So, I got 1.6m, I've read that the level 1 bitcoin farm, with a good 180k a day, Costs 1.3m. The level 2 costs 9 million, which would mean that it'd take me around 40-50 days of grabbing my daily bitcoin in order to be able to upgrade it, and level 3 is 11m. I've grabbed all this info from Verita's video. It honestly seems like a nice idea which will make my EFT experience more enjoyable, with less gear fear, since my farm will fund most of my gear. Should I do it or should I wait?
Taking into account fuel. I have a friend that has a farm with 10 GPUs and he says he makes about 250k a day with the farm but spends 100k in fuel every 16 hours. Is it even worth it all the investment into the bitcoin farm?
Is adding graphics cards to your bitcoin farm worth it?
I was inspired by this guy's post, which analyzes if you should build a bitcoin farm at all, to do some math of my own. His post is a few months old and prices are a lot different, but I was also asking a different question than him. I already have my bitcoin farm... So the question I was asking myself is "does it make sense to add more graphics cards to my farm?" and "Is there a 'best number' of cards?". According to the wiki page, the formula for bitcoin generation is:
0.05 + (GC - 1) / 49 * 0.15
This isn't a linear equation, but it does give a linear answer to my question. After a bunch of mathing in Google Sheets, I've come to the conclusion that each graphics card actually provides the same amount of INCREASED profit, no matter how many you have in your farm (after the first of course). https://docs.google.com/spreadsheets/d/1l3RINCWfAVxpq0NOqmZQYFdJVCXuet53c0MFbapvc1k/edit?usp=sharing https://imgur.com/1uAbIup Based on a BTC cost of 154,000R, each graphics card you add will provide an additional 471R of profit, per hour (11.3k per day). At a cost of 300,000R per graphics card, that's a little over 26 days for it to pay for itself. This is assuming you are running your farm full time, of course. Because the profits are the same, per card, it doesn't matter how many you add, or when you add them, after 26 days each new card added will have paid for itself. Note: While there is color coding for farm levels, that doesn't matter either unless you are considering upgrading specifically to add more cards. Then I guess you should consider the cost of the upgrade, the fact that it takes 26 days to make a profit adding a new card, and then decide if it's worth it. You could use the magic number of 471h (11.3k/day) per card to determine if the upgrade is worth it or not. If you upgrade to add 15 more cards, you'd be making an extra ~169,000R per day... so depending on the cost of the upgrade, it would probably get paid of pretty quickly.
I have enough roubles to invest in completely filling the lv 3 bitcoin farm, but would it even be worth it with how much graphics cards are right now? I already have 13 graphics cards, maybe going to 25-30 would be good? I play mostly every day, so I'd be able to consistently take the bitcoins out.
Are you looking forward to investing in cryptocurrency? Well, one of the first cryptocurrency that comes to your mind is Bitcoin. The pioneering cryptocurrency has paved the way for some remarkable transformations in the world of financial technology. Bitcoin works on a Blockchain platform that enables peer-to-peer interaction, and there is no interference from the third-party. In addition to the revolution which Bitcoin created, it lead to the surge of many cryptocurrencies. Presently, around 500 cryptocurrencies are floating in the market. Before going ahead to explore about Bitocin farms and bitcoin farming, let’s have a glance at some eye-popping stats: · By the end of 2019, around 42 million Bitcoin wallets have been set up globally. · Around 5% of Americans hold Bitcoin · There are around 7.1 million active Bitcoin users · One of the best cryptocurrency exchanges, Coinbase has more than 13 million users The volume of Bitcoin trading from peer-to-peer exchange LocalBitcoin shows that countries like Brazil, Venezuela, Colombia, and many African companies are jumping into the pool of cryptocurrency trading. With Bitcoin being an all-time favorite of many investors, other cryptocurrencies like Litecoin, Ethereum, Ripple, and many others have generated a fair amount of popularity. What does it mean for us? Any individual who wishes to invest in Bitcoin must have a fair knowledge about Bitcoin and Bitcoin farming. In simple words, Bitcoin farming is all about extracting value from Bitcoin. Bitcoin miners, similar to framers, work on a complex algorithm and extract value from it. In simple words, Bitcoin farmers or miners, as we know them, work on computational problems, they ensure that the system is secure, and using this, they solve complex problems. The ones who can solve these complex problems get a reward in the form of Bitcoin. All these transactions and records are stored on the Bitcoin ledger, making it tamper-free and hacks- proof. There are two ways via which you can start exploring more about Bitcoin, you can either star working as Bitcoin farmer or miner, and work in computation problems or you can start investing in it by choosing the best cryptocurrency exchange platforms. Investing in cryptocurrencies is the best move that you can make. Bitcoin and other cryptocurrencies will surely make a strong presence in the future, and this is the right time to start investing in it. You can opt from the different Bitcoin exchange platform. Some of the best cryptocurrency exchanges you can consider are Coinbase, Binance, CashApp, Bisq, and many others. You can choose from either of these and start your investment in Bitcoin. If you wish to invest in Bitcoin, then you can also consider buying using Bitcoin ATM. You can buy and sell Bitcoin from Bitcoin ATM using cash or debit card. There are some Bitcoin ATM that allows you to sell and purchase Bitcoin. Conclusion This was the basic information about Bitcoin farming and Bitcoin trading. If you are futuristic and wish to invest in it, this is the right time to start your investment journey. Ensure that you thoroughly assess the market and study the market trend, based on it; you can start working on it. For more interesting information, connect with Blockchain Council today.
Just hit level 30, did private clinic, im at 10mil after upgrading stash to level 2 and buying back some shit i had to sell to do the deal. I wanna get a bitcoin farm up but i have to get both the health center and nutrition center up to level 3 to get Intel level 2. My question is: Is the bitcoin farm worth it, or should i invest it in something else?
I'm still pretty new to this game and have a bitcoin farm for the first time, at the moment level 1 with 10 gpu. Do you think it is still worth it to invest more in te farm, even up to the 50 gpu max? I know last wipe took pretty long to arrive but I don't know if it will be like that every time, so I don't know if it will pay of before a potential new wipe.
Is it even worth using the bitcoin farm before getting solar power?
Tried searching around for an answer but couldent find anything related. And if yes to question, how many cards is required to make it worth to use prior to solar power? hopefully some math heads know, I tried doing the math but I'm just lost
Ok so i finally can build the bitcoin farm. Last wipe i decided not to do it since i joined too late and i wouldn't have made much of a profit from it. This time i am not TOO late, even tho i am way behind the chads and all... Still, i wonder if it's worth investing in it, considering they've changed the coin prices a lot. ?
Hi, right now I have 10 graphic cards in my bitcoin farm. I'm wondering if its worth buying or farming till I reach the max limit. I think its not worth it. Graphic cards are so expensive right now and it feels like they will still go up in price. what is your opinion?
I'm pretty new to the game, just getting the hang of it. Does anyone have some proper tips on how to most efficiently use the generous b-day gift from BSG? I could of course just buy some nice armor and survive for a few seconds more each raid, but that doesnt seem to be the smartest ways of using the money imo. Maybe buying the necessary items to level the hide-out? Get that shooting range and get used to my go-to gun that i can start to mod now? Buy a nice hat and 3-second pistol-run on factory?
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