Quote from: mwizard on December 10, 2015, 12:27:41 AM

Quote from: Prasmatic on December 09, 2015, 11:45:41 PM

My goal is to generate at least one bitcoin per 24hrs, what kind of setup is required to achieve this?

Well there are 144*25 or 3600 bitcoins currently mined per day. The network hash rate is currently close to 600,000 Terahash. So you would need 600,000/3600 or 170 Terahash to mine one bitcoin per day.

Say you use Bitmain S7 miners you would currently need 35 miners. You will need to keep adding a couple of miners each week to keep up with the hash rate changes.

With current commercial miners this would require about 40,000 Watts. This is a lot of power and heat. Its about the average power consumption of 30 to 40 houses. Getting rid of the heat will be challenging.

It is not a cheap thing to do. Very expensive and NOT for someone just starting off as I'm assuming they do a lot of the setup to save money. Pay someone to set up all the miners its going to add up even more on price.

OP what is your budget? What are you planning as I think you see 1 BTC per day is a huge undertaking, and also with difficulty it would lower aswell.