How many bitcoins do you have to sell to make a living?

[jt byte]

Is it even possible to make a living by selling bitcoins?

yes it is possible if you can sell 20 bitcoins per month but the question is how you can get them?

why 20, 1 btc is 240, with 4 btc you can already have a decent life, if you can afford those every month

3 antminers s7 can do(almost) this if electricity is 0

What is the estimated earning of a antminer s7?
More than 1BTC a month i think is good enough, since it cost more than 8BTC including the PSU.
But in less than 10 months there will be a halving does it affect directly the mining earnings?

[virtualx]

Is it even possible to make a living by selling bitcoins?

Yes, if you make enough btc online, but it's similar to running a business. You need an effective method to get that much bitcoins.

[gentlemand]

What is the estimated earning of a antminer s7?
More than 1BTC a month i think is good enough, since it cost more than 8BTC including the PSU.
But in less than 10 months there will be a halving does it affect directly the mining earnings?

Yup you get half the coins.

You can check a miner's potential profit here - http://www.coinwarz.com/calculators/bitcoin-mining-calculator

I thought we were long past the phase it was considered viable for the little guy.

[Ninjahitoko]

Well, I'm not talking about mining here.
Also how much can you make on localbitcoins?
Because it has more traders and greater competition.

[jt byte]

What is the estimated earning of a antminer s7?
More than 1BTC a month i think is good enough, since it cost more than 8BTC including the PSU.
But in less than 10 months there will be a halving does it affect directly the mining earnings?

Yup you get half the coins.

You can check a miner's potential profit here - http://www.coinwarz.com/calculators/bitcoin-mining-calculator

I thought we were long past the phase it was considered viable for the little guy.

I calculated that if at the moment you can earn around 1.2BTC monthly -0.2BTC i speculate the electricity so 1BTC monthly.
In 8 months you can reach the ROI if you mine 24/7, so until the next halving you can earn 2BTC + selling the antminer s7 as a bonus if you want to leave at that moment, so i can think that you can make a living if you own many of these miners and have a stable electricity.

[monbux]

What is the estimated earning of a antminer s7?
More than 1BTC a month i think is good enough, since it cost more than 8BTC including the PSU.
But in less than 10 months there will be a halving does it affect directly the mining earnings?

Yup you get half the coins.

You can check a miner's potential profit here - http://www.coinwarz.com/calculators/bitcoin-mining-calculator

I thought we were long past the phase it was considered viable for the little guy.

I calculated that if at the moment you can earn around 1.2BTC monthly -0.2BTC i speculate the electricity so 1BTC monthly.
In 8 months you can reach the ROI if you mine 24/7, so until the next halving you can earn 2BTC + selling the antminer s7 as a bonus if you want to leave at that moment, so i can think that you can make a living if you own many of these miners and have a stable electricity.

And what if a new miner comes out before then that completely crushes the s7 in efficiency?  What if your miners break?  These are all possibilities you'll have to consider.  A huge risr in difficulty making the mining calculations incorrect would not be unheard of.

[Emerge]

In my country, you'd need to sell at least 1.5BTC a day to make a good enough living
ASSUMING you already have a house and pay around 3BTC per month for bills, 0.5BTC every day for food
0.3BTC for entertainment purposes, and maybe 1BTC a month for health insurance lol.

So yeah, as long as you have a good long stream of Bitcoin,
and a house here in the Philippines -- You can live here on Bitcoin

[Anmol_Verma]

I dont sell bitcoins to make living instead i buy bitcoins from my salary.

[BlackPanda]

I dont sell bitcoins to make living instead i buy bitcoins from my salary.

and you sell Bitcoins for what? to get a better life instead. and bitcoin is not only to be saved   

[xinzark]

Is it even possible to make a living by selling bitcoins?

Yes it is if you are able to earn a decent amount of bitcoins a month
For a middle - class family of size 4, BTC1 bitcoin might be enough to stay, live and eat
And thats in my country. Can't tell about others

[pooya87]

making a living from bitcoin, depends completely on you and what you are planning on doing in order to earn bitcoin. in other words it depends on the job you are doing!
for example if you are planning on working faucets, gambling, and other silly ways to earn bitcoin; then you should not expect to "earn a living" through that.
but you can make good money through other ways like online computer jobs like coding, graphical design, etc and thing in that category or even trading can be profitable.

[elmar01]

Is it even possible to make a living by selling bitcoins?

It should be possible. How many BTC, it depends actually. First you need to consider the country that you're in, why? Because you need to know the demands of bitcoins in the area, the popularity (is it well known), and etc.

Making a living thru bitcoin is a bit risky unless you have a service, goods, or currency exchange then I guess you're good to go. You need to keep the bitcoin flowing to make a living out of it.

