Quote from: spiccioli on November 10, 2015, 05:11:50 PM

Quote from: armedmilitia on November 10, 2015, 01:56:16 PM

A 0.5% bulk discount on over 100 units. Roll Eyes

I've been lurking for a while and this urges me to add my voice here

Avalon6 and BitMain's S7 are overpriced, too much, they're actually priced for 2-3c/kWh electricity.

I mean, BitMain in China does not have access to such cheap electricity (I don't have any proof, just long reads here about cheapest electricity in China) so they have to be sure that nobody can earn more than themselves when selling an S7.

BTW, they sell it on Hashnest as well, so Hashnest's price is a little lower since you're paying .10c/kWh there.

What we should find, IMHO, is cheap electricity, like .05c or .04c and a bunch of second hand S5s or SP20s, which are overpriced as well (from the WTS offers I see here on bitcointalk), but not as much as a new S7 and should possibly ROI no further than April next year and be able to be marginally profitable (thanks to cheap electricity) beyond next halving.

Spending 1600 USD/unit now to earn 98 USD 400 or more days from now... well, is not that thrilling as a proposition, not to mention that a single failing unit wipes out the earnings of 16 more units.

spiccioli

Yeah I'm running into the same damn "MATH" you are....and of course when was the last time equip from an ASIC mnfg arrived ON TIME. As an example I have 2 Titan 650mh total scrypt miners running at 13c kwh ...assuming I could host them for 1/2 the elec costs etc and the equip is free (paid for ROI) I would make MAYBE an extra (after shipping fees etc hosting for 6 months) maybe say 75 bucks extra a month in elec savings....so using that kinda logic you toss up NEW equip at the prices and it kinda sorta becomes problematic quick. A person wonders it it really worth the hassle or risk on equip arriving on time and all the ducks in a row etc etc

The only catch I may have others may not is I'm a LEGAL miner in the states..ie the IRS knows about my efforts and approves...(read that sad tale on how it happened an a prev post back) anyway due to buying too much equip in 2013 and 2014 and it arriving at then back end of each year (that helped) I have paid no real taxes so far..and some extra $$$ to the CPA so been lucky

My point is under such a scenario if you are legal in my manner (don't recommend it but again my situation) I can get 1/2 of the 25% depreciation on equip back in my taxes paid to IRS the first year and that remaining 12.5% back parceled out the next 4 years (should I run the bitcoin biz that long into the future) bitcoin miners under the 2013 IRS virtual currency guidelines are considered computer equip and can be depreciated as such. (this is why my CPA laughs and says I'm a farmer she treats my entire business like the farmers she serves..same deal in that IRS treats mined currency as land and capital gains and all...and viola my ltc miners are 'tractors' so to speak)

So anyway there may be a bit of a hedge for me in my legal setup above and beyond that makes this attractive from showing IRS my bona fides and such with the equip discounts (and that would include hosting fee etc I think but likely NOT electric)

but then again as in previous posts ..I may be thinking too shallow here if it is a long term ..go for broke ...build it up in future with SP50's balls to the wall project..if that is so..well hell I've dumped $1,600 bucks in dumber things

anyway my rambling thoughts at this time.

(man this is complex at least in my feeble little mind)

edited: got rid of USA hosting I re-read previous posts it is hosting in Canada from what I understand. The benefits to me as a legal miner on equip depreciation in states still applies thou to myself or others in my situation....so again 12.5% off equip purchase (and i think hosting) the 1st year ...is helpful in my situation. Also shows some bona fides for the biz (ie making revenue modest thou it may be) for the IRS to show me as continuing to be a legit biz

As a side note in 2013 a guy named LAB RAT tried to do something similar as you all with BFL ...but BFL as you know never shipped equip so it was a complete fiasco...not sure what kind of protections you can put in place for something like that ..just saying...good intentions sometime end up as roadkill w/o any fault to those involved.