Topic: i'm planinng to buy 15x of ANTMINER S3 , need recommendations - page 2. (Read 2498 times)
Also not a big expense, but you'll need a 16 port Ethernet switch.
Have you given any thought to the following...
- you will need to buy PSUs to run your S3s. You will need at least 8 1000w PSUs. You may be able to get away with 5 1200-1300W PSUs.
- do you have adequate spare electricity?
- how will you cool the location? Regular air conditioning will not suffice for that amount of hardware. It's like running 8 hair dryers day and night.
- do you know now what "difficulty adjustment" means?
- miners not only generate heat, they generate noise.
- you will need to buy PSUs to run your S3s. You will need at least 8 1000w PSUs. You may be able to get away with 5 1200-1300W PSUs.
- do you have adequate spare electricity?
- how will you cool the location? Regular air conditioning will not suffice for that amount of hardware. It's like running 8 hair dryers day and night.
- do you know now what "difficulty adjustment" means?
- miners not only generate heat, they generate noise.
i just used a website to calculate the net profit with this difficulty rate 18,736,441,558
and i see a good result even if the power costs met 0.325 per KWh
Net profit first time frame (per 1 month ): 1740.01 USD
i'm a little bit confused please give me more suggestions
and i see a good result even if the power costs met 0.325 per KWh
Net profit first time frame (per 1 month ): 1740.01 USD
i'm a little bit confused please give me more suggestions
thanks all for replay
the power cost per kw = $0.325
i'm planning to work on slush pool, i don't know what is the difficult rate
but i will get a high discount on this miners
also i have good knowledge in linux, networking, and technical..
the calculations above is based on www.bitcoinx.com/profit/ resutls
the power cost per kw = $0.325
i'm planning to work on slush pool, i don't know what is the difficult rate
but i will get a high discount on this miners
also i have good knowledge in linux, networking, and technical..
the calculations above is based on www.bitcoinx.com/profit/ resutls
32.5 cents kw/h?! You're already running in the red. That is a terrible price.
And your technical knowledge is great but it will be minimally helpful considering you don't have a clue about the most basic aspects of mining like difficulty adjustments.
the power cost per kw = $0.325
Your power cost is $0.325 per kWH? That's very expensive. I'm raising my power cost estimate to 10 BTC and lowering my profit prediction to 4 BTC. It's still a profit but is it worth the risk?
Yep, big difficulty increases are coming. That $59 per day is soon to be half of that and will continue to tumble.
And please explain how your electricity costs are "covered", lol. Someone has to pay that $800 bill every month.
And please explain how your electricity costs are "covered", lol. Someone has to pay that $800 bill every month.
thanks all for replay
the power cost per kw = $0.325
i'm planning to work on slush pool, i don't know what is the difficult rate
but i will get a high discount on this miners
also i have good knowledge in linux, networking, and technical..
the calculations above is based on www.bitcoinx.com/profit/ resutls
the power cost per kw = $0.325
i'm planning to work on slush pool, i don't know what is the difficult rate
but i will get a high discount on this miners
also i have good knowledge in linux, networking, and technical..
the calculations above is based on www.bitcoinx.com/profit/ resutls
15 x 3.95 = $59 per day
clear revenue per month = 59x30 = $1700
clear revenue per month = 59x30 = $1700
Have you factored in the increasing difficulty? You can't assume that your revenue is constant. Also, how long will it take to receive and set up the miners?
Assuming you start mining today, my model predicts that your 6.6 TH/s will mine about 29 bitcoins over the life of the miners. If they cost you about 1 BTC each and your total power cost is 5 BTC, then your profit is 9 BTC. Not bad, but it's a lot less than your $1700 per month.
Don't forget man that there is going to be difficulty increases and it's REALLY hard at this point to make a profit from mining unless you have something funny going on with regard to your electricity costs. It's not a get rich quick scheme, might want to start with 1 miner until you see if it works or not. And even if it's working for the time being there are going to be hiccups like one of them not working right, etc. (downtime) and then with the price of BTC and the difficulty issue it might not be profitable for long.
I would caution you to instead use your money to simply buy and hold Bitcoin for the time being.
At this point in the game, if you do not have a solid plan, you mining operation will not make a profit, and even if it does, you would probably would have been better off just buying the bitcoins outright with your capital.
Post in the mining board, I'm afraid I've been too far removed from mining to really know what would be best, or what is even profitable anymore but considering your questions are newbish (no offense) it raises a red flag immediately.
At this point in the game, if you do not have a solid plan, you mining operation will not make a profit, and even if it does, you would probably would have been better off just buying the bitcoins outright with your capital.
Post in the mining board, I'm afraid I've been too far removed from mining to really know what would be best, or what is even profitable anymore but considering your questions are newbish (no offense) it raises a red flag immediately.
hi wassup guys
i'm planning with my friend to buy 15x piece of ANTMINER S3 for bitcoin mining
s3 can perform 440 GHz/s
total =: 15x440 = 6600 GHz
each miner can make clear profit 3.95 USD per day (power costs covered)
15 x 3.95 = $59 per day
clear revenue per month = 59x30 = $1700
any suggestions please
is what we are doing correct way ?
is that calculations correct ?
it's hard to transfer bitcoins to cash money ?
i'm planning with my friend to buy 15x piece of ANTMINER S3 for bitcoin mining
s3 can perform 440 GHz/s
total =: 15x440 = 6600 GHz
each miner can make clear profit 3.95 USD per day (power costs covered)
15 x 3.95 = $59 per day
clear revenue per month = 59x30 = $1700
any suggestions please
is what we are doing correct way ?
is that calculations correct ?
it's hard to transfer bitcoins to cash money ?
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