Share Your Mining Rig

[Chipicao]

With a electricity price of now nearly 0,40$/kWh, mining was never an option here in Germany...

Have few friends that mine in Germany, they told me the government there pay something around 50% of the price if people invest in solar energy, i mean if you buy 10kw solar panels and that cost 10.000 Eur. government pays half of that. Im not 100% sure how that works but somehow is profitable to run some little mining farm

 

[LgnG]

It's retired. Sold the cards. Electric rates are too high. Could use it as a heater though. It's much cheaper to buy the coins from an exchange.

 

[LgnG]

I am from CHINA.

If take photo go to jail long time

what to do?

crypto mining is illegal in china? most of the mined bitcoin is from china.

 

[aspherixlol]

im just mining on my pc when i dont use it, don't really have mining rig though

 

[Plastic Bowl]

It's retired. Sold the cards. Electric rates are too high. Could use it as a heater though. It's much cheaper to buy the coins from an exchange.

Using my cards as a heater right now sucks in the summer haha.

 

[jizznow]

It heavily depends on the price of the coin, in 2017 it was profitable and I guess during the current bullrun it will again be. However, invest and HODL will most likely still out shine the hassle/risk/reward of mining.

 

[RichKIDLK]

Everything cost something around 180k.

Can you tell me what equipments used for this?

 

[Chipicao]

Can you tell me what equipments used for this?

Innosilicon A10 Pro 5G 500Mhs.

 

[mntnrk]

Mined in 2017 with NiceHash, in total mined like 0.015 BTC. It was with 1060 6gb, so I guess it paid itself off

 

[RichKIDLK]

Innosilicon A10 Pro 5G 500Mhs.

Thank you my friend. Let say I have 20 of this. How many USD I can make per day?

 

[Chipicao]

Thank you my friend. Let say I have 20 of this. How many USD I can make per day?

With today price around 630$, and you need to calculate expenses of 18kwh x 24hours that will be something around 50$ but depends from country.

 

[RichKIDLK]

With today price around 630$, and you need to calculate expenses of 18kwh x 24hours that will be something around 50$ but depends from country.

I see. So for monthly calculation is this correct? (assume 50$ for 18kwh x 24 hours)

Monthly earning = 630 x 30 days - (50*30)
17400 USD as profit. correct?

 

[Chipicao]

I see. So for monthly calculation is this correct? (assume 50$ for 18kwh x 24 hours)
Monthly earning = 630 x 30 days - (50*30)
17400 USD as profit. correct?

Yes that's correct, but tomorrow this price can be x2 or ÷2 no one knows where its going, last 2 months have average price of over 35$ per machine.

 

[RichKIDLK]

Yes that's correct, but tomorrow this price can be x2 or ÷2 no one knows where its going, last 2 months have average price of over 35$ per machine.

Thank you. and I saw from these Innosilicon A10 PRO ETHMaster 500Mh can only mine Ethereum, Ethereum Classic, Ubiq coins. So you are mining ETH right?

 

[Chipicao]

Thank you. and I saw from these Innosilicon A10 PRO ETHMaster 500Mh can only mine Ethereum, Ethereum Classic, Ubiq coins. So you are mining ETH right?

ETC changed algorythm before 2 months because they where under 51% attack from miners and now inno cant mine ETC. There are some coins like Dubai and some others but compared to ETH revenue from them is very low for now, this doesnt mean that they cant grow in next few months or years but its risky to mine them. ETH is chicken with golden egs for now until they start using 2.0 proof of stake algo and that will be the end for miners with asics, until that time comes we can make some good profit.

 

[RichKIDLK]

ETC changed algorythm before 2 months because they where under 51% attack from miners and now inno cant mine ETC. There are some coins like Dubai and some others but compared to ETH revenue from them is very low for now, this doesnt mean that they cant grow in next few months or years but its risky to mine them. ETH is chicken with golden egs for now until they start using 2.0 proof of stake algo and that will be the end for miners with asics, until that time comes we can make some good profit.

I see, I checked these two models also.


Innosilicon T3 50T (Acoin, Bitcoin, BitcoinCash)
Innosilicon T3+ 57T (Bitcoin, BitcoinCash, Crown)

Can you tell me what coins you mining from these rigs? I gonna invest in 20 for these. That's why I'm asking friend. And any other equipment's are you using other than this?

 

[Gogol]

Just kidding, carry on please.

