0

I am looking to buy a Bitcoin miner. I am from india. So I want to ask , will it be profitable to buy a bitcoin miner set and start a mining business in India ?

closed as off-topic by Mark S., cdecker, Pieter Wuille, Murch Jun 13 '16 at 8:32

This question appears to be off-topic. The users who voted to close gave these specific reasons:

  • "Questions on current market values, energy costs or service provider availability are off-topic as the answers are changing too frequently to be useful to others." – Murch
  • "Questions seeking product or service reviews are off-topic because they tend to attract subjective, low-quality, and spam answers. On the other hand, offerings in the Bitcoin space are still evolving rapidly which often renders answers outdated quickly. For more information see this meta-discussion." – Mark S., cdecker, Pieter Wuille
If this question can be reworded to fit the rules in the help center, please edit the question.

2

That all depends on your local electricity costs, including cooling costs. It may also be determined by the rates offered at the exchanges you have access to.

I don't know of any India-specific mining profitability calculators, but here's one that calculates based on US dollars. You could probably convert your costs to dollars and come up with a reasonable answer.

  • Warning: be careful with calculators: I've come across at least one that does not take the halvening into account. It simply keeps using 25BTC per block. I haven't tried the one mentioned here, so this is just a general warning. – Jannes Jun 10 '16 at 9:16
  • I think , you are absolutely right. Because , the cost of electricity is really expensive in india. And a individual miner can't make much profit using high rate electricity. – letyouearn Jun 10 '16 at 10:50

Not the answer you're looking for? Browse other questions tagged or ask your own question.