Question Best bitcoin mining rig?

[arkaxo]

Hi, I'm new here and just want to know, going into 2023, what is the BEST bitcoin (or other crypto) farming machine I could get for the money?
I want to mine Bitcoin, I see online it can take up to one month on average, I understand the risks, and have thought about it and my decision is to just invest.
So my question is, if I wanted to farm one bitcoin, every 3 months? How much would a RIG for that cost me? And where could I perhaps get them? Also, I am NOT worried about power consumption, so do not think about that. Thanks - Conor, UK.

 

[USAFRet]

I want to mine Bitcoin, I see online it can take up to one month on average

" it can take up to one month on average"....to do what?
Mine 1 bitcoin?

Link to where you read this?

 

[arkaxo]

Just on google. It says you can mine them relatively fast with the right rig.

 

[USAFRet]

Just on google. It says you can mine them relatively fast with the right rig.

haha..

Here is a btc calculator.
https://www.coinwarz.com/mining/bitcoin/calculator

Buying an Antminer rig (140 TH/s) nets you $6.15 per day.
But, that rig costs $18,000 up front.

So, all else being equal and nothing changes, 8.2 years to earn back your $18k investment.
Thereafter, $6.15/day.
$9.76/day if you can convince someone else to pay $100/month for the electricity.


You need to do a bit more research.

 

[kanewolf]

Just on google. It says you can mine them relatively fast with the right rig.

Did you check the date of that article? Maybe three or five years ago. Today, not going to happen.

 

[arkaxo]

This is me researching, it seems literally, quite literally every google post is saying it is still possible to mine a bitcoin in a month or around period. even the 2022 articles, so I don't know. I do not have 18k either, I want something really cheap to start with, like 1-2k max.

 

[USAFRet]

This is me researching, it seems literally, quite literally every google post is saying it is still possible to mine a bitcoin in a month or around period. even the 2022 articles, so I don't know. I do not have 18k either, I want something really cheap to start with, like 1-2k max.

Specific link to some of these google results?

 

[arkaxo]

I managed to mine like 10c worth of bitcoin last week on this, really cheap laptop I am on, surely your math is wrong? - Remember I said do NOT include electric, pure profit only

 

[arkaxo]

Specific link to some of these google results?

https://www.techslang.com/how-long-...vanced systems, it,however, stands at 30 days.

 

[USAFRet]

saying it is still possible to mine a bitcoin in a month

1 BitCoin currently sells for around $20,000.
If it were possible to 'earn' $20k/month with an average PC, don't you think we'd all be doing it?

 

[USAFRet]

https://www.techslang.com/how-long-does-it-take-to-mine-a-bitcoin/#:~:text=to mine one-,With today's difficulty rate but much more advanced systems, it,however, stands at 30 days.

And that article specifically speaks to using ASICs, not PCs.
An example of such a device was mentioned in my link above.

They start around $10,000 per unit.

 

[carocuore]

This is me researching, it seems literally, quite literally every google post is saying it is still possible to mine a bitcoin in a month or around period. even the 2022 articles, so I don't know. I do not have 18k either, I want something really cheap to start with, like 1-2k max.

Sir this is a tech forum, we can't cast magic spells.

You basically want free money, I'm afraid that doesn't exists.
Unless you get an entire warehouse full of graphics cards for free, with free power, you're not going to make any profits. ASICs cost thousands of dollars and use a ludicrous amount of power, this is, they're extremely inefficient at performing their task.

Generic coins won't give you any profit as what's worth $1 today could be worth $0.00001 tomorrow, it's playing russian roulette but with 5 bullets in a chamber that takes 6, mining of cryptocurrencies died with Ethereum.

<Moderator edit for language>

 

[USAFRet]

Here is another coin calculator, NiceHash
https://www.nicehash.com/profitability-calculator/nvidia-rtx-3070-lhr

Taking a current mid level GPU, the RTX 3070.
Retails for about $550.

Wrap it in a whole PC, and you're into this for about $1000.

What does that get you?
At an electricity cost of $0.0....you can earn, at current level of difficulty, $0.33/day.
3030 days, running 24/7. Not using that system for anything else.

Starting today, you break even on your $1000 investment in January 2031.

Your call.