Title: want to mine 1 btc in a month by mining Post by: bit-emperor on April 11, 2017, 01:22:41 PM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month.
my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you Title: Re: want to mine 1 btc in a month by mining Post by: tobi4255 on April 11, 2017, 01:32:08 PM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you I wish i could be of more help here, but I never really got into mining either. However, if it helps I can tell you that to mine 1 BTC/month, you will need a quite large initial capital to buy hardware for. I also imagine it requires a designated location, since you would need more power than i think most people can endure living with in their private home. The latter is not true for cloud mining, of course. :) I wish you good luck in your mining endeavors Sir. Title: Re: want to mine 1 btc in a month by mining Post by: znggurj on April 11, 2017, 01:46:20 PM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little ;) Title: Re: want to mine 1 btc in a month by mining Post by: ClaraLuV on April 11, 2017, 02:02:00 PM Is it even profitable to purchase mining hardware and start mining in the current stage of things and with the current difficulty level is it even possible to get any profit even with a year of return ,i really doubt that and i would rather purchase bitcoin than investing in the hardware .
Title: Re: want to mine 1 btc in a month by mining Post by: bit-emperor on April 12, 2017, 01:17:39 AM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you I wish i could be of more help here, but I never really got into mining either. However, if it helps I can tell you that to mine 1 BTC/month, you will need a quite large initial capital to buy hardware for. I also imagine it requires a designated location, since you would need more power than i think most people can endure living with in their private home. The latter is not true for cloud mining, of course. :) I wish you good luck in your mining endeavors Sir. Title: Re: want to mine 1 btc in a month by mining Post by: bit-emperor on April 12, 2017, 01:22:19 AM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little ;) Title: Re: want to mine 1 btc in a month by mining Post by: leowonderful on April 12, 2017, 11:56:22 AM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little ;) Title: Re: want to mine 1 btc in a month by mining Post by: Amph on April 13, 2017, 08:10:26 AM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little ;) you need to look at the roi time, with the current value of bitcoin, investing 10k is not that bad, because you are looking for 10 months, roi which is standard in crypto if you factor that bitcoin can go to 2k this year it look even better, but thee diff will increase long before that making the possible increase of the value kinda pointless if you can afford those antminer, a good strategy would be to mine until 66% of roi and then sell the asic, they should retain a good price in 6-7 months Title: Re: want to mine 1 btc in a month by mining Post by: DarkStar_ on April 14, 2017, 09:17:34 PM You don't need so much if you want to mine other crypto and trade it to BTC, which many people already do so here. A cheap CPU with a LGA 1150 mobo and 2-4 gigs of ram as well as a few RX 470s costs less than a S9 and it makes you more money. It's largely the reason why there's much less mining discussion about bitcoin these days. I would say Bitcoin is way more stable and less volatile than other altcoins. Some altcoins like Monero dropped quite a bit in value a while ago, and if you were waiting a bit and maybe only selling every week, you might have lost a large amount of BTC after converting. ASICs also have fairly good resale price, not sure about CPUs. Hi guys To solve all your mining problem, I just discover a good faucet bot in cloud, you can get 1 BTC every week and you can start Collects 0.0005 BTC every 20 minutes with only 0,03 BTC. this is the url <scam URL> go to the site and register for free and the buy some dedicated IP, start earning. Good luck. Nice try, but it isn't a mining thing and obviously a ponzi/scam that I highly doubt will pay out anyone, or force you to deposit a large amount before letting you "withdraw". Title: Re: want to mine 1 btc in a month by mining Post by: bit-emperor on April 16, 2017, 12:33:01 AM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little ;) Title: Re: want to mine 1 btc in a month by mining Post by: bit-emperor on April 16, 2017, 12:43:09 AM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little ;) you need to look at the roi time, with the current value of bitcoin, investing 10k is not that bad, because you are looking for 10 months, roi which is standard in crypto if you factor that bitcoin can go to 2k this year it look even better, but thee diff will increase long before that making the possible increase of the value kinda pointless if you can afford those antminer, a good strategy would be to mine until 66% of roi and then sell the asic, they should retain a good price in 6-7 months Title: Re: want to mine 1 btc in a month by mining Post by: HagssFIN on April 16, 2017, 12:49:53 AM Not everyday till the end of time. Learn more about Bitcoin and Bitcoin difficulty.
