Has anyone noticed the new hydros on Bitmain’s website are sold out? At 200 units I think to purchase from Bitmain. My take is the big money thinks things will turn around. Anyone have any thoughts?
Im assuming somewhere that has a lot of hydro power would have bought some, think about it. In current market conditions one of the T19 hydros makes about $11 USD a day before electricity. depending on their running costs of the hydro plant, if they bought the October batch for less than $2200 per unit. Where as for any regular home miner one of these machines would burn way to much electricity. so lets say it is 300 days to pay back one of those miners in these market conditions when Bitcoin price is coming low, imagine how much they will rake it in when it reaches it’s next all time high. I would love to know how long it would take for a hydro plant to pay back those miners. for reference How Northern Italian Hydropower Producers Became Bitcoin Miners (coindesk.com)
EDIT: I wanted to buy one for myself for this reason except I produce enough solar power with battery storage to run one 24/7 but minimum order was 200
So the $2200 was the total price? Resale is $15,000 that’s crazy. I assumed the $2200 was a deposit. That being said I don’t have $440,000 to meet their 200 unit requirement.
for the T19 hydro BITMAIN Shop
If you look at the payment plan it says 70% upfront and the remaining 30% as the second payment, I’m assuming thats how it works I have never bought directly from bitmain
you must be meaning the S19? Surely the resale isnt $15k when it isnt profitable unless you generate your own power (for the T19). If you have a link to a resale price of $15k I’d love to see it, I cant find any. Thanks mate
If you buy a hydro you need to buy 200 of them as well as the special shipping containers for them from bitmain, they only honor the warranty if you do that.