Need help from you mining guys purchasing 4 t/h of hardware free electricity

cloverme

legendary

Activity: 1512

Merit: 1057

SpacePirate.io

Quote from: alh on May 06, 2014, 01:11:07 AM

You might also find that your "free electricity" stops being "free" when the
actual usage become visible.

Hahaha very true, usually when that breaker pops or someone looks at the bill, that usually spells the end of the "free ride". Most miners don't take into account the massive amps that the power supplies pull on a 120v circuit.

alh

legendary

Activity: 1846

Merit: 1052

You might also find that your "free electricity" stops being "free" when the
actual usage become visible.

hulk

sr. member

Activity: 392

Merit: 250

I think you should be profitable if your machine can last many many years. I believe at one point the electricity would be 100% of the revenue as the difficulty increases. So the difficulty should halt at that point...

Mobius7

hero member

Activity: 532

Merit: 500

If bitcoin difficulty continues to go up ~15% every ~12 days, you won't get profits and it is better to just buy bitcoin.
If you expect bitcoin difficulty to level off or increase slowly, you may prefer buying ASIC to buying bitcoin directly.

kendog77

hero member

Activity: 742

Merit: 500

If I had free electricity, I would definitely buy 4TH worth of Antminer S1s. 20 S1s over clocked to 200GH each will only cost you 10 BTC, and then you'll also need to buy power supplies, but S1s are definitely the lowest priced hardware per GH available now.

The only downside is the fact that they use 2W/GH, but that shouldn't matter to someone who gets free electricity.

jamesc760

sr. member

Activity: 448

Merit: 250

With your 4 THs, you will currently make about 2.4 BTC until the next diff jump in 9 days or so. Then you will make another 2.1 BTC until the next diff jump 12 days later. Then, you will get another 1.8 BTC until the next diff jump 12 days later. Then, you will get another 1.5 BTC until the next diff jump 12 days later. So, on and on.

I don't see you breaking even any time soon, if at all. Unless BTC price jumps up. You should have just bought 20 BTC with your money, then you wouldn't have all these heartaches and headaches.

wanna4fun

member

Activity: 119

Merit: 100

noobie

last diff : ~0.3 BTC / day @ 4.2 TH/s (real experience)
new dif : ~ 0.28 BTC/day @4.2 TH/S (estimation from what i mine since the new diff)

hope it helps

SecureErase

member

Activity: 83

Merit: 10

3.6TH could gross you around 0.16 to 0.22 BTC per day at current difficulty and average daily block solving rates I have seen with my own set up.
However rewards are going down as hashing power is increasing along with difficulty so that daily number will be constantly evolving....downwards.

LAMarcellus

full member

Activity: 180

Merit: 100

For .05BTC I will let you look at my mining stats page.
There you will see my current hashrate and daily earnings.
With those numbers you can extrapolate potential earnings for your hash rate.
I can even throw in a telephone call to help you get a few answers quickly, from an experienced miner, without having to type a bunch and search forums for days.

PM me if you want to see this data.

Also my mining activities are not with BTCguild as there are better pools that charge a 0% fee.

iglasses

legendary

Activity: 1148

Merit: 1000

YAY!!! Another 'I want to buy hardware' 'No you should buy BTC' thread!!!

OP If you are looking for a partner to share knowledge let me know what type of cut you are offering otherwise links to calculators is about all you can expect.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

If the OP plans to day trade with the mining profits, why not just buy Bitcoin outright, open an account with both BTC-E and Bitstamp, and do some arbitrage.

That would be the safest bet in my book.

Sorry, the safest bet would be BUY AND HODL! Cool

kickbit

sr. member

Activity: 276

Merit: 250

In Blockchain We Trust!

Quote from: ChuckBuck on April 29, 2014, 02:30:12 PM

Use a calculator to estimate your earnings:

bitcoinwisdom.com/bitcoin/calculator

tradeblock.com/mining/

You won't ROI ever in BTC ($9500 roughly 21 BTC), but if the BTC price rises you may make a Fiat profit.

But you'll never mine 21 BTC that $9500 could've bought today.

As for calculator, better use: http://mining-profit.com/advanced-calculator
It's mine and it's much more accurate

You can set maintenance fee to 0 and estimate your profit in USD and BTC.

As for power: I tried to plug 2Ths miner at work - and it didin't start

Because standard socket can't handle so much power...

Jcw188

hero member

Activity: 546

Merit: 500

Carpe Diem

Don't forget too, what you're doing is ILLEGAL so you might not want to be posting what you're up to.

And, BTW, this other guy had a point - you're saying it's a "real slick deal" to get the 3 miners, but he's right it doesn't make ANY sense.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: joeysupra on April 29, 2014, 02:32:40 PM

Quote from: ChuckBuck on April 29, 2014, 02:30:12 PM

Use a calculator to estimate your earnings:

https://bitcoinwisdom.com/bitcoin/calculator

https://tradeblock.com/mining/

You won't ROI ever in BTC ($9500 roughly 21 BTC), but if the BTC price rises you may make a Fiat profit.

But you'll never mine 21 BTC that $9500 could've bought today.

Im not looking for someone to post a link to a calculator , looking for some real word experience in users with this much hash power. thanks though

No problem. Point still stands though, you won't ever mine the equivalent amount of Bitcoins(21) you could have purchased with $9500 today, even with the free electricity.

joeysupra

member

Activity: 78

Merit: 10

Quote from: ChuckBuck on April 29, 2014, 02:30:12 PM

Use a calculator to estimate your earnings:

https://bitcoinwisdom.com/bitcoin/calculator

https://tradeblock.com/mining/

You won't ROI ever in BTC ($9500 roughly 21 BTC), but if the BTC price rises you may make a Fiat profit.

But you'll never mine 21 BTC that $9500 could've bought today.

Im not looking for someone to post a link to a calculator , looking for some real word experience in users with this much hash power. thanks though

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Use a calculator to estimate your earnings:

https://bitcoinwisdom.com/bitcoin/calculator

https://tradeblock.com/mining/

You won't ROI ever in BTC ($9500 roughly 21 BTC), but if the BTC price rises you may make a Fiat profit.

But you'll never mine 21 BTC that $9500 could've bought today.

joeysupra

member

Activity: 78

Merit: 10

Alright,

Ive come across some hardware. 1 cointerra 1.6 t/h unit. and 2 2 x Coincraft 28nm 1TH Dragon Miners. I will be placing these units at my work building already an OK on the electricity being FREE. also free internet.

Heres where i need you guys to crunch some numbers, someone take the time paste your wallet and ill tip you. But basically im getting into this hardware for $9500, i think its a slick deal for all 3 miners.

Realistically how much will i make say using BTCguild per day?
When can I expect ROI on these units?

I plan on day trading with the profits made with the miners to maximize my profits. But can you guys give me some real thought out input on this purchase and what to expect with it. and paste your wallets.

thanks

Topic: Need help from you mining guys purchasing 4 t/h of hardware free electricity (Read 1290 times)