I am suppose to be buying 3 S1 Antminers (180 GH) for 30$ each off someone. I have the PSUs to run them.
But I am wondering if this is just a waste of money. I wanted to mine PayCoins (XPY) but the pools seem to be closed.
I looked for other Altcoins to mine but they all report on various websites that it is low profit. (Does anyone know a profitable coin to mine SHA256?)
Should I buy them? Or should I get some VPS or dedicated servers and CPU Mine a good coin that can make me profit?
I don't know what to do. It seems unless you have a ton of ASIC hashing power. A few antminer s1s (3 in total) wont be able to make much profit. And as the days go by these Asic miners become more obsolete.
I am at a standstill now. The person wants to meet in a few hours and I don't know if I should cancel or buy them.
Any advice would be great.
Thanks
No mining is profitable, unless you live on free electricity. And even then... To ROI in a decent time, you'll need to put 24h a day into it ^^"
Mining to me is just nerd-galore at the moment. I love to play with miners, tweak them to the max, program tools for it, etc...
But the days of easy money are over, at least for us who can't write their own private miners, and have been for some time now TBH.
So to answer your question:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIuQC5Dd.jpg&t=665&c=QW9ecG7de0akQg)