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One more question (where I think I already know the awnser of):
Does it really matter what internet connection you get when mining with 5-15 s9 miners?
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it depends ,varies greatly,pools have different hashrate and different luck on average, a block is found every ten minutes,so a pool with 25% hashpower would be finding blocks (in theory,of course) every 40 minutes,roughly ,once again:you can be finding them more often or don't find at all,if you are a tiny pool pool hashrate and percentage distribution you can find,for example,here: https://blockchain.info/pools So according to the link/picture, the pool with the highest % is the smartest pool to choose? Btw is there a save way to buy multiple Antminer s9's (used) ? Got some tips? |
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Hi all,
I am playing on starting with a bitcoin project within the next few months. I am thinking about investing in buying 5 Antminer s9's to start off with mining bitcoins and to continue to grow untill 10 or 15 of them.
I've been doing some intense researching but the different experiences in mining bitcoins in 2017 just don't make sense to me.. So I am hoping to gain some wisdom from some of you!
1) is it lucrative to invest in 5 of these Antminer s9? (or maybe the newer model that might be released by that time)? I realise it will take a few months time, but according to most calculation sites it will take me around 4 months to draw break-even. Dont include the electricity costs etc.
2) Is it necessary to join a mining pool when you have 5 to 15 of these powerful miners yourself? Or is it impossible to do it yourself without the help of a pool?
Hope to hear from you guys soon! And thank you so much in advance.
solo mining is a game of chance,why would you spend so much money to risk not hitting a block in two years or more when you can simply achieve ROI by joining a mining pool in a year (provided you do not have crazy electricity prices of over 10 cents) is it lucrative or not you can calculate yourself using one of the numerous online calculators that factor in difficulty,equipment costs,electricity costs and running expenses costs,usually people with 10 cents/kwh electricity hit roi in 9-10 months,with the growing bitcoin prices the time decreases factor in possible s9 malfunctions and calculate yourself,after all it is your money and every business requres a business plan to be successful generally ,yes it is profitable to mine still,besides if the price is to hit 10.000 you are going to ROI much much faster,then sell s9 and buy whatever will come out next faster and more efficient Cool! Thanks for your reply! Don't worry about the electricty bill, how fast is it normally for a pool to hit a block? |
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you can try to mine in solo and see your luck but it will take a very tough patience to wait for the block to be mined if ever, with the current diff trend it will also be very frustarting, there is a chance that you will never find anything a pool is recommended unless you can produce 1 block every two weeks, this is my startegy here, so you can have the chance to hit one before the diff change at least... Can you even still mine?
yes it's profitable, bitcoin minign is not the best mining but it's not bad now with the current bitcoin value Thanks for your reply. So you think its wise to start with 5 s9 machines and grow from there? |
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Why would'nt you be able to?
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Good tip! Joining a pool it is then!
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I understand. But isn't that a good reason to upscale the mining potential by using more s9 miners instead of just one to maximize the x amount of bc's mined within a month?
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Thank you for the reply! Don't worry about the electricity costs, these are all figured out and not even a slight problem! So without that to worry about what are the chances?
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Hi all,
I am playing on starting with a bitcoin project within the next few months. I am thinking about investing in buying 5 Antminer s9's to start off with mining bitcoins and to continue to grow untill 10 or 15 of them.
I've been doing some intense researching but the different experiences in mining bitcoins in 2017 just don't make sense to me.. So I am hoping to gain some wisdom from some of you!
1) is it lucrative to invest in 5 of these Antminer s9? (or maybe the newer model that might be released by that time)? I realise it will take a few months time, but according to most calculation sites it will take me around 4 months to draw break-even. Dont include the electricity costs etc.
2) Is it necessary to join a mining pool when you have 5 to 15 of these powerful miners yourself? Or is it impossible to do it yourself without the help of a pool?
Hope to hear from you guys soon! And thank you so much in advance.
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