* I suspect this user use chatbot/AI.
* This is his first post after 15 years.
hello i was looking arround for a btc miner to make profit but i couldnt find any that make nice profit my budget is €500 does anyone have any tips or advices i can use? Or any specific models?
Here's a well-structured response you can post on Bitcointalk:
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Mining Bitcoin with a budget of €500 is quite challenging because most profitable ASIC miners are significantly more expensive, and electricity costs heavily impact profitability. However, here are a few options and suggestions for you:
### **1. Consider Altcoin Mining**
Since Bitcoin mining requires high-end ASICs like the Antminer S19 series (which are well above your budget), you might want to mine altcoins like Kaspa (KAS), Litecoin (LTC), or Dogecoin (DOGE) using lower-cost miners such as:
- **Goldshell Mini-Doge** (for DOGE/LTC)
- **iPollo V1 Mini** (for Kaspa)
These miners have lower power consumption and might be more suitable for small budgets.
### **2. Buy a Used Miner**
If you’re set on Bitcoin mining, you can check for second-hand ASIC miners like:
- **Antminer S9** (Older but very cheap; barely profitable unless electricity is extremely cheap)
- **Whatsminer M20S** (May be found used, but check power costs)
Websites like eBay, AliExpress, and crypto forums often have listings, but be cautious of scams.
### **3. Cloud Mining / Mining Pools**
With a small budget, cloud mining could be an option, but most services have high risks and potential scams. If you go this route, research well before investing.
### **4. Invest in Bitcoin Instead**
With €500, instead of mining, you could simply buy and hold Bitcoin. Mining is capital-intensive and not always profitable with a low budget, but buying and holding BTC might yield better returns over time.
### **Final Advice**
- Always calculate profitability using sites like **whattomine.com** before buying a miner.
- Consider electricity costs—Bitcoin mining is only profitable with cheap electricity.
- Be cautious of scams, especially in cloud mining and used miner purchases.
1. iPollo V1 Mini is Ethash ASIC, while Kaspa coin use KHeavyHash.
2. Suggesting cloud mining is stupid, when it's either scam or not really profitable.
3. Cloud mining and mining pool are 2 different thing.
4. Whether mining Bitcoin or altcoin, usually it's only profitable with cheap electricity.