Mario Patrinova never imagined that the bitcoin mining hardware he bought six months back would be so profitable and on top of that will help him in making money.
Mario is a freelance web designer and known for his exceptional skills in web design and development. While working on different client projects it became harder for him to ignore the increasing demand for e-commerce websites selling bitcoin mining hardware. Therefore, he decided to try it and experiment with the bitcoin mining hardware to see whether it really works or is just a hoax.
Mario purchased an Antminer S9 (newest 16nm bitcoin miner) and started mining bitcoins, first as a hobby and then as a professional. Until date, Mario has mined 1.01 BTC and has a slightly more than …show more content…
Nevertheless, it has been only five months and Mario is still going strong and yielding results.
Absolutely these gains are interesting and up to last year, it was assumed that individual hobby mining was not at all profitable. It was harder for hobby miners to compete with the enterprises mining bitcoins with the help of large warehouses having servers dedicated to furnishing the tasks. Well, the situation persisted when bitcoin price was below $600. Considering mining pool fees, electricity costs and efforts of at least 500 days required to break failed to justify the fact that bitcoin mining is profitable.
Eventually, increasing global awareness and interest there occurred a substantial increase in hobby miners enhancing usage of mining pools. Additionally, the price of the bitcoin also soared reaching a far higher level than anticipated offering lucrative benefits to the hobby miners. Mario first used to make $7-8 per day but with the increase in bitcoin, his daily earnings have also shot up to $16 – 20 per …show more content…
If you have free electricity, it is recommended to purchase an Antminer S7 hardware. However, even this hardware will limit your profit. Else consider buying Antminer S9 the latest hardware costing around $2000 and mining at an average of 12 TH/s, but beware, because it will consume around 1300 watts of power in an hour. Now you can easily evaluate the upfront cost of your investment. Supposedly, if you are living in a country with a hot climate you will have to face the reduced hash rate, which usually reduced power consumption resulting in lower earnings. Always remember, the hardware does not include the cost of the power supply with high-quality cables that further increases your cost of
Mario is a freelance web designer and known for his exceptional skills in web design and development. While working on different client projects it became harder for him to ignore the increasing demand for e-commerce websites selling bitcoin mining hardware. Therefore, he decided to try it and experiment with the bitcoin mining hardware to see whether it really works or is just a hoax.
Mario purchased an Antminer S9 (newest 16nm bitcoin miner) and started mining bitcoins, first as a hobby and then as a professional. Until date, Mario has mined 1.01 BTC and has a slightly more than …show more content…
Nevertheless, it has been only five months and Mario is still going strong and yielding results.
Absolutely these gains are interesting and up to last year, it was assumed that individual hobby mining was not at all profitable. It was harder for hobby miners to compete with the enterprises mining bitcoins with the help of large warehouses having servers dedicated to furnishing the tasks. Well, the situation persisted when bitcoin price was below $600. Considering mining pool fees, electricity costs and efforts of at least 500 days required to break failed to justify the fact that bitcoin mining is profitable.
Eventually, increasing global awareness and interest there occurred a substantial increase in hobby miners enhancing usage of mining pools. Additionally, the price of the bitcoin also soared reaching a far higher level than anticipated offering lucrative benefits to the hobby miners. Mario first used to make $7-8 per day but with the increase in bitcoin, his daily earnings have also shot up to $16 – 20 per …show more content…
If you have free electricity, it is recommended to purchase an Antminer S7 hardware. However, even this hardware will limit your profit. Else consider buying Antminer S9 the latest hardware costing around $2000 and mining at an average of 12 TH/s, but beware, because it will consume around 1300 watts of power in an hour. Now you can easily evaluate the upfront cost of your investment. Supposedly, if you are living in a country with a hot climate you will have to face the reduced hash rate, which usually reduced power consumption resulting in lower earnings. Always remember, the hardware does not include the cost of the power supply with high-quality cables that further increases your cost of