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K210
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February 25, 2017, 10:22:49 AM
 #1

Are there still good entry level miners? Or is mining dead for the individual?
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February 25, 2017, 10:39:06 AM
 #2

Mining in the sense of making profit by buying dedicated hardware to place at home is dead for good. You will always enter in a conflict of interest with the producer + paying a lot of money in energy in most of the situations.

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February 25, 2017, 10:44:32 AM
 #3

I mean hobby mining. Back in the day i had a couple of 32ghs r-boxes mining but those seem to be defunct now....
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February 25, 2017, 10:59:41 AM
 #4

I mean hobby mining. Back in the day i had a couple of 32ghs r-boxes mining but those seem to be defunct now....

You can run them even now, but they won't be able even to mine a decent fee in a functional amount of time to send a transaction. Basically you run them to heat your room.

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February 25, 2017, 01:32:33 PM
Last edit: February 25, 2017, 02:18:55 PM by isoneguy
 #5

Ignoring everything that the naysayers have to contribute...

If you don't mind dabbling in altcoins...the best entry level miner at this moment in time is the Baikal Mini. If you're just looking for something to play with and not make much profit if any, then you can pick up a variety of USB miners.

The baikal mini takes advantage of nicehash's profit switching system to maximize your income and pay you in bitcoins should you prefer that. It's cheap (300 USD), generates a decent amount of income (2$/day)

Sidehack is actually in the process of developing a couple different USB solutions that are inexpensive and viable for use. You can order the 2pac right now for around 40$.

If your power cost is less than 5 cents a kw/h then you could consider the S7 range of miners.

Anything else and we aren't talking about entry level mining anymore.

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February 25, 2017, 02:11:30 PM
 #6

If you're worried about noise, try to find an S7-LN and then volt-mod it down to 2TH/440W. They run pretty quiet and it'd be more efficient than anything else you can buy under 1KW.

I am currently shipping a USB miner that runs 11GH/3.6W at stock and can pretty easily be pushed to 33GH/14W if you have a good hub and cooling. Price $30 apiece, flat $10 shipping within the US.
The next thing will be a better USB miner that should see more like 20GH/2.5W pushed to 120GH/15W, and a ~550GH/60W (up to 700GH/100W) pod miner and refit boards for S1/S3/S5 chassis to make them 4TH home-scale miners.

Cool, quiet and up to 1TH pod miner, on sale now!
Currently in development - 200+GH USB stick; 6TH volt-adjustable S1/3/5 upgrade kit
Server PSU interface boards and cables. USB and small-scale miners. Hardware hosting, advice and odd-jobs. Supporting the home miner community since 2013 - http://www.gekkoscience.com
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February 26, 2017, 05:15:16 AM
 #7

Are there still good entry level miners? Or is mining dead for the individual?

years ago I remember mining on my laptop and it was fun and cost the hotels I was staying in the power + internet.

Would enjoy doing it again today as a hobby but pretty sure you never get the best and latest tech as those companies use it for themselves.

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February 26, 2017, 08:04:37 AM
 #8

Are there still good entry level miners? Or is mining dead for the individual?

years ago I remember mining on my laptop and it was fun and cost the hotels I was staying in the power + internet.

Would enjoy doing it again today as a hobby but pretty sure you never get the best and latest tech as those companies use it for themselves.

Well,I'll get shit on for this but screw it.......video cards are the ONLY thing that you can get a positive return from as of now by mining altcoins  Wink

Nothing sha 256 is going to pay off in any way shape or form.........ever.......unless all ASIC miners die off  Cheesy

Ask me in a pm & I'll point you in the right direction....you HAVE to be able to build a PC yourself & preferably from scrape parts except the PSU & video card to make decent return.

If you really don't care about making ANY return at all,ever,the S3+ Bitmain miners were awesome & rugged & easy to use,about $70 on ebay.............

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February 26, 2017, 09:44:40 AM
Last edit: February 26, 2017, 12:40:48 PM by isoneguy
 #9

The hell you talking about? I've reached ROI on multiple miners that I purchased last year(think september/october).

It's all about making smart decisions vs making stupid ones...reinvest.

Compound interest is where the real money is made.

Quote from: kenny rogers
Every gambler knows
That the secret to survivin'
Is knowin' what to throw away
And knowin' what to keep
'Cause every hand's a winner
And every hand's a loser
And the best that you can hope for,
is to die in your sleep

Although people unwilling or incapable of running their own probability calculations won't necessarily be making a majority of smart decisions.

GPU's might be a better profit to electrical cost ratio, but they require a much higher initial buy in...and a little bit of technical skill to get the build off the ground. You can buy a "turnkey" asic for the same cost as a single decent GPU...and that isn't counting the additional hardware to make the GPU generate income.

As long as there are locations with free power...all mining devices have value.
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March 01, 2017, 11:50:07 AM
 #10

The hell you talking about? I've reached ROI on multiple miners that I purchased last year(think september/october).

It's all about making smart decisions vs making stupid ones...reinvest.

Compound interest is where the real money is made.

Quote from: kenny rogers
Every gambler knows
That the secret to survivin'
Is knowin' what to throw away
And knowin' what to keep
'Cause every hand's a winner
And every hand's a loser
And the best that you can hope for,
is to die in your sleep

Although people unwilling or incapable of running their own probability calculations won't necessarily be making a majority of smart decisions.

GPU's might be a better profit to electrical cost ratio, but they require a much higher initial buy in...and a little bit of technical skill to get the build off the ground. You can buy a "turnkey" asic for the same cost as a single decent GPU...and that isn't counting the additional hardware to make the GPU generate income.

As long as there are locations with free power...all mining devices have value.

That was last year when diff was MUCH lower,my margins for ASICs were not so good due to 13c kwh power & quickly rising diff...........  Roll Eyes

Well,as for my mining GPU's,I had to buy the vid cards but the 5 PSU's I bought along time ago when BFL & Avalon miners were the rage (2012-14),so they were just hangin around  Wink

That "additional hardware" is free if you have half a brain  Cheesy  Used dual core cpu's,old 4 gig ram,old mobo with at least 1 PCIE slot (found a few with 2 slots) & crappy case big enough for the GPU.
I also have rigs with no case  Tongue

I started with a few 6950's & 5870's & a 7970,all those profits went to new cards,380's mainly.

My GPU's have returned almost 4 times their value since 8 months ago,has your ASIC hardware done that??

And I have a 3 year warranty on my cards,your Bitmain/Avalon has what?? and I can sell these cards at almost what I bought em for & get my investment back if anything goes wrong  Wink




"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
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March 01, 2017, 03:45:39 PM
 #11

Eh, minus power costs all my asics/gpu's ROI in 3-4 months.
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March 01, 2017, 09:20:24 PM
 #12

I personally use my GPU(s) in my gaming rig after I'm done with em or I resell them off for almost 70-80% purchasing price most of the time after ROI. Currently running two GTX 760tis, plan on replacing those with RX 470s after I'm done with em.
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