Update :
Already mining now using the s5+ and making almost 16 USD daily, so i think it's a good way to make easy money so I conceder it as a serious start for a nice bitcoin farm in Egypt.
Wish me good luck.
Topic: Start Mining with 2500$ Budget. (Read 3951 times)
I am from egypt and I am buying two
2thtc/s for bitcoin mining
2thtc/s for bitcoin mining
it's good to see Egyptians here bro,
you can PM me if you have a time to chat about mining Bitcoins in Egypt.
Yes, i have 220v power here and welling to start up my farm with this S5+ miner.
I am from egypt and I am buying two
2thtc/s for bitcoin mining
2thtc/s for bitcoin mining
Thanks for everyone shared information and gave a true advice here.
i already bought brand new AntMiner S5+ with 3x PSUs.
I'm expecting it by next Sunday and will share back information and videos, please wish me good luck with it.
i already bought brand new AntMiner S5+ with 3x PSUs.
I'm expecting it by next Sunday and will share back information and videos, please wish me good luck with it.
Just to make sure. You do have 220/240 that you will be using for it right?
Just checking as starting with 110 would not work. I'm guessing you know this just making sure
yeah even 208v would work, alot of data centers are equipped with 208v... so 208/220/240 are all key to getting that s5+ running. otherwise its one expensive conversation piece
Thanks for everyone shared information and gave a true advice here.
i already bought brand new AntMiner S5+ with 3x PSUs.
I'm expecting it by next Sunday and will share back information and videos, please wish me good luck with it.
i already bought brand new AntMiner S5+ with 3x PSUs.
I'm expecting it by next Sunday and will share back information and videos, please wish me good luck with it.
Just to make sure. You do have 220/240 that you will be using for it right?
Just checking as starting with 110 would not work. I'm guessing you know this just making sure
Thanks for everyone shared information and gave a true advice here.
i already bought brand new AntMiner S5+ with 3x PSUs.
I'm expecting it by next Sunday and will share back information and videos, please wish me good luck with it.
i already bought brand new AntMiner S5+ with 3x PSUs.
I'm expecting it by next Sunday and will share back information and videos, please wish me good luck with it.
The problem with home mining is even if you do have cheap power and access to the miner, there is still the question of exiting the market.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
Exiting the market is easy, sell your gear. It is common for people to do this.
I would agree the block halving is a bigger deal. We don't know really what will happen. Best case we gain a good amount in price before hand. But if it stays the same with halving it would not be good.
Selling your gear is not so easy to without a significant loss. You buy a miner, mine with it 3-4 months and then try to sell it, u ll have to accept 30% loss on your purchase price. You buy a cloud miner, mine with it for 3-4 months and you can possibly sell it at the same or even higher price, depending on market conditions. I did this several times.
I think you are using old timelines. Long ago yes you could mine 90 days (3 months) and turn profit and sell and make exxtra.
Now yes I mine with all of my miners longer then 3 months. I would guess I had my Dragon 1T around a year or so before selling. So I only sell after they have been well mined with. And it does add extra not take away (in my case at least).
What cloud mining site are you repeatedly doing this on?
The problem with home mining is even if you do have cheap power and access to the miner, there is still the question of exiting the market.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
Exiting the market is easy, sell your gear. It is common for people to do this.
I would agree the block halving is a bigger deal. We don't know really what will happen. Best case we gain a good amount in price before hand. But if it stays the same with halving it would not be good.
Selling your gear is not so easy to without a significant loss. You buy a miner, mine with it 3-4 months and then try to sell it, u ll have to accept 30% loss on your purchase price. You buy a cloud miner, mine with it for 3-4 months and you can possibly sell it at the same or even higher price, depending on market conditions. I did this several times.
compare electricity costs and see if its profitable
I'm not sure why this thread is being bumped. It was solved already for OP.
In this case was not just electricity cost, but also import cost. Keep in mind all costs that factor in when calculating ROI.
compare electricity costs and see if its profitable
The problem with home mining is even if you do have cheap power and access to the miner, there is still the question of exiting the market.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
Exiting the market is easy, sell your gear. It is common for people to do this.
I would agree the block halving is a bigger deal. We don't know really what will happen. Best case we gain a good amount in price before hand. But if it stays the same with halving it would not be good.
If the price increase with a good amount, won't this lead to people switching their miners on again? Thus increasing the difficulty, leaving you in the same position (unable to reach ROI)?
We just don't know what will happen at halving. I mean we could have btc around what it is now, and mining drop.
We can guess and speculate. But we will not know what it will do until we get closer. A year is a long time in crypto world.
The problem with home mining is even if you do have cheap power and access to the miner, there is still the question of exiting the market.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
Exiting the market is easy, sell your gear. It is common for people to do this.
I would agree the block halving is a bigger deal. We don't know really what will happen. Best case we gain a good amount in price before hand. But if it stays the same with halving it would not be good.
If the price increase with a good amount, won't this lead to people switching their miners on again? Thus increasing the difficulty, leaving you in the same position (unable to reach ROI)?
The problem with home mining is even if you do have cheap power and access to the miner, there is still the question of exiting the market.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
Exiting the market is easy, sell your gear. It is common for people to do this.
I would agree the block halving is a bigger deal. We don't know really what will happen. Best case we gain a good amount in price before hand. But if it stays the same with halving it would not be good.
The problem with home mining is even if you do have cheap power and access to the miner, there is still the question of exiting the market.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
At one point, you ll want to exit the market, replace miners, upgrade, etc. All this is very hard with home mining. With cloud, you can exit any time you want, at least with companies which provide this service.
