Bitcoin Mining in December 2017 – Still Profitable?

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UPDATED VIDEO: https://www.youtube.com/watch?v=x9p7t0stipo

PLEASE NOTE: I used eBay pricing for the miners in this video. If you see any lower prices on retail websites for these miners, please keep in mind that miners sold directly by retailers are almost NEVER available. For this reason, secondhand prices are some of the most accurate for the time being.

MINER PRICES FOR NON-BELIEVERS:

https://www.ebay.com/itm/Bitmain-Antminer-U1-Bitcoin-ASIC-Miner-USB-1-6-2-GH-s-Gold/282741229859?hash=item41d4b0c923:g:FlkAAOSwalpZymYw

https://www.ebay.com/itm/Bitmain-Antminer-U2-USB-Bitcoin-Miner-2-GH-S-Red-Color/173005288774?hash=item2847eb3546:g:u-AAAOSwmudaAnrL

https://www.ebay.com/itm/Gridseed-Orb-SHA-256-Scrypt-ASIC-Miner-X-2/112648198804?hash=item1a3a5b1a94:g:FbkAAOSwnDpaEfm6

https://www.ebay.com/itm/Bitmain-Antminer-S1-Dual-Blade-180-Gh-s-Bitcoin-Miner/162778524606?hash=item25e65b2bbe:g:sSEAAOSw~v1aHY9H

https://www.ebay.com/itm/Bitmain-Antminer-S3-Bitcoin-Miner-440-500-GH-s/253273204257?hash=item3af8426621:g:5KYAAOSwc2FaFjRP

https://www.ebay.com/itm/Bitmain-Antminer-S7-Bitcoin-Btc-cash-ASIC-Miner-4-73TH-s-110v-PSU-Included/372142593594?hash=item56a56d563a:g:OBoAAOSwhpZaDzj7

https://www.ebay.com/itm/BitMain-AntMiner-S9-14TH-s-with-APW3-Power-Supply-January-Batch-Brand-New/202130518887?hash=item2f0feaf367:g:CRkAAOSwsFpaF1UN

https://www.ebay.com/itm/Avalon-Miner-741-7-41-TH-s-Brand-New-US-seller-IN-HAND-Ready-to-ship/302550053323?hash=item46716371cb:g:yK8AAOSw8b1aIXyx

https://www.ebay.com/itm/Avalon6-Bitcoin-Miner-Kit-2-Avalon6-w-2-1200w-HP-Power-Supply-7-0-TH-s/253285484923?hash=item3af8fdc97b:g:x~wAAOSw~HBZ~yPK

https://www.ebay.com/itm/Spondoolies-Tech-SP20-Jackson-1-3-1-7TH-s-ASIC-Bitcoin-Miner/161959842481?hash=item25b58f12b1:g:o2IAAOSwGotWp8K7

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Bitcoin Mining in December 2017 – Still Profitable?

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Created by Sara Bauer and Richard Abermann

33 comments

  1. Guys I am mining from 2010 and if any single human being ever tells you that mining (in general) is not profitable, or is dying you have 2 choices either make a huge joke out of him/her or ignore completely. I think the reason for this kind of videos is to build youtube revenue and to remain actual inside the crypto community for further revenue through pre-paid advertising.

  2. I miss the time I could mine with USB sticks. I made 0.3 BTC and paid maybe like 300 dollars with fiat and HODLed. So they were profitable in the long run. That was until 2014.

  3. Interesting, I have the free nights from 9 pm to 6 am electric plan. Looking to possibly turn the free electricity into money.

  4. the more reason you should look for another alternative in mining coins than what you know already.

  5. That doesnt sount right – USB sticks came along in June 2013 and cost something like 3 coin each which was three hundred bucks…you definitely should have just bought the coin.

  6. You do realize they will crash Bitcoin so they can take it over “for your safety”
    Hahahaha….. Everything is for “your safety”. As they take your rights away.

  7. check the prices of graphic cards, , and hash rates of graphics cards, and how much electricity they consume

  8. People are not taking into consideration of power usage..ur gonna waste your time breaking even…that’s plus other electricity cost

  9. Suppose there is a power cut or my internet is down, what happens to the mining after i get my service (internet / electricity) back?

  10. all i have to do it hit the button on this super-cool faucet website once a day every day for 5.87 years and i will have 30000 satoshis!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    i’m considering upgrading to 2wice a day, but taking weekends off.

    math is hard.

  11. i have more than 13000 kw hours of electric power with 1500 more every month. anyone interested in mining with this for a fee?

  12. It would have been a lot more helpful if you set the bar at worst case scenario especially for operation costs.

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