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Author Topic: Which ASIC miner to choose for Bitcoin Mining?  (Read 280 times)
Learn Bitcoin (OP)
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October 24, 2023, 12:57:19 PM
 #21

Learn Bitcoin, are you planning to mine? In here in Bangladesh? I don't think that's a good idea. You know how unreliable electricity is in our country. We don't have enough electricity to fulfill our demand. Where I live in load shedding is happening all the time. Electricity price per watt also went up recently. So I don't know if that's a good move.

Surely it won't be a good move since the electricity cost has increased. But, I was wondering if there are any ASIC miners that can be profitable even with such electricity costs. All I found is some Bitcoin miner with very low profitability. I also thought about other mining gears like Chia HDD farming a while ago, but I don't think it's worth spending that much to farm chia. I saw how HNT mining was creating hype at some point and then slowly disappeared. I feel like the Kaspa mining has the same future.

My suggestion would be try to reach out the miners of Bangladesh. They might be able to show you the current reality of mining in Bangldesh. Mining gig is can be very expensive. So before investing, you should consider those, cause the amount is big.

I anonymously contacted some miners who were attempting to sell their ASIC but unfortunately, when you talk with a seller, they won't give you the correct information. Most of their ASIC miners become a lose project because those are old miners.

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October 24, 2023, 02:04:44 PM
Last edit: October 24, 2023, 03:17:44 PM by stompix
 #22

At OP & others: Getting waayy of the section topic folks...
Lose the crapcoin bullshit as it has NO place here. Ya know - BTC only section and all...

Huh?  Shocked
Do you even know what you are talking about? I am somewhat puzzled and haven't gotten you enough yet.

Sorry to say but accusing Fuzzy of not knowing what he is talking about in the mining section is a sign you're on the wrong path.
It's simple, as I said before "helium mining, chia mining...shitcointalk!", any talk about how one of those is best for mining is altcoin trash.

Today, I woke up and saw Bitcoin touched the 34K range while it had been between 25K and 29K for the last couple of months. But it's hard for people like me to continue the business with such electricity costs. I didn't even start, so why am I thinking about continuing?

Doesn't make sense!
Revenue (not profit) is up 30%, even assuming you were on flat zero profits mine just to get clean no kyc coins right now you would be in profit.
If before you would spend 1$ for 1$ now you're making 30 cents profit, so your assumption is completely flawed.
The hydro you quoted at the start jumped from making 30 cents at 12 cents/kWh to $3.38, I honestly don't know how you could picture somebody who has been mining quoting now, it doesn't make sense!

I anonymously contacted some miners who were attempting to sell their ASIC but unfortunately, when you talk with a seller, they won't give you the correct information.

Speak with Mikeywith!





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October 24, 2023, 03:13:08 PM
 #23

At OP & others: Getting waayy of the section topic folks...
Lose the crapcoin bullshit as it has NO place here. Ya know - BTC only section and all...
Huh?  Shocked
Do you even know what you are talking about? I am somewhat puzzled and haven't gotten you enough yet.
If I understand you correctly, you are concerned about the Iceriver Kaspa miners that we were talking about. Well, that comes from when we discussed profitability and the electricity cost. Of course, I had no intention of talking about altcoin miners in the Bitcoin mining section. Sometimes, topic A is related to topic B, and there is nothing wrong when you talk about it. The overall discussion was about which ASIC miner to start Bitcoin Mining.
Perhaps you should read BITCOIN MINING INTRO & RULES OF THIS SUBFORUM - READ BEFORE POSTING
Specifically point-2:
2. This section is for BITCOIN MINING and related discussion ONLY. All bitcoin forks and alternate cryptocurrencies and discussion of them should be directed to a dedicated forum for those, or one of the altcoin subforums on this forum. All discussion regarding them will be moved without warning to the altcoin sections. If your topic is related to multiple currencies, then unless it is primarily about bitcoin it will be moved. Even if it is about sha256d mining but not about bitcoin it will be moved.

As Stompix suggested, once the conversations go off topic - move or continue them where the new direction (altcoins) belongs.

- For bitcoin to succeed the community must police itself -    My info useful? Donations welcome! 1FuzzyWc2J8TMqeUQZ8yjE43Rwr7K3cxs9
 -Sole remaining active developer of cgminer, Kano's repo is here
-Support Sidehacks miner development. Donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
Learn Bitcoin (OP)
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October 25, 2023, 02:46:52 AM
 #24

As Stompix suggested, once the conversations go off topic - move or continue them where the new direction (altcoins) belongs.

Well, I guess you did not read the last line of my post. As I said, sometimes Topic A brings Topic B and I don't think it's bad to discuss Topic B if it's kinda related to Topic A. However, I do not want to join in the debate because I know you are right. So, It does not worth writing shit when I am not confident in myself. I don't know if the rules are that much strict.

However, since I got my answer and believe these is nothing much to discuss about it, I would like to close this thread. If anyone have any comment, let me know, I will open the thread again.

Cheers!

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