New to the community. I’ve been researching for a few years now but so far haven’t had the energy or time to get my mining plans off the ground. At this time I have space to set up a small operation in my home but not sure where to begin. What do you all feel is the most bang for the buck for a beginner. At this point I really only have the standard US 120 outlets in my home. I want to start with something small before I need to hire an electrician to install some 240 outlets. What do you all find is a safe and cost effective rig in April of 2022. Would a mntd/helium set up still be worth while or would you all recommend going right to asic miner? I appreciate all input as I am looking to be grow and stay in the game for the long haul. My plans are to hodl and yeild farm while taking profits to cover cost of equip.
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. I’ve 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.
With mining you will also need to understand and choice a mining pool to use. Then you will need to choose if you want to mine Solo or in a pool. I used https://www.viabtc.com they cover most of the coins out there and pay is fair. Website is easy to use and well presented. you will also need to decide how you’re going to exchange your mined coins for cash. Personally, I use https://ftx.com if you store coins there, they will also pay you interest on them! They have a debit card that’s linked to your account for easy access and the fees aren’t that bad considering how much and how long it normally takes. Mining pool V Solo – when you mine with a pool any coins mined are shared with the pool. But you can get paid daily if needed. Mining Solo mean you would only ever get anything when you mine a coin. Which the difficulty changes all the time and there is no guarantee you would ever get paid anything. Of course, you could be very lucky and mine coins all the time, there is nothing you can do to increase your chance other than increasing mining output.
You will also need to decide where you are going to store your mining income. Be it a software wallet or a hardware wallet. With a hardware wallet I would only recommend buying from the manufacture direct. no middlemen like eBay or amazon. https://trezor.io/ is who I use but again there are others out there. But consider how much money you are going to be storing and what you’re willing to spend to protect it. By far a hardware wallet is the safest! Weakest link is always the operator.
This again is something you will have to make a decision on.
*Each coin has its own pros/cons.
You can find my website 3dps4u.com
Email sales@3dps4u.com
From the sound of it you want to start simple so mining helium is an easy/cheaper starter but your looking at waiting about 6 months to get a miner but by then who knows if it will still be worth it. If you get an asic miner maybe focus on one’s that only need about 1200watts or less to run but these won’t be that profitable short term. Which of course brings another factor into play, are you in this for the long term? There is no real easy answer. You just need to do your own research and figure out the risk your comfortable with taking and jump in.
For the record this is not financial advice
I started in november of 2021 so I can give you some things I’ve learned.
#1: Figure out which coin you want to mine and don’t pick whatever is profitable at the time. If you want to mine BTC, or LTC, or KDA, or whatever one fits you best. That way, if the price of it goes down you won’t be kicking yourself for spending the money on a miner because it still supports a project that you like even if it makes 1/2 of what it did when you bought it.
#2: Find out your electric rate and if it varies based on KW usage. That will have a big factor on what is profitable for you.
#3: I would personally start with an antminer s9 or and antminer l3+. Just so you can learn how to hook everything up, how to connect to a pool, how to run ethernet to it, how to set up wallets, and how to clean / maintain an asic. I would probably get it in my head that I may not make a bunch or really anything off these miners but it’s more of a cheap learning experience.
#4: HNT mining is its own animal. I’ve been doing it just as long and I still don’t really understand it and it frustrates the hell out of me. I have 3 hotspots deployed and none of them perform the way I think they should and there isn’t really any way to trouble shoot them other than changing something and waiting a day or two to see if that fixed the problem.
Thanks @Deastin, this information helps me as I’m just starting and was about to get 3 different type coin miners. I’m now going to start with just one type and grow from there
do you do custom prints?
I need Rak v2 parts
-RAK v2 Wall Mount by RemiZer0 - Thingiverse x5
-RAK / Sparkfun LoRa Antenna Wall / Window Mount by minimoose1441 - Thingiverse x3
-RAK Miner Top for Helium Miner by Undreamt3D - Thingiverse x5
The file you sent for the Heilium top is just a drawing, how thick do you need it?
I apologize I did not know it was just a drawing. is 7.5mm doable? i really am ignorant towards 3d prints
thank you kind sir.
pick a window and dedicate that area to be soundproofed, hire an electrician and put two 220V outlets in, buy some 220 PDU strips and set up your local switch or an additional router/AP on a large wire shelf with wheels in front of the window.
Buy ASICs, go all in, get ready to pay ELECTRICITY BILLS, and become obsessed with soundproofing and ducting. Connect the exhaust of every ASIC to an exhaust duct connected to a window exhaust panel.
Box in the rolling shelf with SoundProof panels, the floor with rugs, the walls with soundproofing, the window and ceiling with soundproofing.
run a node
keep meticulous records and prepare for the IRS reporting…keep all your receipts and deduct everything…EVERY’F’N’Thing.
Ride the mining through the ups and downs and keep on mining.
Goldshell has some good choices
JingleMining has some options worth considering
iBeLink is viable
You will need some large crypto balances to purchase directly, otherwise I used a credit card at BT Miners.