Im looking to start a crypto mining business. I have about 26k in crypto all alt coins. I want to leverage my portfolio or get a small business loan to start my mining business. I have a cabin with 120v outlets, and 220v (for luandry outlet). Does anyone have any advice for me to succeed in my endeavor?
How many amps is your panel? and what’s your electric rate? EVERYTHING is dependant on your electric rate, since mining is almost break-even for most people.
This is my circuit breaker panel in my cabin. Looks like it has plenty of juice. I’ll most likely use the 220v but also could access the 120v three prong outlets if need be.
10,12; on the 30 amp I believe. It was used for the dryer hook up. Plus I have another utility room in my Basement of the main house with 240v dryer hookup also 30 amp. Thinking about putting in the main house and push the miner airfolw through the vents to keep the house warm.
Try going to hashrate.no and going to the asic section, putting in your power, and looking around. Honestly, I would stay away from the kaspa asics, since they are so dang expensive, and it doesn’t seem stable.
A buddy of mine started mining a while back and found that the power setup was key. He had a similar space with 120v and 220v, and using the 220v made a big difference in running more powerful equipment without issues. He also found that managing heat was a bigger challenge than expected, so he ended up using some old fans to keep things cool. If you’re serious about taking this to the next level, you might want to browse around this site for some solid tips on starting up.