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Title: How much money do I need to invest before I start making money? Post by: brendanjhwu on June 17, 2015, 12:25:10 AM I don't know anything about mining, just wondering how much money do I need to invest into miners to break even?
Title: Re: How much money do I need to invest before I start making money? Post by: n3rvi0zz0 on June 17, 2015, 12:31:06 AM all your life ;) ;) ;) ;) ;) ;) ;)
Title: Re: How much money do I need to invest before I start making money? Post by: Amph on June 17, 2015, 05:48:26 AM the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5...
initial cost/ total hash power ratio will always be the same Title: Re: How much money do I need to invest before I start making money? Post by: altcoinhosting on June 17, 2015, 06:03:13 AM the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5... initial cost/ total hash power ratio will always be the same Unless you can get a better deal by buying in bulk, or for example, buy a PSU that can power several antminers. You'll need to buy a PSU wether you have 1 or 3. (i guess this goes for all infrastructure costs: they'll become cheaper the more you invest... Cooling, power, storage, security) Also, if you set up a big farm and register as a company, you might get you power cheaper? I'm just a beginner myself, so i hope these assumptions are correct? Title: Re: How much money do I need to invest before I start making money? Post by: Amph on June 17, 2015, 08:55:17 AM the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5... initial cost/ total hash power ratio will always be the same Unless you can get a better deal by buying in bulk, or for example, buy a PSU that can power several antminers. You'll need to buy a PSU wether you have 1 or 3. (i guess this goes for all infrastructure costs: they'll become cheaper the more you invest... Cooling, power, storage, security) Also, if you set up a big farm and register as a company, you might get you power cheaper? I'm just a beginner myself, so i hope these assumptions are correct? yes i presume that if you really want to go big(but the risk is also higher) you can find some promotion, that will help you paying less, thus making roi less painful, but i don't expect the difference to be that huge the cost of your electricity depend on wwhere you live for the most part, registering undersomeone may help, but no so much, i know that china and washington offer a very cheap electricity, below 0.05 Title: Re: How much money do I need to invest before I start making money? Post by: Xialla on June 17, 2015, 09:19:46 AM I'm just a beginner myself, so i hope these assumptions are correct? you are right, anyway, it is very risky business to jump to mining game and I think, that you need some exclusive contracts and know the right guys. for random person "from street" is imho impossible to run profitable mining operations.. Title: Re: How much money do I need to invest before I start making money? Post by: Bananana on June 17, 2015, 03:59:54 PM I don't know anything about mining, just wondering how much money do I need to invest into miners to break even? Buying Bitcoin and making return is much much higher chances then buying miners to make a return. So :) Title: Re: How much money do I need to invest before I start making money? Post by: GreatNorthData on June 17, 2015, 08:17:24 PM the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5... initial cost/ total hash power ratio will always be the same As stated above, miners are cheaper in bulk. Hosting is also cheaper in bulk. Title: Re: How much money do I need to invest before I start making money? Post by: alh on June 17, 2015, 08:35:56 PM It's going to be critical to understand what your cost per Kilowatt hour is. If it's too high (say $0.15/KWh), then there is NO "economy of scale " that can fix that. Even free mining hardware can't help, if you are spending more in electricity than you are getting BTC.
Electricity cost is really just about your first question to answer. Title: Re: How much money do I need to invest before I start making money? Post by: phatkiller on June 17, 2015, 10:44:26 PM or move into public housing where the goverment pays your electric bill and load up as many miners as possible FREE MONEY!!!
Title: Re: How much money do I need to invest before I start making money? Post by: Valanor on June 17, 2015, 10:51:24 PM I don't know anything about mining, just wondering how much money do I need to invest into miners to break even? how much profit you want ? if you want to get consistenly 300$ /month you need minimum 5000 ghs you can calculate in here http://www.coinwarz.com/calculators/bitcoin-mining-calculator Title: Re: How much money do I need to invest before I start making money? Post by: hedgy73 on June 17, 2015, 11:05:24 PM It doesn't matter how much you invest it depends on your electricity cost because thats the major expense in running bitcoin miners. If you're paying cheap electricity and have efficient miners then go for it but if you're like 90% of the world then electricity costs and miner costs are more than you can earn. Do the maths and you can work out whether its profitable or not.
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