The things that makes bitcoin mining unprofitable is also how much it will take for you to stay profitable, I mean you can make $700 per month with it but for how long? It will keep decreasing every single day and one day it will hit zero.
Will you be able to recover your investment until than? Will you make enough to say it was a good investment? That is the hard question that no one knows.
Topic: Is Bitcoin Mining still profitable? (Read 4441 times)
not worth the investment unless you can go very big, it's centralized as it get and not casual anymore
for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time
we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...
for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time
we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...
Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's.
as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto
and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....
I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.
it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more
I'd say that the key factors of whether mining is profitable or not are:
1. Your electricity costs. Unfortunately, if you only have a small amount of money and are looking for 1-3 miners, you probably won't make any profit unless you are lucky enough to live in an area with cheap electricity. Sometimes electricity costs can even exceed the revenue from your miners. The only solution to this, if you're in it for the long run, is solar power but this will add a new level of risk to your mining.
2. Where you get your miners. Bitmain is capable of being so profitable because not only do they sell miners, they own thousands of them and mine themselves. Obviously you can't do this, but you can buy second hand and use other ways of attempting to get cheap miners.
3. Future difficulty. In this case, you're at a fairly good point because you know that your profits will remain not consistent but nearly consistent for the next four years until the next halving.
In any case, mining is a risky venture and doing it on too small a budget, especially in an area with high electricity costs, is probably not a good idea.
not worth the investment unless you can go very big, it's centralized as it get and not casual anymore
for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time
we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...
for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time
we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...
Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's.
as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto
and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....
I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.
it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more
I'd say that the key factors of whether mining is profitable or not are:
1. Your electricity costs. Unfortunately, if you only have a small amount of money and are looking for 1-3 miners, you probably won't make any profit unless you are lucky enough to live in an area with cheap electricity. Sometimes electricity costs can even exceed the revenue from your miners. The only solution to this, if you're in it for the long run, is solar power but this will add a new level of risk to your mining.
2. Where you get your miners. Bitmain is capable of being so profitable because not only do they sell miners, they own thousands of them and mine themselves. Obviously you can't do this, but you can buy second hand and use other ways of attempting to get cheap miners.
3. Future difficulty. In this case, you're at a fairly good point because you know that your profits will remain not consistent but nearly consistent for the next four years until the next halving.
In any case, mining is a risky venture and doing it on too small a budget, especially in an area with high electricity costs, is probably not a good idea.
there will be too many calculation for starting bitcoin mining and you will need big budget to start because as the difficulty of bitcoin is increased, we should thinking about the electricity that we should pay in monthly, what hardware we want to use, how much hardware we can buy with our money, how long we can get ROI, is it worth for us to starting bitcoin mining and else.
Yep. You need to think a lot about how long it will be until you can get ROI and how long you can continue to get ROI. Going as we are, the next halving in a few years might stop you making profits anymore, so you need to be a bit self-aware because this will not just constantly make you money for a long time. to do this they need to know how much the thing is worth, i don't think thye have any clue about its real value, you can even put $20 and they would pass it
despite this it's all tracked with UPS, if the package stop at the customs they cannot simply say that it was lost....
well,once again it depends on the country you live in
I know for sure that my friends had lots of headache and yes,the customs just lose it or say they have lost
and then they make you write a ton of documents and in the end you get the value of the parcel i.e. 45 euros in your case
maybe it is different at where you live,but be warned that this shit happens and happens too often
If it's going to Joe Blow End User and not someone with connections or power. It's fair game in lots of countries.
I finally quit shipping product internationally because of all the theft.
yeah Alot of Profit
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there will be too many calculation for starting bitcoin mining and you will need big budget to start because as the difficulty of bitcoin is increased, we should thinking about the electricity that we should pay in monthly, what hardware we want to use, how much hardware we can buy with our money, how long we can get ROI, is it worth for us to starting bitcoin mining and else.
i'm asking if for the next order they can write a value of 45 euro which is the one that can avoid the customs here
Asking a company to do something illegal to save you a few bucks is probably not the best way to go. Recommending people do illegal things on the forum is not smart either.
you can pay $1900 for one x11 asic, against $1450, $450 difference
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.
