plug and play miner

[DS-72]

hello i was looking arround for a btc miner to make profit but i couldnt find any that make nice profit my budget is €500 does anyone have any tips or advices i can use? Or any specific models?

[BitMaxz]

I think for that amount you can buy 2nd hand unit like s19 units but I do not know if its profitable in your current place.

Why not share with us first your current electricity rate? For s19 units if you have a $0.03 electricity rate, then it's profitable except above $0.05.

You can use some tools like https://www.asicminervalue.com/ to find what unit model is profitable in your country.
Once you find the model unit you like, ask @offordscott if they do have a second-hand unit that fits your budget.
Here's the old thread: https://bitcointalk.org/index.php?topic=5138318.0 Contact him via telegram; he is active daily. Be careful dealing with fake offordscott so only use the link from that thread.

[ABCbits]

Since you intent to make profit, be careful with small/solo mining device. While some of them have have good efficiency in terms of J/TH, ratio of it's hashrate and price usually isn't good compared with bulky ASIC. And if you're willing to reveal country or region where you live, other members may be able to give specific seller recommendation.

[FP91G]

hello i was looking arround for a btc miner to make profit but i couldnt find any that make nice profit my budget is €500 does anyone have any tips or advices i can use? Or any specific models?

Before you buy an asic you should use the calculator
https://www.asicminervalue.com/
Modern models of asics cost a lot more, and older models can mine at a loss.
What is your cost of electricity?
Do you have the ability to install a noisy asic in your facility?
If you answer these questions, the communication will be more useful.

[BitSean]

€500 makes a profitable BTC miner tough, electricity costs bite! Older S9s are good for learning, not profits. Try altcoin mining and swapping?? Cheap power helps.

[DaveF]

And also keep in mind profitable today with BTC @ $87500 does not mean profitable tomorrow if it drops to $75000. The same thing applies if BTC goes up, you might not be able to make a profit today, but if BTC kits $120000 then you might be well into profit.

Same with power. If you jump from $0.04 kw to $0.05 (yes it's a 25% jump) that could kill profits too.
Even minor fluctuations in cost could hit hard. Add on any other costs such as more cooling needed for the location where you have the miner.

-Dave

[KiaKia]

hello i was looking arround for a btc miner to make profit but i couldnt find any that make nice profit my budget is €500 does anyone have any tips or advices i can use? Or any specific models?

If I tell you that there is one that makess profit it is a lie.

There is no plug and play BTC miner that is profitable, they do exists but solely for those who want to try their lucks with BTC solo mining, which may never bring you anything for years.

These type of miners have to solve a block on their own and that's a long of work, it is like trying to hit a target with 0.00009% chances of winning, few people have became lucky with this in the past but believe me, they are like 2 out of 2000 people like them trying their lucks everyday.

For such miners to be  cheaper, they power consumption has to be lower and this makes the hashing power to also be lower too, so this machines are not good for someone who wants to make income every day or even monthly, it might never happen.

[FP91G]

€500 makes a profitable BTC miner tough, electricity costs bite! Older S9s are good for learning, not profits. Try altcoin mining and swapping?? Cheap power helps.

For 500 euros it's hard to buy a profitable asic for altcoins. You can buy 1-2 lottery devices for bitcoin mining for that money.

[BitJannik]

hello i was looking arround for a btc miner to make profit but i couldnt find any that make nice profit my budget is €500 does anyone have any tips or advices i can use? Or any specific models?

With a €500 budget, it's tough to find a bitcoin miner that generates good profits. You might consider a used miner or look into mining altcoins which can be more affordable. Joining a mining pool can also help you earn consistent rewards. Be sure to check electricity costs as they impact profitability.

[Outhue]

hello i was looking arround for a btc miner to make profit but i couldnt find any that make nice profit my budget is €500 does anyone have any tips or advices i can use? Or any specific models?

With €500 you can only get an altcoin miner and make profit for a while, still I don't guarantee that you will make your initial back, this reminds me of Kaspa miners from ICERIVER, I got each for $400 and I was able to make $100 back, today they are no more profitable, unplugged and gathering dust.

You can get a Canaan Avalon miner with this money, something similar to the picture below.



With Just 140 watts you can plug and forget it for years, maybe you can hit a block one day who knows? But know that this is a kinda lottery, with 6TH/s you are better than those using solo miners  with 2TH.

[FP91G]

hello i was looking arround for a btc miner to make profit but i couldnt find any that make nice profit my budget is €500 does anyone have any tips or advices i can use? Or any specific models?

With €500 you can only get an altcoin miner and make profit for a while, still I don't guarantee that you will make your initial back, this reminds me of Kaspa miners from ICERIVER, I got each for $400 and I was able to make $100 back, today they are no more profitable, unplugged and gathering dust.

You can get a Canaan Avalon miner with this money, something similar to the picture below.



With Just 140 watts you can plug and forget it for years, maybe you can hit a block one day who knows? But know that this is a kinda lottery, with 6TH/s you are better than those using solo miners  with 2TH.

Have you read reviews about this miner?
I'm not sure that this ASIC can work for years

[MaxLevCoin]

hello i was looking arround for a btc miner to make profit but i couldnt find any that make nice profit my budget is €500 does anyone have any tips or advices i can use? Or any specific models?

With €500 to spend, finding a bitcoin miner that really pays off is tricky. I'd look at something like Avalon A1346 with 107 th/s which sound pretty solid. it was released since 2022 and it is still profitable until today. But here's the thing, your electric bill can totally mess with how much you actually make so keep an eye on that. You could also peek at some platforms that make mining easier and promise steady cash, might save you some headaches. Oh and I'd definitely play around with those online mining calculators like the asic profit ones to get a rough idea of what you'd earn. Just make sure to dig into it all before you drop any money on gear or services, don't rush in blind!

[ABCbits]

hello i was looking arround for a btc miner to make profit but i couldnt find any that make nice profit my budget is €500 does anyone have any tips or advices i can use? Or any specific models?

With €500 you can only get an altcoin miner and make profit for a while, still I don't guarantee that you will make your initial back, this reminds me of Kaspa miners from ICERIVER, I got each for $400 and I was able to make $100 back, today they are no more profitable, unplugged and gathering dust.

You can get a Canaan Avalon miner with this money, something similar to the picture below.



With Just 140 watts you can plug and forget it for years, maybe you can hit a block one day who knows? But know that this is a kinda lottery, with 6TH/s you are better than those using solo miners  with 2TH.

Have you read reviews about this miner?
I'm not sure that this ASIC can work for years

This company have been around for many years, so i doubt quality of this ASIC is that bad. Although if you're talking profit, it's efficiency (J/Ths) isn't very good where ROI is probably impossible.

Oh and I'd definitely play around with those online mining calculators like the asic profit ones to get a rough idea of what you'd earn. Just make sure to dig into it all before you drop any money on gear or services, don't rush in blind!

Related thread, asicprofit dot com is a probable scam mining calculator website.