I am just getting ready to purchase my first rig. Most of the conversation here revolves around doge, sia, kda, lower visibility coins. What am I missing? Is there an equivalent method of mining the grandaddy?
I don’t know all the answers, but i can tell you the grandaddy BTC difficulty is so high you need really powerful machines like the Antminer S19 pro to be able to make a profit mining BTC. But @ $20,000 im not sure you would get ya ROI.
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its bit of a economy issue , with the slow supply of mining gear from gpu-asic-boxes and you can ask a premium selling them the entry lvl can be expensive , before small asic boxes could be bought easy at not 2-3x prices, now well good luck , there is money to be made on the small boxes but gotta dabble with the coins you have to get a earning % on them so they can grow more ,also never spend what you cant afford to loose , cause nothing is 100% certain with crypto
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Nothing wrong with mining BTC. It is slow and steady. Machines are readily available, and comparatively cheaper. Mining is not entirely for the ROI unless you are seriously farming.
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L7 mines LTC or doge. S19 mines BTC.
Good Bitcoin miners are expensive and not as profitable as other miners. Compare the L7 to 2 110Th S19, 52$ versus 33$ a day for roughly the same price.
Definitely due to difficulty and the fact that each block mined only pays 6.25 BTC.
That’s with BTC on a run and LTC doing barely anything.
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Check out co-hosting companies. I use Mineology a crowd funded company that sells shares of or whole S19j ASICs. They host in their own facility in Kentucky or other locations owned by others. The current machine being funded will be hosted in Texas. Compass only sells whole machines. There are others.
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adding to this - in the bull market we were in the last 2 years, many alts performed better than BTC on a relative basis.
this won’t be the case in a full on bear market
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