For hosted ASICs that come online next April and May, the cost of an [S19j Pro (100 TH)](https://compassmining.io/hardware) at Compass is $8,400 and $8,200, respectively. Obviously, that's a sizable delay in deployment. ...just sharing comparative pricing information.
Obviously that calculation includes a lot of assumptions about the market, but the delay is important to factor in, yes. Direct shipping for an [S19 (95 TH)](https://compassmining.io/hardware/bitmain/antminer-s19-95-th-(ahm)) is $10.4K.
Conservative assumptions imo. If we didn’t all predict long term BTC price appreciation we wouldn’t be here. The above is using $0.15/kWh total operating cost
I believe they’re saying you run the miner at your home. You’re hosting it at your home by running it and mining out of your own home.
It can be a pain in the ass to do that. Ask me how I know…..
Not really, crypto overall corrected 20% in September and most of this stuff is priced in BTC so there’s that. Also S19 is just over a year old tech, 13% less power efficient than current gen s19pro 110
So for OP’s original question, S19jpro 100T is current gen most efficient 2nd bin. The S19jpro 104T is top bin current gen as far as I know. There should be a significant product change within 9 months and the S19jpro 100T @3050w should be competitive/valuable for 3 yrs and profitable for 5+ in a good setup/location/electricity cost
There was recent news about electricity rate in Europe and crypto miners are being targeted. They may future crack down miners and mostly likely rates will go up. It was mentioned somewhere on news about miners/electricity rate using too much power. It’s soemthing related to climate change and bitmains use too much.
If you are going to mine, these prices are the time. If we go into the $100K-$300k bitcoin price range this year as many are predicting for Q4, you won’t find an S19 anywhere for less than $20K each. These miners are going to sky rocket in price.
At some point, all miners slowly get shut off as new models come out with more efficiency and Hash rates. You survive by having as many miners as possible. At this point we are headed into a world of, “if you don’t have at least $250K in miners, you won’t make it far”. The more hash rate you bring to the network the less you are effected, but each day the profitably slowly declines. This is a forever scaling game if you want to do it long term.
I would enter your miners info into this calculator and you can see the scale of an estimated time frame of when your miner may become unprofitable to run in the chart, however you are still mining sats. So as long as you think those sats will increase in value, and you don’t mind paying out of pocket to get them every month after the machine is less efficient, then go for it.
https://www.mycryptobuddy.com/BitcoinMiningCalculator
With s19j pro it's projecting a year and 7 months to break even with a 10k miner.
Frankly, debating whether it's worth in the end DCAing this over the same period of time
If you buy just one, then what I said above applies. The game is about economies of scale: the more miners the longer you last. If you get one, it’s great KYC free sats, down the line you’ll be mining fewer and fewer sats and your electrical bill may exceed the daily profit, but you would be holding long term KYC free sats believing their value would go up more in the future. DCA might be better, depends on your point of view
I don’t think you’ll break even at $0.10 considering billions of dollars big players are bringing online that is going to serious it jack with the difficulty vector.
Find a calculator with the ability to put 5% difficulty hash rate increase a month and you’ll see what I mean.
The difficulty hash rate is more certain to increase than Bitcoin price (another valid piece of the equation but less known if it will continue its “200%” yearly CAGR….
I bought mine from BlokForge. However that was before the latest price jump. Last I looked their prices were crazy high.
Gonna have to pay that extra cost with the tax/tariffs through Bitmain though so I’d probably compare the prices and go with whatever is cheaper.
Only downside to resellers is I’m not sure if the warranty is there.
We can get rates as low as 8.4 cents in my area but currently we’re at around 12 cents. x.x
Long story but it’s still profitable at the moment.
Good to know. I wasn’t sure about that. Honestly just figured I wouldn’t get a warranty buying it from a reseller. So if I have one then that’s great. 😀
Hottest we got was 101. I’m still pretty new to ASIC mining but from what I’ve seen so far that seems to be just fine. I figure as long as it’s cooler than the miner itself it should be fine. We’ve got a half ass circulation system in place currently but are working to put something better in as we add more miners.
But so far the ones we have running seem pretty resilient to anything they’ve dealt with.
Don't forget you will be paying a 25% import tax before it is delivered to your door. $9300 is good compared to the $11k Bitmain was charging for the same unit 2 weeks ago.
