Post
Topic
Board Mining (Altcoins)
Re: My theory about business on ASICs for shitcoins
by
FP91G
on 13/10/2024, 16:34:58 UTC
The only ASIC I would mess with are those affordable 100 watt max power consumption and that offer a relatively good hash rate although we know now to be in a very hard time for all miners. Now coin is profitable and the so called new all time high has not appeared, not that I was expecting it, I expect it on last quarter of 2025 based on history so maybe a good choice buying a few of these home ASICS as I call them and mine some well known coins with them, if Q4 of 2025 is what history suggests will happen most people would be happy.

However investing in these huge value ASICS is f*cking yourself over again and again and expecting different results.
If you are talking about ASICs for shitcoins, then such ASICs exist, but the payback is very bad there. For example, you can buy an ASIC for 300-600 dollars and then get your money back in 2 years, but most likely the ASIC will become useless much earlier.
And if this is lottery mining of bitcoin, then luck is very rare there