Mining Opportunity

[TxWheat]

Hey team, I’ve recently got an awesome opportunity to acquire three 1246’s and two s19j pro (104Th)

That said I have a warehouse which is very secure and with proper ventilation.   I feel like this is a no brainer tbh. My biggest con for me is my power cost as in New Zealand power is more expensive (0.20kw/h)

On a side note I see the new L7 is getting released in November and wouldn’t mine getting my hands on that. I currently mine with gpus but wanted to expand into Asics.

[FP91G]

Hey team, I’ve recently got an awesome opportunity to acquire three 1246’s and two s19j pro (104Th)

That said I have a warehouse which is very secure and with proper ventilation.   I feel like this is a no brainer tbh. My biggest con for me is my power cost as in New Zealand power is more expensive (0.20kw/h)

On a side note I see the new L7 is getting released in November and wouldn’t mine getting my hands on that. I currently mine with gpus but wanted to expand into Asics.

Your electricity is very expensive.
Use a calculator
https://whattomine.com/asic
104000.0Gh / s
3250W
0.20kw / h

Eventually:
Rev. $ 40
Profit $ 26
As a result, you pay almost 50% for electricity on a modern ASIC. It is better to choose a video card for mining, such as 6600 XT or 6700 XT, which consume little electricity.

[sxemini]

Hey team, I’ve recently got an awesome opportunity to acquire three 1246’s and two s19j pro (104Th)

That said I have a warehouse which is very secure and with proper ventilation.   I feel like this is a no brainer tbh. My biggest con for me is my power cost as in New Zealand power is more expensive (0.20kw/h)

On a side note I see the new L7 is getting released in November and wouldn’t mine getting my hands on that. I currently mine with gpus but wanted to expand into Asics.

Your electricity is very expensive.
Use a calculator
https://whattomine.com/asic
104000.0Gh / s
3250W
0.20kw / h

Eventually:
Rev. $ 40
Profit $ 26
As a result, you pay almost 50% for electricity on a modern ASIC. It is better to choose a video card for mining, such as 6600 XT or 6700 XT, which consume little electricity.

Hmm you calculate it wrong dude. Or why you say rev. 40$ and profit 26$?

A new L7 makes 38$ LTC and 110$ DOGE -> so you make around 150$ - 15.6$ electricity = around 130$ daily and not 26$ 

[FP91G]

Hey team, I’ve recently got an awesome opportunity to acquire three 1246’s and two s19j pro (104Th)

That said I have a warehouse which is very secure and with proper ventilation.   I feel like this is a no brainer tbh. My biggest con for me is my power cost as in New Zealand power is more expensive (0.20kw/h)

On a side note I see the new L7 is getting released in November and wouldn’t mine getting my hands on that. I currently mine with gpus but wanted to expand into Asics.

Your electricity is very expensive.
Use a calculator
https://whattomine.com/asic
104000.0Gh / s
3250W
0.20kw / h

Eventually:
Rev. $ 40
Profit $ 26
As a result, you pay almost 50% for electricity on a modern ASIC. It is better to choose a video card for mining, such as 6600 XT or 6700 XT, which consume little electricity.

Hmm you calculate it wrong dude. Or why you say rev. 40$ and profit 26$?

A new L7 makes 38$ LTC and 110$ DOGE -> so you make around 150$ - 15.6$ electricity = around 130$ daily and not 26$  

I made calculations for asik s19j pro (104Th)
Antminer L7 will ship next month.
whattomine uses Revenue as profit + energy costs

[sxemini]

Hey team, I’ve recently got an awesome opportunity to acquire three 1246’s and two s19j pro (104Th)

That said I have a warehouse which is very secure and with proper ventilation.   I feel like this is a no brainer tbh. My biggest con for me is my power cost as in New Zealand power is more expensive (0.20kw/h)

On a side note I see the new L7 is getting released in November and wouldn’t mine getting my hands on that. I currently mine with gpus but wanted to expand into Asics.

Your electricity is very expensive.
Use a calculator
https://whattomine.com/asic
104000.0Gh / s
3250W
0.20kw / h

Eventually:
Rev. $ 40
Profit $ 26
As a result, you pay almost 50% for electricity on a modern ASIC. It is better to choose a video card for mining, such as 6600 XT or 6700 XT, which consume little electricity.

Hmm you calculate it wrong dude. Or why you say rev. 40$ and profit 26$?

A new L7 makes 38$ LTC and 110$ DOGE -> so you make around 150$ - 15.6$ electricity = around 130$ daily and not 26$  

I made calculations for asik s19j pro (104Th)
Antminer L7 will ship next month.
whattomine uses Revenue as profit + energy costs

Ah yes sorry 

But an s19 is to expensive in my opinion for this low revenue. For this money you are right, it is better to buy GPU´s.

[FP91G]

No problem.
I want to say that many people are trying to calculate profit from ASICs that are not yet for sale.
Perhaps if you receive this ASIC one of the first, then the first month the profit will be the same as in the calculator.
But then, as ASICs are sent to many buyers and start mining, the profit will quickly fall.

[TheMimic1]

Not good investment IMO, the electricity bill is more than the gains you are making, how will you cope if bear market comes? Think deeply before buying such miners, why not buy GPUs? Even if you want to sell in bear market it's possible, though the price may be low but not as low as ASICS since gamers will still need graphic cards

[philipma1957]

No problem.
I want to say that many people are trying to calculate profit from ASICs that are not yet for sale.
Perhaps if you receive this ASIC one of the first, then the first month the profit will be the same as in the calculator.
But then, as ASICs are sent to many buyers and start mining, the profit will quickly fall.

the L7 should let us know what is in store for asics the next five-seven months

ie if it comes on time and the diff jumps 30%  cool

but if it comes a month late and diff jumps 65%  not cool

we have no idea how many they will release but in 2018 gear flooded the market and prices tanked liked a mofo.

if gear is restricted and diff does not go crazy then i think we are in good shape.