Investing to Bitcoins

[Jessehola]

Please open up this bitcoin thing for me.
If i invest 7000$ to mine, like. The TerraMiner
It makes about 1.1btc/day so i can get 350$(@themoment)x 21(days) that estamated 7500$
So three weeks i can make the machines money back and electric bill too?
Am i correct?

[VirosaGITS]

Please open up this bitcoin thing for me.
If i invest 7000$ to mine, like. The TerraMiner
It makes about 1.1btc/day so i can get 350$(@themoment)x 21(days) that estamated 7500$
So three weeks i can make the machines money back and electric bill too?
Am i correct?

Hmm no. Not sure what math you're doing, lay it out please. A single TerraMiner is not going to do this, you would need tons.

Lets do the math with something more tangible;

20 S5 if you get them really cheap and the PSU's and somehow dont have to pay shipping or anything like. You would have 23THs+, maybe 4.5ish BTC per MONTH(and then less and less as time go) and have to pay almost 1000USD per month of electricity per month at 0.1$/kWh.

You could get 3 S7, get like 14TH/s, make almost 3BTC per MONTH, pay 240$ in electricity.

If you see any deal that are very different from this, you are getting scammed.

[Amph]

terraminer are cointerra stuff with 2 tera each, they generate a ridiculous 0.014 or around that, you will never roi, if we factor electricity

right now if your bills cost is not low enough(below 10 cent or even better below 5) it's better to go with the s7, which should cost less, because the price of bitcoin is higher now

[Jessehola]

Please open up this bitcoin thing for me.
If i invest 7000$ to mine, like. The TerraMiner
It makes about 1.1btc/day so i can get 350$(@themoment)x 21(days) that estamated 7500$
So three weeks i can make the machines money back and electric bill too?
Am i correct?

Hmm no. Not sure what math you're doing, lay it out please. A single TerraMiner is not going to do this, you would need tons.

Lets do the math with something more tangible;

20 S5 if you get them really cheap and the PSU's and somehow dont have to pay shipping or anything like. You would have 23THs+, maybe 4.5ish BTC per MONTH(and then less and less as time go) and have to pay almost 1000USD per month of electricity per month at 0.1$/kWh.

You could get 3 S7, get like 14TH/s, make almost 3BTC per MONTH, pay 240$ in electricity.

If you see any deal that are very different from this, you are getting scammed.

Thank you! This is new thing for me and i am trying to get into this bitcoin thing. Is there an actually way to make profit off bitcoin?

[kusumadewi]

Please open up this bitcoin thing for me.
If i invest 7000$ to mine, like. The TerraMiner
It makes about 1.1btc/day so i can get 350$(@themoment)x 21(days) that estamated 7500$
So three weeks i can make the machines money back and electric bill too?
Am i correct?

its really hard for you to get ROI, because mining is currently not very profitable.
Just find another way to invest your bitcoin

[VirosaGITS]

Please open up this bitcoin thing for me.
If i invest 7000$ to mine, like. The TerraMiner
It makes about 1.1btc/day so i can get 350$(@themoment)x 21(days) that estamated 7500$
So three weeks i can make the machines money back and electric bill too?
Am i correct?

Hmm no. Not sure what math you're doing, lay it out please. A single TerraMiner is not going to do this, you would need tons.

Lets do the math with something more tangible;

20 S5 if you get them really cheap and the PSU's and somehow dont have to pay shipping or anything like. You would have 23THs+, maybe 4.5ish BTC per MONTH(and then less and less as time go) and have to pay almost 1000USD per month of electricity per month at 0.1$/kWh.

You could get 3 S7, get like 14TH/s, make almost 3BTC per MONTH, pay 240$ in electricity.

If you see any deal that are very different from this, you are getting scammed.

Thank you! This is new thing for me and i am trying to get into this bitcoin thing. Is there an actually way to make profit off bitcoin?

There is absolutely ways to make Profit off Bitcoin. Many people with high electricity costs will tell you otherwise. 0.1 or higher is expensive. What is yours? And then i/we can easily tell you if there is a way for you to mine at home. If you can't, you can find hosting in countries with very cheap electricity, if you don't mind going that way.

If you find a legit way to get "free" electricity, you're set as well.

[foxkyu]

Thank you! This is new thing for me and i am trying to get into this bitcoin thing. Is there an actually way to make profit off bitcoin?

Trading bitcoin now, is very fun. You can make a good profit with current bitcoin which very fluctuate.

In the last 2 days, bitcoin price is like roller coaster.

[yurinov]

the math you are doing is wrong, if mining was this profitable we would all be doing it with only $7k investment!

[zodiac3011]

Something is not right... if you have free electricity, you can make some profit because tera thing just make a little less than S7 so yeah... 1.1btc per day? Not sure

[Slark]

Op, you can use this tool to compare your stats, electricity cost vs cost of miners and their hash power:
https://bitcoinwisdom.com/bitcoin/calculator

[odolvlobo]

Currently, in order to receive 1.1 BTC in revenue per day, you must have at least 160 TH/s.

[Amph]

Currently, in order to receive 1.1 BTC in revenue per day, you must have at least 160 TH/s.

which is very profitable if you had the initial money for the big investments

will generate a net of around $300 per day, but you need to invest 200 btc at first...

[SebastianJu]

Please open up this bitcoin thing for me.
If i invest 7000$ to mine, like. The TerraMiner
It makes about 1.1btc/day so i can get 350$(@themoment)x 21(days) that estamated 7500$
So three weeks i can make the machines money back and electric bill too?
Am i correct?

Check out this website: https://tradeblock.com/bitcoin/mining/

Most newbies in mining make a failure investing because they don't know that there is a thing called difficulty which leads to being harder and harder to make a profit. If you don't get your investment back in the first 2 to 3 months then you won't make it back. The calculator can safe you from wrongly investing.