Mining profitability / ROI
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Hello,
So I have been mining zcash for the last few months, been reading up a bit on burstcoin and have been interested to mine it.
If I spent S10,000 on 56 8TB drives right now, how many coins would I expect to receive a day? Some dude over at another forum said they were mining up to 16,000 coins a day back in april with just 315TB. Is that true?
How is the ROI for that many TB? Has the network difficulty gone up significantly recently?
Thank you!
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There's a calculator over at http://burstcoin.biz/calculator - but take 20% off in my experience - so you can expect around 3500-4000/day with that amount. If you did manage to get 56 drives for 10k ($22/TB is pretty good) then forgetting any other cost you could return investment on just disk cost within 6 months. I'd guess within 9 months to cover everything.
Difficulty has gone up significantly recently so as always take with a pinch of salt. If you can buy disks at $22/TB though I expect you'd recoup a lot selling the drives afterwards if everything didn't work out.
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Thank you so much for the fast reply!
In regards to that calculator, how would I know what to put in for my coin base target and coins per block for now?
Cheers