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Topic
Board Mining
Re: What miner is most profitable at 0.01 usd/kwh ?
by
Carlus
on 21/05/2023, 18:54:33 UTC
Hello,

I want to start a bigger mining farm exploiting my cheap access to electricity. Which miner is most profitable at 0.01 usd/kwh? I mean, where you get most bang for the buck.


I have been looking at buying 100-200 L3+ miners, as i found them to be more profitable than the newer s19 machines for example for the same amount of money.

For 100 L3+ miners, my costs would be 0.01 usd/kwh + 300 usd/month (Cost of housing them) + 700 usd/month (Electric) all amounts are approximate.

I estabished contacts with a big reputable Chinese seller and after a lot of discussion back and forth, we agreed on 6000 usd for 100 L3+ miners. Every machine will be tested before sending it, shipping costs will be about 800-1200 usd, cheapest and slowest option. Is this a good deal? Or would you guys propose another miner?

Something that worries me a little bit is how the profits will look like after LTC will be halved, that is going to happen soon. And Im worried if this will make my setup unprofitable?

Maybe there is another miner out there, that is quite cheap right now to buy due to high watt usage, but which can be profitable at low electric costs?

Best regards all, will be happy to receive any advice.


The forever question for cheap power is how do I blend my gear to make good money.

A) accept perfection of your choice to be impossible.
B) determine how much power you have
C) determine how much cooling you have.

100 l3+ = 100 x 800 watts or 80kwatts that is about 275000 BTU.

I can assure you there are downsides to doing 100 of them
1) they take up space
2) they take time to manage.

I suggest a blend of gear.

(l3+)(m30)(l3+)(m30)

this would be 20 m30 and 20 L3+

or 20 x 3300 = 66000 watts for what's miner
and 20 x 800 = 16000 watts for L3+

same power only 40 units not 100

and the L3+ act as coolers for the m30 gear.

cost is more 20 x 1200 = 24000
and 20 x 75 = 1500

maybe 25500

if not acceptable

bump the L3+ to 40 say 3000
drop the m30 to 10 say 12000

15000 total outlay


much better way to play the game.

Thank you so much for taking your time to write a well put answer Smiley Appreciate it.

A) So yeah, im pretty much at this point I think haha.
B) I propably have access to a few megawatts  I think. I live next to a hydropower dam so it wouldnt be too expensive to connect additional powerlines either I believe.
C) I live in a cold place, and I already have connected cooling tunnels to lead warm air outside. I also have a pretty large garage and an outside shed. So these places are naturally pretty damn cold.

1) Yes they will take lots of space..
2) About management, I already set up 10 of them at home already. And I was able to automatize everything. So that I dont need to touch anything except keep the internet access on and power on. This is how I got the idea to get a 100 of them. Because they literally take 0 management from my side. They boot automatically and start mining to my nicehash account. I also ofcourse have the 10 I currently have running connected to Hiveon.  Or do you mean repairs maybe? In that case yes, I dont have any knowldedge in repairs of these machines.

Exactly I was looking into making a blend of some sort. And thought this could maybe be better generally and not fully rely on LTC mining but maybe bitcoin mining also. But I was looking at the ROI for the m30 whatsminer and the ROI is many more months than the L3+ or?

I can get the l3+ for about 60 usd a piece. I think the cheapest M30 Whatsminer I found through Chinese retailer was like 1000 usd. Idk, what do you think? Its still worth it to buy M30? On the other hand, the M30 takes up much less space and less time to set up ( Due to needing fewer units for the same hashpower)

Im not quite sure what you mean here " the L3+ act as coolers for the m30 gear." how?

Do you think the M30 is more future proof than L3+ ?

Your idea is pretty good I would say, I will think about it and do the math behind it Smiley

Best regards


Post
Topic
Board Mining
Re: What miner is most profitable at 0.01 usd/kwh ?
by
Carlus
on 21/05/2023, 18:36:01 UTC
I want to start a bigger mining farm exploiting my cheap access to electricity. Which miner is most profitable at 0.01 usd/kwh? I mean, where you get most bang for the buck.

Whether it's $0.01/kWh, $0.05/kWh or something else, the general answer is miner with best energy efficiency. Since you ask on Bitcoin mining board, people usually would say Antminer S19 and it's variant (S19 XP, S19k Pro, etc.). But since you mention Scrypt ASIC miner (which i'm not familiar with), you might want to visit https://www.asicminervalue.com/ as initial reference.

