Bitcoin Forum
January 22, 2019, 01:43:29 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How much money do I need to invest before I start making money?  (Read 934 times)
brendanjhwu
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
June 17, 2015, 12:25:10 AM
 #1

I don't know anything about mining, just wondering how much money do I need to invest into miners to break even?
1548164609
Hero Member
*
Offline Offline

Posts: 1548164609

View Profile Personal Message (Offline)

Ignore
1548164609
Reply with quote  #2

1548164609
Report to moderator
1548164609
Hero Member
*
Offline Offline

Posts: 1548164609

View Profile Personal Message (Offline)

Ignore
1548164609
Reply with quote  #2

1548164609
Report to moderator
1548164609
Hero Member
*
Offline Offline

Posts: 1548164609

View Profile Personal Message (Offline)

Ignore
1548164609
Reply with quote  #2

1548164609
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
n3rvi0zz0
Sr. Member
****
Offline Offline

Activity: 289
Merit: 250


View Profile
June 17, 2015, 12:31:06 AM
 #2

all your life Wink Wink Wink Wink Wink Wink Wink

https://bizzilion.com/?ref=n3rvi0zz0

Earn up to 1.5% daily investing in the best platform of internet
Amph
Legendary
*
Offline Offline

Activity: 2100
Merit: 1003



View Profile
June 17, 2015, 05:48:26 AM
 #3

the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5...

initial cost/ total hash power ratio will always be the same
altcoinhosting
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1000


View Profile
June 17, 2015, 06:03:13 AM
 #4

the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5...

initial cost/ total hash power ratio will always be the same

Unless you can get a better deal by buying in bulk, or for example, buy a PSU that can power several antminers. You'll need to buy a PSU wether you have 1 or 3. (i guess this goes for all infrastructure costs: they'll become cheaper the more you invest... Cooling, power, storage, security)

Also, if you set up a big farm and register as a company, you might get you power cheaper?

I'm just a beginner myself, so i hope these assumptions are correct?

 

                                       
      ░█████    ████████████████▓     
     ▓██████    ██████████████████     
     ███████    ██████████████████     
                ██████████████████     
                ██████████████████     
     ███████    ██████████████████     
     ███████    ██████████████████     
     ███████    ██████████████████     
     ███████    ██████████████████     
                                       
                                       
     ███████    ███████    ███████     
     ███████    ███████    ███████     
      ▓█████    ███████    ██████   
LedgerWallet








                                                            ▒▓▓▓               
                                                         ▓█▓▓▓▓▓▓▒▓           
                                                     ░▓█▓▓▓▓▓▓▓▓▓▓▓▓▒▓         
                                                  ░▓█▓▓▓▓▓▓▓▓▓▓▓▒▓▓▓▓▒░▒▒     
                                               ░█▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▒▓▓▓▓▓▓▓▓   
                                            ░█▓▓▓▓▓▓▓▓▓▓▓▓▒▓▓▓▓▓▓▓▓▓▓▒▓▓▓▒     
                                         ░█▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▒▓▓▓▓▓▒▓▓▓▒       
                                      ░▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▒           
                                 ▒▒▒▒▒▒▒▒▒▒▒▒▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓             
                              ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▓▓▓▓▓▓▓▓▓███▒                 
                          ▒▒▒▒▒▒▒▒▒▒▓▓▓███▓▓▒▒▒▒▒▒▓▓▓▓▓███▓                   
                       ░▒▒▒▒▒▒▒▒▒▒▒▒▒█▓▓█▓▓▒▒▒▒▒▒▓▓▓▓██▓                       
                    ░▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒██▓▓░                         
                 ░▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▓▓▓░                           
              ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒███▓▒                             
           ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒█▓▓█▓▒                               
        ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒░▓█▓▓▓▒░                                 
     ░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░▓████▒                                     
  ░░░░░░░░░░░░░░░░░░▒░░░░░░░░░░▒▓████▒░                                       
▓░░░░░░░░░░▒▒▒▒░░░░░░░░░░░░░░▓████▒░                                           
▒▒▓▒░░░░░░░▒░░▒░░░░░░░░░░░▒████▒                                               
▓▓▒▒▒▓░░░░░░░░░░░░░░░░░▓████▒░                                                 
  ▒▓▓▒▒▓▒░░░░░░░░░░░▒████▒░                                                   
     ▓▓▒▒▒▓▒░░░░▒████▓▒                                                       
       ▒▓▓▒▒▒▒▒████▒░                                                         
          ▒▓▒▓█▓▒░                                                             
            ░░░         
...Smartcard based  Hardware Wallet...
Second factor            Malware Proof          Worldwide Shipping   
Amph
Legendary
*
Offline Offline

