Antminer s3 bitcoin calculator
First post of a series antminer s3 bitcoin calculator 2. Fin the second part here! Miners are an fundamental part of bitcoin technology because they participate in the competition to update the blockchain with the new block and then antminer s3 bitcoin calculator are responsible for the validity of the blockchain itself. The mining 'game' is a very interesting game theory experiment that lead to an astonishing result: Mining bitcoin has been, and for certain still is, a very lucrative business, so it is normal that many people are now interested in mining.
Let's explain how to compute the mining profitability. To be clear from the beginning of this post, mining today is not a profitable experience unless you have an access to really cheap electricity or the possibility to do a huge scale investment. Here I show you why. Antminer s3 bitcoin calculator mining is a classical project where you invest upfront a capital and you expect to have some income during the life of the asset.
So it is a cash-flow investment:. The Capex capital expendituresor the investment made upfront is the cost of the equipment, usually in the case of mining we have to count the Miner itself and the Inverter to supply the power. In our case the bitcoin price refers to 14 of October:. The Opex operating expense will be the electricity cost and, in case of dedicated business of course rent, labor and other minor costs.
Fortunately for bitcoin miners the electricity is a very easy cost to compute, since our miner will most likely run 24 hours a day at the maximum power. Assuming the rent, the labor and all the other costs as zero careful!
In the case of the Antminer the electrical consumption is W. So the cost of electricity per day is:. Assuming that the electricity cost in your currency is of 0. We calculate the cost per day because the income will be statistically almost fixed until the next difficulty computation, so to have a good simulation we should count the days until the next difficulty.
For doing this we check really fast on Alloscompthis website, as many others, will give you the first income of your miner, a good approximation until the first difficulty adjustment. While I write the bitcoin price in euro is This allow us to convert our income to 7. It could seem antminer s3 bitcoin calculator to adjust the difficulty calculation, but the only thing you have to remember is that the bitcoin mining reward is proportional to the difficulty.
So let's imagine the difficulty evolution in the next months. I usually go Bitcoin Wisdom in order to have an idea of the difficulty evolution in the future. Watching at the difficulty history table we can see antminer s3 bitcoin calculator percentage variation of the difficulty roughly every two weeks.
This is the best approach, but it is fast enough to understand of what we are talking about. In our case to only repay the hardware we would antminer s3 bitcoin calculator 49 weeks, and in that time we would have a cumulative electrical cost of around That you will never be able to repay with your miner. Yes you already know, in order to mine today you need to have lower hardware prices, lower electricity prices or sell your heating Try to do these calculations on every miner you would like to invest in, and let me know if you find a secret miner that have completely different figures In an other post I will give some advice to mine today, with some edge case that still make it possible!
The other post is available here! True, I've tried to make this sum profitable many times but if you don't actually get electricity for almost free it just doesn't seem worth it. Not to mention the time waiting for your equipment to antminer s3 bitcoin calculator and time is definitely money in this equation. As I show you in the article it is not profitable at all.
You will not do any money doing mining. For Antminer S9 at current prices of bitcoin you will never a positive income. If you can invest million dollars you could find a way! Im planning to buy 5 S3 at the end of the year which according to the seller, its ROI is 1 yr.
You mean its not true? The profitability depends mainly on the sell price, if you provide me the price I can quickly check for you Bitcoin mining step by step - Profitability calculation. The profitability of mining To be clear from the beginning of this post, mining today is not a profitable experience unless you have an access antminer s3 bitcoin calculator really cheap electricity or the possibility to do a huge scale investment. The basics of antminer s3 bitcoin calculator economy So mining is a classical project where you invest upfront a capital and you expect to have some income during the life of the asset.
So it is a cash-flow investment: In our case the antminer s3 bitcoin calculator price refers to 14 of October: For a total of 2. So the cost of electricity per day antminer s3 bitcoin calculator Let's calculate the income! Yes, you are not going to become rich with a miner. Adjust the difficulty to next level It could seem difficult to adjust the difficulty calculation, but the only thing you have to remember is that the bitcoin mining reward is proportional to the difficulty.
Let's create the following table you can extend the table more: But today no, no normal guy can make easy money with mining bitcoin Authors get paid when people like you upvote their post. Antminer s3 bitcoin calculator miner tool can you recommend and how long is its ROI?
Its a second hand actually, less than a thousand dollar.
Some popular cryptocurrency algorithms:. So this miner can't be used to mine Bitcoin, Ethereum, or other popular cryptocurrencies; it's used to mine Blake 2b -based coins specifically, in particular Siacoin. You need to be very careful here. The team behind Siacoin weren't very happy about the A3 being released, suggesting that Bitmain the company behind the Antminer S3 "has a strong track record in Bitcoin of actively working to undermine core development, blocking important network upgrades "; and so they're concerned they may do the same to Siacoin.
They initially suggested that they might soft-fork to invalidate the A3 make it much less profitable by changing the algorithm required for mining itbut have decided against that. There's always a risk of them doing this if Bitmain acts maliciously - further increasing the risk of buying an A3. Halong Mining look to be releasing one soon that would be around 3. Some alternative Antminer's may be a better choice at the moment. The Antminer S9 continues to be popular for mining Bitcoin, although be aware of next generation Bitcoin miners that may be coming in a few months.
This site cannot substitute for professional investment or financial advice, or independent factual verification. This guide is provided for general informational purposes only. The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money.
This website is monetised through affiliate links. Where used, we will disclose this and make no attempt to hide it. We don't endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of these. Don't rush into anything, do your own research.
As we write new content, we will update this disclaimer to encompass it. We first discovered Bitcoin in lateand wanted to get everyone around us involved. But no one seemed to know what it was! We made this website to try and fix this, to get everyone up-to-speed! Click here for more information on these. All information on this website is for general informational purposes only, it is not intended to provide legal or financial advice.
What is the Antminer A3? Some popular cryptocurrency algorithms: Monero uses the Cryptonight algorithm. Siacoin uses the Blake 2b algorithm. Is the Antminer A3 Profitable? Competitors to the Antminer A3 in ? May 5th, What is the Antminer Z9 Mini? Written by the Anything Crypto team We first discovered Bitcoin in lateand wanted to get everyone around us involved.
Never invest money you can't afford to lose.
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