Quote from: bit-emperor on April 16, 2017, 11:51:19 AM

Quote from: Amph on April 16, 2017, 07:24:17 AM

Quote from: bit-emperor on April 16, 2017, 12:43:09 AM

Quote from: Amph on April 13, 2017, 08:10:26 AM

Quote from: bit-emperor on April 12, 2017, 01:22:19 AM

Quote from: znggurj on April 11, 2017, 01:46:20 PM

Quote from: bit-emperor on April 11, 2017, 01:22:41 PM

i have known about bitcoin since year 2012, but i never did mining until now because i dont have knowledge about technical in mining and also the main considering is the cost of hardware of mining, but i want to try to mine btc and have a target to make 1 btc in a month.
my question is :
1. what hardware i need to create a mining rig ?
2. how much its cost ?
3. what the minimum hashrate to produce 1 btc in a month by mining?
thank you

At the current difficulty levels, to be mining 1 BTC per month you'll need around 66 TH/s.
For that, you're going to need 5 antminer S9s which would come to $10,500
Of course you will have to also include electricity costs and contribution to initial cost in your earning per month too...

If that seems a bit high I think you should lower your aspirations a little Wink

thank you very much for your info, that to produce 1 btc in a month i need around 66 TH/s and cost of buying hardware of 5 antminer S9to need $10,500 ..wowww it is very surpricing for me and it is very expensive for me.

you need to look at the roi time, with the current value of bitcoin, investing 10k is not that bad, because you are looking for 10 months, roi which is standard in crypto

if you factor that bitcoin can go to 2k this year it look even better, but thee diff will increase long before that making the possible increase of the value kinda pointless

if you can afford those antminer, a good strategy would be to mine until 66% of roi and then sell the asic, they should retain a good price in 6-7 months

okey, i want to ask you, if i buy a piece Antminer S9 does it will produce a consistent amount of btc everyday base on the Hashrate production of that antminer s9 . i have calculated using alloscom bitcoin mining calculator that a piece of antminer s9 with 14 TH/s in todays difficuly will produce about 0.006759 BTC everyday, my question is do a piece of antminer s9 will produce 0.006759 btc everyday for me?

no it will not produce forever that amount, this is the problem, or mining bitcoin would have been much better, there is something called difficulty, and increase, because of competition between miners, they apparently love to steal each other some bitcoin

difficulty now increase 10-20% on average per month, in fact last time i checked the earning for a s9 was 0.008xx now is 20% less or around that

"no it will not produce forever that amount" = Okey, i see, it will not produce 0.006759 btc everyday the reason is mining difficulty factor, am i right?
"because of competition between miners,= i understand about miners competition,
but what you mean about "they apparently love to steal each other some bitcoin"....i dont understand
" in fact last time i checked the earning for a s9 was 0.008xx" is this an earning for a day or a month?
thank you very much Mr. Amph, for your info it is very clear for me

if miners where clever, they would sit now on the same amount of coins generated per day, but since they are greedy they add hash power to "steal" bitcoin from the other

if for example there are only two big farms mining, and both are doing half of the total emission coins, which is currently 1800 btc per day, it mean that each one is mining 900

now one of these farm is more greedy and want to mine 1000 coins per day, this farm then add 10% hashrate and begin to generate 1000, while the other only 800, this is what i call stealing

because then the other farm will do the same, and they are again mining 900 each, but guess what, the consumption is now higher, they are now, only killing their own profit...

unless the value keep increasing of course and in this case it won't be "stealing" anymore