Title: Re: want to mine 1 btc in a month by mining Post by: cpfreeplz on April 16, 2017, 12:57:57 AM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little ;) you need to look at the roi time, with the current value of bitcoin, investing 10k is not that bad, because you are looking for 10 months, roi which is standard in crypto if you factor that bitcoin can go to 2k this year it look even better, but thee diff will increase long before that making the possible increase of the value kinda pointless if you can afford those antminer, a good strategy would be to mine until 66% of roi and then sell the asic, they should retain a good price in 6-7 months There is no accurate answer because the amount will be different everyday based on difficulty, what pool you're in etc. I mean honestly if you're in a smaller pool there could be days that nothing is mined by any of you within the pool. Title: Re: want to mine 1 btc in a month by mining Post by: Amph on April 16, 2017, 07:24:17 AM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little ;) you need to look at the roi time, with the current value of bitcoin, investing 10k is not that bad, because you are looking for 10 months, roi which is standard in crypto if you factor that bitcoin can go to 2k this year it look even better, but thee diff will increase long before that making the possible increase of the value kinda pointless if you can afford those antminer, a good strategy would be to mine until 66% of roi and then sell the asic, they should retain a good price in 6-7 months no it will not produce forever that amount, this is the problem, or mining bitcoin would have been much better, there is something called difficulty, and increase, because of competition between miners, they apparently love to steal each other some bitcoin difficulty now increase 10-20% on average per month, in fact last time i checked the earning for a s9 was 0.008xx now is 20% less or around that Title: Re: want to mine 1 btc in a month by mining Post by: bit-emperor on April 16, 2017, 11:51:19 AM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little ;) you need to look at the roi time, with the current value of bitcoin, investing 10k is not that bad, because you are looking for 10 months, roi which is standard in crypto if you factor that bitcoin can go to 2k this year it look even better, but thee diff will increase long before that making the possible increase of the value kinda pointless if you can afford those antminer, a good strategy would be to mine until 66% of roi and then sell the asic, they should retain a good price in 6-7 months no it will not produce forever that amount, this is the problem, or mining bitcoin would have been much better, there is something called difficulty, and increase, because of competition between miners, they apparently love to steal each other some bitcoin difficulty now increase 10-20% on average per month, in fact last time i checked the earning for a s9 was 0.008xx now is 20% less or around that "because of competition between miners,= i understand about miners competition, but what you mean about "they apparently love to steal each other some bitcoin"....i dont understand " in fact last time i checked the earning for a s9 was 0.008xx" is this an earning for a day or a month? thank you very much Mr. Amph, for your info it is very clear for me Title: Re: want to mine 1 btc in a month by mining Post by: Amph on April 17, 2017, 07:31:10 AM i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month. my question is : 1. what hardware i need to create a mining rig ? 2. how much its cost ? 3. what the minimum hashrate to produce 1 btc in a month by mining? thank you At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s. For that, you're going to need 5 antminer S9s which would come to $10,500 Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too... If that seems a bit high I think you should lower your aspirations a little ;) you need to look at the roi time, with the current value of bitcoin, investing 10k is not that bad, because you are looking for 10 months, roi which is standard in crypto if you factor that bitcoin can go to 2k this year it look even better, but thee diff will increase long before that making the possible increase of the value kinda pointless if you can afford those antminer, a good strategy would be to mine until 66% of roi and then sell the asic, they should retain a good price in 6-7 months no it will not produce forever that amount, this is the problem, or mining bitcoin would have been much better, there is something called difficulty, and increase, because of competition between miners, they apparently love to steal each other some bitcoin difficulty now increase 10-20% on average per month, in fact last time i checked the earning for a s9 was 0.008xx now is 20% less or around that "because of competition between miners,= i understand about miners competition, but what you mean about "they apparently love to steal each other some bitcoin"....i dont understand " in fact last time i checked the earning for a s9 was 0.008xx" is this an earning for a day or a month? thank you very much Mr. Amph, for your info it is very clear for me if miners where clever, they would sit now on the same amount of coins generated per day, but since they are greedy they add hash power to "steal" bitcoin from the other if for example there are only two big farms mining, and both are doing half of the total emission coins, which is currently 1800 btc per day, it mean that each one is mining 900 now one of these farm is more greedy and want to mine 1000 coins per day, this farm then add 10% hashrate and begin to generate 1000, while the other only 800, this is what i call stealing because then the other farm will do the same, and they are again mining 900 each, but guess what, the consumption is now higher, they are now, only killing their own profit... unless the value keep increasing of course and in this case it won't be "stealing" anymore Title: Re: want to mine 1 btc in a month by mining Post by: philipma1957 on April 17, 2017, 12:49:13 PM Amph is explaining growth in mining gear.
