Hello. I have been thinking a lot about buying ASIC miners and start mining.
However, I have some questions for the forum members, that will give me a general picture of the mining process and how to make it efficient.
Furthermore, I think we could gain some insight on what most people do in regards to mining.
My purpose is to observe experienced people and see how they mine, so perhaps I can follow their instructions.
So my questions are:
1. Are you mining? If no, what is the main reason? I reckon financial issues will be the top factor, but let's see.
2. Are you solo mining or mining using a pool? Please elaborate on what kind of devices you use. Also, in case you use a pool, if you feel comfortable, share which ones you use.
3. Are you mining on your premises or are you using hosting facilities? If you mine on premises, how do you deal with the electricity costs and the noise?
4. (Leave every other note you have here - free text)
Have you found out the cost of electricity for you where you are going to mine? If you can't buy cheap electricity for less than 5 cents and new ASIC models will be sold next year. But new ASIC models will be more profitable in terms of energy consumption, and after halving it may not be profitable for you to mine on old ASICs.