With all the rumors of new miners coming out soon buying bulk s9 ballzy move.
Isn't it just? I guess they feel the need to start generating some income, any income....that ROI needs paying, but they ain't going to do it with S9's.
They are immediately available and cheap tho, so maybe the cave will be humming by say early July? (Obv. no June profit= no June payment?)
On current difficulty and price, I estimate 30 days mining with 500 X 'averaged out S9's' will return something in the region of $60k gross.
That breaks down as
50% return to investors of $30k
20% retained for reinvesting $12k
20% expenses $12k
10% IR keep $6k
Three questions:
What's the ROI on all the tokens sharing $30k return between them? "400% annualized?" Na.....
When do they reinvest the $12k what do they buy, when does it come online and start earning?
At $0.03 per kWh, in 30 days 500 S9's will use about $17,000 of electricity. How does that $17k come out of $12,000 allowed for all expenses, including electricity, staff, security etc.?