Bitcoin Miner as a job

[Argwai96]

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

This is true. Generally speaking the prices that mining manufacturers are charging for retail customers are higher then what can realistically be earned from mining (even before subtracting the cost of electricity). In order to be able to realistically ROI on physical miners you will generally need to buy at the very least tens of thousands of dollars worth of equipment, much more then the OP is considering purchasing. 

[notlist3d]

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

This is true. Generally speaking the prices that mining manufacturers are charging for retail customers are higher then what can realistically be earned from mining (even before subtracting the cost of electricity). In order to be able to realistically ROI on physical miners you will generally need to buy at the very least tens of thousands of dollars worth of equipment, much more then the OP is considering purchasing. 

I would agree power is a lot of the cost.  It's either in your favor or not.  Personally I am lucky to have lot's of space and decent priced electricity.

I just finished a little over 11k watts on my mining.... and I consider myself a hobby miner not job.   15 TH was fun to hit myself, but in the big pool of miners I'm a small fish still.

[gingpark]

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

I believe that is true, pretty much home mining is not really a job but at the moment with the average electricity rate that must people have at home.

I say as a lot people have mentioned on the forums this is more of a hobby.

I had to just sell off my miners be off since the price dropped to $400. It just does produce enough to cover expenses.

I say its a job if you manage a large data center with all electricity running on solar and never pay electricity ever again.

I hope mining will lead to faster pace development in the solar energy.

Solar is just too high priced for the wattage needed with mining.    

I personally am lucky with low priced electricity and it's winter so free to super cheap cooling.

I have used winter to expand soon I will be up to 11k watts (approx 15T worth of gear).  Winter is making it possible for me personally.

Yes the price for solar is way to high and I can make guess to why that is but that is most likely a different topic in itself.

And you are lucky with low electricity I really do wish I had the same since even as a hobby, mining itself is pretty fun overall.

To a certain degree like a lot of times, hobby for what I believe is suppose to take a lot of money and it's stuff you don't even consider about ROI cause it is fun and what you want to do.

At the moment just feels like all you do is pay bills with nothing much left which to me definition of a job? Haha  

[notlist3d]

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

I believe that is true, pretty much home mining is not really a job but at the moment with the average electricity rate that must people have at home.

I say as a lot people have mentioned on the forums this is more of a hobby.

I had to just sell off my miners be off since the price dropped to $400. It just does produce enough to cover expenses.

I say its a job if you manage a large data center with all electricity running on solar and never pay electricity ever again.

I hope mining will lead to faster pace development in the solar energy.

Solar is just too high priced for the wattage needed with mining.    

I personally am lucky with low priced electricity and it's winter so free to super cheap cooling.

I have used winter to expand soon I will be up to 11k watts (approx 15T worth of gear).  Winter is making it possible for me personally.

Yes the price for solar is way to high and I can make guess to why that is but that is most likely a different topic in itself.

And you are lucky with low electricity I really do wish I had the same since even as a hobby, mining itself is pretty fun overall.

To a certain degree like a lot of times, hobby for what I believe is suppose to take a lot of money and it's stuff you don't even consider about ROI cause it is fun and what you want to do.

At the moment just feels like all you do is pay bills with nothing much left which to me definition of a job? Haha  

I actually feel good with my low electricity.   I am doing more then paying just bills.  It is no longer guaranteed  ROI, but is very possible for me.

[cowandtea]

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

I believe that is true, pretty much home mining is not really a job but at the moment with the average electricity rate that must people have at home.

I say as a lot people have mentioned on the forums this is more of a hobby.

I had to just sell off my miners be off since the price dropped to $400. It just does produce enough to cover expenses.

I say its a job if you manage a large data center with all electricity running on solar and never pay electricity ever again.

I hope mining will lead to faster pace development in the solar energy.

Solar is just too high priced for the wattage needed with mining.    

I personally am lucky with low priced electricity and it's winter so free to super cheap cooling.