you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum
1900$ for baikal a-900 is awesome,wonder how much do they charge for shipping to europe
look at the dash prices now,if the trend continues one could achieve ROI in less than 4-5 months
besides, s9 can only mine bitcoins while baikal can mine a plethora of coins and consumes much less energy
they charged to me $97, which is too much because i had to pay for the customs an additional 50 euro, very annoying
i'm asking if for the next order they can write a value of 45 euro which is the one that can avoid the customs here
don't play with fire,the value is there for a reason:the customs could just "lose" your items and happily compensate you with the 45 euro listed value
I don't know what country you live in,but this happened to friends of mine alot (they have business with China and send-recieve different goods)
so make sure you know what are you doing and calculate the risks involved
sometimes it is better to pay extra than to be left cursing the corrupt customs
to do this they need to know how much the thing is worth, i don't think thye have any clue about its real value, you can even put $20 and they would pass it
despite this it's all tracked with UPS, if the package stop at the customs they cannot simply say that it was lost....
well,once again it depends on the country you live in
I know for sure that my friends had lots of headache and yes,the customs just lose it or say they have lost
and then they make you write a ton of documents and in the end you get the value of the parcel i.e. 45 euros in your case
maybe it is different at where you live,but be warned that this shit happens and happens too often
you can pay $1900 for one x11 asic, against $1450, $450 difference
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.
you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum
1900$ for baikal a-900 is awesome,wonder how much do they charge for shipping to europe
look at the dash prices now,if the trend continues one could achieve ROI in less than 4-5 months
besides, s9 can only mine bitcoins while baikal can mine a plethora of coins and consumes much less energy
they charged to me $97, which is too much because i had to pay for the customs an additional 50 euro, very annoying
i'm asking if for the next order they can write a value of 45 euro which is the one that can avoid the customs here
don't play with fire,the value is there for a reason:the customs could just "lose" your items and happily compensate you with the 45 euro listed value
I don't know what country you live in,but this happened to friends of mine alot (they have business with China and send-recieve different goods)
so make sure you know what are you doing and calculate the risks involved
sometimes it is better to pay extra than to be left cursing the corrupt customs
to do this they need to know how much the thing is worth, i don't think thye have any clue about its real value, you can even put $20 and they would pass it
despite this it's all tracked with UPS, if the package stop at the customs they cannot simply say that it was lost....
There weren't even x11 asics a while ago, cool. Which one do you have?
The first ASIC for X11 was introduced close to a year ago on a 55nm process.
The second was introduced 2-3 months later on a 40nm process, and was noticeably but not hugely more efficient.
The third (Baikal) was introduced shortly thereafter on a 28nm process and is quite a bit more efficient - and also supports multiple algorythms (X11, X13, X15, Groesti, and I think 1 or 2 more).
I *believe* all 3 are still profitable if your electric cost is low enough, but you'd have to have FREE electric to make a profit at all from X11 mining on a GPU any more, and I'm not sure if anything BUT the Baikal has a reasonable chance at achieving ROI if you don't already own one.
you can pay $1900 for one x11 asic, against $1450, $450 difference
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.
you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum
1900$ for baikal a-900 is awesome,wonder how much do they charge for shipping to europe
look at the dash prices now,if the trend continues one could achieve ROI in less than 4-5 months
besides, s9 can only mine bitcoins while baikal can mine a plethora of coins and consumes much less energy
they charged to me $97, which is too much because i had to pay for the customs an additional 50 euro, very annoying
i'm asking if for the next order they can write a value of 45 euro which is the one that can avoid the customs here
don't play with fire,the value is there for a reason:the customs could just "lose" your items and happily compensate you with the 45 euro listed value
I don't know what country you live in,but this happened to friends of mine alot (they have business with China and send-recieve different goods)
so make sure you know what are you doing and calculate the risks involved
sometimes it is better to pay extra than to be left cursing the corrupt customs
you can pay $1900 for one x11 asic, against $1450, $450 difference
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.
you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum
1900$ for baikal a-900 is awesome,wonder how much do they charge for shipping to europe
look at the dash prices now,if the trend continues one could achieve ROI in less than 4-5 months
besides, s9 can only mine bitcoins while baikal can mine a plethora of coins and consumes much less energy
they charged to me $97, which is too much because i had to pay for the customs an additional 50 euro, very annoying
i'm asking if for the next order they can write a value of 45 euro which is the one that can avoid the customs here
you can pay $1900 for one x11 asic, against $1450, $450 difference
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.
you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum
1900$ for baikal a-900 is awesome,wonder how much do they charge for shipping to europe
look at the dash prices now,if the trend continues one could achieve ROI in less than 4-5 months
besides, s9 can only mine bitcoins while baikal can mine a plethora of coins and consumes much less energy
you can pay $1900 for one x11 asic, against $1450, $450 difference
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.
