Asic bitcoin calculator price
This is just to illustrate why the ASIC price is growing and obsolete hardware is actually searched by miners. You may understand that mining is like stocks: Making personal assumptions and taking risk. So you have a lot of chance to loose all your investments…. As you can understand from previous chapter there is no return on invest and this is only for curiosity, fun and understanding. It could make sense in a Miracle looking approach as described in my previous post eventually.
So warning said, the question is how to get started with a such equipment. You can simply plug it on a windows machine and download bfgminer to process hash like we have seen with cpu on the previous post. Personally I installed it on a raspberry Pi as it was more simple for me. Raspbian is having a bfgminer package included so you just need to.
My choice was slush: Basically the pool mine bitcoin and share the bitcoin between all the miners. The payment is on regular basis when it wins a mine so you win some nano-Bitcoin per hour of work. The system is predicting me a possible first payment… in 6 months.
To be in the pool you just need to create an account, add a worker Asic unit and start mining with your asic. Basically the bfgminer command line is:. Once start your raspberry will start to mine the blockchain. I am pretty much pleased with your good work. You put really very helpful information.
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Avoid scams Before you even consider buying an Antminer S9, you need to be aware of quite how many scams there are in this space. Bitcoin's price and difficulty So for anyone new to Bitcoin mining, the first thing they normally look for is some sort of guide on what hardware they should buy and how profitable that hardware is.
There are two big problems here: This only takes into account Bitcoin's current price rather than its estimated price in the future or average. This will overestimate profitability even if Bitcoin's price doesn't change, as Bitcoin's difficulty will likely go up over time.
Buying at a good price So now we know that the price of the Antminer S9 is tied to Bitcoin's price, we know that buying when Bitcoin's price is at all-time-high's means you're getting a bad deal. Given the above, if you still want to buy an Antminer S9, here are some other things to consider: Many competitors to the Antminer S9 are being released over which are more efficient, potentially leading to big difficulty increases. When buying your miner, don't rush.
It's good to make a note of the cheapest miner available each day for say a week, as on certain days it may be higher than normal. You don't want to buy on one of these days, you want to wait until it's lower than normal although also consider who you're buying it from, do they have lots of good reviews, etc. Do some research into risk vs reward calculations for Bitcoin mining.
If you want to buy an S9 and get a return on investment over say 20 weeks, you can work out exactly how much you need to pay for it and how much you might have to resell it for if things go badly so if prices on Amazon go below this price, it might be the time to sell and avoid potential losses.
Antminer S9 vs cloud mining We'll touch on this very briefly.