Ethereum Mining vs. Bitcoin Mining: Which is More Profitable?

How to profitably mine bitcoins

How to profitably mine bitcoins submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How to mine Bitcoin profitably in 2020

How to mine Bitcoin profitably in 2020 submitted by Desperate-Deal to BitcoinSerious [link] [comments]

How to mine Bitcoin profitably in 2020 (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

How to mine Bitcoin profitably in 2020 (x-post from /r/cryptocurrency)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

How to mine Bitcoin profitably in 2020 (x-post from /r/cryptocurrency)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

How to mine Bitcoin profitably in 2020 (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Another good day to mine bitcoin 🚀 🌚—— Do you have any cryptocurrency and you don’t know what to do with it or you want to mine your cryptocurrency but don’t know how to do it? Dm me now let me help you mine your bitcoin and make profit every 73 hours——Whatsapp: +32460220982

Another good day to mine bitcoin 🚀 🌚—— Do you have any cryptocurrency and you don’t know what to do with it or you want to mine your cryptocurrency but don’t know how to do it? Dm me now let me help you mine your bitcoin and make profit every 73 hours——Whatsapp: +32460220982 submitted by Crypto-finance to u/Crypto-finance [link] [comments]

How much would I have to spend to profitably mine bitcoin?

Currently (Nov. 28th 2017.) annual net earnings just with one Antminer s9 in Serbia is 8.986 USD.
As an investor or small/middle size miner you should consider: the price of bitcoin, investment for mining equipment and the price of electricity.
Superb mining equipment are ASIC processors specially made for bitcoin and alternative (all other) coins mining.
Currently (Nov. 2017.) for mining the bitcoin the best ASIK processor in the world is Antminer s9. It cost from $1.500 up to $3.500. The price varies depending on the series (each subsequent series has better performance), where it is bought (it's a big difference if you buy it directly from the manufacturer or via eBay or Amazon), shipping costs (can be from $0-200) and power supply unit cost from $105 to $200.
The cheapest electricity in Europe is in Serbia. 0,065 € (≈0,077 USD)
Source: Eurostat._YB16.png) (Eurostat is a statistical office of the European Union located in Luxembourg).
One of the essential heritage of communism that has remained in Serbia is that the price of electricity is a social category. So, in Serbia, unlike the rest of the world (perhaps in the communist countries), it is a cheaper electrical cost for domestic households than for the industry.
I decided to pinpoint exactly how much it would electricity cost if 2 Antminers s9 were mining 24/7 365 days a year. The calculation is based on Serbian Dinars. The final value is in US Dollars.
In Serbia, there are 3 zones of electricity categories depending how much of power do you consume per 30 days accounting period: green (0-350 KWh) blue (351 KWh-1.600 KWh) and red zone (more than 1.600KWh). Each zone has own price range. Each zone has night ( lower) and day ( higher) price. Night prices are calculated from 11pm-6am for each zone. Meaning, 16 hours (66,66%) during a day processor will consume higher priced el.energy and 8 hours ( 33,33%) lower priced el.energy.
One Antminer s9 processor consumes 1.400W = 1,4 KW x 24h = 33,6KW / h consumed in one day.
So two processors consume 67,2 KW / h / day
Green zone is up to 350 KWh. So, 350 KWh: 67,2 KWh / per day = 5,2083 days
5,2083 days x 24h = 124,9992 h.
33,33% of 124,9992 h = 41,6622h (lower price hours) x 1,419din. (lower price of el. in the green zone) = 59,1187 din.
66,66% of 124,9992 h = 83,3244 h (higher price hours) x 5,962din. (higher price of el. in green zone) = 496,7804 din.
The blue zone is from 350 KW to 1.600KW
1.600 KW-350 KW = 1.250 KW (the amount of electricity that can be spent in the blue zone price range)
1250KW: 67,2 KWh / per day = 18,6011 days
18,6011 days x 24h = 446,4264 h.
33,33% of 446,4264 h = 148,7939 h (lower price hours) x 2,236din. (lower price of el.price in blue zone) = 332,7032 din.
66,66% of 446,4264 h = 297,5878 h (higher price hours) x 8,943din.(higher price of el.price in blue zone) = 2.661,3280 din.
Red Zone
It remains 6,2 days in the red zone
The number of days spent in the green zone is 5,2
