I have my money right at the moment. Im planning to start with 20th/s atm but might use btcjam as a way to grow if the Profits are as planned
Topic: Mining operation (Read 3324 times)
I will try btcjam.Com also since their seems to be no interest so far 
if you are trying to get a loan for a minin operation, its best to build up your rep then link your ebay profile.
people can see most of those things, and tell either you should be trusted or not. Also, the amount you are asking also depends as well. If the loan is absurd and huge amount, then most wont agree, and explain how bitcoins will be paid back.
Yes that is a very good point. The person Who is head of Electricity is a Friend of ours so we can arrange Electricity and yes I have calculated on basis of 20hours.
Profits per month for 22th are calculated at 1800usd where I took 1200usd as monthly income from operation
Profits per month for 22th are calculated at 1800usd where I took 1200usd as monthly income from operation
Own investment
5k hardware costs
1k rewiring
250usd operation Cost per month Inc. Electricity
Electricity will be 20hours a day so I calculated month inkome per month at average 1200usd for approx. 22th/s
So I can operate as long as I can make more then around 400usd a month. In it for longterm bitcoin garnering aswell.
5k hardware costs
1k rewiring
250usd operation Cost per month Inc. Electricity
Electricity will be 20hours a day so I calculated month inkome per month at average 1200usd for approx. 22th/s
So I can operate as long as I can make more then around 400usd a month. In it for longterm bitcoin garnering aswell.
I noticed you said "20 hours a day". Why only 20? Most mining operations are 24x7 full time operations. Virtually all the income calculators would have assumed 24 hours/day in terms of mining. I will assume that you can get good Internet access where your are going to set this up? Stopping and starting miners for 4 hours out of the day may be inconvenient and not entirely smooth every day if you aren't on site.
This is just a guess. But I know of a data center that was built in very very low electricity. But during peak times they could lose power. But even though not 100 percent stable, it was cheap.
But I have no idea on Kurdistan infrastructure.
Own investment
5k hardware costs
1k rewiring
250usd operation Cost per month Inc. Electricity
Electricity will be 20hours a day so I calculated month inkome per month at average 1200usd for approx. 22th/s
So I can operate as long as I can make more then around 400usd a month. In it for longterm bitcoin garnering aswell.
5k hardware costs
1k rewiring
250usd operation Cost per month Inc. Electricity
Electricity will be 20hours a day so I calculated month inkome per month at average 1200usd for approx. 22th/s
So I can operate as long as I can make more then around 400usd a month. In it for longterm bitcoin garnering aswell.
I noticed you said "20 hours a day". Why only 20? Most mining operations are 24x7 full time operations. Virtually all the income calculators would have assumed 24 hours/day in terms of mining. I will assume that you can get good Internet access where your are going to set this up? Stopping and starting miners for 4 hours out of the day may be inconvenient and not entirely smooth every day if you aren't on site.
The thing is, it is not a real country. Kurdistan is an autonome region in Irak. No taxes and Regulations.
My friend can you read?
In the Netherlands electricity is 20 ct/kwh.
At the location that I am planning to put the miners electricity is 2 ct/kwh approx, but we have agreed on
a fixed amount with the electricity provider, of 100 usd a month for the whole 22th/s opperation.
In the Netherlands electricity is 20 ct/kwh.
At the location that I am planning to put the miners electricity is 2 ct/kwh approx, but we have agreed on
a fixed amount with the electricity provider, of 100 usd a month for the whole 22th/s opperation.
I suspected you were in Netherlands from your said you were purchasing miners there. You never did say country you were in.
If you got it for 100 usd yes that is extremely cheap electricity for that amount.
My friend can you read?
In the Netherlands electricity is 20 ct/kwh.
At the location that I am planning to put the miners electricity is 2 ct/kwh approx, but we have agreed on
a fixed amount with the electricity provider, of 100 usd a month for the whole 22th/s opperation.
In the Netherlands electricity is 20 ct/kwh.
At the location that I am planning to put the miners electricity is 2 ct/kwh approx, but we have agreed on
a fixed amount with the electricity provider, of 100 usd a month for the whole 22th/s opperation.
