Thursday, 27 April 2017

How accurate are the profit calculators?

The wife's friend's husband, lets call him Josh. Apparently Josh has a miner (not sure if ASIC or GPU based, etc). My wife's friend claims her husband Josh, makes $200CAD a month with the miner so $2,400CAD a year (based on rates now). Which is not much cash.

The wife's friend kept convincing my wife that its completely casual, profitable, "just runs". So she told me to look into it.

I'm not clueless. I'm a programmer and I can build computers, so I did some research (I haven't looked into Bitcoins since 2010).

Looking at many reviews, it seems AntMiners like the A9 is the thing these days. With it's power consumption, my electric rate of (10.8c CAD per kwh / 7.94c per kwh USD), other equipment, etc. It seems I'd never make a profit. I really don't think "Josh" is factoring in electric and hardware costs into his "profit" or am I using the calculator wrong?

I just want to go back to my wife and tell her the hard facts that its not a gold mine like she was lead to believe...



Submitted April 27, 2017 at 08:47PM by tyler-king http://bit.ly/2qiz684

No comments :

Post a Comment