Thinking of starting mining again...
- Thread starter jeffro89
- Start date
blacktiger99
Newbie
- Sep 9, 2022
- 7
- 8
I currently mine BTC with 60 x S19J PRO 104T, my average cost on the units are around $5500, the price of them now is approx. $3500-4500 USD. My electricity cost is 0.077 USD/kWh.
At the current price, I believe the S19J PRO 100T & 104T are a fantastic buy and am currently waiting for wholesale pricing on S19 XP HYDRO which is expected to release around January to March 2023, with 255T & a 20.8J/T.
At the current price, I believe the S19J PRO 100T & 104T are a fantastic buy and am currently waiting for wholesale pricing on S19 XP HYDRO which is expected to release around January to March 2023, with 255T & a 20.8J/T.
- Nov 12, 2007
- 259
- 122
if you don't mind, could please tell me where you're minning and getting this great energy price? we're doing minning in Paraguay.
blacktiger99
Newbie
- Sep 9, 2022
- 7
- 8
Very much so, as long as you are able to procure miners and electricity at a reasonable cost
Oklahoma, USA
bgallotte
Junior Member
- Jul 29, 2009
- 101
- 42
Yes. We're mining in Paraguay currently and we have a new facility coming live in Argentina shortly! With the exception of a few specific US sites, South America is currently the place to be, plenty of energy and great prices!
Right now is a great time to buy machines if you believe in BTC... They aren't staying that cheap forever.
Right now is a great time to buy machines if you believe in BTC... They aren't staying that cheap forever.
Siakrem
Registered Member
- Sep 3, 2016
- 56
- 14
which machines do you recommend .
bgallotte
Junior Member
- Jul 29, 2009
- 101
- 42
Right now, best value for money is currently on the Bitman S19J Pro 104T or Whatsminer M30s++ 106T/108T -- anything with a better hashing rate than those is currently too expensive for the gain you get and anything below those are expensive considering their lower hashing ability.
bgallotte
Junior Member
- Jul 29, 2009
- 101
- 42
Depends on what machines you have and what you pay for electricity. Anything above 0.05c/kwh is hard to make profit from... but it is a temporary situation. At a certain point either the difficulty has to drop or the price of BTC has to go up. The alternative would be a total halt of the chain.
bgallotte
Junior Member
- Jul 29, 2009
- 101
- 42
Me and my group have been mining for over 4 years, there haven't been a month where we didn't make money yet. Right now things are very tight but we are still profiting because our energy cost is low. For over 12 months hodlers have been losing money. It is a different business than buy and holding.
Don't get me wrong, buy and holding is amazing, if done at the right time.
Richichi
Elite Member
- Oct 13, 2012
- 1,507
- 1,044
0.05c per kwh is hella cheap, where I'm from it's 0.16c, Ethereum PoS killed mining here
Elvlin
Elite Member
- Nov 4, 2018
- 5,067
- 2,548
if all those money you spend on the same date you buy the machine is used to buy the token, than you will earn more. except you have very very cheap electricity cost. than it will always be profitable no matter when you mine.
i also mine before and my conclusion buying token is less haslle more profitable
ismaildemirkol4600
Regular Member
- Mar 22, 2020
- 270
- 36
I Don't Think Now Is The Right Time 
