Hey guys, I am semi interested in getting into bitcoin mining.
I used to mine a lot back in 2014 ish but have fell off an thought about returning to it. Just have a few questions / points I'd like to hear other people feedback on.
In today's market how does one establish a profitable bitcoin mining plan?
So.. with today's miners (I will use the Antminer S17 for example) the price of getting the miner would be $2400 *From bitmain if they were'nt sold out* + 27.6% in fees to USA so a grand total of $3,060.
Assuming $0.10 Power Cost (Kw/h) profit is ~ $7.50/day.. not too bad.
So ROI is about 408 days. Which in theory is pretty good.
The big question is, "With the constant release of more efficient equipment making this $3000 miner less and less relevant is it even worth putting up the money?". Do you guys think that it is realistic to make the $3000 back that people are putting into this?
Submitted May 03, 2019 at 06:56AM by iwinbydeath http://bit.ly/2vBJ214
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