Don't waste money on bitcoin miners. If you buy the s1,s2,s3,s5,usb miners you will be losing money.
There is difficulty that will be increased every 14 days.
People are buying these miners thinking they will be making a lot of money. Look at the following chart showing the profits for the 1000 bitmain s7 as difficulty increases.
Date profit. Power cost. Total profit
12/4 308.23. 116.64. 191.59
12/6 257.75 116.64. 141.12
12/20 216.58 116.64. 100.04
1/3 187.27 116.64. 70.73
1/17 164.95 116.64. 48.01
1/31 147.39 116.64. 30.75
2/1 133.20 116.64. 16.56
2/15 121.51 116.64. 4.87
As you can see your profits decrease ever 14 days ad the bitcoin difficulty increases. You will end up only profiting 4.87 by February 15th.
The sellers are taking advantage of the buyers because of the rise in the price of bitcoin.
You might as well just buy the actual bitcoin.
There is difficulty that will be increased every 14 days.
People are buying these miners thinking they will be making a lot of money. Look at the following chart showing the profits for the 1000 bitmain s7 as difficulty increases.
Date profit. Power cost. Total profit
12/4 308.23. 116.64. 191.59
12/6 257.75 116.64. 141.12
12/20 216.58 116.64. 100.04
1/3 187.27 116.64. 70.73
1/17 164.95 116.64. 48.01
1/31 147.39 116.64. 30.75
2/1 133.20 116.64. 16.56
2/15 121.51 116.64. 4.87
As you can see your profits decrease ever 14 days ad the bitcoin difficulty increases. You will end up only profiting 4.87 by February 15th.
The sellers are taking advantage of the buyers because of the rise in the price of bitcoin.
You might as well just buy the actual bitcoin.