Moh$en (OP)
Newbie
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Activity: 1
Merit: 0
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December 17, 2014, 05:53:18 AM |
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Hi I'm Mohsen from Iran, I found mining quite interesting and profitable and I have some doubt about it then I join this forum and I want to ask some question before investing. I did mining with my personal computer with several pools and I noticed that I can invest in antminer s4 and that is quite interesting when I calculated the profit here : https://alloscomp.com/bitcoin/calculatorSo my research says if I invest any amount in mining devices, I can return my investment in just 4 months. Am I calculating right? Is it that accurate? I'm Planning to invest on antminer s4, Is there any better option, because right now bitmaintech guys selling 16 units for $14K and I can get 32TH/s with those. also I'm in Iran andd the electricity price is so cheap here, I can register a production company to cut half my electricity price even. But I dont know if they ship units to Iran and the weight is so high its about 250KG. So what do you think about my plan? Thank you |
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xstr8guy
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December 17, 2014, 07:30:52 AM |
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I wonder if Spondoolies ships to Iran? My instincts tell me no.  |
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Medow
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December 17, 2014, 08:19:21 AM |
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I wonder if Spondoolies ships to Iran? My instincts tell me no. Spondoolies will not ship to Iran but i think bitmain will do. |
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spazzdla
Legendary
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Activity: 1722
Merit: 1000
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December 18, 2014, 09:20:21 PM |
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The difficult will probably increase destroying your chance at ROI. That said.. this is the first time in 22 months the difficult has gone down soo... who knows.. We might see a massive abandoning of bitcoin and a return to $50-100 area... This would decimate the mining network shutting down most industrial sized miners leaving only hobby miners like me.. Who knows if I would be mining in the red or black at that point. I will mine until I die  . |
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MrTeal
Legendary
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Activity: 1274
Merit: 1004
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December 18, 2014, 09:25:32 PM |
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I wonder if Spondoolies ships to Iran? My instincts tell me no. Just buy them in Israel, drive em through Syria, stop in Mosul for tea, and then on to Iran from there. You make it seem complicated. |
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philipma1957
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Activity: 4298
Merit: 8799
'The right to privacy matters'
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December 19, 2014, 02:46:43 AM |
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Ahh if we could just settle all the worlds differences with a years of mining coins. it would be nice.
to the op contact bitmaintech and ask them.
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caga
Full Member
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Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
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December 19, 2014, 05:34:52 AM |
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Hi I'm Mohsen from Iran, I found mining quite interesting and profitable and I have some doubt about it then I join this forum and I want to ask some question before investing. I did mining with my personal computer with several pools and I noticed that I can invest in antminer s4 and that is quite interesting when I calculated the profit here : https://alloscomp.com/bitcoin/calculatorSo my research says if I invest any amount in mining devices, I can return my investment in just 4 months. Am I calculating right? Is it that accurate? I'm Planning to invest on antminer s4, Is there any better option, because right now bitmaintech guys selling 16 units for $14K and I can get 32TH/s with those. also I'm in Iran andd the electricity price is so cheap here, I can register a production company to cut half my electricity price even. But I dont know if they ship units to Iran and the weight is so high its about 250KG. So what do you think about my plan? Thank you Everyone would advice not to get into mining at this stage, specially when the halving is expetd to happen in an year or 2, which is definitely not be profitable for minin.g |
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arieq
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December 28, 2014, 12:55:02 AM |
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Mining might be profitable as of now. Not certain about an year later , when the difficulty increases.
Eventhough difficulty is decreasing, mining same btc just got extended by one full day. But the good news is: when mining becomes harder, no more bitcoins to dump, price of bitcoin will skyrocket |
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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December 28, 2014, 01:44:10 AM |
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When you say cheap how much is cheap? Electricity price is a huge factor.
With 16 units you will also need some cooling. That is a decent amount of heat. Make sure to factor electrician and his services and parts, and also cooling and a constant cooling bill.
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seriouscoin
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December 28, 2014, 07:19:18 AM |
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Yes its very profitable. In fact i'm picking up a Bentley Continental GT this coming Monday all from btc mining profit.
You should buy all the gears that you can, guarantee you next year you will be buying Maserati.
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aurel57
Legendary
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Activity: 1274
Merit: 1000
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December 28, 2014, 12:55:12 PM |
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Iran....Wondering if RPG's can be bought with BTC yet?  |
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rammy2k2
Legendary
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Activity: 1974
Merit: 1003
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December 28, 2014, 05:07:06 PM |
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u might be killed with stones or something
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sumantso
Legendary
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Activity: 1050
Merit: 1000
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December 28, 2014, 08:03:47 PM |
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I will expect the customs and related fees will kill you off.
