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May 12, 2020, 04:35:25 PM
Last edit: May 13, 2020, 12:10:43 AM by frodocooper Merited by frodocooper (4) |
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Oh I totally get the hobby thing - I was just saying with a $6k investment there's no way to make $8k/yr (even before expenses) - the hashrate arms race continues as it has for ages since FPGA/ASIC mining first showed up. If the goal really is 1 BTC per year, what I suggested is the best way. If it's "I want to mine because it's fun, and it can offset most of the costs of me having fun" well that's another discussion altogether. That just doesn't line up with the FOMO comment earlier though.
In terms of best miner to buy, it's always been either the first of the new ones that aren't out yet (if you're fine waiting, which you said you might be) or the most efficient miner you can get RIGHT NOW to get mining before difficulty continues to rise.
The S19 Pro can be bought new from Bitmain and is shipping - looks like it's going to be a beast, but it's so hard to say what's going to happen between now and August in terms of difficulty increases (especially with the halving that just happened and the assumed drop that we didn't see yet). An S17e can be purchased and ships in the next month, that's a lot less "risky" in terms of difficulty increases. 6 of those would cost ~6k and would get you 360TH/s but do you even have the power necessary to run 6? That's around 20KW or roughly 90-95A of 220v power you'd need available (and at $0.10/KWh around $1500/mo in electric bills).
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