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Hello,

I want to start a bigger mining farm exploiting my cheap access to electricity. Which miner is most profitable at 0.01 usd/kwh? I mean, where you get most bang for the buck.

I have been looking at buying 100-200 L3+ miners, as i found them to be more profitable than the newer s19 machines for example for the same amount of money.

For 100 L3+ miners, my costs would be 0.01 usd/kwh + 300 usd/month (Cost of housing them) + 700 usd/month (Electric) all amounts are approximate.

I estabished contacts with a big reputable Chinese seller and after a lot of discussion back and forth, we agreed on 6000 usd for 100 L3+ miners. Every machine will be tested before sending it, shipping costs will be about 800-1200 usd, cheapest and slowest option. Is this a good deal? Or would you guys propose another miner?

Something that worries me a little bit is how the profits will look like after LTC will be halved, that is going to happen soon. And Im worried if this will make my setup unprofitable?

Maybe there is another miner out there, that is quite cheap right now to buy due to high watt usage, but which can be profitable at low electric costs?

Best regards all, will be happy to receive any advice.

there is no legal 0.01$ electric price in the world, if exist there is only quota based on. even you make your own electric, 0.01 is hardly to achieve, solar only produce 0.03 in terms cost of facility/25 years maintenance. hydro can achieve 0.01. but to be honest, 0.01 is just like free electric, you can throw anything without any loss even a decade old hardware Grin

I agree with you that there are no such cheap prices for mining companies, but nuclear power can give 2 cents when building a modern power plant. Although in Russia, in places where there is hydropower, there is also a tariff of 2 cents for the population, but consumption is limited there.

There is no possibility for such electricity price as you say but let's say the OP has it.The best bang would surely be L7 Antminer at 9500 Mhsh for Litecoin plus Doge mining.I think it is better to have this rather than other devices and have fewer of them,as 1 of them equals to 11-12 L3+ or even more than them,so rather than going with 100 such L3 Antminers it would be great to go with 8-9 L7 Antminers which are managed in a much easier way rather than to manage 100 devices.

At this price of electricity, any ASIC will be profitable after the halving of Litecoin and Bitcoin. It is not necessary to buy asics for one algorithm, you can buy asics for both bitcoin and litecoin to reduce risks if the price of one of the coins rises more.

In this case we both know that the one price which will skyrocket more is absolutely Bitcoin compared to Litecoin and in such context it would be great for the OP to buy any Bitcoin miner as overall this will bring him much more profit than a Litecoin miner.However this depends on the dollar amount that each miner does,if the Litecoin L7 produces more dollars then it still is a good option as the Litecoin or Dogecoin that this miners mine can be converted to Bitcoin and be in bigger profit.In either case the OP does not lose anything as that 0.01 electricity price is unbeatable.

Litecoin halving will be earlier, so when choosing an ASIC, you need to take into account the profit after halving, which will be in about 10 days. But with any option, you can even buy old asics for bitcoin with a hashrate of 40-60 terahash with discounts if you need to use the entire power limit.