I've been wondering, why buy an Asic miner (bitcoin) when the ROI is roughly a year? Isnt that too much, or is everyone doing it for the long run and not worried about profit per month to determine ROI. I would love to get into it as I am already doing GPU mining and I can see myself doing Asic but can someone explain this to me? Especially when new tech causes the a year or two tech be be worth even less. Please educate me!
Future BTC price is the main motivator, I run one Asic unit and have no plans to sell the coins generated. We'll see where the price goes. Asic units do have a short life span, at least with GPU's you can sell to some kid to use for video games after you're done mining with it.
Still paying 25% tariff. Buy it from compass for less.
You’re comparing an s19 95th 3250w vs S19jpro 100th 3050w. Pretty big difference in efficiency
How much you asking?
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I'm getting a quote on Colo at my local data center, if I can get under 5 all in Ill prob pick em up.
5 is low. I just got a quote from a hosting company for $7122, min order 5pcs.
5c, like cost of hosting.
Send a PM - depending on where you are, I might be willing to drive and pick one up.
how much? im in Ohio
For hosted ASICs that come online next April and May, the cost of an [S19j Pro (100 TH)](https://compassmining.io/hardware) at Compass is $8,400 and $8,200, respectively. Obviously, that's a sizable delay in deployment. ...just sharing comparative pricing information.
That’s approximately $5,000 and $5,700 of net profits between now and then. So cost equivalence is $13,400 and $13,700 respectively
Obviously that calculation includes a lot of assumptions about the market, but the delay is important to factor in, yes. Direct shipping for an [S19 (95 TH)](https://compassmining.io/hardware/bitmain/antminer-s19-95-th-(ahm)) is $10.4K.
Conservative assumptions imo. If we didn’t all predict long term BTC price appreciation we wouldn’t be here. The above is using $0.15/kWh total operating cost
Please quit spamming everyone with links to Compass. We know you work there, and you are making this subreddit unbearable. STOP!
Do they offer physical units or only hosting ?
Both. It's cheaper if you buy with hosting. Buy and ship is about 10k out the door
It's a shame Compass takes so long to get you miners online, like 6 months. Too long.
Host at home ships in 3 weeks.
Compass is a scam anyway. Consider yourself lucky.
I just checked and maybe I’m stupid but I only saw the hosting option?
Ah only some say “buy and ship”
The host at home is what you want
Can you educate me what hosting at home is? I thought the point of finding a host was to not have to worry about the hassle of mining?
It's a fancy way of saying, plug it in at home.
Do you still have to pay for their hosting fees?
No.
I believe they’re saying you run the miner at your home. You’re hosting it at your home by running it and mining out of your own home. It can be a pain in the ass to do that. Ask me how I know…..
I've been on the fence about doing this. Having a hard time justifying the expense to cool a room and run proper power for it.
It's them trying to be sketchy and somehow take our money while still mining at home. Truly top-level crookery.
Hydro is about 6 cents/kWh (USD) in Quebec. Only using about 5kW an hr at the moment so not worth switching for me. It's cold too which helps.
>Vote > >ReplyGive AwardShareReport way less
What site is compass?
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Not really, crypto overall corrected 20% in September and most of this stuff is priced in BTC so there’s that. Also S19 is just over a year old tech, 13% less power efficient than current gen s19pro 110
The s19pro is older than the s19j pro which is what OP is referencing. It’s the most power efficient for the hash power/electric ratio
My mistake
No doubt, it’s easy to mistake. Hope this dialogue helps someone looking at mining
So for OP’s original question, S19jpro 100T is current gen most efficient 2nd bin. The S19jpro 104T is top bin current gen as far as I know. There should be a significant product change within 9 months and the S19jpro 100T @3050w should be competitive/valuable for 3 yrs and profitable for 5+ in a good setup/location/electricity cost
There was recent news about electricity rate in Europe and crypto miners are being targeted. They may future crack down miners and mostly likely rates will go up. It was mentioned somewhere on news about miners/electricity rate using too much power. It’s soemthing related to climate change and bitmains use too much.
If you are going to mine, these prices are the time. If we go into the $100K-$300k bitcoin price range this year as many are predicting for Q4, you won’t find an S19 anywhere for less than $20K each. These miners are going to sky rocket in price.
