Bitcoin Forum
November 19, 2017, 07:43:48 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin mining newbie  (Read 138 times)
radonix
Newbie
*
Offline Offline

Activity: 3


View Profile
October 20, 2017, 10:02:33 PM
 #1

Hi there

I'm from Australia

I'm looking at getting 2x AntMiner S9
they are the most powerful bitcoin mining machines after reviewing a comparison of the available bitcoin mining machines

I'm wondering if anyone has had experience with these machines
I want to know what it's effect on your power bill is
It also says you should use 1400watt psu minimum for these machines yet they sell psus with lower amounts of wattage and hook them up to it? I find that a bit strange.

Im looking at setting up a pool for australia for people with antminer s9's

Useful comments only please

Thanks
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511077428
Hero Member
*
Offline Offline

Posts: 1511077428

View Profile Personal Message (Offline)

Ignore
1511077428
Reply with quote  #2

1511077428
Report to moderator
1511077428
Hero Member
*
Offline Offline

Posts: 1511077428

View Profile Personal Message (Offline)

Ignore
1511077428
Reply with quote  #2

1511077428
Report to moderator
1511077428
Hero Member
*
Offline Offline

Posts: 1511077428

View Profile Personal Message (Offline)

Ignore
1511077428
Reply with quote  #2

1511077428
Report to moderator
asmythirl
Newbie
*
Offline Offline

Activity: 14


View Profile
October 20, 2017, 10:28:36 PM
 #2

Hi,

I am doing some mining since July but i abandoned the route your are looking at i.e. buying your own hardware and running them from home, costing a lot of power etc. The mining i am involved in is cloud mining whereby you invest in a mining platform and take a dividend for letting the mining pool use your investment. There is a good daily return and withdraws are allowed at anytime. Check it out - https://www.youtube.com/watch?v=aBGnziClsjo
Request a free account - https://usitechbtc.usi-tech.info/register

Alternatively if you just want to earn more Bitcoin, Ethereuem or Litecoin then have a look at this platform - https://youtu.be/IUJ8R202Mmw

Hope that helps.

Andrew.
radonix
Newbie
*
Offline Offline

Activity: 3


View Profile
October 20, 2017, 10:52:46 PM
 #3

I've looked at cloud mining but i don't want to invest real money into it.

I feel that bitcoin mining is better.

I just need to figure out what the power drain is thats all are you able to shed some more light on that

The gains for 1 month of bitmining with 1 of the s9 machines is roughly $2.5k AUD a month
Anonylz
Sr. Member
****
Offline Offline

Activity: 465



View Profile
October 20, 2017, 11:25:22 PM
 #4

Dont even think about investing into cloud mining websites, they all are fake and you will only get a huge loss if you get into there. If you have that amount of money, then buy as many rigs as you can, or maybe some antminers for dash or ltc that they are giving a lot of profits right now, and they are less-power consumer, so it is a nice try if you are still a newbie for this kind of investments.
good luck with your mining.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
.ANGEL TOKEN.
[]

                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌
         █        ▀  █▓█▀▀█         █
         ▐█          ▐▄▓░ █▄       █▌
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀
            ▀█▄         ▀█▄▄▄█▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                 ▀▀████████▀▀
player514
Legendary
*
Offline Offline

Activity: 868


View Profile
October 20, 2017, 11:30:26 PM
 #5

Hi there

I'm from Australia

I'm looking at getting 2x AntMiner S9
they are the most powerful bitcoin mining machines after reviewing a comparison of the available bitcoin mining machines

I'm wondering if anyone has had experience with these machines
I want to know what it's effect on your power bill is
It also says you should use 1400watt psu minimum for these machines yet they sell psus with lower amounts of wattage and hook them up to it? I find that a bit strange.

Im looking at setting up a pool for australia for people with antminer s9's

Useful comments only please

Thanks

For a while now, bitcoin mining has become pretty obsolete unless you have a place to store hundreds of mining devices. Don't run into the cloud mining scam either -- most of them don't work. To earn bitcoin, you could start off with investing some of your own cash and putting it in and then trading altcoins. Mining is just not nearly as profitable as it once used to be.

btcprospecter
Full Member
***
Offline Offline

Activity: 210


★777Coin.com★ Fun BTC Casino!


View Profile
October 20, 2017, 11:36:41 PM
 #6

I really don't think it would be that profitable unless you have solar power or free electricity. You can always try and see. You can also sell the s9 s if it does not work out to be profitable.

X7
Hero Member
*****
Offline Offline

Activity: 770


An eye for an eye leaves the whole world blind


View Profile WWW
October 20, 2017, 11:38:34 PM
 #7

Hi there

I'm from Australia

I'm looking at getting 2x AntMiner S9
they are the most powerful bitcoin mining machines after reviewing a comparison of the available bitcoin mining machines

I'm wondering if anyone has had experience with these machines
I want to know what it's effect on your power bill is
It also says you should use 1400watt psu minimum for these machines yet they sell psus with lower amounts of wattage and hook them up to it? I find that a bit strange.

Im looking at setting up a pool for australia for people with antminer s9's

Useful comments only please

Thanks

Mining with 2 AntMiners does not make sense fiscally - you will take an extremely long time to make your investment back. and/or see any ROI - I used to mine take it from me.

Helping to create the world's first loving economy, not something based on fear or greed. Principles of love, abundance, consistency, automation, decentralisation, open source, economic multifunctionality. Scientific analysis will be uploaded to my site shortly for peer review.
Yakamoto
Legendary
*
Offline Offline

Activity: 938


View Profile
October 20, 2017, 11:49:53 PM
 #8

Hi there

I'm from Australia

I'm looking at getting 2x AntMiner S9
they are the most powerful bitcoin mining machines after reviewing a comparison of the available bitcoin mining machines

I'm wondering if anyone has had experience with these machines
I want to know what it's effect on your power bill is
It also says you should use 1400watt psu minimum for these machines yet they sell psus with lower amounts of wattage and hook them up to it? I find that a bit strange.

Im looking at setting up a pool for australia for people with antminer s9's

Useful comments only please

Thanks
Keep in mind that miners generate a lot of heat; I know you're already aware of this but in the event you aren't, I'll assume the place you're in, in Australia, is relatively hot. Make sure to keep the miners cool because the warmer they get the more damage occurs to the internal components past a certain threshold, which would be about 70*C-80*C. Keep this in mind when you are finding out what it is going to cost you to maintain these mining platforms.

As for the effect on the power bill, find the kW usage and multiply that by your kW/h rate, that's the expenses you'll incur. I would recommend joining a pool so that you do get paid enough to cover costs initially, and make your own pool once you know your hashing power is big enough to actually earn some money. Pools are best used when offered without restrictions; often the larger the better.














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
radonix
Newbie
*
Offline Offline

Activity: 3


View Profile
October 20, 2017, 11:50:45 PM
 #9

Ok then why wouldn't I be able to get the 2.5k aud a month with 2 antminer s9's

Can you explain how bitmining works I have yet to find a reasonable explaination im a newbie and the jargon is confusing.

Could you please explain how the bitmining works.

I have a feeling that users with more machines get the results because of some rules im unaware of.

So i obviously need to join a pool Smiley
JL421
Hero Member
*****
Offline Offline

Activity: 560


View Profile
October 22, 2017, 05:40:30 PM
 #10

For bitcoin mining i use antminer for now i purchased it from ebay 6 months ago and so far my electricity bill has been supportive and regarding profit i have really checked my bitcoin address but it should be half way to get investment back. If you want try cloud mining it doesn't require much work

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!