Bitcoin Forum

I mine bitcoin using NFT The Greedy Machines. Below are their comparisons to a physical miner. I have a question, are there better projects out there?

Below is a comparison of a real miner with one of our digital items.

We tried to choose the parameters that are most alike, so the following contenders enter the ring vying for victory:

The Antminer S19 (90 TH/s 32.5 W/TH) and 64 TH/s 35 W/TH NFT.

Because the real ASIC is cheaper, we'll add another one to it. As it turns out, we are putting miners with better energy efficiency and much more power against our NFT.

Who will be more profitable in this matchup? Our digital miner. Even though the S19 has the best indicators, its annual return is only 8.1%, while the ROI of our 3XL NFT at the time of this post is more than 36.2%.

Why is there such a big difference? It's simple.

Our Greedy Machines possess a combination of favorable factors like:

• The lowest price for electricity on the market (from 4.5 to 7 cents per 1 kw/h);

• Full maintenance of miners, which our company produces better and more inexpensively than third-party contractors;
 
• The lowest equipment purchase prices by GMT;

• The discount system for NFT holders that can total up to 14%.

And the last point not mentioned above. Unlike real miners, the power of their digital counterparts from GMT is constantly growing, which also leads to the extraction of more BTC that are then sent to holders' wallets.

There is no best way to mine Bitcoin but for the safest way to mine Bitcoin do not invest in any cloud mining sites or NFT or any digital form with hashrate they are mostly a scam.

That's the big difference buying digital vs physical miner I will never invest again to any form of mining with digital even it is NFT because I already experienced to be scammed by some investment sites before.

Can you tell me more about that?

This post written by ck could help you a lot : https://bitcointalk.org/index.php?topic=2415854.0 (From part 3 to the end)

Got it, it's 2023 after all.

Yeah we have heard that before, there is always a newbie offering high ROI rates on their cloud mining services, it's 2023 after all, we all know most of the cloud mining services are nothing but a ponzi scam.

1000 percent true I don't know is cloud mining still exist the last cloud mining that I know legit and pay(*back 2016 ago) eventually cant be accessed it called hashnest and the one called genesis mining but i don't know if they still operate

---

Mining for fun using one or two machine is okay but the difficult of bitcoin is on rising so its better to keep price electricity low and have efficient miner

anyway why this post in service discussion it should me on mining board right?

Genesis is dead now, since FTX shithole happened..

Here comes another noob peddling lies about Bitcoin mining in favor of his ponzi shitcoin scam. No thank you, we are better than that here.

Ooh, so you even know that the Bitcoin miners are the real miners, you on the other hand are just out-of-a thin-air scam miners

There is no comparison here, you can't compare something that is real to something that is fake/scam. The real one wins all the time!

While I can't provide a definitive answer on whether there are better projects out there, I can suggest that you continue to do your research and look for projects that offer similar advantages to the Greedy Machines.

Now, I think Bitcoin miners have changed their ways and are more efficient, like using solar panels. As far as I can tell, nothing like it used to be.

Some of the main factors to consider when comparing projects include electricity costs, maintenance costs, purchase price of equipment, and user discount or incentive systems.