Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: AlexMercer007 on October 16, 2015, 01:07:37 PM



Title: Setting up a btc mining rig
Post by: AlexMercer007 on October 16, 2015, 01:07:37 PM
I'm thought setting up a new mining rig. Is btc mining worth it now? If so what components should I buy to make at least 0.8 btc a month...


Title: Re: Setting up a btc mining rig
Post by: marvykkio on October 16, 2015, 02:08:26 PM
1 do with S7 1.4 btc month


Title: Re: Setting up a btc mining rig
Post by: iram66680 on October 16, 2015, 02:18:22 PM
GPU and CPU mining is out of the game right now and you could not possibly gain any profit using that. Leaving us with ASICs. Most ASIC are inefficient with electricity costs over 0.1USD and it would still have risk due to the volatility of Bitcoin. Ant miner S7 is one of the most efficient ASICs in the market but the hardware prices are too high.


Title: Re: Setting up a btc mining rig
Post by: AlexMercer007 on October 16, 2015, 02:24:05 PM
Don't care about the electric bill.  ;)


Title: Re: Setting up a btc mining rig
Post by: Finksy on October 16, 2015, 04:49:57 PM
Then buy miners with the lowest $/GH you can find, without maxing out your available power.  I would go with either S3 or S5's. Make sure you are buying miners with your own money at risk, and not borrowing to buy these miners, as your negative trust would have us believe.

At current difficulty levels, you would require 3.22 TH/s to have BTC0.8 per month in revenue before power or hosting costs.


Title: Re: Setting up a btc mining rig
Post by: Amph on October 17, 2015, 07:01:35 AM
1 do with S7 1.4 btc month

shouldn't be 1.2 at max minus fee? the calculator say so, did you oc it? if yes how much is your consumption?


Title: Re: Setting up a btc mining rig
Post by: iram66680 on October 17, 2015, 12:29:39 PM
Don't care about the electric bill.  ;)
If electrical bills are not a concern, it would be ideal for you to get miners with high GH density or less $/GH. Ideally, find a second hand ASIC seller that has a good trading history in the computer hardware section and you would have a low $/GH. They are more prone to failures though so do ask the seller to guarantee that it is working within specifications.