Beginner asking for help
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Hello everybody , my name is Kay.
I am new here (22 years old from Germany) and i saw Burst the first time today.
So i registered here and made a online wallet with the software.
At the moment im plotting one hard disk of mine and while the program is plotting i had a lot of ideas....I was thinking about the idea, that i can buy 10 of these external hard drives (8TB External hard Drive)
That would make 80 TB space together. It would cost about 2100 Dollars which is about 1910 Euros at the moment.
On the site http://burstcoin.biz/calculator
it is said , that 80 TB of disk space can earn about 3893976 Burst a year at the moment.
(2635 Coins per block and 2738840 Base target)Calculated in exchanging it to Bitcoin that is about 4.71171096 BTC a year (which is about 3030 Dollar or 2750 Euro).
Without the electricity costs there would be a win of (2750 - 1910 Euro) ---> 840€/this year ?????????
But how much is the electricity consumption involved in the costs ?
Because the hard drives need power supply i guess
My question is , wether my calculation is right and if that would be a good idea to start ?
My Computer is really old , i run a 64Bit Win7 Ultimate Service Pack 1
(Intel(R) Core(TM)2 Duo CPU E6750 @ 2.66GHz) with 4 GB of Ram
and NVIDIA GeForce GTX 560 TiI think about to buy a new Computer (this has nothing to do with my calculation)
Is it relevant how strong my CPU is and do i need a special USB-Hub for 10 external hard drives ?In addition to this post i also need help by getting into the topic and need help to understand how this system works
and how i can start mining (I have plotted 2 Hard disk drives (one 387GB / second 147GB) and i want to start tomorrow with mining.I would be very happy for a helpful answer.
With kind regards from GermanyKay
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@Hanftychoon said in Beginner asking for help:
electricity costs
This thread has some answers you are looking for.
https://forums.burst-team.us/topic/1418/real-questions-real-person
i also need help by getting into the topic and need help to understand how this system works
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@socalguy thank you
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@Hanftychoon Hi Kay and welcome to the Burst community. External USB 3.0 drives are one option and yes you will need a USB3.0 hub to attach all the drives. Another option is to have a desktop PC and attach hard drives internally. Internal drives are usually cheaper and use less power. Your calculations are correct as of today, however the price of Burst can change (look here for historical price https://poloniex.com/exchange#btc_burst). Regarding whether "Is it a good idea to start?" that is up you entirely as it is your hard earned money that you are risking. The best advice I can give is no matter which type of drives you decide to buy always look for a bargain, the cheaper your setup costs the quicker you will recoup your investment. Other advice would be to ask other users which kind of setup they went for and why. There is a bit of learning in getting to know Burst, but the community here is fantastic and they all are willing to help if they can. So read through forum posts and watch the video tutorials and you will be a Burst expert in no time at all. If you have any more questions just ask.
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@Hanftychoon Is your win 7 64 or 32 bit? 64 is the way to go for burst. Also, a simple walkthrough here will help save you time to navigate from thread to thread: https://forums.burst-team.us/topic/1639/burst-newbies-walkthrough-a-must-read-for-beginners
electricity is minimal ~5 watts per drive per hour. Also, the drives only runs once every 4 minutes
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I really thank you guys , this helps me a lot
