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Showing 4 of 4 results by licciepops
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Re: newbie question- goal is 1 bitcoin in 1 year
by
licciepops
on 18/11/2022, 07:42:53 UTC
This has got me thinking, i dont have the money to buy 1 BTC and my folks wouldnt give me the money to buy one. But they would possibly lend me 17k if it was to start up a mining business from home

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Re: newbie question- goal is 1 bitcoin in 1 year
by
licciepops
on 18/11/2022, 07:28:23 UTC

do you have 240 volt power?

if you do and your energy cost is zero.


i dont really understand the power side of things yet. we just live in a normal uk house built in the 60s. will the garage support running 10x of these machines without blowing up the house lol. Noise isnt too much of an issue as we have a single detached garage at the rear of the house. but having said that how exactly noisy would 10 machines be?
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Re: newbie question- goal is 1 bitcoin in 1 year
by
licciepops
on 18/11/2022, 07:21:20 UTC
you can't mine eth.

if you do and your energy cost is zero.

buying some s19's means 2000 a unit. total 4k

So say 2 of them cost you 4k they will earn 95+95=190

190 x .06 = $11.40 a day or 365 x 11.40 = 4161. so not counting power you will be $161 ahead.


 
so i think your saying at 2k per machine, with my dad paying the electricity costs, the noisy employees will roughly pay for themselves in 12 months?
converted into BTC, which is really what i want as i dont want the cash i really want 1 BTC and i dont want to sell it.

just thinking out loud here.......but im not sure.......at 4161 for 2 machines which basically break even without electricity costs.......at 17k for 1 BTC..........i would need approx 10 x s19s?

Wow thats a bit of a shock!!!!!! it sounds like a terrible idea. 10 machines cost 20k,get me 1 bitcoin in a year and kicked me out of my house probably Huh
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newbie question- goal is 1 bitcoin in 1 year
by
licciepops
on 17/11/2022, 23:47:06 UTC
 hi everyone

complete and total newbz here, know nothing about this and im sure this has been posted lots of times but any of you math tech guyz can help me out id much appreciate it

Im big into bitcoin/etherium and my lofty goal is to get 1 BTC or ETH equivalent in 12 months.

The big one energy costs; i live at home, my folks are minted and dont mind me beating up the energy costs( well they might when then get the bills but for now they are behind my idea)

Which coin would you mine?

Noise isnt much of an issue as we have a garage

Is it easy to set up, which software would you use

And the big question, is how much would it cost to get a set up to get  me1 BTC in 12months, which kit would you buy bearing in mind the energy thing isnt much of an issue

tyty in advance guys Smiley