Bitcoin Forum

i wanna know: How Much Power to mine 1 Btc a day.
in hashing power.
Thank you

it depend, with asic, you need 70 s7 antminer, which is 1200w per 70 = 84kw/h

with gpu one rig of six gpu consuming 1kw earn you 0.05 so 20kw/h

Oh is that calculation for s7 correct? i calculated it will be only 182$ electric bill here for 84kw/h power for 24 hour so profit will be 420-182$ = 237 around.

If this is true i should try with one s7. :) 8)

yes 1 s7 is 0.014 btc daily with 1200w per hour, so you need 84kw per hour to sustain 70 of those

currently gpu are far better by a ratio of 4:1

It all comes down to the miner you're using and how efficient it is (and luck somewhat).

Assuming you have some of the top-tier miners, it can be nearly 90 or 100 kwh. Having multiple miners amplifies this number (as you should be able to guess).

At current difficulty?

Approximately 359880210000000 hash per second for the entire day.  That's 359.88 terahash per second for 86400 seconds.

That's a total of about 31093650000000000000 hashes (31.094 exahash) calculated per 1 BTC generated.

Take the number of hashes you are able to generate per second and divide 31093650000000000000 by that number of hashes.  The result is the approximate number of seconds it will take you to generate 1 BTC.

Take the number of seconds you want to spend generating 1 BTC and divide 31093650000000000000 by that number of seconds.  The result is the approximate hash rate (hashes per second) that you need to have if you want to generate bitcoins that fast.

That's gigantic. Is this even achievable outside of a mine farm?

Numberss.. Math lol haha. OP , it depends on your hardware that will be using, s7 will do the job if you have enough power/money to bring on first.

I am setting up a private Bitcoin miner with my few friends.

We are planning to setup a 180Ths power mining rig.
Can we make enough bitcoins in a month.

according to the caluclators you would earn 0.54 btc per month, minus electricity, it's all about electricity and initial investments

From here: http://www.amazon.com/Antminer-~4-73TH-25W-Bitcoin-Miner/dp/B014OGCP6W
It cost around 900$+ to setup a mining with one antminer s7 and we will earn 0.014BTC = around 6$ per day - 2$ for electricity bill = 4$ profit in a day so it will take more than 200 days to get our investment back which will be soon 400 days after halving.

Feels quite not-profitable.

what the fuck!!!!!
only 0.54 btc per month.

hardware cost is all alone 45,000$ worth!

Lol, we will end up i huge loss.

no bud bad math

4,73th = 0.014 btc per day before electricity

so 180th = 38 x S7 = 0.53btc PER DAY before electricity
15.96 per month of 30days

enjoy

We really need to see a electricity price but yes to mine 1 BTC in a day is a massive amount of gear at this point.  You have to think about it 1 BTC a day your talking about 6 figure amount of USD being mined.

I personally would be afraid in current market to throw down enough for 1 BTC a day.  And don't forget difficulty changes that will make a BIG change overtime.  1 BTC being mined will not be near the same in a few months.

Hmm.

Gotta work more time on research as i am not an expert.
I can only invest in term of capital.


Well, thank you all guyz.
Stay safe.

Best of luck honestly your looking at starting to big.  I would look at smaller investments.  Possibly buy a bitcoin or two and try holding.    It is a good way to start with not a ton of risk if you don't go crazy.

Mining takes a LOT more research on big scale, and no profit is guaranteed.  So is high risk high reward type of business. 

45k seems expensive, you cna find 1 s7 at $600, so this is almost 5 tera at $600, this mean that 180 tera will cost you $21600 and not 45k

45,000$ includes all the machine cost and maintenance plus other few charges.

still you payed almost 24k more just for maintanance and other random stuff that will not help you in the mining activity, you basically doubled your roi time, bad investment for me

Listen to the others, it is NOT a good investment especially with the upcoming halfing which i am sure will lower prices of current equipment + potential more efficient miners coming out soon

Its hard it depends so much on electricity price, also things that we cannot speculate well.  If bitcoin takes a decent jump up... might be a good bet.  If stays same or goes down... yes even worse.

So we can speculate all we want but I feel it really falls on electricity price currently, as S7 are pretty darn cheap.  And next gen I'm guessing will be quite a bit higher to buy.

That calculation seems pretty nice to me too, as electricity is not so expensive in my country either. Can I try 17 S7 miners for 0.25 BTC daily?

Add one more S7 in about 2 days to try and keep your rate at .25BTC/day. Add four S7's if you are running seventy to make one BTC/day.

not true anymore for gpu, now it's 0.036, instead the s7 as maintained its earning, but still the difference is huge in terms of electricity

you cna try what you want but you need cheap electricity, or that calculations is useless

nope! i only invested 2400$ in total.
Total project worth is 45000$ between 42 members.
Still thanks for your reviews. Cheers.

Don't forget the most important piece out of all of this: the reward drop. We've got about 3 months before we go from earning BTC25 per block down to BTC12.5. Whatever your calculated revenue comes out to be, plan your operations around cutting it in half.

Well Said  ;D 78 Days and then Bam...Rock On

Forget about mining, it's got out of home users hands.

Buying antminers alone costs a fortune and you don't know if you ll be able to sell them at a decent price in the future.

Companies got their electricity cheaper and you lost against them before you even start.

No thank you......

About 40 TeraHash will make 1 btc a day.

I am not seeing this at all. Is there a chance you missed a zero? Looks to me like 4TH (not 40) produces 0.01126 BTC/day. That suggests that 40TH would be much closer to .1 BTC/day.

I am just using bitcoinwisdom as my simple calculator for this. It also fits with experience with my 3.4TH Avalon 6. That doesn't get anywhere near .1 BTC/day.

I think the more accurate answer is about 400 TH.

It is much closer to the 400TH, it's around 365 TH to get 1.02745126.  And that does not include electricity cost... so to pay electricity 400+ is a pretty fair guess.   People have to remember value is around 461 currently so 365 a year is a little over 168K.

It's pretty unrealistic for most to mine a 6 figure income.   Just is a lot of initial investment, I'm sure there are some that do it.  But it will be few compared to overall amount of miners.