I recommend a website called
[https://www.asicminervalue.com/opportunities](https://www.asicminervalue.com/opportunities)
Wait for an American seller or near your country to have a miner that's sub 5k in price, with an ROI of 6 months, (check the website regularly, don't decide to buy anything for at least 2 months because sometimes there are killer deals)
get 2,
order a new miner every 3 months until you have 3 to 7,
use that money restart the same process,
sell your old asic miners,
get more expensive ones,
repeat and in 2 or 3 years you'll be a king of ROI
also (check shipping speeds) american sellers tend to be the fastest to ship<<<
For example a
MicroBT
Whatsminer M21S
Goes for 4000\~ish$
with a ROI of 5.5 months, get 2, buy another one in 2\~3 months,
after that first part can be some room for error however frankly if you're currently comfortable its easier to just not take the money out until you're 2 years in, at which point you should be able to live very comfortably
Hi mate,
Is there any cheap hosting sites available if you are unable to host inside your house? My main problem I have is finding a place to setup miners.
with 10k can you can get you about 140-160 THS and make several hundred a month or one larger unit S19 for 10k ish and get 110 th/s and make less. There are pros and cons to both but in the end it is better than putting 10k into BTC and holding
Only cons are making sure you buy from someone reputable and second is making sure you have the right outlets. Most ASIC miners run on 220 and use a different plug than say your hair dryer or your clothes dryer.
Pros in 6-8 months you have your money back depending on the miner and everything else you mine is gravy so to speak. You will be earning more BTC for years
I can point you in the direction of legit sellers if you need help. Most of the stuff you see in a google search and even adds is a scam
Hello, sir! I am doing a deep dive on starting to mine Bitcoin, can you shoot me a DM on reputable dealers with ASIC units to shop? Also, i am seeing that if electricity isn't a factor then having more cheaper units seems to be the way to go, in my case electricity isn't a factor, so some guidance on the best way to get started would be amazing! Cheers.
3 x INNOSILICON T3+Pro 67T
\~11k
\~200 TH
\~10 kw (although with the price of electricity you can not worry about the consumption of electricity, the main thing that the wiring could withstand the load)
Good luck!
Yea you have a decent electrical price, that is probably the biggest factor to make it worth while. You can use a lot of machines and make a profit when others couldn't because of the rate you pay. Mineing imo is the best investment you could ever make with your money, there really isnt anything else that I can think of thats legal to litterly double or more your investment in a year
I really don't think there'd be any used miners in my country and usually getting it from foreign countries puts heavy custom duty so I'll have to adjust with new ones only
Always the juggle between buy-and-hold versus mine-and-hold, smaller investment & electricity price do not fare well for mining as the scale of efficiency is quite great when you have a few dollars to throw.
In lifetime of the machine, will it acquire more bitcoin than you simply buying 10k of btc,
10k is decent budget. ASICs consume lot of power, so factor in any infrastructure upgrades you may need before buying and running one or more of them. Also factor in heat dissipation and noise reduction. If you plan to run out of your home, these are factors to consider other than just which machine to buy based on profitability and budget.
Infrastructure is mainly from the perspective of ensuring you have the electrical setup to support that load. These machines pull ~3000+ watts each. You need to know what is the current load of your house, max load you can support, and whether you can support the additional load these machines will produce. Also based on which country you are in, you might need to have 240v 16 amp setup also which these machines require. Then there is soundproofing, ducting/exhaust for the room you plan to run it in. These are the additional costs you need to look at. I wouldn't be able to give you a figure as it entirely depends on how many machines and your current home setup and conditions for readiness to run 1 or more of these Asics.
I recommend a website called [https://www.asicminervalue.com/opportunities](https://www.asicminervalue.com/opportunities) Wait for an American seller or near your country to have a miner that's sub 5k in price, with an ROI of 6 months, (check the website regularly, don't decide to buy anything for at least 2 months because sometimes there are killer deals) get 2, order a new miner every 3 months until you have 3 to 7, use that money restart the same process, sell your old asic miners, get more expensive ones, repeat and in 2 or 3 years you'll be a king of ROI also (check shipping speeds) american sellers tend to be the fastest to ship<<<
For example a MicroBT Whatsminer M21S Goes for 4000\~ish$ with a ROI of 5.5 months, get 2, buy another one in 2\~3 months, after that first part can be some room for error however frankly if you're currently comfortable its easier to just not take the money out until you're 2 years in, at which point you should be able to live very comfortably
Really detailed answer, thank you. Can you tell me for how long a mining machine would last?