I have used winter to expand soon I will be up to 11k watts (approx 15T worth of gear).  Winter is making it possible for me personally.

Yes the price for solar is way to high and I can make guess to why that is but that is most likely a different topic in itself.

And you are lucky with low electricity I really do wish I had the same since even as a hobby, mining itself is pretty fun overall.

To a certain degree like a lot of times, hobby for what I believe is suppose to take a lot of money and it's stuff you don't even consider about ROI cause it is fun and what you want to do.

At the moment just feels like all you do is pay bills with nothing much left which to me definition of a job? Haha  

I actually feel good with my low electricity.   I am doing more then paying just bills.  It is no longer guaranteed  ROI, but is very possible for me.

How low is it to consider it as cheap electricity? is 0.1 KWH good enough nowadays?

[notlist3d]

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

I believe that is true, pretty much home mining is not really a job but at the moment with the average electricity rate that must people have at home.

I say as a lot people have mentioned on the forums this is more of a hobby.

I had to just sell off my miners be off since the price dropped to $400. It just does produce enough to cover expenses.

I say its a job if you manage a large data center with all electricity running on solar and never pay electricity ever again.

I hope mining will lead to faster pace development in the solar energy.

Solar is just too high priced for the wattage needed with mining.    

I personally am lucky with low priced electricity and it's winter so free to super cheap cooling.

I have used winter to expand soon I will be up to 11k watts (approx 15T worth of gear).  Winter is making it possible for me personally.

Yes the price for solar is way to high and I can make guess to why that is but that is most likely a different topic in itself.

And you are lucky with low electricity I really do wish I had the same since even as a hobby, mining itself is pretty fun overall.

To a certain degree like a lot of times, hobby for what I believe is suppose to take a lot of money and it's stuff you don't even consider about ROI cause it is fun and what you want to do.

At the moment just feels like all you do is pay bills with nothing much left which to me definition of a job? Haha  

I actually feel good with my low electricity.   I am doing more then paying just bills.  It is no longer guaranteed  ROI, but is very possible for me.

How low is it to consider it as cheap electricity? is 0.1 KWH good enough nowadays?

That is what I'm at almost.   The big thing for me is over next few months winter weather.  You can pull that very cold air in and push hot air out for extremely cheap compared to AC in summer.

Make sure to check and make sure it does no get huge on tiers, some have a sliding scale depending on how much you use.

[picolo]

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

This is true. Generally speaking the prices that mining manufacturers are charging for retail customers are higher then what can realistically be earned from mining (even before subtracting the cost of electricity). In order to be able to realistically ROI on physical miners you will generally need to buy at the very least tens of thousands of dollars worth of equipment, much more then the OP is considering purchasing. 

Yet they sell hundreds of hardware each new generation.
What discount can you get if you buy 10 or 20 in bulk? 20%? Is it enough to ROI? Not always

[notlist3d]

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

This is true. Generally speaking the prices that mining manufacturers are charging for retail customers are higher then what can realistically be earned from mining (even before subtracting the cost of electricity). In order to be able to realistically ROI on physical miners you will generally need to buy at the very least tens of thousands of dollars worth of equipment, much more then the OP is considering purchasing. 

Yet they sell hundreds of hardware each new generation.
What discount can you get if you buy 10 or 20 in bulk? 20%? Is it enough to ROI? Not always

It depends but 10 or 20 most likely will not get you 20 percent.  Even 20 units is a drop i the bucket to any of the manufactures.

[picolo]

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

This is true. Generally speaking the prices that mining manufacturers are charging for retail customers are higher then what can realistically be earned from mining (even before subtracting the cost of electricity). In order to be able to realistically ROI on physical miners you will generally need to buy at the very least tens of thousands of dollars worth of equipment, much more then the OP is considering purchasing.  

