we are negative but very early.
as for the promos . the 2/3 that miss the correct payments pay for the 1/3 that make the correct payments.
if you don't miss you can make a ton off it.
for instance.
I could get that card and buy 2 of these.
https://vmssecuritycloud.com/product/bitmain-antminer-s17-pro-53th/cost of 650 get a 2 percent rebate
get 200 right away that is 213
real cost of 650-213= 417 with 15 months to pay.
they do 84 th or $4 a day. If I have a no cost power spot . I have 420 in 105 days. gear paid off.
and still making $4 away.
I got up to 210kwatts of gear financing most of it like above. but the power deal died and I am now selling off paid for gear.
Without a doubt, this explains why the USA manages to have the largest number of miners in the world.
Over the years, it has been relatively easy to acquire this equipment, with accessible credit mechanisms, quickly obtaining the necessary profit. Of course, a good financial strategy is essential, but if well planned everything would go well.
Now you can still make a profit by selling used equipment.
I also can sell all the used gear stack coins or buy all s21's/t21's L7's and mine at a hosting center.
With six or 12 months prepaid power.
this is about 24kwatts of gear which is 24 x 732 x 0.07 = 1230 usd a month power cost.
I have lots of gear to sell on eBay. I will likely setup the above mentioned gear and prepay about 6 months at a center for 7500 or so.
my profit projection for that is 6500 after power, but maybe we take off.