So I can now get my electricity for $0.05 per KWh. This is a new opportunity that has landed in front of me and I have the capital to invest a decent chunk into this. I was wondering if it is currently profitable to be doing it from scratch whilst paying the price listed above.
I've done a lot of research throughout reddit and toyed with some of the calculators but thought I'd post with my actual situation to see what other people thought.
Thanks for the time and hopefully I haven't broken any rules posting this!
This is a good electricity price for ASIC mining. I don't know if you have premises to install asics and what expenses you will need to start. I would immediately buy a container for asics, because this will allow you to quickly start mining and the container can always be transported to another place. Otherwise, you will have to spend a lot of money on repairs elsewhere. In the USA there are some nice containers for 20k they can do 150 s19s But they need a lot of kwatts to do that. around 500kwatts of power. While the op mentions 5 cent power he did not say if he has 10kwatts an hour 100kwatts an hour 1000kwatts an hour. It will help to know what he has available to him. I also saw small containers for 100 ASICs on sale. If he has 300-500 kwatts an hour, then he can quickly start a business. And the remaining places can be rented out to close friends, because the investment will pay off in less than a year. If there are 20 kwatts an hour, then this is not enough for ASICs, and for video cards, the payback period is 3-4 times higher. |
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If this is not a scam, then we will soon see reviews of this ASIC. Compared with the new ASICs from Bitmain, the characteristics of the new ASIC are real, but everyone is interested in what chips it is built on.  https://shop.bitmain.com/Buyers will be interested in the price and reliability of the new ASIC. |
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And now calculate the cost of acquiring USB ASICs for hashrate at 14th, power consumption and noise level from 7 pcs COMPAC F 2.1.
Some people don't want 14th, a noise box and all that, they just want a chance to solo mine a block, there is no way you are getting 40 db on an S9 running at 14th unless it's freezing cold and fans are sitting near idle at 20-25%, a very difficult condition to be met giving that the noisebox will increase temps regardless, 50-55 db is more like it, ya if you put it in a different room it could work, but again, not everyone has a spare room. Also, while an S19 gives you 7 times the hashrate (2 vs 14), it also uses 7 times more power, someone who pays 10 cents per kWh will only have to pay 6$ a month while still getting a chance to hit a block, vs paying $90 a month running an s9, in just a few months the power bill alone will surpass the cost of the USB miner, you see we can keep going back and forth of how something is better than the other, but we will get nowhere because as I said, everything has it's own use case. If someone lives in one room of 20 square meters and has expensive electricity, then he should not be mining. It's better to buy lottery tickets every month, because he might have a better chance of getting rich  04:42 ASIC noise level in the Noisebox in Normal mode https://www.youtube.com/watch?v=Ne8kV64AufA&ab_channel=SeregaSoleniyminer |
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ugh gddr7 with 32gts speed bandwith 1.5tb which is faster than radeon 7 hbm2, should be king for crypto mining which is released 1.5 year from now
it might to late come to party 2025 which consider to risk for roi before another bubble-pop.
Only on the condition that Ethereum can be mined again on video cards  Not all mining algorithms depend on the frequency of the video card memory. But the saddest thing is that for other coins on the ethаsh algorithm, there have been asics for a long time. Therefore, we are waiting for 5090 from Nvidia and are surprised at its cost, because AMD does not have equivalent models. |
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OneZeroMiner 1.2.2Changelog Minor hashrate improvement(~5%) on some gpus Fixed an issue that could result in 414 errors on mallob re-connection Improved overall stability on mallob re-connection Minor bug fixes Note If you see a reduced power usage and hashrate, please adjust the OC settings. Also, locking memory clocks to 5000 or 5001 might not be the best choice for efficiency, particularly on high end gpus in each generation. https://github.com/OneZeroMiner/onezerominer/releases/tag/v1.2.2check all links with 1 post The hashrate on the Dynex coin has really grown
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Do you think it will be ok to order a batch of video cards from China for mining ?
The idea is bad because most likely the sellers will deceive you and send you not a new product, but it will be your fault too, because you want to buy video cards at a price that is much cheaper than on the market. Video cards can be defective and you will find a defect in the first months of mining, and you will not get a quick replacement from China. |
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Ravencoin DAG size is growing very fast. I think non-Video card tools have been released
The size of the DAG file is growing according to the plan of the developers. On graphics cards with 6 GB memory, you can mine until Q1 2027, and on graphics cards with 8 GB memory until the beginning of Q4 2030. It also depends on your operating system, because Windows uses up to 350 megabytes of video card RAM and Linux systems use several megabytes. If you have a 4 GB video card, then it is high time to change it or look for other coins, but I doubt that you will find anything with a good profit. https://minerstat.com/dag-size-calculator |
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Can you give me a link to a good mining site?