Yet they sell hundreds of hardware each new generation.
What discount can you get if you buy 10 or 20 in bulk? 20%? Is it enough to ROI? Not always

It depends but 10 or 20 most likely will not get you 20 percent.  Even 20 units is a drop i the bucket to any of the manufactures.

Then to really save on the hardware you need to be a manufacturer, to pre-order or order 200 units or more.

[harkonnen]

Get a job.

He wants a job that's why he's asking about mining. People are coin traders full time, what would you say to them?

They have enough assets that they don't need a job. And I have nothing to say to them.
To you, get a job.

[harkonnen]

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

This is true. Generally speaking the prices that mining manufacturers are charging for retail customers are higher then what can realistically be earned from mining (even before subtracting the cost of electricity). In order to be able to realistically ROI on physical miners you will generally need to buy at the very least tens of thousands of dollars worth of equipment, much more then the OP is considering purchasing.  

Yet they sell hundreds of hardware each new generation.
What discount can you get if you buy 10 or 20 in bulk? 20%? Is it enough to ROI? Not always

It depends but 10 or 20 most likely will not get you 20 percent.  Even 20 units is a drop i the bucket to any of the manufactures.

Then to really save on the hardware you need to be a manufacturer, to pre-order or order 200 units or more.

OP is a programmer, not a hardware engineer.
Make money by creating some killer apps.

[Seketsuna]

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!

Get a job! going to work teaches you alot and helps build who you are. $140/week i don't know where did you get that ridiculous calculation.

[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!

Get a job! going to work teaches you alot and helps build who you are. $140/week i don't know where did you get that ridiculous calculation.

If it made 140 a week I would sure be ordering a lot more.

5T or so would get you around 175 current market rate (but that does not take in account electricity or cooling).  To do this you will have much more then 1k of startup.

[picolo]

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!

Get a job! going to work teaches you alot and helps build who you are. $140/week i don't know where did you get that ridiculous calculation.

If it made 140 a week I would sure be ordering a lot more.

5T or so would get you around 175 current market rate (but that does not take in account electricity or cooling).  To do this you will have much more then 1k of startup.

Bitmain offers a 2THS for 1200$; ANTMINER C1 Batch 2 375$ for 1THS.

SP20-Jackson miner 1.7THS at 795$ but it will mine in the region of 0.1/week so 40$/week

spondoolies has a SP35 Yukon Power November Batch 1 5.5THS for $3,595.00 and they are out of stock, if he waits for a year he may have a 5THS for 1000$

[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!

Get a job! going to work teaches you alot and helps build who you are. $140/week i don't know where did you get that ridiculous calculation.

If it made 140 a week I would sure be ordering a lot more.

5T or so would get you around 175 current market rate (but that does not take in account electricity or cooling).  To do this you will have much more then 1k of startup.

Bitmain offers a 2THS for 1200$; ANTMINER C1 Batch 2 375$ for 1THS.

SP20-Jackson miner 1.7THS at 795$ but it will mine in the region of 0.1/week so 40$/week

spondoolies has a SP35 Yukon Power November Batch 1 5.5THS for $3,595.00 and they are out of stock, if he waits for a year he may have a 5THS for 1000$

In a year though 5T will bring in a lot less though.  It would not meet his 140 per week requirement.

[raskul]

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!

Get a job! going to work teaches you alot and helps build who you are. $140/week i don't know where did you get that ridiculous calculation.

If it made 140 a week I would sure be ordering a lot more.

5T or so would get you around 175 current market rate (but that does not take in account electricity or cooling).  To do this you will have much more then 1k of startup.

Bitmain offers a 2THS for 1200$; ANTMINER C1 Batch 2 375$ for 1THS.

SP20-Jackson miner 1.7THS at 795$ but it will mine in the region of 0.1/week so 40$/week

spondoolies has a SP35 Yukon Power November Batch 1 5.5THS for $3,595.00 and they are out of stock, if he waits for a year he may have a 5THS for 1000$

In a year though 5T will bring in a lot less though.  It would not meet his 140 per week requirement.

