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05-06-2021, 10:12 AM #1
- Join Date
- Aug 2016
- Posts
- 486
Ever since I actually wrote the numbers out in my above post, I feel that the longer I don't move on this idea, the more from anxiety I have.. It's strange how that when you write something down, it get so much more real..
Since the Antminer E9 is not currently for sale, plus when it does go up for sale, I feel like they are going to be very hard to come by.. I am seeing tons of news of companies placing orders for 100's of millions of dollars of mining hardware from Bitmain (the company that makes the Antminer). Here is one such article https://www.globenewswire.com/news-r...eployment.html
So perhaps I can start small, and just get my feet wet with mining by buying an older used Antminer. I would feel comfortable going in with 1/10 of the hashrate and power consumption the E9 uses.. Hopefully I can find a used 1 for 1/10 the cost.. But as long as it can produce 1/10th the profit, it is still a win..
So a miner that is 1/10 of the E9 would have the below specs.
0.3 Gigahashes (300 mhs) using 255.6 watts of power.
Which would profit $650 per month.
If I could find a used miner with those specs that costs $2000-$3000 I am going to purchase it asap.
Going to start searching Ebay, Amazon, Facebook Market Place, Craigslist, Alibaba, etc....
If I can pull this off, this would essentially be proof of concept.