Btw, PBMining (a cloudmining company) is now competing directly with sales of the S2. At this very moment you can get 1THs delivered today, which you "own" for 5 years with no electricity costs for ~$3,600.
I kind of wish I had those 6BTC back from my preorder so I could buy more hashing power on PBMining. But who am I kidding, I'm a hardware junkie.
Full disclosure, although I am a repeat customer of BitMainTech, I have a PBMiming referral link in my sig. But I am also a customer of PBMining. I currently have 1.19THs with PBMining.
What happens to your money on this "5 year contract" if this little company goes bust or decides to liquidate?
There are always risks involved but you seem to be promoting this one a lot, which makes you look stupid imho.....
J
I'm sort of wondering how anybody is making
ANY of the mining work. I've been running my S1's for a few months now - and no matter which way I run the numbers - it just doesn't work. The only way I can see to get mining to be profitable is for the machine prices to be like HALF of what they are.
The only other way I see that mining "works" - is if you've got situations where IT guys are basically buying machines on the company dime, putting them in data centers (again on the company dime) - and then pointing the mining output to their own wallets.
Then it's hugely profitable to the person with the wallet - because they haven't paid a cent.
I've noticed that nobody seemingly wants to touch this question with a ten foot pole.