Activity: 2100
Merit: 1003



View Profile
June 17, 2015, 08:55:17 AM
 #5

the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5...

initial cost/ total hash power ratio will always be the same

Unless you can get a better deal by buying in bulk, or for example, buy a PSU that can power several antminers. You'll need to buy a PSU wether you have 1 or 3. (i guess this goes for all infrastructure costs: they'll become cheaper the more you invest... Cooling, power, storage, security)

Also, if you set up a big farm and register as a company, you might get you power cheaper?

I'm just a beginner myself, so i hope these assumptions are correct?

yes i presume that if you really want to go big(but the risk is also higher) you can find some promotion, that will help you paying less, thus making roi less painful, but i don't expect the difference to be that huge

the cost of your electricity depend on wwhere you live for the most part, registering undersomeone may help, but no so much, i know that china and washington offer a very cheap electricity, below 0.05
Xialla
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000


/dev/null


View Profile
June 17, 2015, 09:19:46 AM
 #6

I'm just a beginner myself, so i hope these assumptions are correct?

you are right, anyway, it is very risky business to jump to mining game and I think, that you need some exclusive contracts and know the right guys. for random person "from street" is imho impossible to run profitable mining operations..
Bananana
Sr. Member
****
Offline Offline

Activity: 473
Merit: 250



View Profile WWW
June 17, 2015, 03:59:54 PM
 #7

I don't know anything about mining, just wondering how much money do I need to invest into miners to break even?

Buying Bitcoin and making return is much much higher chances then buying miners to make a return. So Smiley

GreatNorthData
Member
**
Offline Offline

Activity: 105
Merit: 250


View Profile WWW
June 17, 2015, 08:17:24 PM
 #8

the time for break even or roi, will not change based on your investments, so if you invest in one antminer s5, it will be the same if you invest in 10 antminer s5...

initial cost/ total hash power ratio will always be the same

As stated above, miners are cheaper in bulk. Hosting is also cheaper in bulk.

Lowest-Cost Miner Hosting:  greatnorthdata.com
alh
Legendary
*
Offline Offline

Activity: 1554
Merit: 1011


View Profile
June 17, 2015, 08:35:56 PM
 #9

It's going to be critical to understand what your cost per Kilowatt hour is. If it's too high (say $0.15/KWh), then there is NO "economy of scale " that can fix that. Even free mining hardware can't help, if you are spending more in electricity than you are getting BTC.

Electricity cost is really just about your first question to answer.
phatkiller
Full Member
***
Offline Offline

Activity: 150
Merit: 100


View Profile
June 17, 2015, 10:44:26 PM
 #10

or move into public housing where the goverment pays your electric bill and load up as many miners as possible FREE MONEY!!!

Valanor
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


Look My eyes


View Profile
June 17, 2015, 10:51:24 PM
 #11

I don't know anything about mining, just wondering how much money do I need to invest into miners to break even?

how much profit you want ?
if you want to get consistenly 300$ /month you need minimum 5000 ghs
you can calculate in here http://www.coinwarz.com/calculators/bitcoin-mining-calculator

hedgy73
Legendary
*
Offline Offline

Activity: 1330
Merit: 1036



View Profile
June 17, 2015, 11:05:24 PM
 #12

It doesn't matter how much you invest it depends on your electricity cost because thats the major expense in running bitcoin miners. If you're paying cheap electricity and have efficient miners then go for it but if you're like 90% of the world then electricity costs and miner costs are more than you can earn. Do the maths and you can work out whether its profitable or not.

Pages: [1]
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!