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Author Topic: How Much Power to mine 1 Btc a day.  (Read 10716 times)
notlist3d
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April 12, 2016, 04:05:24 PM
 #21

Listen to the others, it is NOT a good investment especially with the upcoming halfing which i am sure will lower prices of current equipment + potential more efficient miners coming out soon

Its hard it depends so much on electricity price, also things that we cannot speculate well.  If bitcoin takes a decent jump up... might be a good bet.  If stays same or goes down... yes even worse.

So we can speculate all we want but I feel it really falls on electricity price currently, as S7 are pretty darn cheap.  And next gen I'm guessing will be quite a bit higher to buy.
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Raja_MBZ
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April 12, 2016, 04:16:30 PM
 #22

it depend, with asic, you need 70 s7 antminer, which is 1200w per 70 = 84kw/h

with gpu one rig of six gpu consuming 1kw earn you 0.05 so 20kw/h

That calculation seems pretty nice to me too, as electricity is not so expensive in my country either. Can I try 17 S7 miners for 0.25 BTC daily?

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alh
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April 12, 2016, 10:02:24 PM
 #23

it depend, with asic, you need 70 s7 antminer, which is 1200w per 70 = 84kw/h

with gpu one rig of six gpu consuming 1kw earn you 0.05 so 20kw/h

That calculation seems pretty nice to me too, as electricity is not so expensive in my country either. Can I try 17 S7 miners for 0.25 BTC daily?

Add one more S7 in about 2 days to try and keep your rate at .25BTC/day. Add four S7's if you are running seventy to make one BTC/day.
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April 13, 2016, 05:54:39 AM
 #24

it depend, with asic, you need 70 s7 antminer, which is 1200w per 70 = 84kw/h

with gpu one rig of six gpu consuming 1kw earn you 0.05 so 20kw/h

That calculation seems pretty nice to me too, as electricity is not so expensive in my country either. Can I try 17 S7 miners for 0.25 BTC daily?

not true anymore for gpu, now it's 0.036, instead the s7 as maintained its earning, but still the difference is huge in terms of electricity

you cna try what you want but you need cheap electricity, or that calculations is useless
RishabhTegra
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April 25, 2016, 02:39:21 PM
 #25

nope! i only invested 2400$ in total.
Total project worth is 45000$ between 42 members.
Still thanks for your reviews. Cheers.
Korbman
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April 25, 2016, 04:07:55 PM
 #26

Don't forget the most important piece out of all of this: the reward drop. We've got about 3 months before we go from earning BTC25 per block down to BTC12.5. Whatever your calculated revenue comes out to be, plan your operations around cutting it in half.

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May 02, 2016, 03:04:16 PM
 #27

Don't forget the most important piece out of all of this: the reward drop. We've got about 3 months before we go from earning BTC25 per block down to BTC12.5. Whatever your calculated revenue comes out to be, plan your operations around cutting it in half.

Well Said  Grin 78 Days and then Bam...Rock On

The Early Bird catches The Worm
mindrust
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May 02, 2016, 04:13:14 PM
 #28

Forget about mining, it's got out of home users hands.

Buying antminers alone costs a fortune and you don't know if you ll be able to sell them at a decent price in the future.

Companies got their electricity cheaper and you lost against them before you even start.
alh
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May 02, 2016, 04:27:24 PM
 #29

Guyz do u wanna join my YouTube channel>

No thank you......
Dinki
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May 06, 2016, 07:35:48 PM
 #30

About 40 TeraHash will make 1 btc a day.

alh
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May 06, 2016, 08:12:32 PM
 #31

About 40 TeraHash will make 1 btc a day.

I am not seeing this at all. Is there a chance you missed a zero? Looks to me like 4TH (not 40) produces 0.01126 BTC/day. That suggests that 40TH would be much closer to .1 BTC/day.

I am just using bitcoinwisdom as my simple calculator for this. It also fits with experience with my 3.4TH Avalon 6. That doesn't get anywhere near .1 BTC/day.

I think the more accurate answer is about 400 TH.
notlist3d
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May 06, 2016, 08:56:16 PM
 #32

About 40 TeraHash will make 1 btc a day.

I am not seeing this at all. Is there a chance you missed a zero? Looks to me like 4TH (not 40) produces 0.01126 BTC/day. That suggests that 40TH would be much closer to .1 BTC/day.

I am just using bitcoinwisdom as my simple calculator for this. It also fits with experience with my 3.4TH Avalon 6. That doesn't get anywhere near .1 BTC/day.

I think the more accurate answer is about 400 TH.

It is much closer to the 400TH, it's around 365 TH to get 1.02745126.  And that does not include electricity cost... so to pay electricity 400+ is a pretty fair guess.   People have to remember value is around 461 currently so 365 a year is a little over 168K.

It's pretty unrealistic for most to mine a 6 figure income.   Just is a lot of initial investment, I'm sure there are some that do it.  But it will be few compared to overall amount of miners.
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