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 3985 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.
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?
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 think mining is a fun hobby. I can see why buying direct has such you mention.
But it is possible to ROI if done right. It it's no longer 90 day's and is much harder, no doubt. But part of it is that gamble that you might get even more btc. Will everyone do this... no sadly. But if done smart you can ROI.
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'm thinking of 2 options,
First:
-----
Getting 2x of S4+ Miners [ 2x 2570 GH/s ] so it's 5140 GH/s
that would be able to collect 1.65141655 BTC per month.
Second:
------
Getting One of SP35 Miner [ 5.5 TH/S ]
that would be able to collect 1.76707996 BTC per month.
i'm not really sure which one is the perfect start with Bitcoin Mining.
First:
-----
Getting 2x of S4+ Miners [ 2x 2570 GH/s ] so it's 5140 GH/s
that would be able to collect 1.65141655 BTC per month.
Second:
------
Getting One of SP35 Miner [ 5.5 TH/S ]
that would be able to collect 1.76707996 BTC per month.
i'm not really sure which one is the perfect start with Bitcoin Mining.
Well I can see pros and cons. S4+ you can get new which is a plus, also when selling you can sell to 2 different people at end of life. You have warranty assuming you buy from Bitmain. Biggest plus if something goes horribly wrong you have 2 unit's so could have one unit out and other still mining.
SP35 has the pro's of being one unit that could be put in a data center easy. Also has underclocking capability. You will be able to underclock much more with SP gear then the ant's.
Honestly I don't think there is a wrong choice.
I'm thinking of 2 options,
First:
-----
Getting 2x of S4+ Miners [ 2x 2570 GH/s ] so it's 5140 GH/s
that would be able to collect 1.65141655 BTC per month.
Second:
------
Getting One of SP35 Miner [ 5.5 TH/S ]
that would be able to collect 1.76707996 BTC per month.
i'm not really sure which one is the perfect start with Bitcoin Mining.
First:
-----
Getting 2x of S4+ Miners [ 2x 2570 GH/s ] so it's 5140 GH/s
that would be able to collect 1.65141655 BTC per month.
Second:
------
Getting One of SP35 Miner [ 5.5 TH/S ]
that would be able to collect 1.76707996 BTC per month.
i'm not really sure which one is the perfect start with Bitcoin Mining.
Actually i don't have much trust on cloud mining.
so if one day the cloud mining company decide to end them services or even had any problems i will loose my capital without being able to do anything.
I'm thinking of having the Hardware as long as i can run it myself with a good pool and have the chance to increase my earnings by adding more hardware, otherwise if i'd like to end the mining i'll have the Hardware to resell and get cash.
as far as i see most people already enthusiasm and conciser the mining is a lost game after 2105, but i see it from a different view and i hope to be right.
if i use more power i would get a power contract for 4 Cents or 4.5 cents maximum per KW, that would save more on high usage, but actually i don't know how many KW will i use for 24/7 mining using 220V line for 30 days ?
if some one can answer this, it will clear my mind about my future plan .
so if one day the cloud mining company decide to end them services or even had any problems i will loose my capital without being able to do anything.
I'm thinking of having the Hardware as long as i can run it myself with a good pool and have the chance to increase my earnings by adding more hardware, otherwise if i'd like to end the mining i'll have the Hardware to resell and get cash.
as far as i see most people already enthusiasm and conciser the mining is a lost game after 2105, but i see it from a different view and i hope to be right.
if i use more power i would get a power contract for 4 Cents or 4.5 cents maximum per KW, that would save more on high usage, but actually i don't know how many KW will i use for 24/7 mining using 220V line for 30 days ?
if some one can answer this, it will clear my mind about my future plan .
This anwser would vary greatly on a 220. What miners do you plan on using?
Actually i don't have much trust on cloud mining.
so if one day the cloud mining company decide to end them services or even had any problems i will loose my capital without being able to do anything.
