Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: Nachoman on November 04, 2017, 05:20:43 PM



Title: Mining bitcoin
Post by: Nachoman on November 04, 2017, 05:20:43 PM
Hi!

I have a chance to get some money to buy 6 Antminer S9's and start mining, but since I'm new to this, just wanted to hear other opinions..
The electricity isn't very expensive - 0,06 $/kwh and all of the calculators I've found have shown profit around 400$ for each Antminer.

I'm still not sure as I'd have to give the money back in 1,5 years.

Thinking about poolmining as that seems a lot less riskier than going solo, is that true?

Also, where should I get the Antminers? Seems that there are a lot of shady sites that offer them really cheap, but want to know - which ones are to be trusted?

Thanks in advance!


Title: Re: Mining bitcoin
Post by: castiel0504 on November 04, 2017, 05:29:27 PM
Order it from Bitmain.com no more no less if you want to go with S9, prepare all your cash in BITCOIN CASH, since they dont accept BTC WIRE LTC DASH like in few batches ago. See one in my topic history how to setup mobile notification when Bitmain announces on twitter when sale is happening.


Title: Re: Mining bitcoin
Post by: liuqi on November 04, 2017, 05:32:19 PM
Hi!

I have a chance to get some money to buy 6 Antminer S9's and start mining, but since I'm new to this, just wanted to hear other opinions..
The electricity isn't very expensive - 0,06 $/kwh and all of the calculators I've found have shown profit around 400$ for each Antminer.

I'm still not sure as I'd have to give the money back in 1,5 years.

Thinking about poolmining as that seems a lot less riskier than going solo, is that true?

Also, where should I get the Antminers? Seems that there are a lot of shady sites that offer them really cheap, but want to know - which ones are to be trusted?

Thanks in advance!

Don't worry bro, you can go ahead to purchase the miners you will be able to make amount which is invested on purchasing now. This will returned as the profit with in the one year.
You can purchase the antminer using their authenticate site bitmain, which will give a way to purchase the antminer s9 for the normal price. Many resellers and ebay resellers use to sell the miner but cost will little more than you can find in bitmain site.


Title: Re: Mining bitcoin
Post by: ettessuta on November 04, 2017, 08:28:51 PM
mining device more than 2,000$ and electric fee and this may be work or not

Save your  money and hold it as bitcoin or make exchange site


Title: Re: Mining bitcoin
Post by: NotFuzzyWarm on November 05, 2017, 05:26:03 PM
Start by browsing through the Beginners & Help section (https://bitcointalk.org/index.php?board=39.0)...
Point-1 to remember is that not all crypto coins are 'Bitcoin'. Bitcoin is a specific coin with very specific hardware needs which is very different from the hardware other coins use. The other coins are in general called altcoins and they have their own areas here so when you start posting hardware questions be sure you post in the correct area.


Title: Re: Mining bitcoin
Post by: leowonderful on November 05, 2017, 08:59:02 PM
Electricity costs of 0,06 $/kwh are in the higher range but as bitcoin increased for some $ thousands recently you should be still fine and it's also possible that the price will increase further. Do you have to register your activity and pay fees and taxes on the winnings?

Without experience, going solo is always riskier than joining already successful projects with competent managers and probably better basic conditions like yours, but that is your decision.
No? It's perfectly viable to mine at or below electrical costs of $.10/KwH and above that is the point that's actually high. Difficulty's absolutely skyrocketing recently but you should still be okay mining at $.06/KwH. Hell most hosting facilities and colocs don't have rates like that. You're just fine.