S9 Bitcoin miner

Network by far, but one unintentional consequence of that rapid growth was increased centralization. There was accumulation of profits, in China, where mining is most profitable that resulted to several contenders (e.g. KNC) being kicked out of the industry.

We have tried to calculate the amount of money that the Chinese have invested in mining; we estimate it to be in the hundreds of millions of dollars. Even with free electricity we cannot see how they will ever get this money back.

  • S9 Bitcoin miner – $1415 + Power Supply $115 + Shipping $100 costs
  • ROI – $18 a day x 30 days= $540 X 12 months = $640
  • Expense – Electricity $75/month cost 1300 watts

Leave a Reply

Your email address will not be published. Required fields are marked *

TRENDING TOPICS

Harvard Purchased a Cryptocurrency!

Harvard University has recently bought into a

18 Apr, 2019

The SEC Publishes its Highly Anticipated Crypto Token Guide

Token issuers now have guidance from the

06 Apr, 2019

Subscribe To Our Newsletter

Keep in touch with the latest news and the most efficient ways to trade your digital cash today.