Cryptominers made $100,000 from mining at an Airbnb for three weeks — the guests

[BitMaxz]

i didn't know there was something like that that could make that much profit but it seems doable. but the power requirement would be 35 kilowatts. i doubt that lady's house could handle that type of situation. so that's out of the picture.

The unit that I mentioned according to ASICminerValue that's the new miner coming from Bitmain and the coins that they mine are gradually rising while the difficulty increases but still, it's profitable and you can't imagine it is more profitable than Kaspa you can check the unit from the link below I'm sure the 10pc's they mention are this miner.

- https://www.asicminervalue.com/miners/bitmain/antminer-al1-156th

[larry_vw_1955]

The unit that I mentioned according to ASICminerValue that's the new miner coming from Bitmain and the coins that they mine are gradually rising while the difficulty increases but still, it's profitable and you can't imagine it is more profitable than Kaspa you can check the unit from the link below I'm sure the 10pc's they mention are this miner.

- https://www.asicminervalue.com/miners/bitmain/antminer-al1-156th

$30,000 is alot to pay for a miner. and it doesn't even mine bitcoin. i wonder how long it will stay "profitable". probably not very long at all once people start getting their hands on that miner. break even is about 3 months at best but i doubt it would ever break even. it either stops working before break even or the difficulty goes up so high that it becomes uneconomical to run anymore.

$30,000 is an insane price to pay to mine an altcoin. don't you think?  

[mikeywith]

I call b.s on this one, it is plain simple if they made a 100k profit in 3 weeks for a $1500 bill + rent which won't be anything near 5k but say the total cost was 10k so 90k profit or 30k per week, they would have rented that house for year, who would leave?

The lady is lying.

[philipma1957]

The unit that I mentioned according to ASICminerValue that's the new miner coming from Bitmain and the coins that they mine are gradually rising while the difficulty increases but still, it's profitable and you can't imagine it is more profitable than Kaspa you can check the unit from the link below I'm sure the 10pc's they mention are this miner.

- https://www.asicminervalue.com/miners/bitmain/antminer-al1-156th

$30,000 is alot to pay for a miner. and it doesn't even mine bitcoin. i wonder how long it will stay "profitable". probably not very long at all once people start getting their hands on that miner. break even is about 3 months at best but i doubt it would ever break even. it either stops working before break even or the difficulty goes up so high that it becomes uneconomical to run anymore.

$30,000 is an insane price to pay to mine an altcoin. don't you think?  

i paid 51k for 3 antminer L7 miners they made over 100k after power cost and are still making decent money

[larry_vw_1955]

i paid 51k for 3 antminer L7 miners they made over 100k after power cost and are still making decent money

i would say you're very fortunate because if i paid that much for something i would be worried that it would stop working before i could even break even   i'm not sure what type of lifespan these type of hardware has but i guess how you treat it can affect that.

but paying $30k for a miner that can only mine 2 coins (blake3) is different i guess than what you did because your's mines using scrypt which alot of coins work with that. so you have more choices.

[FP91G]

The unit that I mentioned according to ASICminerValue that's the new miner coming from Bitmain and the coins that they mine are gradually rising while the difficulty increases but still, it's profitable and you can't imagine it is more profitable than Kaspa you can check the unit from the link below I'm sure the 10pc's they mention are this miner.

- https://www.asicminervalue.com/miners/bitmain/antminer-al1-156th

$30,000 is alot to pay for a miner. and it doesn't even mine bitcoin. i wonder how long it will stay "profitable". probably not very long at all once people start getting their hands on that miner. break even is about 3 months at best but i doubt it would ever break even. it either stops working before break even or the difficulty goes up so high that it becomes uneconomical to run anymore.

$30,000 is an insane price to pay to mine an altcoin. don't you think?  

If I had equipment that could be paid off in 85 days, and with the manufacturer's price maybe in 2 months, why would anyone sell such asics?
This is another money making scheme where the asics manufacturer pampers the price of a coin, then sells asics with high payback.

[CochnocherCrypto]

Yeaaaa as an individual who mines for a living - this is just crap journalism. If they can show me the profits - I’ll rethink this but I’m willing to bet that it’s just not possible in the given time frame with residential power limitations…. As you have all said, 15A breakers (even at 208-240V) aren’t going to power enough hardware to generate that amount of BTC. kHeavyHash and Blake3 altcoin miners are the most profitable regarding electricity OUT/coins IN (in USD values) and even so - the Blake3 machine that could potentially do this isn’t shipping yet and costs a whopping 32K USD (so in reality - let’s just entertain that for a moment…. That would mean they had to mine nearly $500K USD to ROI and claim 100K of profit).

I do not doubt that there are people out there attempting this sort of thing - utilizing airBNB/motels for free electricity but like some of you have mentioned - the labor involved coupled with the risk due to variance in solo mining (as a sort of turn-key portable mining op would require for actual profitability) would make anyone with half a brain see that this is NOT feasible lol.

Not sure why someone went ahead to publish this - either those who did it were trying to impress someone and grossly exaggerated everything, they themselves utilize airBNB to rent their own properties and someone did something like this - this they are trying to indirectly give miners a bad name, or the third option - attention-craving / boredom perhaps?

Anyway - if anyone sees this headline and thinks “what a fantastic idea!” - think again. Attempting this is a monumental waste of time.

