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DL1MP1K
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October 15, 2015, 01:17:05 PM
 #1

Hello

I know a bit about bitcoin
I have free electricity. So is it worth mining ? if yes how should I start ?
Thank you
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October 15, 2015, 01:18:17 PM
 #2

Step 1) Buy a bitcoin miner

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bitcoinblog
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October 15, 2015, 01:43:21 PM
 #3

Small miners will not going to give you anything.

And big Hash miners will cost you. Still if you want to mine then go for something over 100 THS if Bitcoin or more then 100MHS if scrypt.

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October 15, 2015, 02:08:22 PM
 #4

Hello

I know a bit about bitcoin
I have free electricity. So is it worth mining ? if yes how should I start ?
Thank you
Yes and how you should start is looking at your budget, once you have figured what you are able to spend comfortably then look at a few other factors.

1.It will put off heat will you and/or your partner be able to live with this?
2.It could be very noisey will you and/or your partner be able to live with this?
3.You have free electric so as much Th/s for as little $ you can get. (Antminer S2's or S4's, Dragon T1's, other older miners with a high hashrate)














 

 

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Sixt5
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October 15, 2015, 04:09:42 PM
 #5

im in the same boat as electricity. if you can deal with the noise and heat then youre golden. im going to do the work for ya since im feeling nice. antminer s3 and the spondoolies sp30 are the best bang for the buck through ebay. your ideal purchase will be cost of the machine / how fast it works.

bad things about these machines:
antminer s3: you need multiple of them to get some speed. i have 9.....
sp30: this sucker is LOUD and puts off some major heat. one will do 4.2ths on 110v.
i have an s5 as well but only cause i got it at a deal. also noisey.
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October 15, 2015, 04:17:38 PM
 #6

im in the same boat as electricity. if you can deal with the noise and heat then youre golden. im going to do the work for ya since im feeling nice. antminer s3 and the spondoolies sp30 are the best bang for the buck through ebay. your ideal purchase will be cost of the machine / how fast it works.

bad things about these machines:
antminer s3: you need multiple of them to get some speed. i have 9.....
sp30: this sucker is LOUD and puts off some major heat. one will do 4.2ths on 110v.
i have an s5 as well but only cause i got it at a deal. also noisey.
I don't know about the Spondoolies series but the Antminer line is very easy to fan mod (especially S5) now S3 is already plenty quiet though.














 

 

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DoubleMyBitcoins
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October 15, 2015, 06:36:41 PM
 #7

wow congrats on free electricity! to what extent do you have that??
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October 15, 2015, 06:44:05 PM
 #8

wow congrats on free electricity! to what extent do you have that??
I personally always assume apartments and it usually is right around that or middle eastern nations where it is covered by the nation .














 

 

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October 15, 2015, 10:39:53 PM
 #9

wow congrats on free electricity! to what extent do you have that??
I personally always assume apartments and it usually is right around that or middle eastern nations where it is covered by the nation .

Actually US has some just few and far between.   If you are not paying for electriciity a renter would normally be more likely to use electricity then if they were paying for it.  

Also student housing a lot pay electricity where there is a max (my last one was 25 dollars extra per person max).  But it was quite pricey as far as apartments go for regular rental fees.
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October 16, 2015, 06:11:52 AM
 #10

Step 1) Buy a bitcoin miner

Step 3)  Profit
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October 16, 2015, 06:22:54 AM
 #11

it depend now how much you're willing to invest, with free electricity buying the s7 would be dull, i would recommend the best cheap miners out there, unless you have problem with space in your room

the s3 should be good enough for this
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October 16, 2015, 06:27:40 AM
 #12

Step 0.5) Check your breakers first, to figure out the amps - having a clue on how much power your miner is allowed to draw is quite good before buying one or a bunch of them (like a S5+ beast).
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October 16, 2015, 07:15:41 AM
 #13

it depend now how much you're willing to invest, with free electricity buying the s7 would be dull, i would recommend the best cheap miners out there, unless you have problem with space in your room

the s3 should be good enough for this

I agree because one the advantages of s7 (and why it costs so much) is the more efficient power consumption than in cheaper models. Since you have free electricity you don't need s7 for 1823 USD. You can buy something much cheaper, some old, maybe even some used miners.

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October 16, 2015, 08:27:57 AM
 #14

it depend now how much you're willing to invest, with free electricity buying the s7 would be dull, i would recommend the best cheap miners out there, unless you have problem with space in your room

the s3 should be good enough for this

I agree because one the advantages of s7 (and why it costs so much) is the more efficient power consumption than in cheaper models. Since you have free electricity you don't need s7 for 1823 USD. You can buy something much cheaper, some old, maybe even some used miners.

If I had free electricity short term I would look at S3's.  If you know it's sold set up more longterm then I would go more for S5's or equivalent of other makers.

Kinda half the point of free electricity if you don't need the most efficient gear.  So wait quite a while before going S7.
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October 16, 2015, 11:07:47 AM
 #15

Hello

I know a bit about bitcoin
I have free electricity. So is it worth mining ? if yes how should I start ?
Thank you

if i had free electricity, i will not have any doubt, i will invest in hardware and try to made a faster ROI, ofc you will need the money to buy the hardware equipment but... it should be compensated soon Wink

do not doubt man, you are one of the lucky guys who still can have good profit with bitcoin+hardware in a small scale.
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October 16, 2015, 06:02:35 PM
 #16

Step 1) Buy a bitcoin miner
and look someone to watch over your mines while in operation, you cant just be a 1 man army and stay awake 24/7

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October 16, 2015, 06:04:51 PM
 #17

If you have free electricity, you have nothing to lose lol.
Mining is definitely worth it!!
START MINING!
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October 16, 2015, 06:16:43 PM
 #18

If you have free electricity, you have nothing to lose lol.
Mining is definitely worth it!!
START MINING!
Nope, buying miners will cost and if OP tried to directly mine bitcoin with low GHs, OP have to wait at least some years  Grin Shocked
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October 16, 2015, 06:24:11 PM
 #19

Well, he has free electricity so he would break even quickly.
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October 16, 2015, 06:26:23 PM
 #20

I mean you have free electricity, you can invest in expensive hardware but you can also use some old machines and everything you get will be profit. Really, it you can buy or get some obsolete PCs (anything you can plug in basically) you will still get some good bits per day I guess right? You will also need some space though.
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