Suggested ASIC mining hardware for newbie

[kamranki]

Hello,

I had started this topic before 2 days but it vanished and no idea where!

Anyways, my budgest is approx USD 2500 and wanted to get ASIC miner. What would you suggest? I am fairly experienced with GPU mining but ASIC is a new world for me. What are some important things to take note of?

Thanks.

[kano]

You can see in your account where it disappeared to, check your own profile.
It disappeared to where it belonged, altcoins.

If you are only asking about bitcoin mining, and everyone who replies is only talking about bitcoin mining, then it will probably stay here.

[NotFuzzyWarm]

<snip>
Anyways, my budget is approx USD 2500 and wanted to get ASIC miner. What would you suggest? I am fairly experienced with GPU mining but ASIC is a new world for me. What are some important things to take note of?

Thanks.

No current generation miners are available for that price but there are a few older miners available such as the Canaan Avalon 841 or 851 as well as older ones from Bitmain. Your biggest problem will be finding a legit reseller as there are many many scammers/ripoffs out there.

For a start, you need to let folks here know, what country are you in? Then they can start recommending resellers.

Also as Kano said, keep in mind that this area is for Bitcoin only -- no discussion of alts nor hardware used for mining alts is allowed here.

[mikeywith]

There is no "best" gear for everyone, a single answer that fits everyone's situation does not exist, the most important factor in your decision would be the power cost. So if you have a cheap electricity rate then you might want to buy cheaper mining gears and focus mainly on the cost per TH to utilize that edge of power you have, if your power rate is in the middle then that's a different story if it's on the high end - forget about mining altogether.

[kamranki]

My coin of choice is Bitcoin and ideally an ASIC miner that can mine it. I live in UAE and have fixed rental per month that includes utilities. As long as mining usage stays within 1500w, I wouldn't need to be paying anything extra.

Also worth mentioning is that I am currently doing mining on GPU of RTX 3080 x4.

[philipma1957]

My coin of choice is Bitcoin and ideally an ASIC miner that can mine it. I live in UAE and have fixed rental per month that includes utilities. As long as mining usage stays within 1500w, I wouldn't need to be paying anything extra.

Also worth mentioning is that I am currently doing mining on GPU of RTX 3080 x4.

Well the best way to mine btc is using 4x rtx 3080 at eth and converting the eth to  btc.

Now you already have 4x 3080 in hand.


The real question for you is do you switch to a used S17 with braiins software and set the gear to 1450 watts.

a braiins run s17 at 1450 watts will be loud but not stupid o my god loud.

it will do about 42th that is .22 x 42 = $9.20 usd

at the moment right now those 4x 3080 do say 1100 watts and earn maybe 400 x .05 = 20 usd

So on paper the 4x 3080 look better.

but maybe they slip in earnings. and maybe the s17 gets better in earning.

A) I do not know how much you spent on the 4x 3080
B) I do not know how much you mined on the 4x 3080
C) I do not know if they have warranty.
D) I do not know if you can sell them at a solid profit.

Selling the 4 cards and the whole rig could easily get you over 5000 usd if you were in the Usa
but if you paid 8000 usd and mined 1000 usd selling at 5000 usd is a loss.

To me I have

 gpus
asics for btc
asics for ltc/doge
I hold btc and ltc and shift all the stuff around.

good luck in whatever you do.

[kamranki]

My coin of choice is Bitcoin and ideally an ASIC miner that can mine it. I live in UAE and have fixed rental per month that includes utilities. As long as mining usage stays within 1500w, I wouldn't need to be paying anything extra.

Also worth mentioning is that I am currently doing mining on GPU of RTX 3080 x4.

Well the best way to mine btc is using 4x rtx 3080 at eth and converting the eth to  btc.

Now you already have 4x 3080 in hand.


The real question for you is do you switch to a used S17 with braiins software and set the gear to 1450 watts.

a braiins run s17 at 1450 watts will be loud but not stupid o my god loud.

it will do about 42th that is .22 x 42 = $9.20 usd

at the moment right now those 4x 3080 do say 1100 watts and earn maybe 400 x .05 = 20 usd

So on paper the 4x 3080 look better.

but maybe they slip in earnings. and maybe the s17 gets better in earning.

A) I do not know how much you spent on the 4x 3080
B) I do not know how much you mined on the 4x 3080
C) I do not know if they have warranty.
D) I do not know if you can sell them at a solid profit.

Selling the 4 cards and the whole rig could easily get you over 5000 usd if you were in the Usa
but if you paid 8000 usd and mined 1000 usd selling at 5000 usd is a loss.

To me I have

 gpus
asics for btc
asics for ltc/doge
I hold btc and ltc and shift all the stuff around.

good luck in whatever you do.

That is interesting indeed. What I don't understand is that if S17 will do approx 42 TH and all the 4x 3080s will do a combined 360 MH, shouldn't the S17 be mining a lot more coins?  The value of $9.20 usd / day for S17 seems too low or this is how things work? I thought, the more the hashrate, the more the coins mined.

[kamranki]

Bump!

[wavelengthsf]

That is interesting indeed. What I don't understand is that if S17 will do approx 42 TH and all the 4x 3080s will do a combined 360 MH, shouldn't the S17 be mining a lot more coins?  The value of $9.20 usd / day for S17 seems too low or this is how things work? I thought, the more the hashrate, the more the coins mined.

You're comparing two different hash rates. The S17 will only mine SHA-256 coins. Because of all the ASIC miners tuned to this algorithm, the difficulty on those coins is higher, so it's harder to hit a block. The GPUs can mine a whole range of coins that ASICs either don't exist for or aren't widely used. That means they could take advantage of any market imbalances between those altcoins they mine, their difficulty, and their sale price.

Ultimately, if you want to mine Bitcoin (and this is the Bitcoin mining forum), you need modern SHA-256 ASICs. Your limits are going to be your power costs and space availability, since a single newer ASIC is going to eat around 72 kwh (thanks to Fuzzy for the correction) kwh per day.

[NotFuzzyWarm]

since a single newer ASIC is going to eat around 3 kwh per day.

Not correct. Kwh is total power over time. The newer ASIC's constantly consume over 3kw at any given point in time and that works out to over 72kwh per 24-hour day.

[wavelengthsf]

since a single newer ASIC is going to eat around 3 kwh per day.

Not correct. Kwh is total power over time. The newer ASIC's constantly consume over 3kw at any given point in time and that works out to over 72kwh per 24-hour day.

Oops, you're right, I'll fix it. Thanks!

[kamranki]

So how much can one expect to mine using a single S17 as compared to 4x RTX 3080s?

[NotFuzzyWarm]

So how much can one expect to mine using a single S17 as compared to 4x RTX 3080s?

You are comparing apples (BTC) to oranges (alts) and discussion of that belongs in the general Bitcoin Discussion area - not here (BTC only).