I am moving into a place in Buenos Aires, Argentina where power will be free. Power is cheap here anyhow. How much mining power do I need approximately to generate 1 btc a month?
I heard another way of mining is to actually buy mining power on line. You don´t have to worry about any equipment breaking down. Is there a tutorial on mining and how to perform all the necessary calculations? What about a excel spreadsheet?
What are your thoughts?
Check out coinwarz
http://www.coinwarz.com/calculators/bitcoin-mining-calculatorTheir calculators is one of the best.
Personally I would recommend to split your investment.
50% on Antminers or Spondoolies and
50% on Hashnest (cloud mining).
Then after 2/3 months compare your income/ vs investment made. Remember if you have got free electricity.
Cloud mining gear eventually will be worthless.
Owned asics will hold their value and your revenue stream much longer. However you have the hassle to put some monitoring on your miners etc. Benig in argentina your investment in proper cooling will cost you too.