Is creating a bit coin farm still a profitable investment?
So, bitcoin is not nearly as expensive as it use to be comparative to the USD. But is mining still something that can be profitable? For example if one where to purchase 1600 Antminer S5's at 1.15 TH/s, they you would have 1,840 TH/s, or 1.84 PH/s. Now assuming that power rates where 0.104/KwHr for commercial spaces. Those 1600 machines at 590W each would consumer 944,000W. Using bitcoin calculators online it returns a payback period of 208days, and annual profit of $993,867.39. Now assuming I could reinvest 50% of the profit back into the system I could effectively double my hash rate the next year and stop in 2017 when the reward is halved and walk away with a few million... This is just a quick thought experiment about bitcoin mining. The initial cash outlay would be significant and with the volatility in bitcoin exchange rates such a project could go bust. Clearly it's not this easy, if it was everyone would be doing this...but why is what I want to know. [Edit] I have no intention on doing any of this. I know very little about Bitcoin, I am looking to learn about it. I want to know why the above would/wouldn't work.
Just a reminder that if the 4 exahash that came online on Bitcoin.com is the new 7 nm miners, well they are using less power for the same hashrate which changes the profitability calculation. It allows them to mine longer at a loss then SV miners who don't have 7nm miners. /r/btc
Anyone know a method using a google financial spreadsheet formula or equivalent to calculate bitcoin value to hundredth or thousands of a cent. Something along the lines of this: http://www.coindesk.com/calculato As in 0.00004 BTN isn't 0.05 USD rather 0.048942 Thanks!
Is there an online calculator where I can input the amount of bitcoins I hold, and the amount of USD I've used to purchase them, and it will grab the current price and show me my % and amount gain or loss?
The CoinDesk Bitcoin Calculator tool allows you to convert any amount to and from bitcoin (up to six decimal places) and your preferred world currencies, with conversion rates based on the live ... Bitcoin Miner Online is the most innovative and fastest Bitcoin Generator. It was designed and offered for free use for all of the Bitcoin enthusiasts that want to get free Bitcoin without paying or investing anything. All you will have to do is to enter your personal Bitcoin Wallet Address in the field above and select the amount of Bitcoin ... Individuals, businesses, developers: learn from our simple Bitcoin guides. How Bitcoin works, what is Bitcoin, what is blockchain, how to buy Bitcoin, what is Bitcoin mining and more. Whoever you are, Bitcoin is for you. Individuals, businesses, and developers: get the support you need with our simple guides. Watch 3 min. Bitcoin 101. The Coinmama Bitcoin price calculator lets you convert BTC to fiat in real time. Check the live Bitcoin rate with EUR, USD, GBP, CAD, JPY, AED, and more. Bitcoin calculator the best online Bitcoin price converter Bitcoin converter and calculator tool. The online Bitcoin converter is the fastest way to get today’s exchange rates of Bitcoin (BTC), millibitcoin (mBTC), bits(µBTC), or satoshis in any local currency.
Online CryptoCurrency Calculator with multi-Cryptocurrencies Simple Bitcoin Converter
Step 1: Mining Link: https://coinpot.co/mine/dogecoin/?ref=C8E36D930CE4 (Updated) (If browser mining not support you just follow next steps!) Send Phrase as ... Crypto exchange rate calculator helps you convert prices online between two currencies in real-time. Online CryptoCurrency Calculator with multi-Cryptocurrencies. Cryptocurrency converter, calculator. What it really takes to mine a Bitcoin in 10 Minutes. Firstly I'll show you a special free method to mine Bitcoin and send funds directly to your wallet in 1... SUBSCRIBE AND PARTICIPATE IN MY GIVE AWA'S THANK YOU FOR WATCHING https://youtu.be/nQJrgYhQpLg ----- 👇👇👇👇👇👇👇👇👇👇👇👇 https://youtu.be ... #bitcoin #bitcoinmining #bitcoinminingsoftware By Far The BEST Bitcoin Mining Software In 2020 (Profitable). This is a review on the most profitable, easy, a...