I'm thinking of having the Hardware as long as i can run it myself with a good pool and have the chance to increase my earnings by adding more hardware, otherwise if i'd like to end the mining i'll have the Hardware to resell and get cash.
as far as i see most people already enthusiasm and conciser the mining is a lost game after 2105, but i see it from a different view and i hope to be right.
if i use more power i would get a power contract for 4 Cents or 4.5 cents maximum per KW, that would save more on high usage, but actually i don't know how many KW will i use for 24/7 mining using 220V line for 30 days ?
if some one can answer this, it will clear my mind about my future plan .
so if one day the cloud mining company decide to end them services or even had any problems i will loose my capital without being able to do anything.
I'm thinking of having the Hardware as long as i can run it myself with a good pool and have the chance to increase my earnings by adding more hardware, otherwise if i'd like to end the mining i'll have the Hardware to resell and get cash.
as far as i see most people already enthusiasm and conciser the mining is a lost game after 2105, but i see it from a different view and i hope to be right.
if i use more power i would get a power contract for 4 Cents or 4.5 cents maximum per KW, that would save more on high usage, but actually i don't know how many KW will i use for 24/7 mining using 220V line for 30 days ?
if some one can answer this, it will clear my mind about my future plan .
I dont think home mining is the way to go anymore.
Try cloudmining, you can exit easily if something goes wrong. I would go with Hashnest or Bit-x.
Alternatively, you can try PoS coins, I like DMD Diamond, 50% annual interest.
https://bit.diamonds/
Try cloudmining, you can exit easily if something goes wrong. I would go with Hashnest or Bit-x.
Alternatively, you can try PoS coins, I like DMD Diamond, 50% annual interest.
https://bit.diamonds/
@notlist3d give you a good points to look after.
Also the 650 kw will finish after about 4-5 days if you have 20 S3+. So your real power price will be 9 cent not 7 cents.
Also you need to buy some server PSU with breakout boards to fire up the miners.
I suggest you to look on local market for used gears may be you will find some , I know it is hard to find any used gears on the local market on eqypt but go ahead and give it a shot.
Also the 650 kw will finish after about 4-5 days if you have 20 S3+. So your real power price will be 9 cent not 7 cents.
Also you need to buy some server PSU with breakout boards to fire up the miners.
I suggest you to look on local market for used gears may be you will find some , I know it is hard to find any used gears on the local market on eqypt but go ahead and give it a shot.
Actually there's no Egyptian Markets for Miners as far as i know, and about the power price i can link up with people who generate electricity directly to buy in 4.5-5 cents in USD but i should buy converters and batteries in order to start using them power.
Electricity, Noise and much heat isn't a big issue where i live friends.
With no local market it might make it a little harder. It appears you will have to pay the 10 percent import tax.
In the tight margin mining game today that actually could make a difference. I would try 1 or 2 depending on model and see how you do. Electricity is ok but not "cheap" so it's going to be a little harder on ROI.
I thought mining in general is dead, so which is why most people just flip hardware these days.
And after profit, they just go buy bitcoin instead and hold.
Its what I would be doing with that $2,500.
And after profit, they just go buy bitcoin instead and hold.
Its what I would be doing with that $2,500.
Keep the $2,500.
Go buy 1 btc when you get a chance when it falls to $180 or 2 btc if you feel generous about it.
The remaining money held to buy more, if it continues and sell off it rises and keep on doing this. After you get yourself a risk free scenario based on all these buy and hold sell point, ask yourself was it worth it to buy a hardware that will put you in the red if the value never held a constant increasing #.
I`d pay off any personal debt instead, if you dont have any then consider it to better use for personal funds.
Go buy 1 btc when you get a chance when it falls to $180 or 2 btc if you feel generous about it.
The remaining money held to buy more, if it continues and sell off it rises and keep on doing this. After you get yourself a risk free scenario based on all these buy and hold sell point, ask yourself was it worth it to buy a hardware that will put you in the red if the value never held a constant increasing #.