+
The number of days spent in the blue zone is 18,6
23,8 days spent
Calculation period 30 days -23,8 = 6,2 days in the red zone
6,2 x 24h = 148,8h
33,33% of 148,8h = 49,5950h (lower price hours) x 4,472din. (lower price of el. coast in the red zone) = 221,7890 din.
66,66% of 148,8h = 98,208h (higher priced hours) x 17,887din. (higher price of el.cost in the red zone) = 1.756,6464 din.
…………In total: 5.528,3657 dinars( basic amount for tax calculation)…………….
Tax calculation
Note: Some tax I can't translate literary or it is to long for translation, so I have named them Fixed Tax
-Basic amount: ……………………………………......... 5.528,3657 din.
-Fixed Tax : 11,04 KW x 48,552 din.: …………...+ 536,01 din.
-Fixed Tax: …………………………………………........... + 132,76 din.
-Total: …………………………………………..........….…… 6.197,1357 din.
-5% discount on regularity of payment: .....… - 309,8567 din.
-Total: ……………………………………………….........…. 5.887,279 din.
-Tax for green energy: …………………….....……… + 187,48 din.
-Total: ……………………………………………........……. 6.074,767 din.
-Excise (7,5%): ……………………………….....……… +455,6075 din.
-Total: …………………………………………….........…… 6.530,3745 din.
-VAT (20%): ………………………………….....……… +1.306,0749 din.
-Total: …………………………………………….........…… 7.836,4494 din.
-Nacional Television Tax: ………….......…………….. 150,00 din.
……… Grand total: 7.986,4494 din. ≈79,45 $ …………………………….
The exact price KWh for a given period is only 3,9615 din. ≈ 0,039 $
Official National Bank of Serbia exchange rate for Nov. 28th, 2017.
7.986,4494 din : 2.016KWh (total el. power consumption for 30 days) = 3,9615 din. ≈$0,039 per kilowatt/hour. In this way, it is actually cheaper than the average price in China, India or UAE. I'll never complain again about el.price in my country. Worldwide electricity price by region, source: statista.com
The profitability of mining bitcoin ( and other altcoins) is calculated with the power consumption calculator. Simply, chose the coin ( in this case bitcoin) enter the hash power of processor ( in this case 14 TH) and el. coast ( in this case 0,039 USD). When you put all this data, you are making just with 1 Antminer s9 $8,986 in Serbia. Power consumption calculator. Source: cryptocompare.com
Now we can do a little investment brainstorming.
Let's say you rent 10 apartments and in each, you will put two S9s. Rent in Serbia (not in Belgrade) for a flat on less attractive location, is $ 110 (can be even less), x 10 apartments that will cost you $1.100 a month.
The Internet per month is $12 x 10 flats = $120
Electricity per month is $79,45 x 10 flats = $794,5
Since this is a serious investment and business, you need 3 people (8 hours shift) for monitoring the processors pay the bills preventing possible stilling, just to make sure everything goes smoothly. The salary per person is $300, so monthly is $900. For these three persons, you can rent an apartment from where they will monitor the processors, which is an additional $ 200 per month (maybe even less).
Monthly expenses are 3.114,5 $
2 Antminers s9 are making (with current bitcoin mining difficulty, block size and price rate) $1.477,3 x 10 flats = $14.773 per month
Month Net Profit: $11.658,5 x 12 months = $139.902 Annual Net Profit
The variable cost is purchasing price of Antminer s9. From $ 1.500 to $ 3.500 (customs, delivery charges, where do you bay). We need 20 Antminers x $3.500 = $70.000
In a year (at the current bitcoin price) the gross profit is $139.902 - $70.000 ( purchasing price for 20 Antminer s9) = Net profit: $ 69.902 in the first year.
The costs could be further reduced:
~~ If you pay in advance ( 6 months or 1 year ) rant
~~ The price of an Antminer s9 is cheaper in a larger quantity order,
~~ I am not sure but, I spouse you can have better price from internet provider for large internet packet
Why two Antminers s9? Under the law, EPS ( Serbian state electrical company) is required to provide up to 30.000KWh annually to each household. The two Antminers S9 spend 24.192KWh yearly.
…..and there is more to talk about this subject.
So, if you have someone in Serbia I wish you all the best. Call me for dinner ( at least you owe me that :)) .
Or, if you are interested in this and you don’t have contacts in Serbia, you can contact me about this project. [email protected]
Stay happy,
Lazar
submitted by _TETRISMANIA to BitcoinMining [link] [comments]

