Quote from: kobo_eth on March 23, 2018, 02:08:01 PM

Quote from: CryptoSuperPanda on March 23, 2018, 01:35:46 PM

Guys, I am confused Huh

Antminer S9 14 TH/s batch is already sold out...like in 1 day.

What I don't get is why the demand is so high Undecided

Look:

1) BTC is currently trading $8500
2) Antminer S9 14 TH/s price with APW3++ is $1864. With delivery costs and taxes that's about $2000
3) Antminer S9 currently produces about 0.001 BTC per day. That's 0,03 BTC per month. Taking into account difficulty growth Antminer S9 will produce during its life 0,03 BTC * (1 + Monthly difficulty growth) / Monthly difficulty growth (since its infinitely decreasing geometric progression)
4) Average monthly difficulty growth
- in 2017 was 17%
- in 1Q 2018 is 23%
5) So with let's say 18% monthly difficulty growth Antminer S9 will produce 0,03 BTC * (1 + 18%) / 18% = 0,197 BTC during its life
6) But now for the cost of equipment ($2000) you can buy $2000 / $8500 = 0,235 BTC

So you can get 0,235 BTC now or buy ASIC and get 0,197 BTC in like 2-3 years.

Whats the point? Why are people buying Mining equipment now?

Maybe I am wrong somewhere?

I don't account for transactions conformation fee. Is it large? How much in fees you get for one Antminer S9?

Per    Pool Fee       Est. Rewards   Rev. BTC   Rev. $   Cost    Profit

Month 0.000000   0.031014    0.031014   $259.15   $98.64    $160.51
Year    0.000000   0.377333    0.377333   $3,153.00   $1,200.12    $1,952.88

With 2k USD today you can buy 0.23770460 BTC and sell is when it raises with 1,952.88 usd so that you can be happy you got more than miners will ever do for an year

Because you are not taking into account the resale value of the miner. While it is going down a little every day, IT IS NOT 0.

CrypotoCreanis

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