I want to start a farm mining bitcoin

[rami27]

hi
I want to start smal farm mining bitcoin
4 or 5 TH/s
I am new in mining

Why do I need ?
What are the best types of devices ?
bitmain or KNC ?
I want to explain how to work the farm from a computer and what the speed of the net?
The amount in the range of 7.000$
I'm sorry that my language is not good
Thank you

[philipma1957]

What does your power cost?   8 cents usd or lower  you may make money  more then 8 cent usd you most likely will lose money.


The S-5   uses 600 watts  maybe 650 watts.

You need 4 to do 5th.


They are loud .  you need power supplies  what volts are in your mining farm 120 or 240?

[notlist3d]

What does your power cost?   8 cents usd or lower  you may make money  more then 8 cent usd you most likely will lose money.


The S-5   uses 600 watts  maybe 650 watts.

You need 4 to do 5th.


They are loud .  you need power supplies  what volts are in your mining farm 120 or 240?

Phil hit the nail right on the head.  It is all based on electricity price.  If you pay a high one you have no chance.  Also a high vat/import tax can kill profits aswell.

If to high look into hosting centers.  That is the other option for those with high electricity prices.

[rami27]

thanks notlist3d , philipma1957

220 volt

electricity prices in my Country
1.000 watt = 1.4$
But I will work on solar energy And batteries
Because of the high price and Electricity work 6-8 In 24 hours

----------------

[Amph]

thanks notlist3d , philipma1957

220 volt

electricity prices in my Country
1.000 watt = 1.4$
But I will work on solar energy And batteries
Because of the high price and Electricity work 6-8 In 24 hours

----------------

that's very high as electricity where do you live? i never seen a whole dollar and half for a mere kw, i think at this point is better to buy bitcoin directly than wasting time in building a solar system for your mining, which isn't free...

[xstr8guy]

"Farm mining" BTC at 4-5THs was a thing in 2013, lol. These days 4-5THs is a very, very modest home mining setup. If you have anything under 100THs now, it's not a "farm", lol.

[altcoinhosting]

thanks notlist3d , philipma1957

220 volt

electricity prices in my Country
1.000 watt = 1.4$
But I will work on solar energy And batteries
Because of the high price and Electricity work 6-8 In 24 hours

----------------

Be carefull, if your farm only runs 6-8 hours/day, because you'll have to make a $7000 investment that only generates BTC 1/3th of the time... Make your calculations to be sure you'll ever break even...

[notlist3d]

thanks notlist3d , philipma1957

220 volt

electricity prices in my Country
1.000 watt = 1.4$
But I will work on solar energy And batteries
Because of the high price and Electricity work 6-8 In 24 hours

----------------

I highly suggest looking into hosting somewhere else.  Solar is a big investment to add to mining.  And actually the two are different investments.

But solar is not cheap.  Its better as far as asics to move the machines to cheap electricity.

[g1974ak]

hi
I want to start smal farm mining bitcoin
4 or 5 TH/s
I am new in mining

Why do I need ?
What are the best types of devices ?
bitmain or KNC ?
I want to explain how to work the farm from a computer and what the speed of the net?
The amount in the range of 7.000$
I'm sorry that my language is not good
Thank you

I think that this farm is not worth. If you have in mind the amount to spend, the price of electricity, the power you want to implement, the difficulty which will rise in time and the earnings that can be made from this power I think that it will be very hard that you earn something decent from this.

[gallery2000]

I wouldn't call 4th-5TH a farm.  It is more like a garden.

[jonnybravo0311]

I really hope your conversion is wrong, otherwise absolutely forget about mining.  If accurate, your numbers indicate that a single S5 would cost you $19824 a day to operate.  I'd suggest buying some solar panels and selling the generated electricity back to the grid if you can get those kinds of outrageous prices.  Now, if what you really meant to write is that your power costs about $0.14 per kWh, then that S5 would cost you $1.98 a day to operate.  At current exchange prices and difficulty levels, that S5 would expect to earn you $3.16 a day... netting you $1.18 in profit a day.

[alh]

I am betting that there is a slipped decimal point for the electricity cost. I have yet to hear of anybody that claims to have a rate of $1.40 / KWh. Of course if your electric rate was actually that high, you might not want to use your computer to access this forum!!!   

[jonnybravo0311]

Yeah, it's definitely got to be a "lost in translation" thing... nobody pays the prices he quoted.  Anywhere.  Realize, he said that he stated his costs were $1.40 per Watt... which is why I posted the absurd numbers I did above... clearly nobody is paying that kind of money for electricity.

[dodgecharger]

When considering mining, be sure to take into account the increasing difficulty. Any hashing power you purchase now will be a smaller slice of the pie in a year, so a high discount rate, and/or decaying revenue can make the option much less attractive.

[philipma1957]

When considering mining, be sure to take into account the increasing difficulty. Any hashing power you purchase now will be a smaller slice of the pie in a year, so a high discount rate, and/or decaying revenue can make the option much less attractive.

less important but still a factor .


when we did 20% every 2 weeks for about 1.5 years this was really true.

this will NEVER happen under current conditions.


In order for it to happen we need a chip to do 0.01 watts  vs current best of .31 watts .

Another way for it to happen would be BTC price goes up up up  this problem  does raise the diff fast but since the coins go up  you still make money.