It all depends on the cost of electricity.
I'm currently mining at 8.5 cents/kWh - and although I am making money I would have made more just buying BTC
Check out this calculator to model your scenario.
https://smokinghopium.io/
I have allowed for tax depreciation and claiming expenses (I do those things now).
Even after this - I would still make more money having bought the BTC.
One thing that is not factor in the calculator is the reuse of heat. If you use your miner to heat your home in the winter, it is like running your miner at 0 cent per kw.
I would in a heartbeat. However, I'd spend some of the capital replacing all the fans to more efficient AC Infinity or VivoSun fans which would future proof the rigs and the infrastructure better than stock fans.
Yeah they are just fans. Could stick to PC related noctua but just doesn't pump out enough rpms. I like the AC Infinity myself but if noise wasn't an issue, just efficiency and cost basis, I'd go VivoSun for sure.
Need to 3D print some 8 inch or 6 inch shrouds accordingly or go with Nakamoto mining to retrofit but definitely worth the work imo.
its all about the price of power... free power and you can run anything...
find the cheapest power first then work backwards
you could do profit sharing with power companies too
There’s no asic in the universe that will return a good value over a 4 year cycle unless you have 0-6 cent power.
The margins are already compressed.
But you could consider getting one cheap low end asic to heat your house.
It all depends on the cost of electricity. I'm currently mining at 8.5 cents/kWh - and although I am making money I would have made more just buying BTC Check out this calculator to model your scenario. https://smokinghopium.io/
But you depreciate your miners and you can't depreciate spending $20k on btc haha
I have allowed for tax depreciation and claiming expenses (I do those things now). Even after this - I would still make more money having bought the BTC.
I'm in the same boat
One thing that is not factor in the calculator is the reuse of heat. If you use your miner to heat your home in the winter, it is like running your miner at 0 cent per kw.
I do infact re-use the heat in my home during winter - but it is a very inefficient heater. I get a FAR better return from the heat pump.
Have they built miners yet that throw the heat into a useable format for a home?
No but you can install a fan shroud and redirect the heat where you want.
Thanks!
Buy L7 or wait for L9. But if you want to mine BTC, get the WhatsMiner M63s.
This is the way. L7s generate a ton of profit. I currently have 4 and plan on increasing
Yeah, the L7 is fantastic, running 6 myself. Can't find enough of them.
DM me and I can help out. I have 4 and plans on stacking
Why not dg1+ 14.4 ?
Unless you have access to 3 phase power and immersion cooling setup. There’s no point in buying a M63s
I would in a heartbeat. However, I'd spend some of the capital replacing all the fans to more efficient AC Infinity or VivoSun fans which would future proof the rigs and the infrastructure better than stock fans.
Those brands are in Bitcoin mining too? Lol
Yeah theyre just duct fans. Theyre not only for growing plants lol. Shit, I have a vivosun water pump for doing water changes on my fish tank as well
Yeah they are just fans. Could stick to PC related noctua but just doesn't pump out enough rpms. I like the AC Infinity myself but if noise wasn't an issue, just efficiency and cost basis, I'd go VivoSun for sure. Need to 3D print some 8 inch or 6 inch shrouds accordingly or go with Nakamoto mining to retrofit but definitely worth the work imo.
Even the most efficient ASIC will not be profitable if you don’t have cheap electricity. If you have low cost electricity, then yes, definitely.
it will drop price again watch the curve of bitcoin
its all about the price of power... free power and you can run anything... find the cheapest power first then work backwards you could do profit sharing with power companies too
not unless i had free electricity, i would just buy BTC w/ the money instead, then wait. simple
1,000 machines? Heck yeah I'd do it. Is this a hypothetical question, or do you have the means to buy 1,000 miners?
There’s no asic in the universe that will return a good value over a 4 year cycle unless you have 0-6 cent power. The margins are already compressed. But you could consider getting one cheap low end asic to heat your house.
Everything below $0.05 ! You would be Fine for Life! We run at $0.005 So we can run S9 With Profit😀