Equipment Bitmain Tech Antminer S9 Bitcoin mining hardware is the first and most important part of the operation. At this point in time, the best equipment to buy is the Bitmain Antminer S9. You should be able to generate about 0. The Bitmain Antminer S7 is a good choice to learn about mining. Depending on your electricity prices, it might be profitable for you to operate it.
The power supplies need to be purchased separately. Electricity The Bitcoin mining hardware basically convert electricity to Bitcoin. The lower your electricity costs, the better off you will be. Calculating actual electricity cost can be a bit tricky, and if you have a choice of electricity suppliers, it is worth getting their rate sheet to determine the price at the mining.
As a starting point, there will be different rates. Residential — usually low price. Commercial light — less than amps or 30, KWHr per month Commercial medium — less thanKWHr per month A/c heavy — everything else Within these rates, there will usually be a/c few categories of costs. It is best to bitcoin together a spreadsheet, add all a/c costs together, then calculate an effective per KWHr rate in order to compare the two. The costs you will have to take into account are: Monthly service fee Usage fee — how many KWHr used Demand fee — maximum Watts used at any one time Demand peak — additional fee based on maximum Watts vs.
Quebec Hydropower Commercial RatesIf you are in a location where electricity is included in the price of your location, you may be able to operate a single Bitcoin miner.
These devices use a lot of electricity! One of the first questions I get is the possibility of using solar power.