I think ASICs are a positive for Monero because it may limit the ad mining with your CPU ... or, at least, make it less profitable.

What are your hosting and electricity prices?

Maybe short-term speculative price, but BCH adoption is much higher.  It's lower risk for merchants and processors. Oh well, maybe Lightning will figure out the many-to-one and one-to-many transactions ...

I've been mining for a little over a year with my first S9 arriving in Jan 2017.

During this past year, no matter the price, it never dipped below an equivalent of $15 per machine per day.  The last two months, however, the difficulty nearly doubled and daily profits have dipped down to around $8-9. 

I'm considering expanding into a warehouse, as I live in an area with relatively cheap electricity available in the countryside and can maybe get ahead of the game ... but is it worth it?  BITMAIN and others have very large facilities of 300,000+ S9s;  I called the electric company and BITMAIN is paying around 4.3c kW/h.  The public electric company has a moratorium on any new mining farms and are, likely, going to increase the upfront costs.  I was pointed to this document from WA: http://www.chelanpud.org/docs/default-source/default-document-library/bitcoin_information_final.pdf

I know there are some people who were around in 2014 when the new miners weren't being delivered and price was so low people were turning off their miners.  Can anybody tell me what that was like? Has the profit ever been this low?  I'd appreciate any insights.

Best.



 

Mining provides an "objective truth".  In a proof-of-stake system, you are more-or-less trusting central code without external objectivity.   

It doesn't work for me to send, either ...

Do you have a miner you're interested in having hosted?

I'm going to rent a warehouse.  I may have some extra space to colocate a few miners. I'm looking for a place now and will need to build it out. The goal is to have it up and running by the end of April/May.  Let me know if anybody is interested.  If I do end up hosting, it'd be 8.3c KW/h and $50 per month.  This would help cover the extra upfront costs and additional insurance. 

I'll post more information as it develops.

I wouldn't recommend the acoustic foam.   It was useless.  I bought some Safe N' Sound for the room and, then, the air vents let sound through.  The Safe N' Sound is really good though.  I would use it, again, in the future and recommend it.  

I'd need to do more construction for what I need and am going to sell the home, buy more miners, rent a warehouse and spend more time in Central America.

I watched a Bits Be Trippin' vlog on YouTube a week ago, or so, and he was mining on an AI card - in place of a graphics card - and was getting 90+ MH/s on ETH. Maybe these are for the GPU market?

I've sound-proofed the entire room, but am going to expand and move to a warehouse.  That'll solve the problem.

You may have a 6 month ROI in terms of USD, but the BTC is the opportunity cost.  I spent ~3 BTC on two S9s last January and while I've made the USD equivalent back, I've mined about 2.25BTC (plus a little BCC).  Out of the Bitcoin returned, I've also paid for electricity.  So, I guess it's about cash flow

This miner is for sale and is advertised at 13.5 TH/s with only 1050W.  It's liquid cooled. $1895.




https://syanmining.com/hardware/

Does this seem legit?  

I've heard of some mining companies in the past scamming people.  It's 14nm

If you run 110, you'll need to get an ATX power supply.  The ASIC PSUs are designed for 220.

I've looked into rented space in a data center and I've found it wouldn't be cost-effective, but if you already have the space ... it could work out.  The biggest additional expense would be the electricity.

I would prefer to keep them in North America.  I think Georgia has came out favorably to crypto.  I'll check out his profile and may get back to you.

GigaWatt has a couple of openings in January, but they're are doing some weird ICO thing where they want you to pay in their tokens.  I don't really understand that I have four D3s coming next month.  I'm thinking about building out a place in the basement for about 10.  I don't want to wait until January w/ the consistent jumps in difficulty.

Do you have any miners with the individual in Georgia?

Interesting.  It does seem far fetched for an unknown company to come from the sidelines and punt beyond a company who has been making them for years without anybody surpassing their price point per hash.  Although ... that's exactly what does happen from time to time in tech

Any thoughts on a faster ASIC than the S9 14 TH/s in the next 6 months?

I agree.  I don't think I'd be using the linked site.  I'll stick to Coinbase and BitPay for exchange wallets. Other than that ... hardware wallet

I agree; it's probably expensive to setup liquid and would take maintenance.  

Would you buy a 16/14 nm Bitcoin miner, at this point, or wait for the next gen to come out?

It'd be nice to save some energy, right now, but I'm worried about playing with the S9s.  One could probably increase efficiencies with liquid cool, but I'm afraid I'd ruin them.  It took me eight months before I was comfortable taking them apart to clean.  I'd probably try it on an S7 first if I owned one.

That is rad.