Best mining hardware?

[FruitsBasket]

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading.  Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc.  But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price?  And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

Hmm, would I get profit when the btc price keeps rising?
Or will the dificulty screw it for me and I shouldn't start a farm?

[notlist3d]

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading.  Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc.  But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price?  And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

Hmm, would I get profit when the btc price keeps rising?
Or will the dificulty screw it for me and I shouldn't start a farm?

On BTC I judge profit on if I get more BTC then I started with.  I do not judge in value of BTC as that would skew the results and possibly show ROI when you lost btc (unless paid in USD).

The difficulty could be quite high if it keeps going up.  The good news is there is only so many miners they can make, and so many data centers without building more.  I don't think anyone can give you a good speculation on what will happen on it.

[FruitsBasket]

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading.  Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc.  But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price?  And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

Hmm, would I get profit when the btc price keeps rising?
Or will the dificulty screw it for me and I shouldn't start a farm?

On BTC I judge profit on if I get more BTC then I started with.  I do not judge in value of BTC as that would skew the results and possibly show ROI when you lost btc (unless paid in USD).

The difficulty could be quite high if it keeps going up.  The good news is there is only so many miners they can make, and so many data centers without building more.  I don't think anyone can give you a good speculation on what will happen on it.

So it is too late to start mining right now?
But how can no one know what the difficulty will be? Did Satoshi make it go random or something?

[notlist3d]

On BTC I judge profit on if I get more BTC then I started with.  I do not judge in value of BTC as that would skew the results and possibly show ROI when you lost btc (unless paid in USD).

The difficulty could be quite high if it keeps going up.  The good news is there is only so many miners they can make, and so many data centers without building more.  I don't think anyone can give you a good speculation on what will happen on it.

So it is too late to start mining right now?
But how can no one know what the difficulty will be? Did Satoshi make it go random or something?

It all depends on your personal factors.  For example what is your electricity? And do you have a vat/income tax?

Not one size fit's all.  But no for a lot right now it's not to late to start mining.  But if you have high electricity price... it's not that your to late but that your factor do not allow mining.

[FruitsBasket]

On BTC I judge profit on if I get more BTC then I started with.  I do not judge in value of BTC as that would skew the results and possibly show ROI when you lost btc (unless paid in USD).

The difficulty could be quite high if it keeps going up.  The good news is there is only so many miners they can make, and so many data centers without building more.  I don't think anyone can give you a good speculation on what will happen on it.

So it is too late to start mining right now?
But how can no one know what the difficulty will be? Did Satoshi make it go random or something?

It all depends on your personal factors.  For example what is your electricity? And do you have a vat/income tax?

Not one size fit's all.  But no for a lot right now it's not to late to start mining.  But if you have high electricity price... it's not that your to late but that your factor do not allow mining.

My electricity costs 20 cents per kWh I believe, but mayby I can run it on the college and I not have to pay any electric bills.
Do usb miners make a hard sound? Do they need to be ventilated?

[notlist3d]

On BTC I judge profit on if I get more BTC then I started with.  I do not judge in value of BTC as that would skew the results and possibly show ROI when you lost btc (unless paid in USD).

The difficulty could be quite high if it keeps going up.  The good news is there is only so many miners they can make, and so many data centers without building more.  I don't think anyone can give you a good speculation on what will happen on it.

So it is too late to start mining right now?
But how can no one know what the difficulty will be? Did Satoshi make it go random or something?

It all depends on your personal factors.  For example what is your electricity? And do you have a vat/income tax?

Not one size fit's all.  But no for a lot right now it's not to late to start mining.  But if you have high electricity price... it's not that your to late but that your factor do not allow mining.

My electricity costs 20 cents per kWh I believe, but mayby I can run it on the college and I not have to pay any electric bills.
Do usb miners make a hard sound? Do they need to be ventilated?

Yes 20 cent's is to high.  You would be better off hosting it somewhere you could get 10 cents pretty easy.

Most USB miners cost more then you will make.  A lot like me use them for lotto machines  And ventilated depends on USB and frequency, some do take a fan if running high freq.   Sound is low with them.

