Bitcoin Mining ⛏

in #bitcoin8 years ago (edited)

My brother recently built this bitcoin miner from scratch . This bad baby took about $4K to be built and will be set and ready to go soon. It should generate anywhere from 40-60K a year. Since we live in NYC, this may cost $100 on the side just for electricity

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hope your not mining bitcoin. maybe bitcoin gold? or ether. nice rig tho anyway.

Not the big things , going to start out smaller with the other cryptocurrency

Is he aware he's competing with Chinese mega bitcoin mines?

I’m not too sure , but will definitely let him know now

That is very nice! well worth the price, and the $100 a month electric is not to bad at all. Nice investment he did, and he also did a great job with the build, it look awesome!

It’s not bad but that’s the average , hopefully it’s not more . I mean if it’s creating income then why not?

That's great! Hit it big mining. Does it make a lot noise and generate a lot of heat?

Not too much noise but yes , lots of heat. It is still in test mode

Dope! I live in Queens and am dying to get started on mine (no pun intended! ) Does your brother have Steemit? Would love to pick his brain.

Unfortunately he’s not part of this paltform, online resources teach you everything !

great initiative ......
i have also same plan...but till now could not execute it.

Appears to be RX470 but I could be wrong. So probably mining CryptNight or Ethash based coin and, with current reward/diff/value, I don't understand how projected earnings are so high.

I'd have estimated at right-now variables $20 - $25 per day at best. Perhaps you can help me with where I'm lost?

Otherwise, cool to see an early interest! Looks good!

Thanks!

That is great that he know how to do that. Keep us to date on his progress.

Wow! Very cool. I would have no idea where to even begin.

That's a professional set up do let us know with the progress he made and how profitable is mining now specially of bitcoin :)

This is the coolest thing yet!! Good job!!
I've been thinking of getting into mining myself.
God bless you my friend, and your wonderful baby boy too!!
Hugs x0x0x

Is the 40-60k a year guarantee?

I mean a 10x return per year sounds great.

From where do you calculate the return?