newbie question- goal is 1 bitcoin in 1 year

TribalBob

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Quote from: fennic on December 17, 2022, 10:11:10 AM

Quote from: licciepops on November 17, 2022, 06:47:06 PM

hi everyone

complete and total newbz here, know nothing about this and im sure this has been posted lots of times but any of you math tech guyz can help me out id much appreciate it

Im big into bitcoin/etherium and my lofty goal is to get 1 BTC or ETH equivalent in 12 months.

The big one energy costs; i live at home, my folks are minted and dont mind me beating up the energy costs( well they might when then get the bills but for now they are behind my idea)

Which coin would you mine?

Noise isnt much of an issue as we have a garage

Is it easy to set up, which software would you use

And the big question, is how much would it cost to get a set up to get me1 BTC in 12months, which kit would you buy bearing in mind the energy thing isnt much of an issue

tyty in advance guys

Hi brother if you have almost 50 plus Antminers S19 pro than you will be able to make almost 1 BTC per month and that will be good for you and you might be able to fulfill your dream. I do not know that if you have such good investment or not. If I would have such investment than I will buy only Bitcoin and hold for almost 2 to 3 years and my investment could be double.

I think this is better, buying bitcoin and holding it, we don't need to think about the costs that will be incurred in the operation, it can be said to be more economical, (only my thoughts when viewed roughly, / theory not practice)

fennic

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Quote from: licciepops on November 17, 2022, 06:47:06 PM

hi everyone

complete and total newbz here, know nothing about this and im sure this has been posted lots of times but any of you math tech guyz can help me out id much appreciate it

Im big into bitcoin/etherium and my lofty goal is to get 1 BTC or ETH equivalent in 12 months.

The big one energy costs; i live at home, my folks are minted and dont mind me beating up the energy costs( well they might when then get the bills but for now they are behind my idea)

Which coin would you mine?

Noise isnt much of an issue as we have a garage

Is it easy to set up, which software would you use

And the big question, is how much would it cost to get a set up to get me1 BTC in 12months, which kit would you buy bearing in mind the energy thing isnt much of an issue

tyty in advance guys

Hi brother if you have almost 50 plus Antminers S19 pro than you will be able to make almost 1 BTC per month and that will be good for you and you might be able to fulfill your dream. I do not know that if you have such good investment or not. If I would have such investment than I will buy only Bitcoin and hold for almost 2 to 3 years and my investment could be double.

NotFuzzyWarm

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Evil beware: We have waffles!

Actually, the scammer ~~has~~ had 3 personas here:

Name:   NimboPontik93 Date Registered:   December 08, 2022, 04:10:35 PM
Name:   Pepchich1989 Date Registered:   December 08, 2022, 04:14:01 PM
Name:   martinenrot Date Registered:   December 08, 2022, 04:38:44 PM

In a way it's kinda funny reading their 3-way convo's trying to lure victims into their scam Cheesy

edit: 12/12/2022, looks like the mods have removed the scammers posts and accounts and are keeping this alive as a CSA

paid2

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Quote from: ?? on ??

What is this Bit3? Please tell us more.

Bit3 is a next generation mining platform service that offers intelligent and advanced bitcoin mining services. They call themselves bit3 because they are focused on building the next generation of bitcoin mining services. Because Web3 is the next evolution of the web. The future of mining belongs to Bit3.

The message you are quoting is not even existing Roll Eyes

Be aware newbies, scammer is having a fishy conversation with himself right here

PopoJeff

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Quote from: ?? on ??

Quote from: philipma1957 on November 17, 2022, 06:54:59 PM

do you have 240 volt power?

if you do and your energy cost is zero.

i dont really understand the power side of things yet. we just live in a normal uk house built in the 60s. will the garage support running 10x of these machines without blowing up the house lol. Noise isnt too much of an issue as we have a single detached garage at the rear of the house. but having said that how exactly noisy would 10 machines be?

Each unit should be pulling around 12-13 Amps. Here in the US, older houses often have 100a service, newer one have 200a.
   IF you're lucky enough to have 200a service, I highly doubt you have much more than a 20a/120v line to the garage. So you'd need to come off the main panel with a 100a subpanel, and maybe you can run five 20a/240v circuits from that. I doubt you'd want to run more than five machines based on that.
  As far as noise, five machines are loud. I was running 5 s17s in my garage, now just 3 s19s. If I'm standing next to them, I can't hear a word you say from a feet feet away. Each unit is like an industrial hair dryer running not stop. You also have hot exhaust to get rid of.

   Youre probably looking at a few thousand $ worth of electrical work to set up for the machines. Then the machines themselves, and factor in your price per kWh...... at this point, you'd be better off to just buy an entire coin.

   My electric costs have doubled in the last two years, absolutely killing my profitability. And if you think you'll run 3-5 machines without your dad noticing the power bill going from $300 to $1500, you're nuts. He'll kill you.

licciepops

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Quote from: philipma1957 on November 17, 2022, 06:54:59 PM

you can't mine eth.

if you do and your energy cost is zero.

buying some s19's means 2000 a unit. total 4k

So say 2 of them cost you 4k they will earn 95+95=190

190 x .06 = $11.40 a day or 365 x 11.40 = 4161. so not counting power you will be $161 ahead.

so i think your saying at 2k per machine, with my dad paying the electricity costs, the noisy employees will roughly pay for themselves in 12 months?
converted into BTC, which is really what i want as i dont want the cash i really want 1 BTC and i dont want to sell it.

just thinking out loud here.......but im not sure.......at 4161 for 2 machines which basically break even without electricity costs.......at 17k for 1 BTC..........i would need approx 10 x s19s?

Wow thats a bit of a shock!!!!!! it sounds like a terrible idea. 10 machines cost 20k,get me 1 bitcoin in a year and kicked me out of my house probably Huh

Quote from: philipma1957 on November 17, 2022, 06:54:59 PM

do you have 240 volt power?

if you do and your energy cost is zero.

i dont really understand the power side of things yet. we just live in a normal uk house built in the 60s. will the garage support running 10x of these machines without blowing up the house lol. Noise isnt too much of an issue as we have a single detached garage at the rear of the house. but having said that how exactly noisy would 10 machines be?

This has got me thinking, i dont have the money to buy 1 BTC and my folks wouldnt give me the money to buy one. But they would possibly lend me 17k if it was to start up a mining business from home

[moderator's note: consecutive posts merged]

philipma1957

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'The right to privacy matters'

you can't mine eth.

and btc is loud gear.

do you have 240 volt power?

if you do and your energy cost is zero.

buying some s19's means 2000 a unit. total 4k

So say 2 of them cost you 4k they will earn 95+95=190

190 x .06 = $11.40 a day or 365 x 11.40 = 4161. so not counting power you will be $161 ahead.

frankly offer to do a chore for your parents and use the cash they pay you to buy some pieces of a coin.

licciepops

newbie

Activity: 2

Merit: 0

hi everyone

complete and total newbz here, know nothing about this and im sure this has been posted lots of times but any of you math tech guyz can help me out id much appreciate it

Im big into bitcoin/etherium and my lofty goal is to get 1 BTC or ETH equivalent in 12 months.

The big one energy costs; i live at home, my folks are minted and dont mind me beating up the energy costs( well they might when then get the bills but for now they are behind my idea)

Which coin would you mine?

Noise isnt much of an issue as we have a garage

Is it easy to set up, which software would you use

And the big question, is how much would it cost to get a set up to get me1 BTC in 12months, which kit would you buy bearing in mind the energy thing isnt much of an issue

tyty in advance guys

Topic: newbie question- goal is 1 bitcoin in 1 year (Read 259 times)