Own investment
5k hardware costs
1k rewiring
250usd operation Cost per month Inc. Electricity
Electricity will be 20hours a day so I calculated month inkome per month at average 1200usd for approx. 22th/s
So I can operate as long as I can make more then around 400usd a month. In it for longterm bitcoin garnering aswell.
5k hardware costs
1k rewiring
250usd operation Cost per month Inc. Electricity
Electricity will be 20hours a day so I calculated month inkome per month at average 1200usd for approx. 22th/s
So I can operate as long as I can make more then around 400usd a month. In it for longterm bitcoin garnering aswell.
With 22 TH of A1 gear it sounds how are you making a profit at "Electricity is 20ct per kwh here"
Assuming 22TH of A1 gear that is 22,000 watts approx. You would be paying approx 50 dollars a day in electricity. This is approx 1500 in electricity for A1's not 400. I see you making a profit of around 18.60 each day (at current rate).
To pay for gear it would be 5000/18.60 = 268 day's to pay for equipment if difficulty does not go up. You add difficulty you will have a very hard time at 20 cent KWh.
Own investment
5k hardware costs
1k rewiring
250usd operation Cost per month Inc. Electricity
Electricity will be 20hours a day so I calculated month inkome per month at average 1200usd for approx. 22th/s
So I can operate as long as I can make more then around 400usd a month. In it for longterm bitcoin garnering aswell.
5k hardware costs
1k rewiring
250usd operation Cost per month Inc. Electricity
Electricity will be 20hours a day so I calculated month inkome per month at average 1200usd for approx. 22th/s
So I can operate as long as I can make more then around 400usd a month. In it for longterm bitcoin garnering aswell.
I am buying second hand miners in the Netherlands. Electricity is 20ct per kwh here. Many miners sell their miners under market prices. These are used miners and most are around 1w/gh.
I have noticed spondoolies and other big mining hardware suppliers are out ofbstock so this is best option for me atm, I am still open for any suggestions or anyone that has around 20th to show me picture
Regards
I have noticed spondoolies and other big mining hardware suppliers are out ofbstock so this is best option for me atm, I am still open for any suggestions or anyone that has around 20th to show me picture
Regards
I would highly suggest doing some ROI math. If really 20 cents per KWh it is considered high, not low priced electricity. With 1w/gh chances are you run at a loss.
Most pictures of 20 TH will be small warehouses not houses. Houses you would need to spread it around unless wired up very nice.
I am buying second hand miners in the Netherlands. Electricity is 20ct per kwh here. Many miners sell their miners under market prices. These are used miners and most are around 1w/gh.
I have noticed spondoolies and other big mining hardware suppliers are out ofbstock so this is best option for me atm, I am still open for any suggestions or anyone that has around 20th to show me picture
Regards
I have noticed spondoolies and other big mining hardware suppliers are out ofbstock so this is best option for me atm, I am still open for any suggestions or anyone that has around 20th to show me picture
Regards
Current update';
The appartment does need rewiring to handle 25 th. The cooling is al set and will manage. We allready had 5 AC's that are very powerfull in the apartment. I am still looking for good hardware deal, unfortunatly most suppliers are sold out currently.
Regards,
Zeksal
What miners are you looking for S4 or Spondoolies? You won't be able to get S5's for a while =/ but they are more efficient.The appartment does need rewiring to handle 25 th. The cooling is al set and will manage. We allready had 5 AC's that are very powerfull in the apartment. I am still looking for good hardware deal, unfortunatly most suppliers are sold out currently.
Regards,
Zeksal
We have been asking this for a while.
With price and 1T unit mentioned I'm guessing it is a Dragon 1T(A1).
Current update';
The apartment does need rewiring to handle 25 th. The cooling is al set and will manage. We already had 5 AC's that are very powerful in the apartment. I am still looking for good hardware deal, unfortunately most suppliers are sold out currently.
Regards,
Zeksal
At this time either s5's delivered in like 3 weeks or used hardware buying is your best bet if you want to attempt such a feat.The apartment does need rewiring to handle 25 th. The cooling is al set and will manage. We already had 5 AC's that are very powerful in the apartment. I am still looking for good hardware deal, unfortunately most suppliers are sold out currently.