Here https://www.nicehash.com/There are articles, a blog, mining calculators and links to other communities. Until you write down the cost of your electricity, I can't help you. I consider now the maximum ceiling of 6 cents per kilowatt, if your electricity is more expensive, then do not start mining now. |
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If you want to mine from home using a GPU on your PC then look for a trusted and reputable mining software that will enable that for you. Cudo Miner is a good miner that can be used to set up mining farms from unused computing power. Watch here: https://youtu.be/YYnbZM2wox8In order to make money at home now on video card mining, you must have a large house and a special place to install equipment. There are no profitable coins for video cards now, so it’s better to buy asics for bitcoin mining if the cost of electricity is not more than 6 cents. |
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So I can now get my electricity for $0.05 per KWh. This is a new opportunity that has landed in front of me and I have the capital to invest a decent chunk into this. I was wondering if it is currently profitable to be doing it from scratch whilst paying the price listed above.
I've done a lot of research throughout reddit and toyed with some of the calculators but thought I'd post with my actual situation to see what other people thought.
Thanks for the time and hopefully I haven't broken any rules posting this!
This is a good electricity price for ASIC mining. I don't know if you have premises to install asics and what expenses you will need to start. I would immediately buy a container for asics, because this will allow you to quickly start mining and the container can always be transported to another place. Otherwise, you will have to spend a lot of money on repairs elsewhere. |
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" The bitcoin mining industry in Russia is booming, and hardware manufacturers Bitmain and MicroBT are positioning themselves to reap the benefits.
More machines are flowing into Russia than anywhere else in the world, Ethan Vera, chief operating officer at global mining services firm Luxor Technologies, said at CoinDesk’s Consensus 2023 festival held last month in Austin, Texas.
Russia has always been a powerhouse in terms of Bitcoin hash rate – a measure of computational power being contributed to the blockchain – thanks to the availability of cheap energy and its cold climate. Russia’s share of world mining gained as China banned the industry in 2021, making it the second- or third-largest in the world, according to one of its biggest mining firms." https://www.coindesk.com/consensus-magazine/2023/07/28/amid-sanctions-bitcoin-mining-machines-are-flowing-into-russia-as-industry-thrives/ |
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Let's do a little math. I buy 3 ASIC BITMAIN AntMiner S9 14th for $100 and start mining on one ASIC in solo. For a year I will pay 400 dollars for electricity. And I'll buy a good noisebox for $200. After 2 years, I will get tired of the experiment and I will lose $1100, but I will still have AntMiner S9 bricks and noisebox I think the buyer of Terminus R606 will lose more money if this ASIC costs $400 . It is not just the profit vs cost, not sure how do i explain it better, you keep talking about noise boxes, have you tested them? Because I have and those not near as silent, the heat generated by 3*S9s will need some serious cooling, it is not easy to run an industrial mining gear like the S9 at home. If we talking big scale, of course those USB miners are a bad option, way to expensive for their hashrate. I suggest to buy 3 ASICs of AntMiner S9 14th, so that 1 ASIC can be used for mining, and 2 others for spare parts. When the first ASIC breaks down, I will use the second one, and when the third one breaks down, it is already possible to assemble a working ASIC from spare parts. AntMiner S9 is well designed for this. My comrades tested noise boxes, 40-50 decibels noise level in the noise box. For a balcony, this can be used. And now calculate the cost of acquiring USB ASICs for hashrate at 14th, power consumption and noise level from 7 pcs COMPAC F 2.1. |
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Hi dear community
alright after i post about the USB mining many people advice me to buy ASIC
Where are you buying it?
is there a tutorial for it?
To cover electricity and see some good earnings how many i need as a start?
