Bitcoin Forum

hey
how much would you earn a month with a 700 mhs miner at the current course price?

I have a kwh price of $ 0.06



Specifications of the Ethereum Miner 700 MH/s

Closed case/chassis
Celeron G3930 Processor
Motherboard – Onda B250 D12P-D3
DDR3 4GB Memory
SSD – 60gb MSATA
2400w Power supply 170-240V AC/50-60Hz/12A
HiveOS/SMOS operating system
24x 6+2pin cables for gpu
4x120mm 4000rpm cooling fans
12x AMD RX 5700 (700mh/s at 1800w)

Well assume the following

700 x 7 = 49 usd worth of eth a day.

1800 watts is just about 45kwatts a day at 6 cents = 2.70

I am upping power to 3 usd a day

so 49-3 =46 usd a day.

I will give there guesses

25 x 30 = 750 usd-2usd = 748 if things drop

46 x 30 = 1380-2 = 1378 if it stays level

60 x 30 = 1800-2 = 1798 if we move up


yes it could go lower than 748 or higher than 1798 but my guess is 748-1798

You have to understand current number of 1378 is too good. but it can go up before it drops.

748 is closer to what it kind of should do but it could be worse.

Is it worth investing 6300 euros for the miner?
Wanted to order 3 pieces

And what you mean with  > 700 x 7 = 49 usd worth of eth a day.

For what is the 7?

Thanks!

viabtc pays about 7 us cent a mh  today up from as low as 3 cents back in october.

so 7 x 700 = 49 usd.

note always understand I use fuzzy estimates

I tend to underestimate profit.

So 6300 euros = 7733 usd.

so 7733/748 = 10.3 months to owning it free and clear. if my low estimate is good.

maybe 4-5 months if my  high estimate is good.

The cards will always have value. so 12 x 100 = 1200 at worst.

I would say a lot depends on the seller of the gear how fast you get the gear.

   How much can you afford to lose. if a big crash happens ?
 The worst case with a monster super crash is the machine earns under 200 a month .

Say 1 good month of earnings 1000 then 500 then 200 = 1700 no where close to what you paid.

But it could keep making the 200 and in 2-3 years you did okay.

Can you afford to lose tie up 19,000 euros and wait 2-3 years for a small return.

This is a guess for all of us.  does the hot streak go for 6 months from today?

does it got for 1 month from today?

do we whale and 3x what we are doing today?

thanks first of all.
i will risk it. I will put the bitcoin money that i won into mining hardware.
It would be a shame not to mine at the electricity price :)

I posted this tpoic very long time ago :) when mining was extremely profitable ( for some ) , and newbies bought vga cards 2x 3x over they MRSP .
Its still a very good reading for everyone who think jumping into mining now ...
https://bitcointalk.org/index.php?topic=2208927 (https://bitcointalk.org/index.php?topic=2208927)

I've already made up my mind and ordered 2 of this ricks. of course it's my decision and my risk, but that's why a forum like this is there to exchange ideas and ask for advice. :)

will invest about 50-100k $ in ethereum mining and build a small farm of 10,000 mhs. I'll post pictures soon and keep you updated.

step by step :)

thank you anyway

Right now profits area abnormally high, I wouldn't make any projections using today's mining profits.  Why not gpu's, if things become unprofitable you have hardware to sell.  The ASICs becomes a door stopper.  If profits remain this high for long a lot of hash will be added to the network reducing profits.  I've mined from 2016 to now and around the high in 2017 I was making $400 a day in 2017 I was making $30 a day in 2019.  My gtx 1070 gpus i bought in 2017 for $340 are selling on ebay for $250 and the ASICs I bought in 2017-2018 are worth nothing. 

Well I am 63 so balls of steel start to turn into balls with some rust. ;D

If I were 35 I would be pushing as much as I can.

I have 2 locations with good power.  And I could run 100 gpu rigs  that pull 1000 watts each.

I am coordinating this as best I can.

I would like a ton of this card.

https://www.evga.com/products/product.aspx?pn=08G-P5-3665-KR


using this psu

https://www.bestbuy.com/site/seasonic-focus-gx-850-850w-80-gold-psu-full-modular-fan-control-in-fanless-silent-cooling-mode-10-yr-warranty-black/6414265.p?


with this mobo

https://www.newegg.com/p/1JW-00FB-00001?item=9SIAMY5BGE1624


and this ram

https://www.ebay.com/itm/8GB-For-Samsung-2X-4GB-DDR3L-1600Mhz-2RX8-PC3L-12800-204Pin-SODIMM-Laptop-Memory/153979561562?


the psu I can get for  140
the mobo I can get for 70
the ram  I can get for  13

223-225 mount on a wooden board with screws +  spacers. about 230 total no cards

the  rig will do  175-180 mh run cool.

but I need the get the cards. I have nine mobos that will be ready for card end of the month. Still trying to source the cards.

the nice thing is my cost is 9 x 230 = 2070 or 2100 With cards.  room for 27 cards with zero space issues.

So don't think you are wrong to go for it.  as you will be mining faster then I will.

I have 4 weaker cards coming.  I can squeeze them on one of the nice rigs I have ready.

 So say jan25  
1x 150 mh rig
will be added.

he is getting amd 5700 cards

I will invest a part that I made through Bitcoin (money where I don't need it) my feeling says I should try and that it will work. Let's see maybe it will be a huge farm in time :)

I am currently in contact with a manufacturer and they are calculating an offer for 100k €.

