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RE: Yea! Becoming a Bitcoin Miner is a Success. Here is how to do it.
Very cool, was thinking of doing this myself so I have a few questions.
I see you are in socal, I am too. I'm in Irvine, where are you located? I ask because this is an expensive area and electricity costs are high. Running 1200 watts all day every day adds up. Did you do any calculations as to how much you'll pay in increased electricity per day?
My rough estimate was this would add roughly $104 to your electricity bill:
-I read 75 watts run 22 hrs/day would equate to $5.94 a month. So 1200 watts run at 24 hours a day would be (1200/75) * (24/22) * 5.94 = 103.68
If you are only mining $3 per day, that seems like a net loss on top of the equipment purchased.
Am I off on this?
Hey! I'm mining in San Diego. i was fortunate enough to find myself in a situation where I'm not paying for electricity. You also have to think like $3 worth of bitcoin so approximately $90 worth of bitcoin per month is going to go up in value. So $90 now is $5000 worth of bitcoin in the future!😁 You can also join pool.bitcoin.com and purchase ths. for like $150 or so and mine that way.
How did you get around not paying for electricity? If that's not an option for me, then wouldn't it just be better to take the $90 to invest in bitcoin each month rather than pay $550 and $105 a month to mine that $90?
Yes, that would be better for u 🙃I have another miner that I will add to the first, that's 2400watt. The challenge with Mining is electricity cost, but people are starting to get creative solutions. Better more efficient miners, pools, have you heard of gigawatt/ cryptonomos in wanetchee, wa?
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086