you need to be part of a group buy, i can actually buy one from them directly for that much, i just contacted them on skype, they are very polite and have a nice support, also their shippig is very fast, usually 3-5 days maximum
you can pay $1900 for one x11 asic, against $1450, $450 difference
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
Where can you get a baikal a-900 giant for $1900? If you could get it for that cheap, it would blow the S9 out of the water.
you can pay $1900 for one x11 asic, against $1450, $450 difference
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
still i prefer to consume only 200 watt than 1400, it will last longer with that consumption and it's better for those that don't have 0.1 cent like me
they are not the same
antminer s9 consume a lot 1400watt, this one only 200watt, yeah it's pricy, but the antminer s9 cost at least $1500 right? not talking about second hand stuff of course
the s9 produce only 0.0089, this 0.011, currently roi is 6 months maximum, since there is nothing more powerful it should last 6 months at least, there are high chance to hit roi with these things
antminer s9 consume a lot 1400watt, this one only 200watt, yeah it's pricy, but the antminer s9 cost at least $1500 right? not talking about second hand stuff of course
the s9 produce only 0.0089, this 0.011, currently roi is 6 months maximum, since there is nothing more powerful it should last 6 months at least, there are high chance to hit roi with these things
S9: http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=13500&p=1323&pc=0.10&pf=0.00&d=440779902286.58900000&r=12.50000000&er=1276.38000000&hc=1450
Baikal: http://www.coinwarz.com/calculators/dash-mining-calculator/?h=900&p=217&pc=0.10&pf=0.00&d=112476.14930000&r=1.94005104&er=0.03273265&btcer=1276.46000000&hc=2500
They both have about a 6-7 month roi time. The Baikal sees much more profit, but most of it is eaten up by it's much more expensive price tag, thus they have around the same roi time.
they are not the same
antminer s9 consume a lot 1400watt, this one only 200watt, yeah it's pricy, but the antminer s9 cost at least $1500 right? not talking about second hand stuff of course
the s9 produce only 0.0089, this 0.011, currently roi is 6 months maximum, since there is nothing more powerful it should last 6 months at least, there are high chance to hit roi with these things
antminer s9 consume a lot 1400watt, this one only 200watt, yeah it's pricy, but the antminer s9 cost at least $1500 right? not talking about second hand stuff of course
the s9 produce only 0.0089, this 0.011, currently roi is 6 months maximum, since there is nothing more powerful it should last 6 months at least, there are high chance to hit roi with these things
not worth the investment unless you can go very big, it's centralized as it get and not casual anymore
for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time
we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...
for example 1 single s9 net you less than 0.01 per day with 1.4kw/h of consumption, and the diff keep increase, which mean this amount is decreasing over time
we are already approaching the day where you need the whole resitendial power(usually here 3kw/h) to run a miner...
Just plug the numbers into a mining calculator, you'll find that unless you have ridiculous electricity rates, you can make profit. Electricity is 0.10 $/kWh where i live and I could easily turn a nice profit off 5-10 S9's.
as i said in that post you need to invest big to make somethign significant, 10 s9 is $20k, not everyone has 20k ready to throw at crypto
and with 10 of them you are only generating 0.08 a day, minus electricity, it's not that much....
I plan on starting with four S9s which with a 10c power rate will net me about $700 per month after power costs. Factoring in the resale value of the miners, that's extremely profitable. In the real world of investing with stocks and real estate, you couldn't even dream of returns like those.
it's not about how much it net you, it's about roi , those thing will recover their initial investment? with the diff that keep increase? also isn't more wise to invest in x11 asic they consume 1/7 cost the same and earn you a bit more
What is x11, scrypt? I haven't mined with graphics card in years, is it actually profitable again?
x11 is an algorithm that can be mined by another type of asic, there are now x11 asic, in the past there were scrypt asic, but you should know about these
i have one x11 asic now in my home, it costed me 1.8 btc, but it can generate 0.01 a day with only 200 watt, much better than any antminer
There weren't even x11 asics a while ago, cool. Which one do you have?
yeah they are a new thing, from 2016 i think, dunno if there was one already in 2015 in production, i have the baikal a-900 giant
actually i hate asic, but this one isn't the same, because it can mine 6 different algorithm not like the ordinary asic that mien only 1
It looks like the Baikal X11 is far more profitable. 150 MH/s at 40w for only $299. That's very very profitable. Problem is I think they're either sold out everywhere or being resold for 2x their value.
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