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Here, check this out: http://motherboard.vice.com/read/chinas-biggest-secret-bitcoin-mine
What should i do with that ? i watched a lot of great bitcoin mining documentary, and that will make me more optimist to this business.
blah blah blah...
Hardware mining is just burning money unless you have dirt cheap electricity. Mining is now a game for big mining farms. As an individual, you may try cloud mining. Calculate profitability here - https://alloscomp.com/bitcoin/calculator
Believe it or not, i've been researching a lot of cloud mining. and many of the result is resulting lot of loss than our capital, and really not worth it.for example i do calculation based on one cloud mining website. and the loss is surprisingly big with huge capital; $5999 make -$9.23 a day ? yes minus 9 dollar. back to my point up there, i only have 500.
https://en.bitcoin.it/wiki/Mining_hardware_comparison about mining hardware comparison.
The list of difficult coins, including btc: http://www.coinwarz.com/cryptocurrency
Looks like you're optimistic with mining. Good luck.
The list of difficult coins, including btc: http://www.coinwarz.com/cryptocurrency
Looks like you're optimistic with mining. Good luck.
Thank you for your information.
Your power costs are exceedingly cheap, so mining could certainly be profitable for you. A budget of $500 will not get you a lot of hardware, though. For that money you're looking at an S5, which will hash at about 1155 GH/s.
Your profit entirely depends on the network difficulty and the exchange rate. As of right now, that S5 would expect to mine 0.01111BTC a day... Or about $3.19. The S5 draws 590W, so given your rate, will run you $0.354 a day. Therefore if you were mining right now you'd net about $2.83.
Your profit entirely depends on the network difficulty and the exchange rate. As of right now, that S5 would expect to mine 0.01111BTC a day... Or about $3.19. The S5 draws 590W, so given your rate, will run you $0.354 a day. Therefore if you were mining right now you'd net about $2.83.
That S5 machine is one of my target, and that is what make me confuse. see my point up there peoples like you (and Amph below) have simple calculation, and there also people have confusing-lot-of-factor calculation which is lot of opinion than fact. so is it really worth it if i buy AntS5 ? (i already have a lot of ATX dont worry).
Your power costs are exceedingly cheap, so mining could certainly be profitable for you. A budget of $500 will not get you a lot of hardware, though. For that money you're looking at an S5, which will hash at about 1155 GH/s.
Your profit entirely depends on the network difficulty and the exchange rate. As of right now, that S5 would expect to mine 0.01111BTC a day... Or about $3.19. The S5 draws 590W, so given your rate, will run you $0.354 a day. Therefore if you were mining right now you'd net about $2.83.
Your profit entirely depends on the network difficulty and the exchange rate. As of right now, that S5 would expect to mine 0.01111BTC a day... Or about $3.19. The S5 draws 590W, so given your rate, will run you $0.354 a day. Therefore if you were mining right now you'd net about $2.83.
You can buy directly from China for cheaper, more miners, less price.
And mining is profitable even with $500 budget, so I guess that people forecasting a mining collapse are just bullshitting
can you give me more information ? i found chine have interesting miners.
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Thank you all for replying, but i still need more information and Big Push from you guys. Thanks once more.
