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Author Topic: Start mining bitcoins- What initial investment is needed to make a profit  (Read 1358 times)
Maartenmrtr (OP)
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November 23, 2014, 05:54:30 PM
 #1

Dear Bitcoin Forum users,

I have a question for all of you, I have little experience but would like to get into bitcoin mining.

So, my question: How much initial investment would be needed to start mining bitcoins and make a reasonably good profit (considering hardware cost, power cost etc.).

Much appreciated  Wink
Regards, Maarten
LuckyBtc
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November 23, 2014, 06:01:48 PM
 #2

You can goto coinwarz to check profitability(you can calculate both scrypt and sha256 coins profitability) .I don't recommend getting into mining now.   Smiley
odolvlobo
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November 23, 2014, 10:25:54 PM
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You can get a Bitmain AntMiner S3+ miner right now for $210 USD (0.571 BTC) . Whether or not it can generate a profit depends on your cost of electricity.

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Bitfort
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November 23, 2014, 10:53:46 PM
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Invest only as much as you can afford to lose.

MY HINTs
◄M► MINING
◄G► GAMBLING
◄E► EXCHANGE

◄E► (KCS) Kucoin-Staking, Auto-Lending, Trading-Bot
◄E► (BNB) Binance-Staking, Savings, 10% RefBack
◄E► (TRX) Poloniex-Staking, Lending, Fee Discount
◄E► (LEO) Bitfinex-Staking, Auto-Lending

◄G► Betfury-Faucet, Dividend Earnings (BFG holders, mine BFG by playing)
◄G► Bitvest -  Faucet, Bankroll Invest
◄G► CryptoGames-Faucet, Lotto
◄G► PrimeDice-Faucet

◄M► Prohashing (Multipool)-Payout in any coin, get 0.50% bonus for 30 days
◄M► MiningRigRentals (Marketplace)-buy hashrate or rent your miners
◄M► Viabtc  (Pool)-payout to Coinex (exchnage) without fees


Wusolini
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November 23, 2014, 11:09:31 PM
 #5

Dear Bitcoin Forum users,

I have a question for all of you, I have little experience but would like to get into bitcoin mining.

So, my question: How much initial investment would be needed to start mining bitcoins and make a reasonably good profit (considering hardware cost, power cost etc.).

Much appreciated  Wink
Regards, Maarten

Hi, im having small contrats with couldmining companies ... so can give  you some real examples.

Cloudhashers ( 1Ghs cost 0.0014 BTC)
25 Ghs cotract gives me 0.00031 BTC daily
130 Ghs = 0.0016 BTC daily

PBmining ( 1Ghs cost 0.0014 BTC)
20 Ghs cotract gives me 0.00162 BTC weekly

Hashie  ( 1Ghs cost 0.0012 BTC)
60 Ghs gives me 0.00042 BTC daily

calculate your own

notlist3d
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November 24, 2014, 12:11:49 AM
 #6

Dear Bitcoin Forum users,

I have a question for all of you, I have little experience but would like to get into bitcoin mining.

So, my question: How much initial investment would be needed to start mining bitcoins and make a reasonably good profit (considering hardware cost, power cost etc.).

Much appreciated  Wink
Regards, Maarten

Hi, im having small contrats with couldmining companies ... so can give  you some real examples.

Cloudhashers ( 1Ghs cost 0.0014 BTC)
25 Ghs cotract gives me 0.00031 BTC daily
130 Ghs = 0.0016 BTC daily

PBmining ( 1Ghs cost 0.0014 BTC)
20 Ghs cotract gives me 0.00162 BTC weekly

Hashie  ( 1Ghs cost 0.0012 BTC)
60 Ghs gives me 0.00042 BTC daily

calculate your own

Personally I like hardware myself.  You should also decide fi you want hardware or if you trust some of the cloud mining sites as shown above.
Yuki1988
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November 24, 2014, 08:33:35 AM
 #7

Dear Bitcoin Forum users,

I have a question for all of you, I have little experience but would like to get into bitcoin mining.

So, my question: How much initial investment would be needed to start mining bitcoins and make a reasonably good profit (considering hardware cost, power cost etc.).

Much appreciated  Wink
Regards, Maarten

Hi, im having small contrats with couldmining companies ... so can give  you some real examples.

Cloudhashers ( 1Ghs cost 0.0014 BTC)
25 Ghs cotract gives me 0.00031 BTC daily
130 Ghs = 0.0016 BTC daily

PBmining ( 1Ghs cost 0.0014 BTC)
20 Ghs cotract gives me 0.00162 BTC weekly

Hashie  ( 1Ghs cost 0.0012 BTC)
60 Ghs gives me 0.00042 BTC daily

calculate your own

Friendly reminder to OP: The earning is inversely proportional to the mining difficulty. If difficulty is doubled, your daily earning will be halved. This is something you must take into consideration in your calculation.

GermanGiant
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November 24, 2014, 08:49:58 AM
 #8

Dear Bitcoin Forum users,

I have a question for all of you, I have little experience but would like to get into bitcoin mining.

So, my question: How much initial investment would be needed to start mining bitcoins and make a reasonably good profit (considering hardware cost, power cost etc.).

Much appreciated  Wink
Regards, Maarten

Hi, im having small contrats with couldmining companies ... so can give  you some real examples.

Cloudhashers ( 1Ghs cost 0.0014 BTC)
25 Ghs cotract gives me 0.00031 BTC daily
130 Ghs = 0.0016 BTC daily

PBmining ( 1Ghs cost 0.0014 BTC)
20 Ghs cotract gives me 0.00162 BTC weekly

Hashie  ( 1Ghs cost 0.0012 BTC)
60 Ghs gives me 0.00042 BTC daily

calculate your own

Just to add to the list...

cloudmining.website (1Ghs cost 0.001 BTC)
100 Ghs gave me 0.00124106 BTC yesterday
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