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Author Topic: What threshold of investment makes going into bitcoin mining "profitable"?  (Read 464 times)
plorph
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December 28, 2015, 09:35:42 AM
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I'm interested in mining bitcoin, and curious if it could be profitable. I would love to support the network and run a mining operation. At what threshold of initial investment does it become worth it? That would be including everthing such as warehouse/storage costs, energy costs, etc. Thanks!

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December 28, 2015, 11:32:47 AM
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i would simply go witht he s7, less space needed less electricity wasted less psu needed, for a big farm you need to go massively with the antminer s7 there are no real option

if you have problem in the future reaching roi due to diff increasing too fast, then you simply sell, but with the same electricity of the big farm you will not have this problem, otherwise it mean that every farm out there will be screwed..
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December 28, 2015, 01:13:59 PM
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I'm interested in mining bitcoin, and curious if it could be profitable. I would love to support the network and run a mining operation. At what threshold of initial investment does it become worth it? That would be including everthing such as warehouse/storage costs, energy costs, etc. Thanks!


getting your power costs under 6 or 7 cents per kwatt is really important.

So this may mean looking out of your local area to find a place with cheap power.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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December 29, 2015, 08:42:30 AM
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Right now, it's almost entirely about "do you have VERY VERY CHEAP electric rates" to see any profit out of a new Bitcoin mining setup.

 6-7 cents/KWH is NOT "VERY VERY CHEAP". Aim for at least under 5 for any prayer of profit, and 3 or less for a decent chance at a positive ROI on any unit currently available.

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