Thanks for your advice Smiley

But its not really applicable for my situation. For example ROI with L3+ miners will be about 4 months. While ROI on the most energy efficient s19 miner will be many more months than that.

Also, if my budget is 7000 usd total. How many s19 miners can i afford? (Or L7) Not many. I find that I can make much more profit with a few dozen L3+ than with one or two newest most energy efficient machines.

Asicminervalue is a great website and I used it before Smiley But its still a bit tricky to find the most profitable machine to run (Including purchasing cost and ROI and so on) on my electric cost. Thats why im asking here, maybe someone here faced the same issue and found the perfect miner.

Best regards
Post
Topic
Board Mining
Topic OP
What miner is most profitable at 0.01 usd/kwh ?
by
Carlus
on 21/05/2023, 08:31:24 UTC
Hello,

I want to start a bigger mining farm exploiting my cheap access to electricity. Which miner is most profitable at 0.01 usd/kwh? I mean, where you get most bang for the buck.


I have been looking at buying 100-200 L3+ miners, as i found them to be more profitable than the newer s19 machines for example for the same amount of money.

For 100 L3+ miners, my costs would be 0.01 usd/kwh + 300 usd/month (Cost of housing them) + 700 usd/month (Electric) all amounts are approximate.

I estabished contacts with a big reputable Chinese seller and after a lot of discussion back and forth, we agreed on 6000 usd for 100 L3+ miners. Every machine will be tested before sending it, shipping costs will be about 800-1200 usd, cheapest and slowest option. Is this a good deal? Or would you guys propose another miner?

Something that worries me a little bit is how the profits will look like after LTC will be halved, that is going to happen soon. And Im worried if this will make my setup unprofitable?

Maybe there is another miner out there, that is quite cheap right now to buy due to high watt usage, but which can be profitable at low electric costs?

Best regards all, will be happy to receive any advice.
Post
Topic
Board Lending
Re: Seeking 1-2 BTC
by
Carlus
on 12/04/2023, 22:02:36 UTC
Where do you live please?

I think in 2021 our kwh price was 0.002 usd/kwh in summer about 4 months straight. The prices are also decided by if you are a "Vertekommune" or not. Vertekommune gets much better kwh prices due to their proximity to hydro electric dams. Some Same communities has nearly free electricity in return of letting big international companies build wind farms on their lands.

Some smaller coastal villages has wind farms with very good kwh prices for letting the big companies build their wind farms along the protected coastline.

Norway isnt as centralized as other countries. So its pretty much up to each kommune how they choose to use its resources. So many smaller kommunes take these deals, of cheap electric prices in return for giving the wind farm companies favorable conditions.
Post
Topic
Board Lending
Re: Seeking 1-2 BTC
by
Carlus
on 12/04/2023, 21:56:22 UTC
Where do you live please?

Okey to be more specific, north of Norway. Which kind of has its own energy grid seperated from the south of norway and so the kwh price remiains quite stable and isnt affected as much by worldy events. cheap electricity, 0.02 usd/kwh in summers (About 5 months of the year) but higher in winter months. This winter the kwh price which didnt exceed 0.05 USD/kwh except only in december, which was a record month. We never had it that expensive before.. but on average it was 0.05 usd/kwh. Which is quite expensive for this region and its believed that prices will normalize now in 2023. But in general, even with pretty damn old miners you can run a profit with current electric prices. For example the S9 miners that has aged a bunch of years already.
Post
Topic
Board Computer hardware
Re: [WTB] S19 Pro 1-3 units depending on pricing
by
Carlus
on 12/04/2023, 21:46:18 UTC
Excuse me? Shoot me a private message and i will show you. I almost suspect you must be american judging by how ignorant you are.

You are the one offering an extraordinary cheap service, it is on you to prove it, I do not think it is my job to do so.

And as for me being both American and ignorant, there is at least one wrong assumption in those two.

Cheap electricity but maybe im not the cheapest. I will ofcourse want a percentage of all mining profits. i will prove anything to the one who is interested, not gonna out myself exactly where I live. I live in Norway but I wont say what village or region unless there is an interested party.
Post
Topic
Board Lending
Re: Seeking 1-2 BTC
by
Carlus
on 12/04/2023, 17:42:39 UTC
Where do you live please?

