Don't take a loan for mining equipment. Mining bitcoin is hardly profitable for private persons. Only a professional approach with big investment is profitable.
Hello Mr
I understand thanks for your back
a question?
go how much of $ to have profitable revenue?
Thank you
thank you very much
That's difficult to say. The biggest cost of a mining rig is the electricity bill. What is the price/kWh in Algeria? If it's more than $0,10-0,12/kWh you can forget to make some profit. Then it is almost not possible. All Bitcoin mining companies are in countries with low electricity costs like China ($0,06/kWh)
electricity costs in algeria ($0,04/kWh) what do you think sir
?
We usually discuss only electricity cost with respect to mining. The problem with doing so is that there are many other charges to consider on most if not all electricity bills these days.
Here is a list of variable costs on a typical electricity bill:
electricity (time of use)
distribution charge
transmission charge
loss adjustment (usually a fixed multiplier - mine is 4.8%)
regulatory charges
city, state and or federal VAT or sales tax (anywhere from 0-24%)
metering charges
advanced metering surcharges (if you're
lucky enough to have one of the newer remote controlled meters)
nuclear decommissioning fund charges
there are also fixed charges but that wouldn't affect the cost to mine. My average cost of electricity alone was $0.108/kWh last month but once you add on all the other variable charges it works out to $0.186/kWh and the stated cost of electricity (non-peak) is $0.08/kWh
Be careful when doing your calculations.