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 Author Topic: How Much Power to mine 1 Btc a day.  (Read 11462 times)
RishabhTegra
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 April 06, 2016, 05:43:32 PM

i wanna know: How Much Power to mine 1 Btc a day.
in hashing power.
Thank you
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Amph
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 April 06, 2016, 06:01:00 PM

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
~Bitcoin~
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 April 06, 2016, 06:21:12 PM

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
Oh is that calculation for s7 correct? i calculated it will be only 182\$ electric bill here for 84kw/h power for 24 hour so profit will be 420-182\$ = 237 around.

If this is true i should try with one s7.

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Amph
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 April 06, 2016, 06:32:19 PM

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
Oh is that calculation for s7 correct? i calculated it will be only 182\$ electric bill here for 84kw/h power for 24 hour so profit will be 420-182\$ = 237 around.

If this is true i should try with one s7.

yes 1 s7 is 0.014 btc daily with 1200w per hour, so you need 84kw per hour to sustain 70 of those

currently gpu are far better by a ratio of 4:1
Yakamoto
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 April 06, 2016, 07:20:29 PM

It all comes down to the miner you're using and how efficient it is (and luck somewhat).

Assuming you have some of the top-tier miners, it can be nearly 90 or 100 kwh. Having multiple miners amplifies this number (as you should be able to guess).
DannyHamilton
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 April 06, 2016, 07:28:48 PM

in hashing power.
Thank you

At current difficulty?

Approximately 359880210000000 hash per second for the entire day.  That's 359.88 terahash per second for 86400 seconds.

That's a total of about 31093650000000000000 hashes (31.094 exahash) calculated per 1 BTC generated.

Take the number of hashes you are able to generate per second and divide 31093650000000000000 by that number of hashes.  The result is the approximate number of seconds it will take you to generate 1 BTC.

Take the number of seconds you want to spend generating 1 BTC and divide 31093650000000000000 by that number of seconds.  The result is the approximate hash rate (hashes per second) that you need to have if you want to generate bitcoins that fast.

spendabit
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 April 06, 2016, 10:20:39 PM

in hashing power.
Thank you

At current difficulty?

Approximately 359880210000000 hash per second for the entire day.  That's 359.88 terahash per second for 86400 seconds.

That's a total of about 31093650000000000000 hashes (31.094 exahash) calculated per 1 BTC generated.

Take the number of hashes you are able to generate per second and divide 31093650000000000000 by that number of hashes.  The result is the approximate number of seconds it will take you to generate 1 BTC.

Take the number of seconds you want to spend generating 1 BTC and divide 31093650000000000000 by that number of seconds.  The result is the approximate hash rate (hashes per second) that you need to have if you want to generate bitcoins that fast.

That's gigantic. Is this even achievable outside of a mine farm?

npredtorch
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 April 06, 2016, 11:01:43 PM

in hashing power.
Thank you

At current difficulty?

Approximately 359880210000000 hash per second for the entire day.  That's 359.88 terahash per second for 86400 seconds.

That's a total of about 31093650000000000000 hashes (31.094 exahash) calculated per 1 BTC generated.

Take the number of hashes you are able to generate per second and divide 31093650000000000000 by that number of hashes.  The result is the approximate number of seconds it will take you to generate 1 BTC.

Take the number of seconds you want to spend generating 1 BTC and divide 31093650000000000000 by that number of seconds.  The result is the approximate hash rate (hashes per second) that you need to have if you want to generate bitcoins that fast.

Numberss.. Math lol haha. OP , it depends on your hardware that will be using, s7 will do the job if you have enough power/money to bring on first.
RishabhTegra
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 April 07, 2016, 08:34:11 AM

I am setting up a private Bitcoin miner with my few friends.

We are planning to setup a 180Ths power mining rig.
Can we make enough bitcoins in a month.

Amph
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 April 07, 2016, 09:19:05 AM

I am setting up a private Bitcoin miner with my few friends.

We are planning to setup a 180Ths power mining rig.
Can we make enough bitcoins in a month.

according to the caluclators you would earn 0.54 btc per month, minus electricity, it's all about electricity and initial investments
amacar2
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 April 07, 2016, 09:41:09 AM

From here: http://www.amazon.com/Antminer-~4-73TH-25W-Bitcoin-Miner/dp/B014OGCP6W
It cost around 900\$+ to setup a mining with one antminer s7 and we will earn 0.014BTC = around 6\$ per day - 2\$ for electricity bill = 4\$ profit in a day so it will take more than 200 days to get our investment back which will be soon 400 days after halving.

Feels quite not-profitable.

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RishabhTegra
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 April 07, 2016, 11:27:53 AM

I am setting up a private Bitcoin miner with my few friends.

