General Advice on ASIC's

[silverbearss]

Hello Everyone,

  I am new to mining and been doing a ton of research of what to buy and what to look out for.  I'm looking to buy a ASIC miner, but really don't want to pay the mark up.  Eventually I would like to mine all the types of crypto, but have to start off with something.  For example, IceRiver looks good, but on their website they are sold out. If I look on eBay there is a huge mark up on them.  Any advice where else to buy?  Do I trust the https://www.asicminervalue.com/ telling me that Akminer, Nhash, Jingle Mining, ect are trusted resellers.  Is there some where I should follow when the latest ASIC is released or a mailer list to get on?  It appears to be ahead of the game is to buy as soon as it is released.  Looking at this a just a fun hobby.

Thanks in advance.

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[1715548013]

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[1715548013]

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[NotFuzzyWarm]

Being new to mining one very important thing to understand that all crypto coins are NOT the same and most have very different hardware requirements. In short, only 1 is Bitcoin BTC. ALL others are altcoins and most of those are aka crapcoins because they are near worthless...

That said, this is the Bitcoin area and discussions are restricted to only Bitcoin. Period.
All questions & discussion for the other coins belongs in the Altcoin areas.

As for mining equipment distributors, only buy either direct from the manufacturers or only from their Authorized distributors that are listed on their site. Buying from anywhere else increases risk of being scammed and even more importantly, even if the gear is new it will NOT have a Factory supported warranty unless it bought from the mfgr or one of their Authorized Distributors.

[philipma1957]

Hello Everyone,

  I am new to mining and been doing a ton of research of what to buy and what to look out for.  I'm looking to buy a ASIC miner, but really don't want to pay the mark up.  Eventually I would like to mine all the types of crypto, but have to start off with something.  For example, IceRiver looks good, but on their website they are sold out. If I look on eBay there is a huge mark up on them.  Any advice where else to buy?  Do I trust the https://www.asicminervalue.com/ telling me that Akminer, Nhash, Jingle Mining, ect are trusted resellers.  Is there some where I should follow when the latest ASIC is released or a mailer list to get on?  It appears to be ahead of the game is to buy as soon as it is released.  Looking at this a just a fun hobby.

Thanks in advance.

Okay knowing the country you are in would help.

And knowing the power you can provide would help.

are you able to listen to loud ass gear. as a lot of gear is loud.

are you willing to spend 500 or 1000 or 5000.

do you expect to make money.


If you are usa based and can provide a 20 amp 220-240 volt circuit .  I would go to this website

https://altairtech.io/product/bitmain-antminer-s19-xp-140t/ buy the xp and add this controller
https://altairtech.io/product/epic-umc/

cost for above is  around 3500.

you can down clock the gear and lower the fans. making sound okay


but 3500 is money.


you could look at these sites

https://altairtech.io/
https://vmssecuritycloud.com/


usa based and legit

[silverbearss]

Being new to mining one very important thing to understand that all crypto coins are NOT the same and most have very different hardware requirements. In short, only 1 is Bitcoin BTC. ALL others are altcoins and most of those are aka crapcoins because they are near worthless...

That said, this is the Bitcoin area and discussions are restricted to only Bitcoin. Period.
All questions & discussion for the other coins belongs in the Altcoin areas.

As for mining equipment distributors, only buy either direct from the manufacturers or only from their Authorized distributors that are listed on their site. Buying from anywhere else increases risk of being scammed and even more importantly, even if the gear is new it will NOT have a Factory supported warranty unless it bought from the mfgr or one of their Authorized Distributors.

Apologies as I just noticed that now, but I do want to do Bitcoin and was thinking of the Bitmain Antminer S19j Pro.  I've seen that Whatsminer are better because of features and being bulletproof.  I'm just trying to figure to buy the latest and greatest ASIC for Bitcoin or just buy used equipment to get started.

[silverbearss]

Hello Everyone,

  I am new to mining and been doing a ton of research of what to buy and what to look out for.  I'm looking to buy a ASIC miner, but really don't want to pay the mark up.  Eventually I would like to mine all the types of crypto, but have to start off with something.  For example, IceRiver looks good, but on their website they are sold out. If I look on eBay there is a huge mark up on them.  Any advice where else to buy?  Do I trust the https://www.asicminervalue.com/ telling me that Akminer, Nhash, Jingle Mining, ect are trusted resellers.  Is there some where I should follow when the latest ASIC is released or a mailer list to get on?  It appears to be ahead of the game is to buy as soon as it is released.  Looking at this a just a fun hobby.

Thanks in advance.

Okay knowing the country you are in would help.

And knowing the power you can provide would help.

are you able to listen to loud ass gear. as a lot of gear is loud.

are you willing to spend 500 or 1000 or 5000.

do you expect to make money.


