Hey guys, I'm new to this forum, and to bitcoin mining.
I order an Antminer S1 to set-up just so I can gain some more experience with mining, didn't want to spend a lot of money and end up screwing something up.
I paid $117 for the unit. I also bought the WiFi adapter kit because I don't plan on having my unit right next to the router, that cost $10. And finally a Corsair 430x as my PSU for $20. That means I've invested $147, don't worry I'm keeping track of all of this on an Excel spreadsheet.
According to my calculations, I should break even in about 3 months based on the current value of bitcoin as well as the cost of electricity. Of course those factors are not fixed and are variable, which is why it is virtually impossible for me to predict a time period to break even. Also if my machine stops functioning that would be a variable factor.
The reason I'm posting this is to ask if there's any advice? I plan on joining a mining pool and am not sure which one would be the best for me.
Thanks!
As many do and so do I join in to the slush,I would suggest personally too.And best of luck generating some decent profit out of your mining game.And also adding some more warrior (rigs)into your mining game
