Completely New to Mining!

[Orbitzz]

Hello,

This is my first post here. I have recently gotten into mining. I want to get about 22 ASIC AntMiner S9's in July when the next batch is available. As I'm still new to all of this feedback or tips would be greatly appreciated. I was also curious although I intend to buy 22 machines is there a point of diminishing return on the machines? Another thing I am concerned about is buying this many machines only to have a new product released within 3-4 months. How well do you think these rigs will stand up over the next 1-2 years even if new equipment is released?

[Get_Liquid]

Since you are going big and are new I'd look into the Giga Watt ICO http://alturl.com/ugese/pw=gaJyD
Check out their instagram https://www.instagram.com/gigawatt_mining/

You'll lock in 3.3c kwh and they do on site repairs. If your miner breaks down you have to ship it back to Bitmain in China at your own expense and wait to get a new one. In general problems are rare, but I've only had 3 Bitcoin miners and had to send one back (R4 home miner) and it took two weeks and $90 shipping even though it was still under the 90 day warranty. Considering Giga Watt does on site repairs you'll have limited downtime and no shipping costs.
Problem is if you are putting your entire budget into the 22 miners, doing the ICO will mean less miners. That's the problem I'm wrestling with now. The upside is the tokens last 50 years and you can rent them out to other miners, the calculator on their site shows lowest rental rate gives 36% return. So less miners now but the tokens will generate income longer than the miners. Anyway if this is your first time mining investing that much money I'd partner with professionals and do the giga watt ICO, but unless you have more money or Bitcoins to invest it will cut into your budget for miners. As for reliability Bitmain are reliable, you shouldn't have problems, but they are running full power 24/7 so shit happens. I wouldn't count on having no issues with 22 miners operating 24/7 for 2 years no matter how well built they are.

[Get_Liquid]

Didn't see the part about new equipment being released, I think we hit a point with 16nm that any upgrades to efficiency won't be as dramatic and the S9's will be profitable for a long time, 2 years especially with price rising isn't unreasonable. Difficulty will rise fast especially with rising prices, but the S9 won't be obsolete due to vast improvements in newer miners for some time. That's my opinion, based on what I heard from Andreas Antonopoulos speeches at Bitcoin meetups posted on youtube basically saying mining chips have caught up to intel and new generations won't be magnitudes of order more efficient than previous generations and will take 18 months not 6 months like the past. That being said the S9 did come out last August if I remember correctly, but it's still the most efficient on the market.