still worth it to start mine bitcoins ?

Stedsm

legendary

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Quote from: MohamedSaied on October 22, 2017, 09:04:47 PM

hello , i want to buy 2 Avalon miner 741 , with total hash rate of 14.6 Th/s . will it worth to start mining now ? i'll but both for $2400

The power consumption per unit will be ~1150W which is still better than few already available in the market.
It depends on the electricity cost factor that's based per unit at your place because if it's too high, then it will prove to be worthless for you because the difficulty is increasing just the way the price is spiking. It should also be watercooled correctly in order to maintain the efficiency of your hardware to get the most out of it.

AmXProX

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Quote from: MohamedSaied on October 22, 2017, 09:04:47 PM

hello , i want to buy 2 Avalon miner 741 , with total hash rate of 14.6 Th/s . will it worth to start mining now ? i'll but both for $2400

I think Avalon miner 741 costs more when it come to electricity consumption over the number of hashes,
Why not get a Bitmain antminer instead since it is more energy efficient than this. And the profit on mining
is based on your energy efficiency since it is a fixed value and the number of blocks that you will solve varies
from time to time.

Hamphser

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Quote from: MohamedSaied on October 22, 2017, 09:04:47 PM

hello , i want to buy 2 Avalon miner 741 , with total hash rate of 14.6 Th/s . will it worth to start mining now ? i'll but both for $2400

If you did already buy those miners then theres no turning back as of now and no choice but to mine bitcoin since you do have already those miners.Profitability would really depend on some circumstances electricity,maintenance, location.These are the things to be considered first because you would able to compute your profits if you do deduct if from expenses but if you wont really bother for short term calculations then it should be fine if you do decide to keep those coins you mined for long term.If price of bitcoin did rise even more then it will surely pays you off.

xebecstyx

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Quote from: Steamtyme on October 23, 2017, 07:10:37 AM

Quote from: MohamedSaied on October 22, 2017, 09:04:47 PM

hello , i want to buy 2 Avalon miner 741 , with total hash rate of 14.6 Th/s . will it worth to start mining now ? i'll but both for $2400

You have to look at the whole picture. What are your electricity costs? Then go look at a profitability calculator and plug in the numbers. Myself it is profitable, I picked up the same setup you are talking about, and I plan to use them to supplement the heat in my home, because I live in a cold winter climate. This helps cutdown my ROI time, as I would have spent that money on electricity anyways via my furnace.

Agree with this one. If you would look at everything and see how much you would really have to use as capital to mine, and at the end of the day, only earn for break-even or worse lower that what you've invested in. Some people say that it's not worth it these days, since the coins you would harvest is not as much as it was available before. Not to mention the capital like electricity, a good specs computer, and a paid third party program for mining; if you would only use one PC, I don't think it can go a long way.

shinjunobi09

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We should mine while it last we may never until it stops due to the recently numerous miners out there that are making a stiff competition. Regardless that specification of yours is awesome at not very costly price.

alexbirru

newbie

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i think it still woth it to minning bitcoin, the most value crypto on earth, good luck

monkeydominicorobin

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Quote from: MohamedSaied on October 22, 2017, 09:04:47 PM

hello , i want to buy 2 Avalon miner 741 , with total hash rate of 14.6 Th/s . will it worth to start mining now ? i'll but both for $2400

You have a very good hardware. Yes it is worth it.

digaran

copper member

Activity: 1330

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🖤😏

Do not solo mine with 14.6 TH/s. Bitcoin mining is profitable for the next hundred years, you could get your money back if you hold what you mine. price jumped from $4000 to $6000 in 3 weeks, difficulty didn't increase 30%. 6-12 months from now, difficulty increases 80%. you will have less earning with the same 14.6 TH/s. mining technology is not going to change in 6-12 months to make buying 2 miners with 14.6 TH/s cheaper than $2400.

BitMaxz

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You calculate what will be profits if your hardware using online calculator you can try use this https://www.cryptocompare.com/mining/calculator/
and base in my calculation mining bitcoin still profitable and its still worth it to mine..
But there are lots of opportunity to mine altcoin and more profitable if you can buy bitmain L3+ this is more profitable base on my friend experienced mining litecoin. .

MohamedSaied

newbie

Activity: 14

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Quote from: Steamtyme on October 23, 2017, 07:10:37 AM

Quote from: MohamedSaied on October 22, 2017, 09:04:47 PM

hello , i want to buy 2 Avalon miner 741 , with total hash rate of 14.6 Th/s . will it worth to start mining now ? i'll but both for $2400

You have to look at the whole picture. What are your electricity costs? Then go look at a profitability calculator and plug in the numbers. Myself it is profitable, I picked up the same setup you are talking about, and I plan to use them to supplement the heat in my home, because I live in a cold winter climate. This helps cutdown my ROI time, as I would have spent that money on electricity anyways via my furnace.

the electricty here is cheap , like 0.05 per KW

ciprimw

jr. member

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i think btc mining is still profitable and it will be for long term... but for short period af time altcoins are more profitable.

xFiber

sr. member

Activity: 336

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The answer is simple, do the math. There are tons of bitcoin mining calculators out there that will give you a good estimate on what you will be earning given the hashrate you provided. You also have to look at the bigger picture and check on your electricity costs. I ran a quick calculation for you and given certain factors (pool fees, electricity costs, hardware costs etc.) you would be breaking even in, give or take, a year. You have to keep in mind that this was calculated with the current mining difficulty (1196792694098.79000000). It's possible that the difficulty will change over the next few months.

xIIImaL

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Quote from: MohamedSaied on October 22, 2017, 09:04:47 PM

hello , i want to buy 2 Avalon miner 741 , with total hash rate of 14.6 Th/s . will it worth to start mining now ? i'll but both for $2400

Obviously it is worth the start mining bitcoin bro. Choose the best network pool to connect and check the bat file whether you properly add the wallet address for receive the threshold value.
There are many mining calculator available in online dude. check the profit you can make using this miner, electricity cost and hash rate it can compose. Cryptocompare would be the good mining calculator check the profit.
https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12

leowonderful

legendary

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Bitcoin FTW!

What’s your electrical cost, location, are you ok with a machine that is a loud as a vacuum cleaner running 24/7, etc? The question you asked is very ambiguous and you can find the answers in here by reading a post or two. This question is posted almost daily.

BrickWall

newbie

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It's always going to be wise to mine Bitcoin until it's all gone. The difficulty adjusts to how many people are mining it and with what technology.

Steamtyme

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Quote from: MohamedSaied on October 22, 2017, 09:04:47 PM

hello , i want to buy 2 Avalon miner 741 , with total hash rate of 14.6 Th/s . will it worth to start mining now ? i'll but both for $2400

You have to look at the whole picture. What are your electricity costs? Then go look at a profitability calculator and plug in the numbers. Myself it is profitable, I picked up the same setup you are talking about, and I plan to use them to supplement the heat in my home, because I live in a cold winter climate. This helps cutdown my ROI time, as I would have spent that money on electricity anyways via my furnace.

ephraim_90

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Activity: 144

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Quote from: MohamedSaied on October 22, 2017, 09:04:47 PM

hello , i want to buy 2 Avalon miner 741 , with total hash rate of 14.6 Th/s . will it worth to start mining now ? i'll but both for $2400

for me dude, it is wise to mine altcoins, it is hard find blocks in Bitcoin and besides there are a lot of people mining it.

MohamedSaied

newbie

Activity: 14

Merit: 0

hello , i want to buy 2 Avalon miner 741 , with total hash rate of 14.6 Th/s . will it worth to start mining now ? i'll but both for $2400

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