• Oct 22nd, 2017 (Updated Feb 1st, 2018) • There are a range of Bitcoin mining rigs available, and each of them takes a different amount of time to earn your initial money back (break even). This guide gives some estimates of how profitable these are based on the latest Bitcoin difficulty & price in December 2017. This guide was written in December 2017, see for more accurate and up-to-date data. Tools to work out profitability There are lots of tools for working out profitability, and each of these has benefits. Some of the more popular ones: • is good for beginners, but can be misleading.

It works it out using the current difficulty, price & block reward; which means in the long-term it can over-estimate profitability. • is a better tool as it's much more configurable, but still requires you to guess things like difficulty and Bitcoin price. • is a new calculator we've come across that allows you to take into account future difficulty increases, very useful! One Year Break Even Comparison Using the CoinWarz calculator above (we work out the potential difficulty increases and use them in this, calculations for this are at the bottom of the guide), we can estimate the profitability of some of the more popular mining hardware to work out which is the best value. As Bitcoin's difficulty and value are so unpredictable, we'll give optimistic and skeptical estimates for each. The links to Amazon below are affiliates, so we'll get some money if you buy something using these.

Antminer S9 (14TH/s batch) Purchase cost $1310 direct, (), power usage 1372W, hashrate 14TH/s. Optimistic yearly income: $11,792 (US), $10,830 (UK) Skeptical yearly income: $5,317 (US), $4,356 (UK) Antminer T9 (more reliable competitor to the S9) Purchase cost $1250 direct, power usage 1576W, hashrate 12.5TH/s.

Optimistic yearly income: $10,159 (US), $9,055 (UK) Skeptical yearly income: $4,379 (US), $3,274 (UK) Antminer R4 (quieter than competitors, designed for home use) Purchase cost $1132 direct (), power usage 845W, hashrate 8.7TH/s. Optimistic yearly income: $7,336 (US), $6,744 (UK) Skeptical yearly income: $3,312 (US), $2,720 (UK) Antminer S7 (predecessor to the S9) Purchase cost $440 direct (), power usage 1300W, hashrate 4.7TH/s. Optimistic yearly income: $3,076 (US), $2,165 (UK) Skeptical yearly income: $903 (US), - $8 (UK) Assumptions (this is just if you're interested, not required reading): • Block reward of 12.5 (as this won't change until ). • We'll use the average Bitcoin difficulty expected for the next 12 months,. Optimistically this would increase by 20% every 4 months, so hit 2.75T within a year (currently it's 1.59T). Averaging these values every 4 months of 1.59T, 1.91T, 2.29T & 2.75T - we get 2.13T (the increase isn't linear or exponential, so there's a little guess work here). Using the same method, a skeptical increase would be 70% every 4 months with an average difficulty of 4.17T.

How Much Time Will It Take To Mine 1 Emercoin EMC. • The value of Bitcoin in dollars is perhaps the most difficult to estimate. We'll assume it will double between now and this time next year (most likely it will increase by more than this, but let's stay skeptical!).

Yes, you can create your own bitcoins and as much as you want and this can be done using you hardware or cloud services. Hardware Based. The best bitcoin miner available in market today is the 14 TH/s Antminer S9 with power consumption of 1370W and is priced at $1700 on bitmain.com. You will also need to. 5+ best Bitcoin mining ASICs to start. An efficient bitcoin mining machine and get the best Bitcoin. There is Bitcoin mining hardware, which mines bitcoins.

The price has been skyrocketing for the past few days (currently sitting at $16,500), so we'll use $15,000 for the current value, double that is $30,000 - so we'll go with $22,500. • Electricity costs vary massively worldwide. We'll do calculations for the US and UK - which is $0.12 per kWh for the US, and $0.20 for the UK. Countries like China are, so you'd get a higher return. • The largest mining pool (AntPool), so we'll use this fee for calculations.

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