Making everything easier, I would just invest into ASIC miners. The resale value isn't there if you can't use it to mine anymore, but that won't be an issue for years. Also the return on investment for ASIC miners, if you can get them at list price, is 2-3 months, which is insane. Here's a short list of ASIC miners and how much they make a month compared to Miningstore.co's GPU miners:
Antminer S9: $262.32 (BTC)
Antminer T9: $203.87 (BTC)
Antminer R4: $163.71 (BTC)
Antminer S7: $16.92 (BTC)
Antminer U3: $-3.73 (BTC)
Antminer C1: $-41.93 (BTC)
Antminer D3: $2,177.31 (DASH)
Antminer L3+: $510.57 (LTC)
Miningstore Imperium: $229.41 (ETH)
Miningstore Nexus: $195.55 (ETH)
Income Rates set for the market prices at 11:05 EST 9/19/17
Topic: Setup to earn 1.000$ (Read 820 times)
I need a base calculation for starting. How about BTC price will be fixed and I have free energy? Can you make a suggestion?
Huge problem right from the start - BTC exchange rate is very far from fixed! Typical daily changes can be several hundred US$ and over the last 2 weeks it changed by almost $2kIf you have free energy AND CAN REMOVE THE HEAT AND DEAL WITH THE NOISE then BTC price does not matter too much because you *will* make money. How fast you make money is a different matter.
Why do so many folks overthink this?All that matters is the same for any business: Subtract cost of rent and utilities from gross monthly income. Apply a percentage of what is left to paying off miner. What is left after that is Profit.
Have you ever tried cloud mining contract before? 
I have purchase a contract myself. Plus without having to set up anything - software and hardware, i get a promising return every day. And how i wish i had invested more before the price soars upward.
I have purchase a contract myself. Plus without having to set up anything - software and hardware, i get a promising return every day. And how i wish i had invested more before the price soars upward.
I need a base calculation for starting. How about BTC price will be fixed and I have free energy? Can you make a suggestion?
As Alh said:
a. First comes your cost of electric. Mining eats a LOT of power. Be it mining BTC or altcoins - and they are VERY different things as far as hardware needed -- you are talking about using at least several kW of power. Period. Is your electric rate cheap enough so mining income not only exceeds cost of feeding (power) but of course produces positive income to apply to the proverbial ROI? That leads to,
b. All of that power is turned into heat. Many kW of heat, for reference, 1kW = 3,416BTU/hr of heat. The miners move that heat with high speed fans. Can you REMOVE that heat and deal with the noise?
Think about those things first.
a. First comes your cost of electric. Mining eats a LOT of power. Be it mining BTC or altcoins - and they are VERY different things as far as hardware needed -- you are talking about using at least several kW of power. Period. Is your electric rate cheap enough so mining income not only exceeds cost of feeding (power) but of course produces positive income to apply to the proverbial ROI? That leads to,
b. All of that power is turned into heat. Many kW of heat, for reference, 1kW = 3,416BTU/hr of heat. The miners move that heat with high speed fans. Can you REMOVE that heat and deal with the noise?
Think about those things first.
In general, this kind of question cannot be answered as stated. The primary key component to any financial calculation will be your cost of electricity, and then cost of any other infrastructure to house or maintain you mining setup.
Personally I don't know how to ignore the price of BTC, or your preferred Altoin, since you stated the requirement in terms of USD.
Is the $1000/month, revenue or profit?
Personally I don't know how to ignore the price of BTC, or your preferred Altoin, since you stated the requirement in terms of USD.
Is the $1000/month, revenue or profit?
Hi guys
I am new here. I read a lot of topic to understand mining and I think I've figured it out technically. But having trouble getting answers financially. I am truly sorry if this is double post but I am also guessing that numbers are not updated on old forums if exists. So please try to give me your best answer.
What kind of setup should I buy to earn 1.000$ per month? Please use only today's numbers. I don't care about difficulty rate increasing or coin price changing every minute. I just want to have a base number using today's numbers. You can simply use your own investment and income numbers to match.
Example:
Setup Type: GPU/CPU/HDD?
Coin: BTC/ETH/LTC/BURST?
Investment Amount:
$
Last month's income:
Thanks in advance.
I am new here. I read a lot of topic to understand mining and I think I've figured it out technically. But having trouble getting answers financially. I am truly sorry if this is double post but I am also guessing that numbers are not updated on old forums if exists. So please try to give me your best answer.
What kind of setup should I buy to earn 1.000$ per month? Please use only today's numbers. I don't care about difficulty rate increasing or coin price changing every minute. I just want to have a base number using today's numbers. You can simply use your own investment and income numbers to match.
Example:
Setup Type: GPU/CPU/HDD?
Coin: BTC/ETH/LTC/BURST?
Investment Amount:
$Last month's income:
Thanks in advance.
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