I would stay away from cloud mining as the #1 priority, it is becoming harder and harder to find a legit one.
Mining is still profitable if you are in the right situation or willing to put forth some effort.
Do you have cheap electricity? If not move to some where that does or look at renting a small office to get commercial rates.
Do you have access to miners? If not you will need to buy miners at good price to make ROI easier, used miners are your best choice.
Do you live in a cold climate? If not you will need money for fans, cooling, the power to run them, etc
Do you have the electrical infrastructure? If not you will need money for outlets, wiring, breakers and possibly more
Once you figure all this out you can use a calculator to figure out if you will hit ROI. Mining is still profitable but it takes effort and possibly a little luck on your current facilities.
This did remind me, if you live in a cold climate and are willing to heat your home with miners then you can definitely make a profit it still depends on your gas rate (electric shouldn't matter much as that money is already spent but if gas is much cheaper and you switch to miners you can lose money) this past winter i did this with some s1's, power cost here is only 0.03/04 so it was worth while  |
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It sucks to see people saying that home mining is dead, It can all still be profitable. The only reason I moved to a commercial space is because I outgrew my garage.
IF YOUR power is under 10 cents profit can be made So pretty much in midwest america is fine, hell my summer rates are 7 cents and winter are 6, and areas with nuclear are about the same. So with the new miners coming out we should see some more wiggle room and options for more home miners. yeah pretty much so. many people don't realize home mining can work but not like it used to. I live in NJ 13 cents winter adjusts to 10 cents with heat savings So from Oct 1 to June 1 I can mine at a profit. but a small one at that. In the summer 16.9 becomes 18 with extra cooling. At 18 cents only sidehack's usb sticks make money. And I am not counting the power cost for the controller just using 4 watts for 12 gh. I eek by with a small profit not like last fall. 13th getting paid 5x normal on nicehash due to the paycoin rush. I think that's why alot of people are moving their gear to WA/OR for the cheap hydro electric rates |
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i hope its alot quieter than the s5, not a big deal for farms or people with small data centers but for home miners its noticable
We will probably just have to mod the fans again, I think Bitmain is more concerned with the big farms and keeping cost low by just using a industrial jet engine noise fan. I find the white noise from the fans relaxing, sometimes I open the doors to the mining rooms at my house. It makes me fall asleep faster. lol yeah, also good to block out ambient noise when the kids are sleeping!  |
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This is getting interesting, cant wait to see more specs and price
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i hope its alot quieter than the s5, not a big deal for farms or people with small data centers but for home miners its noticable
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mining is alive and should stay alive. At least for the time being.
especially with the price slowly creeping up |
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i usually keep the preev tab open all day at work so i can monitor the price, even though ive been out of mining since Jan its still interesting |
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yeah it makes sense for them to put their money into btc, the volatility of bitcoin is nothing compared to their economy's situation, they need to protect their money
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i might be interested in these, the stealth factor is pretty awesome. ill be watching to see what price you get worked out for the used 4.1's
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can anyone on here help me set up my antminer. I plug in everything correctly. when I type the IP address of the miner on the browser and not connecting to the internet. it say the device with that IP is not responding.
Did you get the miner from someone else or is it one you were using and know it for sure is the IP? As general advice I would look at connected devices to router try to find it. Assuming you don't have a lot of connected IP's you should be able to try them and hopefully find it's IP. I would try finding quite a bit first. But if you cannot find it resetting it is the next option. i got the antminer on ebay they were working fine at my old apartment. i have stop minning for a month cuz i was moving and now in my new apartment with different internet company. i do not have a router i only have a motern. yeah you need a router.. you dont have a wireless router with a 4 port switch on the back? how are you plugging it in? direct to your cable modem? |
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After reading all these replies, i just want to know whats the minimum Gh/s that i should have to start mining and get some profit And Thank realy you for your help it depend , if you want to go small 1 tera should be suffice otherwise, you need 10-100 for a very good profit, around 100 tera will give you 1 btc a day, but without cheap electricity all those 100 btc will go to the bills Thank you I just need a profit between 0.01 and 0.1 btc per day Is 1 tera enough ? yeah 1TB is enough man, it might take 5 months to recoup the cost of the miner but after that you will be in the green and earning profit.. but in 5 months that 1TB machine will be making significantly less profit than now. Your best bet is start off with as much as you can afford and supply power to |
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I'm game, been away from the forums a bit and am jumping back in. Will add sig when I get to work You will need to improve your post quality. What do you say? Do quote this PM when replying. Thanks ndnhc |
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I've got a bunch of these leftover from a ram upgrade and looking to get back into mining.
If there's any interest I'd be willing to trade for miners or sell them.
I've got free power and not opposed to older gear, although anything less than U3/S1 I'd have to pass on
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yeah a usb miner is not very good anymore.. the antminer U3 will make you like 10-15 cents per day at most
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if you have free electric you can still make profit but not much at all
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Huge thank you to you guys for waking me up! I took my Terraminers offline last Fall and figured they were simply worthless. I had no idea there are places around the country with free power.
My miners are now sold via ebay and on their way to a new home!
glad it worked out for you ! |
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free power in Portland OR area (work in IT with a server room)
how much can you handle? I would like to workout a deal where we split profits. pm'd replied |
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free power in Portland OR area (work in IT with a server room)
how much can you handle? I would like to workout a deal where we split profits. pm'd |
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