I’ve got $120k(usd) available for new mining operations…
It may be crazy or stupid but that’s the plan.
No buying coin & HODL, no defi, absolutely no NFTs. Not afraid of ETH ASICs, even though the end is coming soon or not…
The question is, where would you spend $120k?
Sent you are message.
Will the $120k be just for miners, or will some of it be needed for infrastructure upgrades?
What’s your electric rate?
Do you want to mine “riskier” coins or stick with BTC?
Will you have the power to support that many big asic’s or do they need to be less power hungry miners?
honestly with how it seems right now, just contact compass mining, use one of vosks links. and message them and work out a deal. im sure once you dangle 120k cash they will work something out nicely.
1 kd6 or kd5
1 l7
7 antminer S19 Pro (whatever you can afford)
Personally, I had 9 S9’s running out of my apartment, ran from both Dryer and Stove 220V. Not recommended!
This is just my personal view of running miners out of a Home, apartment, garage, or business. I would recommend doing your own research and seek professional help regarding the power supply.
First you really need to pick what algorithm you want to mine with a ASIC.
If you go small miners you could purchase a PDU (Power Distribution Unit) the linked is just for example. You might be able to run something safely!
If you go one or two big ones, you will need to find a way to run them safety on 220V!. Most of the larger miners will ONLY run on 220V.
If you can run off 220V not 120V, you can reduce the Amp and Watt usage (which also reduces the load on the cheap wiring inside some of these walls these days).
To run any kind of ASIC miner, you will need to think about how you are going to get that heat out of the room/garage you are using the miner in.
Personally I designed and printed 3D Printed ducting that attaches to the miner fans and enables you to connect a 5/6/7/8" ducting to the miner, Then you have a vent in your window. This way the heat is blown out the window away from your miner. The cooler you can keep the room the Safer it is, but it’s also beneficial to the equipment as well.
Now if you attach the Flexible ducting you can find at Home Depot or Lowes. The kind that has the insulation around it. you use this to connect to the miner and the window. The higher the R rating on the ducting the higher reduction you will also see in sound proofing. Ive seen miners <80 decibel.
You would be wise to keep the miner on something that’s static resistant. Not Carpet!
This is just my opinion, if possible, try to run everything networked by wire, there is always a small lag when it comes to Wi-Fi. Wi-Fi networks came be affected by so many things these days, The fans on the miners can interfere with the signals.
As for what miner. That is something that you must research! different miners can mine different algorithm - coins.
*Each coin has its own pros/cons.
You can find my website 3dps4u.com
Email sales@3dps4u.com
Numbers look good on whattomine aside from that haven’t done any research on the project.
Maybe 5 l7
Power isn’t an issue, that’s what electricians are for. Second service with separate meter already in the plans. Everything will be connected with Cat6, no wifi.
Sounds like you have a good idea as to what to do. I just wanted to make sure you knew. not everyone knows 220V is better.
Noise and heat are also issues.
Good on cat 6, Wifi is good if thats all ya got , but Hardwired is always better.
Something I’m finding out is that you have to spend money to keep these miners cool. There is a blockworks bitcoin mine up the road from my house(thankfully not too close) and they are using shipping containers full of a/c units to cool the shipping containers full of miners. Hit me up if you want pictures.
If one was investing in bitcoin asic machine, should they be worried about mining difficult and what’s the appropriate % increase per year ? 100% then is it a good investment ?
If you can get enough power, i’d say get a bunch of those S19 XP Hydros when they’ll come available. It’s the safest option, Bitcoin is here to stay. Meanwhile the future of Ethash mining is a bit vague. Otherwise get 3 Goldshell KD6 rigs, if you’re into a bit more risk. Should be possible for $120k if you search in the right places. If it was my money, i’d just get more SHA-256 rigs. One thing i’ve learned in the past 7 years, is that it’s the safest bet.
I hope to have this problem mid summer, 125k and a choice…
I’m gonna be running 75 amps soon, so infrastructure is an issue. Thinking about mining ETC on Jasminers. Low wattage, high profit.
@LuckyGunner91 Are you not concerned that when ETH is not a possibility anymore, all that mining power will flood ETC and your profitability will plummet?
Going with ETH miner is really not recommended. I’d say go with BTC miners. Bitcoin really the best coin out there.
That is definitely a concern, I am doing my research