Hello world.
I am a blockchain enthousiast who ordered 8 antminers from bitmain, they came this week to the customs of my country. In about 2 weeks i m finally gonna install my equipement (the place is all set up).
As i am new to all this, i would really like to have some advices. I even may do a full report with pics and all of the overall process of mounting this little operation.
So the 2 main questions that ask themselves are :
1. The miners costed a little fortune, so the primary objective naturally is to get back the invested money, right? How to do that? SHould i mine BTC or any other altcoin with SHA256 alogo?
2. If it s btc (which i prefer) - which pool to choose and why? I am not a fan of the chinese, nor of the whole "unlimited" thing. But i m open to all thoughts.
I hope that you guys won t be so harsh on me on my first post, and i m sorry for my bad english.
Your English is fine.
You should mine Bitcoin or you could merge mine (but ideally Bitcoin, always good for decentralisation of the network). If you don't like BU, I would suggest avoiding Bitmain pools (BTC.com, Antpool, ConnectBTC) and going for either a neutral pool or SegWit signalling pool. I think Kano.is is neutral (might be wrong on that) and it's quite popular on the forum as it has low fees and only controls about 1% of the hashrate so it's not a monopoly.
You could look at Blockchain's
pool hashrate distribution chart and check on a block explorer whether it's signalling SegWit.
As for making ROI, it's all about your electricity costs. If you have no costs, some miners can get you ROI within 6 months, but that's unlikely. If you have really high costs you might never ROI, and if you have moderately low or average costs you might be looking at about 2 years, unless the difficulty is too high.