Hello, I have got around 10k to invest to start mining what do u think is best to start mining and what miners to buy? thank u
Helium miners are cheap on eBay right now and they’re my most profitable miners. I am just getting into ASIC but I have ~6k invested into asic and still my helium miners are doing better. Hope this helps!
1 Like
I am from Czech republic and here is not many helium miners.
1 Like
Don’t listen to anyone shilling Helium anymore, the ROI on any miner even with other worldly setup’s is 100 years currently. 1064 month’s at a 500 dollar purchase point is a typical ROI right now with Helium, STAY AWAY.
With that kind of money, I’d only buy small box miners or a couple mid range BTC miners.
But honestly, this is the worst time in crypto history to try and get into mining.
3 Likes
I mean mine each made about $.55 (~.05HNT) yesterday and that’s kinda a low day… what are your numbers lookin like?
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. I’ve 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 Wi-Fi. Wi-Fi 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.
With mining you will also need to understand and choice a mining pool to use. Then you will need to choose if you want to mine Solo or in a pool. I used https://www.viabtc.com they cover most of the coins out there and pay is fair. Website is easy to use and well presented. you will also need to decide how you’re going to exchange your mined coins for cash. Personally, I use https://ftx.com if you store coins there, they will also pay you interest on them! They have a debit card that’s linked to your account for easy access and the fees aren’t that bad considering how much and how long it normally takes. Mining pool V Solo – when you mine with a pool any coins mined are shared with the pool. But you can get paid daily if needed. Mining Solo mean you would only ever get anything when you mine a coin. Which the difficulty changes all the time and there is no guarantee you would ever get paid anything. Of course, you could be very lucky and mine coins all the time, there is nothing you can do to increase your chance other than increasing mining output.
You will also need to decide where you are going to store your mining income. Be it a software wallet or a hardware wallet. With a hardware wallet I would only recommend buying from the manufacture direct. no middlemen like eBay or amazon. https://trezor.io/ is who I use but again there are others out there. But consider how much money you are going to be storing and what you’re willing to spend to protect it. By far a hardware wallet is the safest! Weakest link is always the operator.
This again is something you will have to make a decision on.
*Each coin has its own pros/cons.
You can find my website 3dps4u.com
Email sales@3dps4u.com
Why do u think it is the worst time please?
1 Like
Hello, I will run it by solar panels
1 Like