Any bitcoin fags here?

Any bitcoin fags here?
I'm thinking about investing in mining equipment

pic related, is this good for a beginner?

Only if you steal the power to run it from a neighbor

ya, dont, youre too late, your not going to make any money, unless you spend a lot but if you spend a lot its going to take a lot of time to make that money back

Don't use bitcoins. Way to high difficulty.
Buy a decent gpu and mine ethereum. Even if it fails, you can still sell the gpu for a good price.
Just Google ethereum profit calculator or something like this and check which gpu is in your best interest.

Nope - ETH is crashing

You're late, like 5 years late.
To mine 1 coin willl take you like 80 years or something. Good luck.

If you want to invest it is a risky time. That's true. But it's far away from crashing.

i have some extra cash and i really want a miner, can i use one of these miners with ethereum or does it have to be a gpu?

Nobody wants to mine a whole Bitcoin by themselves, you are several years later, like after the mining pools

Antminer S9 is 14TH/s
14TH/s = $ 12.57/day
$12.57 - ELECTRICY = $ 8.54 /day
= $ 3,116.79 / year

1,141 USD is the cost
132 days to pay back

NO! complete different. however you can mine other alt coins

read It takes one year to mine Ƀ 1.16

this is what i was looking for, thanks!

OP never mentioned anything about pools or anyone else for that matter, so I can't assume he's not doing it alone.

That's STILL not even worth it. What's the price on the coin now? 4000$? Maybe a little more? I doubt it will ever get back to 5k$.

Cryptofag here user, this is not a good time to invest in a antminer, new mining equipments are going to bump the mining difficulty in the next months, before your return of investment. You should try with them but only if you can pre-order and have it shipped in a short time. The chinese manufacturing company of miner equipments has shity delivering times, that's why the hashing power is concentrated in China.

thanks, i guess i have a lot of reading to do before buying equipment

No need to mention it, no one mine alone this days, it's just not competitive and a waste of time and money. There are just pools now, welcome to current year

>Implying a crash isn't the best time to buy

You are the kind of guy who buys at all time high right?

uh dude, you take a loan, do that, live like shit for 132 days and once you reach that you make money from....nothing.


You get that? NOTHING. Sit on your ass and watch porn all day. But, you know working for 40k a year is ok if you are stupid.

Like, let me calculate for you
Say I bought 4 ant miner s9s. My loan was 7.39% and a payback period of 1 year I would only have to pay 450$ ish dollars (AUD) a month and I'd make 900$ total so 450$ a month for 113 days...when its past 113 days I make, 900$ a month. .... letting me buy another in 2 months, and so on....

Just a miscalculation I meant $ 1,387.57 a month. I rounded the 14th/s to 10th/s.

So its 900$ with the bank taking the 450

Not of the difficulty gets to high or the coin drops. In theory I am on your side. But if one of this happens you are fucked.

Difficulty wont get too high that the payback will be >200 days. thats impossible. Even if it does happen you will eventually get profit with these newer miners. When that happens, have you really lost?

speak for yourself

This shit seems so complicated, am I just fucking dumb?

china has recently stopped the use of bitcoin as a currency in its borders, bitcoins will be dead in 6-12 months, stay as far away from them as you can

i have about 5k saved so your math is very encouraging, i'm worried about an increase in difficulty though

And the coin drops to an all time low? Hmm? What yah gonna do afterwards? user will still have his job, making money, while you'll be homeless.

Yeah, I tried this crypto thing and I couldn't understand shit. Maybe we are stupid, feelsbadman

Well isn't that life? if you really don't want to risk it just put that into a term interest fund.

It's true. Which is why you SAVE money.

what happened to dogecoin?

I guess it died out, like the meme

IT WAS A pump and dumb