What is the cost of opening the small mining farm?

bustabitsboy

member

Activity: 318

Merit: 10

Quote from: Tomintx on July 22, 2017, 10:17:18 PM

Time to do a little math.

All this assumes that you can install hardware today.

Network Thash/s Today   6,357,467
Blocks per Hour Today   6.94
Bitcoins per Block   12.5
Bitcoin Value Estimate   2824
Calculated Information as of TODAY
rewards / day   166.56
BTC Reward/Ghash/S/Day   3.27489E-07

If you can install 110 TH/s, you'll earn:

BTC Reward/Day   0.035015116
Estimated Earning/Day USD   98.88268718

That's 8 Antminers, which would consume 12,000 watts. You'll burn 12KWh per hour. 288 per day. 8640 KWh per month.

If you have to wait until September, you'll need somewhere between 10 and 14 of them.

Note that none of this math accounts for cooling. 12,000 watts makes a lot of heat.

Good luck with your empty house.

10 s9's will net you about 130ths at nearly 11 thousand usd, thats just for the machines. the issue with cooling could be off set if you live near the empty house and vent the air to heat your own house. otherwise you'll need some industrial grade fans. just off the top of my head id say you would need to invest at least 20k usd for everything. if i was you i would go for it, provided you do the maths with exact figures

Tomintx

member

Activity: 69

Merit: 10

Time to do a little math.

All this assumes that you can install hardware today.

Network Thash/s Today   6,357,467
Blocks per Hour Today   6.94
Bitcoins per Block   12.5
Bitcoin Value Estimate   2824
Calculated Information as of TODAY
rewards / day   166.56
BTC Reward/Ghash/S/Day   3.27489E-07

If you can install 110 TH/s, you'll earn:

BTC Reward/Day   0.035015116
Estimated Earning/Day USD   98.88268718

That's 8 Antminers, which would consume 12,000 watts. You'll burn 12KWh per hour. 288 per day. 8640 KWh per month.

If you have to wait until September, you'll need somewhere between 10 and 14 of them.

Note that none of this math accounts for cooling. 12,000 watts makes a lot of heat.

Good luck with your empty house.

coolcoinz

legendary

Activity: 2814

Merit: 1192

If you have an empty village house, you first need to check if the wiring can support mining equipment. Many old homes are connected via overhead cables that if you're unlucky can catch a lightning, so you need to have arresters mounted before you connect any expensive miners. How secure is the location? The neighbors like to have sticky fingers when they know you're not around and there's some electronics inside.

cryptoraja

newbie

Activity: 32

Merit: 0

Try mining litecoin or any other scrypt algo with a BITMAIN ANTMINER L3+
That would be ideal for your situation.

dommech

newbie

Activity: 32

Merit: 0

use this page to calculate your GH/s then check ebay for antminers for example.

https://www.coinwarz.com/cryptocurrency

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

Depends how much electricity costs per kilowatt (watch out for weird power delivery fees and such), facility, and cooling as well as wiring. Cooling should not be a huge issue as you live in Ukraine but you will want a covered building sealed from the outside as humidity and possible rainwater is damaging to ASICs. You can also choose to GPU mine but with the recent Ethereum price drop and general Crypto price drop, you may want to consider BTC mining.

fusion0389

sr. member

Activity: 324

Merit: 250

Quote from: ivanpoldark on July 17, 2017, 07:24:45 AM

I live in Ukraine and have an empty village house, where no one lives at the moment, connected to electricity. If i want to have a gain 100$ per day in BTC, what equipment i should buy, from what manufacturer, in what quantity. What currency is most profitable for mining today? Also, i must have technician skills and be on duty there every day, to make some small repairs, if it necessary? I understand this is a newbie questions, but i would like you to answer them. Thanks.

What is the cost of electricity per kwh?

ivanpoldark

sr. member

Activity: 700

Merit: 250

I live in Ukraine and have an empty village house, where no one lives at the moment, connected to electricity. If i want to have a gain 100$ per day in BTC, what equipment i should buy, from what manufacturer, in what quantity. What currency is most profitable for mining today? Also, i must have technician skills and be on duty there every day, to make some small repairs, if it necessary? I understand this is a newbie questions, but i would like you to answer them. Thanks.

Topic: What is the cost of opening the small mining farm? (Read 1048 times)