Hi all,
since I'm brand new to bitcoin and all other currency, yet have question about mining, wasn't sure in which topic to ask this, but here it is:
Let's say I've sufficiently educated myself on most of the issues regarding cryptocurrency and such. I created a wallet with Coinbase for now, bought 1BTC and 3Eth to hold for a while. Now I'm maybe interested in mining. By all accounts, Antminer S9 looks to be the way to go but at the price tag of about $2,200 + power supply thingy, it's not the easiest of decisions to make. Since I'm mostly interested in BTC and ETH right now (because that's all I've read up on, so far):
can one rig mine for both of those "currencies"?
Can it join multiple pools?
Do you just set it and forget it, pretty much?
My understanding is that ROI of just over 1 year is to be expected (California electricity rates). Is only one rig even any profitable? (Let's assume exchange rate stays constant at what it is today, about $2600ish - I know, right, but for simplicity).
I understand it's quite a bit noisy, so the plan is to keep it in the garage. But, I live in a duplex, and my neighbor shares a wall with my garage. Would it still be too loud? I don't think I could keep it in my little apartment, even though the temperature is ideal, I can't have that constant noise. If it is indeed that loud...
How long do you think before the S9 becomes obsolete? I was planning of just letting it run for 5-10 years, or however long it will last, but is that even realistic with all the technology changes nowadays? Would I be better of just buying another Bitcoin instead of investing in the equipment?
Anything else anyone would like to throw in.. (I did read a large number of posts on this forum, tho probably not nearly enough, but got a bit tired now and had this idea I wanted to act on).
Thanks.
You should get a used ant miner r4. And a pc with a gpu.
You should mine btc on the r4 and eth or Zec on the pc.
I would shamelessly plug my used ant miner r4 since I would sell it with a psu .
And I would tell you it was repaired once and does 6.7th at freq 475.
It is fairly quiet and since is under performs you could get it with a discount.
I could also advise you on a pc build for eth and Zec but it would be in alt coins I have a thread.