• Hi guys,


    I'm thinking to invest 25k$ early next year in a small BTC mining farm buying S9s. I have $0.10 electricity and a big basement where I can keep the miners in. I will create good ventilation and each miner will exhaust outside through a 110mm 'pipe'. i also have plans for some air intakes, etc...

    My question is: do you think it is worth it? should i worry about: https://news.bitcoin.com/japan…mining-boards-token-sale/

    please tell me your thoughts...


    cheers!

    "The greatest joy for a man is to defeat his enemies, to drive them before him, to take from them all they possess, to see those they love in tears, to ride their horses, and to hold their wives and daughters in his arms."

  • To me it all depends on why you want to do it. I see better returns on just buying the most undervalued coins at the time and picking up a lot of burst if the price is right and also holding some btc. But I'm not big into mining, I get more of a thrill from trading/holding/patience. I like studying charts :)

  • To me it all depends on why you want to do it. I see better returns on just buying the most undervalued coins at the time and picking up a lot of burst if the price is right and also holding some btc. But I'm not big into mining, I get more of a thrill from trading/holding/patience. I like studying charts :)

    I know what u are saying, i also do some trades(even i am not good at previsions, charts, candle sticks etc.) and i have some money invested in altcoins. for me, the problem with altcoins is that I never feel to sell and i never have cash money. i always think I should wait more and more and more and fuck that...

    "The greatest joy for a man is to defeat his enemies, to drive them before him, to take from them all they possess, to see those they love in tears, to ride their horses, and to hold their wives and daughters in his arms."

  • If i could manage to get free (or almost free electricity) i will do it without any hesitation

    "The greatest joy for a man is to defeat his enemies, to drive them before him, to take from them all they possess, to see those they love in tears, to ride their horses, and to hold their wives and daughters in his arms."

  • s9 miners in january or early next year may have hard times to roi. since last june the diff increased about 50% and was already really high before. if you can grab some cheap ones (1200$ or less) this is no question to do.

    on the bitmains cloud mining site the current maintance is less than 16% of the earnings, but you pay about 5400$ for a full miner. so buying and running own hardware shall be comparable maintance costs.

    however, this is not bitmain making the prices. this is the market making the prices.

    if you buy hardware buy a bit less and take the money to extend the time you can hold your minings.


    the 7nm asic tech is really tough to announce and for me it is not clear wether they can deliver.

    they are maybe able to tell you they have a 7nm asic running but if this works correctly is hard to tell.

    i have seen their announcement last month and thought the good thing about it is that people still invest into mining technology.


    the northern europe site they mention in your link to run their farm in is propably the old knc facility.

    knc was the first company which delivered always but still went bankrupt somehow.


    if you really want to invest i would not really be afraid of those 7nm guys announcing a new chip which more than halfs the structure size the s9 has because we do not know what bitmain offers at those times. with all crypto the good thing is that almost no coin you mine makes any roi if you sell it directly so only farms dump to pay fees which are their earnings.

    mining hardware on the other hand blocks funds, produces costant costs and involves many risks to run on your own (isp downtime, malfunction, monitoring stress, heat problems on hot days, customs transfer).