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xxcsu

hero member

Activity: 1498

Merit: 597

Quote from: haleema on June 03, 2021, 01:15:20 PM

I want 100$ per day for bitcoin mining approximately, how much investment in hardware, whats daily expense, here electricity one unit price is 3$.

Some very useful information for you HERE ( just click on " HERE" )

You really need to understand a few basic things about mining / possible profit calculation / what is mining difficulty / current exchange rates ....

Absolutely not clear what do you mean , when you saying "here electricity one unit price is 3$ " if you mean 1 KWH is 3$ , then you must to forget about mining once and forever !!!!

mak013

hero member

Activity: 2548

Merit: 769

One more thread with one more man, that decided to become rich easily. After buying equipment he will be surprised why the profit less than he decided. Later we`ll see new thread "mining is unprofitable". All as usual.

adaseb

legendary

Activity: 3808

Merit: 1723

I told people maybe 6-12 months ago to get into mining. Because the GPUs were more reasonable and the difficulty was more stable with price at the time.

The issue was that most of them weren’t interest because “I will only make $0.50 a day per GPU”? Most people wanted to make like $10 a day per GPU and they wanted to have like 100 GPUs. So $1000 a day profit they would be happy with. $50 a day they weren’t.

Issue is that many people became rich who mined BTC about a decade ago and they want those profits. They didn’t want to play around and only make $1 a day with 2 GPUs.

Now they all want to get into mining because they looked at mining calculators showing $10 a day in profits. I told them you can’t buy GPUs anywhere at decent prices.

OasisDre

member

Activity: 532

Merit: 41

Quote from: batsonxl on June 05, 2021, 12:01:14 PM

Quote from: adaseb on June 05, 2021, 11:05:12 AM

No it’s definitely not new. I have a very good top indicator that is when I login into bitcointalk and head to the mining section and see brand New accounts asking how they can mine “Bitcoin on their MacBook” or how “They can mine crypto’s on their iPhone”. That’s usually a definite giveaway that we are near a top.

There are so many videos and tutorials on YouTube these days that take you step by step and it’s all you need to watch whether to get in or not but people don’t bother to watch those or do research. The usually just go out and buy $10k’s of computer equipment on Newegg pretty much maxing out their credit cards and a few weeks later they realize that mining isn’t a get rich scheme as they assumed.

Yes exactly. I couldnt explain it to my friends. They are asking what gpu to buy? im saying please wait, they got mad at me they think that i dont want them to start mining.and most funny thing 1400-2000$ they act normal price for rtx 3070

Almost same story here 😂 I have two friends who asked me if it's the best time to build mining rigs and I said no unless you can get GPU for MSRP price which is not possible anymore and they still went ahead to buy gtx1660 for 800$, sometimes you just have to let people satisfy themselves

batsonxl

member

Activity: 1208

Merit: 27

Quote from: adaseb on June 05, 2021, 11:05:12 AM

No it’s definitely not new. I have a very good top indicator that is when I login into bitcointalk and head to the mining section and see brand New accounts asking how they can mine “Bitcoin on their MacBook” or how “They can mine crypto’s on their iPhone”. That’s usually a definite giveaway that we are near a top.

There are so many videos and tutorials on YouTube these days that take you step by step and it’s all you need to watch whether to get in or not but people don’t bother to watch those or do research. The usually just go out and buy $10k’s of computer equipment on Newegg pretty much maxing out their credit cards and a few weeks later they realize that mining isn’t a get rich scheme as they assumed.

Yes exactly. I couldnt explain it to my friends. They are asking what gpu to buy? im saying please wait, they got mad at me they think that i dont want them to start mining.and most funny thing 1400-2000$ they act normal price for rtx 3070

adaseb

legendary

Activity: 3808

Merit: 1723

No it’s definitely not new. I have a very good top indicator that is when I login into bitcointalk and head to the mining section and see brand New accounts asking how they can mine “Bitcoin on their MacBook” or how “They can mine crypto’s on their iPhone”. That’s usually a definite giveaway that we are near a top.

There are so many videos and tutorials on YouTube these days that take you step by step and it’s all you need to watch whether to get in or not but people don’t bother to watch those or do research. The usually just go out and buy $10k’s of computer equipment on Newegg pretty much maxing out their credit cards and a few weeks later they realize that mining isn’t a get rich scheme as they assumed.

sxemini

member

Activity: 1558

Merit: 69

Quote from: Sputnik_ on June 04, 2021, 03:24:02 AM

Is it just me or has this place turned into noob fest we see over at nicehash reddit.

It is normal, if the price go up, every dude think he must start with mining Cheesy

Samayuki

member

Activity: 574

Merit: 24

You will need to get 10 pieces of rtx3080, they do 94MH per day and that's 9.3$ presently times 10, but mate this is going to cost you alot, when I said a lot I meant big money cos a single rtx3080 is over 2000$ per GPU so do the math

Sputnik_

newbie

Activity: 13

Merit: 1

Is it just me or has this place turned into noob fest we see over at nicehash reddit.

FireBallex

member

Activity: 462

Merit: 19

Even if you manage to build one your 100$ will slowly go down in months because of rising in mining difficulty, I'd advice you to build GPU mining instead of ASIC miners for bitcoin mining because you can easily add more cards to your rigs to maximize your profits after some months

adaseb

legendary

Activity: 3808

Merit: 1723

Keep in mind that there is something called difficulty. Your daily profit will be dependant on the price of BTCUSD and the difficulty.

What is difficulty? Well when more and more people start to mine, the profits need to be equally split with the hashrate. So if in the future there are twice as many people mining and price of BTCUSD hasn't change your profit of $100 USD will become $50. Nothing you can do. This is why its becoming more and more difficult for small miners to mine for profit.

Before you invest please do research. This isn't a get rich quick scheme as it once was in the past.

FP91G

legendary

Activity: 1834

Merit: 1136

Quote from: haleema on June 03, 2021, 01:15:20 PM

I want 100$ per day for bitcoin mining approximately, how much investment in hardware, whats daily expense, here electricity one unit price is 3$.

Learn to use the profit calculator
https://asictrade.com/calc.html/SHA-256/

You need to buy 5 ASICs Whatsminer M30S (112TH)
Look at their cost in your country or calculate the cost of analogs. (560TH)
What does electricity one unit price mean?
The cost of electricity is usually indicated at 1 kilowatt per hour (USD/KWh)
The profit will change depending on the bitcoin price and the hashrate.

haleema

jr. member

Activity: 560

Merit: 4

I want 100$ per day for bitcoin mining approximately, how much investment in hardware, whats daily expense, here electricity one unit price is 3$.

Topic: I want to know (Read 212 times)