Bitcoin mining is highly competitive, and the mining landscape changes rapidly. The profitability of mining can fluctuate significantly based on the factors mentioned above. It's crucial to do thorough research, consider all costs, and understand the risks before investing in mining hardware. To calculate the number of ASIC miners you need, you can use a mining profitability calculator. These calculators take into account the factors mentioned above and provide estimates of potential earnings and return on investment (ROI). Some popular mining profitability calculators include: CryptoCompare Mining Calculator: https://www.cryptocompare.com/mining/calculator/WhatToMine: https://whattomine.com/For mining on ASICs, a beginner will first need to consult a good electrician in order to calculate the free power of electricity for mining and not burn down his house or other premises. Large power consumption already requires different control and knowledge than a few GPU farms on a balcony. |
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I correctly understood that if the Terminus R606 Pod Miner is overclock to 1 terahesh, then it will consume 120 watts? In the last post, I wrote about 200 dollars for ASIC BITMAIN AntMiner S9, and this is my mistake. This ASIC can now be bought for 35-40 dollars And it's better to take 3 pieces for 100 dollars for spare parts. This is the price with the power supply. A modern noicebox will allow you to install this ASIC even in an apartment. I'm willing to bet that this is more profitable than buying an expensive R606 for 0.7-1 terahash. The R606 can do 2.1th at 88w, i hear your argument but it is like saying instead of buying motorbike, it is cheaper to buy a truck, everything has it is own use case, some people want a simple plug-n-play solution they can insert into their PC or Raspi and off they go, that is totally different from buying an S9, doing all the modifications, getting a noise box (which won't reduce the noise to the point that you can sleep next to). I read in the specifications that the overclocking limit is 1.1th and the manufacturer does not guarantee stable operation with such overclocking. Let's do a little math. I buy 3 ASIC BITMAIN AntMiner S9 14th for $100 and start mining on one ASIC in solo. For a year I will pay 400 dollars for electricity. And I'll buy a good noisebox for $200. After 2 years, I will get tired of the experiment and I will lose $1100, but I will still have AntMiner S9 bricks and noisebox I think the buyer of Terminus R606 will lose more money if this ASIC costs $400. |
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Something like R606 by GekkoScience does nearly 2th at 80w, costs next to nothing to run, and has an ok chance of hitting a block compared to an S9 that consumes 1000w and needs to be placed somewhere far so people can fall asleep, so for anyway who doesn't want to spend much on the power bill, run a silent small miner for a lottery, USB sticks are a great option.
I correctly understood that if the Terminus R606 Pod Miner is overclock to 1 terahesh, then it will consume 120 watts? In the last post, I wrote about 200 dollars for ASIC BITMAIN AntMiner S9, and this is my mistake. This ASIC can now be bought for 35-40 dollars And it's better to take 3 pieces for 100 dollars for spare parts. This is the price with the power supply. A modern noicebox will allow you to install this ASIC even in an apartment. I'm willing to bet that this is more profitable than buying an expensive R606 for 0.7-1 terahash. |
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It's hard to replicate what Bitcoin, Litecoin, Ethereum and all those early coins did before the crypto space started going crazy. Most of what we have now are just copycats and scams, masquerading as the coins of the future.
Mining such new POW coins today is just a gamble that may or may not pay off.
Ethereum started as 100% pre-mine. I member... In 2015, the payback of video cards in Ethereum mining was very fast, less than 10 months, and on used video cards that could be bought on the markets, the payback period was very good - up to 6 months and there were very few miners. Premine didn't affect the profit of miners for more than 7 years |
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i would stay with scrypt/sha256 miner, the coins has support was quite enough to handle many miner compared ethash miner which is barely life when seeing profitable fact is not eye candy number while this thing not even came out, imagine hit full market spread, the diff gonna hit roof and leaving big block of mineral I would look at the profit, and for mining Ethereum classic there are very quiet ASICs that can be used in a house or apartment. Asics for bitcoin mining are completely unsuitable for home mining today and I have not seen quiet models for a long time. What about the Hydro miner , of course the extra cost on Cooling radiator what will increase ROI. But might suit in winter time to heat the house https://mineshop.eu/water-cooling-series-water-cooling-radiator/I think that this radiator will only increase the payback period of mining equipment For this price, I can make a bath for 4 or more ASICs and send warm air into the house with a fan and a car radiator. It is cheaper to use an ASIC in a noise box at home. You can go fanless, bigger radiator(truck radiator), metal tank undergroud(naturally cool), water pump 24/7 operation to circulate water. I prefer not to complicate the mining and not contact the liquid, unless absolutely necessary. At certain points, liquid cooling allows you to overclock old ASICs very strongly and earn profit at an inexpensive price of electricity. But when liquid cooling increases costs and does not increase hashrate, then it is better to refuse it. |
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New modern asics are not yet mining at a loss even at 10 cents per kilowatt, but this greatly increases the payback period of asics or makes it impossible without an increase in the price of bitcoin.
It is necessary to calculate well how much money you need to pay for electricity if the miner is not going to sell the received bitcoins now.
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If you gather such amateurs of solo mining here, then it’s better to buy an old and proven ASIC BITMAIN AntMiner S9 for $200 and an ASIC noicebox for $200, and spend the rest of the dollars on electricity. Asics are more likely to catch a block in solo mining, but this is also a very difficult task.
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