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Showing 12 of 12 results by Tykilito
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Board Mining (Altcoins)
Re: Beginner in mining - Low elecricity price
by
Tykilito
on 03/06/2025, 13:30:11 UTC
Mine altcoins and HODL in bitcoin

which ones are you thinking about?
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Topic
Board Mining (Altcoins)
Re: Beginner in mining - Low elecricity price
by
Tykilito
on 03/06/2025, 13:10:37 UTC


I think you should try mining because your 0.0051/kWh is practically free. If you are not ready to buy a modern ASIC, then buy an ASIC S19 series for 300-500 euros and try. Do not be afraid to gain experience in practice, if you succeed, you will find an investor for 4-5 modern ASICs and expand to 16 kilowatts.
You really have a price of 0.0051/kWh? There are no such prices in France.
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Topic
Board Mining (Altcoins)
Re: Beginner in mining - Low elecricity price
by
Tykilito
on 28/05/2025, 08:27:24 UTC
5 cents is really good for mining!:)

This is good for mining if you don't have any additional expenses and you have permission to mine. For example, my electricity cost is less than 5 cents, but I can't consume much electricity in a private house, so my mining will be limited to one or two ASICs no more than 7 kilowatts per hour.

So you think this power isn't enough for mining?
I could go up to 16kW at most.
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Topic
Board Mining (Altcoins)
Re: Beginner in mining - Low elecricity price
by
Tykilito
on 23/05/2025, 08:19:31 UTC
I thought my low electricity cost would allow me to be profitable, but it seems that this is not the only factor...
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Topic
Board Beginners & Help
Re: Beginner in mining
by
Tykilito
on 21/05/2025, 20:37:00 UTC
What most mining newbies oversee is how the more or less steady grow of global hashrate and thus difficulty continuously lets your own, usually constant, hashrate earn less and less, because your share to the global hashrate gets smaller and smaller. This is one of the main profitability killers.

If your investment in an ASIC needs about one or two years to break even, and the usually ridiculous prices of state-of-the-art ASICs demand quite long break-even periods, you should have a look how mining difficulty changes over such period intervalls.

Compared to a year ago to now difficulty rose about +46.3% (a year ago set to 100%); compared to two years ago to now it rose about +145.5% (see difficulty chart).

If anybody thinks mining is sort of like easy-peasy money printing, let me tell you: it is not. DYOR and do the profitability math correctly. You're better off to buy Bitcoins with your money when there's a correction or bear market. Now is maybe not the best time as we're pretty near ATH. Others suggested DCA which isn't a too bad strategy if you feel you don't want to wait.

Nobody knows when there will be a correction or bear market and which lower levels we will see in the future.

Yes, I did have that in mind, but I thought there was some sort of link between mining difficulty and the value of cryptocurrencies. I suspect it doesn't follow logically, but it still allowed for some sort of balance.
Post
Topic
Board Beginners & Help
Re: Beginner in mining
by
Tykilito
on 21/05/2025, 20:28:16 UTC

If you are new to mining, maybe you should give up on this idea and just buy bitcoin with your money? The end goal for you is to get bitcoin, right? Maybe then remove the extra link in the form of mining when you achieve this? So you will get bitcoin here and now, and not some time later in the mining process.

As a newbie, I would do exactly that. And later, in the process of studying information about mining, I could try the mining process itself.

€3,000 = 0,031 BTC

The idea was more to be able to take advantage of my low electricity cost as I had heard that this was the main barrier to profitability.
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Topic
Board Mining (Altcoins)
Re: Beginner in mining - Low elecricity price
by
Tykilito
on 21/05/2025, 16:06:56 UTC
Thank you for your reply. Currently I have 8kw available but I can go to 16kw easily. I saw the L9 but it's expensive, right?

Do you have any Asics buying sites to recommend?
Post
Topic
Board Beginners & Help
Re: Beginner in mining
by
Tykilito
on 21/05/2025, 15:52:23 UTC
Yes, I hadn't considered mining alone, but rather using a mining pool.


Thank you for your clarifications
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Topic
Board Mining et Hardware
Topic OP
Recherche conseil minage - coût électricité faible
by
Tykilito
on 21/05/2025, 10:17:34 UTC
Bonjour à tous,

Je recherche des informations sur le minage de cryptomonnaies. J'ai l'avantage de payer 0,0051/kWh, donc je pense que cela pourrait être rentable. J'ai un budget d'environ 3 000 € et je suis déjà équipé en triphasé.

Pourriez-vous me conseiller sur les altcoins qui pourraient être intéressantes à miner ? D'après ce que l'on m'a déjà répondu sur le sujet le minage de Bitcoin est déjà saturé. Je n'y connais pas grand-chose, mais l'aspect du dual mining Dogecoin/Litecoin semble plutôt séduisant

Au niveau du matériel, est-il préférable d'acheter un ASICS au risque d'être limité dans le nombre de cryptomonnaies que je peux miner, ou vaut-il mieux opter pour un rig ?

Merci d'avance pour vos conseils.
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Topic
Board Mining (Altcoins)
Merits 1 from 1 user
Topic OP
Beginner in mining - Low elecricity price
by
Tykilito
on 21/05/2025, 09:46:33 UTC
⭐ Merited by nc50lc (1)
Hello all,

I'm looking for information about crypto mining. I am located in France. I have the advantage of paying 0.0051/kWh, so I think it could be profitable. I have a budget of around €3,000. I already have three-phase power.

Can you advise me if which altcoins will be interressting for me ? I don't know much about it, but the dual mining aspect of dogecoin/litecoin really appealed to me.
Hardware-wise, is it better to buy an ASICS at the risk of being limited on the cryptos I can mine, or is it better to go for a rig?


Thanks in advance for your advice.
Post
Topic
Board Beginners & Help
Re: Beginner in mining
by
Tykilito
on 21/05/2025, 09:38:11 UTC
Hello,

Thank you all for your informative feedback. I'll look into altcoins in this case, perhaps in less congested but more volatile markets.
Post
Topic
Board Beginners & Help
Topic OP
Beginner in mining
by
Tykilito
on 20/05/2025, 18:20:54 UTC
Hello all,

I'm looking for information about crypto mining. I have the advantage of paying 0.0051/kWh, so I think it could be profitable. I've started looking into it, and I think an ASICS would be worthwhile. I have a budget of around €3,000, knowing that I would need to purchase a soundproofing enclosure since the installation would be in my basement. I already have three-phase power. Can you advise me if this is a good idea? If so, which ASICS model should I buy + a soundproofing enclosure, and on which website?

Thanks in advance for your advice.