I`d pay off any personal debt instead, if you dont have any then consider it to better use for personal funds.
@notlist3d give you a good points to look after.
Also the 650 kw will finish after about 4-5 days if you have 20 S3+. So your real power price will be 9 cent not 7 cents.
Also you need to buy some server PSU with breakout boards to fire up the miners.
I suggest you to look on local market for used gears may be you will find some , I know it is hard to find any used gears on the local market on eqypt but go ahead and give it a shot.
Also the 650 kw will finish after about 4-5 days if you have 20 S3+. So your real power price will be 9 cent not 7 cents.
Also you need to buy some server PSU with breakout boards to fire up the miners.
I suggest you to look on local market for used gears may be you will find some , I know it is hard to find any used gears on the local market on eqypt but go ahead and give it a shot.
Actually there's no Egyptian Markets for Miners as far as i know, and about the power price i can link up with people who generate electricity directly to buy in 4.5-5 cents in USD but i should buy converters and batteries in order to start using them power.
Electricity, Noise and much heat isn't a big issue where i live friends.
First start smaller. Don't jump to 20 machines. You are dealing with a lot of heat and electricity with 20 machines.
As far as custom's i don't suggest trying to doge them, I know some will. But no honest reseller will do that. Shipping only way you can get around is if you find a local one. I don't know Egypt market, but check Craigslist and other places like that.
I would suggest you look into hosting providers. I know you won't like that anwser. But with that shipping and tax I suggest looking if it's cheaper to ship to a hosting facility.
As far as custom's i don't suggest trying to doge them, I know some will. But no honest reseller will do that. Shipping only way you can get around is if you find a local one. I don't know Egypt market, but check Craigslist and other places like that.
I would suggest you look into hosting providers. I know you won't like that anwser. But with that shipping and tax I suggest looking if it's cheaper to ship to a hosting facility.
Actually there's no one selling Miners in Egypt at all, not even a single one.
You're right to not jump into 20 miners at once maybe not because of the heat but because of the shipping fees
so i'm still thinking of 2x S4+ Miners 5140 GH ±5% which around 400$ payout monthly.
so if i'm right i can collect my 2000$ back within 5 Months and when the difficulty increase it will delay me about 15 - 30 days.
i think it worth to start investing in Mining Bitcoin and be the first in Egypt who supply and host Miners as well.
- As i know you have to pay import fees to eqyptian custom.
YES, i pay 10% as customs fees.
-Give us the exact price you pay for power and how much power you can have
Exact power cost is 0.07$ per KW Limited to 650 KW and 0.09$ per KW for more than 650 KW usage.
i already searched S3+ Miners and found it around 100$,
so according the budget it allows me to buy 20 S3+ ( 450GH x 20 = 9000 GH ) [ that's awesome ]
but let me ask you do i need 20 PSU to run it and how much each PSU ?
S3+ Miner is 13 pounds and costs 100$ as used one.
so it costs me 10$ as customs fees and 83$ to ship it here to EGYPT..
any advices ?
YES, i pay 10% as customs fees.
-Give us the exact price you pay for power and how much power you can have
Exact power cost is 0.07$ per KW Limited to 650 KW and 0.09$ per KW for more than 650 KW usage.
i already searched S3+ Miners and found it around 100$,
so according the budget it allows me to buy 20 S3+ ( 450GH x 20 = 9000 GH ) [ that's awesome ]
but let me ask you do i need 20 PSU to run it and how much each PSU ?
S3+ Miner is 13 pounds and costs 100$ as used one.
so it costs me 10$ as customs fees and 83$ to ship it here to EGYPT..
any advices ?
@notlist3d give you a good points to look after.
Also the 650 kw will finish after about 4-5 days if you have 20 S3+. So your real power price will be 9 cent not 7 cents.
Also you need to buy some server PSU with breakout boards to fire up the miners.
