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Hello, my name is Bhanu Shakya, and I'll answer . So, let's start with a small questionnaire I've prepared, which is based on all the queries I've received. The first question is which miner to buy. At present, the most efficient miner available in the world is Bitmain's AntMiner S9, which mines with a hashing power of approximately 11 terabytes to 133 terabytes.
Its power consumption ranges from 1200 kJ/ ... It costs approximately 1232 USD. After importing it into India, you will have to pay shipping charges as well as custom duty. You will also need a power supply. I would prefer to buy the power supply from bit.com itself, which will be reflected in your list along with the miner.
When you add both of those items to your card, they will then tell you its total amount in BTC. One thing that is very important to keep in mind is that they only accept Bitcoin as a payment. They do not accept payment in any other currency. So, all your payments will have to be made in Bitcoin only.
This includes your miner plus power supply, shipping, and custom duty. After importing it into India, this miner, worth approximately 132,000 to 1440,000 rupees, will be delivered to your home. Next question: To run this miner, do I need some high- speed internet? No, you can run this miner with any normal internet.
You can run it like I do. You do n't need high-speed internet. You can take your 500-512 kbps internet, which you normally use at home, and plug a wire into your miner, allowing you to mine 24/7. There are many myths and companies that claim you need high-speed internet. This isn't true. I only use my 1 Mbps plan, and you can see how I attach multiple miners to it and mine through them.
It doesn't make much difference to your internet speed. It does make a slight difference, as it consumes a little bit. This miner is designed to run 24/7, and you can run it 24 hours a day. It's not likely that the miner will overheat or anything will happen. It's important to keep it in a cool, dry room or place.
Install your miner in a place with cross ventilation. There's no need for an AC or cooler. If you install an AC in that room, moisture will build up in the machine, and there's a high chance your miner will get damaged right away. So, please, there's no need for proper cooling. You can simply install a simple exhaust fan to ensure cross-ventilation in your room.
The miner itself is so efficient and has enough fans installed to control its temperature. The next question is, how will I get a return on the investment I made in my miner, and when will I get it? As of today, November 3, 2016, and according to the current difficulty, this miner will generate 387 bitcoins per month.
It's not necessary that it will generate the same amount of bitcoins every month because the difficulty of the Bitcoin network is increasing day by day, and the difficulty is increasing the most. Probably every two weeks, the difficulty level either increases or decreases, depending on how many miners are joining or leaving the network.
Hopefully, Bitcoin has become so popular that new miners are joining the network, and new people will continue to join the network, and the difficulty will continue to increase, which will cause your Bitcoin output to decrease day by day and month by month. No one can promise you a fixed amount of Bitcoin, because it's not technically and practically possible.
I hope I've answered all your questions related to mining: how to import it, how much will it cost, what will my output be, what difficulty is, and what effect it has on our mining output. I've explained all this in my next video, so please watch my next video. Thank you.
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