SP-Tech are reducing the price of the 1.7TH/s SP20 by a further $100 tomorrow thru monday for a cyber monday sale.
buy 3 @ $695 each.   

[gingpark]

home mining is tough right now.  depending on your region and how much they charge for power.  you may be better off buying the coin instead.

I believe that is true, pretty much home mining is not really a job but at the moment with the average electricity rate that must people have at home.

I say as a lot people have mentioned on the forums this is more of a hobby.

I had to just sell off my miners be off since the price dropped to $400. It just does produce enough to cover expenses.

I say its a job if you manage a large data center with all electricity running on solar and never pay electricity ever again.

I hope mining will lead to faster pace development in the solar energy.

Solar is just too high priced for the wattage needed with mining.    

I personally am lucky with low priced electricity and it's winter so free to super cheap cooling.

I have used winter to expand soon I will be up to 11k watts (approx 15T worth of gear).  Winter is making it possible for me personally.

Yes the price for solar is way to high and I can make guess to why that is but that is most likely a different topic in itself.

And you are lucky with low electricity I really do wish I had the same since even as a hobby, mining itself is pretty fun overall.

To a certain degree like a lot of times, hobby for what I believe is suppose to take a lot of money and it's stuff you don't even consider about ROI cause it is fun and what you want to do.

At the moment just feels like all you do is pay bills with nothing much left which to me definition of a job? Haha  

I actually feel good with my low electricity.   I am doing more then paying just bills.  It is no longer guaranteed  ROI, but is very possible for me.

How low is it to consider it as cheap electricity? is 0.1 KWH good enough nowadays?

That is what I'm at almost.   The big thing for me is over next few months winter weather.  You can pull that very cold air in and push hot air out for extremely cheap compared to AC in summer.

Make sure to check and make sure it does no get huge on tiers, some have a sliding scale depending on how much you use.

For me 0.1 KWH would be a dream nowadays without the tier system. I haven't check out the rates for winter yet but for summer I was getting .25+ and plus there is that AC.

Which is just crazy due to the tier over here especially since I have to share the meter with other people as well so always ending up with the highest rates which starts at 60%+ usage. 

In the past though they allowed more KWH in the first tier which ranged from ~.1 - .15 but nowadays they reduced how long I can stay in that tier by 50% so pretty much instantly jumps to the highest tier. 

[picolo]

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!

Get a job! going to work teaches you alot and helps build who you are. $140/week i don't know where did you get that ridiculous calculation.

If it made 140 a week I would sure be ordering a lot more.

5T or so would get you around 175 current market rate (but that does not take in account electricity or cooling).  To do this you will have much more then 1k of startup.

Bitmain offers a 2THS for 1200$; ANTMINER C1 Batch 2 375$ for 1THS.

SP20-Jackson miner 1.7THS at 795$ but it will mine in the region of 0.1/week so 40$/week

spondoolies has a SP35 Yukon Power November Batch 1 5.5THS for $3,595.00 and they are out of stock, if he waits for a year he may have a 5THS for 1000$

In a year though 5T will bring in a lot less though.  It would not meet his 140 per week requirement.

SP-Tech are reducing the price of the 1.7TH/s SP20 by a further $100 tomorrow thru monday for a cyber monday sale.
buy 3 @ $695 each.   

1700GHS/695$ is 0.0011/GHS and will mine less than 0.1 the first week

[raskul]

stuff..

1700GHS/695$ is 0.0011/GHS and will mine less than 0.1 the first week

i don't ever buy miners with BTC but if you say that's right i'll concur. 

have a great weekend.

[picolo]

stuff..

1700GHS/695$ is 0.0011/GHS and will mine less than 0.1 the first week

i don't ever buy miners with BTC but if you say that's right i'll concur. 

have a great weekend.

If you buy with $ you still want to know if you will ROI in BTC so you have to compare the amount of BTC you could have bought with the amount of BTC that the miner will return.