Hi guys!
I wanna have some advices from you, I'm planing on buyin some bitcoin miners (avalon 840) they have an individual electric consomptions that is not really hight I know but because I wan to buy like 200 the annual bil will be around 50k$ acording to the electricity prices in y country, and I calculated that to be able to pay the fees and the bills that i need to maintain the thing runing I need a Bitcoin price of around 12.5k$ so here comes my question for you guys,
- Do you thing that the bitcoin price will go under the 13k$ bar? and
and if u hade an experience with this particular miner I want to know what do you think about it.
Thank's to anyone that answers!
I wanna have some advices from you, I'm planing on buyin some bitcoin miners (avalon 840) they have an individual electric consomptions that is not really hight I know but because I wan to buy like 200 the annual bil will be around 50k$ acording to the electricity prices in y country, and I calculated that to be able to pay the fees and the bills that i need to maintain the thing runing I need a Bitcoin price of around 12.5k$ so here comes my question for you guys,
- Do you thing that the bitcoin price will go under the 13k$ bar? and
and if u hade an experience with this particular miner I want to know what do you think about it.
Thank's to anyone that answers!
Okay they do 10-12tb so 2000-2400 if you have 200.
2000 x .32 = 640 a day x 365 = over 200k
minus your bill of 50k for power means over 150k profit in a year.
first how much are you paying?
second is the gear coming from a good seller?
third two hundred pieces will make heat. so how do you cool gear.
fourth you need a lot of wires etc to set it up.
next does price drop?
does the diff jump?
all in all maybe you are in over your head if you never ran a farm with 200 pieces shit happens.
hey!
so to answer some of your questions:
- I found a supllier in china that sells them 197$/piece so in total it will coast around 40000$
- the gear is used acording to the seller but I don't know for how many time it kept runing.
- for the heat I have a larg basement (500m²) that prety cold most of the year and have exit hoals for ventilation and if it's not enought I will install air conditioning (with electricity prices it will not coast much).
- for the setup I already have a budget for that and planin on seeing an industial electrician to do the instalation.
- now for the price drops and all I calculated that I need a minimum price of 13k to be able to pay bills and all.
but the thing is I didn't take the increasing mining difficulty into account and I redid the calculations with an online tool that includes the difficilty increase so for a difficulty increase of 2% and a Btc price of 47000$ I had this result
Start Date Network Hashrate Revenue Elec. Costs Profit Total Profit Payback Progress Difficulty Change
