Hello Dev,


Thanks for the Facet,

I voted today. 

Can i get daily reward please.

voted ! good job dev! good luck for the future.

Wow very cool explorer 

PM sent,

Thanks in advance Dev. Waiting for ULM.

EDIT - thanks gor ULM

You are accusing some people here,  but why me?  please leave me alone. 

You must be Kidding me 

I think you don't need to do any extra work apart from downloading the wallet .. it's working fine for me.

i think it's supports only setgenerate true
only dev seems to be the solo miner  


PM sent Dev, waiting for ULM  .

Great , i got ULM, that's quick , Thanks Dev 

hi,

as the topic subject says , i am Looking for someone to setup pool and nodes.

Please PM me for details. (will pay coins related to the pool and node)

hi cam some one help me with this error i am getting when i try to mine bytecoin ...

it's https://i.imgur.com/xjeVrv0.jpg

Thanks in advance.

i have same error..

is minergate.com joined with bytecoin and made it impossible to mine solo ?

can someone please help me to understand this error?

Locked...!

okay thanks achow101

Yes, It shows confirmed and i Did contacted Bitkong just now and waiting for reply.

Whats with that Transaction HASH? i don't understand that at all

Can you explain me about that? if possible.

Thanks for the reply 

Hello BCT,


I made a deposit a small amount [ 0.000396490 - 0.000010000 FEE ] to Bitkong.com to try a game play.

Can somebody tell me what happened to my Bitcoin Transaction?

below is my TRANSACTION HASH and the screenshot.

https://tradeblock.com/bitcoin/tx/b29c456635c42d5f71054cefc8a61eae46685daae338c9788b355a60c77558ca

Thanks.

Try to post your request clearly.

Hello,

Yes it's not at all profitable to mine on electricity ..

Sorry for the delay as i have been travelling these days.

Yes there is subsidy...

Well, there are tricks to get maximum subsidies and we can discuss it personally if you are really willing to opt for solar installation.

Our company is registered IEC Certified , MNRE Approved Design .. only these certified and approved designs will get 50%  Subsidy from the government. (for fast process you may need to spend some amount but it  varies from every state government).

Please Inbox me your  contact details for more details.

Thanks.

Hi,

How much Investment are you willing to Invest?
Why only in Delhi?
Where can you get 0 cost or Free electricity?

Hello To all Indians on BCT,

Those who are mining and planning to mine in INDIA, there are Three major Points to consider...

1. Location
2. Electricity
3. Tax

Let me elaborate these three factors.

1. Location : While choosing the location for mining (I am not talking about miners with one or two ASIC machines) bitcoin miner must choose the right private location for better mining process. You are the only person to decide on this factor.

2. Electricity : This is anyway expansive for mining bitcoin in India. The average cost per Unit is 8 rupees (average of high stab rates).
So mining with AntMiner S9 at a rate of 12.5Th, with investment of 2000$ USD / 1,35,000 Rupees you will be spending at least 35kWh electricity per one day/24 hours which makes about  280 rupees and your bitcoin production will be about 500 rupees per day roughly and excluding electricity cost, you are left with 220 rupees.
Calculation per 1 Year will be...
1,50,000 rupees of bitcoin generated and excluding 1,25,000 rupees of electricity expanses, you are left with 25,000 rupees per year.
Calculation per 2 Year will be...
2,40,000 rupees of bitcoin generated and excluding 2,50,000 rupees of electricity expanses, you are left with a debt of 10,000 rupees per year.  

You are actually mining bitcoin on loss or in practical, you will not reach the pay back period with the volatility/upward difficulty rate.

3. Tax : there is nothing much to explain about the Tax rates and anyway you don't need to worry much about it as you are not going to make any profits or income.


So now the question is, Is it profitable mining Bitcoin in India??

The answer is yes it is, it may be slow and totally long term process, With the solar power system one can reach the pay back period and generate profits.  

Okay now lets come to the question How it will be profit mining a bitcoin in India...
The answer is "Solar power"
Yea, using the solar power one can mine a bitcoin and reach the pay back period and then profits.
The Sun god has no holiday and the solar power can be generated every day at least 12 hours per day.  

Lets calculate the profitability with solar power.

Again we are going to mine with AntMiner S9 at a rate of 12.5Th, with investment of 2000$ USD + extra 15,000$ USD for Solar plantation (Total of 11,14,000 rupees).
So you will be spending at least 35kWh electricity per one day/24 hours which makes about  0.00 rupees and your bitcoin production will be about 500 rupees per day roughly and excluding electricity cost, you are left with total of 500 rupees (exactly what you have just mined on that day).
Calculation per 1 Year will be...
1,50,000 rupees of bitcoin generated and excluding 0.00 rupees of electricity expanses, you are left with a total of 1,50,000 rupees per year.  
Calculation per 2 Year will be...
2,40,000 rupees of bitcoin generated and excluding 0.00 rupees of electricity expanses, you are left with a a total of 2,40,000 rupees per year.
when there is a profit, one should continue mining..

Remember that there will be upward and downward changes in Bitcoin difficulty, Conversion rate (USD/BTC), and Profitability decline rate.
of course , here we do not need to worry about the electricity rates.

So Think wise and invest on mining Bitcoin..

Hope this will help some in getting answers about how mining bitcoin in India.


Anyone interested in Solar Power installation from anywhere India, Please drop a message.


Thanks.