Norway.
Post
Topic
Board Lending
Re: Seeking 1-2 BTC
by
Carlus
on 12/04/2023, 13:38:33 UTC
You might want to move this to the long term lending section. (Bottom left of page)

I'd be cautious dealing with this user.
New account less than 24 hours old.
The collateral doesn't add up, 0.02 price is basically unrealistic and they are already calling people ignorant for questioning them.
It's too much too soon.

Because another user says im lying. When a quick google search will show you that there are numerous places in the world with around 2-4 cent per kwh, and I happen to live in such a place. Its not unrealistic at all and its ignorant to say that Im lying without checking ur facts.

As an example in a neighbouring village from where I live, all the residents were offered 1 cent per kwh until 2030 If the village council approves the building of a 500 MW windfarm next to the village. And its not only in my country this happens.

Im here to do business, so it is what it is. 
Post
Topic
Board Lending
Re: Seeking 1-2 BTC
by
Carlus
on 12/04/2023, 13:31:56 UTC
Because another user says im lying. When a quick google search will show you that there are numerous places in the world with around 2-4 cent per kwh, and I happen to live in such a place. Its not unrealistic at all. I encounter this often online, many americans live in a bubble unaware that there is a world outside the US with different rules.

As an example in a neighbouring village from where I live, all the residents were offered 1 cent per kwh until 2030 If the village council approves the building of a windfarm next to the village. And its not only in my country this happens.

Im here to do business, so it is what it is. 
Post
Topic
Board Computer hardware
Re: [WTB] S19 Pro 1-3 units depending on pricing
by
Carlus
on 12/04/2023, 13:23:48 UTC
In summer its 2 cents and winter months 5 cents, hard facts.
Post
Topic
Board Computer hardware
Re: [WTB] S19 Pro 1-3 units depending on pricing
by
Carlus
on 12/04/2023, 07:09:59 UTC
Excuse me? Shoot me a private message and i will show you. I almost suspect you must be american judging by how ignorant you are.
Post
Topic
Board Lending
Re: Lending Service Started! (USDT/BTC/LTC/ETH/DOGE/ETC)!
by
Carlus
on 11/04/2023, 14:02:33 UTC
Loan Amount: 1 BTC
Loan Purpose: Mining farm upscaling in 0.02 USD/kwh location
Loan Repay Amount: 1.5 BTC
Loan Repay Date: 12 months (0.125 BTC/month)
Type of Collateral: 10 units of S19 xp hydro miners.
Escrow profile link: None
Bitcoin Address: 3AL9S3iV4mumSk3u8xcDfja9uGJYJ3Czod
Thank you very much for applying loan request on my lending thread. But I am sorry to say that I am not able to accept your loan request as I do not take any physical assets as collateral. So, I am rejecting your loan request.

I do have an online business which I would value at somewhere round 100k USD which maybe could be used for collateral? Although Im not sure how it would be done.
Post
Topic
Board Computer hardware
Re: [WTB] S19 Pro 1-3 units depending on pricing
by
Carlus
on 11/04/2023, 13:56:02 UTC
I have 3 s19j pros.  One is 104th, two are 100th.  My electric cost doubled in the last year and I'm not profitable anymore.  For the last year, I've been taking turns running them here n there for a few hours. All in all, in great condition.  Considering my power cost and price of btc, not sure how long it'll be til I'm profitable again. They're collecting dust right now. I'm considering holding til btc spikes to either run or sell, or cut losses now. 
  Let me know if you want to talk, and what your budget is.  I'm located in PA.

I would be interested. Either in buying them or I can host them for you if we split the profits. I have 0.02 USD/kwh
.02 ? Where is your facility located?

I'm real curious how you could manage to strike a deal like that , because I haven't heard anything like that in a long long time.

Your also a new account asking for 1BTC loan.


Norway, we still were able to secure good fixed price contracts before the prices soared later in 2022. True, thats the reason i mustered courage to create an account here. Been getting into mining recently (Well okay, latest 6 months or so)
Post
Topic
Board Lending
Topic OP
Seeking 1-2 BTC
by
Carlus
on 11/04/2023, 12:28:40 UTC
Hii:)

I have electricity for 0.02 USD Kwh. So basically any mining i do is very likely to be profitable at any scale. 

