iTzCorky (OP)
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July 17, 2014, 03:35:51 PM |
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Hey guys I have been thinking about getting into mining some bitcoin and have been doing my research about it. I am thinking about buying 3 TH worth of Antminer s1's but everyone always talks about energy cost so I recently got my kw/h at about 0.0699 is this sufficient enough to mine with?
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rarkenin
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July 17, 2014, 06:09:33 PM |
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Well, you can do some calculation. The Antminer S1's power efficiency is given as: Power efficiency: 2 W/GH/s on wall We can determine that with 3TH, you'd be using 6kW. Let's type this into CoinWars (this is a link to a URL shortener info page, so you can verify I'm not dumping you onto a malware site). We're using Coinbase exchange values. This brings in $44.56/day at the current difficulty. Assuming diff. doesn't skyrocket, and the price doesn't drop, you're looking at eventual profitability according to BitcoinX
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iTzCorky (OP)
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July 17, 2014, 07:52:14 PM |
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Well, you can do some calculation. The Antminer S1's power efficiency is given as: Power efficiency: 2 W/GH/s on wall We can determine that with 3TH, you'd be using 6kW. Let's /rIF2e8+]type this into CoinWars (this is a link to a URL shortener info page, so you can verify I'm not dumping you onto a malware site). We're using Coinbase exchange values. This brings in $44.56/day at the current difficulty. Assuming diff. doesn't skyrocket, and the price doesn't drop, you're looking at eventual profitability according to BitcoinXThank Rarkenin. I have about another 20k im going to invest but I think I will do it with the s3's. My motto go big or go home XD.
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iTzCorky (OP)
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July 18, 2014, 03:30:00 PM |
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No problem, feel free to tip at 1EYhYbBKRSM85EaoUbgQmnCwQerQWL99so if it helped. I can also do the S3 calculation if you'd like.
Ok cool Rarkenin. Let me get my orders here and get them set up and running and I shall tip ya for the help ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Kprawn
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July 19, 2014, 03:01:24 PM |
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How stable is your electricity costs? Some countries have HUGE electricity increases every year, so people forget that electricity cost goes up. Factor increased electricity cost into your ROI calculation. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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iTzCorky (OP)
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July 19, 2014, 03:52:04 PM |
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How stable is your electricity costs? Some countries have HUGE electricity increases every year, so people forget that electricity cost goes up. Factor increased electricity cost into your ROI calculation. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Its fixed so no increase ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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KimNam
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July 20, 2014, 05:57:28 AM |
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forget S1, it's time for S3 but i saw in S3 discussion, even for S3 price right now, it's still hard to make ROI why don't buy 2TH or 3 TH hardware instead? look for cheapest $ / GHS and watt / GHS
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LightningBlade
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July 20, 2014, 07:30:41 AM |
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Hey guys I have been thinking about getting into mining some bitcoin and have been doing my research about it. I am thinking about buying 3 TH worth of Antminer s1's but everyone always talks about energy cost so I recently got my kw/h at about 0.0699 is this sufficient enough to mine with?
0.07cent/kwh is not low enough for ROI. Good luck with any miner..
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DrG
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July 20, 2014, 09:31:23 AM |
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The next difficulty jump is going to be over 10% at least. We caught a breather with the 3% jump last time but we may not see that again for a couple months.
To guarantee ROI you need closer to 0.02 like WA state. It's possible with 0.07 but you're slicing it thin.
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byt411
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July 20, 2014, 09:32:29 AM |
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Hey guys I have been thinking about getting into mining some bitcoin and have been doing my research about it. I am thinking about buying 3 TH worth of Antminer s1's but everyone always talks about energy cost so I recently got my kw/h at about 0.0699 is this sufficient enough to mine with?
0.07cent/kwh is not low enough for ROI. Good luck with any miner.. I bet everything that I have that 0.07 US cents per kWH, or $0.0007/kwh is definitely good enough for ROI.
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iTzCorky (OP)
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July 20, 2014, 03:05:44 PM |
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I expect to lose money until I hit my goal of 500 TH/s but I am just going with S1's for now I will go for s3's later on.
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iTzCorky (OP)
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July 20, 2014, 04:58:10 PM |
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The next difficulty jump is going to be over 10% at least. We caught a breather with the 3% jump last time but we may not see that again for a couple months.
To guarantee ROI you need closer to 0.02 like WA state. It's possible with 0.07 but you're slicing it thin.
I plan to switch to green is what they call it for my system. I have solar power but I can upgrade to go full green and get it for 0.03 which is great ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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rmoraos
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July 21, 2014, 12:15:41 AM |
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Forget the energy costs, internet problems, stuck miners ... mine in this cloud, cheap and reliable: http://bit.ly/1rcFb3KBest Regards.
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rarkenin
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July 21, 2014, 12:50:30 AM |
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Forget the energy costs, internet problems, stuck miners ... mine in this cloud, cheap and reliable: http://bit.ly/1rcFb3KBest Regards. Please do not use shortlinks. We don't know if they lead to coin-stealing malware embedded into web pages or not.
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DumDumz
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July 21, 2014, 01:15:50 PM |
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why did you not think to use ANTMiner S3? excellent energy efficiency 1W/Gh/s . Low price, hig has rate .
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Muhammed Zakir
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July 21, 2014, 05:54:25 PM |
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I would recommend you s3. Buy s3 instead of buying s1. A simple comparison: S1 : 180 GH/s | Power Consumption : ~360 Watt from the wall S3 : 478 GH/s±5% | Power Consumption : ~366 Watt from the wall I know the price for S3 is a bit higher than S1 but it is worth buying. You can consume power with good hash rate. Kindly, MZ
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iTzCorky (OP)
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July 21, 2014, 05:58:48 PM |
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I would recommend you s3. Buy s3 instead of buying s1. A simple comparison: S1 : 180 GH/s | Power Consumption : ~360 Watt from the wall S3 : 478 GH/s±5% | Power Consumption : ~366 Watt from the wall I know the price for S3 is a bit higher than S1 but it is worth buying. You can consume power with good hash rate. Kindly, MZ Thanks for the heads up everyone I shall start investing in S3's right away. You guys are awesome ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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