Hello everyone,
I am new to this forum and i need help about setting up my bitcoin mining company.. i will like to work with bitcoin pool but i dont know how ro go all about this.. i know that i need machine antminer s9 and computer connected with internet and electricity but i dont know how many lf rhis equipment i will need to start generating $1000 everyday. I am young entrepreneur. I am ready to go for training about this. I am presently in france.. pls help one in the house to help my dream.
THE most important factor: what's your electricty price in cent/Kwu...
Personally, i'm also from the EU, and i can tell you that the price i'm paying for my power doesn't allow me to mine at all (i'm basically losing money as soon as i would start up an ASIC, even the latest generation).
One single S9, running in a datacenter where you only pay $0.05/Kwu (this is very cheap!!!) will earn you ~6€ in profit a day, at current diff, block reward and BTC price:
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=14000.00&p=1472.00&pc=0.05&pf=1.00&d=392963262344.37000000&r=12.50000000&er=905.27000000&hc=0.00So, in order for you to make 1000€/day, you would need at least 167 antminer S9's... But since they're prone to hardware defects, and the diff is rising really fast, you'd have to buy at least 180-190 S9's in order to be sure you'll make about 1000€/day for a couple of months (after this, the diff might have risen so badly you cannot even make 1000€/day with your hardware anymore)
180 S9's will set you back 351350€. I didn't include any discounts, because an S9 from china will also cost you a lot shipping, handling and custom fees. So I assumed that the discount you'd get would be cancelled out by the french customs and DHL costs. Also, PSU's are not included...
Your antminers would draw 265.000 Watt (that's 0.265 MegaWatt), so they'll also produce a lot of heat, they'll need their own network infrastructure and you'll need professional shelving...
I have no idear what the real setup cost would be, but you'd basically need to rent serverroom space, since a domestic hoursehold wouldn't be able to house so much machines, power them, cool them, secure them while making sure the network is OK... I wouldn't be supprised your real startup cost would be close to half a million euro if you want to make €1000/day.
Offcourse, if you pay less than 5 cents/Kwu, the numbers are a little bit better... If you pay more, it gets worse.
But, in the end, even in the most unrealistically positive situation where you'd setup your own pool (0% pool fee), never had a single hardware failure, no diff rises and have free power (don't know where you would find it tough), your antminer would only make you around 7,5€/day:
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=14000.00&p=1472.00&pc=0.00&pf=0.00&d=392963262344.37000000&r=12.50000000&er=905.27000000&hc=0.00So in this, nonexisting, utopian, situation, you'd still need at least 134 S9's, costing you 262.000€ in hardware costs alone