Sound would be a big issue assuming your in a school one room setting.  You could look at S3's for example and underclock.  Or bigger and mod it like phil did on S7 -https://bitcointalk.org/index.php?topic=1188217.0

[ranochigo]

On BTC I judge profit on if I get more BTC then I started with.  I do not judge in value of BTC as that would skew the results and possibly show ROI when you lost btc (unless paid in USD).

The difficulty could be quite high if it keeps going up.  The good news is there is only so many miners they can make, and so many data centers without building more.  I don't think anyone can give you a good speculation on what will happen on it.

So it is too late to start mining right now?
But how can no one know what the difficulty will be? Did Satoshi make it go random or something?

It all depends on your personal factors.  For example what is your electricity? And do you have a vat/income tax?

Not one size fit's all.  But no for a lot right now it's not to late to start mining.  But if you have high electricity price... it's not that your to late but that your factor do not allow mining.

My electricity costs 20 cents per kWh I believe, but mayby I can run it on the college and I not have to pay any electric bills.
Do usb miners make a hard sound? Do they need to be ventilated?

USB miners can get quite hot easily as they are still miners and can generate huge amount of heat. You will surely need a fan to cool them or at least a large heat sink on the chip. If you get good quality fan, you can reduce the sound. I personally like arctic breeze USB fans.

[FruitsBasket]

Can I make something like this? https://www.youtube.com/watch?v=tfhtoHU0dXY
And do I need a big fan? Or just a small usb fan is enough?

[notlist3d]

On BTC I judge profit on if I get more BTC then I started with.  I do not judge in value of BTC as that would skew the results and possibly show ROI when you lost btc (unless paid in USD).

The difficulty could be quite high if it keeps going up.  The good news is there is only so many miners they can make, and so many data centers without building more.  I don't think anyone can give you a good speculation on what will happen on it.

So it is too late to start mining right now?
But how can no one know what the difficulty will be? Did Satoshi make it go random or something?

It all depends on your personal factors.  For example what is your electricity? And do you have a vat/income tax?

Not one size fit's all.  But no for a lot right now it's not to late to start mining.  But if you have high electricity price... it's not that your to late but that your factor do not allow mining.

My electricity costs 20 cents per kWh I believe, but mayby I can run it on the college and I not have to pay any electric bills.
Do usb miners make a hard sound? Do they need to be ventilated?

USB miners can get quite hot easily as they are still miners and can generate huge amount of heat. You will surely need a fan to cool them or at least a large heat sink on the chip. If you get good quality fan, you can reduce the sound. I personally like arctic breeze USB fans.

It depends highly on the Freq and power going to the usb stick.  Have you used any modern USB sticks?  Mainly the compac it's pretty much best one to go with.

But you don't always need fan. Depends on freq and power, you can make it go high where you need fan.  Or let it run low and it does not need a fan.  So it really does very of if it's needed.

[notlist3d]

Can I make something like this? https://www.youtube.com/watch?v=tfhtoHU0dXY
And do I need a big fan? Or just a small usb fan is enough?

Have you done the ROI math? I really think you should if you are thinking about profit.  If you are doing lotto mining (trying to hit a block)  then a usb miner like compac does well.

I could be wrong but I don't think you have done ROI math to this.

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. ....

[FruitsBasket]

Can I make something like this? https://www.youtube.com/watch?v=tfhtoHU0dXY
And do I need a big fan? Or just a small usb fan is enough?

Have you done the ROI math? I really think you should if you are thinking about profit.  If you are doing lotto mining (trying to hit a block)  then a usb miner like compac does well.

I could be wrong but I don't think you have done ROI math to this.

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. ....

Sorry, but what is lotto mining?
Lotto in my country means like a you buy a ticket and can win a lotterij. Is that same in english?

[notlist3d]

Can I make something like this? https://www.youtube.com/watch?v=tfhtoHU0dXY
And do I need a big fan? Or just a small usb fan is enough?

Have you done the ROI math? I really think you should if you are thinking about profit.  If you are doing lotto mining (trying to hit a block)  then a usb miner like compac does well.

I could be wrong but I don't think you have done ROI math to this.

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. ....

Sorry, but what is lotto mining?
Lotto in my country means like a you buy a ticket and can win a lotterij. Is that same in english?

