Thanks everyone for your replies. I can't multi quote (for some reason) and im still limited in how quickly i can reply, so apologies for not quoting you all individually!

BITFORT:

"NOTE: You can do similar thing with any algo.
No need to limit yourself earning/holding only the coin you have miner for.
At some pools (zpool, prohashing...) you can mine e.g. LTC (scrypt) but can get paid in BTC (sha256)"

I assume i can't switch to any algo with an ASICS miner though, is that right? They are stuck on the scrypts that are loaded onto them, or is that incorrect?

"Maybe try to search for reasonable priced offers rather than algo specific miners."

You are talking about GPU mining here, right? Because i thought all pre-built ASICS type miners are limited to whatever scrypts the manufacturer puts on them



FP91G

"ASICs for Litecoin or Bitcoin are very noisy, it is better not to use them in the apartment.
Look for a graphics card for your computer. You can still mine Ethereum before mining ends.
ethermine pool allows you to withdraw 0.005 Ethereum through L2 Polygon (matic).
You can play games on a video card or sell it if mining is not profitable."

Thanks, noise is one thing i did consider, the mini doge miner is supposed to be very quiet, which was another advantage of it. Because at first, whatever miner i build (GPU) or miner i buy (ASICS type) will be going into my bedroom with me! Since that is where the router is located and until i figure out where else in the house to re-locate my set up.

Playing video games on GPU'S and the value of being able to sell them afterwards is defintely and advantage for building my own rig for sure. I know you said in your 2nd post that the 2nd hand market has come down for these GPU's but i jsut feel the process of trying to buy 6 GPU's (for a full rig) right now is so tough. I tried for over a month and i couldn't even get one card close to MSRP. Unless im looking in the wrong places!

Also the time it'll take for me to build out a rig and with EiP1559 + the merge happening soon, i don't think its possible for me to mine much ETH before that happens. I feel like im late to that party?


joniboini

Thanks, i agree. Although, i guess it's the risk anyone is taking right now by getting into mining. I kind of have to be prepared to lose it all to take the risk, or atleast expect an extremely slow ROI. But yeah, the GPU market does suck right now, it has done for about 9months+!

Thanks mate, really appreciate it!

That was my plan, to HODL. I want to ROI and then cash out and after that HODL everything i make. It just hard to know which coins to mine now. But i guess every miner in the world has the same problem once ETH goes to PoS!

Thanks, The bitcoin ASICS miners are really expensive, i don't think i'd like to spend that much for my first ever miner. I'd like to go smaller, work my way up and gain more knowledge and experience along the way.

I understand what you say about dogecoin, and i was wanting to mine a more solid coin with good utility use. Obviously with ETH going to proof of stake soon, it's not going to be possible for me to mine that. But what other coins are there? Everyone is goign to switch to Ravencon or Ergo when ETH goes, and the difficulty will go up a lot i think.

Maybe i should look for a LTC- Litecoin only miner?

Can you mine LTC with a GPU rig too, or is it only ASICS miners that do LTC?

Thanks

Thanks

I had a look at the Apollo, does this mine only LTC? I'm not sure about the Moonlander, it runs at 5 MH/s, how can this be profitable, unless you get 100's of them?

Thanks Lafu

I know the basics, i have been reading up on mining for a few months now. I was going to mine with HiveOS but i just can't find any GPU's for a good price. Then with Nvidia releasing the LHR (low hash rate cards) it made it even more difficult because you don't know what your getting until it arrives. I know it's meant to say on the LHR on the box, but people were reporting it didn't. Also the price of RTX 3070/3080 right now is crazy.

Plus with EIP559 coming out and the ETH merge happening within the next 6 to 9 months, getting ROI on a GPU rig set up seems much more difficult right now?

That's why i was looking into the Doge/Litecoin Asics set up, it mines at 185 Mega hash and runs at 223 watts for around $700. I thought it might make a good starting miner for me as its low cost and a fairly low electric power consumption?

Hi, i am new to crytpo mining and I'm thinking about buying a Mini Doge Miner. It mines Dogecoin and Litecoin at the same time (via scrypt). I am really new to crypto mining and i wanted to ask if people think this is a good first miner to get started with?

I wanted to get started with GPU mining but the price and availability of graphics cards has made this nearly impossible for me to build a rig. So i was thinking of buying this ASICS DOGE Miner to get started. Is this a good or bad idea do you think?

Thanks