Are you a re-seller or miner?
I dunno about re-selling them but 4k when you get them sounds high to me. But maybe coins will be 40k and people will still pay 4k for a miner. If coins flat line at 17k or drop and hash rate skyrockets seems unlikely an S9 would fetch 4k.
For every miner you buy the manufacture can use the money to put 2 or 3 or 4 or whatever number more machines online for themselves... They can also do it now because you gave them the money now and drive up the difficulty with your money while you sit and wait for it to arrive. I cant imagine that the 10% jumps were seeing are just retails sales of S9's. The batches sell in minutes, so someone is adding a fuck ton of hashpower to the network (lol go figure with 17k coins!!!).
I always looked at mining roi in terms of BTC not fiat. How many coins could I just buy right this minute with my budget ($1.00 or $1 million) which we can call X. If after your gear becomes obsolete you have X+ then mining was a good choice. If you have X- then buying and holding would have yielded more profit!
The manufactures are very good at pricing machines at just the point where only a select few can make X+ a reality. Remember they have a much better idea of what is coming online then you do. Hence the recent price hike of the S9's.
With mining you don't have any liquidity, which of course is a risk.
Lots of people (mostly in China) and some in Europe, North America and the rest of the world as well make X+ and will for a long time. You might be one of them to which I say good luck sir. As a total side note if you do mine please don't mine on antpool, find a good pool!
Mining was designed as a near zero sum game on purpose and its always working its way towards that (fucking beautiful fucking design if you ask me!).
Anyways hope this helped and good luck!
I dunno about re-selling them but 4k when you get them sounds high to me. But maybe coins will be 40k and people will still pay 4k for a miner. If coins flat line at 17k or drop and hash rate skyrockets seems unlikely an S9 would fetch 4k.
For every miner you buy the manufacture can use the money to put 2 or 3 or 4 or whatever number more machines online for themselves... They can also do it now because you gave them the money now and drive up the difficulty with your money while you sit and wait for it to arrive. I cant imagine that the 10% jumps were seeing are just retails sales of S9's. The batches sell in minutes, so someone is adding a fuck ton of hashpower to the network (lol go figure with 17k coins!!!).
I always looked at mining roi in terms of BTC not fiat. How many coins could I just buy right this minute with my budget ($1.00 or $1 million) which we can call X. If after your gear becomes obsolete you have X+ then mining was a good choice. If you have X- then buying and holding would have yielded more profit!
The manufactures are very good at pricing machines at just the point where only a select few can make X+ a reality. Remember they have a much better idea of what is coming online then you do. Hence the recent price hike of the S9's.
With mining you don't have any liquidity, which of course is a risk.
Lots of people (mostly in China) and some in Europe, North America and the rest of the world as well make X+ and will for a long time. You might be one of them to which I say good luck sir. As a total side note if you do mine please don't mine on antpool, find a good pool!
Mining was designed as a near zero sum game on purpose and its always working its way towards that (fucking beautiful fucking design if you ask me!).
Anyways hope this helped and good luck!
This is a GREAT, simply GREAT explanation to all the people who want to buy(invest into) miners while not really knowing what they are doing and what will happen after they do order.
This guy knows the MATH of investing into hardware or coins and shares this knowledge with you people, for free(!). Who has ears - listens, who doesn't well, they are dumb, what else to say.
Quite rare to see a clever person that actually takes his time and writes CLEAR and understandable points HOW TO DO things and helps people do the right choice.
Flying Hellfish, +
