Should i start mining? (More info inside)

[orcanice]

Hello forum

i left the mining game back when my block erupters became worthless, it made me some nice keyhangers tho ^^

At the moment i just moved to a new apartment, where i have free electricity and free internet included in the rent. and that made me think if i should start mining again. but i have no idea what equitment i should invest in, and i prefer a place in Europe to get it from.

So i would like to know some of you guys opinions on if i should get back in the game or not. also i dont know if i should for for (SHA/Scrypt or x11/x13).





Hope you guys have some good opinions on this subject.

Best Regards

OrcAniCe.

[ranochigo]

Do you have an separate room which you can isolate the mining machine in? Do you mind if the miners makes too much noise? I would advice you to go for AntMiner S4+ by buying second hand as it has a high hashrate per density. Arguably, S7 would be better in terms of efficiency and hashrate density but the price is likely to be inflated right now as it is limited and efficiency doesn't matter much in your case.

[orcanice]

Hi ranochigo.

The miners will be in the same room as me, but i dont mind the noise.

Thanks for your advice, im gonna take a look into a 2nd hand Antminer.





But i also need to figure out how much power i can pull from the plugs in the wall.

[GriffinHeart]

Start reading up on dogie, (or someone of the likes of him)
Read all the setup guides and learn the stats and lays of the different miners and make an informed decision based on reviews, guides and comments around the threads of the different miners.

[knowhow]

Well some people buying used miners and are able to roi with them,mining and then reselling them.With free energy i would invest already into a new miner to start to get money.The roi time without have to pay the bill of energy is around 3 up to 5 months mining currently or less maybe.

[Amph]

i suggest to put the miners in another room, there was a case of a guy that became ill because he was running a small farm where he went to bed

aside from this, with free electricity is better to focus on something that require the lowest investment

but if space is a problem i would still consider density as important, so big miners are an option

[Mickeyb]

Hello forum

i left the mining game back when my block erupters became worthless, it made me some nice keyhangers tho ^^

At the moment i just moved to a new apartment, where i have free electricity and free internet included in the rent. and that made me think if i should start mining again. but i have no idea what equitment i should invest in, and i prefer a place in Europe to get it from.

So i would like to know some of you guys opinions on if i should get back in the game or not. also i dont know if i should for for (SHA/Scrypt or x11/x13).





Hope you guys have some good opinions on this subject.

Best Regards

OrcAniCe.

Mate I am pretty sure that if you start mining, your electricity won't be free and included in your rent for a very long time! You should think about that and be ready for that before you invest into the hardware.

[n2004al]

I know what I would do myself. Maybe that can fit to you, maybe not. I have no trust that can be earned from mining. The price of hardware is to high and needed to much time that those pay themselves from the mining. Then the increase of difficulty is unfaithful. In our times it is not to much high from week to week, but it can go high immediately without asking permission and this mean dead of earnings immediately. I remember that not to many months ago from one period to another the difficulty was increased with 30 percent on the average. With this increases you can forgot the earning forever. Then the last thing; it would be impossible for me to hear continuously the noise of the mining machine.

[hardtime]

If you have a free electricity and free Internet then it's better to re-start your mining game you can get some bitcoins better concentrate on butterfly devices once check them in their site.

[RichBC]

Trouble is that even with Free Electricity it's tough. One of the best value for money machines would be a second hand S5 for $300. However even if difficulty does not change that is 130 Days to break even. If you were to buy an S3 for $100 Break even is about the same time, but with a lower return after that.

Good news is that with either of them even with difficulty changes & PSU cost etc you should ROI before Bitcoin halving, so I would say go for it.  


Rich

[orcanice]

I have a little room with a window too, where I can put the miners. But I was thinking maybe scrypt could be better to mine or am I totally wrong?

[notlist3d]

I have a little room with a window too, where I can put the miners. But I was thinking maybe scrypt could be better to mine or am I totally wrong?

Pretty much wrong as gear is old on scrypt.  SFards only released a few to general public.  This leaves A2's as kings really still.       But not many companies put money into scrypt R/D.