I suggest you to look on local market for used gears may be you will find some , I know it is hard to find any used gears on the local market on eqypt but go ahead and give it a shot.
- As i know you have to pay import fees to eqyptian custom.
YES, i pay 10% as customs fees.
-Give us the exact price you pay for power and how much power you can have
Exact power cost is 0.07$ per KW Limited to 650 KW and 0.09$ per KW for more than 650 KW usage.
i already searched S3+ Miners and found it around 100$,
so according the budget it allows me to buy 20 S3+ ( 450GH x 20 = 9000 GH ) [ that's awesome ]
but let me ask you do i need 20 PSU to run it and how much each PSU ?
S3+ Miner is 13 pounds and costs 100$ as used one.
so it costs me 10$ as customs fees and 83$ to ship it here to EGYPT..
any advices ?
YES, i pay 10% as customs fees.
-Give us the exact price you pay for power and how much power you can have
Exact power cost is 0.07$ per KW Limited to 650 KW and 0.09$ per KW for more than 650 KW usage.
i already searched S3+ Miners and found it around 100$,
so according the budget it allows me to buy 20 S3+ ( 450GH x 20 = 9000 GH ) [ that's awesome ]
but let me ask you do i need 20 PSU to run it and how much each PSU ?
S3+ Miner is 13 pounds and costs 100$ as used one.
so it costs me 10$ as customs fees and 83$ to ship it here to EGYPT..
any advices ?
First start smaller. Don't jump to 20 machines. You are dealing with a lot of heat and electricity with 20 machines.
As far as custom's i don't suggest trying to doge them, I know some will. But no honest reseller will do that. Shipping only way you can get around is if you find a local one. I don't know Egypt market, but check Craigslist and other places like that.
I would suggest you look into hosting providers. I know you won't like that anwser. But with that shipping and tax I suggest looking if it's cheaper to ship to a hosting facility.
- As i know you have to pay import fees to eqyptian custom.
YES, i pay 10% as customs fees.
-Give us the exact price you pay for power and how much power you can have
Exact power cost is 0.07$ per KW Limited to 650 KW and 0.09$ per KW for more than 650 KW usage.
i already searched S3+ Miners and found it around 100$,
so according the budget it allows me to buy 20 S3+ ( 450GH x 20 = 9000 GH ) [ that's awesome ]
but let me ask you do i need 20 PSU to run it and how much each PSU ?
S3+ Miner is 13 pounds and costs 100$ as used one.
so it costs me 10$ as customs fees and 83$ to ship it here to EGYPT..
any advices ?
YES, i pay 10% as customs fees.
-Give us the exact price you pay for power and how much power you can have
Exact power cost is 0.07$ per KW Limited to 650 KW and 0.09$ per KW for more than 650 KW usage.
i already searched S3+ Miners and found it around 100$,
so according the budget it allows me to buy 20 S3+ ( 450GH x 20 = 9000 GH ) [ that's awesome ]
but let me ask you do i need 20 PSU to run it and how much each PSU ?
S3+ Miner is 13 pounds and costs 100$ as used one.
so it costs me 10$ as customs fees and 83$ to ship it here to EGYPT..
any advices ?
I'm Just thinking of Getting the best Miners to get start with 2500 USD Budget,
so once it work as well and i see money coming from it as well, i can market the idea of investing money with us in Bitcoin mining.
i can tell that business people are suffering alot in Egypt since the revolution, we don't have a really stable business here away for the military or government business so the idea is just confirming the income and see how stable is't so i start marketing the idea beside i can provide a cool place to host miners in it [ below 30*] for people how'd like to send us them miners to host and manage it as well so i can provide a cool hosting place and stable internet connection with 24/7 support.
please advice which is the best Miners to start with ?
