Bitcoin Forum

How much equipmwnt do i need to.produce 1btc monthly? How much would it take, solo ando in a mining pool. Don't add electricity bills in my country we pay like 0,25$ monthly so there's no such thing as that affecting the profits if there's a way to get 1btc monthly.

Thanks in advance!!

If you have got a good investment then you can go with lot of mining rig and you have to join the pool so that you can get the bitcoin block soon

I don't know much about mining, want to know the less expensive most effective rig to produce 1 BTC monthly, since each 10 min there's a block found and the block pays 12.5 btc how much rigs do I need to produce 1btc\month?

Calculated using https://alloscomp.com/bitcoin/calculator
you will need 35 TH/s mining power to mine 1BTC around per month without deducting any electricity cost. And currenly antminer s9 gives 14 TH/s so you may need three S9 to be able to mine 1BTC atleast per month.

So solo mining with 35 TH\s geta me 1BTC, and there's a difference with pool mining which one is profitable? I mean both obviously produce since there are no electrical fees, but if solo I can do 1btc at a pool with 35TH\s how much will be the winning? Or it only varie with pool hash rate and people who is working in the block? If that is the case which is a good pool to start in so I can get 1btc monthly.

Solo mining with 100th will get you squat, or likely squat, pool mining is what will get you 1btc roughly, per month with 3 of those machines.

Sure, but then difficulty goes up and suddenly your mining equipment is worthless as new and more powerful ASICs are made every day.

To generate approximately Ƀ1,- a month you need two (maybe three) Antminders S9 (http://www.ebay.com/sch/items/?_nkw=antminer+s9&_sacat=&_ex_kw=&_mPrRngCbx=1&_udlo=&_udhi=&_sop=12&_fpos=&_fspt=1&_sadis=&LH_CAds=&rmvSB=true) As a pool I recommend AntPool, but you can look here (https://bitcoinchain.com/pools) to see the most profitable pool.

In case it isn't obvious already, you should EXPECT difficulty to increase each month over the long term. Exactly how much is unknown. At the end of a year, you could easily be down to say .7 BTC/month.

You also need to ask yourself if you have the right environment (electricity, heat, noise tolerance) to operate the required equipment to mine 1 BTC/month.

Do some research onto the Bitcoin protocol, and how it behaves long term before deciding on what you are getting into. While 1 BTC/month sounds like a lot of money, it isn't easy or cheap to produce on a long term basis.

For get 1 BTC a month with S9 is not easy, many S9 users complained. I hope we must wise to mining with S9, not give promise plans, because of the Bitmain also there is no guarantee how much the resulting with mining with S9.

Yeah, the S9 has lots of problems with breaking and Bitmain doesn't have warranty on their units nowadays or a short one at most. You're taking a risk buying any miner right now if you have electricity even around 10 cents per kilowatt. For now I'd suggest you look at GPU mining, it's generally more profitable than BTC mining and GPUS can be resold for more than an ASIC.

  I bolded the truth.

You need to go with a gpu rig.  you are in an apartment  gpu rigs for mining zec coin  are quiet compared to the s9 miner


this is my gpu mining thread for alt coins

https://bitcointalk.org/index.php?board=160.0


read it.

You need a good hardware here to earn 1 bitcoin monthly from mining a good GPU is a must also expect for difulculty that you will incounter while mining at least 40 THs power in mining to get 1 bitcoin monthly but it will be expensive for sure.

To generate one bitcoin you need roughly 3.5 S9s at the current difficulty level. If you are located in China this requires an initial investment of RMB 11300x3 or 5721 USD. Find a cheap and reliable hoster if you can't do it at home.

which country you are living to get electricity for a monthly price of  0,25$.if you are having free electricity with three s9 you could mine about 1 bitcoin a month with the current difficulty level and with a daily mining of 0.03 ,made the calculation  evaluation with the current price . The price of s9 is around $2200 per machine

Seems the time of easy mining is gone. IMHO nowadays there are many much more profitable strategies to earn some btc.

Such as?

I would assume that reference is to some flavor of Altcoin that is then exchanged for Bitcoin. The Altcoin is presumably easier to mine, and the exchange good enough to be more profitable in terms of electricity and initial investment.

Right now Bitmain clearly holds "monopoly status" on efficient Bitcoin mining hardware. That situation is NOT true on most any other Altcoin today. GPU mining is open territory for the most part, and complete usable on the next Altcoin that may come along.

It always strikes as odd that this works. It feels kind like mining copper and then exchanging it for Gold since you don't trust the Copper market. I always wonder who is on the other side of the exchange. What person want to trade a BTC for ETH or some other coin?

wow its a big money to invest on hardware, without make a calculation with electricity cost, its still hard to get profit and still need long time before we can reach ROI. but if the OP have much of money, i think the OP can start to buy three or four of S9 and set it up and then start mining bitcoin.

Unless you spend a lot of money or horroble amount of time or having great luck there isn't any way to earn 1BTC/monthly.

Just to be picky, time doesn't figure into the ability to generate 1 BTC/month. Great electric rates, and luck do factor in.