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Title: Im new and need some guidance please im from the UK Post by: Twisted118 on February 12, 2016, 01:24:22 PM Hi im looking to setup my own mining rig i have around £450 to get started im wondering if there is any websites or recommendations people could suggest to me
Appreciate any help Title: Re: Im new and need some guidance please im from the UK Post by: Mickeyb on February 12, 2016, 01:33:26 PM The board you're looking for: https://bitcointalk.org/index.php?board=81.0 . This one too should be moved in a few mins, either you can view the threads in the board I specified or you can wait for a moderator to move your thread and then for the 'experts' to answer.
Title: Re: Im new and need some guidance please im from the UK Post by: Jet Cash on February 12, 2016, 01:35:50 PM If you are thinking of mining Bitcoin, you may find the electricity costs too high over here.
Title: Re: Im new and need some guidance please im from the UK Post by: SFR10 on February 12, 2016, 04:36:22 PM I would advise to go for either S5 (two of them) or SP20 (If you get lucky, you might squeeze two as well). I'm assuming you also don't have any PSU yet so would advise to go with the first option so you would have enough funds to buy PSU as well.
Antminer S5: http://www.amazon.com/AntMiner-S5-~1155Gh-0-51W-Bitcoin/dp/B00RCTIY4G/ref=pd_sim_147_1?ie=UTF8&dpID=41J-1vxyo%2BL&dpSrc=sims&preST=_AC_UL160_SR160%2C160_&refRID=09WYRYRP9NM157KH9014 Spondoolies-Tech SP20: http://www.amazon.com/gp/product/B00RC288E4?creativeASIN=B00RC288E4&linkCode=w01&linkId=VTREAFWEM3XWX2UH&ref_=as_sl_pc_ss_til&tag=weusecoins-20 For the PSU maybe go with the following: EVGA 1300 G2 : http://www.amazon.com/EVGA-SuperNOVA-Crossfire-Warranty-120-G2-1300-XR/dp/B00COIZTZM/ref=sr_1_1?s=pc&ie=UTF8&qid=1455294846&sr=1-1&keywords=EVGA+1300+G2 Title: Re: Im new and need some guidance please im from the UK Post by: RichBC on February 13, 2016, 10:04:25 PM If you are in the UK then at best your electricity cost will be 10 Pence /KWh more likely 15 pence? You will be loosing money on any of the Miners in the post above, and loosing even more as the Difficulty continues to rise. S7 would make a small amount of money for a couple of Months but then it will be loosing, also expensive.
So bottom line is it's a not starter at this point in time. :( Rich Title: Re: Im new and need some guidance please im from the UK Post by: philipma1957 on February 14, 2016, 02:10:44 AM If you are in the UK then at best your electricity cost will be 10 Pence /KWh more likely 15 pence? You will be loosing money on any of the Miners in the post above, and loosing even more as the Difficulty continues to rise. S7 would make a small amount of money for a couple of Months but then it will be loosing, also expensive. So bottom line is it's a not starter at this point in time. :( Rich well he may have a strange power setup So I will ask what does power cost you? I am USA based and I get 9.7 usa cents per kwatt for the winter. But I have a few free power deals and lost cost power deals So I can run 20th using around 5200 watts but pay for only 3800 watts at the 9.7 cents. And I am struggling to turn profit but I am turning profit. Title: Re: Im new and need some guidance please im from the UK Post by: BitcoinNewsMagazine on February 14, 2016, 02:20:48 AM Hi im looking to setup my own mining rig i have around £450 to get started im wondering if there is any websites or recommendations people could suggest to me Appreciate any help Need to know what your power costs per kWh but your electric cost is probably too high to have a chance of making a profit mining at home. And mining is becoming less and less profitable as difficulty increases. The smart move is to just buy bitcoin and hold, think of it as part of your retirement plan. |