Do some ROI math but if you have low enough electricity chances are it would be better off mining SHA.  Really depends on electricity.

What is your electricity price?

[orcanice]

My electricity price is 0. But I don't know how much I can pull from my wall plugs.

[knowhow]

If he doesnt pay eletricity as sounds to be he can invest some money into miners new or even used,anyway,he can mine some bitcoins even roi with the current value of bitcoin ,if it raises well the roi will be faster,if he reinvest all mined coins into new equipment well he can for sure manage income and bills of equipment.

[notlist3d]

My electricity price is 0. But I don't know how much I can pull from my wall plugs.

You need to tell us a little more.  Are you saying it is one room that you are in?   (This makes a huge difference as as heat and sound).

Do you just have one room, multiple rooms?  Do you circuit breaker you have access to?

[VirosaGITS]

My electricity price is 0. But I don't know how much I can pull from my wall plugs.

Whats your budget? Even if you're on 120v15a there's still things you can do. We can find out with you, if you answer notlist3d's answers. But other things such as neighbors, roommates, outside temperature, etc is crucial to your capacity. Not just your electrical circuits.

[orcanice]

There is a spare room with a window, I'm moving in today so I'm gonna upload picture of the room soon. But I figured out that it's only wifi.

[notlist3d]

There is a spare room with a window, I'm moving in today so I'm gonna upload picture of the room soon. But I figured out that it's only wifi.

What miner are you using? I don't see that in thread.  But your most likely bet of easy setup is a Ethernet to wifi adapter. They are not to expensive now days.   Check local stores and you might even be able to pick one up (make sure to compare price to amazon, etc).  Sometimes online just is a lot better price.

With spare room that is nice as you should not have to hear it as much.  Also with window I suggest being careful and not putting miner right up against window if you ever have rain or snow, etc.   A little bit of water can kill your miner.

[VirosaGITS]

There is a spare room with a window, I'm moving in today so I'm gonna upload picture of the room soon. But I figured out that it's only wifi.

What miner are you using? I don't see that in thread.  But your most likely bet of easy setup is a Ethernet to wifi adapter. They are not to expensive now days.   Check local stores and you might even be able to pick one up (make sure to compare price to amazon, etc).  Sometimes online just is a lot better price.

With spare room that is nice as you should not have to hear it as much.  Also with window I suggest being careful and not putting miner right up against window if you ever have rain or snow, etc.   A little bit of water can kill your miner.

It can be useful to have a box fan blowing air outward. This make it so the heat from the miner more properly is thrown outside and also help to an extend with preventing water and such from hitting the miner.

All in all i mostly do it with the heat. Without a box fan it still get hot inside the room. I have a balcony over my window so no water ever made it in, so i can be thankful for that.

[notlist3d]

There is a spare room with a window, I'm moving in today so I'm gonna upload picture of the room soon. But I figured out that it's only wifi.

What miner are you using? I don't see that in thread.  But your most likely bet of easy setup is a Ethernet to wifi adapter. They are not to expensive now days.   Check local stores and you might even be able to pick one up (make sure to compare price to amazon, etc).  Sometimes online just is a lot better price.

With spare room that is nice as you should not have to hear it as much.  Also with window I suggest being careful and not putting miner right up against window if you ever have rain or snow, etc.   A little bit of water can kill your miner.

It can be useful to have a box fan blowing air outward. This make it so the heat from the miner more properly is thrown outside and also help to an extend with preventing water and such from hitting the miner.

All in all i mostly do it with the heat. Without a box fan it still get hot inside the room. I have a balcony over my window so no water ever made it in, so i can be thankful for that.

It all depends on what miner and speed of that miner. Some are not horrible on heat.  Then some are like dragon 1T's and S5's that send out a lot of heat.  With it being winter soon some people will use the heat to cool down a room for free.   

But if you do look into fan's it's all about the CFM's.   They were doing decent lowes coupons. I got a few fans there for my mining area.