Price went up a lot but you'd need to cut that electricity at least by half to even hope to turn a profit.
With that price, you'll pay far more in electricity than any revenue you'd manage to get.
Topic: Question about a new mine operation (Read 687 times)
Hello everyone,
I'm rather new to mining and have a few questions for the veterans here which I hope will be kind enough to answer with honest answers.
I'm buying 50 antminers s9 for 1113 each + psu's at $105 each.
My avg electricity kwh cost is at around $0.145
With the current raise in difficulty, do you think it would be making any profit assuming the exchange rate will be at or above $2500 per BTC in a few months?
I would be thankful to have a chat with someone who can spare some time to explain things to me.
-Shyig
I'm rather new to mining and have a few questions for the veterans here which I hope will be kind enough to answer with honest answers.
I'm buying 50 antminers s9 for 1113 each + psu's at $105 each.
My avg electricity kwh cost is at around $0.145
With the current raise in difficulty, do you think it would be making any profit assuming the exchange rate will be at or above $2500 per BTC in a few months?
I would be thankful to have a chat with someone who can spare some time to explain things to me.
-Shyig
I would strongly suggest learning more about how mining works, and the risks associated with it, as well as the requirements beyond just hardware and electricty (space, power stability and heat etc) before dropping 55 grand
Just as one investing 50k in a business start up, or investment portfolio would formulate a business plan, with strength-weakness-opportunity-threat analysis, growth and ROI forecasts and breakeven targets - not to mention contingency planning, prior to exchanging hard earned liquidity for risky opportunities.
Or... if you dont wish to gather and sift through hours and hours and books and books of knowledge, then you should reapportion part of your investment to hiring someone with the appropriate skills.
Good luck and welcome to mining
Hello everyone,
I'm rather new to mining and have a few questions for the veterans here which I hope will be kind enough to answer with honest answers.
I'm buying 50 antminers s9 for 1113 each + psu's at $105 each.
My avg electricity kwh cost is at around $0.145
With the current raise in difficulty, do you think it would be making any profit assuming the exchange rate will be at or above $2500 per BTC in a few months?
I would be thankful to have a chat with someone who can spare some time to explain things to me.
-Shyig
I'm rather new to mining and have a few questions for the veterans here which I hope will be kind enough to answer with honest answers.
I'm buying 50 antminers s9 for 1113 each + psu's at $105 each.
My avg electricity kwh cost is at around $0.145
With the current raise in difficulty, do you think it would be making any profit assuming the exchange rate will be at or above $2500 per BTC in a few months?
I would be thankful to have a chat with someone who can spare some time to explain things to me.
-Shyig
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