OK as a new person, I look at the most $$ I can make for the less $$ to buy, SO i’ve chosen the ICERIVER KS7, under $5K and makes average $25-$50+ daily for the four coins it mines, I can buy 2 right off the bat, make $3000 ± a month and in two months buy another, then reinvest in 4 months, another now I have 4 miners making $200 a day $6000 a month and buy i another till my monthly is enough to buy 2 more so and so on,what has kept me from starting is ( is not knowing if the Daily amount for that miner is REAl TRUE is actually $$$ or bit coin I need to convert, if so who what where and how to do that, and the same for setting up my wallet and what software to oversee everything, so what ever help I can get…
One way would be to use powerpool and set the what ever % of your profits to be in X coin. For example 70% btc and 30% usdc and use the usdc for more miners or paying bills, do it how ever you like. Keep in mind that kaspa mining has an extremely aggressive reward reduction, and by the time you save enough $ to buy another one, the value of the miner would have dropped significantly unless the coin(s) have pumped, along with added network difficulty. Really if you have zero power costs I would imagine that the miner would be worth at least 10-20% less so you’d be able to buy it quicker possibly but at the same time it will be earning less daily. I haven’t mined kaspa but myself and many others entering the mining game naively thought that if I make $20 a day that I would still be making $20 a day in 6 months time which isn’t the case, especially with kaspa mining. Take the time to read the forum from older posts of people who started mining Kaspa when the first ASICS came out and hopefully that will give you a good idea of what kind of game it is. Also not sure if I read it wrong but I think if you had 2 miners you’d make about $30 a day before power bills, not $25-30 per miner if you mean the 30T model. Cheers and good luck
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Thanks for the reply, basically am trying to buy 3 IceRiver AE2 miners, which is the second highest daily producer as I look at MINING NOW and priced under $5000, which is my upper $$ spending limit, ( the most $$ made for the less $$ spent) was ready to bank transfer the amount, then was told by email (THEY DONT ACCEPT BANK TRANSFERs FOR THIS MODEL ONLY BITCOIN) so now am stuck trying to find out how to do that, so far still searching YouTube videos for that and not getting anyway but further behind…I dont want to make mistakes so looking for help from those that are already past that point…(HINT HINT DREW), cant wait to get started but seems like its 1 step forward and 3 steps back.!!!
I’ve been hearing that aleo is going away from proof of work and going to proof of work + proof of stake, I’m reading and it says you’d need 100,000 coins for proof of stake then your miner to work, as of august 1st. I’m not sure how it will work with pool mining though, I’m assuming the pool will have their funds set and just let you mine. Just keep in mind there’s a reason why miners are cheap for higher $ daily rewards, they always carry the most risk. It’s why you’ll pay $3k for a Bitcoin miner that makes $12 a day before power, because it’s the more secure bet
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