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Accepterar bitcoin exchange rates
Bitcoin mining is a very competitive business, with the price rising recently, mining has become more popular and the difficulty is increasing. When building a large scale mining operation, it is important to calculate your expenses compared to your expected profit.
For this guide, we will aim for a Tarahash setup. This will provide about 0. The most common approach, is often to simply buy the latest ASIC miner available, this currently being the Antminer S9. There are currently other brands of bitcoin miner, but we will only consider the antminer in this guide.
At first glance, the antminer S9 appears to be better than the previous model in every respect. The S9 hashes at 13 tarahash while using watts of power, while the S7 hashes at about 5 tarahash while also using watts of power. This means we get over twice as much hashing power with the S9 than the S7. Another difference is the life expectancy of the machines. The S9 uses smaller chip size to increase density and lower power, however, they burn out much faster, with some users reporting about a 3 month shelf life.
This is an important factor, because the mining operation must run for a few years with minimal part replacing. Therefore, it is better to buy the longer lasting miner, this being the S7. POWER Now that we have decided on a miner to use, we now can estimate the total power consumption to achieve our desired tarahash.
First we calculate how many miners we need by simply dividing by 5, which yields total S7 Antminers. COOLING Bitcoin miners produce a lot of heat, this will require significant air conditioning to keep the miners running safe for an extended period of time.
This should be achieved using freon based air conditioning units that only require electricity. The total watts used should be calculated. This brings up the final thing to consider when building a large scale bitcoin mining operation, and that is the location. The most popular places for btcoin mining to be located has favored low electricity cost, as well as a cool climate.
I recommend choosing a very hot desert area with cheap and remote land opportunities. After you recieve your ROI, you get to keep mining bitcoins free from electricity costs. And as the price of a bitcoin increase, so do the profits. In conclusion, bitcoin mining is better using renewable energy. Authors get paid when people like you upvote their post.