What does it cost to start mining with a 13.5 TH/s Antminer S9?

We just reduced the price of our preinstalled Antminer S9s from €1090 to €890, and here‘s how it adds up.

A two hundred euro saving sounds pretty sweet, right?

And it is.

We’ve worked hard to improve our logistics and find ways to shave as many cents off the delivery and installation costs of our preinstalled machines.

Our goal is to make cryptomining simple and affordable. Without letting you get lost in opaque cloud mining contracts and multi level marketing campaigns.

You can buy one of our preinstalled machines today and it will be paying into your Bitcoin wallet within a few hours.

“Don’t go breaking my heart. I couldn’t if I tried.”

Sounds good. But aren’t the machines cheaper direct from Bitmain?

It can sure look that way.

The current price for a 13.5 TH/s Antminer on shop.bitmain.com is $608 (or €521). But we need to consider all the other costs that come with ordering one unit from China, let alone how much your electricity and other costs are going to stack up once you start running the machine.

First of all don’t forget you are going to need to add a Power Supply Unit to your order. So that already bumps things up to around €600.

Then, you’ll need to cover the cost of delivering the machine to your part of the world. For one machine to Norway it can costs $177.29 (€150) as shown in this screenshot we took from shop.bitmain.com today.

Another thing to consider is import tax. This, of course, varies from country to country. Some of our first customers were actually from Norway, where the import tax on mining machines is a whopping 25%. Which means in total to buy one machine from Bitmain costs them:

$698: Machine and PSU

+

$177.29: Delivery

+

$218.81: Import Tax

=$1094 (€936) to order one Machine from Bitmain to Norway.

Plus you can be charged as much as 26% as a local handling fee from the delivery company.

And then there is the delivery time as well. It can take 14 days for your machine to arrive — and that’s once Bitmain has processed your order and actually sent it from their warehouse.

Each day you wait for delivery is another day you are not earning into your wallet. With Cyberian Mine your machine is switched on the same day.

What about Bitmain discount coupons?

Yes it’s possible to make good savings on the Bitmain price if you can get hold of money off coupons.

There is a secondary market for coupons and if your timing is right you can save a fair amount off the ticket price. That’s one reason why we introduced our Direct Delivery service where you can buy machines direct from Bitmain and have them delivered to our facilities in Irkutsk.

So what does Cyberian Mine charge?

On a basic level we charge €890 for a preinstalled machine that is running for you in our Siberian facilities.

You benefit from our €0.03 kwh electricity costs from the day you purchase the machine — our facility costs are €0.03 kwh and we charge 10% from your NET profit after those costs as our fee.

Here is how we break the €890 down:

The miner itself — € 521 (Bitmain’s price)

Original Bitmain Power Supply Unit — € 90

Delivery to Siberia — € 55

Import TAX — € 110

Installation fee — € 36

Hot-swap fund (extended warranty) — € 78

“Push me. And then just touch me. So I can get my satisfaction.”

The Nitty Gritty

If you are starting to see that these figures make sense, then please take some time to read over our Hosting Agreement and get familiar with the electricity and facility costs — and our monthly 10% fee from your NET profits, that you will be responsible for when mining from our facilities.

This calculator gives you an idea of what your monthly profit at today’s Bitcoin prices will be. We have already filled the variables with the actual electricity consumption and output from one of our Antminers.

What’s the hot-swap fund all about?

This means if any of your units (or their PSUs) need maintenance we just swap them to a backup machine to minimize downtime, while we are taking care of diagnostics or taking it to the repair-shop and back.

It’s an extra level of insurance to make sure your earnings continue even while your machine is being fixed. The more machines you run with us, the more helpful this is going to be.