Summary
• We all know about BTC mining which is very difficult now a days and there is no easy money making chance still waiting for us .yes definitely it will became profitable for us when the price of bitcoin will go high.
• Huge electricity consumption which can impact on the global power management.
• Mining is a chain system and there is so many years to mine remaining bitcoin.
It was almost 8-9 years ago we can easily mine a bitcoin with our CPU and GPU, and a simple PC can mine few hundreds of BTC within few days .But now days it will take over 100 years to mine for 1 BTC.
As long as the bitcoin price is going high the investors and wallet holders and also their transaction which became popular and the difficulties of mining became harder.
Solving the blocks it give a reward as BTC and cryptographic solution there is need of high efficient of GPU’s or mining machines. The price of GPU’s and mining machines are too high at this moment because of its popularity and BTC price going high day by days.
Mining with GPU’s
*High demand of graphics card which increase the share price of AMD and NVidia even some of their graphics card prices is almost double now a days .when we got a Gpu with 150$ for our gamming purpose it becomes 300-400$ which also impact into gamers. Millions of gpu sells form AMD and NVidia last year.
*if we are start mining now ,we must have to calculate several thing like GPU’s power consumption ,our electric bill per unit ,GPU’s probability of mining how much dollar per day or per month etc. if we found it is a loss project then why should we mine now ??the only hope of mining can possible if we spend 10k$ into mining and found 1 btc which price will go 100k$ within next few years .so if that is happen then it is better to invest on btc now .so I am a positive person and I also interested into investment but if mining which became profitable after calculation then I can start with it.
GPU with high hashing power
GTX 1080 Ti and GTX 1070
RX 580
RX 570
Obviously we need to check our calculation what should be mine and which can give us profit with our GPU’s
Mine with antminer
Defiantly now a days antminer give us good performance and factories are making more version of antminer like S series s2 ….S9.the price of antminer is also high and there are so many of us who cannot afford it personally .of course we need know about limitations of antminer also .if there is any change happen in network then it’s not possible to custom or repair our antminer because it is built in.
We can check antminer V9 which price is 600-700 around in amazon or eBay .there is not available shipment that device in all over the world.
But bitcoin mining hash rate is 4.0 TH/s
Power consumption around 1027w
Everything is built in there.
Ok I am not a miner and I never think about it yet but if I start mining, I will definitely chose antminer with high hashing rate because the electric bill per unit is lower in my country but the main problem is to collect the hardware here .i am living in Bangladesh and our government is strictly says that bitcoin transaction is not allowed here .may be their mind will change later.