I have access to a smaller industrial facility with 50 amps, 240 volt breakers (Plentiful) with 0.02 USD/Kwh in a crypto friendly region in my country(Norway) with excess electricity in the power grid. Space would be enough for hosting up to 400 machines. If needed I can upgrade the breakers and electric system to handle the load needed if it exceeds the current one. I am also open to hosting older mining equipment that no longer is profitable in other areas in the world due to rising electricity costs as well. So if you have some, for example L3+ antminers or other inefficient miners, im open to hosting it for you.

Loan amount: 1-2 BTC
Use: purchase of 10 s19 xp hydro ASIC miners + hydro container (210 unit size) and tariffs for importing to Norway (Currently at 25%) (I will use my own money too in this venture, Im aware that 1-2 BTC doesnt cut it for the purchase of this equipment. But im putting in my own savings as well)
Collateral:
Equipment itself will be collateral (40 000 USD worth) With a rather high and stable second hand value.
I have a smaller online business (Would evaluate it to about 100k USD worth, www adress and revenue details will be provided upon request, about 4000 frequent customer base)
I have 3 laptops + Imac rather new (3500 USD worth)
car (4000 USD worth)
Instagram account 90k followers (Not sure about evaluation, but maybe worth 2000 USD?)
ASIC mining rig since before (3000 USD worth)
iphone 8, 2 Huawei P30 pro, one new Galaxy 23S Ultra 512 gb - all in decent shape without damages (About 1000 USD worth total propably)
15 000 USD in outstanding loans (Debt that im owed from others, that im actively collecting on monthly)

Not really collateral but useful:
Can provide tax return statements from 2022(60k USD) and 2021(40k USD) (Yeah, I dont declare most of my online income to avoid taxes)
Can print full statements from my 2 main bank accounts (Show about 100k usd in transactions last 1-2 years)
Also not really collateral, but can ofcourse show passport, driving license, electric bills (as proof of residence)
income stream 1: 1800 USD/month
Income stream 2: 800 USD/month
Income stream 3: 2800 USD/month
Income stream 4: 1500 USD/month

For those interested, these are my own calculations which might differ 5k +- from reality and based on current mining difficulty and BTC evaluation with the combined hash power the data center I want to establish :
Gross mining revenue + 6000 USD/month
Electric cost - 1500 USD/month
Safe industrial facility - 500 USD/month
About 4000 USD profit monthly (In Norway you dont pay taxes unless you sell bitcoin for fiat currency)

Repayment plan:
My initial offer is 2000 USD/month.
40% interest rate on total amount borrowed (is negotiable)

Im aware of the rather long repayment plan, which is maybe not that interesting for everyone here. Realistically, with a 2 BTC loan we are looking at about a 3 years repayment plan and with a 1 BTC loan we are looking at a repayment plan exceeding one year somewhat. 

Also very interested in someone willing to partner and become a co owner together with me and sees potential in establishing a mining farm in a stable 0.02 USD/kwh location.

Example:
1 BTC borrowed, 1,4 returned.
2 BTC borrowed, 2,8 BTC returned.



My first post, but trying to be as transparent as need be. Will provide all documentation on request in PM.

Best regards, Carl
Post
Topic
Board Computer hardware
Re: [WTB] S19 Pro 1-3 units depending on pricing
by
Carlus
on 11/04/2023, 12:18:53 UTC
I have 3 s19j pros.  One is 104th, two are 100th.  My electric cost doubled in the last year and I'm not profitable anymore.  For the last year, I've been taking turns running them here n there for a few hours. All in all, in great condition.  Considering my power cost and price of btc, not sure how long it'll be til I'm profitable again. They're collecting dust right now. I'm considering holding til btc spikes to either run or sell, or cut losses now.  
  Let me know if you want to talk, and what your budget is.  I'm located in PA.

