My first Farm

[Shaqovic]

Hi all

first i to forgive me for my noob topic and my silly questions.

I am planning to start mining and i am planning it to begin with 1000 TH - 1250 TH, I have prepared the place which is 7m*5m, 2 Air conditioners installed, 2 wall fans to change air, power surge protection ( 100Kva inverter )  and 100 Kva power generator.

I am also getting 100% free electricity which is a huge plus for me, but my problems is that i have searched the internet for 1 month to find the right brand, as there are tons of them, and yet i can not decide which of them, i contacted many Chinese suppliers who are legit but gave me very high prices almost double the price like for S17 50Th, anyway finally visited this forum and thought to take your advice, I am planning to make this investment as my living.

I am lost between companies like :

Bitmain
INNOSILICON
Aladdin
Whatsminer

Sorry for my long topic and I thank you in advance.

[1714693778]

1714693778

[HagssFIN]

Wtf is 'Aladdin' suppose to be?   

Sounds like a fishy scam company.

[Shaqovic]

Wtf is 'Aladdin' suppose to be?   

Sounds like a fishy scam company.

Actually not a scam, its just a brand new company that's all, but they seems legit as suppliers in china sell it.

[Steamtyme]

Well Alladin may be a reseller. So they will not be cheaper than buying direct from the companies themselves. If you truly have 100% free electricity and that isn't going to change, you should look into buying less efficient miners for a fraction of the cost.
This could be used S9's, maybe even a bunch of Avalon 841's or 921's. You just have to weigh your options between initial cost of the miners versus buying newer more efficient models to achieve your hashrate goal.

Here is the Current list Competitive hardware , here is a broker's topic on this forum that advertises a lot of used gear for sale.

[philipma1957]

The Aladdin miner looks like an innosilicon model like the t1.

If op is legit.  He should contact the broker listed in the post above and get some t17s

Spending a month to decide is dumb.

You have  ‘free’ power just get some t17s from Scott ASAP .

If you are afraid to buy 25 units in 1 shot buy 5 at a time .

Get started send him a telegram and order 5 t17s.

Damn I wish I had your problems.

[Shaqovic]

What about Inno T2T 30th, i got a decent price for that PSU included for $750.

Any recommendations would be appreciated.


I am thinking to go for Inno T2T 30th, the price of each unit is $750 with 30th hashing, so in my case i find it more profitable.

T2T 30Th calculation
------------------------
50 units = 1500Th
50 units = $37500
1500Th = $10000 monthly= $390 daily
1500Th = 1.52 BTC monthly
------------------------

T17 Calculation
------------------------
37 units = 1500Th
37 units = $62900
1500Th = $10000 monthly= $390 daily
1500Th = 1.52 BTC monthly

So it would take double the cost and double ROI to be achieved, since shipping cost is not included in the price above, which is $3500 for total quantity Tax & VAT included, I believe I have chose the right option (T2T 30Th) unless you experts disagree.

Any advices would be highly appreciated.

[philipma1957]

the t2t 24 was very reliable.

so a t2t 30 should be reliable. as long as you get the gear pretty fast you should be good to go.

[DebitMe]

How are you getting 100% free electricity? Someone is always paying for it, and when they see their bill all of a sudden jumping up to 5 figures a month, you wont have free electricity for long.

That being said, you are probably better off hosting equipment then purchasing your own. Lower up front costs and constant revenue stream as opposed to declining with mining.

[Shaqovic]

the t2t 24 was very reliable.

so a t2t 30 should be reliable. as long as you get the gear pretty fast you should be good to go.

Thank you for the advice, any Cons of the Inno miners in general and any related specially to T2T edition ?

How are you getting 100% free electricity? Someone is always paying for it, and when they see their bill all of a sudden jumping up to 5 figures a month, you wont have free electricity for long.

That being said, you are probably better off hosting equipment then purchasing your own. Lower up front costs and constant revenue stream as opposed to declining with mining.

I guess I am lucky thou, I have free electricity for my whole life and this has encouraged me to buy miners to invest, what I would need is just help from our godfathers here to instruct with the best advices.

P.S I am allowed to get approximately for now around 500 Kva for free, to upgrade I just need to buy stronger cables

[DebitMe]

I guess you are lucky. Just remember that someone is paying that bill, and all it takes is a few insanely high Bill's for that luxury to be pulled.

Either way, host for others, will provide much more stable income over time.

[mikeywith]

He pays the bill, just not directly, I have exactly the same thing, it's like having free health care while paying 50% tax on your salary, whether or not you get sick does not matter, same thing goes for free electricity, it's there, it's free but whether you use it to mine or use a couple light bulbs does not matter to anyone.

as far as the hosting goes, you do make sense, but if he has the capital to get the gears why not fully utilize it to himself, free electricity is always LIMITED, he won't be able to host thousands of gears or anything like that, so i would personally go for buying my own gears.