How to profit off of bitcoin mining?

So I was thinking of getting 3 antminer s9's for 390 off craigslist. However, I put in all the info needed into cryptocompare.com and it said i would be making negative profit. How can I profit off the miners if my electricity bill outweighs the amount of money I make?
submitted by 66herobrine66 to Bitcoin [link] [comments]

How To Make Bitcoin Mining More Profitable - Mine 10+ Coins On One Box

How To Make Bitcoin Mining More Profitable - Mine 10+ Coins On One Box submitted by blockchainprojects to BitcoinMining [link] [comments]

How to mine bitcoin for under $99: Build a profitable mining rig and make money while you sleep

submitted by wealthwithless to wroteabook [link] [comments]

How much would I have to spend to profitably mine bitcoin? /r/BitcoinMining

How much would I have to spend to profitably mine bitcoin? /BitcoinMining submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mining in 2020, Can you make a profit with it and how to use mining activity to predict price this year.

Bitcoin mining in 2020, Can you make a profit with it and how to use mining activity to predict price this year. submitted by Collective_Holdings to Bitcoin [link] [comments]

It's currently 90% more profitable to mine bitcoin than BCH. How long can BCH miners mine at a loss? Answers below please.

submitted by 2020ftp to btc [link] [comments]

05-22 22:44 - 'Welcome to Bitcoin Trading community where you invest and earn Multiple Interest within Few Days , You also learn about Bitcoin Mining and how your profit would be Generated.' (i.redd.it) by /u/Lucaroyce removed from /r/Bitcoin within 3-13min

Welcome to Bitcoin Trading community where you invest and earn Multiple Interest within Few Days , You also learn about Bitcoin Mining and how your profit would be Generated.
Go1dfish undelete link
unreddit undelete link
Author: Lucaroyce
submitted by removalbot to removalbot [link] [comments]

Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool - more info in Poolin mining pool blog (link) comments appreciated.

Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool - more info in Poolin mining pool blog (link) comments appreciated. submitted by bitentrepreneur to BitcoinMining [link] [comments]

Here Is How To Make Bitcoin Mining Much More Profitable - Mine Up To 12 Coins On One Box!!

Here Is How To Make Bitcoin Mining Much More Profitable - Mine Up To 12 Coins On One Box!! submitted by blockchainprojects to Publish0x [link] [comments]

Here Is How To Make Bitcoin Mining Much More Profitable - Mine Up To 12 Coins On One Box!!

Here Is How To Make Bitcoin Mining Much More Profitable - Mine Up To 12 Coins On One Box!! submitted by blockchainprojects to btc [link] [comments]

Here Is How To Make Bitcoin Mining Much More Profitable - Mine Up To 12 Coins On One Box!!

Here Is How To Make Bitcoin Mining Much More Profitable - Mine Up To 12 Coins On One Box!! submitted by blockchainprojects to PromotePublish0x [link] [comments]

Here Is How To Make Bitcoin Mining Much More Profitable - Mine Up To 12 Coins On One Box!!

submitted by blockchainprojects to Crypto_General [link] [comments]

04-04 10:34 - 'Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool' (medium.com) by /u/bitentrepreneur removed from /r/Bitcoin within 37-47min

Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool
Go1dfish undelete link
unreddit undelete link
Author: bitentrepreneur
submitted by removalbot to removalbot [link] [comments]

What is Bitcoin mining, can you make a profit with it and how to use mining activity to predict price

What is Bitcoin mining, can you make a profit with it and how to use mining activity to predict price submitted by Collective_Holdings to CollectiveHoldings [link] [comments]

How to Mine BitCoin with CPU/GPU (Still Profitable 2020 ... Are USB Bitcoin Miners Profitable RIGHT NOW In 2020? - YouTube What Do YOU Need to MINE ONE BITCOIN In 2020?! - YouTube How To Mine Bitcoin On Android - YouTube Bitcoin Mining in August 2018 - Still Profitable? - YouTube

Mine Bitcoin in the cloud without buying any mining hardware. Simply choose the amount of computing power you want to mine with on our global datacenters and leave the rest to us. Calculate how much Bitcoin you could earn. Bitcoin Cash Daily Profit. $0.00 * 0.000 000 00. Bitcoin Daily Profit. $0.00 ** 0.000 000 00. Hashrate. Hashrate Unit. TH/s. Type. Hardware (zero fees) * Based on current ... We are excited to give everyone the ability to mine bitcoin profitably and truly decentralize the network.” Compass reportedly has considerable hosting capacity that may be accessed from many ... Step 1 - Get The Best Bitcoin Mining Hardware. Purchasing Bitcoins - In some cases, you may need to purchase mining hardware with bitcoins. Today, you can purchase most hardware on Amazon.You also may want to check the bitcoin charts. How To Start Bitcoin Mining. To begin mining bitcoins, you'll need to acquire bitcoin mining hardware.In the early days of bitcoin, it was possible to mine with ... Bitcoin Mining Hardware. Mining rig is a computer system used for mining Bitcoins. The rig might be a dedicated miner when its procured, built and operated specifically for mining. But it could also be a computer that fills other tasks and only mine part-time. There are two Bitcoin mining rigs that you can choose from for the hardware: DIY ... Greenidge is using over 20 megawatts (MW) of power to mine Bitcoin, which makes it the largest energy company in the U.S. with this kind of strategy. In comparison, 20MW is not very big, next to ...

[index] [27879] [16064] [5299] [21481] [13313] [35349] [2323] [15323] [16326] [12466]

How to Mine BitCoin with CPU/GPU (Still Profitable 2020 ...

Are USB Bitcoin Miners profitable right now? This video will show you all of the facts you need to know about usb bitcoin miners and how much money they actu... Link to website with program download: https://minergate.com/a/26081173111db5c10cd7fa1f Trade Crypto: https://hitbtc.com/?ref_id=5a67efbb8dd92 Link to AMD GP... Is mining Bitcoin BTC still profitable in 2020? Let's review mining profitability, Bitcoin, Bitcoin Cash, and Bitcoin SV. Block reward halving, network diffi... cryptocurrency mining software, cryptocurrency mining explained, is bitcoin mining profitable, cryptocurrency mining meaning, cryptocurrency mining 2020, bitcoin mining hardware, bitcoin mining ... GET FREE STOCK AND BITCOIN: http://share.robinhood.com/jareds7 Subscribe to the TechCashHouse to learn everything you need to know about bitcoin, bitcoin new...

#