Post
Topic
Board Mining speculation
Re: Is a $0,032/kWh electricity good for mining ?
by
Kopplex
on 10/01/2017, 09:58:58 UTC
With that electricity I would go for the S9 miner. In China with the right knowledge (i.e aliexpress, verify everything thoroughly there) you can get the S9 Antminer less than 2000 USD and with that price for electricity you can make at this moment :

http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=14000&p=2350&pc=0.032&pf=0.00&d=317688400354.03400000&r=12.50000000&er=913.53000000&hc=0.00

250 USD net profit monthly so you need about 6-8 months to break even. Then you will have profit. And with that electricity you can be profitable for a long time. In this case I would be a risk taker but can't as in my country energy is f*cking expensive 0.16 USD/kWh.

To be honest the exact price of my electricity isn't $0.032/kWh, we have like consumption ranges with different prices, for example if I consume 2793  kWh in a trimester (we pay every 3 months), the price is calculated like this :
The first 125 kWh are for $0,01/kWh +
The second 125 kWh are for $0,024/kWh +
750 kWh are for $0,028/kWh +
The last remaining 1793 kWh are for $0,032/kWh

So basically if I would run one antminer S7, the electricity would cost me around $100/trimester.
I know that with a S9 it would be more profitable, but as it's my really first time in mining I want to try first with small hardware.

I've came across some listings on AliExpress especially this one https://www.aliexpress.com/item/Bitcoin-Miner-Antminer-S7-4-73TH-Asic-Miner-4730GH-Newest-Btc-Miner-Better-Than-Antminer/32611434906.html
If you guys can tell me what do you think about it, I think I'll order this one because he offer a 1600W PSU with the miner and the shipping is for free ( and the vendor have 94.5% Positive feedback and they have been on aliexpress for 3 years.) but if you have better choices for me please let me know  Smiley