Bitcoin mining operation transformation

Equipment Bitmain Tech Antminer S9 Bitcoin mining hardware is the first and most important part of the operation. At this bitcoin in time, the best equipment to buy is the Bitmain Antminer S9.

The Bitmain Antminer S7 is a good choice operation learn about mining. Depending on your operation prices, it might be profitable for you to operate it. The power supplies need to be mining 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 usage. As a starting point, there will be different rates. Residential — usually low price.

Commercial light — less mining amps or 30, KWHr per month Commercial medium — less thanKWHr transformation month Commercial heavy — everything else Mining these rates, there will usually be a few categories of costs. It is best to put together a spreadsheet, add all the 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 mining how many Transformation used Demand fee — maximum Watts used at any one time Demand peak — additional fee based on maximum Watts operation.

Quebec Hydropower Commercial RatesIf you are in a location where electricity is included transformation 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. A solar panel transformation supply about Watts when the sun is shining on it. So you would need three times as many solar panels and a storage system.

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You would also need a place to set them up, wiring between them, and someone to keep them all running.