Yo, I can get my hands on one of these Antminer D3's for 2000$. It seems ridiculously profitable. where I live, at the current difficulty, I would most likely get my ROI back in about a month. This cant be true, surely? How is it this profitable? what am I missing?
>>62018895
>>>/biz/
But also, how much does your power cost? If it's well below the global average then that's your competitive advantage and the reason you can profit. Well, that and the strange confluence of circumstances surrounding the Bitcoin Cash split.
Power cost. If you have super cheap electricity go for it.
>>62019153
for "super cheap", read, "free". You're competing against datacenters full of these in China that get 100% free (gratis, free beer, zero-cost) electricity. Several of the bitcoin mining operations are located where they are because the commies put a giant hydroelectric dam somewhere, pissed people off by destroying their homes, and then to buy off the local population, give them free power.
>>62019152
>>62019153
Not too much, about 0.1$ per KWh.
My concern is when these things actually ship, the mining difficulty is going to skyrocket (although probably the value of dash coins as well). Id only get the unit probably in October, at which point I will most likely have missed the initial low-difficulty period
>>62019186
>You're competing against datacenters full of these in China that get 100% free (gratis, free beer, zero-cost) electricity
It's not exactly gratis but it is ridiculously cheap. Even then it's not that easy to turn a profit, considering the investment on ASICs, infrastructure, etc.
https://qz.com/1054805/what-its-like-working-at-a-sprawling-bitcoin-mine-in-inner-mongolia/
>The bitcoin mine and the industrial firms have one thing in common: They use a lot of electricity. The local government has attracted Bitmain and several “cloud services” companies to the park by offering them a 30% discount on the electricity price, said Su Jiahai, who deals with local governments to build mining farms for Bitmain. The mining farm uses 40 megawatts of electricity per hour, about equivalent to the amount used by 12,000 homes during the same period. It pays roughly $39,000 a day for its electricity bill, even with the discount.
Also >>>/biz/
>>62019202
Yeah, you may want to compare GPU mining altcoins instead, so that if the ROI time increases (it will) you at least have a nice GPU you can use.
>>62019220
>4 cents/kWh
That's more than I expected. There are places in the US where power is around 7, so mining can be competitive during price spikes.
>>62018895
you want an L3+ and /biz/