Post
Topic
Board Hardware
Re: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order
by
rifleman74
on 01/02/2018, 03:17:35 UTC
You're assuming that BTC stays around this price level.   Many of us miners, feel that that stance, is flawed.
Yeah I think I've explained that in the long discussion I had after that first post.
What I'm advocating for is selling your S9's now if you have them (and turning that money into BTC) or if you're about to buy one, don't, turn that money into BTC. Also, turn the money you would pay for power directly into BTC.
You'll be better off in the long run regardless of what BTC does as with the rate the network hashrate is growing, the amount of BTC your S9 will make is declining rapidly.

Quote
You were smart to sell the miners though, no problems in recognizing a profit from these guys, whether it's by usage or selling them off.   Kudos.
Thanks, I believe (and this is not based on numbers, just an educated guess), there will be a good opportunity to get back into the game in a few months time.
Either when new hardware is available and/or when all those March batch S9's have come online and soon after get taken down again because of non-profitability and start flooding Ebay. There will be bargains to be made.


Anyone who doesn't do what I tell them to do is a "looser"  yes spelled incorrectly for a reason.  We see through your plan.