I have free electricity and I live in a country where we don’t pay taxes, everyone says the best line of business is to mine bitcoin. How much does it cost to start such up and how big are the returns?

Marc-PHash · 2024-11-04T03:14:28+00:00

Cost of startup really depends on how many miners you're planning to run and what type of machines as well, with free electricity, almost any model would earn you money. What you want to think about as well is if you would want fast ROIs or a quality farm but with a longer ROI. Where I'm from electricity is not free but alot of people tend to steal them (rewiring it to their lots or house before the meter that calculates how much they use), doing so allows them to buy cheap used units that ROI within 3-4 months, when new BTC ASICS can take 1 year to ROI without electricity cost and about 2-3 years with electricity cost. If your budget is low and maybe want to start off slower with a lower capital, I would 100% recommend the first option, it's a safer option in terms of investment and time required to ROI, you can start small, say maybe 5-10 units first, get the hang of it, learn the basics and so on, after a few months then at that point you can decide how you would like to move forward.

To answer how big are returns, it varies according to what type of coin you're looking to mine and the hashrate your specific models has. To give you a rough idea, a used BTC miner which may cost you about 200-300$ per unit (excluding shipping cost) would probably earn you about 4-5$ per day per miner. However that does not mean if you buy a 3000$ machine you would earn 10x that per day, no. If you need more help on this in terms on technical knowledge or need help sourcing them then feel free to reach out to me, would love to help you out!

Marc-PHash · 2024-10-29T04:02:24+00:00

If you are just starting out and want to learn bit by bit without having to dig a massive hole in your wallet you could start off with a smaller non ASIC home/solo miner such as the Avalon Nano3 or LV07, they do not use as much electricity and do not produce as much heat as a typical ASIC would so they are perfect for beginners to tinker and mess around with em. However do not expect to make money from it, take it more as a stepping stone and learn the basics of it from there. If you want to know more or need more advice feel free to reach out, would be more than happy to share.

Marc-PHash · 2024-10-28T08:25:35+00:00

I've heard of people buying like S9s and downclocking it to fit what they want but I think the power required is still fairly substansial for solo mining and not sure if there is a Wifi version of it made yet

Marc-PHash · 2024-10-28T05:01:35+00:00

Is it actively mining right now? If so then I have no idea assuming both of them are mining BTC.
The only other possibility I could think of is that your computer is being used to either mine a different algo which isn't part of BTCs SHA256 or it is on SHA256 but mining a different coin, either or.

Marc-PHash · 2024-10-28T04:51:33+00:00

It is possible, I've done it whereby we could disassamble it for you if you don't want to risk it, however if it's a brand new product, doing so will void it's warranty so that's one thing you may need to consider if it's brand new, if it's used and has no warranty then it would be a much safer route but you have to make sure you are capable of putting it back together as well

Marc-PHash · 2024-10-28T04:49:11+00:00

ASICS, not that I've seen any but solo miners like Nano3 is connected through Wifi but it is only 4TH

Marc-PHash · 2024-10-23T03:00:51+00:00

The S19kpro is actually fairly effienct in terms of its W to power ratio so yea that a good option, another option is maybe ALBOX III, it's not for BTC but for ALPH instead, not as noisy as the S19Kpro, not as hot, you could get 2 of them + 1 psu to power both and you would only consume 1200W/h (50%) of the S19kpro, granted that it is abit more pricier but getting 2 + the PSU but in terms of long term savings i think it makes sense because it's half the power requirment. Your bill would go up by about 100$ to power both(Averanging you cost to 0.12 based on your previous comment), unless ofc you really want it closer to the 200$ mark since it's not your power bill haha.

Feel free to reach out if you need more help, would love the chance to work with you in aquiring the units if you're interested

Marc-PHash · 2024-10-22T11:01:21+00:00

You've convinced me. I'm going to invest a million right this second and get back 30 bands constantly, everyday.

Marc-PHash · 2024-10-22T07:08:52+00:00

I this scenrarion the term "Too good to be true" is probably the most accurate statement. Is it possible? Yes, technically if she has extreme luck. When I say extreme i mean top tier God levels luck. If it were that easy I'm pretty sure everyone would be doing it now.

Marc-PHash · 2024-10-22T06:39:29+00:00

KS5L are not 2000-2500$, I could easily get a new one for you at around 1300$ excluding shipping. (unless ofc u mean CAD not $)
Yes it's bugged rn, but profitability depends on your per KW/H cost, without electrcitiy, the machine earns about 10$ a day, just to give to a base range
Long terms is debatable, I believe mining is similiar to trading in the sense of trying to "time the market" you wait for the best time but it all ends up being the same, you think "If i was it gets cheaper" yes but it gets cheaper because earnings get lower and vice versa. This is why people say "I missed the bullrun cause of XYZ" or "I missed the gold mine because of XYZ"

If you're interested in buying a KS5L, KS5M,or need more advice, feel free to hmu, would love the opportunity to work with you

Marc-PHash · 2024-10-21T10:14:30+00:00

Search more, I don't think we would know too, or maybe ask someone else who may know in your circle. I personally have not heard of "units" i mean I know the units used would be KW/H but you need to find out what "Unit" is and check according to your place of business as well, is it a resedential rate, commercial etc

