I’ve been doing some reading, watching videos and kinda confused on where to start. Should I buy a bunch if small miners, or go for a big one?
I’m not looking to cash out right away, will hold till I achieve ROI and then sell to expand.
Currently small time with RAK V2, Coin App & PI Network.
Always love feedback from others and I’m sure theirs NOOB Lurkers that are also wondering!
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 WiFi. WiFi 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
Already planning on running a 220 to front room and a duct directly from vent for cool air. The unit will also be under a window to remove the heat. Rarely have heat on here.
Would prefer to go ASIC and not a RIG. Want to focus on BTC with the availability to mine other coins.
An ASIC Miner is designed to run just one kind of algorithm. So to mine other coins its highly recommended you buy a different miner.
ASIC’s run at max capacity to perform at their best to be able to mine cryptocurrencies. So they will producer heat and noise.
For BTC you would be advised to deal direct with Bitmain.
they do offer other algorithm ASIC’s fyi.
You are dealing with a company in china, so you will have to pay uncle SAM when they come into the country. There are reputable company’s in the USA but there are also a lot of scammers out there.
$10k Investment for a $100 / day return ???
First, turn on your brain ! $100 would be 1% of your investment, and you want that per day ?
That’s the problem with people, they have completely unrealistic expectations and they will fall for any scam that comes along.
$10k will maybe bring you $20 / day in return. If you save this for a year you’ll have another $7k for a second ASIC.which would get you to $40 / day. Price and difficulty change not calculated. The more stupid people want to get rich quick, the less you’ll get.
Bitcoin and others are not to get rich !!! They are here, so you don’t get completely wrecked !!!
To @SpindlerJ 's point, there is no ASIC or group of ASICs that you can buy for $10k that will produce $100 day.
Assuming you could make this happen, you could buy ~25 MNTD Helium hotspots and if you had 25 great locations to place them and could earn $4/day per hotspot, then I guess it’d theoretically be possible. Theoretically.
You also could try one of the many “node” plays out there. Most promise ungodly returns per day - if you get in very early. But most also have ponzi-nomics and/or are rug pulls waiting to happen.
As SpindlerJ noted, you’d be looking for 1%/day or 365% annual return. It’s just not going to happen, at least not over the longer term and without bearing a metric sh*t ton of risk.
This setup makes 85 a day, but that’s… [at current coin prices]
1246 83 th Avalon [BT Miners]
KOI 98 th [BT Miners]
L7 1150 [Big Sky Asics]
KD Box (1) [Flea Bay]
HS Box (2~don’t ask…) [Goldshell]
Rig- 4-3060, 1 3070 [Mostly Stock X]
I should get a 92 TH KOI in a couple weeks and that should get me to $100 a day.
I sure wish the coin prices were what they were in Nov of 21… this setup would make $250 a day lol…
So what u have about 50k in so far
52k, not pleased with it but I’m thinking I’ll get it back. Been mining since Oct 21, not long at all.