2x S4+ ( 2TH ) with cost of 2000$
or
4x Spondoolies-Tech SP10 Dawson ( 1.4 TH ) with cost of 2000$
so once it work as well and i see money coming from it as well, i can market the idea of investing money with us in Bitcoin mining.
i can tell that business people are suffering alot in Egypt since the revolution, we don't have a really stable business here away for the military or government business so the idea is just confirming the income and see how stable is't so i start marketing the idea beside i can provide a cool place to host miners in it [ below 30*] for people how'd like to send us them miners to host and manage it as well so i can provide a cool hosting place and stable internet connection with 24/7 support.
please advice which is the best Miners to start with ?
2x S4+ ( 2TH ) with cost of 2000$
or
4x Spondoolies-Tech SP10 Dawson ( 1.4 TH ) with cost of 2000$
It is all about power price and import fees.
As i know you have to pay import fees to eqyptian custom.
You can buy used S3+ which a more high power per gh more than s4+. You will find it used 80-100 USD.
Also you need PSU to run them.
Give us the exact price you pay for power and how much power you can have . You may have access to cheap power , but is this power limited to certain amount or not ?
I'm Just thinking of Getting the best Miners to get start with 2500 USD Budget,
so once it work as well and i see money coming from it as well, i can market the idea of investing money with us in Bitcoin mining.
i can tell that business people are suffering alot in Egypt since the revolution, we don't have a really stable business here away for the military or government business so the idea is just confirming the income and see how stable is't so i start marketing the idea beside i can provide a cool place to host miners in it [ below 30*] for people how'd like to send us them miners to host and manage it as well so i can provide a cool hosting place and stable internet connection with 24/7 support.
please advice which is the best Miners to start with ?
2x S4+ ( 2TH ) with cost of 2000$
or
4x Spondoolies-Tech SP10 Dawson ( 1.4 TH ) with cost of 2000$
so once it work as well and i see money coming from it as well, i can market the idea of investing money with us in Bitcoin mining.
i can tell that business people are suffering alot in Egypt since the revolution, we don't have a really stable business here away for the military or government business so the idea is just confirming the income and see how stable is't so i start marketing the idea beside i can provide a cool place to host miners in it [ below 30*] for people how'd like to send us them miners to host and manage it as well so i can provide a cool hosting place and stable internet connection with 24/7 support.
please advice which is the best Miners to start with ?
2x S4+ ( 2TH ) with cost of 2000$
or
4x Spondoolies-Tech SP10 Dawson ( 1.4 TH ) with cost of 2000$
Honestly as someone who has owned miners in the past I'd advise you against it.
They are loud, they produce heat which must be vented and they vibrate and flash like crazy.
Not to mention you'll have to consider cost of keeping them cool and electricity and whatnot.
What type of graphics card do you have? If you have an Nvidia based card maybe try out mining Credits.
Atleast this way you aren't wasting a bunch of money on expensive ASIC gear but still get to mine something.
They are loud, they produce heat which must be vented and they vibrate and flash like crazy.
Not to mention you'll have to consider cost of keeping them cool and electricity and whatnot.
What type of graphics card do you have? If you have an Nvidia based card maybe try out mining Credits.
Atleast this way you aren't wasting a bunch of money on expensive ASIC gear but still get to mine something.
Actually i'm looking forward to test it as well,
if it pays good as 400$ monthly, i'll go with it for a while then start grouping friends to build a good Mining Farm.
Personally I love mining. It's a fun hobby.
But as far as building a "mining farm" you will be far away from it unless you have a good amount set aside. Once you feel the heat, noise, etc. And most of all massive amount of electricity. You can sure build a mini farm, but you will never reach it like big corporations unless you just had a fortune to spend.
Honestly as someone who has owned miners in the past I'd advise you against it.
They are loud, they produce heat which must be vented and they vibrate and flash like crazy.
Not to mention you'll have to consider cost of keeping them cool and electricity and whatnot.
What type of graphics card do you have? If you have an Nvidia based card maybe try out mining Credits.
Atleast this way you aren't wasting a bunch of money on expensive ASIC gear but still get to mine something.
They are loud, they produce heat which must be vented and they vibrate and flash like crazy.
