Hey guys! I'm a newbie considering starting my crypto mining operation. I don't feel like chasing the maximum short term profits by mining shitcoins with GPUs, I just want a stable long term operation so I think the best is to stick with BTC.
My budget is 60k$. Im comparing some SHA-256 devices (10x Antminer S19 Pro seems like a good fit at the moment) and by my very rough estimates, based on current prices, I should be breaking even within 18 - 24 months. Electricity cost from where I'm based is around 0.03$ - 0.06$ kWh.
So now we get to the question. I haven't followed mining profitability over time, so I'm curious how much does the profitability change over time? And how long until miners such as the S19 Pro become obsolete?
If you don't mind, please tell me how you would set up mining operation with 60k$ budget and 0.03-0.06$ kWh costs.
Thank you!
I too have the same question. I am taking my budget and fanning out a bit more and doing multiple algorithms. Most of which are SHA-256 but am adding a few Scrypt miners and others. I would be curious where you get .03 electricity from (what part of the world are you in?).
I chose the S19J 100T to make electricity more energy efficient although its less profitable per day.
We can keep comparing notes, but also curious what mining farm software you learning toward?