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Making everything easier, I would just invest into ASIC miners. The resale value isn't there if you can't use it to mine anymore, but that won't be an issue for years. Also the return on investment for ASIC miners, if you can get them at list price, is 2-3 months, which is insane. Here's a short list of ASIC miners and how much they make a month compared to Miningstore.co's GPU miners: Antminer S9: $262.32 (BTC) Antminer T9: $203.87 (BTC) Antminer R4: $163.71 (BTC) Antminer S7: $16.92 (BTC) Antminer U3: $-3.73 (BTC) Antminer C1: $-41.93 (BTC) Antminer D3: $2,177.31 (DASH) Antminer L3+: $510.57 (LTC)
Miningstore Imperium: $229.41 (ETH) Miningstore Nexus: $195.55 (ETH)
Income Rates set for the market prices at 11:05 EST 9/19/17
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Even if you could get the cards to hash for ETH (which you would need at least 4GB to do), you would be spending more on your power bill every month than you would be making money on ETH
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Making everything easier, I would just invest into ASIC miners. The resale value isn't there if you can't use it to mine anymore, but that won't be an issue for years. Also the return on investment for ASIC miners, if you can get them at list price, is 2-3 months, which is insane. Here's a short list of ASIC miners and how much they make a month compared to Miningstore.co's GPU miners: Antminer S9: $262.32 (BTC) Antminer T9: $203.87 (BTC) Antminer R4: $163.71 (BTC) Antminer S7: $16.92 (BTC) Antminer U3: $-3.73 (BTC) Antminer C1: $-41.93 (BTC) Antminer D3: $2,177.31 (DASH) Antminer L3+: $510.57 (LTC)
Miningstore Imperium: $229.41 (ETH) Miningstore Nexus: $195.55 (ETH)
Income Rates set for the market prices at 11:05 EST 9/19/17
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Lol if this machine hashes at 15 GH/s, that means that it makes 30k a month but it only costs 5k to purchase..... I also haven't seen any ETH ASIC miners yet so that even more yells skepticism. Use promo code "LOL" for $0.01 off your next purchase at https://miningstore.co/ (in honor of these hilarious miners)
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I would definitely say that selling hashing power to renters is very profitable if you don't use a third party to rent through, but if that's your only option just stick to mining for yourself or buy the coins
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It sounds like you've got the makings of your farm! Now you just have to find out where you want to put them and operate inside your budget. I would reccomend miners for BTC mining or antminers for any coin that's available for that matter, but I would be careful. Antminers resale value is about $0 unless the coin is still mineable and you just decide to opt out early. If you are looking to mine a coin or token that does not have an antminer made for it yet, I would recommend GPU mining over cloud or CPU. Cloud mining doesn't make enough of return on investment nearly as fast as owning your miner. In addition, I would keep this link handy, https://www.cryptocompare.com/mining/calculator/eth?HashingPower=214&HashingUnit=MH%2Fs&PowerConsumption=1300&CostPerkWh=0.12. it's very useful when you are doing your research for which miner you want to buy. Look for what h/s or Mh/s or some variation of that, and fill out the blanks accordingly on CryptoCompare. That'll tell you exactly how much you can make mining at whatever speed that is. I've filled out the info already in the link to show what the miners at Miningstore.co hash at, just to compare. Good luck and hope your farm grows quickly! If you are looking into buying miners use discount code "Philopolymath" for $50 off your next purchase at https://miningstore.co/!
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I've seen BTC mining builds with these mini computers and about 3 USB docks with block eruptors out the wazoo. How worthwhile is that?
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sometimes nicehash doesn't display a steady hashrate but it should payout according to what your hashrate actually is vs what it showing
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You definitely want to use ASIC miners for BTC mining, the difficulty is far too high to try and mine using GPU or CPU miners. You will be spending more money on your rig's power bill than you will be making money mining crypto
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I would be worried about the moisture in the air in your basement more so than noise or heat because those things are not detrimental, but condensation inside your rig will destroy your components
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I personally like an 8 GPU build with RX 5series cards and that hashes at about 2200h/s no OC. With OC settings and BIOS mods for AMD cards as effective as they are on the 4 and 5 series cards I could see that hashrate going up by at least 35-40%
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I love Simplemining for living up to its name. Very user-friendly and easy to use for beginners especially along with no compromising OC options and both AMD and NVIDIA support
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How long until you think we will have ETH ASIC miners?
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Sometimes it's just ms share issues I wouldn't be too concerned unless it's happening very often
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Does claymore not support dual mining?
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I'm kind of new to the ASIC chips so any help here would be useful; if I were to buy PCI ASIC chips, can I plug those into a standard motherboard? Also what kind of software is available for miners that use these chips? Would I need any other kind of hardware to support these chips that are abnormal to a standard GPU mining build? (Obviously, I would exclude GPU's) Can I use them essentially as GPU's?
Thanks for your time guys! -Jacob
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Are you selling this entire order for 2k?
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I'm sorry, please help me understand how these chips work, can I plug this into a motherboard that I can buy from Amazon or Newegg, and use it almost like a mining GPU?
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I wouldn't count on seeing a reliable bounce back on BTC until China releases their token licensing system to the public, but that shouldn't be too far down the road. But yes before that happens and the price shoots straight back up, I would recommend buying as much as you can and stockpiling
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I have heard they are experimenting with a licensing option, like a permit to carry a gun, but to use BTC and other altcoins
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