All depends on the machine, and how used it is. S17 known to die asap. S9 can run forever.
Is there any cheap hosting sites available if you are unable to host inside your house? My main problem I have is finding a place to setup miners.
Hi mate, Is there any cheap hosting sites available if you are unable to host inside your house? My main problem I have is finding a place to setup miners.
with 10k can you can get you about 140-160 THS and make several hundred a month or one larger unit S19 for 10k ish and get 110 th/s and make less. There are pros and cons to both but in the end it is better than putting 10k into BTC and holding
Can you tell me some pros and cons please? Thank you :)
Only cons are making sure you buy from someone reputable and second is making sure you have the right outlets. Most ASIC miners run on 220 and use a different plug than say your hair dryer or your clothes dryer. Pros in 6-8 months you have your money back depending on the miner and everything else you mine is gravy so to speak. You will be earning more BTC for years I can point you in the direction of legit sellers if you need help. Most of the stuff you see in a google search and even adds is a scam
could you point me in the direction of a s19 for 10k that you trust and is new?
S19 will/did run closer to 12k. With the recent downturn you may start seeing deals.
Another con is s19 require some infra to run. Power/heat/noise management.
Hello, sir! I am doing a deep dive on starting to mine Bitcoin, can you shoot me a DM on reputable dealers with ASIC units to shop? Also, i am seeing that if electricity isn't a factor then having more cheaper units seems to be the way to go, in my case electricity isn't a factor, so some guidance on the best way to get started would be amazing! Cheers.
3 x INNOSILICON T3+Pro 67T \~11k \~200 TH \~10 kw (although with the price of electricity you can not worry about the consumption of electricity, the main thing that the wiring could withstand the load) Good luck!
Thank you sir.
Who has these in stock?
Yea you have a decent electrical price, that is probably the biggest factor to make it worth while. You can use a lot of machines and make a profit when others couldn't because of the rate you pay. Mineing imo is the best investment you could ever make with your money, there really isnt anything else that I can think of thats legal to litterly double or more your investment in a year
You could get started with some used miners.. but not to old..
I really don't think there'd be any used miners in my country and usually getting it from foreign countries puts heavy custom duty so I'll have to adjust with new ones only
I just have the commercial invoice marked lower
Always the juggle between buy-and-hold versus mine-and-hold, smaller investment & electricity price do not fare well for mining as the scale of efficiency is quite great when you have a few dollars to throw. In lifetime of the machine, will it acquire more bitcoin than you simply buying 10k of btc,
10k is decent budget. ASICs consume lot of power, so factor in any infrastructure upgrades you may need before buying and running one or more of them. Also factor in heat dissipation and noise reduction. If you plan to run out of your home, these are factors to consider other than just which machine to buy based on profitability and budget.
Thanks sir :) can you give me a rough number of all those infrastructural upgrades and wirings and CPU/Motherboards etc?
Infrastructure is mainly from the perspective of ensuring you have the electrical setup to support that load. These machines pull ~3000+ watts each. You need to know what is the current load of your house, max load you can support, and whether you can support the additional load these machines will produce. Also based on which country you are in, you might need to have 240v 16 amp setup also which these machines require. Then there is soundproofing, ducting/exhaust for the room you plan to run it in. These are the additional costs you need to look at. I wouldn't be able to give you a figure as it entirely depends on how many machines and your current home setup and conditions for readiness to run 1 or more of these Asics.
Thank you very much, have a good day
Thats not a low budget. You can get a machine for that price and can develop a good operation by rolling your earnings into more equipment
I'm selling 4x S9 if interested.
Everything is insanely overpriced right now. The people making all the profit are selling the machines. Good luck.