Bitcoin Miner as a job

[BigxMac]

I am a programmer and love programming. It's all I do. My dad wants me to get a job when I turn 16, but I dont want to. I am looking to spend about $1,000 (less if I could) on a miner and I want it to generate about $200 dollars a week on average. I have been looking at the SP20-Jackson miner which would generate about $140 a week and costs $1,190. Anyone have any suggestions on a miner. Thanks in advance!

[jdany]

An SP20 will do around $50 per week.

[sbogovac]

Get a job.

[sbogovac]

An SP20 will do around $50 per week.

His dad will prob. be paying electricity too...

[notlist3d]

I am a programmer and love programming. It's all I do. My dad wants me to get a job when I turn 16, but I dont want to. I am looking to spend about $1,000 (less if I could) on a miner and I want it to generate about $200 dollars a week on average. I have been looking at the SP20-Jackson miner which would generate about $140 a week and costs $1,190. Anyone have any suggestions on a miner. Thanks in advance!

It will take more then that to get 200 a week.  If you treat it as job do ROI with math.   But doing it as job.... lots of capital needed.  1000 is hobby mining.  Nothing wrong with it I love mining, just takes a lot to make a living.

[Soros Shorts]

What kind of job is that? Dust the fan of the SP20 every week? I guess I should say "fans" because at the current difficulty and exchange rate you'd need 4 x SP20s to make $200 a week.

I have about 40TH/s and for me mining is a hobby that has gone a bit out of control, but one set up I don't have to touch my miners. It is not really a job until you get up to the petahash range.

[philipma1957]

I am a programmer and love programming. It's all I do. My dad wants me to get a job when I turn 16, but I dont want to. I am looking to spend about $1,000 (less if I could) on a miner and I want it to generate about $200 dollars a week on average. I have been looking at the SP20-Jackson miner which would generate about $140 a week and costs $1,190. Anyone have any suggestions on a miner. Thanks in advance!

simple math calculator

https://bitcoinwisdom.com/bitcoin/calculator

use  4% diff jumps

use 10 cents a watt

use 2% for pool fee

use 1.7 th for hash rate

use 900 usd for cost

use 1200 watts for power

use 1 btc = 350 usd


you get this for weekly:

[klondike_bar]

What kind of job is that? Dust the fan of the SP20 every week? I guess I should say "fans" because at the current difficulty and exchange rate you'd need 4 x SP20s to make $200 a week.

I have about 40TH/s and for me mining is a hobby that has gone a bit out of control, but one set up I don't have to touch my miners. It is not really a job until you get up to the petahash range.

10TH here - pretty much full agreement. I make about $50/day, or ~3.7BTC in the next month - minus almost $800 in electrical bills ($0.15/kwh), so not very much profit after paying all upfront costs. At this point $1500 in electrical work, and $1200+ in networking gear, PDUs (213V), and power supplies since starting small a year ago.

if you have cheap power where you live (ie: $0.10/kwh or less, it could be worth looking into as an investment. But outside of 5-10hrs of buying, receiving, setting up, and getting it working right, there's not much more work to be done - maybe a few minutes here and there to tweak cooling or reboot - its not a job. Even with 10TH spread across 12+ machines of different brands and styles I only put in 15-30min a week tuning overclock settings or rebooting a troublesome Bitfury unit

[OrangeGator]

Assuming you live at home, and your parents pay for electricity, I suggest you look into cloud mining.  Else they will be pissed when they see the higher electric bills.  With only $1000 to invest, it would be considered just a part time job / hobby.  You should look at mining as a bonus to your regular life / job.

I am heavily invested with LTCgear.  This is cloud mining of LTC, but you can choose to get payouts converted to BTC.  You can get 182.5Mhs of LTC cloud mining for 1 year with no hosting fees for $772. This includes the 8% discount for paying in BTC.  They payout every Friday.  If you order tonight, you would get paid for the full week in tomorrow's payment.  This would be about 29 LTC or 0.29 BTC or $100 at current prices. With a 3% difficulty factor increase, you should ROI in about 10-12 weeks at current prices.  If you do decide to buy, please use my referral link.  http://ltcgear.com/product/asic-share1k83/?apage=271

Good luck.

[OrangeGator]

LTCgear is legit.  I have been with them almost 3 months now, zero issues.  Get payouts weekly directly to my wallet.  LTCgear does not prorate payments when you buy shares.  They take a snapshot of your number of shares on Friday, and pay out based on difficulty over the week.  LTCgear has been in business for over a year now, with many satisfied customers.

learn to math first. 

Then check what & who you believe - pay today & get a full weeks payout tomorrow....? sounds legit


I run 11Th & its NOT enough but then im not 15 yrs old, living at home rent-free & dreaming of having pubes/sex one day.

[xhomerx10]

I am a programmer and love programming. It's all I do. My dad wants me to get a job when I turn 16, but I dont want to. I am looking to spend about $1,000 (less if I could) on a miner and I want it to generate about $200 dollars a week on average. I have been looking at the SP20-Jackson miner which would generate about $140 a week and costs $1,190. Anyone have any suggestions on a miner. Thanks in advance!

 Is this LukeJr?