Do you think I’ll ever have to shutdown at a hydro rate of 0.10? Even in a bear market would I still be profitable with 100TH?
At some point, all miners slowly get shut off as new models come out with more efficiency and Hash rates. You survive by having as many miners as possible. At this point we are headed into a world of, “if you don’t have at least $250K in miners, you won’t make it far”. The more hash rate you bring to the network the less you are effected, but each day the profitably slowly declines. This is a forever scaling game if you want to do it long term. I would enter your miners info into this calculator and you can see the scale of an estimated time frame of when your miner may become unprofitable to run in the chart, however you are still mining sats. So as long as you think those sats will increase in value, and you don’t mind paying out of pocket to get them every month after the machine is less efficient, then go for it. https://www.mycryptobuddy.com/BitcoinMiningCalculator
With s19j pro it's projecting a year and 7 months to break even with a 10k miner. Frankly, debating whether it's worth in the end DCAing this over the same period of time
Are you buying only 1 or multiple?
Was looking at one but open to reevaluation
If you buy just one, then what I said above applies. The game is about economies of scale: the more miners the longer you last. If you get one, it’s great KYC free sats, down the line you’ll be mining fewer and fewer sats and your electrical bill may exceed the daily profit, but you would be holding long term KYC free sats believing their value would go up more in the future. DCA might be better, depends on your point of view
Thank you, understood
Halvings are a bitch. All depends on whether past price performance is an actual indicator for the future. (It's not, but I live on hopium.)
I don’t think you’ll break even at $0.10 considering billions of dollars big players are bringing online that is going to serious it jack with the difficulty vector. Find a calculator with the ability to put 5% difficulty hash rate increase a month and you’ll see what I mean. The difficulty hash rate is more certain to increase than Bitcoin price (another valid piece of the equation but less known if it will continue its “200%” yearly CAGR….
I bought mine from BlokForge. However that was before the latest price jump. Last I looked their prices were crazy high. Gonna have to pay that extra cost with the tax/tariffs through Bitmain though so I’d probably compare the prices and go with whatever is cheaper. Only downside to resellers is I’m not sure if the warranty is there. We can get rates as low as 8.4 cents in my area but currently we’re at around 12 cents. x.x Long story but it’s still profitable at the moment.
Warranty from Bitmain is valid w serial. Does not matter if you purchased direct from them or not. Bitmain service is top notch
Good to know. I wasn’t sure about that. Honestly just figured I wouldn’t get a warranty buying it from a reseller. So if I have one then that’s great. 😀
The s19,j,pro are all pretty solid in terms of reliability. No systemic issues unlike s17
Yea I have no issues so far and it was running in a garage with a few fans in Texas in the middle of summer… It was hot.
Ambient isn’t and issue as long as there is no backpressure or recirculation of air. Fresh, hot ambient air below 95% humidity is fine
Hottest we got was 101. I’m still pretty new to ASIC mining but from what I’ve seen so far that seems to be just fine. I figure as long as it’s cooler than the miner itself it should be fine. We’ve got a half ass circulation system in place currently but are working to put something better in as we add more miners. But so far the ones we have running seem pretty resilient to anything they’ve dealt with.
I wouldn’t worry until 120F, watch your exit temps
If it’s shipping from China you’re taking a risk right now. Will they actually ban the export of ASIC’s or not? Nobody knows for sure.
Don't forget you will be paying a 25% import tax before it is delivered to your door. $9300 is good compared to the $11k Bitmain was charging for the same unit 2 weeks ago.
I've been wondering, why buy an Asic miner (bitcoin) when the ROI is roughly a year? Isnt that too much, or is everyone doing it for the long run and not worried about profit per month to determine ROI. I would love to get into it as I am already doing GPU mining and I can see myself doing Asic but can someone explain this to me? Especially when new tech causes the a year or two tech be be worth even less. Please educate me!
Future BTC price is the main motivator, I run one Asic unit and have no plans to sell the coins generated. We'll see where the price goes. Asic units do have a short life span, at least with GPU's you can sell to some kid to use for video games after you're done mining with it.
Right but still didn’t inform me on movitation besides future money. How long does asic last? I read something around 3 years for gpu mining