Post
Topic
Board Mining speculation
Re: Want to get started mining, am I too late?
by
notlist3d
on 13/07/2015, 03:08:57 UTC
Solar is honestly a different investment then mining. It can be used for mining but think of them as 2 investments.   If using a decent quantity of miners it just would take a ton of solar gear, and is cheaper to follow cheap electricity.

Oh, totally agreed. I'm getting the solar for reasons outside of mining. But because of the solar, i'd be able to mine at $0.07 / kWh vs $0.12 / kWh, as my normal day to day at the house won't be utilizing any of my normal tier 1 electricity rate.

A week ago I would have said heck yea go get a S5.   But with around 100 in a week higher price I would say do your ROI math.  For some there is profit others there is not.

And honestly everyone that bought their gear a while back and still mining with it is the ones that are doing good at home mining.

Not sure what you mean by the 100 in a week higher price. Do you mean the price of bitcoin going up, or that the price of S5s have gone up?

Are S5s pretty much the best deal hardware wise right now? Is there anything else worth even evaluating?


I mean the price of the S5 going up 100 dollars to buy.  It might be great I just have not done math on it.  I did lots of ROI on old pricing, but as of now that is all useless.  Someone who has done some math with new price could let us know what they think.

And I wish I was wrong about old miners getting advantage. I love new miners coming in.  It still is possible for new people to mine if electricity is right.  But those who believed in mining a while back and stocked up on gear are doing pretty good with low difficulty increases and the new BTC price that keeps going up.

Will I buy some new miners one day sure... but I'm currently enjoying my current ones and extremely happy I mined during summer.  I thought about selling gear and not doing it because of heat of summer.