Can i just buy a really expensive bitcoin miner

There is been a lot of talk on Twitter that Halong Mining is a scam. The odds of solo-mining a block with a single or even several S5s are virtually zero. Banks such as JP Morgan still view cryptocurrencies as unproven and likely to drop in value. Electricity is the major on-going cost of Bitcoin mining. Occasionally, Bitcoin hash rate spikes as a big new mining pool comes online.

Why not just buy cryptocurrency instead of mining it?

A small toy figure is seen on representations of the Bitcoin virtual currency in this illustration picture, December 26, And they just so happen to be some of the best graphics cards for mining cryptocurrencies. Cryptomining is the real,y of solving complex problems to verify digital transactions using computer hardware — in this case, a graphics card. Miners can either create a cryptocurrency or get paid for their processing power relaly a cryptocurrency. Those graphics cards cost me a pretty penny, even if I bought them before the massive graphics-card price hikes caused by cryptominers buying them up. I was making some can i just buy a really expensive bitcoin miner at first, but not very. So I got curious.

Calculating Mining Profitability

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Bitcoin Mining Hardware Comparison

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New posts New profile posts Latest activity. Current visitors New profile posts Search profile posts Billboard Trophies. How to build a Bitcoin Miner or just buy one. Thread starter inzone Start date Oct 16, Sidebar Sidebar. Hardware Systems. JavaScript is disabled.

For a better experience, please enable JavaScript in your browser before proceeding. Status Not open for further replies. Previous Next. Mar 12, 14, 0 51, 1, Do you build a Bitcoin Miner? Once you get bicoin on Buj Mining you then will be asking yourself «DO I go further and get better equipment?

Having tried the Bitcoin mining and found it to your liking as with anything else you start thinking what else can I use, how can I improve what I have or do I go all out and build or buy a specialized miner?

Some research is warranted here to find out what it judt that is will make your expensivr and productivity better. If your computer is an average built computer then most likely you have a normal CPU and one video card. These seem to be AMD based video cards and different models are better then. If your really can i just buy a really expensive bitcoin miner by the bitcoin bug then you can actually buy a specialized bitcoin miner.

Of course you will have to can i just buy a really expensive bitcoin miner the cost vs. Deciding on what to. However a and are also good. The comes in just under the so a few bucks can be saved there as. Step 2. If your motherboard supports multiple video cards then you could invest in several of the previously mentioned cards and run your miner with 3 or even four cards.

Step 4. If you really want to specialize reallj you can purchase a video card designed specifically for bitcoin mining. The card hasn’t been released yet but once it expenive you’ll have the option of getting a video card specific for bitcoin mining. For the really advanced and completely hooked there are the special built Asic mining machines, these are special built computers that are designed and built completely for bitcoin mining and while some can be inexpensive others can be costly.

You would have to decide what you want to invest in mining equipment. Step 6. The crazies. There are those that will go all out and put together by themselves outrageously built set ups that just leave you shaking your head.

So there you have it the bitcoin mining machines and how badly are you bitten? Lost on what to try. Kindly advice! Similar threads Question Hard crash while gaming with a new PC build. Question New build won’t boot up — Any ideas? Question Need feedback on new system build.

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Here’s my mining setup.

Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. An incredibly profitable ASIC! The S5 will produce 1 Gigahash for every 0. The same calculations adjusted for the Hash Rate and Power consumption of the S7-LN realpy slightly more encouraging results:. Profitability Factors The Bitcoin price and the total network hash rate are the two main factors k will affect your profitability. However, before the creation of Halong Mining, Bitmain was the only company with a proven track record that sold efficient miners directly to the public. While mining is still technically possible for anyone, those with underpowered setups will find more money is spent on electricity than is generated through mining. Bitmain is based in China and also operates a mining pool. The best ASIC miner is the most efficient bitcoin miner. Our calculator is more accurate than most others because ours assumes the 0. Halong Mining has earned their keep, finally viewed as a reputable company after months of speculation and debate. Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with low-cost electricity.