So I can now get my electricity for $0.05 per KWh. This is a new opportunity that has landed in front of me and I have the capital to invest a decent chunk into this. I was wondering if it is currently profitable to be doing it from scratch whilst paying the price listed above.
I've done a lot of research throughout reddit and toyed with some of the calculators but thought I'd post with my actual situation to see what other people thought.
Thanks for the time and hopefully I haven't broken any rules posting this!
This is a good electricity price for ASIC mining. I don't know if you have premises to install asics and what expenses you will need to start. I would immediately buy a container for asics, because this will allow you to quickly start mining and the container can always be transported to another place. Otherwise, you will have to spend a lot of money on repairs elsewhere.
In the USA there are some nice containers for 20k they can do 150 s19s
But they need a lot of kwatts to do that. around 500kwatts of power.
While the op mentions 5 cent power he did not say if he has
10kwatts an hour
100kwatts an hour
1000kwatts an hour.
It will help to know what he has available to him.
I also saw small containers for 100 ASICs on sale. If he has 300-500 kwatts an hour, then he can quickly start a business. And the remaining places can be rented out to close friends, because the investment will pay off in less than a year. If there are 20 kwatts an hour, then this is not enough for ASICs, and for video cards, the payback period is 3-4 times higher.