I'm in the US at the moment, I dont think we have VAT, or an equivalent. I dont know about my home, but the state I'm in averages at $0.17 kWh, residential rates. I was running numbers the other day, and I was thinking of running a solar-powered bitcoin rig, taking advantage of the fact that I'd be getting more intense sunlight there than where I'm currently at. I also happen to have the landlord's permission to rig solar panels up permanently. He's a very good friend of mine.
I was thinking of a combined investment of about $3500 in the near future (shortly after I move there), so it would pay itself in two or three years.
Topic: Help me please ! I am new! - page 2. (Read 2029 times)
It depends on many factors, I will list some:
Location: This matters for heat and import cost
Electric price: This is going to be a HUGE issue
Storage space: How many miners you can put where
Running Time: Can you keep them up 24hr/day and have peace at mind?
Comfortability: physically comfortable with heat and fan noise and comfort in working with technology.
These are what will matter when you want to mine, I suggest just buy bitcoin and hold currently. You can buy a used s3 to dip your toes in and get used to it a bit.
Location: This matters for heat and import cost
Electric price: This is going to be a HUGE issue
Storage space: How many miners you can put where
Running Time: Can you keep them up 24hr/day and have peace at mind?
Comfortability: physically comfortable with heat and fan noise and comfort in working with technology.
These are what will matter when you want to mine, I suggest just buy bitcoin and hold currently. You can buy a used s3 to dip your toes in and get used to it a bit.
Hey, I'm interested in perhaps investing in mining, later in my life. I think I will be spending a few years in Guatemala, and from a bit of research, here's what I got.
Location: Guatemala. Here's what wikipedia says about it. http://en.wikipedia.org/wiki/Guatemala_City#Climate
Electric price: $0.13 kWh
Storage space: I would say... 1m2, or 10.8ft2
Running Time: Can you keep them up 24hr/day and have peace at mind? I would run them 24hr/day. I dont foresee any drawbacks from it.
Comfortability: I am physically comfortable with heat and fan noise. The tech, I would be kind of depending on the internet when it comes to setting it up and running it.
Hypothetically, I would have $2k to invest, could you guys help me with some kind of analysis? I would appreciate it.
One of main factors is electricity price. You can find hosting centers a tad cheaper the .13 cents I would say. So you might be better off buying gear and having it hosted somewhere.
And OP what is your electricity price? And do you have a VAT?
I personally love mining and we have had really good luck with difficulty this summer. Depending on certain factors it can be a good time for miners.
It depends on many factors, I will list some:
Location: This matters for heat and import cost
Electric price: This is going to be a HUGE issue
Storage space: How many miners you can put where
Running Time: Can you keep them up 24hr/day and have peace at mind?
Comfortability: physically comfortable with heat and fan noise and comfort in working with technology.
These are what will matter when you want to mine, I suggest just buy bitcoin and hold currently. You can buy a used s3 to dip your toes in and get used to it a bit.
Location: This matters for heat and import cost
Electric price: This is going to be a HUGE issue
Storage space: How many miners you can put where
Running Time: Can you keep them up 24hr/day and have peace at mind?
Comfortability: physically comfortable with heat and fan noise and comfort in working with technology.
These are what will matter when you want to mine, I suggest just buy bitcoin and hold currently. You can buy a used s3 to dip your toes in and get used to it a bit.
Hey, I'm interested in perhaps investing in mining, later in my life. I think I will be spending a few years in Guatemala, and from a bit of research, here's what I got.
Location: Guatemala. Here's what wikipedia says about it. http://en.wikipedia.org/wiki/Guatemala_City#Climate
Electric price: $0.13 kWh
Storage space: I would say... 1m2, or 10.8ft2
Running Time: Can you keep them up 24hr/day and have peace at mind? I would run them 24hr/day. I dont foresee any drawbacks from it.
Comfortability: I am physically comfortable with heat and fan noise. The tech, I would be kind of depending on the internet when it comes to setting it up and running it.
Hypothetically, I would have $2k to invest, could you guys help me with some kind of analysis? I would appreciate it.
I would like to know if its worths nowdays bitcoin mining....
I can invest right now 1k$ .
Do you recommend me to buy hardware or to make exchanges and take advantage from the sell/buy of BTC?
Thank you in advance!
I can invest right now 1k$ .
Do you recommend me to buy hardware or to make exchanges and take advantage from the sell/buy of BTC?
Thank you in advance!
a year and a half ago I asked the same thing.
Many would suggest that you just buy BTC and with $1k you can get a little over 4 BTC.
But I would suggest that you buy some hardware, even some older models so that you can get your hands dirty. This way you can feel the pain that many have gone through and when the price of BTC goes up you can see that benefit as well.
....or you can do a combination of both. :-)
Being here though is a good first step!
Welcome aboard and good luck!!
you could get two s5 from bitmain and the APW3-12-1600-B2 power supply from them you could get 2.3th/s with $0.10 per kwh you will see 1.2 kw * 720 * 0.1 = $86.40 power bill and at current diff and exchange rate will make $165.7. $79.30 profit. and cost $972.06. 972.06/79.3 given that it will take 13 months to hit breack even point. if diff and exchave rate remain the same.
i hope this helps
i hope this helps
if you are new to bitcoin mining then try you luck buying selling bitcoin, bitcoin price is dropping so it will hard for you to get ROI with mining at current price.
I would like to know if its worths nowdays bitcoin mining....
I can invest right now 1k$ .
Do you recommend me to buy hardware or to make exchanges and take advantage from the sell/buy of BTC?
Thank you in advance!
I can invest right now 1k$ .
Do you recommend me to buy hardware or to make exchanges and take advantage from the sell/buy of BTC?
Thank you in advance!
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