Bitcoin Forum

Hi,

    i am buying one ANTMINER S7 BATCH 8 , Speed:    4.73TH/S


The electricity cost in my country is 0.094 USD per KWH

and after 300 unit consumed the cost rise to 0.142396 USD per KWH

from 24 hours 18 hours of electricity will be used from govt electricity supply and rest 6 hours will be used from 2000 watt UPS.

so let me know how much btc i will be able to generate per day and per month?

regards

you can mine approx 0.03 per day. Number per month is not possible to calculate due to several diff changes.
You can use this calc and see for yourself https://alloscomp.com/bitcoin/calculator (https://alloscomp.com/bitcoin/calculator)

this isnt very ideal. 9.4c/kwh is relatively high, and 14.2c/kwh likely wont result in positive return-on-investment.

using a UPS decreases efficiency, and isnt really useful for bitcoin mining. a 2000w UPS (assuming its 2kWh) would only last ~1.5hrs with an S7 attached

Hi,
     which country electricity is ideal for bitcoin mining ?

regards

Mostly China. And areas that self-produce power. (Solar, wind, hydro, geothermal, etc.)
Places that have under 0.05USD per KWh are the ideal places to go.

china, iceland, and washington, they can get as low as 0.03, better to take a look at a legit cloud at this point, you will not have a better roi than them

Also need to know if your dong profit in BTC or Dollars.  For example batch 1's costed a lot more in BTC.   Now come batch ... the price is much much lower on BTC.

So actually buying now vs start is huge bonus on profit.  But difficulty is a tough cookie right now.   So going to really depend also on what difficulty does, I hope it goes down but it's been kinda high.

difficulty might go down?
ha?

if btc prices keep going down next diff may go down for bitmain s3 miners non profitable.

well unless you believe that miners would keep mining at loss under 100, of course the diff will be lower, but since any big farm out there have roughly the same electricity

i'm guessing who is going to leave the scene, surely not chinese....

I don't believe miners will be at same levels if it is mining at a loss.  I know myself I don't care to pay for my electricity bill and be losing money.   If I am losing ... then I would need to scale back.

I will always be mining with something.  But if it is at a loss most are not going to go big I don't think it's just not sustainable.   Also I think close to halving we will see some really low efficiency chips.  Probley a bit before having. So that is a factor aswell.

I don't think the difficulty will ever go down, maybe it might stall for a period or two. But even with the low BTC price and halving, most equipment is low power these days at low cost power centres.

A home miner shutting down an S3, doesn't make the difficulty decrease.