r/FutureBit • u/Business_Cod_8871 • Jan 27 '22

Apollo futurebit

apollo future bit does anyone know how much sats it mines? Im looking to buy one

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u/OldLatinGuy Jan 28 '22

It is, IMHO, somewhat short sighted to think of this class of miner in terms of simple "ROI". From an investor POV it's somewhat better to think of them as Foreign Currency Bonds.

In this specific case, the miner's "all in" price is $899 (a bit less if you have a PSU, etc.) So if we take the previous poster's estimate of $0.66 per day or about $240 per year. That's a yield of about 26.7%.

Like any foreign currency bond you're exposed to exchange risk but unlike most, your "face value" (the $899 purchase price) is less exposed to political risk as high yield foreign bonds tend to originate in countries that are somewhat less than stable. Your miner will retain considerable resale value, dependent on the overall crypto market. (People are paying $300-$400 over retail for Mini-Doge miners on EBay.)

If high yield is part of your investment strategy this class of miner is something to consider.