Week 1 219.49EH/s ฿ 0.04113203 ฿ 0.01829343 ฿ 0.02283860 ฿ 0.02283860 2.71 % 2%
$ 1953.77 $ 868.94 $ 1084.83 $ 1084.83
Week 2 223.88EH/s ฿ 0.15195559 ฿ 0.06893375 ฿ 0.08302185 ฿ 0.10586045 12.57 % 2%
$ 7217.89 $ 3274.35 $ 3943.54 $ 5028.37
Week 3 228.36EH/s ฿ 0.14897607 ฿ 0.06893375 ฿ 0.08004233 ฿ 0.18590277 22.08 % 2%
$ 7076.36 $ 3274.35 $ 3802.01 $ 8830.38
Week 4 232.93EH/s ฿ 0.14605497 ฿ 0.06893375 ฿ 0.07712123 ฿ 0.26302400 31.23 % 2%
$ 6937.61 $ 3274.35 $ 3663.26 $ 12493.64
Week 5 237.58EH/s ฿ 0.14319115 ฿ 0.06893375 ฿ 0.07425740 ฿ 0.33728141 40.05 % 2%
$ 6801.58 $ 3274.35 $ 3527.23 $ 16020.87
Week 6 242.34EH/s ฿ 0.14038348 ฿ 0.06893375 ฿ 0.07144973 ฿ 0.40873114 48.54 % 2%
$ 6668.22 $ 3274.35 $ 3393.86 $ 19414.73
Week 7 247.18EH/s ฿ 0.13763086 ฿ 0.06893375 ฿ 0.06869712 ฿ 0.47742826 56.69 % 2%
$ 6537.47 $ 3274.35 $ 3263.11 $ 22677.84
Week 8 252.13EH/s ฿ 0.13493222 ฿ 0.06893375 ฿ 0.06599847 ฿ 0.54342673 64.53 % 2%
$ 6409.28 $ 3274.35 $ 3134.93 $ 25812.77
Week 9 257.17EH/s ฿ 0.13228649 ฿ 0.06893375 ฿ 0.06335274 ฿ 0.60677947 72.06 % 2%
$ 6283.61 $ 3274.35 $ 3009.26 $ 28822.03
Week 10 262.31EH/s ฿ 0.12969264 ฿ 0.06893375 ฿ 0.06075889 ฿ 0.66753836 79.27 % 2%
$ 6160.40 $ 3274.35 $ 2886.05 $ 31708.07
Week 11 267.56EH/s ฿ 0.12714964 ฿ 0.06893375 ฿ 0.05821590 ฿ 0.72575426 86.18 % 2%
$ 6039.61 $ 3274.35 $ 2765.26 $ 34473.33
Week 12 272.91EH/s ฿ 0.12465651 ฿ 0.06893375 ฿ 0.05572277 ฿ 0.78147703 92.80 % 2%
$ 5921.18 $ 3274.35 $ 2646.83 $ 37120.16
Week 13 278.37EH/s ฿ 0.12221227 ฿ 0.06893375 ฿ 0.05327852 ฿ 0.83475555 99.13 % 2%
$ 5805.08 $ 3274.35 $ 2530.73 $ 39650.89
Week 14 283.94EH/s ฿ 0.11981595 ฿ 0.06893375 ฿ 0.05088220 ฿ 0.88563775 105.17 % 2%
$ 5691.26 $ 3274.35 $ 2416.90 $ 42067.79
Week 15 289.61EH/s ฿ 0.11746662 ฿ 0.06893375 ฿ 0.04853287 ฿ 0.93417063 110.93 % 2%
$ 5579.66 $ 3274.35 $ 2305.31 $ 44373.10
Week 16 295.41EH/s ฿ 0.11516335 ฿ 0.06893375 ฿ 0.04622960 ฿ 0.98040023 116.42 % 2%
$ 5470.26 $ 3274.35 $ 2195.91 $ 46569.01
Week 17 301.31EH/s ฿ 0.11290524 ฿ 0.06893375 ฿ 0.04397150 ฿ 1.02437173 121.64 % 2%
$ 5363.00 $ 3274.35 $ 2088.65 $ 48657.66
Week 18 307.34EH/s ฿ 0.11069142 ฿ 0.06893375 ฿ 0.04175767 ฿ 1.06612940 126.60 % 2%
$ 5257.84 $ 3274.35 $ 1983.49 $ 50641.15
Week 19 313.49EH/s ฿ 0.10852100 ฿ 0.06893375 ฿ 0.03958725 ฿ 1.10571665 131.30 % 2%
$ 5154.75 $ 3274.35 $ 1880.39 $ 52521.54
Week 20 319.76EH/s ฿ 0.10639313 ฿ 0.06893375 ฿ 0.03745939 ฿ 1.14317604 135.75 % 2%
$ 5053.67 $ 3274.35 $ 1779.32 $ 54300.86
Week 21 326.15EH/s ฿ 0.10430699 ฿ 0.06893375 ฿ 0.03537325 ฿ 1.17854929 139.95 % 2%
$ 4954.58 $ 3274.35 $ 1680.23 $ 55981.09
Week 22 332.68EH/s ฿ 0.10226176 ฿ 0.06893375 ฿ 0.03332801 ฿ 1.21187730 143.91 % 2%
$ 4857.43 $ 3274.35 $ 1583.08 $ 57564.17
Week 23 339.33EH/s ฿ 0.10025663 ฿ 0.06893375 ฿ 0.03132288 ฿ 1.24320018 147.63 % 2%
$ 4762.19 $ 3274.35 $ 1487.84 $ 59052.01
