How to mine (and make profit) off of BTC?

Hey all,
I'm interested in learning how to farm BTC efficiently and make some profit . I already know that basically mining is what confirms the BTC transactions, but mining just off CPU and GPU makes like little to nothing per day. I prefer to do it on a vps of some sorts if possible, since I heard electricity costs are pretty high. Also if someone could explain ASICs for me, that'd be great! Any help though is must appreciated. Thanks

 

Yeah, so Cpu/GPU Mining is something in the past, try about 2012? Now the only way to mine (at a profit) is to use an ASIC miner. The two being still profitable to use are Antminer S9 (2300 on amazon + 240 dollars for PSU) and the Bitmain Antminer R4 (1900 + 240 for PSU) Again this is just the upfront cost, now you must understand that the s9 consumes about 1323 +/- watts/hr and the r4 945 watts +/-. Your cost for electricity is a huge factor in determining how profitable mining will be. On average you can expect to pay about 3.20 in electricity at (0.1 kWh cost) and that means with your hash rate at 13.5 TH/S you will make about 8.90 a day in total. It's important to note about every 2 weeks you make about 2% less and this is only assuming bitcoin sell rate remains unchanged. Basically, long story short, to become a miner it will take you around ~ 1-year Avg, to break even and after that, any more mining is all yours to keep in profit assuming bitcoin continues to go up in price. Type in "bitcoin mining calculator with difficulty increase" and you can get estimates for the difficulty increase but not really accurate dollar amount figures because bitcoin can jump/drop in price very frequently. This is something you should only get into if you have good calculations and expectations for bitcoin to raise in price as you mine.

 

Oh snap, well that sucks. Thought this was gonna be easier but doesn't sound like it. Could be possible to buy like 50 of them and make profit a lot quicker but that requires a looootttt of power which is hard to get :/