newbie goal mining 1 BTC in a year?

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mr_bullSenior Member
Posts: 5 · Reputation: 936
#1Aug 27, 2020, 06:22 AM
hey guys total noob here, don’t know much about crypto. i wanna get 1 BTC or its worth in ETH in a year. my fam is cool with covering energy costs for now, but idk how mining works and if it’s even possible. any advice? what should I mine? noise isn’t a problem, got a garage to work in.
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pr0to88Member
Posts: 1222 · Reputation: 235
#2Aug 27, 2020, 08:43 AM
first off, you can’t mine ETH anymore. btc mining gear is pretty loud though. do you have 240 volt power? if so and electricity is free for you, grab a couple of Antminer S19s for about 2k each. two machines will cost you around 4k.
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mr_bullSenior Member
Posts: 5 · Reputation: 936
#3Aug 27, 2020, 11:41 AM
so if i get 2 machines for 4k, they’ll make back their cost after a year? but it’s bitcoin i really want, right? so if it’s 17k for 1 BTC, then that means i’d need at least 10 S19s to hit my target. wow, that sounds like a disaster. 10 machines cost 20k and may not even get me 1 BTC.
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basedcobraFull Member
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#4Aug 27, 2020, 05:04 PM
each S19 pulls around 12-13 amps. in the US, if your house is older, you might have 100 amp service. newer places usually have 200 amps. if you got the 200a, you’ll likely need a subpanel. but honestly, 5 machines will be pretty loud. i used to have 5 S17s in my garage and it was crazy.
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#5Aug 27, 2020, 10:37 PM
wait, what? the post you’re referring to doesn’t even exist. be careful, new guys. seems like someone’s trying to pull a fast one here.
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planktonHero Member
Posts: 1284 · Reputation: 2049
#6Aug 29, 2020, 10:04 AM
yeah, this scammer's been using multiple accounts. it’s wild seeing them talk to themselves to fish for victims. looks like mods took down their posts though.
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mr_chadMember
Posts: 15 · Reputation: 45
#7Aug 29, 2020, 04:17 PM
if you really have the funds, 50 Antminer S19 Pros could net you about 1 BTC a month. that’d be sweet. with that kind of investment, just hold onto the bitcoin for a couple of years. it’ll probably double.
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#8Aug 29, 2020, 06:58 PM
buying bitcoin and holding it sounds like the smarter move. no need to deal with mining costs. just a thought, but seems more economical in the long run.
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