Not to mention you'll have to consider cost of keeping them cool and electricity and whatnot.
What type of graphics card do you have? If you have an Nvidia based card maybe try out mining Credits.
Atleast this way you aren't wasting a bunch of money on expensive ASIC gear but still get to mine something.
Actually i'm looking forward to test it as well,
if it pays good as 400$ monthly, i'll go with it for a while then start grouping friends to build a good Mining Farm.
Honestly as someone who has owned miners in the past I'd advise you against it.
They are loud, they produce heat which must be vented and they vibrate and flash like crazy.
Not to mention you'll have to consider cost of keeping them cool and electricity and whatnot.
What type of graphics card do you have? If you have an Nvidia based card maybe try out mining Credits.
Atleast this way you aren't wasting a bunch of money on expensive ASIC gear but still get to mine something.
They are loud, they produce heat which must be vented and they vibrate and flash like crazy.
Not to mention you'll have to consider cost of keeping them cool and electricity and whatnot.
What type of graphics card do you have? If you have an Nvidia based card maybe try out mining Credits.
Atleast this way you aren't wasting a bunch of money on expensive ASIC gear but still get to mine something.
what's the best thing to do ..?
Start with 2x S4+ ( 2TH ) with cost of 2000$ or 4x Spondoolies-Tech SP10 Dawson ( 1.4 TH ) with cost of 2000$ ?
Start with 2x S4+ ( 2TH ) with cost of 2000$ or 4x Spondoolies-Tech SP10 Dawson ( 1.4 TH ) with cost of 2000$ ?
Another Question please..
- should i have a High Speed internet ?
or just 1MB/S will be OK to start working ?
- should i have a High Speed internet ?
or just 1MB/S will be OK to start working ?
OK, now i understand it as well, so the difficulty depended on luck now if it increase i make a lower money.
I'd like to ask if there's a cheaper miners than S4+ which is almost 1000$, and what's the best miners to start with.?
I'd like to ask if there's a cheaper miners than S4+ which is almost 1000$, and what's the best miners to start with.?
Difficulty is not based on luck but the amount of people who are mining. (Total amount of Hashrate or Ghash for example)
More people mining = Less bitcoins per "Miner" = Less profit per miner (if Bitcoin value remains the same)
OK, now i understand it as well, so the difficulty depended on luck now if it increase i make a lower money.
I'd like to ask if there's a cheaper miners than S4+ which is almost 1000$, and what's the best miners to start with.?
I'd like to ask if there's a cheaper miners than S4+ which is almost 1000$, and what's the best miners to start with.?
Quote from: notlist3d
Your electricity is ok. Its good no vat/tax as it can kill any chance of roi.
You would stand a chance. As Erik mentioned difficulty will effect it. I suggest doing some ROI math I personally like - https://bitcoinwisdom.com/bitcoin/calculator
Were talking 171 days to get money back if you have no difficulty change, and don't have electricity. With electricity and zero difficulty change you will take around 323 days to get money back.
So take that as broad anwser. Difficulty will change it alot.
Actually i don't understand the Difficulty very much but i'm using this calculator : https://alloscomp.com/bitcoin/calculator
which says that if i used 2x S4+ Miners ( 5140 GH ) with Exchange Rate of 243.68$ would make about $402.42 per month without the electricity cost.
please explain how will the Difficulty effect my earnings and if it increase, how much would the 2 S4+ miners make make month.
I reworded my anwser a little bit I did not like how it came out at first. Price of BTC changes it aswell I was using current which is around 240 (I hope it goes up but it's not possible to predict price a few months or year out).
Difficulty will directly effect your mining. If difficulty goes up 2 percent that means you would make 98 percent of what you made during previous dificullty it stacks. With time it goes up, no one knows what rate will be for sure. They call it "speculation" on guessing difficulty.
Look here for a reference on difficulty - https://bitcoinwisdom.com/bitcoin/difficulty . It makes a guess at next change, but most importantly scroll to bottom it shows previous changes.
