Hey @acidyo I have a question for you. I wrote a post yesterday asking this question but I'm new and don't get much traction so it went unanswered. I bought and used antminerS5's (4 of them) back in 2015. Do they serve any purpose at this time? Can they be used for anything that you are aware of? Bitcoin Cash?
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Hmm it should be possible to mine BCH with them as far as I know. It uses the same PoW algo as Bitcoin so yeah.
Is it not profitable to mine BTC with them anymore?
The S5's Hashpower of 1.16 TH/s compared to AntminerS9 @ 14 TH/s is so depressing 😂
I stopped running when I wasn't recouping my electricity costs.
Well you shouldn't think in electricity costs but more about the potential price of btc a few years from now. :)
Right! I know that is how I tend to think like all of my bitcoin I've kept and even when it's hit new highs I'm never tempted to sell because I care about holding the coins and the future use of bitcoin and cryptocurrency in general. I tend to forget that though about the mining aspect. Also I like the fact that they move into your possession directly with no intermiediary i.e. Coinbase. Really awesome chatting with you! Thanks a bunch!
But if you want to hold it wouldn't it be better to just buy BTC if it is cheaper? Why the effort to maintain the process and be surrounded by fan noice?
@napkin I have a brick and mortar game/comic store with a place to have them running where they don't disturb people. Also have commercial power rates. It's also a tax write off because it's on "display" in our game room. And there is the fact that when I mine I collect the coins "anonymously" unlike using coinbase. Plus it's actually a lot of fun 😊 Gets new people every day who come in the store talking about bitcoin and crytocurrencies 👍🏻 Here's a pic:
Okay wow with all these benefits I am really happy for you :)
Haven't run them in a long time so we will see how it goes 😊
Yeah, that's why I don't recommend mining, especially not Bitcoin.
Thanks for the reply 😊 I'm going to research the possibility of mining some BCH even if I don't make back the electricity costs I'd still like to mine a bit.
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