Quote:
Originally Posted by Delboy
I'm considering an S9 but is it worth it, I read a few things taking about difficulty going up etc so don't know how to work out if its viable or not.
Any pointers?
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https://www.nicehash.com/profitabili...4¤cy=GBP
On the basis of 14p electricity which i'm on at home and the current HIGH value of bitcoin it's reckoning £630 a month in profit.
Nicehash is a bit generous usually with it estimations, though that's pretty sweet. How it'll be in a month-two however, we don't KNOW we can only guess!
https://bitcoinwisdom.com/bitcoin/difficulty
Show the history of difficulty. The idea is that the difficulty balances the network hash rate so that a block is found every ten minutes....More miners higher hash rate, higher difficulty, less miners lower hash less difficulty.
I'm expecting that the high value of bitcoin and the publicity will tempt a lot of people. However if they'll mine or invest, I'm not sure.
Direct from Bitmain a S9 is ~$1450 +psu ~$150 +shipping ~$150 with getting whatever payment they want this time (BCH etc). It's ~£1350-1400 plus IMPORT duties. Quite what they'll come in at ??? I'm guessing it'll have cost £1800-2000
At todays hash that's 3 months to profit
But that's a big assume. It could be less (BTC carries on up), it's probably more (BTC drops, more miners).
However Bitmain are also showing sold out. They often do. And what the deal will be on the next batch and when etc
It is possible to pick one up by other means, such as Ebay ~£3000 - That's five months to profitable, though you get to mine NOW, so in some ways less risk, though a lot of Ebay are pre-sales which I'm much less sure of!
There's also a factor of short or long game. Mine for money now vs potential profit later ???
The other question is what would that £1800/£3000 do elsewhere. Say buying/trading bitcoin/Ethereum....