Unboxing and Review of Bitmain Antminer S9
7 years ago in #bitcoin by cloh76 (66)
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It is very good investment but the electricity it takes to run this machines isn't a joke. It is not the price of a machine that scares people, it is the cost of maintaining it.
That is true, however, with the current value of Bitcoin and Difficulty, the earnings care for the cost and still provide a good amount of return. That is assuming you don't live in a country with high electricity costs. Here in the US my monthly earning with electricity costs is 900+ USD and I ROI in less than 2 months. When I lived in the Philippines however, that was a completely different story where I had to consider the heat and the high electricity costs which would have nearly cut my current earnings by almost 2/3s.
I live in Canada. Our electricity costs are SOOO HIGH. I will probably get close to $2000.00 a month just to maintain it. But yes, I haven't really looked into doing it. It should be interesting to see to know more about them.
Ouch.
Did you order direct from Bitminer? I see a bunch of different items are sold out. Any alternatives that are reasonably priced?
Yep, I ordered directly from Bitmain. I pre-ordered 3 months before shipment. Knowing Bitmain, they will probably announce another batch of S9s after the Christmas break, however, you will probably need to wait 3 months before it ships out. That is their new operating model.
Appreciate the insight. Let us know how the mining is going once you have it all up and running.
They just announced another batch of S9s this morning for a February shipment.
There already sold out.
Ooooo goodies!!!
Remind me to make you a steemph footer 😉
THANKS @bearone I definately will
Excellent post. I'm curious as to if it would be worth to just grab one of these at the moment and slowly work my way up from there, what would you recommend?
That is how I started. slowly built myself up and re-invest some of the earnings to buy more ASICs. I think cryptocurrencies are still young and new and still have a lot more potential.
Sweet, thank you. I'm debating on buying an asic or building an eth/xmr/zcash/etc mining rig with gpus.
I think it's win/win if you are in it for the long run. I am putting together another GPU rig right now for ETH mining. I'll post about it once it is complete. Earnings will be less, however, there is still a lot of potential.
Earnings will be less, but you can mine different coins with gpus. I just don't know if I want to start with asic or gpu mining. Going to have to flip a coin or something.
Yup. Both are good investments with the current situation
My problem is I'm not sure where I'd put either of the miners when I get one or build one. I live in an apartment and have like no room for it.
Also, what do you think about mining litecoin with bitmain's L3+ miner? Current difficulty it seems to be around a $10,000 a year profit for me,
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Wow, great post! I have to check it out again.
Thanks @steveperzia. Lemme know if you need more info. Im happy to keep you posted
If I had known it takes 3 months for a delivery I would have put my money into genesis mining. I did not have enough on a S9 and wanted to mine bitcoin. Sorry to detour from topic. Anyways since you been using the S9 were there any malfunctions or hiccups along the way? thanks.
None. The S9s are working flawlessly. Haven't heard many people having issues with S9 batches, unlike D3s. My shipments of S9s and D3s have been purring along with no problems so far and they are mining 24/7.
I have some hash in Genesis mining, but earnings are a bit slower... Biggest benefit is no loud noises, but I have mine in enclosures in the garage