[Amph]

Is it even possible to make a living by selling bitcoins?

yes it is possible if you can sell 20 bitcoins per month but the question is how you can get them?

why 20, 1 btc is 240, with 4 btc you can already have a decent life, if you can afford those every month

3 antminers s7 can do(almost) this if electricity is 0

I would be very interested if you can show me where I can get 4BTC/month for literally free.
Same goes for S7 and free electricity.

well not free you need to invest your time at least, like in real life with your real job

there are some guy around the word getting free electricity maybe abusively, but there are...

And what if a new miner comes out before then that completely crushes the s7 in efficiency?  What if your miners break?  These are all possibilities you'll have to consider.  A huge risr in difficulty making the mining calculations incorrect would not be unheard of.

that's why you sell it halfway through its roi, which would be a mere 4-5 months, i highly doubt that something more efficient will come in a such short time frame...

[notlist3d]

Well, I'm not talking about mining here.
Also how much can you make on localbitcoins?
Because it has more traders and greater competition.

The margin on Localbitcoins is about 5%-10%, so if you want to make $1000 per month, then you need to sell $10k - $20k worth of bitcoins per month. Depending on where you are, that might be difficult to do.

Even if you can't make a living at it, you can do it as a hobby. I used to sell bitcoins on LocalBitcoins and it was fun meeting all those people getting Bitcoins for the first time. I generally met at Starbucks and the commission paid for my drink an sometimes for lunch.

And the problem again is getting 10-20k worth of BTC.  Legal exchanges following rules likely will stop account if doing this volume, they might ask questions or worse assume selling and lock account where no purchasing depending on exchange.

So you really would have to find a VERY big miner and partner up.   And likely you would have to cut him in on part of it as a big supplier who can do this is few and far between.   And the sad thing is a few bad deals with a scammer could eat up a big chunk of the profit.  When dealing with hundreds of dollars per BTC.   It is risky to say the least.

[jt byte]

What is the estimated earning of a antminer s7?
More than 1BTC a month i think is good enough, since it cost more than 8BTC including the PSU.
But in less than 10 months there will be a halving does it affect directly the mining earnings?

Yup you get half the coins.

You can check a miner's potential profit here - http://www.coinwarz.com/calculators/bitcoin-mining-calculator

I thought we were long past the phase it was considered viable for the little guy.

I calculated that if at the moment you can earn around 1.2BTC monthly -0.2BTC i speculate the electricity so 1BTC monthly.
In 8 months you can reach the ROI if you mine 24/7, so until the next halving you can earn 2BTC + selling the antminer s7 as a bonus if you want to leave at that moment, so i can think that you can make a living if you own many of these miners and have a stable electricity.

And what if a new miner comes out before then that completely crushes the s7 in efficiency?  What if your miners break?  These are all possibilities you'll have to consider.  A huge risr in difficulty making the mining calculations incorrect would not be unheard of.

The best case is that the ROI is within 8 months.
But the worst case can be that the mining rig can be burned by the first day.
Anyway I don't think that any amount of btc selling now will guarantee a good life in future.

[notlist3d]

What is the estimated earning of a antminer s7?
More than 1BTC a month i think is good enough, since it cost more than 8BTC including the PSU.
But in less than 10 months there will be a halving does it affect directly the mining earnings?

Yup you get half the coins.

You can check a miner's potential profit here - http://www.coinwarz.com/calculators/bitcoin-mining-calculator

I thought we were long past the phase it was considered viable for the little guy.

I calculated that if at the moment you can earn around 1.2BTC monthly -0.2BTC i speculate the electricity so 1BTC monthly.
In 8 months you can reach the ROI if you mine 24/7, so until the next halving you can earn 2BTC + selling the antminer s7 as a bonus if you want to leave at that moment, so i can think that you can make a living if you own many of these miners and have a stable electricity.

And what if a new miner comes out before then that completely crushes the s7 in efficiency?  What if your miners break?  These are all possibilities you'll have to consider.  A huge risr in difficulty making the mining calculations incorrect would not be unheard of.

The best case is that the ROI is within 8 months.
But the worst case can be that the mining rig can be burned by the first day.
Anyway I don't think that any amount of btc selling now will guarantee a good life in future.

For ROI use a calculator closer to bitwisdom - https://bitcoinwisdom.com/bitcoin/calculator.  Coinwars is great for getting what it will do today.  But in future there will be difficulty changes.   So coinwars is only good in near future.

When trying to do months down the road you need to include difficulty.   Try it out I think you will like it.

[michietn94]

Is it even possible to make a living by selling bitcoins?

If you have enough bitcoin's value, you can make more than enough to living even survive with bitcoin

I dont sell bitcoins to make living instead i buy bitcoins from my salary.

Seems that you're investing into bitcoin. Just becareful that bitcoin's value still fragile

[bering]

Is it even possible to make a living by selling bitcoins?

i think it really possible but the questions is how much bitcoin would you need to make a living

[RodeoX]

I live off of bitcoin, but I have never sold one. I don't get this question? It's like asking how many Euros do you need to sell to make a living.

[vendetahome]

it is possible to make a living by selling bitcoins if you have a lot of them for example if you win a huge lottery you can easily sell it all and live from those money for a few months for sure