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elenafen07 (OP)
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June 19, 2025, 03:17:43 PM
 #1

Hello im kind of new is it still possible to earn some bitcoin with mining ?
philipma1957
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June 19, 2025, 07:22:23 PM
Last edit: June 19, 2025, 07:52:15 PM by philipma1957
 #2

Hello im kind of new is it still possible to earn some bitcoin with mining ?

yes you can earn btc
no you as can not earn btc as cheaply as it is to buy it.  most every where in the world.


First question to you is your power cost cheap (under 10 cents a watt)

second question to you is do you need a space heater?

If you need a space heater and your power cost is cheap you can buy a 1 board modded s19 xp miner

Maybe 600 bucks  it mines 35 th or $1.75 a day

since you need a space heater you do not mind the power it burns.

here is a gui. Screen shot 35th 800 watts


here is the unit


power use is 760 watts







a bit lower than the gui read of 800 watts.

this is on a faster setting

you could do as low as 400 watts and 17th, but only if  either A or B is true is it worth while

A) power is free
B) you use a space heater a lot

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Outhue
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June 20, 2025, 11:38:18 AM
 #3

Bitcoin.

Easy to buy, harder to mine.

As a newbie you are, to mine Bitcoin it depends on two things.

1. Your electricity must be very cheap.
2. Your pocket must be heavy.

It costs a lot to mine Bitcoin in 2025 and its only getting started, mining isn't for many people anymore, there are also some things that can happen after you get everything running.

A hardware part can die on you, how long your equipment will last will always remain a misery.

I will choose to buy and hold or else I really want to mine as a hobbist, the past you was a miner? If no I recommend you think this through very carefully.

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philipma1957
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June 21, 2025, 12:56:25 PM
 #4

Bitcoin.

Easy to buy, harder to mine.

As a newbie you are, to mine Bitcoin it depends on two things.

1. Your electricity must be very cheap.
2. Your pocket must be heavy.

It costs a lot to mine Bitcoin in 2025 and its only getting started, mining isn't for many people anymore, there are also some things that can happen after you get everything running.

A hardware part can die on you, how long your equipment will last will always remain a misery.

I will choose to buy and hold or else I really want to mine as a hobbist, the past you was a miner? If no I recommend you think this through very carefully.

Well I do not think anyone can go big and make good money anymore.

You can go small and if you need a space heater it is okay to do.

Avalon Mini 3

https://www.ebay.com/sch/i.html?_nkw=avalon+mini+3&_sacat=0&_from=R40&_udlo=800&_udhi=1%2C500&rt=nc&LH_PrefLoc=1


Now you will not get rich on it.

My units you will not get rich on them.

or real small

https://altairtech.io/product/bitaxe/



but to think you can buy a container and fill it with 100 miners and play with the big boys  nope I would advise against it.

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FalconFlow
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June 22, 2025, 01:26:26 AM
 #5

Hello im kind of new is it still possible to earn some bitcoin with mining ?

yes you can earn btc
no you as can not earn btc as cheaply as it is to buy it.  most every where in the world.


First question to you is your power cost cheap (under 10 cents a watt)

second question to you is do you need a space heater?

If you need a space heater and your power cost is cheap you can buy a 1 board modded s19 xp miner

Maybe 600 bucks  it mines 35 th or $1.75 a day

since you need a space heater you do not mind the power it burns.

here is a gui. Screen shot 35th 800 watts
https://www.talkimg.com/images/2025/06/19/UuZdkJ.png

here is the unit
https://www.talkimg.com/images/2025/06/19/UuZugC.jpeg

power use is 760 watts

https://www.talkimg.com/images/2025/06/19/UuZAdb.jpeg





a bit lower than the gui read of 800 watts.

this is on a faster setting

you could do as low as 400 watts and 17th, but only if  either A or B is true is it worth while

A) power is free
B) you use a space heater a lot

wow you mod that miner?is possible to start mining BTC hashboard by hashboard?
TheUltraElite
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June 22, 2025, 04:21:31 AM
 #6

If you are living in a country that has warm ambient temperature and high power costs then mining bitcoin will only be a hobbyist thing, not something to earn from.

You might be able to mine some altcoins and sell them on exchanges, but good luck trying to ROI there - its a different sort of rat race.

It is much easier to just buy bitcoin and hold it to sell in future, but prices are on higher side right now.

 
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June 23, 2025, 07:56:34 AM
 #7

Hello im kind of new is it still possible to earn some bitcoin with mining ?
The market is very unfair for normal human beings. Companies like BitFury pay as low as 3 cents in Kwh and also have tax-free zone, import miners without paying taxes and also pay zero tax in profits. If you have someone in the government, you'll be able to do that. Some people mine in places where electricity is free but you need someone from the government for that.

If you don't have access to free or very cheap electricity rates, then my suggestion to you is to not mine or only mine when Bitmain realises an asic miner for a coin that didn't have an asic before.

Easy to buy, harder to mine.
Easy to buy <-- Do you mean Bitcoin or mining equipment? I find buying of mining equipment very hard, I could never risk buying an Antminer from Bitmain from China cause I'm so afraid to receive a damaged miner. If any of them is damaged and I have to any of them back, the postal service in my country is so expensive that I'll pay the price of a mining equipment in shipment. That's why I have been sticking with GPU in the past, I'm sure Nvidia and AMD will give me a quality product.

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