What do I need to mine Bitcoin ?


I have wanted to mine Bitcoin for a very long time...

I figured it would be too expensive to buy all the equipment needed and then also cost a ton for Electricity to keep it running.

So I decided to dig a little deeper.

I found this really good Article...

Beginner´s guide to mining Bitcoins: How to mine Bitcoin step by step:

https://www.masterdc.com/blog/how-to-mine-bitcoin-beginners-guide-to-mining/

Which then led me to this little rig which costs about $ 7,125 ...

It explains how much you could earn per month with this Miner and also shows the costs for Electricity. See below :

Bitmain- Antminer S19 Pro (110Th)

Description
Model Antminer S19 Pro (110Th) from Bitmain mining SHA-256 algorithm with a maximum hashrate of 110Th/s for a power consumption of 3250W.

Profitability:

Period ........ /day ........ /month ......... /year

Income........$42.12 ....$1,263.62 .........$15,163.43

Electricity ...... -$9.36 ...... -$280.80 ...... -$3,369.60

Profit ...............$32.76 ...... $982.82 ..... $11,793.83

Algorithms
Algorythm /day
SHA-256
110Th/s 3250W ......... $32.76/day

https://www.asicminervalue.com/miners/bitmain/antminer-s19-pro-110th

So you can Mine Bitcoin and earn $32 or just earn $50 a day through Curation here on Steemit.

Specifications
Manufacturer Bitmain
Model Antminer S19 Pro (110Th)
Release May 2020
Size 195 x 290 x 370mm
Weight 13200g
Noise level 75db
Fan(s) 4
Power 3250W
Voltage 12V
Interface Ethernet
Temperature 5 - 40 °C
Humidity 5 - 95 %

More: https://www.asicminervalue.com/opportunities


Comments 8


It's very interesting mining @offgridlife, I run three Z9 Mini's and I mine Zcash. One of the most important cost is your electric. I am off grid solar so my electric is free...sort of Lol!
Antpool is a good mining pool .😀

22.03.2021 02:41
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Awesome. I will look at antpool

22.03.2021 02:46
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I only mine when the Sun is out (Solar) today was a cloudy day, but it's interesting! 😀

22.03.2021 02:55
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Do you earn much ? Or do I make more from blogging on Steemit where I make $400 USD per month.

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22.03.2021 03:08
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I still think that blogging pays much more, but it's one more thing to add Crypto. Some of the new miners are much more electrical efficient. That's the catch ..electric!

22.03.2021 03:15
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Is @tipu the best place to delegate over here ? Or get upvotes ?

22.03.2021 03:28
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I think they are very good, I believe delegating pays about 40% ROI

22.03.2021 04:00
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That’s fantastic.

22.03.2021 15:38
0