Lotto is mining trying to hit a block by yourself.  Normal mining you use a pool and a bunch combine power.  Lotto you are trying to (in most cases) solo mine a block.  Chances are you never will hit it so it's like playing lottery.

Usb miners will not be profitable pool miner, just to high of cost per GH.  They are fun though and great lotto miners.  If you truly want a profit you need to do some ROI math and look at bigger miners.  The day's of pool mining with a stick miner are over.

[FruitsBasket]

Can I make something like this? https://www.youtube.com/watch?v=tfhtoHU0dXY
And do I need a big fan? Or just a small usb fan is enough?

Have you done the ROI math? I really think you should if you are thinking about profit.  If you are doing lotto mining (trying to hit a block)  then a usb miner like compac does well.

I could be wrong but I don't think you have done ROI math to this.

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. ....

Sorry, but what is lotto mining?
Lotto in my country means like a you buy a ticket and can win a lotterij. Is that same in english?

Lotto is mining trying to hit a block by yourself.  Normal mining you use a pool and a bunch combine power.  Lotto you are trying to (in most cases) solo mine a block.  Chances are you never will hit it so it's like playing lottery.

Usb miners will not be profitable pool miner, just to high of cost per GH.  They are fun though and great lotto miners.  If you truly want a profit you need to do some ROI math and look at bigger miners.  The day's of pool mining with a stick miner are over.

If u talk about big miners, do you mean like asics? I hear alot of people using an s5mto mine and get a good profit. Is that possible with my electricity cost?

[ranochigo]

Can I make something like this? https://www.youtube.com/watch?v=tfhtoHU0dXY
And do I need a big fan? Or just a small usb fan is enough?

Have you done the ROI math? I really think you should if you are thinking about profit.  If you are doing lotto mining (trying to hit a block)  then a usb miner like compac does well.

I could be wrong but I don't think you have done ROI math to this.

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. ....

Sorry, but what is lotto mining?
Lotto in my country means like a you buy a ticket and can win a lotterij. Is that same in english?

Lotto is mining trying to hit a block by yourself.  Normal mining you use a pool and a bunch combine power.  Lotto you are trying to (in most cases) solo mine a block.  Chances are you never will hit it so it's like playing lottery.

Usb miners will not be profitable pool miner, just to high of cost per GH.  They are fun though and great lotto miners.  If you truly want a profit you need to do some ROI math and look at bigger miners.  The day's of pool mining with a stick miner are over.

If u talk about big miners, do you mean like asics? I hear alot of people using an s5mto mine and get a good profit. Is that possible with my electricity cost?

Nope. When we are talking about big miners, it is usually miners that own a warehouse full of ASICs and not those who mine at home. This is mainly due to the discounted price of hardware when buying in bulk and the lower electrical costs. An example is shown in this documentary: https://www.youtube.com/watch?v=K8kua5B5K3I&ab_channel=Motherboard

[notlist3d]

Can I make something like this? https://www.youtube.com/watch?v=tfhtoHU0dXY
And do I need a big fan? Or just a small usb fan is enough?

Have you done the ROI math? I really think you should if you are thinking about profit.  If you are doing lotto mining (trying to hit a block)  then a usb miner like compac does well.

I could be wrong but I don't think you have done ROI math to this.

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. ....

Sorry, but what is lotto mining?
Lotto in my country means like a you buy a ticket and can win a lotterij. Is that same in english?

Lotto is mining trying to hit a block by yourself.  Normal mining you use a pool and a bunch combine power.  Lotto you are trying to (in most cases) solo mine a block.  Chances are you never will hit it so it's like playing lottery.

Usb miners will not be profitable pool miner, just to high of cost per GH.  They are fun though and great lotto miners.  If you truly want a profit you need to do some ROI math and look at bigger miners.  The day's of pool mining with a stick miner are over.

If u talk about big miners, do you mean like asics? I hear alot of people using an s5mto mine and get a good profit. Is that possible with my electricity cost?

I mean bigger asic miners yes.   A usb stick miner costs where it's a good lotto miner, but you will not make a profit from pool mining. 