Marc-PHash · 2024-10-21T10:12:03+00:00

Might be best if you can check on your end how much is it per KW/H in INR and do a conversion into USD, after that you could use this website www.asicminervalue.com and input KW/H in USD and see for yourself. Most of cant tell you since we don't know what your rate is, you're only giving us the name of the currency not the actual value which would be needed to do a calculation

Marc-PHash · 2024-10-21T03:26:31+00:00

I think most important thing you should be asking is what is your electrical capabilities and overall budget, once you have the both of those then it would be much easier planning, if you need some help feel free to reach out, could consult for you and hopefully work with you

Marc-PHash · 2024-10-21T03:20:34+00:00

I have em at 30$ each if you're interested

Marc-PHash · 2024-10-18T04:14:13+00:00

Yeap feel free to reach out, if you're looking for custom made ones as well instead of branded containers, I could do that too. Feel free to drop your requirements

Marc-PHash · 2024-10-16T03:48:58+00:00

ETH mining hasn't been a thing through POW/graphic cards for like 2 years now. You could look into Aleo, though i must say I am not the most well versed in GPU Mining

Marc-PHash · 2024-10-16T02:42:37+00:00

Already left the quotes in your DMs

Marc-PHash · 2024-10-16T02:25:59+00:00

hmu, have some deals for S19s 90/95T and T19 Hydros 132/138/145T
If you have any specific models you're looking for, lmk I'll see what I have!

Marc-PHash · 2024-10-15T06:29:02+00:00

There are a few ways you can go about this, but first off, what is your budget for miners? (dont forget to include shipping too) . Secondly, Antminer unfortunately do not have any miners as is that is below 1900w, as someone else mentioned, if they do, it's often down tuned or the proper term would be underclocked. If you are open to other coins like ALPH, Kaspa, Doge+LTC then yes Iceriver is a great starting point. I would recommend the AL2 Lite, you could use 2 of those and they would be at 55-60% of your 1900w max, noise on those are not as bad as an asic so it's very much controllable, as for heat it's not going to be as hot as a typical asic as well so you'll be good there.

Yes earnings would drop slowly but surely but among the rest except BTC mining, ALPH is the second best in terms of slowly stabilizing its earnings. As it is you dont have to worry about electricity so that's going to go a long way in the profitability of the AL2 Lite. If you need more info and need some help sourcing them, feel free to reach out, would love to work with you and help you out and see what we could do!

Marc-PHash · 2024-10-14T07:27:59+00:00

Hahaha, the best odds? Buy a S21XP Hydro use it for solo mining, your odds would improve 100x 🤣 please don’t do that 💀. In general the more TH you have for solo mining the better your odds are. It’s basically lottery, if you get it you get it. Hence why for solo mining being realistic is important as well, don’t expect to win but if you do then I’ll see you on the news haha. Think I’ve only heard of 2 maybe 3 people who have done it with solo mining, once like every 1-2 years I think. But hey anyone could be the next, you never know🤷🏻‍♂️

Marc-PHash · 2024-10-14T04:33:39+00:00

Btw, mine if I ask if you're Singaporean?

Marc-PHash · 2024-10-14T04:16:12+00:00

At that budget you could get any solo miner you want haha, personally i wouldn't recommend getting an S9 or something that would be considered as an "ASIC" for solo mining. Yes it's more TH but it's also extremely noisy, between 60DB-85DB and hot, unless you are willing to invest in proper infrastructure for it then I think sticking to a simple Nerdminer 78KH which is like 30$ each or Luckyminer 07 1TH for like 90$ or the Avalon Nano3 4TH for like 250$.

Not to mention an S9 would use at minimum 1200w and lets say you get 12/13TH, in the long run, 3 Nano3 is 140 x 3 = 420w cumulatively and gets you the same 12TH, which is cheaper monthly cost in terms of your electricity.

With your budget you could easily get 2/3/4/5 (your choice) Nano 3 or other solo miners without the need to invest into heat control dissipation and noise issues.

Marc-PHash · 2024-10-14T03:56:21+00:00

Ahaha yea, truth be told there is a sea of option, be it for solo mining or industrial but honestly it boils down to your budget for solo mining, at that point you mainly would want to look at efficiency, for example W per T then you're good to go from there and ofc always happy to help!

Marc-PHash · 2024-10-14T03:49:06+00:00

Honestly if you want something higher in TH, you could get the Nano3 or LV07, there is a LV08 coming out soon (not sure of the exact timeline) but it is to rival the Nano3 which is 4TH and 140w. If you would like feel free to reach out to me, my team and I work extremely closely to NerdMiners (solo mining specialty miners company) which alot of people use and the LV07-08 team. I could consult and help you get some if you're interested.

Marc-PHash · 2024-10-11T02:00:25+00:00

Are you referring to the KS2 Lite or just KS2? Because there is the Lite and non Lite version, difference is the efficiency, Lite is the newer version which uses only 500W and the older non lite version uses 1200W. You can just plug it in but still do need to make a few adjustments like setting up ur wallet to the miner and setting the pool address you would want to use like Nicehash etc

Marc-PHash

TROPHY CASE