Bitcoin mining 100,000$ a year
- Thread starter vinnyMS
- Start date
MgicalaEarner
Elite Member
- Jul 8, 2017
- 3,749
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Do one thing first you try than update us.
xReminisce
Elite Member
- Dec 29, 2012
- 7,333
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what fire50,000 + cost of upkeep (electricity), components breaking/frying (happens more than you'd think).
I'm thoroughly amused by the seriousness of "hey, if you spend 50k on something, you can turn it into 100k later".
fires don't happen
fake news !!!
https://www.datacenterknowledge.com/archives/2014/11/06/fire-bitcoin-mine-destroys-equipmenthttps://conseilscrypto.com/une-impo...tie-en-fumee-avec-10-millions-de-de-materiel/https://steemit.com/bitcoin/@csrolex/bitmain-tech-bitcoin-mining-farm-on-firehttps://www.theborneopost.com/2020/12/24/firemen-nearly-electrocuted-in-crypto-mining-fire/https://www.independent.co.uk/tech/...fire-cryptocurrency-innosilicon-a9128246.htmlhttps://www.coindesk.com/markets/2014/11/06/gallery-fire-destroys-thai-bitcoin-mining-facility/
Gib me 50k now !
- Oct 25, 2018
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If I show this plan to my bank they'll even close my account, forget about giving me a loan.
xReminisce
Elite Member
- Dec 29, 2012
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paypal style rightIf I show this plan to my bank they'll even close my account, forget about giving me a loan.
Since you are gonna gamble with whatever funds you have in your account
we will just take it instead
count it as you lost the gamble!
- Sep 29, 2011
- 1,206
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Which part of 19$ per day minus 17$ electricity costs = 2$ profit per day did you not understand?
To make 76k a year, it has do do 200$ per day. There is no machine on this planet that can pull off 3000 TH/s on sha256, yet.
- Jul 26, 2016
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SELLING OUTSIDE OF THE MARKETPLACE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
xReminisce
Elite Member
- Dec 29, 2012
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if you just move this over to MP then we will be squared right?
?
vinnyMS
BANNED
- Jul 5, 2022
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In Canada banks are friendly and cooperative they accept easier than other countriesDo you think it's that easy to get a loan from the bank, they treat you like you don't even exist while making your pitch to them
There's also the Canada small business plan that offers up to 1 million dollars for a new business
- Apr 4, 2009
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- Nov 6, 2016
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How did you obtain these numbers?
Firstly, you cannot mine Bitcoin with GPU miners; Bitcoin mining requires CPU miners.
Mining rigs ( graphic cards ) can only mine Ethereum Classic and some other less valuable cryptocurrencies without making a profit.
The third point is that even if you purchase the most expensive Bitcoin miners like the S19 Hydro, you would only make around $10-12 in profit per day. The lowest price for these miners is approximately $4,000, so it would take at least a year to recover your investment. Additionally, there is a problem: in April, Bitcoin undergo another halving, which means the profit will be 50% less than the current calculation.
Lastly, the most crucial aspect is that one Hydro miner consumes 5 kWh of power, and your house's electrical capacity can only handle 2-3 of them.
vinnyMS
BANNED
- Jul 5, 2022
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I got the calculation from chatGPT it's for 10 mining rigs 5000$ eachHow did you obtain these numbers?
Firstly, you cannot mine Bitcoin with GPU miners; Bitcoin mining requires CPU miners.
Mining rigs ( graphic cards ) can only mine Ethereum Classic and some other less valuable cryptocurrencies without making a profit.
The third point is that even if you purchase the most expensive Bitcoin miners like the S19 Hydro, you would only make around $10-12 in profit per day. The lowest price for these miners is approximately $4,000, so it would take at least a year to recover your investment. Additionally, there is a problem: in April, Bitcoin undergo another halving, which means the profit will be 50% less than the current calculation.
Lastly, the most crucial aspect is that one Hydro miner consumes 5 kWh of power, and your house's electrical capacity can only handle 2-3 of them.
Minimum they make is 40$ a day that's 365 * 40$ = 14,600$ a year
You keep them 10 years it's 146,000$ for 50,000$ you paid
Some ppl want 10$ passive income a day you get 40$ a day with mining rigs
- Nov 6, 2016
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Don't do calculations with chatgpt next time it's worst thing you can do, chatgpt provide you information from 2021 when you still can mine ETH.
- Nov 25, 2017
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Share some of the dope you're having op
Turboboost2
Junior Member
- Sep 26, 2016
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This thread made me laugh loud at 6 am.
bdman
Elite Member
- Oct 12, 2009
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chatGPT