I would've advised you to buy Bitcoins instead, but the same problem remains - getting your money out and into the exchanges. I guess you can try localbitcoins if such a thing indeed exists in Iran.
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BTCish
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December 29, 2014, 12:50:28 PM |
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you better find someone who can get those miners past customs
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Amph
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Activity: 3248
Merit: 1070
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December 29, 2014, 01:48:24 PM |
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no it isn't unless you are a big farm with a electricity contract, or you have already made roi, or any of those combinations
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ChuckBuck
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December 30, 2014, 07:59:52 PM |
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Hi I'm Mohsen from Iran, I found mining quite interesting and profitable and I have some doubt about it then I join this forum and I want to ask some question before investing. I did mining with my personal computer with several pools and I noticed that I can invest in antminer s4 and that is quite interesting when I calculated the profit here : https://alloscomp.com/bitcoin/calculatorSo my research says if I invest any amount in mining devices, I can return my investment in just 4 months. Am I calculating right? Is it that accurate? I'm Planning to invest on antminer s4, Is there any better option, because right now bitmaintech guys selling 16 units for $14K and I can get 32TH/s with those. also I'm in Iran andd the electricity price is so cheap here, I can register a production company to cut half my electricity price even. But I dont know if they ship units to Iran and the weight is so high its about 250KG. So what do you think about my plan? Thank you Don't use that mining calculator, it's shit, use this one instead: https://bitcoinwisdom.com/bitcoin/calculatorBest option for mining right now is the Antminer S5 https://www.bitmaintech.com/productDetail.htm?pid=00020141223145144203LHv1Ae820632or the Spondoolies-Tech SP20 http://www.spondoolies-tech.com/products/holiday-special-sp20-jackson-shipping-from-stockYou can't go wrong with either. You won't necessarily ROI, but at least you're picking the right miners. |
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xstr8guy
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December 31, 2014, 12:11:45 AM |
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Hi I'm Mohsen from Iran, I found mining quite interesting and profitable and I have some doubt about it then I join this forum and I want to ask some question before investing. I did mining with my personal computer with several pools and I noticed that I can invest in antminer s4 and that is quite interesting when I calculated the profit here : https://alloscomp.com/bitcoin/calculatorSo my research says if I invest any amount in mining devices, I can return my investment in just 4 months. Am I calculating right? Is it that accurate? I'm Planning to invest on antminer s4, Is there any better option, because right now bitmaintech guys selling 16 units for $14K and I can get 32TH/s with those. also I'm in Iran andd the electricity price is so cheap here, I can register a production company to cut half my electricity price even. But I dont know if they ship units to Iran and the weight is so high its about 250KG. So what do you think about my plan? Thank you Don't use that mining calculator, it's shit, use this one instead: https://bitcoinwisdom.com/bitcoin/calculatorBest option for mining right now is the Antminer S5 https://www.bitmaintech.com/productDetail.htm?pid=00020141223145144203LHv1Ae820632or the Spondoolies-Tech SP20 http://www.spondoolies-tech.com/products/holiday-special-sp20-jackson-shipping-from-stockYou can't go wrong with either. You won't necessarily ROI, but at least you're picking the right miners. Um, you do know that there is no chance in hell that Spondoolies will ship to Iran, right? |
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MrTeal
Legendary
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Activity: 1274
Merit: 1004
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December 31, 2014, 01:15:35 AM |
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Um, you do know that there is no chance in hell that Spondoolies will ship to Iran, right?
They probably would. Mo$hen probably would just want to be behind a bunch of laminated Lexan when he opens the box. |
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Minor Miner
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Activity: 2464
Merit: 1020
Be A Digital Miner
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December 31, 2014, 01:28:24 AM |
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I would think 12 months to get your money back is your BEST case scenario. With the cost of electricity, you will be using more than 2/3 of your mining proceeds just to pay electric.
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aurel57
Legendary
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Activity: 1274
Merit: 1000
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December 31, 2014, 10:27:56 AM |
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I would think 12 months to get your money back is your BEST case scenario. With the cost of electricity, you will be using more than 2/3 of your mining proceeds just to pay electric.
He stated that he has very cheap electric, even though we don't know what that price is , electric may not be a problem for him. |
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