Honestly to me its not worth it anymore to mine bitcoin, unless you have alot of money to spend on manyyyyy ASICs. At this point I find mining Bitcoin through cloud mining to be alot easier for me, which is what I am doing now. I did come across this nice article that breaks down some information on the ant miner.
https://bitcoinworldwide.com/mining/hardware/antminer-s9/
Doing the price calculator for me and given the KW/H I pay where I live its not worth it for me. Unless you have extremely cheap electric it will eat away at your profits in the end.
Yeah I looked into it a little bit but you would need almost 12 miners to actually mine a bitcoin and make some profit. 12 miners though...that's an investment not to mention what you said about the utilities price would almost drown your profits in the first year.
Hmm I keep hearing mixed reviews about cloud mining though so it makes me nervous about jumping in.
I hear ya man, I was and always will be skeptical of alot of things in cryptoland. But you know what they say. Scared money dont make money! I decided to pull the trigger on cloud mining not long ago and I love it so far. Its mindless really. If you have the extra money to invest that is it can totally be worth it. Lets say you take that $2100 you wanted to spend on an ant miner and buy a contract with it. For bitcoin mining you could get roughly 15 TH and pay 0 electricity costs. That would yield roughly $13 per day and about 5k per year. But you do have to factor in difficulty rises. But anyway yeah not all cloud mining sites are a scam. Genesis Mining is one of the most well known cloud mining sites and have been paying people for years.
If your interested use my link https://www.genesis-mining.com/a/788835 and when your ready to upgrade let me know and use my code XVlSM7 which will save you 3%. Ill return the favor by using your code on my next upgrade! Happy mining man!
Yeah that's true but the difficulty after a couple weeks exponentially rises. Or at least that's what I got from the posts I read.
Will do! If I grow a pair and jump in I'll for sure let you know haha