Is it cheaper to mine bitcoins or pay with cash?

[fp]

If I buy a 2 TH/s miner, what is that going to cost me every month in electricity bills with 24/7 usage if it uses 1600W? Around Rs. 5000-6000?

[dashingriddler]

1600W means 1.6KW per hour.
Meaning 38.4KW per day and hence 1152KW per month.
Um so, if we consider every KW is about 7 INR, it would come to about 8000 INR.

But you also need to consider the air conditioning which could cost you another 1500-3000 INR per month depending upon your room size.

[fp]

I already have 24/7 air conditioning in my office so that is not an issue. I was looking for a miner that uses liquid cooling. 8000 a month for running a miner sounds reasonable. Will I be able to mine atleast 0.5 BTC a month with 1.6 TH/s? I was wondering if I spend about 200000 for such a miner if i'll be able to mine atleast 10 BTCs in a few months. I'm not sure which Bitcoin calculator is reliable. I'm willing the take the risk of BTC prices dropping further.

[dashingriddler]

If you have an already air conditioned office and hence no extra rent to be paid, mining may not be a bad idea. Estimating how many bitcoins you will eventually be able to mine will involve a lot of uncertain factors like network difficulty. Mining has been a risky business since at least start of 2013 already so you will have to take your call.

On the other end if you do not have the financial ability to hold bitcoin just in case if the btc prices dropped, then mining is not for you !

[fp]

Hm, I thought the increase in difficulty was fairly predictable. I'm looking at the CoinTerra miner at https://cointerra.com/product/terraminer-iv-1-6-ths-bitcoin-miner/ which uses 4U space which is perfect for my rack.

Anyone here can share some information about how many bitcoins you're able to mine in a month and what hashing power you have?

I'm thinking about choosing between two options with which I ultimately want a small reserve of cash and bitcoins to be able to start an automated exchange service.

1) Spend 10% of my income every month and buy some bitcoins and keep it
2) Spend a large amount now and mine little over time.

[dashingriddler]

Hm, I thought the increase in difficulty was fairly predictable. I'm looking at the CoinTerra miner at https://cointerra.com/product/terraminer-iv-1-6-ths-bitcoin-miner/ which uses 4U space which is perfect for my rack.

Anyone here can share some information about how many bitcoins you're able to mine in a month and what hashing power you have?

I'm thinking about choosing between two options with which I ultimately want a small reserve of cash and bitcoins to be able to start an automated exchange service.

1) Spend 10% of my income every month and buy some bitcoins and keep it
2) Spend a large amount now and mine little over time.

Fairly predictable as long as a new strong player or new strong technology arises. In lifetime of a miner (which will usually be 8-12 months where it will be able to cover its on going expenses), it is possible that this could happen which could make your calculations go wrong.

Practically 0.0375 btc per TH/s per day is what you can earn right now.