:39:47 AM |
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Hi,
With the auction coming up, bitcoin will likely fall down in value. What's convenient (or coincidental, take it as you want) is that the Antminer S3 will be released for order this Friday(ish), right when bitcoin will likely hit its BTC/USD lowpoint.
If you're planning on buying the AntMiner S3, I suggest that you do NOT buy any if the price is over 0.90 BTC. Even at 0.8 BTC, the investment will likely NOT ROI, unless you have sub $0.12/kWh electricity costs (assuming 18% difficulty increments).
If BTC prices rise, it is much more wise to just invest in BTC. I understand mining is fun, and that it's exciting to see revenue come in each day, but, with a projected bull market ahead of us, I suggest to hold out on purchasing the S3 unless it's in the 0.7 BTC price range. Instead, just buy BTC at a time you're comfortable this week.
This is just my suggestion/speculation. Take is as that.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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JCNC
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June 23, 2014, 08:48:05 AM |
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Can't see any ROI for anything under half a bitcoin. 22% min diff increase this time, who knows what the next will be, assuming 20% diffs and this hardware is redundant in a couple months...
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PatMan
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June 23, 2014, 10:00:45 AM |
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In for 20 units at the moment. Possibly more depending on price. Max 60.
That would be why you want 20+ units then would it?  |
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gperez2000
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Activity: 22
Merit: 0
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June 23, 2014, 12:41:40 PM |
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At current difficulty(rising) and with the high prices of the equipment the only ones making a profit are the ASIC makers who are double dipping(mining first and then sell the equipment as new). The ASIC's have to come down in price more than 40% in order to make sense at Bitcoin current prices.
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dynamike23
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Activity: 18
Merit: 0
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June 23, 2014, 01:19:57 PM |
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In for 20 units at the moment. Possibly more depending on price. Max 60.
That would be why you want 20+ units then would it? He must be doing it for the fun of it. Times 20 (but not greater than 60) haha. |
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Minnesooooota (OP)
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Activity: 68
Merit: 10
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June 23, 2014, 02:47:43 PM
Last edit: June 25, 2014, 05:42:39 AM by Minnesooooota |
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In for 20 units at the moment. Possibly more depending on price. Max 60.
That would be why you want 20+ units then would it? He must be doing it for the fun of it. Times 20 (but not greater than 60) haha. EDIT: I did plan on buying 20 units. I still plan on it if the price is right. ~0.7 BTC. However, I suspect this won't be so, and I advise anyone to not buy miners unless they are less than 0.9 BTC. |
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GigaBit
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June 23, 2014, 03:47:55 PM |
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More for me!  |
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iglasses
Legendary
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Activity: 1148
Merit: 1000
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June 23, 2014, 05:29:19 PM |
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In for 20 units at the moment. Possibly more depending on price. Max 60.
That would be why you want 20+ units then would it? He must be doing it for the fun of it. Times 20 (but not greater than 60) haha. Hahahaha. So funny. hahaha. You guys are ignorant. What exactly does rummaging through my old posts solve? I WAS interested in several units. Now, I am not. I crunched the numbers and it doesn't make sense to buy hardware at the moment, and was just letting the community know. Old? They are from a few days ago. You went from 20-60 units to zero AFTER crunching numbers? Perhaps you are the one who is ignorant. |
I only have a signature because I'm allowed.
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nwfella
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Activity: 1582
Merit: 1000
Well hello there!
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June 23, 2014, 07:26:36 PM |
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imho the title of OP should've been 'Be wary of buying the Any Miner' with the amount of Hash being added to the network of late.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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jonsi
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Activity: 1397
Merit: 1019
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June 23, 2014, 11:43:51 PM |
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imho the title of OP should've been 'Be wary of buying the Any Miner' with the amount of Hash being added to the network of late.
No, the title is exactly what he wanted to be. He just want a little less competition in the auction. |
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tuanvie
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June 24, 2014, 02:43:57 PM |
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with diff higher and lower prices may be very unfavorable buy s3 with high prices, I agree if the price in the range of 0.7 BTC,
and unless the saving power consumption is not a problem, I'm afraid of a lot of money just to pay the cost of electricity
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lowbander80
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June 24, 2014, 02:51:44 PM |
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Hey guyes go to the topic how many S3 you would buy and see some people asking for 20-30 units as if they were loaf or bread...
They dont understand that 20-30 units bring their investment ROI in an earlier end
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FeodoroAndy
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June 25, 2014, 05:01:21 AM |
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Does the auction will drop the price lower ? Any thoughts ?
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Minnesooooota (OP)
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Activity: 68
Merit: 10
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June 25, 2014, 05:37:49 AM |
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Hey guyes go to the topic how many S3 you would buy and see some people asking for 20-30 units as if they were loaf or bread...
They dont understand that 20-30 units bring their investment ROI in an earlier end
Why would the number of units affect the ROI date? Should be consistent unless the price goes down with the number of units. |
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Minnesooooota (OP)
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Activity: 68
Merit: 10
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June 25, 2014, 05:40:54 AM |
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Does the auction will drop the price lower ? Any thoughts ?
I suspect it will go down further. ~550 range |
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philipma1957
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Merit: 7873
'The right to privacy matters'
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June 25, 2014, 09:14:38 PM |
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Why be afraid of buying s3's?
lots say buy coins instead.
I can buy both. Most likely I am staying with gridseed blades as they seem to work well and be gentle on power.
4 gridseed blades = 340 watts
1 s-3 = 390 watts.
For me I never have more then 10k in mining gear and coins . I juggled gear coins around and wait for a good buy.
mY first choice is buy a well priced gridseed blade.
my second choice is buy a coin or 2 or 3
my third choice is get a few s-3's
Waiting to see this unfold from now until the first of july.
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