[..]
Let's say that I did purchase one, however. At the current network difficulty and BTC exchange rate, that S5 would expect to make ~$3.25 a day before power costs. ROI would be ~123 days. Using a very conservative network difficulty adjustment value of 2%, we're up to ~136 days. That right there should have convinced me not to purchase one in the first place... and I assumed free power in my numbers.
That's lack of enterpreneurism...
Common business reaches ROI 2-3 years after initial investment.
We were (are?) seeing month-scale ROIs because of the highly speculative price of bitcoin.
If (when) bitcoin becomes more mainstream, expect ROI in a year or two... not less
Disagree, but only by time frame ROI will be 8 months not 12 to 24 for 8 cent power.
60, 90, 120 days for ROI is pretty much over.
I have higher power cost then many So ROI will be a year for me.
When I buy I time for my winter power price which is 10 cents net.
I Like to mine from October 1 to March 31 then sell off the gear.
Aside for above.
Bitmaintech has not been the supervillian people make them out to be I know many people hate on them.
In fact I have decided to hold off on my s-5 is it working or dead thread.
I did one for the sp20 and that gear looks to be over 92% alive according to info on more then 300 pieces of gear.
I read this thread and I see a lot of angry people. I do not want to open a thread on it works or it is dead and have to edit hundreds of complaints due to the hate against them.
I would like to do it with the s-5 maybe I will start it this week.