OP , if you have limited budget, go for Steamtyme suggestion, pick something half-efficient, a good combination between efficiency and price per TH would be the S9 model, lower than that you will start to max out the limited power you got, higher than that you start losing the advantage of free power.

I went through the same exact thoughts , you need to run the numbers and try to maximize the power you got in the most economical ways.

as far as the supplier goes, i am sure you will  be able to easily locate bunch of S9s , but T17 and so is going to be hard and you going to have to pay a fortune.

[Shaqovic]

I can see the guys replying me about free electricity and forgetting to discuss the miner brand/model. I am willing to use Inno T2T 30Th, what do you guys think of this brand/model ?

Any advices would be highly appreciated. Thank you.

[Steamtyme]

Hey, I've never owned Inno gear, but have heard they are reliable. The customer service may be their weak link for the company overall from what I've heard. If you can get the T2T - 30 TH model for 750 $, shipping right away then I would pick them up. With free electricity they are a pure money maker and still powerful enough to deliver returns. You just have to make sure you are committed enough to keep mining up to and past breakeven to make this worthwhile.

I don't think there are to many other options available for purchase right now. That being said if you are positive you want to mine, don't hesitate the market appears to be waking and with it Diff increases are likely. This will impact your rewards so the longer you wait the more rewards you are losing out on. Unless you are receiving a shipping discount you could also start small with 1 unit at a time, to see how things turn out while you bring more gear online.

[Shaqovic]

I have the intention to invest in mining and expand the farm in the future, my concerns are about the quality of Innosilicon miners comparing to Bitmain, as everyone's talking about Bitmain.

I have found this skype id live:wangxl_28 , is this skype id belongs to Innosilicon company cuz this skype is going to sell me the miners !

[philipma1957]

... I have found this skype id live:wangxl_28 , is this skype id belongs to Innosilicon company cuz this skype is going to sell me the miners !

Most likely he is not directly connected to innosilicon. He may be a thief. Many people get robbed buying from someone on skype.

Innosilicon has a website and they have a presence here on the forum.

I am on a phone and links are hard to post. Give me a minute.

Innosilicon.com is the website.

Inno_ASIC is the contact forum member.

At steamtyme could you link his profile on this thread?  Tia.

[Shaqovic]

live:inno.wangxl_28

I assume he represents Innosolicon but I just want to be sure before I wire thousand of $$$$ to his bank account !!!

[philipma1957]

Don’t wire him any money until you go to innosilicon.com that is the legit website.

Use the sales contact info.

Once again use the website not skype.

[Shaqovic]

Oh gosh I almost lost $40k !!!!

this guy is using live:inno.wangxl_28 and the forum has :live:wangxl_28. when you add this fake id it show you Inno pic with Inno Miner Sales (Live:wangxl_28). but when you check skype name in settings it shows you live:inno.wangxl_28 instead of live:wangxl_28.

if you searched live:wangxl_28 on skype it will shows you the fake account also, this is how i added it cuz i searched live:wangxl_28 which i found on this forum and it showed me the fake account in results with other accounts including the live:wangxl_28.

I thank you for your warning which led me to review the setting in skype and double check the id.

I will be posting the invoice i have received from him, also I have received it as an attached email from miner_order@innosilicon.com.cn.

[philipma1957]

That looks better.

Glad to have helped out.

[Shaqovic]

I have just email the miner_order@innosilicon.com.cn and attached the invoice asking about it, i am positive it's fake, they auto replied they're in a holiday due to the dragon boat festival till June 9th, when they confirm its fake i will post it here to warn others.

I'm still in shock from all of this :| :| :|

[Raymond_B]

Not criticizing here, but why in the world would you use Skype instead of the official Innosilicon website?

[philipma1957]

At least he listened to my warning .

[Shaqovic]

Not criticizing here, but why in the world would you use Skype instead of the official Innosilicon website?

Because I saw the post here and I took the skype id from this forum cuz i thought it's authentic, I don't know who's posting in this forum as Innosilicon, but it was totally my mistake cuz I added the wrong skype id which is inno.wangxl_28 while the skype id posted in this forum is wangxl_28.

Try your self and search for wangxl_28 and it will show you also inno.wangxl_28 along with inno pic.

Anyway i'm 99% positive it's fake, but i will wait for their official email or facebook messenger reply about the invoice before releasing it here.
in the other hand i will be playing his dirty game and going along wasting his/her time.