I'm too late? Isn't coin mining something that is actively going on as a hobby and industry? From what I have read, it only costs a few grand to get into this and there seem to be LOTS of small players in this so am not sure why someone would be too late.
I can throw 5KW (and more) 24/7 into this if there is a value in it. I am generating my own power with a 10KW solar install that was being used to offset the cost of running the server room. That is why I have power to throw into something interesting.
What I am wanting to learn from this post is which type of mining is still worth doing, how can I start on a small scale, so I can learn more about it, adding resources as it makes sense. I have the power right now, I have a large amount of hardware left over from another venture but it seems CPUs aren't worth much so am looking for input on what might be worth trying/doing.
Thanks.
PS: This is an interesting article.
http://coinbrief.net/bitcoin-mining-worth-it/
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do you want some gear? are you usa based I am in New Jersey.
I have 4 spondollies sp20's and 1 ant miner s-5 plus I have psu's.
send me a pm and I can talk about a setup for you.
Basically you should start with 2 sp20's and 2 evga 1300 g2 psu's.
that is about 1 thousand dollars. It allows for more machines as you can run 3 to 4 units on a pair of evga 1300 g2's depends on your speeds.
if you clock the 2 units to 1450 gh each you will earn . your money back by august 31st
so every one that says do not do this is wrong.
you should mine you have free power. what you should not do is buy a ton of gear.
2 units of sp20 running at 2900 total will use about 1900 maybe 2000 watts.
your worst case is btc tanks it all dies off and you have 2 evga 1300 g2 psu's worth over 120 usd each. so your downside is spend 1000 usd and end up with 240 worth of psu's
here is the calculator
I can throw 5KW (and more) 24/7 into this if there is a value in it. I am generating my own power with a 10KW solar install that was being used to offset the cost of running the server room. That is why I have power to throw into something interesting.
What I am wanting to learn from this post is which type of mining is still worth doing, how can I start on a small scale, so I can learn more about it, adding resources as it makes sense. I have the power right now, I have a large amount of hardware left over from another venture but it seems CPUs aren't worth much so am looking for input on what might be worth trying/doing.
Thanks.
PS: This is an interesting article.
http://coinbrief.net/bitcoin-mining-worth-it/
[/quote
do you want some gear? are you usa based I am in New Jersey.
I have 4 spondollies sp20's and 1 ant miner s-5 plus I have psu's.
send me a pm and I can talk about a setup for you.
Basically you should start with 2 sp20's and 2 evga 1300 g2 psu's.
that is about 1 thousand dollars. It allows for more machines as you can run 3 to 4 units on a pair of evga 1300 g2's depends on your speeds.
if you clock the 2 units to 1450 gh each you will earn . your money back by august 31st
so every one that says do not do this is wrong.
you should mine you have free power. what you should not do is buy a ton of gear.
2 units of sp20 running at 2900 total will use about 1900 maybe 2000 watts.
your worst case is btc tanks it all dies off and you have 2 evga 1300 g2 psu's worth over 120 usd each. so your downside is spend 1000 usd and end up with 240 worth of psu's
here is the calculator