[larry_vw_1955]

If I had equipment that could be paid off in 85 days, and with the manufacturer's price maybe in 2 months, why would anyone sell such asics?

the simple fact of the matter is, it can't be paid off in 2 months, not even 3. every single day the income is going down. like right now the projected break even point is now about 117 days. it will keep getting longer. because the income keeps going down.

This is another money making scheme where the asics manufacturer pampers the price of a coin, then sells asics with high payback.

well yeah i mean, just a few days ago it said the profit per day was like $340 now it's $260. before it even ships i bet its down to $100.  

[BitcoinBarrel]

I'm going to go with things that probably didn't happen for a dollar.

Where is the video footage of them bringing out the computers?

[FP91G]

If I had equipment that could be paid off in 85 days, and with the manufacturer's price maybe in 2 months, why would anyone sell such asics?

the simple fact of the matter is, it can't be paid off in 2 months, not even 3. every single day the income is going down. like right now the projected break even point is now about 117 days. it will keep getting longer. because the income keeps going down.

The more asics are involved in mining, the less profit a miner will have per day and this will greatly affect the payback. Therefore, such ‘shovels’ are profitable to sell and not to mine independently. For shovels to better buy miners, it is desirable to raise the price of coins for mining before selling to the manufacturer of asics.

[larry_vw_1955]

The more asics are involved in mining, the less profit a miner will have per day and this will greatly affect the payback. Therefore, such ‘shovels’ are profitable to sell and not to mine independently. For shovels to better buy miners, it is desirable to raise the price of coins for mining before selling to the manufacturer of asics.

just think of them as house heaters. and any income you make on them is just unexpected bonus. that's probably a better way to look at those particular $30,000 blake3 miners. i doubt they ever reach break even.

don't forget too. you can't just plug them into a normal power outlet. not at all. you will need a dedicated circuit that can deliver 3500 watts continuously. you have to buy some type of power supply too which will probably cost thousands as well.

people really do get screwed with expensive shovels. i don't know what they are thinking...

[FP91G]

The more asics are involved in mining, the less profit a miner will have per day and this will greatly affect the payback. Therefore, such ‘shovels’ are profitable to sell and not to mine independently. For shovels to better buy miners, it is desirable to raise the price of coins for mining before selling to the manufacturer of asics.

just think of them as house heaters. and any income you make on them is just unexpected bonus. that's probably a better way to look at those particular $30,000 blake3 miners. i doubt they ever reach break even.

don't forget too. you can't just plug them into a normal power outlet. not at all. you will need a dedicated circuit that can deliver 3500 watts continuously. you have to buy some type of power supply too which will probably cost thousands as well.

people really do get screwed with expensive shovels. i don't know what they are thinking...

I would recommend you look into the noise figures, so such asics will be poor heaters.

https://www.asicminervalue.com/

The name Icerivers AL0 suggests that AL1,AL2... AL5 models are coming soon. Everything as it was on the Кaspa coin.

[stompix]

I call b.s on this one, it is plain simple if they made a 100k profit in 3 weeks for a $1500 bill + rent which won't be anything near 5k but say the total cost was 10k so 90k profit or 30k per week, they would have rented that house for year, who would leave?

The lady is lying.

It's definitely fake
If we take the 10cents per kwh, that means 15 000 kwh, 21 days for 3 weeks so 700kwh, 10 machines, since the two blake asics are not available at the time for the story, even with the Kaspa best gear they would make 1/3 of it.
Now, what miners go through an airbnb with $80 k worth of miner and stay for just that?

They’d also set up a charging station for their electric vehicle.

And from the above number subtract the charging, the AC, the usage, maybe she is at 20cents per kwh, no way!

At 5k a day for 100$ in electricity you would simply host in datacenter!

[larry_vw_1955]

I would recommend you look into the noise figures, so such asics will be poor heaters.

yeah i forgot about the noise issue. but some of them aren't so bad. 35dB is not very loud is it?

[FP91G]

I would recommend you look into the noise figures, so such asics will be poor heaters.

yeah i forgot about the noise issue. but some of them aren't so bad. 35dB is not very loud is it?

I think it depends a lot on the number of asics.
When you have 1 or 2 video cards in your computer it is not so noisy, but when you are in a room where 50-100 of them are mining, it is very noisy.

[larry_vw_1955]

I think it depends a lot on the number of asics.
When you have 1 or 2 video cards in your computer it is not so noisy, but when you are in a room where 50-100 of them are mining, it is very noisy.

yeah but it's not like 35 decibels plus 35 decibels = 70 decibels is it? i don't think that's how decibel scale works but not sure how exactly. but i'll take your word for it that 100 of them is "very noisy" 

[MarbCoin]

If this were true, every one of us would have a mining rig set up. 1.5k electricity + 30k rig is a nice investment to get 100k every x weeks?

The story is probably 1500 spent on electricity made 100,000 tokens, worth 10k us?

[FP91G]

I think it depends a lot on the number of asics.
When you have 1 or 2 video cards in your computer it is not so noisy, but when you are in a room where 50-100 of them are mining, it is very noisy.

yeah but it's not like 35 decibels plus 35 decibels = 70 decibels is it? i don't think that's how decibel scale works but not sure how exactly. but i'll take your word for it that 100 of them is "very noisy" 

I haven't measured the noise level of my video cards, but I can tell you that it's uncomfortable to be there for a long time with so many video cards because of the noise. I can sleep when there are 1-2 mining farms with 10-12 video cards nearby, but when there are 2-3 times more video cards, I usually take the mining farm to another room for repair or maintenance. But I think this is individual, those who work with headphones on large mining farms with ASICs will have a different opinion.