build or buy a miner?

[k1ng87]

so I've been reading up on bitcoin recently and am wanting to get into mining. I understand how it works but don't quite understand the technical side of it fully. One of the first things I'm interested in is, is it better to buy a miner to to build one yourself? Lets say I had a budget of about $2k, what would be better, build on? or buy one?

[AvaiSc]

so I've been reading up on bitcoin recently and am wanting to get into mining. I understand how it works but don't quite understand the technical side of it fully. One of the first things I'm interested in is, is it better to buy a miner to to build one yourself? Lets say I had a budget of about $2k, what would be better, build on? or buy one?

before answer your question

i ask you first, how much is your electricity cost per kWh ?

[k1ng87]

$0.14....I was just looking at this calc: https://coinplorer.com/Hardware/Simulate

doesn't seem like it can be very profitable with some of the miners listed there at 0.14....don't know if I'm running the simulation right (just let it sit on default values and ran it with achilles labs miners)

[k1ng87]

I'm thinking about going the build route...seems like its much better if I want to expand later?

[zetaray]

How do you go about building a miner? I haven't seen an asic hobby kit around.

[k1ng87]

How do you go about building a miner? I haven't seen an asic hobby kit around.

I see that asics don't seem to be around to build...but what about the GPU route?

or what about 5 of these?

https://bitmaintech.com/productDetail.htm?pid=00020141029135048724z39CYwEQ0684

[xstr8guy]

How do you go about building a miner? I haven't seen an asic hobby kit around.

I see that asics don't seem to be around to build...but what about the GPU route?

or what about 5 of these?

https://bitmaintech.com/productDetail.htm?pid=00020141029135048724z39CYwEQ0684

You don't "build" a C1. You hook it up to a liquid cooling loop. In fact you can't actually "build" an ASIC miner unless you have many millions of dollars. There are some miners for sale that need some minimal assembly but you don't really save any money by putting them together.

And GPU mining of BTC has not been profitable for well over a year. You might be able to find a few alt/scam coins you can still mine with GPUs but it's dying very quickly... if not completely dead already.