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GoDofWaR

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  1. Like
    GoDofWaR got a reaction from eu TK in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  2. Upvote
    GoDofWaR got a reaction from Synco in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  3. Upvote
    GoDofWaR got a reaction from Dann 69 in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  4. Upvote
    GoDofWaR got a reaction from whiplash123 in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  5. Upvote
    GoDofWaR got a reaction from duck boi in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  6. Like
    GoDofWaR got a reaction from Acrylic in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  7. Upvote
    GoDofWaR got a reaction from Castro in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  8. Upvote
    GoDofWaR got a reaction from Loco in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  9. Upvote
    GoDofWaR got a reaction from Skyfie in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  10. Upvote
    GoDofWaR got a reaction from crispy in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  11. Upvote
    GoDofWaR got a reaction from Poncho_ in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  12. Like
    GoDofWaR got a reaction from RyanBigPipi in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  13. Upvote
    GoDofWaR got a reaction from Beloeyy in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  14. Thanks
    GoDofWaR reacted to meatmaballs in The Extensive Bitcoin Mining Guide   
    Very good guide that really explain how the bitminers can make you rich ! 
    That would be nice if you make one for the Meth or the Printers 
  15. Thanks
    GoDofWaR reacted to james. in The Extensive Bitcoin Mining Guide   
    Fantastic guide, well done ? 
  16. Upvote
    GoDofWaR got a reaction from bigflip in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  17. Upvote
    GoDofWaR got a reaction from amfetamiin in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  18. Upvote
    GoDofWaR got a reaction from GumiTea in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  19. Upvote
    GoDofWaR got a reaction from Flip in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  20. Like
    GoDofWaR got a reaction from james. in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  21. Upvote
    GoDofWaR got a reaction from Holm in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  22. Upvote
    GoDofWaR got a reaction from meatmaballs in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  23. Upvote
    GoDofWaR got a reaction from CG Tea in The Extensive Bitcoin Mining Guide   
    Hello CG Members!
    It is not a secret most people believe Bitcoin Mining isn't very profitable and just not worth it. I have decided to spend my money on all types of bitcoin miners and check exact profit/revenue values so the community gets a clearer image of the Bitcoin system. Looking over my results, I find it a bit shocking of how different miners earn per minute. Maybe it is time to change some miners so the "time needed to get your initial investment back" is more realistic. But thats a possible future suggestion; for now, lets jump straight in. 
    Currently, in CG, there are 3 types of Bitcoin Miners, the Bitminer S1, Bitminer S2 and the Bitminer Server which is connecting to the Bitminer Rack. The Bitminer Rack can hold up to 8 Servers.
    To start with, lets take a look at the initial investments needed for each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Miner
    £5,000
    £25,000
    £50,000 each
    Upgrades
    £773,400
    £773,400
    about £550,000
    Generator
    £6,000
    £6,000
    £6,000
    Extras
    N/A
    N/A
    Bitminer Rack - £100,000
    Total
    £784,400
    £804,400
    about £1,056,000
     
    As we can see, the initial investment ranges between £780k to £1m. This range is quite small when you looking at the possible profit from each miner:
     
    Bitminer S1
    Bitminer S2
    Bitminer Rack + 8 Servers
    Every 1 minute
    £1,255.34
    £1,880.50
    £8,738.70
    Every 10 minutes
    £12,553.37
    £18.805.02
    £87,387.00
    Every 1 hour
    £75,320.22
    £112,830.12
    £524,322.00
    Time needed to get back initial investment
    10 hours
    7 hours
    2 hours
    From this table we can agree it definitely not worthy investing in the Bitminer S1 and the Bitminer S2, as most people will not base for 10+ or 7+ hours. However we can conclude that if you have a base, and planning to base for more than 2 hours, which is realistic sometimes, the Bitminer Rack, equipped with all 8 servers is a good investment.
    Whilst this table only shows one of each miner - you can own up to two of each. This doesn't change any estimates about time needed to see profit, as if you double the money making entity, and double the investment, the time needed would be the same. So realistically, in order to make money, you can buy and upgrade two Bitminer Racks, with 8 servers in each, making more than £1,000,000 every hour, simply by yourself! Like I mentioned, time needed to make profit wont change, however, the possible profit made after those 2 hours can be much bigger if you base with your friends/gang. If only 5 people spawn their two Bitminer Racks - You would make about £5,200,000 every hour (or about £866,666 every 10 minutes) and that's dope.
    So, in conclusion, Bitminers aren't that bad if you invest in them correctly and have at least 2 hours to dedicate.
    Should I make more of these guides for other money making entities? Let me know what you think!
    *Fuel intake per miner, per generator was not calculated in this guide and actual profit may vary based on the miner you are using and the fuel intake needed*
  24. Thanks
    GoDofWaR reacted to Radontrax1 in Radon's Store   
    Radon's Store Update
    1) Sold Smokey Ownership To @Holm
  25. Upvote
    GoDofWaR reacted to Toast in GoDofWaR   
    I don't understand why you needed to comment on this, the post was made over a month ago and regardless of what is going on with the staff member in question right now doesn't mean he hasn't done good in his time. 
    Also this - 8 Gravedigging - If a thread has been inactive for 30 or more days it's considered 'dead' and should no longer be posted on without staff approval.
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