Also, take into account block halving which ll take place in about a year. At this point, current, existing miners ll be extremely unprofitable unless the price goes up big time.
Perfect answer.
Most don't show much of their big data center's. One of the bigger sellers of hosted gear is Mr. Lee in group buy.
Look at post here and scroll down to see types of data center you would have to compete with. - https://bitcointalksearch.org/topic/lee-group1980-the-sales-of-first-batch-hosted-antminer-s7psu-included-934581
Perfect answer.
First Point : Hosting place
Second Point : Electricity
Third point : import fees
First :
-----
we've a place [ 325 M ] which is now used as a storage unit so we can clean and manage it as well to become a hosting place with good Air coolers systems, such as like very strong fans ( customized as needed ) and/or Air conditioner, so the place isn't an issue for using as a little farm.
Second :
--------
since 2010 people start investing in selling electricity to Government and make a good investing on this field, so i believe that i can get a real cheap electricity from this way.
but i'd like to ask you about the best price for the electricity and how to calculate the usage of S4+ 2.5TH/s Miner ?
Third :
------
Sadly Egyptian customs and taxs department isn't negotiating the fees so the 10% can't be fixed.
i think even if i or any investor paid the extra 10% rate as importing fees it will be a matter of time to get it back by mining for extra period of time.
Second Point : Electricity
Third point : import fees
First :
-----
we've a place [ 325 M ] which is now used as a storage unit so we can clean and manage it as well to become a hosting place with good Air coolers systems, such as like very strong fans ( customized as needed ) and/or Air conditioner, so the place isn't an issue for using as a little farm.
Second :
--------
since 2010 people start investing in selling electricity to Government and make a good investing on this field, so i believe that i can get a real cheap electricity from this way.
but i'd like to ask you about the best price for the electricity and how to calculate the usage of S4+ 2.5TH/s Miner ?
Third :
------
Sadly Egyptian customs and taxs department isn't negotiating the fees so the 10% can't be fixed.
i think even if i or any investor paid the extra 10% rate as importing fees it will be a matter of time to get it back by mining for extra period of time.
I am being honest 10 percent import fees is hard to get around. There are not that many investors that will have enough for a entire data center when they compare places this will stop most. They will ask them self why add a extra 10 percent to make when it's already tight ROI?
Electricity I was being honest when I said you need to get it around half of the 0.07$lower to up 0.09$. I just don't see you being able to go from 9 with higher usage to 4-5 cents. It sounds easy but people go to China, and US such as Washington state to find this.
And I'm not trying to kill your dreams. I love mining. I honestly suggest you mine for yourself but don't put a lot of money into a "data center" unless your current stats change.
First Point : Hosting place
Second Point : Electricity
Third point : import fees
First :
-----
we've a place [ 325 M ] which is now used as a storage unit so we can clean and manage it as well to become a hosting place with good Air coolers systems, such as like very strong fans ( customized as needed ) and/or Air conditioner, so the place isn't an issue for using as a little farm.
Second :
--------
since 2010 people start investing in selling electricity to Government and make a good investing on this field, so i believe that i can get a real cheap electricity from this way.
but i'd like to ask you about the best price for the electricity and how to calculate the usage of S4+ 2.5TH/s Miner ?
Third :
------
Sadly Egyptian customs and taxs department isn't negotiating the fees so the 10% can't be fixed.
i think even if i or any investor paid the extra 10% rate as importing fees it will be a matter of time to get it back by mining for extra period of time.
Second Point : Electricity
Third point : import fees
First :
-----
we've a place [ 325 M ] which is now used as a storage unit so we can clean and manage it as well to become a hosting place with good Air coolers systems, such as like very strong fans ( customized as needed ) and/or Air conditioner, so the place isn't an issue for using as a little farm.
Second :
--------
since 2010 people start investing in selling electricity to Government and make a good investing on this field, so i believe that i can get a real cheap electricity from this way.
but i'd like to ask you about the best price for the electricity and how to calculate the usage of S4+ 2.5TH/s Miner ?
Third :
------
Sadly Egyptian customs and taxs department isn't negotiating the fees so the 10% can't be fixed.
i think even if i or any investor paid the extra 10% rate as importing fees it will be a matter of time to get it back by mining for extra period of time.
sorry for asking this way but what actually motivates you to start mining (and invest thousands of USD to mining gear) over buying BTC directly? I'm just curious.)
I believe that investing in Mining is real gambling while i have a good chance to make such small profits from it and it might be a start point to build a the first mining farm in Egypt as well.
Now i'd like to ask you @notlist3d if there a chance to open investing in Mining by hosting and cooling miners for people and charge for a cheap electricity and small fee of cooling ??
do you think that people might be interesting in investing with me?
Sadly I think the 10 percent import fees kill the chance of it. Most legit mining companies will not avoid these, and rightfully so.
The electricity prices you mention are not really great. Most would go to if US Washington state, and China is become a heck of a place that is hosting a lot.
What you do have for you is looking at humidity chances are you could use evaporation cooling, which is a huge plus. Means cooling is a lot cheaper then standard ways.
So overall if you were to invest I would suggest going to a more known place for hosting. I wish I had a better anwser for you, but this my opinion. If you were going to make an investment in hosting I would suggest a US or China partner and follow the cheap electricity.
If you want to make it work you would have to get extremely low electricity around half of what you mentioned. You have to find a LEGAL way to get miners in at a lower import fee.
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