[Biodom]

I am a programmer and love programming. It's all I do. My dad wants me to get a job when I turn 16, but I dont want to. I am looking to spend about $1,000 (less if I could) on a miner and I want it to generate about $200 dollars a week on average. I have been looking at the SP20-Jackson miner which would generate about $140 a week and costs $1,190. Anyone have any suggestions on a miner. Thanks in advance!

hone these programming skills and focus on bitcoin
https://github.com/jashmenn/bitcoin-reading-list
try to get internship in bitcoin-related company

if you want to play with a miner, get antminer S3 to play around to get a knack of it- you can buy from ebay almost new (it earns little-$50-60/mo and uses ~$30 in electricity at 0.12/kwh). If you go for four S3 miners (they can produce up to $240/mo), cheapest would be to order from Bitmain with coupons ($50 coupons can be had for very little-see marketplace).

[pumawolf]

the chances are ur not gonna roi, but since ur very young and will love to be learning in this industry i assume, u should go buy something not to make money but as a good education towards ur future.  learning how to mine can teach u some money management skills.

[lowbander80]

Need lots of money to be a job and first of all
Low electricity charges

[raskul]

i'm one of the lucky ones with free electric - and a very generous sparky who is going into my unit today to upgrade the phase.

yesterday I was able to run 8TH/s in that unit and tomorrow i'll be able to run twice that (fingers crossed) however, it is in no way a job and for me never will be.
Like so many others, i'm a hobbyist with an obsession which has gone slightly out of control. all the solar panels and whirly-turbines in the world wouldn't move me from being a hobbyist to a full-time miner. I am in a position where I don't need to cash out any of my BTC unless I want to, no overheads, no babysitting rigs and no 'family' troubles telling me to switch off because the electric bill was £0000's this month.

i think that you will find, pretty much as soon as you power on your $1000 miner, you are gonna regret even starting.
you are three years too late. get a job

[ChuckBuck]

I would highly recommend against buying any miner at the age of 15 or 16, especially one as power hungry as the SP20.

Once your Dad sees your electric bill, he's going to fucking kick your ass bruh!  

Just the fact you'll have no ROI in sight for your @$1000 investment should scare you straight.

You'll make more money working at Mickey D's at the age of 16, instead of getting your hiney whipped in by big papa.

[xhomerx10]

I would highly recommend against buying any miner at the age of 15 or 16, especially one as power hungry as the SP20.

Once your Dad sees your electric bill, he's going to fucking kick your ass bruh!  

Just the fact you'll have no ROI in sight for your @$1000 investment should scare you straight.

You'll make more money working at Mickey D's at the age of 16, instead of getting your hiney whipped in by big papa.

 lol  ...and after the ass-kicking, you WILL be getting a job!

[klondike_bar]

LTCgear is legit.  I have been with them almost 3 months now, zero issues.  Get payouts weekly directly to my wallet.  LTCgear does not prorate payments when you buy shares.  They take a snapshot of your number of shares on Friday, and pay out based on difficulty over the week.  LTCgear has been in business for over a year now, with many satisfied customers.

learn to math first. 

Then check what & who you believe - pay today & get a full weeks payout tomorrow....? sounds legit


I run 11Th & its NOT enough but then im not 15 yrs old, living at home rent-free & dreaming of having pubes/sex one day.

You're really trying to sell the shit out of ltc gear aren't you?

Seriously, cloud mining is risky. Its the very definition of the perfect Pontiac scheme - where either difficulty and bitcoin price move in a way you can say 'oh, it's not profitable so contract is over as per the terms' and take any remaining profit, or to simply scamper off with the profit when you are at the peak of accepting new buyers. Watch out.

[notlist3d]

LTCgear is legit.  I have been with them almost 3 months now, zero issues.  Get payouts weekly directly to my wallet.  LTCgear does not prorate payments when you buy shares.  They take a snapshot of your number of shares on Friday, and pay out based on difficulty over the week.  LTCgear has been in business for over a year now, with many satisfied customers.

learn to math first. 

Then check what & who you believe - pay today & get a full weeks payout tomorrow....? sounds legit


I run 11Th & its NOT enough but then im not 15 yrs old, living at home rent-free & dreaming of having pubes/sex one day.

You're really trying to sell the shit out of ltc gear aren't you?

Seriously, cloud mining is risky. Its the very definition of the perfect Pontiac scheme - where either difficulty and bitcoin price move in a way you can say 'oh, it's not profitable so contract is over as per the terms' and take any remaining profit, or to simply scamper off with the profit when you are at the peak of accepting new buyers. Watch out.

You will notice a LOT of low activity members trying to sell that company.  Start looking at activity when you see it mentioned.... something is not right with it.

[picolo]

LTCgear is legit.  I have been with them almost 3 months now, zero issues.  Get payouts weekly directly to my wallet.  LTCgear does not prorate payments when you buy shares.  They take a snapshot of your number of shares on Friday, and pay out based on difficulty over the week.  LTCgear has been in business for over a year now, with many satisfied customers.

learn to math first. 

Then check what & who you believe - pay today & get a full weeks payout tomorrow....? sounds legit


I run 11Th & its NOT enough but then im not 15 yrs old, living at home rent-free & dreaming of having pubes/sex one day.

You're really trying to sell the shit out of ltc gear aren't you?

Seriously, cloud mining is risky. Its the very definition of the perfect Pontiac scheme - where either difficulty and bitcoin price move in a way you can say 'oh, it's not profitable so contract is over as per the terms' and take any remaining profit, or to simply scamper off with the profit when you are at the peak of accepting new buyers. Watch out.

You will notice a LOT of low activity members trying to sell that company.  Start looking at activity when you see it mentioned.... something is not right with it.

You have to do your own research before investing and a good advice is to diversify and invest in more than one company not to lose it all in case the company closes.

All miners are hoping the difficulty will decrease a lot so they can profit more. It may happen.