i want to invest money on bitcoin minng.
i want to generate atleast 0.05 btc daily.
tell me how much money needed for investment?
and thing i need to buy ?
Hello `usamamalik555` ,
i want to invest money on bitcoin minng.
[1] To invest in bitcoin mining you should know what bitcoin mining is
* Heres the official board to know more :
https://bitcointalk.org/index.php?board=14.0 * You should know that investiment in bitcoin didn't generate a stable profit .
I want to generate atleast 0.05 btc daily.
[2] You can't generate this amount without spending a lot !
* You can generate 0.05 today but not all the time
* Bitcoin price not also stable watch the market : bitcoinwisdom.com
* You can calcul here profit of you hardware :
http://www.coinwarz.com/calculators/bitcoin-mining-calculatortell me how much money needed for investment?
[3] In this time the gh/s price is 0.175 USD (from cex.io)
- so you need 5000 GH/s to generate 0.05
BTC but
after 30 days you will generate 0.47
BTC and after 112 days you will generate 0.15 because of
the difficulty increase each month .
- To generate 0.05
BTC you need 875 $ in case you buy from cex.io
Or 1850 $ in case you buy
https://www.bitmaintech.com/productDetail.htm?pid=000201412231604153619o9X1obn0693and thing i need to buy ?
[4] You need to buy :
- Buy an cloud mining (Not my suggestion
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
)
- Buy an hardware and this is the best choice (Don't forget electricity)
the good news is my electricity is free. my dad works in electricity department. should i buy hardware ?
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)