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?
s19
s17
s15 are effectively obsolete right now as no replacement power supplies are available.
same is true for
cannan
1046
1146
1246
or microbt gear
m10
m20
m30
or innosilicon
newer than the t1.
amazingly
bitmain
s9
cannan
a921
innosilicon
t1
all not efficient but can use any psu.
So buying s19s without spare part is buying unrepairable gear or obsolete.
basically buy s9 gear if you have 3 cent power.
13th x .26 is 3.32 a day
burns 30 kwatts or 90 cents
3.32-.90= 2.42 daily profit about 200 days to pay off a 480usd s9
i am thinking we have a massive power supply issue.
try to source
newer psus for
antminer
cannan
microbt
innosilicon
very very very hard to find them.
why?
Probably its not very profitable to make old gear given the influx of new rig models and the demand to make power supplies for those. Given that alot of pre-order batches are already committed to sellers, unless the power supply guys ramp up more, they could be fat and happy just making for new rig models.
I ran into a seller who had a ton of old miners (2-3 years) that were still running in a farm, but they were concerned about how fragile they were and the probability of them breaking during shipment. They were totally willing to sell the gear, but I thought about it and went a different direction.
I did see Innosilicon do a short run on T2T 26Th which is a potential for some entry level miners at @1,000USD but I think those are already sold out (I picked up 7 of them).
So for $60k, pick what you really want to mine (one or different coins) and grab the more energy efficient models that fit that desire. I am taking the different coin path and picking up primarily new rigs (have 1 used coming in, but it is an experiment). And then find cheap power (that hopefully is partially or fully renewable)!.
T