If you are usa based and can provide a 20 amp 220-240 volt circuit .  I would go to this website

https://altairtech.io/product/bitmain-antminer-s19-xp-140t/ buy the xp and add this controller
https://altairtech.io/product/epic-umc/

cost for above is  around 3500.

you can down clock the gear and lower the fans. making sound okay


but 3500 is money.


you could look at these sites

https://altairtech.io/
https://vmssecuritycloud.com/


usa based and legit

USA
220V
Noise - no problem
Been looking at gear over $5k, but it is the ROI I'm looking at.
I would be happy to break even after 6 months
Thank you for the advice.  Hopefully you don't mind if I contact you later with other questions.

[silverbearss]

If I buy directly from the manufacture is there a 30% import tax to be paid from importing it from China to the USA?

[philipma1957]

If I buy directly from the manufacture is there a 30% import tax to be paid from importing it from China to the USA?

the forum member mikeywith is a good seller for whatsminer


https://bitcointalk.org/index.php?topic=5440613.0

I got 2x m30s and 4x m50s from him

they have ways to deal with import taxes

some come from Malaysia


he will offer you some support if gear breaks and I can help you with setup

[MFahad]

Being new to mining one very important thing to understand that all crypto coins are NOT the same and most have very different hardware requirements. In short, only 1 is Bitcoin BTC. ALL others are altcoins and most of those are aka crapcoins because they are near worthless...

Bro. calling most of the Altcoins Crap coins is not fair. I understand there are a significant amount of shitcoins out there in the crypto market. but there are tons of Altcoins which are very good. Ethereum, Dogecoin, Altcoin, and many more.

Being new to mining one very important thing to understand that all crypto coins are NOT the same and most have very different hardware requirements. In short, only 1 is Bitcoin BTC. ALL others are altcoins and most of those are aka crapcoins because they are near worthless...

That said, this is the Bitcoin area and discussions are restricted to only Bitcoin. Period.
All questions & discussion for the other coins belongs in the Altcoin areas.

As for mining equipment distributors, only buy either direct from the manufacturers or only from their Authorized distributors that are listed on their site. Buying from anywhere else increases risk of being scammed and even more importantly, even if the gear is new it will NOT have a Factory supported warranty unless it bought from the mfgr or one of their Authorized Distributors.

Apologies as I just noticed that now, but I do want to do Bitcoin and was thinking of the Bitmain Antminer S19j Pro.  I've seen that Whatsminer are better because of features and being bulletproof.  I'm just trying to figure to buy the latest and greatest ASIC for Bitcoin or just buy used equipment to get started.

I don't recommend to buy used mining equipment. it is much better to buy brand new mining rigs because used rigs don't have any guarantee and you would not know how long would they last.

[philipma1957]

Being new to mining one very important thing to understand that all crypto coins are NOT the same and most have very different hardware requirements. In short, only 1 is Bitcoin BTC. ALL others are altcoins and most of those are aka crapcoins because they are near worthless...

Bro. calling most of the Altcoins Crap coins is not fair. I understand there are a significant amount of shitcoins out there in the crypto market. but there are tons of Altcoins which are very good. Ethereum, Dogecoin, Altcoin, and many more.

Being new to mining one very important thing to understand that all crypto coins are NOT the same and most have very different hardware requirements. In short, only 1 is Bitcoin BTC. ALL others are altcoins and most of those are aka crapcoins because they are near worthless...

That said, this is the Bitcoin area and discussions are restricted to only Bitcoin. Period.
All questions & discussion for the other coins belongs in the Altcoin areas.

As for mining equipment distributors, only buy either direct from the manufacturers or only from their Authorized distributors that are listed on their site. Buying from anywhere else increases risk of being scammed and even more importantly, even if the gear is new it will NOT have a Factory supported warranty unless it bought from the mfgr or one of their Authorized Distributors.

Apologies as I just noticed that now, but I do want to do Bitcoin and was thinking of the Bitmain Antminer S19j Pro.  I've seen that Whatsminer are better because of features and being bulletproof.  I'm just trying to figure to buy the latest and greatest ASIC for Bitcoin or just buy used equipment to get started.

I don't recommend to buy used mining equipment. it is much better to buy brand new mining rigs because used rigs don't have any guarantee and you would not know how long would they last.

Never say eth is a good coin it is p.o.s and that stands for piece of shit.

mr v set back the entire gpu industry with his nonsense.

I can't say how much I detest eth and the crap ball mr v owes me 2 eth coins.

also this is a btc section not an alt coin section.

[FP91G]

If I buy directly from the manufacture is there a 30% import tax to be paid from importing it from China to the USA?

There is a tax in every country, but in Russia, the miners I know pay money for the equipment to the supplier and pick up the equipment at the point of delivery. Your seller solves these problems. If you are buying for home mining, then you do not need customs documents.