Your electricity is just to high 0.22€ per kWh over time stands little chance of ROI.  Likely you would lose a good amount of mine running miners (might be a little better with surge in price).  But still no one should home mine with electricity prices like that.

You could look into hosting somewhere else that does not have the very high electricity price.

[bitcoinbettingtips]

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading.  Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc.  But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price?  And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

If bitcoin price keeps on rising, you will get more fiat, not more bitcoin if you mine while the difficulty rises.

If that is the case, it is better just to buy the bitcoin directly.

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

Hmm, would I get profit when the btc price keeps rising?
Or will the dificulty screw it for me and I shouldn't start a farm?

[ranochigo]

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading.  Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc.  But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price?  And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

Hmm, would I get profit when the btc price keeps rising?
Or will the dificulty screw it for me and I shouldn't start a farm?

Pool fee can be avoided easily, many pools offer no fee mining. Difficulty and Bitcoin price plays a huge part in your mining operation. A drop in price and rise in difficulty could easily mean a loss for your mining farm. The biggest one I have seen was 46% when Bitcoin price was rising very rapidly in Oct 2013.

[FruitsBasket]

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading.  Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc.  But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price?  And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

Hmm, would I get profit when the btc price keeps rising?
Or will the dificulty screw it for me and I shouldn't start a farm?

Pool fee can be avoided easily, many pools offer no fee mining. Difficulty and Bitcoin price plays a huge part in your mining operation. A drop in price and rise in difficulty could easily mean a loss for your mining farm. The biggest one I have seen was 46% when Bitcoin price was rising very rapidly in Oct 2013.

A 46% loss of the mining operation or 46% bitcoin difficulty increase?

[notlist3d]

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading.  Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc.  But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price?  And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

Hmm, would I get profit when the btc price keeps rising?
Or will the dificulty screw it for me and I shouldn't start a farm?

Pool fee can be avoided easily, many pools offer no fee mining. Difficulty and Bitcoin price plays a huge part in your mining operation. A drop in price and rise in difficulty could easily mean a loss for your mining farm. The biggest one I have seen was 46% when Bitcoin price was rising very rapidly in Oct 2013.

A 46% loss of the mining operation or 46% bitcoin difficulty increase?

Hes talking about the past.  Most are free or 2.5-4 pps.  Depends on type of pool you use and which pool.

But no matter what at your electricity price you should not mine there. Just to expensive for any hardware.   You could put it in a data center for less then 1/2 of the price of electricity price you mentioned.

So I would be looking into other things besides just home miners.

[FruitsBasket]

Hello,

I may want to start a little project to make little bitcoin farm, which is hopefully profitable. I want to use usb miners. And what else do I need? Rasperry pi? And how much miners i can use for each raspberry pi?

You need to do some reading.  Most mining is done by Asics, which most come with a controller so you plug it in and set it up, and leave it alone.

Raspberry PI is a good controller for Avalon 4.1, compacs, lots of usb miners, etc.  But you have some research to do as it's a huge range of the different kinds of miners.

Just basic check what is your electricity price?  And do you have vat/import tax?

I am thinking of doing a project with college and they run the miners there 24/7. I read that the prices of electricity in the netherlands is 0.22€ per kWh.

Is that cheap or expensive?

That electricity price is expensive. You will not have ROI if the difficulty rises 3% every 14 days and pool fee is 2%.

Hmm, would I get profit when the btc price keeps rising?
Or will the dificulty screw it for me and I shouldn't start a farm?

Pool fee can be avoided easily, many pools offer no fee mining. Difficulty and Bitcoin price plays a huge part in your mining operation. A drop in price and rise in difficulty could easily mean a loss for your mining farm. The biggest one I have seen was 46% when Bitcoin price was rising very rapidly in Oct 2013.

A 46% loss of the mining operation or 46% bitcoin difficulty increase?

Hes talking about the past.  Most are free or 2.5-4 pps.  Depends on type of pool you use and which pool.

But no matter what at your electricity price you should not mine there. Just to expensive for any hardware.   You could put it in a data center for less then 1/2 of the price of electricity price you mentioned.

So I would be looking into other things besides just home miners.

So you mean I need to hire a place in a energy generating company?