Quote from: notlist3d
Your electricity is ok. Its good no vat/tax as it can kill any chance of roi.
You would stand a chance. As Erik mentioned difficulty will effect it. I suggest doing some ROI math I personally like - https://bitcoinwisdom.com/bitcoin/calculator
Were talking 171 days to get money back if you have no difficulty change, and don't have electricity. With electricity and zero difficulty change you will take around 323 days to get money back.
So take that as broad anwser. Difficulty will change it alot.
Actually i don't understand the Difficulty very much but i'm using this calculator : https://alloscomp.com/bitcoin/calculator
which says that if i used 2x S4+ Miners ( 5140 GH ) with Exchange Rate of 243.68$ would make about $402.42 per month without the electricity cost.
please explain how will the Difficulty effect my earnings and if it increase, how much would the 2 S4+ miners make make month.
With $0.09/Kwh having 2 S4+ miners would earn about $200/month with electricity costs included.
And don't forget about difficulty increases
And don't forget about difficulty increases
i have people who can produce energy directly, it will save about 100$ according your calculations as i'm paying 50% of the official government price.
so the point is ..
dose it worth to start mining Bitcoin ?
The point is you need to decide that
. I provided a calculator that is a great tool. Plug in some numbers and see if with new electricity price what it is. Nobody can tell you what your your ROI in day's should be, it really is a personal decisions. It no longer is 90 day ROI.Cutting electricity in half would put you between the two day's i mentioned as a general reference if there was zero difficulty increase (which will not happen).
I currently am mining in summer, I can tell you it's a harder game then winter mining. But compared to GPU summer mining, asics make it a lot easier then it was.
With $0.09/Kwh having 2 S4+ miners would earn about $200/month with electricity costs included.
And don't forget about difficulty increases
And don't forget about difficulty increases
i have people who can produce energy directly, it will save about 100$ according your calculations as i'm paying 50% of the official government price.
so the point is ..
dose it worth to start mining Bitcoin ?
Electricity price = 0.07-0.09$ per KW.
We don't have vat/import tax.
2000$ for 2 S4+ Miners.
it's my mistake to type s4 insted of s4+
Hash Rate: 2570GH ±5% so 2570 * 2 = 5140 GH ±5.
based on my calculation if i'm right 5140 GH would earn me 400$ per month.
please advice.
We don't have vat/import tax.
2000$ for 2 S4+ Miners.
it's my mistake to type s4 insted of s4+
Hash Rate: 2570GH ±5% so 2570 * 2 = 5140 GH ±5.
based on my calculation if i'm right 5140 GH would earn me 400$ per month.
please advice.
Your electricity is ok. Its good no vat/tax as it can kill any chance of roi.
You would stand a chance. As Erik mentioned difficulty will effect it. I suggest doing some ROI math I personally like - https://bitcoinwisdom.com/bitcoin/calculator
Were talking 171 days to get money back if you have no difficulty change, and don't have electricity. With electricity and zero difficulty change you will take around 323 days to get money back.
So take that as broad anwser. Difficulty will change it alot.
With $0.09/Kwh having 2 S4+ miners would earn about $200/month with electricity costs included.
And don't forget about difficulty increases
And don't forget about difficulty increases
Electricity price = 0.07-0.09$ per KW.
We don't have vat/import tax.
2000$ for 2 S4+ Miners.
it's my mistake to type s4 insted of s4+
Hash Rate: 2570GH ±5% so 2570 * 2 = 5140 GH ±5.
based on my calculation if i'm right 5140 GH would earn me 400$ per month.
please advice.
We don't have vat/import tax.
2000$ for 2 S4+ Miners.
it's my mistake to type s4 insted of s4+
Hash Rate: 2570GH ±5% so 2570 * 2 = 5140 GH ±5.
based on my calculation if i'm right 5140 GH would earn me 400$ per month.
please advice.
