Re: 300 x S7 Antminers, 2 years ROI, 2 years=out of date hardware

Quote from: kpitti on February 16, 2016, 10:19:55 AM

Quote from: Vociferous on February 15, 2016, 09:13:57 PM

Hey guys,

So for example:

Initial investment £206,400 = 300 x S7 miners = 1419 TH/S = £19918 per month (pm)

£19918 pm - £12214 (bills/rent/broadband pm) = £7704 pm.

SO WITH A £206,400 INVESTMENT, IT STILL TAKES 2.3 YEARS TO GET ROI.

During the 2 years your hardware becomes out of date and you've only broke even, with no profit, then you have to buy new hardware. SO WHAT IS THE POINT? Am I missing something? Perhaps it's only worth it if you invest millions?

You can shorten a period of using miners to 1 Year. Then you can try to sell your Miners to improve your figures. It`s not easy, but can be achieved. The problem could be a number of Miners right.

I think I am going to wait for new miners using the 16 nm chips and then invest. I wonder if someone with an electronic enegineering background could build their own miner using the chips!