Week 24 346.12EH/s ฿ 0.09829081 ฿ 0.06893375 ฿ 0.02935706 ฿ 1.27255724 151.12 % 2%
$ 4668.81 $ 3274.35 $ 1394.46 $ 60446.47
Week 25 353.04EH/s ฿ 0.09636354 ฿ 0.06893375 ฿ 0.02742979 ฿ 1.29998704 154.37 % 2%
$ 4577.27 $ 3274.35 $ 1302.92 $ 61749.38
Week 26 360.10EH/s ฿ 0.09447406 ฿ 0.06893375 ฿ 0.02554031 ฿ 1.32552735 157.41 % 2%
$ 4487.52 $ 3274.35 $ 1213.16 $ 62962.55
Week 27 367.30EH/s ฿ 0.09262163 ฿ 0.06893375 ฿ 0.02368788 ฿ 1.34921523 160.22 % 2%
$ 4399.53 $ 3274.35 $ 1125.17 $ 64087.72
Week 28 374.65EH/s ฿ 0.09080552 ฿ 0.06893375 ฿ 0.02187177 ฿ 1.37108700 162.82 % 2%
$ 4313.26 $ 3274.35 $ 1038.91 $ 65126.63
Week 29 382.14EH/s ฿ 0.08902502 ฿ 0.06893375 ฿ 0.02009127 ฿ 1.39117827 165.20 % 2%
$ 4228.69 $ 3274.35 $ 954.34 $ 66080.97
Week 30 389.78EH/s ฿ 0.08727943 ฿ 0.06893375 ฿ 0.01834568 ฿ 1.40952395 167.38 % 2%
$ 4145.77 $ 3274.35 $ 871.42 $ 66952.39
Week 31 397.58EH/s ฿ 0.08556807 ฿ 0.06893375 ฿ 0.01663432 ฿ 1.42615827 169.36 % 2%
$ 4064.48 $ 3274.35 $ 790.13 $ 67742.52
Week 32 405.53EH/s ฿ 0.08389026 ฿ 0.06893375 ฿ 0.01495651 ฿ 1.44111478 171.13 % 2%
$ 3984.79 $ 3274.35 $ 710.43 $ 68452.95
Week 33 413.64EH/s ฿ 0.08224535 ฿ 0.06893375 ฿ 0.01331161 ฿ 1.45442639 172.71 % 2%
$ 3906.65 $ 3274.35 $ 632.30 $ 69085.25
Week 34 421.91EH/s ฿ 0.08063270 ฿ 0.06893375 ฿ 0.01169895 ฿ 1.46612534 174.10 % 2%
$ 3830.05 $ 3274.35 $ 555.70 $ 69640.95
Week 35 430.35EH/s ฿ 0.07905167 ฿ 0.06893375 ฿ 0.01011792 ฿ 1.47624326 175.30 % 2%
$ 3754.95 $ 3274.35 $ 480.60 $ 70121.55
Week 36 438.96EH/s ฿ 0.07750163 ฿ 0.06893375 ฿ 0.00856789 ฿ 1.48481115 176.32 % 2%
$ 3681.33 $ 3274.35 $ 406.97 $ 70528.53
Week 37 447.74EH/s ฿ 0.07598199 ฿ 0.06893375 ฿ 0.00704825 ฿ 1.49185939 177.16 % 2%
$ 3609.14 $ 3274.35 $ 334.79 $ 70863.32
Week 38 456.69EH/s ฿ 0.07449215 ฿ 0.06893375 ฿ 0.00555840 ฿ 1.49741780 177.82 % 2%
$ 3538.38 $ 3274.35 $ 264.02 $ 71127.35
Week 39 465.83EH/s ฿ 0.07303152 ฿ 0.06893375 ฿ 0.00409777 ฿ 1.50151557 178.30 % 2%
$ 3469.00 $ 3274.35 $ 194.64 $ 71321.99
Week 40 475.14EH/s ฿ 0.07159953 ฿ 0.06893375 ฿ 0.00266578 ฿ 1.50418135 178.62 % 2%
$ 3400.98 $ 3274.35 $ 126.62 $ 71448.61
Week 41 484.65EH/s ฿ 0.07019562 ฿ 0.06893375 ฿ 0.00126187 ฿ 1.50544323 178.77 % 2%
$ 3334.29 $ 3274.35 $ 59.94 $ 71508.55
It's really far from what I calculated (and you too) in the begining it devides the generated BTC's by 6 and I will not be able to run the euipement for more than a year, and the most annoying thing is that if the price drops below that mark it wil be worstand I may not even be able to pay for the investment.
I saw from your replies and posts that you practice minig and I want to know if this numbers are realistic or no according your experience in this field.
finally, yes I expect to have some problemes if I go in this way and I'm ready (maybe if 200pcs is too much I will chose another asic with more th/s and buy less pieces).
Regards.
