Bitcoin mining with an Antminer?

[John Connor]

I'm new to Bitcoin mining and would like some opinions on my idea. The idea is to get a small loan (don't laugh) and buy this.

Would this not be a good idea based on the difficulty changing?


The price per KW/H is roughly $0.07.

 

[[DHT]Osiris]

I'd be suspect about your prospects of beating the loan interest + power costs. I don't know that much about BTC returns though. I do know that their quoted power efficiency will only be applicable if you have 205V mains though, per their 'recommended PSU'.

I dunno, i'd do a ton of math on this prior to diving in, and look at your ROI compared to loan length, interest, etc.

 

[John Connor]

Yeah, I did some research and it would take me a year to pay off with maybe a 100 bucks profit if the interest was around $400.

 

[fastamdman]

It wouldn't be a horrible way of building up credit though, that's for sure. Profit + building up credit is never a bad thing!