I would be interested. Either in buying them or I can host them for you if we split the profits. I have 0.02 USD/kwh
Post
Topic
Board Lending
Re: Lending Service Started! (USDT/BTC/LTC/ETH/DOGE/ETC)!
by
Carlus
on 11/04/2023, 11:29:37 UTC
Loan Amount: 1 BTC
Loan Purpose: Mining farm upscaling in 0.02 USD/kwh location
Loan Repay Amount: 1.5 BTC
Loan Repay Date: 12 months (0.125 BTC/month)
Type of Collateral: 10 units of S19 xp hydro miners.
Escrow profile link: None
Bitcoin Address: 3AL9S3iV4mumSk3u8xcDfja9uGJYJ3Czod
Post
Topic
Board Long-term offers
Re: Seeking 1-2 BTC loan/investment for mining in 0.02 USD/Kwh location.
by
Carlus
on 11/04/2023, 10:30:58 UTC
As additional information. Long term Im looking to upscale. I have a friend who is interested in hosting s19 xp hydro miners in my facility. So thats an additional 20k USD worth of machines thats gonna generate some passive mining income. Im also looking on buying cheaper older Asic machines that are still profitable to run with 0.02 USD/kwh electric prices.
Post
Topic
Board Long-term offers
Re: Seeking 1-2 BTC loan/investment for mining in 0.02 USD/Kwh location.
by
Carlus
on 11/04/2023, 10:03:26 UTC
Forgot to mention,

I have an instagram account with 90k followers which I can put up for collateral. Not sure about evaluation but its my private account.
Post
Topic
Board Long-term offers
Topic OP
Seeking 1-2 BTC loan/investment for mining in 0.02 USD/Kwh location.
by
Carlus
on 11/04/2023, 09:45:35 UTC
Bitcoin is going up, I have electricity for 0.02 USD Kwh. So basically any mining i do is very likely to be profitable at any scale.

Loan amount: 1-2 BTC
Use: purchase of 10 s19 xp hydro ASIC miners + hydro container (210 unit size) and tariffs for importing to Norway (Currently at 25%) (I will use my own money too in this venture, Im aware that 1-2 BTC doesnt cut it for the purchase of this equipment. But im putting in my own savings as well)
Collateral:
Equipment itself will be collateral (40 000 USD worth) With a very high second hand vaue.
I have a smaller online business (Would evaluate it to about 100k USD worth, www adress and revenue details will be provided upon request, about 4000 frequent customer base)
I have 3 laptops + Imac rather new (3500 USD worth)
car (4000 USD worth)
ASIC mining rig since before (3000 USD worth)
iphone 8, 2 Huawei P30 pro, one new Galaxy 23S Ultra 512 gb - all in decent shape without damages (About 1000 USD worth total propably)
15 000 USD in outstanding loans (Debt that im owed from others, that im actively collecting on monthly)

Not really collateral but useful:
Can provide tax return statements from 2022(60k USD) and 2021(40k USD) (Yeah, I dont declare most of my online income to avoid taxes)
Can print full statements from my 2 main bank accounts (Show about 100k usd in transactions last 1-2 years)
Also not really collateral, but can ofcourse show passport, driving license, electric bills (as proof of residence)
income stream 1: 1800 USD/month
Income stream 2: 800 USD/month
Income stream 3: 2800 USD/month
Income stream 4: 1500 USD/month

For those interested, these are my own calculations which might differ 5k +- from reality and based on current mining difficulty and BTC evaluation with the combined hash power the data center I want to establish :
Gross mining revenue + 6000 USD/month
Electric cost - 1500 USD/month
Safe industrial facility - 500 USD/month
About 4000 USD profit monthly (In Norway you dont pay taxes unless you sell bitcoin for fiat currency)

Repayment plan:
My initial offer is 2000 USD/month.
50% interest rate on the entire capital amount borrowed.

Im aware of the rather slow repayment rate, which is maybe not that interesting for anyone looking for a get rich quick scheme of any kind. So propably Im more interested in garnering interest from someone who thinks long term and is willing to see it as an investment for some years ahead. Instead of making a quick buck with a few short months horizon. Realistically, with a 2 BTC loan we are looking at about a 3 years repayment plan.

Example:
1 BTC borrowed, 1,5 returned.
2 BTC borrowed, 3 BTC returned.

I have access to a smaller industrial facility with 50 amps, 240 volt breakers (Plentiful) with 0.02 USD/Kwh in a crypto friendly region in my country(Norway) with excess electricity in the power grid. So I am open to hosting older mining equipment that no longer is profitable in other areas in the world due to electricity costs as well. So if you have some, for example L3+ antminers, im open to hosting it as long as im given a cut of the mining profits.

My first post, but trying to be as transparent as need be. Am aware that many scammers lurk these forums as well. For any interested party I will get on a video call and make a more detailed presentation.

Best regards, Carl