Topic: Mini Mining projet - starting next week (Read 653 times)
IF it is 90 days, than it is great offcorse
I still hit ROI in 90 days (before was 78 days with 20% monthly increase). I made calculations with 40% increase every month.
90 days ROI is still great!
90 days ROI is still great!
The error in your calculation is, difficulty don't increase 20% per month.
Difficulty increase every 2016 blocks, if 6 blocks are solved every hour than difficulty increase every 2 week.
But the reality is that more blocks are solved per hour, so difficulty increase every 11-12 days.
Difficulty increase every 2016 blocks, if 6 blocks are solved every hour than difficulty increase every 2 week.
But the reality is that more blocks are solved per hour, so difficulty increase every 11-12 days.
New to the community I am looking for guidance. I have been checking bitcoin's evolution for a while now and I finally decided to invest on a rig. I genuinely believe in its future potential.
If you guys can give me your insights I would gladly appreciate it.
I was lucky enough to find local suppliers for a reasonable price so no time wasted there, no preorder, I can start mining from next week.
Rig
10 AntMiners S1 with PSU's ---> 3200$
10* 200GH/s=2000GH/s
1 ASIC Miner Dragon 28nm ---> 2000$
1TH/s
Total : 3TH/s
Total invested : 5200$ with all other charges 5400$.
I live in Canada, Ottawa, our electricity rate is 0.15$/kw including delivery and transmission.
Now when I plug all the information in the calculator it gives me ROI in about 90 days, starting from next week with difficulty increasing by 20% every month.
I decided to post this thread because I am freaking out now a bit, I am having second thoughts literally 3 days before meeting with suppliers and picking up items.
Also, I am not interested in buying bitcoins and holding, it s just boring, I prefer mining, I find it more interesting.
If you guys can let me know what you think with my phase 1 mini mining project I could walk with more confidence into this.
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