 

[Chipicao]

I see, I checked these two models also.
Innosilicon T3 50T (Acoin, Bitcoin, BitcoinCash)
Innosilicon T3+ 57T (Bitcoin, BitcoinCash, Crown)
Can you tell me what coins you mining from these rigs? I gonna invest in 20 for these. That's why I'm asking friend. And any other equipment's are you using other than this?

Both miners that you look works on SHA-256 algo so you can mine only coins that use SHA-256 nothing else.

I have some GPUS that can be sold pretty well and i think this is the right time to do that.

My plan is to sell my ETH miners and to invest in BTC miners.
BTC miner pros :
1. Next bitcoin halving will be in 2024 so I will have at least 3 years to mine btc on the same level as it's mined today.
2. My prediction is that BTC price will grow much bigger than now, maybe not next year but after that I'm sure will reach new record.
3. People trust BTC, there's no some big algo changes everything will be the same.
4. I have "host" in Ukraine that will run my machines for 80% less cost of electricity. They have methods to cheat the El. meters
BTC Miner cons :
They take much more energy, if ETH miner is 850W then btc miner will need something around 3.5 KW to have the same revenue (talking for today's price), so if you buy a big number of machines you will need industrial power to run them.
Some of these miners have a working temperature of more than 80°C so you need to cool them because chips burn easily.
BTC miners can mine only coins that work on SHA-256 algo so it's impossible to change firmware and mine other coins.

 

[RichKIDLK]

Both miners that you look works on SHA-256 algo so you can mine only coins that use SHA-256 nothing else.

I have some GPUS that can be sold pretty well and i think this is the right time to do that.

My plan is to sell my ETH miners and to invest in BTC miners.
BTC miner pros :
1. Next bitcoin halving will be in 2024 so I will have at least 3 years to mine btc on the same level as it's mined today.
2. My prediction is that BTC price will grow much bigger than now, maybe not next year but after that I'm sure will reach new record.
3. People trust BTC, there's no some big algo changes everything will be the same.
4. I have "host" in Ukraine that will run my machines for 80% less cost of electricity. They have methods to cheat the El. meters
BTC Miner cons :
They take much more energy, if ETH miner is 850W then btc miner will need something around 3.5 KW to have the same revenue (talking for today's price), so if you buy a big number of machines you will need industrial power to run them.
Some of these miners have a working temperature of more than 80°C so you need to cool them because chips burn easily.
BTC miners can mine only coins that work on SHA-256 algo so it's impossible to change firmware and mine other coins.

Absolutely, crypto currency is going to be the one of the biggest industry in global economy in next 10- 20 years. I have my plan to start mini electricity generating zones by using small water falls in my area. So the electricity isn't big issue. And also I have solar powers. From both combination gonna do this nicely in near future. I need pure knowledge about these equipment's and the technology behind these. Where I can get start from? Any resources you suggest?

And I'm hoping to mine BTC or BTC Cash. For that if I use those mentioned Innosilicon T3 50T (Acoin, Bitcoin, BitcoinCash), Innosilicon T3+ 57T (Bitcoin, BitcoinCash, Crown) for this it will generate nice BTC for me. right?

 

[Salamouna]

Both miners that you look works on SHA-256 algo so you can mine only coins that use SHA-256 nothing else.

I have some GPUS that can be sold pretty well and i think this is the right time to do that.

My plan is to sell my ETH miners and to invest in BTC miners.
BTC miner pros :
1. Next bitcoin halving will be in 2024 so I will have at least 3 years to mine btc on the same level as it's mined today.
2. My prediction is that BTC price will grow much bigger than now, maybe not next year but after that I'm sure will reach new record.
3. People trust BTC, there's no some big algo changes everything will be the same.
4. I have "host" in Ukraine that will run my machines for 80% less cost of electricity. They have methods to cheat the El. meters
BTC Miner cons :
They take much more energy, if ETH miner is 850W then btc miner will need something around 3.5 KW to have the same revenue (talking for today's price), so if you buy a big number of machines you will need industrial power to run them.
Some of these miners have a working temperature of more than 80°C so you need to cool them because chips burn easily.
BTC miners can mine only coins that work on SHA-256 algo so it's impossible to change firmware and mine other coins.

No you are wrong
Mining difficulty can increase if they will make better machine than yours and if the completions go high (more people start mining)
So it's not just about halving