Every 2016 blocks the difficulty changes. So if people buy gear the coins mine faster and difficulty goes upwards and onwards. Years ago in my garage I had 10,000 gh the entire network was 21,000,000 gh so I had 1/2100 of the whole worlds hashrate in my garage the power used to do that was 6000 watts say 6 kwatts the gear was about 7000 usd. 3728094244/2100 = 1,774,806 gh is what I would need now to run 1/2100 of the worlds hash that would be 142 s-9's or about 200k in gear and it would use 198778 watts say 200 kwatts. That is not fitting in my 2 car garage ;D So you are up against growth of hashrate/ difficulty Difficulty History Date Difficulty Change Hash Rate Apr 13 2017 520,808,749,422 4.24% 3,728,094,244 GH/s Mar 30 2017 499,635,929,817 5.03% 3,576,533,297 GH/s Mar 17 2017 475,705,205,062 3.24% 3,405,230,497 GH/s Mar 03 2017 460,769,358,091 4.54% 3,298,315,540 GH/s Feb 18 2017 440,779,902,287 4.41% 3,155,225,442 GH/s Feb 04 2017 422,170,566,884 7.43% 3,022,014,630 GH/s Jan 22 2017 392,963,262,344 16.64% 2,812,940,600 GH/s Jan 10 2017 336,899,932,796 6.05% 2,411,623,656 GH/s Dec 28 2016 317,688,400,354 2.43% 2,274,102,150 GH/s Dec 15 2016 310,153,855,703 8.16% 2,220,167,778 GH/s Dec 02 2016 286,765,766,821 1.76% 2,052,749,317 GH/s Nov 18 2016 281,800,917,193 10.68% 2,017,209,539 GH/s Nov 05 2016 254,620,187,304 0.40% 1,822,642,296 GH/s Oct 22 2016 253,618,246,641 -1.90% 1,815,470,125 GH/s Oct 08 2016 258,522,748,405 7.17% 1,850,577,916 GH/s Sep 25 2016 241,227,200,230 6.82% 1,726,771,560 GH/s Sep 12 2016 225,832,872,179 2.30% 1,616,574,667 GH/s Aug 29 2016 220,755,908,330 1.56% 1,580,232,344 GH/s Aug 15 2016 217,375,482,757 7.67% 1,556,034,316 GH/s Aug 02 2016 201,893,210,853 -5.43% 1,445,207,896 GH/s Jul 18 2016 213,492,501,108 0.04% 1,528,238,850 GH/s Jul 04 2016 213,398,925,331 1.88% 1,527,569,009 GH/s Jun 21 2016 209,453,158,595 6.83% 1,499,324,110 GH/s Jun 08 2016 196,061,423,940 -1.63% 1,403,462,340 GH/s May 24 2016 199,312,067,531 2.60% 1,426,731,353 GH/s May 11 2016 194,254,820,283 8.73% 1,390,530,167 GH/s Apr 28 2016 178,659,257,773 -0.01% 1,278,892,782 GH/s Apr 14 2016 178,678,307,672 7.09% 1,279,029,147 GH/s Apr 01 2016 166,851,513,283 0.82% 1,194,369,655 GH/s Mar 18 2016 165,496,835,118 4.46% 1,184,672,491 GH/s Mar 04 2016 158,427,203,767 -3.10% 1,134,066,098 GH/s Feb 19 2016 163,491,654,909 13.44% 1,170,318,852 GH/s Feb 07 2016 144,116,447,847 20.06% 1,031,625,717 GH/s Jan 26 2016 120,033,340,651 5.89% 859,232,121 GH/s Jan 13 2016 113,354,299,801 9.12% 811,421,684 GH/s Dec 31 2015 103,880,340,815 11.16% 743,604,444 GH/s Dec 18 2015 93,448,670,796 18.14% 668,931,642 GH/s Dec 06 2015 79,102,380,900 8.77% 566,236,898 GH/s Nov 24 2015 72,722,780,643 10.44% 520,569,941 GH/s Nov 11 2015 65,848,255,180 5.77% 471,360,171 GH/s Oct 29 2015 62,253,982,450 2.25% 445,631,364 GH/s Oct 15 2015 60,883,825,480 0.12% 435,823,399 GH/s Oct 01 2015 60,813,224,039 2.49% 435,318,014 GH/s Sep 17 2015 59,335,351,234 4.17% 424,738,988 GH/s Sep 04 2015 56,957,648,455 4.98% 407,718,729 GH/s Aug 22 2015 54,256,630,328 2.95% 388,384,088 GH/s Aug 08 2015 52,699,842,409 0.81% 377,240,166 GH/s Jul 25 2015 52,278,304,846 2.35% 374,222,683 GH/s Jul 11 2015 51,076,366,303 3.39% 365,618,871 GH/s © 2013-2014 BitcoinWisdom.com |