I am looking to upgrade to something a little more powerful (not quite ready to dive into a $6,000 miner yet). And found a GekkoScience Compac F that says it mines at 200GH, and an old Antminer S1 that says it can mine at 180GH.
Without a doubt, USB sticks will beat the antminer S1, those are way too large, and consume a lot more power, there are a few light USB sticks options available, check the hardware section of this board.
I am using a mining calculator: cryptocompare.com and it is telling me that these two miners, that have significantly higher hash rate than what CryptoTab offers, will mine only about the same amount, or less. How can that be?
Cryptotab and all the other online mining stuff is just B.S, if you don't a own a mining hardware, you will either waste your time for nothing or very, very little.
I'm not overly concerned about profitability at this point, as I believe any BTC I can mine right now, will be worth significantly more in the future. But, I do want to be able to mine a bit more than 5,000 sats a month...
If are 100% certain BTC will go up in value, then just buy the coin itself, makes more sense no? with that said when making a mining investment, the question you should ask yourself is this
After paying the power bill, and accounting for at least 10% difficulty increase from here on, as well as the lifespan of this gear I want to buy, will I make more [btc] than I could buy for cash right here right now? if the answer is yes, get yourself a miner.
What's your power rate? and how much capacity of power do you have? you might jump straight into the terehash tier, that makes a lot more sats than gigahashes hardware.
I pay about 9 cent KW/hr, not sure about capacity... I have room left in my circuit breaker if thats what you mean. How do I find out about capacity?
I'm not looking for a big miner, as I understand they are usually very loud. My wife, doesn't want to deal with something that sounds like a shop vac constantly going off in the garage, especially as we have an 18 month old that takes naps during the day still.
I have bought some bitcoin already, and plan to buy some more, but the mining thing seems like a fun hobby to play around with a bit. My understanding is the USB miners are quiet but don't produce much sats. Do you have an idea how many I can expect to mine on a monthly basis with one?