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nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: tncoinminer on July 05, 2014, 10:43:14 AM

I am new to bit coin hobby. I am looking for a good rig to mining with . I get $1600-$2000 I want to make $20to$50 a day I hope .. I get free power at my store thanks landlord lol . Can help me out . I see a rig on eBay for $1600 it a 1.2 t ? Can build rigs for less right now ?

If you want to do yourself a favor I would recommend the following:
1.) Hold onto your $1,600 for now
2.) Run bitcoin price calculator to determine exactly how much bitcoin you would mine if you had hardware in hand today.
3.) Wait 3-4 weeks and re-run your calculations for mining coin at same hashrate
4.) And if steps 2 and 3 don't convince you, then jump back onto e-bay in 3-4 weeks and see how much that $1,600 unit is selling for at that time.

If you execute these steps and still decide that putting your $1,600 into mining equipment is smarter than simply purchasing and holding bitcoin then have at it :p

Katarina

member

Activity: 112

Merit: 10

Quote from: tncoinminer on July 05, 2014, 10:43:14 AM

I am new to bit coin hobby. I am looking for a good rig to mining with . I get $1600-$2000 I want to make $20to$50 a day I hope .. I get free power at my store thanks landlord lol . Can help me out . I see a rig on eBay for $1600 it a 1.2 t ? Can build rigs for less right now ?

Although you got free electricity from your landlord, but I don't think he would be happy if your bills increase like $5000. Good luck with that.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: tncoinminer on July 05, 2014, 10:43:14 AM

I am new to bit coin hobby. I am looking for a good rig to mining with . I get $1600-$2000 I want to make $20to$50 a day I hope .. I get free power at my store thanks landlord lol . Can help me out . I see a rig on eBay for $1600 it a 1.2 t ? Can build rigs for less right now ?

free power = 1000 watts ?

free power = 2000 watts ?

you can buy a 3 s-3's for 2.2btc or about 1408 usd

you need about 1100-1200 watts . it would hash at 1400gh

Free power would mean you would get the money you laid out in 70 to 135 days .

you would make a profit of about 250 usd to 650 usd to 1000 usd

all guess work numbers since I do not know if BTC price jumps or drops. and I do not know if DIff jumps are 20% or 18%

ALToids

hero member

Activity: 519

Merit: 500

Quote from: Hexcoin on July 05, 2014, 03:33:22 PM

profit depends on bitcoin price, mining difficulty, hardware cost

use the above calculator with your numbers and you can get an idea about your profit

Profit does not depend on bitcoin price. If you're depending on the price you could simply buy the BTC directly and wait on it.

Profit depends on mining more BTC during the useful life of the miner than the cost of the miner (in terms of BTC). Almost every miner available will be a loss.

Even if Bitcoin goes to $10k USD you will still be at a loss considering you could have received more coins buying them than mining.

This is even with the consideration of free electricity.

Hexcoin

hero member

Activity: 504

Merit: 500

profit depends on bitcoin price, mining difficulty, hardware cost

use the above calculator with your numbers and you can get an idea about your profit

silvestar

legendary

Activity: 1134

Merit: 1002

Quote from: tncoinminer on July 05, 2014, 10:43:14 AM

I am new to bit coin hobby. I am looking for a good rig to mining with . I get $1600-$2000 I want to make $20to$50 a day I hope .. I get free power at my store thanks landlord lol . Can help me out . I see a rig on eBay for $1600 it a 1.2 t ? Can build rigs for less right now ?

Before you buy anything, you should take a look at a mining calculator (eg. https://bitcoinwisdom.com/bitcoin/calculator).
Please note that bitcoin difficulty adjusts every 2016 blocks (about 13 days), and your daily return will change accordingly.

tncoinminer

newbie

Activity: 10

Merit: 0

I am new to bit coin hobby. I am looking for a good rig to mining with . I get $1600-$2000 I want to make $20to$50 a day I hope .. I get free power at my store thanks landlord lol . Can help me out . I see a rig on eBay for $1600 it a 1.2 t ? Can build rigs for less right now ?

Topic: pool or no pool (Read 930 times)