Beginner in mining - Low elecricity price

[Tykilito]

Hello all,

I'm looking for information about crypto mining. I am located in France. I have the advantage of paying 0.0051/kWh, so I think it could be profitable. I have a budget of around €3,000. I already have three-phase power.

Can you advise me if which altcoins will be interressting for me ? I don't know much about it, but the dual mining aspect of dogecoin/litecoin really appealed to me.
Hardware-wise, is it better to buy an ASICS at the risk of being limited on the cryptos I can mine, or is it better to go for a rig?


Thanks in advance for your advice.

[FP91G]

Hello all,

I'm looking for information about crypto mining. I am located in France. I have the advantage of paying 0.0051/kWh, so I think it could be profitable. I have a budget of around €3,000. I already have three-phase power.

Can you advise me if which altcoins will be interressting for me ? I don't know much about it, but the dual mining aspect of dogecoin/litecoin really appealed to me.
Hardware-wise, is it better to buy an ASICS at the risk of being limited on the cryptos I can mine, or is it better to go for a rig?


Thanks in advance for your advice.

A video card rig will pay off for a very long time even if you have free electricity. You can buy a dirty piece of junk (RX 470 and similar) and pay it off in 5-6 months, but even I wouldn't do that.

https://www.asicminervalue.com/

Choose the Bitmain Antminer 21 series air-cooled ASICs or the MicroBT WhatsMiner analogs.
If you want to mine Litecoin + Dogecoin, then the Bitmain Antminer L9 (17Gh) is a good and reliable ASIC.
You will recoup your investment in 12-18 months, according to the calculator, but it depends on the price of the coins.

What is your maximum power consumption?

[Tykilito]

Thank you for your reply. Currently I have 8kw available but I can go to 16kw easily. I saw the L9 but it's expensive, right?

Do you have any Asics buying sites to recommend?

[safar1980]

Thank you for your reply. Currently I have 8kw available but I can go to 16kw easily. I saw the L9 but it's expensive, right?

Do you have any Asics buying sites to recommend?

I'll give you some advice too
Scroll down the page a little and you'll find a list of equipment sellers.
https://www.asicminervalue.com/ru/miners/bitmain/antminer-l9-17gh
you can find this list and prices for each asic


If you are in France, be sure to ask miners from France for advice on where to buy an ASIC.
In my country, ASICs are sold for cryptocurrency and mostly on prepayment, and we have a lot of scammers and fake stores.
https://bitcointalk.org/index.php?board=48.0

[FP91G]

I looked at the activity of French miners and I see that it is very low there. Apparently electricity prices are very expensive for mining.

Find a popular European YouTube mining blogger and look for information about the best suppliers in his community.

[doubletheprof]

5 cents is really good for mining!:)

[Tykilito]

I thought my low electricity cost would allow me to be profitable, but it seems that this is not the only factor...

[FP91G]

5 cents is really good for mining!:)

This is good for mining if you don't have any additional expenses and you have permission to mine. For example, my electricity cost is less than 5 cents, but I can't consume much electricity in a private house, so my mining will be limited to one or two ASICs no more than 7 kilowatts per hour.

[Tykilito]

5 cents is really good for mining!:)

This is good for mining if you don't have any additional expenses and you have permission to mine. For example, my electricity cost is less than 5 cents, but I can't consume much electricity in a private house, so my mining will be limited to one or two ASICs no more than 7 kilowatts per hour.

So you think this power isn't enough for mining?
I could go up to 16kW at most.

[FP91G]

5 cents is really good for mining!:)

This is good for mining if you don't have any additional expenses and you have permission to mine. For example, my electricity cost is less than 5 cents, but I can't consume much electricity in a private house, so my mining will be limited to one or two ASICs no more than 7 kilowatts per hour.

So you think this power isn't enough for mining?
I could go up to 16kW at most.

I think you should try mining because your 0.0051/kWh is practically free. If you are not ready to buy a modern ASIC, then buy an ASIC S19 series for 300-500 euros and try. Do not be afraid to gain experience in practice, if you succeed, you will find an investor for 4-5 modern ASICs and expand to 16 kilowatts.
You really have a price of 0.0051/kWh? There are no such prices in France.

[doubletheprof]

Mine altcoins and HODL in bitcoin

[Tykilito]

I think you should try mining because your 0.0051/kWh is practically free. If you are not ready to buy a modern ASIC, then buy an ASIC S19 series for 300-500 euros and try. Do not be afraid to gain experience in practice, if you succeed, you will find an investor for 4-5 modern ASICs and expand to 16 kilowatts.
You really have a price of 0.0051/kWh? There are no such prices in France.

I work for an energy company.
Where can you find Asics at this price?

[Tykilito]

Mine altcoins and HODL in bitcoin

which ones are you thinking about?

[FP91G]

I think you should try mining because your 0.0051/kWh is practically free. If you are not ready to buy a modern ASIC, then buy an ASIC S19 series for 300-500 euros and try. Do not be afraid to gain experience in practice, if you succeed, you will find an investor for 4-5 modern ASICs and expand to 16 kilowatts.
You really have a price of 0.0051/kWh? There are no such prices in France.

I work for an energy company.
Where can you find Asics at this price?

In Russia, a lot of equipment is sold in telegram channels for miners. I can give you a link to a trusted channel to view prices. There are current prices and models that are usually in high demand in Russia. Explore it.
https://t.me/marsmars1TG

There is a company representative on the forum
https://mineshop.eu/
https://bitcointalk.org/index.php?action=profile;u=2337246
Ask him for advice.

Also in Russia, on almost any marketplace, you can find used ASICs and other equipment and look at reviews about the seller.
Is it really a problem to buy used ASICs in France?

[doubletheprof]

Mine altcoins and HODL in bitcoin

which ones are you thinking about?

The most profitable ones,right now DOGE/LTC ofc

[FP91G]

Mine altcoins and HODL in bitcoin

which ones are you thinking about?

The most profitable ones,right now DOGE/LTC ofc

At the author's price for electricity, it is profitable for him to mine any coins on any equipment