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Title: Newbie question Post by: Alofer on December 26, 2017, 01:52:25 AM If
Title: Re: Newbie question Post by: VRobb on December 26, 2017, 02:21:40 AM What's an antminer a9? ???
Title: Re: Newbie question Post by: Alofer on December 26, 2017, 02:24:18 AM What's an antminer a9? ??? I am so sorry, I mean antminer S9, I will try to fix it in original thread. Title: Re: Newbie question Post by: xhomerx10 on December 26, 2017, 02:37:58 AM If Who told you an S9 could generate 0.3 Bitcoins per month? They lied. You'd be lucky to see 0.06 per month and you'd have a utility bill of ~$100 (if $0.10/kWh for electricity). That's providing the difficulty stays were it is for a couple of adjustment periods... which doesn't happen very often. Title: Re: Newbie question Post by: Alofer on December 26, 2017, 02:58:14 AM If Who told you an S9 could generate 0.3 Bitcoins per month? They lied. You'd be lucky to see 0.06 per month and you'd have a utility bill of ~$100 (if $0.10/kWh for electricity). That's providing the difficulty stays were it is for a couple of adjustment periods... which doesn't happen very often. Thank you for your clarification I saw it several places, some articles in internet and even a video talking about best hardware allows you to make about 3000 us$ per month, but electricity bill will be about 3000 us$ too... so, the information on the net is so weird In this article for example: https://www.buybitcoinworldwide.com/mining/hardware/antminer-s9/ Author says: Quote According to the above inputs, the S9 will produce** 0.285 BTC / $159 per month** and 3.36 BTC / $1939 per year. But 0.285 BTC is much more than 159us$... this motivates me to ask here Title: Re: Newbie question Post by: frodocooper on December 26, 2017, 03:07:02 AM I saw it several places, some articles in internet and even a video talking about best hardware allows you to make about 3000 us$ per month, but electricity bill will be about 3000 us$ too... so, the information on the net is so weird In this article for example: https://www.buybitcoinworldwide.com/mining/hardware/antminer-s9/ Author says: Quote According to the above inputs, the S9 will produce** 0.285 BTC / $159 per month** and 3.36 BTC / $1939 per year. But 0.285 BTC is much more than 159us$... this motivates me to ask here That article was last updated on June 27, 2017, when one bitcoin was worth $2,396.78, according to BitcoinAverage. And that section describing the S9's projected earnings was most probably written way before June 27, back when one bitcoin was worth approximately $557.89 ($159 ÷ 0.285 BTC = $557.89). Title: Re: Newbie question Post by: Alofer on December 26, 2017, 10:04:20 AM Thank you for your clarification Frodocooper, I will try to keep learning about this fascinating issue.
Best regards Title: Re: Newbie question Post by: keyzersoze on December 26, 2017, 10:22:10 PM Find a good mining profitability calculator that lets you input all variables. And do your own calculations.
Never trust a mining add. This one works. https://bitcoinwisdom.com/bitcoin/calculator Title: Re: Newbie question Post by: Stedsm on December 28, 2017, 02:37:21 PM I saw it several places, some articles in internet and even a video talking about best hardware allows you to make about 3000 us$ per month, but electricity bill will be about 3000 us$ too... so, the information on the net is so weird In this article for example: https://www.buybitcoinworldwide.com/mining/hardware/antminer-s9/ Author says: Quote According to the above inputs, the S9 will produce** 0.285 BTC / $159 per month** and 3.36 BTC / $1939 per year. But 0.285 BTC is much more than 159us$... this motivates me to ask here That article was last updated on June 27, 2017, when one bitcoin was worth $2,396.78, according to BitcoinAverage. And that section describing the S9's projected earnings was most probably written way before June 27, back when one bitcoin was worth approximately $557.89 ($159 ÷ 0.285 BTC = $557.89). Never forget about the difficulty part too that holds the lead role in terms of "possible" earnings from an S9. https://www.nicehash.com/profitability-calculator <- This looks to be one of the most genuine sites to give a possibly accurate estimation of what could be earned. An average of BTC0.002 - 0.003 can be earned according to current difficulty rates and the higher the difficulty adjustments be, the lower the earnings will drop. Title: Re: Newbie question Post by: alh on December 28, 2017, 11:57:52 PM Find a good mining profitability calculator that lets you input all variables. And do your own calculations. Never trust a mining add. This one works. https://bitcoinwisdom.com/bitcoin/calculator I used to like that calculator as well. Just make sure to enter ALL the values, since it stopped filling in useful values for difficulty and BTC price back in August. I think the underlying calculations are correct as long as you don't accept any of the default values |