Hello, I have a question, I asked about this ASIC the Bitmain Antminer E9, a hell of an ASIC that costs about 30000$ (well if we find it) and I looked on the site whattomine the profits I can make with this machine and I saw for more than a week a figure that turns around 230$ of profit per day which is just HUGE !
and i did a little calculation 230 x 365 = 83950 !! 83950 (profit per year) - 30000 (price of the asic) = 53950
it's just monstrous in less than a year without counting the electricity (0.06€ per kWh) I'm in the profit in less than a year!! how to explain that?
Can someone please enlighten me, tell me if there are hidden costs that I don't take into account except for taxes, there are no additional things to take into account in there because it just seems huge
how do I justify this please?
1) You can't get it so who cares.
2) The risk to getting an asic that only mines eth is eth has tested the progpow algo and can switch to it if they want to.
3) Maybe they actually do go to POS in 2022 ( I doubt it)
These 3 answers cover it.
4) bitmain is better off not selling them and just mine eth as much as they can.