We are planning to setup a 180Ths power mining rig.
Can we make enough bitcoins in a month.

according to the caluclators you would earn 0.54 btc per month, minus electricity, it's all about electricity and initial investments

what the fuck!!!!!
only 0.54 btc per month.

hardware cost is all alone 45,000\$ worth!

Lol, we will end up i huge loss.
5h4do3
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 April 07, 2016, 12:04:49 PM

I am setting up a private Bitcoin miner with my few friends.

We are planning to setup a 180Ths power mining rig.
Can we make enough bitcoins in a month.

according to the caluclators you would earn 0.54 btc per month, minus electricity, it's all about electricity and initial investments

what the fuck!!!!!
only 0.54 btc per month.

hardware cost is all alone 45,000\$ worth!

Lol, we will end up i huge loss.

4,73th = 0.014 btc per day before electricity

so 180th = 38 x S7 = 0.53btc PER DAY before electricity
15.96 per month of 30days

enjoy

notlist3d
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 April 07, 2016, 01:16:08 PM

I am setting up a private Bitcoin miner with my few friends.

We are planning to setup a 180Ths power mining rig.
Can we make enough bitcoins in a month.

according to the caluclators you would earn 0.54 btc per month, minus electricity, it's all about electricity and initial investments

what the fuck!!!!!
only 0.54 btc per month.

hardware cost is all alone 45,000\$ worth!

Lol, we will end up i huge loss.

4,73th = 0.014 btc per day before electricity

so 180th = 38 x S7 = 0.53btc PER DAY before electricity
15.96 per month of 30days

enjoy

We really need to see a electricity price but yes to mine 1 BTC in a day is a massive amount of gear at this point.  You have to think about it 1 BTC a day your talking about 6 figure amount of USD being mined.

I personally would be afraid in current market to throw down enough for 1 BTC a day.  And don't forget difficulty changes that will make a BIG change overtime.  1 BTC being mined will not be near the same in a few months.
RishabhTegra
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 April 07, 2016, 02:45:15 PM

Hmm.

Gotta work more time on research as i am not an expert.
I can only invest in term of capital.

Well, thank you all guyz.
Stay safe.
notlist3d
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 April 07, 2016, 03:33:03 PM

Hmm.

Gotta work more time on research as i am not an expert.
I can only invest in term of capital.

Well, thank you all guyz.
Stay safe.

Best of luck honestly your looking at starting to big.  I would look at smaller investments.  Possibly buy a bitcoin or two and try holding.    It is a good way to start with not a ton of risk if you don't go crazy.

Mining takes a LOT more research on big scale, and no profit is guaranteed.  So is high risk high reward type of business.
Amph
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 April 08, 2016, 06:07:15 AM

I am setting up a private Bitcoin miner with my few friends.

We are planning to setup a 180Ths power mining rig.
Can we make enough bitcoins in a month.

according to the caluclators you would earn 0.54 btc per month, minus electricity, it's all about electricity and initial investments

what the fuck!!!!!
only 0.54 btc per month.

hardware cost is all alone 45,000\$ worth!

Lol, we will end up i huge loss.

45k seems expensive, you cna find 1 s7 at \$600, so this is almost 5 tera at \$600, this mean that 180 tera will cost you \$21600 and not 45k
RishabhTegra
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 April 11, 2016, 01:05:21 PM

I am setting up a private Bitcoin miner with my few friends.

We are planning to setup a 180Ths power mining rig.
Can we make enough bitcoins in a month.

according to the caluclators you would earn 0.54 btc per month, minus electricity, it's all about electricity and initial investments

what the fuck!!!!!
only 0.54 btc per month.

hardware cost is all alone 45,000\$ worth!

Lol, we will end up i huge loss.

45k seems expensive, you cna find 1 s7 at \$600, so this is almost 5 tera at \$600, this mean that 180 tera will cost you \$21600 and not 45k

45,000\$ includes all the machine cost and maintenance plus other few charges.
Amph
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 April 12, 2016, 05:57:09 AM

I am setting up a private Bitcoin miner with my few friends.

We are planning to setup a 180Ths power mining rig.
Can we make enough bitcoins in a month.

according to the caluclators you would earn 0.54 btc per month, minus electricity, it's all about electricity and initial investments

what the fuck!!!!!
only 0.54 btc per month.

hardware cost is all alone 45,000\$ worth!

Lol, we will end up i huge loss.

45k seems expensive, you cna find 1 s7 at \$600, so this is almost 5 tera at \$600, this mean that 180 tera will cost you \$21600 and not 45k

45,000\$ includes all the machine cost and maintenance plus other few charges.

still you payed almost 24k more just for maintanance and other random stuff that will not help you in the mining activity, you basically doubled your roi time, bad investment for me
Quartx
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Becoming legend, but I took merit to the knee :(

 April 12, 2016, 11:02:17 AM

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

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