I have now ordered the 2 ricks for testing first, will bring 1400 mhs.

I also think that ethereum can go up to $ 2000-3000 over the next 2 years - my feelings have rarely disappointed me 😂

I'm considering whether to start with a mining container - or rather rent a hall.

can someone help me with this? anyone experience with mining containers?

also a huge advantage, in macedonia the workforce is much cheaper than in europe. I will definitely attach great importance to security: this means the farm should be guarded 24/7.

I'm stupid, I assumed this was the new 700mh ASIC miner.

3060 TIs would be a better choice, I have 7 and they run flawless.  I have about 50 5700s and they can be a pain, some are great others crash the rigs and it gets worse in the summer heat.

https://videocardz.com/newz/lenovo-confirms-geforce-rtx-3050-ti-6gb-rtx-3050-4gb-and-rtx-3060-12gb
RTX 3060 12gb and RTX 3050 Ti 6gb are arguably the most popular video cards.
We are waiting for the announcement on January 12

Look I have

amd 5500
amd 5600
amd 5700


nivida 1080ti.  last of my older cards.

nivida 3060ti
nvidia 3080


I take what I can get  for a decent price.

I really like my 3060ti and my 3080 cards the most.

I have all the cards pretty stable

former asic miner here...over last few yrs had so many asic RMA's and non recoverable gears.  since shifting to GPU mining its been a pleasure, purely from a hardware build pov and having longer guarantees. less elec/less noise/better 2nd hand after sale
so yeah, from my perspective would rather invest $ in GPU cards over any asic unit built in china...no matter how good it may appear

That's what I thought too.

if you break an asic (sometimes only a 6th month guarantee) you have to send it back to china at your own expense and pay for the return postage, possibly even additional tax.

Should a graphics card break with a 24-month guarantee, rick will then only run on 11 graphics cards instead of 12.

and you can sell the graphics cards to gamers later.

I'll keep you up to date, I'm currently still negotiating with the company that assemble the ricks.

This is not a bad plan however you do know how mining works and what is difficulty correct? By difficulty I don't mean "something being hard" but its the amount of ETH you will get based on the total hash power out there.

So since you are mining there are 2 hurdles that affect your profit. One is the amount of ETH you mine per 1000mhs and the other is the price of ETH that you can sell for USD.

If there are more and more GPUs going online, difficulty goes up and you make less ETH. If there are less GPUs going offline, difficulty goes down and you make more ETH. This is very rare unless there is a bear market.

Just want to make sure you understand this because when I started mining years ago, I had no idea what difficulty was. Just kept looking at the price of LTC to determine my profits.

hey
Of course, the difukkult is important, but as long as the eth price rises it is okay, even if there is more going on in the network.

I plan to get the investment out in 8-10 months.


have now paid 2 ricks, should arrive from ireland in macedonia in 1-2 weeks.

After that I will make the big orders. I wanted to test the hardware from the supplier first, if the rick reaches 700 mhs I will order another 10-15 pieces.

can someone tell me something about container mining? or would you rather rent a hall?

I think you must test-drive your 1-2 rigs that will arrive, and decide bit later do you really need all other rigs, also you need to see can you maintain rigs, there are many underwater stones in overclocking/undervolting, power delivery, thermals, cleaning etc. if this rigs will be produce zero problems to you, then go on for more  ;)

This really true and good advice here.

I have 2 technicians who will take care of all the technology.

I know that you have to pay attention to a lot of things and I will plan everything carefully and take it slowly.

i will let the first rigs run for 2 weeks, write down electricity consumption and income every day.

according to the experience I had in the last months with a hashrate very close to 700 mhs I have been getting a very consistent yield around 1.40 ETH per month.

$ 0.06 per kwh would be a dream for me.

Thanks for the support.

It's money that I've made with bitcoin, I don't take any risks of my own.
Instead of investing it in bitcoin again, I'll buy hardware and build something long-term. The 2 ricks arrive around the end of the month, the provider has bottlenecks with the graphics cards. I am currently looking for a hall that I can rent, the infrastructure i.e. electricity, filters and shelves will follow shortly. I will write if there is some new update :)

yes the electricity is really cheap in north macedonia, unfortunately it is an undiscovered country. There is a lot of potential in it

How long do you wait to get the gear?

by the end of january they should be there.

Show photos I would love to see  the build.

Good luck.

Hi guys
there is news and the good :)

i have found a small hall. Rent is 120 euros a month.

I also found 8 used rigs with 390 mhs each. Here are some pictures:

https://postimg.cc/gallery/wv7CHwp



That means I have 1400 mhs + 8x 390 mhs = 4500 mhs approximately.

in about 1 week we'll get the hall then I'll post the first pictures too :)

good luck would love to see them.

so I'll get in touch again

tomorrow power line will be installed.
More pictures will follow tomorrow, I am currently in the process of getting new hardware (graphics cards) just not quite simply nobody has anything in stock.

https://ibb.co/7yT2vNP


all in all, my goal this year is to reach 8000 mhs by march / april.

Next week 128 arrive from the ASUS Radeon RX 580 Dual 8GB.

Around 150 graphics cards from the 5700 models have also been ordered.

More pictures will follow when the time comes. See you

https://ibb.co/wp4f8Pk

https://ibb.co/WpYjY77

HERE (https://bitcointalk.org/index.php?topic=5318348.0) is your answer  ;D  ;)