Regards,
Zeksal
Even my two s3's at home deliver a good chunk of heat.
Current update';
The appartment does need rewiring to handle 25 th. The cooling is al set and will manage. We allready had 5 AC's that are very powerfull in the apartment. I am still looking for good hardware deal, unfortunatly most suppliers are sold out currently.
Regards,
Zeksal
The appartment does need rewiring to handle 25 th. The cooling is al set and will manage. We allready had 5 AC's that are very powerfull in the apartment. I am still looking for good hardware deal, unfortunatly most suppliers are sold out currently.
Regards,
Zeksal
Thanks for the advice. I am deffinetly not putting all my money into this with the chanse of underestimating it. I am really taking in all the advice you guys are proviDing. I am still sure I can pull this of Because I can kkeep opwrational costs really low. I will keep you up to date and am still looking for ambitious People with expertise.
Regards
Zeksal
Regards
Zeksal
Dear bitcointalk community,
For weeks I have following everything I can about bitcoin and mining. This is because I am from a country where there is subsidised elektricity for every houseHold Hold. I have found enough space to store 100-300 th/s at 0.01 ct ct/kwh.
I have a couple things I could use help with.
What is best th/usd ratio hardware available?
I have an offer for 260usd per th/s. I still think thats extensieve and am looking for better option. Used miners is also possible, as in a retirement place for miners.
I want to try and get a loon/investment at btcjam since I do not plan to put my own entire capitalist at risk and am looking for partners.
I can verify everything and am looking forward to read comments comments. Good and bad once;)
Kind Regards,
ZEKSAL
For weeks I have following everything I can about bitcoin and mining. This is because I am from a country where there is subsidised elektricity for every houseHold Hold. I have found enough space to store 100-300 th/s at 0.01 ct ct/kwh.
I have a couple things I could use help with.
What is best th/usd ratio hardware available?
I have an offer for 260usd per th/s. I still think thats extensieve and am looking for better option. Used miners is also possible, as in a retirement place for miners.
I want to try and get a loon/investment at btcjam since I do not plan to put my own entire capitalist at risk and am looking for partners.
I can verify everything and am looking forward to read comments comments. Good and bad once;)
Kind Regards,
ZEKSAL
You could also host some miners for some less risky and less capitalistic returns.
He's already decided that hosters are just trying to trick him, and that everyone's warnings about hosting in an apartment in a country where it is 50C regularly is part of the long con.
Dear bitcointalk community,
For weeks I have following everything I can about bitcoin and mining. This is because I am from a country where there is subsidised elektricity for every houseHold Hold. I have found enough space to store 100-300 th/s at 0.01 ct ct/kwh.
I have a couple things I could use help with.
What is best th/usd ratio hardware available?
I have an offer for 260usd per th/s. I still think thats extensieve and am looking for better option. Used miners is also possible, as in a retirement place for miners.
I want to try and get a loon/investment at btcjam since I do not plan to put my own entire capitalist at risk and am looking for partners.
I can verify everything and am looking forward to read comments comments. Good and bad once;)
Kind Regards,
ZEKSAL
For weeks I have following everything I can about bitcoin and mining. This is because I am from a country where there is subsidised elektricity for every houseHold Hold. I have found enough space to store 100-300 th/s at 0.01 ct ct/kwh.
I have a couple things I could use help with.
What is best th/usd ratio hardware available?
I have an offer for 260usd per th/s. I still think thats extensieve and am looking for better option. Used miners is also possible, as in a retirement place for miners.
I want to try and get a loon/investment at btcjam since I do not plan to put my own entire capitalist at risk and am looking for partners.
I can verify everything and am looking forward to read comments comments. Good and bad once;)
Kind Regards,
ZEKSAL
You could also host some miners for some less risky and less capitalistic returns.
I feel bad this turned into such a anti-mining thread. I think OP has a lot of challenges to say the least though.
For some helpful advice can you tell us what miner you ordered? (By price it sounds like a A1 1T I'm guessing)
For some helpful advice can you tell us what miner you ordered? (By price it sounds like a A1 1T I'm guessing)
Please post pictures of the bill to repair the AC after you break it with 20 TH in one apartment.
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