I am a beginner help me please

[xhomerx10]

Don't take a loan for mining equipment. Mining bitcoin is hardly profitable for private persons. Only a professional approach with big investment is profitable.

Hello Mr
I understand thanks for your back
a question?
go how much of $ to have profitable revenue?
Thank you
thank you very much

That's difficult to say. The biggest cost of a mining rig is the electricity bill. What is the price/kWh in Algeria? If it's more than $0,10-0,12/kWh you can forget to make some profit. Then it is almost not possible. All Bitcoin mining companies are in countries with low electricity costs like China ($0,06/kWh)

electricity costs in algeria ($0,04/kWh) what do you think sir ?

 We usually discuss only electricity cost with respect to mining.  The problem with doing so is that there are many other charges to consider on most if not all electricity bills these days.
Here is a list of variable costs on a typical electricity bill:

electricity (time of use)
distribution charge
transmission charge
loss adjustment (usually a fixed multiplier - mine is 4.8%)
regulatory charges
city, state and or federal VAT or sales tax (anywhere from 0-24%)
metering charges
advanced metering surcharges (if you're lucky enough to have one of the newer remote controlled meters)
nuclear decommissioning fund charges

 there are also fixed charges but that wouldn't affect the cost to mine.    My average cost of electricity alone was $0.108/kWh last month but once you add on all the other variable charges it works out to $0.186/kWh and the stated cost of electricity (non-peak) is $0.08/kWh
Be careful when doing your calculations.

[kwaasteniet]

To give you some hard figures:
You can buy an Antminer S7 for about $1200 with powersupply.
it makes 4730 Mh/s and it uses 1300 watt.
Electricity costs $0,04/kWh

With this numbers you go to the Bitcoin mining calculator
I tells you you can make a revenue of $1621,00 annually.
When we stated that the depreciation of equipment is in 1 year then you can calculate that your yearly profit is $421,-

[jonatuzc]

There are lot of threads with mining. However if u do the mining the Electricity is one of the major factor.

[BitMaxz]

To give you some hard figures:
You can buy an Antminer S7 for about $1200 with powersupply.
it makes 4730 Mh/s and it uses 1300 watt.
Electricity costs $0,04/kWh

With this numbers you go to the Bitcoin mining calculator
I tells you you can make a revenue of $1621,00 annually.
When we stated that the depreciation of equipment is in 1 year then you can calculate that your yearly profit is $421,-

For now its very low profit but after halving you can make more profit after block halving.. honestly i am planning too to start mining with s7 because we have now a free electricity but we dont have any aircoinditionaire because here in my country right now is very hot we have a temperature of 52 degree
and i think the if you start mining business you should have aircoin so that the hardware can cool down fast.. unlike if you s7 in our temperature theres a possible that the s7 will burn or destroy fast..
We have free electricity and i think its very profitable...

[kwaasteniet]

For now its very low profit but after halving you can make more profit after block halving.. honestly i am planning too to start mining with s7 because we have now a free electricity but we dont have any aircoinditionaire because here in my country right now is very hot we have a temperature of 52 degree
and i think the if you start mining business you should have aircoin so that the hardware can cool down fast.. unlike if you s7 in our temperature theres a possible that the s7 will burn or destroy fast..
We have free electricity and i think its very profitable...

Why is it after halving more profitable? Now you get 25 bitcoin /block after the halving only 12,5BTC/block. So the price of bitcoin need to double to mine even with now. I don't think that wil happen very fast. The halving will cost most of the little miner their heads.

[lissandra]

So you're basically asking if you should start mining?

Short answer: no
Long answer: yes, if your electricity rate is really, really, really low AND you have some technical knowledge AND you have some cash to invest AND you like to gamble a little bit.

thank you sir
But i don't have a money to invest i will take a loan from bank i want to create a project
do you think what ?
is that I can have a stable salary without complexation ?
sorry and thank you

You can start by building up your account for starters to join campaigns if there is any room left available.

Proceed from there, and eventually look into btcjam for micro loans or try to get something going with others on this forum.

I highly suggest you should get udemy education to end up providing a service someone on this forum. As for the project route, no one will fund it. Like most people are jaded on this forum at investing things.

[Joker07]

Don't take a loan for mining equipment. Mining bitcoin is hardly profitable for private persons. Only a professional approach with big investment is profitable.

Hello Mr
I understand thanks for your back
a question?
go how much of $ to have profitable revenue?
Thank you
thank you very much

That's difficult to say. The biggest cost of a mining rig is the electricity bill. What is the price/kWh in Algeria? If it's more than $0,10-0,12/kWh you can forget to make some profit. Then it is almost not possible. All Bitcoin mining companies are in countries with low electricity costs like China ($0,06/kWh)

electricity costs in algeria ($0,04/kWh) what do you think sir ?

 We usually discuss only electricity cost with respect to mining.  The problem with doing so is that there are many other charges to consider on most if not all electricity bills these days.
Here is a list of variable costs on a typical electricity bill:

electricity (time of use)
distribution charge
transmission charge
loss adjustment (usually a fixed multiplier - mine is 4.8%)
regulatory charges
city, state and or federal VAT or sales tax (anywhere from 0-24%)
metering charges
advanced metering surcharges (if you're lucky enough to have one of the newer remote controlled meters)
nuclear decommissioning fund charges

 there are also fixed charges but that wouldn't affect the cost to mine.    My average cost of electricity alone was $0.108/kWh last month but once you add on all the other variable charges it works out to $0.186/kWh and the stated cost of electricity (non-peak) is $0.08/kWh
Be careful when doing your calculations.

thanks much for the time you spend
Is it Possible to calculate variable costs?
thanks Sir and sorry

[Joker07]

To give you some hard figures:
You can buy an Antminer S7 for about $1200 with powersupply.
it makes 4730 Mh/s and it uses 1300 watt.
Electricity costs $0,04/kWh

With this numbers you go to the Bitcoin mining calculator
I tells you you can make a revenue of $1621,00 annually.
When we stated that the depreciation of equipment is in 1 year then you can calculate that your yearly profit is $421,-

Well the net income is 421$ in 1 year using one ( Antminer ) ?
and What is the life expectancy of (Antminer)
thanksssssssssssss

[notlist3d]

To give you some hard figures:
You can buy an Antminer S7 for about $1200 with powersupply.
it makes 4730 Mh/s and it uses 1300 watt.
Electricity costs $0,04/kWh

With this numbers you go to the Bitcoin mining calculator
I tells you you can make a revenue of $1621,00 annually.
When we stated that the depreciation of equipment is in 1 year then you can calculate that your yearly profit is $421,-

Well the net income is 421$ in 1 year using one ( Antminer ) ?
and What is the life expectancy of (Antminer)
thanksssssssssssss

With price of 1200 it has to be more then one S7. Current price is just much less.  But make sure to include difficulty change, and having eventually, unknown price of BTC in a year.   You cannot get close to your yearly income.  It's impossible to speculate a year's of difficulty I would argue.

So do ROI in shorter terms I would avoid yearly as it just is not likely you guess right on changes for the year. 

[Joker07]

Thank you to all for your understanding
Sorry for the inconvenience
now I have an idea about the mining
Thanks