Just worked hard on https://www.miningrigrentals.com/ to turn $200 worth of BTC into about $160 worth of ETH… not sure what the point of that was.
Later, spent some hours looking for helium miners… mostly found scams, overpriced Ebay offers or complete fraud on Alibaba. My crypto start is not looking promising.
Any advice? Best place to buy, best starter ASIC etc…
Eat the 20 week wait on a bobcat… sign up for a goldshell account and hope to get lucky with a pre-order of the affordable variety to your budget. An asic is next on my list and ill likely put up an asic on an pre-order and by the time I get all this ill be bored and moved on lol best of luck!
I’m in a similar situation, if I do not keep my newly found momentum going in crypto mining, I will move on and find something better. Just look at the crypto market crash that is happening now…it’s almost like the sellers don’t even consider coins are 40+% down and your return on investment may take twice as long. Look at the Antminer Z15, 2 months ago, it was pulling in $35 per day, now its making $10 per day but the price has gone up??? This does not make sense. The crypto fear index is around 15 which shows that there is rising fear in the crypto market. If this continues, miner sales will drop as well since the return on investment (ROI) calculation will be years instead of months. I was reading that the ROI on a miner should be 8-10, maybe 12 months, if its longer than that it’s not a good investment.
Going back to a new Antminer Z15 at around $17,000, it will take 1700 days (4.6 years) to break even. At $9,500, the breakeven is nearly 1000 days or almost 3 years. The point is, we cannot predict the value of a coin when the entire market is falling and there is no guarantee that we will turn a profit on these very expensive miners.
I think some sellers (not all) are getting really greedy and this in itself, could cause new miner enthusiasts like us to switch over to better alternatives such as staking investments and forget mining altogether.
I just heard of a staking investment earning a fixed 19.49% called Anchor Earn Anchor (anchorprotocol.com). If I take the $17,000 that I would have used to purchase a new Antminer Z15 and instead, staked the crypto in Anchor Earn, my yearly return would be $3, 315 or $276 per month.
I’m with you, the scams and miner gouging are not helping…
Yep, staking is a key, big time. Amazing what the large trading platforms pay you for stability! Crypto.com has several up to 12%, and it pays weekly like you said.
Another example is freaking Helium which I keep hearing so much about. So… you can pay $1K and wait 28 weeks to get a miner? What? Or you can waste weeks on Alibaba trying to not get scammed.
One thing I have learned, and it seem like the US would talk waaaaay more about this…. Our country truly builds NO tech. None. Just 20 years ago or so this was not the case!! We should all be very disturbed that you simply can’t buy any products which do not depend on China.
$17K is one thing, but man I wish I had millions to put up some US focused tech plants.
Another point, just read that over 60% of all BTC is mined in China. Amazing. We should all ask why that is…… what do this mean, is the CCP approving this to control the market share or even crash the market? Who knows.
OK, I’m back to look at $12K helium miners that take 28 weeks to show up and make $4 a day.
Later
Can you make a profit in Goldshell? How. I dont’ get it, why would. Anyone rent me time if they could make money on their own crypto gain??
in the world is that anchor protocol?? Why are they paying so much? That is crazy. Man, get them $100K and relax.
Here is another one for you…… https://www.olympusdao.finance/ 4,335% APY on staking??? What?? I think both of these options are better than wasting a minute trying to mine.
Both require much more investigation, that is for sure!!