Quote from: 7BEN7 on December 15, 2017, 10:12:47 PM

Quote from: fanatic26 on December 12, 2017, 05:36:49 PM

Quote from: d57heinz on December 12, 2017, 10:36:21 AM

Do your investors a huge favor. Take that money and put it across to the top 10-20 alts. 50% bitcoin splitting the rest up depending on your research of each coin and how you think it will play a role in future. Mining is a war amongst asic manufacturers now. I wouldnt waste my time or money. Again I say this ask any legendary member of this forum what would have been the better buy. Coins or machines. Hands down it would have been the coins.

Checkout coinmarketcap and really do your research. I cant stress this enough. I can tell you havent done enough because your still looking to buy machines.

BR

You should throw all of this 'advice' away. People that think just buying coins and hodling dont really understand how this game works.

$2 million worth of s9s right now is about 1250 machines after buying PSUs.

1250 machines @ 13.5th = 16.875ph

16.875ph is worth roughly $50k per day. Calculate power at $0.06/kwh the daily profit is $42.8k

$48.2k x 365 = $15.62 million per year. Obviously there is other operational costs involved so say 20% goes to that, leaving $12.5 million in profit for the year.

Buying and hodling $2 mil in coins means the price needs to go up over 6x in one year to make the same profit.

Then you consider the fact that the hardware will be printing money for you for AT LEAST another 2 years at zero additional cost, the fact that the hardware has a strong resale value when you do decide to upgrade, and the fact that the coins you receive from mining will appreciate just as fast as the coins you would have just purchased with cash. Why would anyone choose to just buy and hodl while leaving millions of dollars on the table?

Yes the profitability is not a static number, these numbers are just to be used as a general example. If btc continues to rise faster than the network difficulty you will actually profit more than what I have shown with some basic back of the napkin math.

That's a plan without re-investing in ASICS. What if you re-invest the money Wink

Imagine had OP invested when he made this post. Would have already double maybe tripled their money. Cant do that with no damn asic.

BR