What about a starting budget of $1000? $2500 is a little to much for me right now.
I want to mine with it. I know it hard.
I want to mine with it. I know it hard.
Hello ..
I'm new to Bitcoin mining and i'd like to be advised about what's the perfect start with Bitcoin mining .
- I'm thinking of buying 2 Devices of AntMiner s4 2TH/s with cost of 2000 USD.
please advise is't a good miners or there're a better miners to start with.
- Where i live i don't pay much for Electricity, so i don't really care too much about the Power and Electricity cost.
please tell if there's a cheaper miners than S4 even if it costs more Electricity.
- I have a Good place with very strong air conditioner and i can insulation the sound as well.
please advice if there's a good miners for cheap prices even if it makes much noise.
I'm going with 2500$ Budget to spend on the Miners and shipping fees to Egypt, so i'm thinking of if it works with Good profits such as 150$ per month for the 2TH/s miners i'll start hosting miners on my place and selling contracts.
Actually i'm in need of your Experience and advises in order to start my farm.
Thanks in advance,
I'm new to Bitcoin mining and i'd like to be advised about what's the perfect start with Bitcoin mining .
- I'm thinking of buying 2 Devices of AntMiner s4 2TH/s with cost of 2000 USD.
please advise is't a good miners or there're a better miners to start with.
- Where i live i don't pay much for Electricity, so i don't really care too much about the Power and Electricity cost.
please tell if there's a cheaper miners than S4 even if it costs more Electricity.
- I have a Good place with very strong air conditioner and i can insulation the sound as well.
please advice if there's a good miners for cheap prices even if it makes much noise.
I'm going with 2500$ Budget to spend on the Miners and shipping fees to Egypt, so i'm thinking of if it works with Good profits such as 150$ per month for the 2TH/s miners i'll start hosting miners on my place and selling contracts.
Actually i'm in need of your Experience and advises in order to start my farm.
Thanks in advance, What is your electricity price? And do you have a vat/import tax if so how much/
2 S4's for 2k seems high. Unless your talking about 2 s4+'s then it's more in line. But you will need 220/240 especially if going to have 2 hooked on same circuit.
Hello ..
I'm new to Bitcoin mining and i'd like to be advised about what's the perfect start with Bitcoin mining .
- I'm thinking of buying 2 Devices of AntMiner s4 2TH/s with cost of 2000 USD.
please advise is't a good miners or there're a better miners to start with.
- Where i live i don't pay much for Electricity, so i don't really care too much about the Power and Electricity cost.
please tell if there's a cheaper miners than S4 even if it costs more Electricity.
- I have a Good place with very strong air conditioner and i can insulation the sound as well.
please advice if there's a good miners for cheap prices even if it makes much noise.
I'm going with 2500$ Budget to spend on the Miners and shipping fees to Egypt, so i'm thinking of if it works with Good profits such as 150$ per month for the 2TH/s miners i'll start hosting miners on my place and selling contracts.
Actually i'm in need of your Experience and advises in order to start my farm.
Thanks in advance,
I'm new to Bitcoin mining and i'd like to be advised about what's the perfect start with Bitcoin mining .
- I'm thinking of buying 2 Devices of AntMiner s4 2TH/s with cost of 2000 USD.
please advise is't a good miners or there're a better miners to start with.
- Where i live i don't pay much for Electricity, so i don't really care too much about the Power and Electricity cost.
please tell if there's a cheaper miners than S4 even if it costs more Electricity.
- I have a Good place with very strong air conditioner and i can insulation the sound as well.
please advice if there's a good miners for cheap prices even if it makes much noise.
I'm going with 2500$ Budget to spend on the Miners and shipping fees to Egypt, so i'm thinking of if it works with Good profits such as 150$ per month for the 2TH/s miners i'll start hosting miners on my place and selling contracts.
Actually i'm in need of your Experience and advises in order to start my farm.
Thanks in advance, Jump to: