Bitcoin Forum

What are the best and cheapest bitcoin mining rig that can atleast produce 1 btc a month or more any estimate or cost also can you provide atleast where i can buy this rigs im planning to build small rig for project purposes. Please advice. Thank you

We would need to know a lot more information.  Such as your power price, which miner you choose so we know watts used, the cost of miners.

Without more information we cant help much.  You might take a look at bitcoinwisdom on their calculator.  If you cant figure it out post the answers to above and someone will be able to help.

Mining bitcoins depends on your hardware (asics) and luck. According to alloscomp (https://alloscomp.com/bitcoin/calculator), You would mine 1.0000 BTC with 3051.999 GH/s, with difficulty factor of 46717549644.7; That's an approximation, if the difficulty goes up you might need more hashing power, if it goes down you might earn more than 1 BTC.

Antminer S5 seems to be cheaper and a secure asic, unless you have nearly free electricity, you wont ROI (return of investment)

it's all depend on your electricity, with free electricity you can earn about 0.36 with the best miner on the market(antimer s5)

and this with free electricity...

i would suggest to join a campaign instead, you can actually do 1 btc month with it

Where and what kind of campaign im doing this for my project and for the price i will be investing for this project $600 only just for the project.
I do have a friend of mine who has a solar panel in his house and he is very willing to help me out with the electricity issues.


Where do you think i could find the cheapest hardware( asics) i have been looking on the internet im searching and looking locally im from Philippines and they offer expensive asic chips.

would like to know more about that, and if i am eligible

i can order it on amazon, you leave the amount needed in bitcoins to an escrow (you pay the fees).. the order will be reshipped to you. once you get your product (tracking will say of course), you release the escrow and leave a feedback on my account.. thank you to reply

The question is how long the shipping would it take? im from Philippines if within a week i am very willing to do so.

as long as you pay for fast reship. i have no problem in doing it. the order will be reshipped through a reputable company, so you cannot say i gave you fake item, or you did not get the item.
that way, you get your product and i get my bitcoins.

Can you give me link so i can check if i can afford it.

http://www.amazon.com/gp/offer-listing/B00OKKY1ZQ/ref=sr_1_4_olp?ie=UTF8&qid=1427818509&sr=8-4&keywords=antminer+s5&condition=new

you mean signature campaign?

you need first to rise your activity to senior member at least if you want to earn a serious income, otherwise there are also signature campaigns for newbies/jr member/ecc..., but you can't make 1 btc a month with those

I would agree.  You have to put in a LOT of time to raise your activity level.  It was not till Sr. Member I started to look into signature campaigns.  And it just gets better the higher your level.   1 BTC would be a lot to pull in from sig campaign in a month though.

I don't know anything about mining so would you please to tell me why is "luck" and what will decide "the difficulty" ?

Sincere thanks in advance !

i think with luck he mean, the price of bitcoin, if it rise quickly you can make roi faster, because the diff won't keep with it

the diff is decided by the amount of hashing power that is currently mining, the more hashing the more diff

It's up to your miner hash power

If you're in South UK you can have 6 Antminer S1 for free.  With PSUs

am willing to pay the shipping to Mauritius if you accept

No sorry.  There are no boxes any more and it's just not worth the time.  Eventually someone will come and just take them.

darn.. nevermind, thanks tho. if anyone willing to giveaway free miners. i would love to take them. since now i have only been reading about bitcoins and alt coins. i would like to try mine.. thank you

You won't find many free offers.  That takes a very nice person, we just don't have a lot of that here like one above.

Your best bet is buying a miner.  You could be that same S1 you were offered for not much.  Only thing is it's so old you will mine at a loss.

alright i want to start the mining.

i have $500 on amazon, anybody sharing a link i can get the best bet?

Can't get rid of the buggers though.  Looks like I'm the only one mining in my area (And I'm referring to a large area).

The bad thing i normally on amazon you will pay a premium.   Cheapest option is normally direct from company assuming it's a miner still being made.

If it's not being made then either forums on here or ebay tend to be best.

thanks a lot about that, really appreciate your help buddy

well from where i am, i am the only person to speak about bitcoins. the whole country is off bitcoins.. i am from Mauritius Island.
a dot on the worldmap.

Thank you all for your response! me and my friend will having a discussion about this thank you guys.

You could try to use amazon4u services and get 25% discount on amazon items. That might help you ROI https://bitcointalk.org/index.php?topic=949013.60

I have lived by the moto if it seems to good to be true it is.  I can't believe that service is still going.

Amazon gift cards bring pretty close to face value.   And I can't imagine 25 percent off no matter how gift cards, or volume of purchases you buy.  I would really like to know how he can give such a big discount.

I currently use an S4 and a C1 on nicehash and return is 0.96btc a month at current rate.... With difficulty going backwards on the next change it should stay this way for the next 6 weeks..

A single rig which can produce 1 BTC a month net? There s no such thing available. You would need to get a few S5 miners and have access to cheap power.

I would not say that. But you will be looking at bigger rigs.  Look at SP-35, it's a horse as far as power.

That could easily pull  1 BTC + a month.  Granted it really needs a solid line of 240 electricity.  But it brings 5.5 T of hashing power.

well it depend, if you roi'ed already or not, and you electricity bill too, without knowing those two thing, you can't be so sure about it

if you invest in a legit cloud, that offer reselling of your hashing power, it should be easy to reach such amount

Cloudmining is only porfitable for the aware lol if you know the company then go ahead but when it seems to good to be true it probably is :P

the problem with cloud is that there is no volume, so if you buy big amount(and you should if you want to make a serious return) then there is a chance that you could not resell it in the future

but besides this i find them better then buying physical miner, especially for those people that live in country with high electricity

You rather wait for the next wave in the price movement, and you can maybe buy a solid bitocoin if it dips into the double digits.

Which most are ranting about, but producing 1 btc a month is absurd for the standard person unless they have like a penta hash going on.

I would not say it's absurd.  Many that mine at home mine 1 BTC a month.  I think you are underestimating how many miners easily hit this mark.

what? for 1 btc a month in cloud you just need to purchase 3 tera, 5 btc investment, and your earning is 0.03 a day = 0.90 a month, you are there

with physical HW it is worse due to electricity but if you have a very cheap one you just need 1 tera more, to end in the same result

with the electricity its not possible to buy a solar generator and generate with them electricity?

Or a small wind turbine depending if your location favours one of these.  I just sold my home mining gear yesterday. It was 3.2TH and generated just under 1BTC per month.  Sold because it's just not worth it.

It's the setup cost that makes it so hard.  Could they do it, sure.  But cost compared to regular electricity just makes it not practical to do.

yeah because you basically pay in advance the cost of electricity of many years(if your is cheap), it's like gambling to be honest

and for this you won't see any profit for a long time, meanwhile btc can fall and you end with a great loss, not a smart move to do

in mining is better to diuite your costs, what i mean is that it's better to pay small amount but frequently, than investing big amount and don't pay nothing for months, the latter is better for trading i guess