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?
With €500 you can only get an altcoin miner and make profit for a while, still I don't guarantee that you will make your initial back, this reminds me of Kaspa miners from ICERIVER, I got each for $400 and I was able to make $100 back, today they are no more profitable, unplugged and gathering dust.
You can get a Canaan Avalon miner with this money, something similar to the picture below.
https://i.postimg.cc/pXS5X8Fm/IMG-20250313-154756.jpg
With Just 140 watts you can plug and forget it for years, maybe you can hit a block one day who knows? But know that this is a kinda lottery, with 6TH/s you are better than those using solo miners with 2TH.
I'm not sure that this ASIC can work for years
This company have been around for many years, so i doubt quality of this ASIC is that bad. Although if you're talking profit, it's efficiency (J/Ths) isn't very good where ROI is probably impossible.
Oh and I'd definitely play around with those online mining calculators like the asic profit ones to get a rough idea of what you'd earn. Just make sure to dig into it all before you drop any money on gear or services, don't rush in blind!
https://i.ibb.co/pj87gjVZ/Screenshot-2025-03-31-at-5-08-09-PM.png
https://i.ibb.co/pj87gjVZ/Screenshot-2025-03-31-at-5-08-09-PM.png
Related thread, asicprofit dot com is a probable scam mining calculator website.
I think for that amount you can buy 2nd hand unit like s19 units but I do not know if its profitable in your current place.
Why not share with us first your current electricity rate? For s19 units if you have a $0.03 electricity rate, then it's profitable except above $0.05.
You can use some tools like https://www.asicminervalue.com/ to find what unit model is profitable in your country.
Once you find the model unit you like, ask @offordscott if they do have a second-hand unit that fits your budget.
Here's the old thread: https://bitcointalk.org/index.php?topic=5138318.0 Contact him via telegram; he is active daily. Be careful dealing with fake offordscott so only use the link from that thread.
Why not share with us first your current electricity rate? For s19 units if you have a $0.03 electricity rate, then it's profitable except above $0.05.
You can use some tools like https://www.asicminervalue.com/ to find what unit model is profitable in your country.
Once you find the model unit you like, ask @offordscott if they do have a second-hand unit that fits your budget.
Here's the old thread: https://bitcointalk.org/index.php?topic=5138318.0 Contact him via telegram; he is active daily. Be careful dealing with fake offordscott so only use the link from that thread.