As a first timer who will engage in crypto mining, in my research and knowledge but I'm not sure if this method is effective for a starter like me.
Intend to buy the following,
* Frame - mining rig frame with screwdriver, 6/8 Gpu miner
mining rack rig.
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* Power Supply - EVGA 460w bronze ATX power supply
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What do you think about this I am planning with, is it good or can you suggest me other things?
Intend to buy the following,
* Frame - mining rig frame with screwdriver, 6/8 Gpu miner
mining rack rig.
<...>
* Power Supply - EVGA 460w bronze ATX power supply
<...>
What do you think about this I am planning with, is it good or can you suggest me other things?
You started the thread with a post about your intention to mine bitcoin, but did not announce how much you plan to spend, then you could assess the potential for acquiring Asic, as a result it turns out that you just want to try mining and as can be seen from the components, apparently this is mining on video cards, but then why did you choose such a low-power power supply.
But this is your choice if you decide to go this way, you can use the recommendations from NiceHash https://www.nicehash.com/blog/post/how-to-start-mining-bitcoin-in-2022
I'm sorry that I'm a little late in the responses here because I'm reviewing the plan I'm going to make, I'm a little wrong at this point about what I'm planning to buy. But here at nicehash, It seems to be okay and I got interested in this matter. And I think the NVIDIA Tesla A100 mining hardware is the best based on my review on the website you provided.
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Check electricity price on your area and reserve location (e.g. your basement) to host your mining
I have a small stock room and I will put an aircon before I begin to host mining here.
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Antminer S19 XP. If it's not available for you, you can use https://www.asicminervalue.com/efficiency/sha-256 to find Bitcoin/SHA-256 ASIC with good energy efficiency.
Thanks for this I saw and checked all the specification of which is the best to buy.
I have considered to start mining Bitcoin several times in the past. Last time back in ~2019. I came to a conclusion that it would be more profitable to just invest in Bitcoin. You need to run a really big operation, preferably solar powered to at least break even. Geographical location is also extremely important. Cold climate lets you save on electricity (Iceland, Siberia), electricity prices can also differ by a lot. With every halving you need a bigger farm to survive. The times of a solo miner ir your basement are long over.
