Need help start mining

[Rami84]

I'm newbie in BTC field
I have cheap electricity in my country first 1000 KW price is under 5 cent/KW and from 1001 and more 10 cent/KW
Is it still profitable mining bitcoin?
What is the best hardware to buy?

[1714212185]

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[1714212185]

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[1714212185]

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[1714212185]

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[philipma1957]

I'm newbie in BTC field
I have cheap electricity in my country first 1000 KW price is under 5 cent/KW and from 1001 and more 10 cent/KW
Is it still profitable mining bitcoin?
What is the best hardware to buy?

5 cent power is good.


10 cent power is not so good.


  if you buy 2 s-5's from bitmaintech  they will use 1200 watts at normal speed.  If you run them a little slower you can use 1000 watts.

 I would buy 2 s-5's from their website.


https://www.bitmaintech.com/productDetail.htm?pid=00020150725135246063Xsvs9J9J06AE


you will need a power supply. 

what is your country's  power 120 volts? 240 volts?

[Rami84]

I'm newbie in BTC field
I have cheap electricity in my country first 1000 KW price is under 5 cent/KW and from 1001 and more 10 cent/KW
Is it still profitable mining bitcoin?
What is the best hardware to buy?

5 cent power is good.


10 cent power is not so good.


  if you buy 2 s-5's from bitmaintech  they will use 1200 watts at normal speed.  If you run them a little slower you can use 1000 watts.

 I would buy 2 s-5's from their website.


https://www.bitmaintech.com/productDetail.htm?pid=00020150725135246063Xsvs9J9J06AE


you will need a power supply. 

what is your country's  power 120 volts? 240 volts?

First thanks for your help
Power here is 220 volts

[nonbody]

where exactly are you , because i saw a user selling some s1s and with power that cheap you can afford to run them

[Rami84]

where exactly are you , because i saw a user selling some s1s and with power that cheap you can afford to run them

Egypt

[philipma1957]

where exactly are you , because i saw a user selling some s1s and with power that cheap you can afford to run them

s-1 will not be good at 5 cents a watt

He needs 2 s-5. Or 4 s-3

[spazzdla]

S3, S4 or S5 would all be great.

Bitmain has the S5 on at it's site for pretty cheap, they are used but my Bitmain machines have been kicking it for over a year and a half so it's a solid product.

[Badr]

Great start,
it feels me more than happy to see EGYPTIANS here

as @philipma1957 said, you'll need to use x2 S5.
that would be a cool start.

[notlist3d]

where exactly are you , because i saw a user selling some s1s and with power that cheap you can afford to run them

s-1 will not be good at 5 cents a watt

He needs 2 s-5. Or 4 s-3

If he is going to use old miners and does not mind waiting once S7 drops I expect previous generations to shift some.    Not sure how much they will shift but it will happen.

I know I have been looking at my miners efficiency and kinda starting to plan what my next plan looks like.

[Badr]

where exactly are you , because i saw a user selling some s1s and with power that cheap you can afford to run them

s-1 will not be good at 5 cents a watt

He needs 2 s-5. Or 4 s-3

If he is going to use old miners and does not mind waiting once S7 drops I expect previous generations to shift some.    Not sure how much they will shift but it will happen.

I know I have been looking at my miners efficiency and kinda starting to plan what my next plan looks like.

so when do you expect Bitmain to release S7 ?

[tennozer]

where exactly are you , because i saw a user selling some s1s and with power that cheap you can afford to run them

s-1 will not be good at 5 cents a watt

He needs 2 s-5. Or 4 s-3

If he is going to use old miners and does not mind waiting once S7 drops I expect previous generations to shift some.    Not sure how much they will shift but it will happen.

I know I have been looking at my miners efficiency and kinda starting to plan what my next plan looks like.

so when do you expect Bitmain to release S7 ?

It will expected in september or october.

[Badr]

the point is no one is Sure of the date ..
i was expecting S5+ since April and most opinions was about June, but it released by the end of August.

[notlist3d]

the point is no one is Sure of the date ..
i was expecting S5+ since April and most opinions was about June, but it released by the end of August.

Also BTC is kinda low.  So I'm sure this does not make them in a big hurry.

If anything I would think they would want to mine and hold some and sell when it's hopefully higher.  I would be interested to see how much they hold vs sell.