Hi guys new to forum but long time holder/user/believer of btc.
New to mining and trying to get a good understanding of the mining world at the moment - digest the numbers
to see if this could be something I could add to my income on a realistic level.
I've got a work shed just beggin for loud fans!
It seems machine Fomo is on! Ebay wow! Those numbers don't make sense to me.(if your buying more than one)
(Yeh sorry, another schlep in the frey. I'm all set up to do battle
on blokforge and the likes.)
But I'm def easin in slowly.
Would it be possible to discuss some real world numbers?
If a few of you experienced guys would be so kind to share your experience and two cents I'm
sure it would be appreciated by many. and newbies - what is your take also?
so IMO (just an opinion) at the moment with btc looking like a 6-8k target on the weekly
(not that I'm wishing for that)
Keeping it simple I've done calculations like this based on owning one machine - worst case:
Cost: $3500
Hash Rate: 12,000
Watts: 1500
$/kw .12 (my elec costs)
Difficulty: 24 (yes it's at 18 now)
Block Reward 12.5
Btc price: 6k
Pool 2%
Roi: 1226 days
After elec the calculator says $7 per day and $85 profit per month and so on. "Coinwarz"
How accurate are these online calculators in the real world? (consider the space already built out with no
overhead just elec, a scenario where the machine runs with no repairs needed)
Is this as simple as plug and play? - well.... you know what I mean.
Can I really expect to plug say (one) s9 in and
start making (based on the obvious overhead factors pertaining to me, elec, etc...) 10-20 dollars a day?
Or at this level is it more of a break even hobby for tinkerers that love to tinker?
And perhaps is there a target number of GH/s everyone at home tries to achieve overall (total machine count etc...)
to make this a worth while endeavor?
Thanks for your time and reply's here. It means a lot to newbs like me! Hope this isn't to long for the forum