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Showing 3 of 3 results by finanzen101
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Board Mining
Re: Antminer S21 Pro
by
finanzen101
on 03/05/2025, 15:00:02 UTC
I’m considering adding an S21 Pro to my home mining setup, but I’m hesitant due to the high electricity costs here in Ireland. I’m worried the earnings might just cover the electricity bill. My other option is to go for an S21e XP Hydro and host it instead. Any suggestions?

We would need to know your electric rate per kWh, however based on the average rate in Ireland of €0.34, you should expect the following:

Cost to run 1 x S21 Pro per day: €28.64
BTC earnings per day: €13.58

Total loss per day: €15.06

Hosting companies are mostly scams - and very unlikely anyone would host one single unit like that. S21 Hydros require additional equipment, pumps, filters, water infrastructure etc. Typically you will need to invest in 10 units or more, purchased through the hosting company. But expect to get ripped off!

Your best bet would almost certainly be to invest in BTC and hold, rather than mining. As a general rule, you need free or very cheap electric to be profitable in BTC mining. That means around €0.05 per kWh or less
Clearly, the electricity cost is key to mining, so the focus should on getting cheap electric.
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Topic
Board Mining
Re: What will be your advice to someone with an interest in mining in 2025?
by
finanzen101
on 03/05/2025, 14:53:29 UTC
From your experience and the present landscape of the mining horizon, what will be your genuine advice for someone interested in mining bitcoin, to abandon the interest or to continue?
Also, if you think that they could still benefit well, what tips can you give from the lessons you have learned?

By tips I mean information like, best mining equipment name and model to use, and then other hacks you discovered on your own.
It is not by buying the best mining equipment and all. Have you thought about the other running cost? Do you have a facility to install your mining rig? What type of power do you intend to use - solar, fossil, wind? And have you calculated how much it would cost for each of these, the advantages and disadvantages running them based on your location? Have you considered some local laws and regulations with regards to bitcoin mining? How about human resource, what is your plan for it? Do you plan to run it alone or employ the services of someone else? These are the no-so-big but important questions you need to think about.
Considering costs, the facility where to mine, power, laws and taxes should come first. One could therefore consider test runs on a small setup and expand for there.   
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Topic
Board Mining software (miners)
Re: Be aware of fake firmware floating around.
by
finanzen101
on 01/04/2025, 14:07:00 UTC
...
I think it's important people should also realise that a virus check has no guarantee to find a virus - so if you do grab some software from somewhere and it passes your virus program check, that doesn't mean it doesn't have a virus.

Virus checkers only check for known viruses, so if someone makes a download and writes a new as yet unknown virus to put in it, it's possible to pass any virus program checks.
Also be aware - related to the above - that there are Windows viruses that do in fact change your pool settings in any miners they can find and point your miners to mining for someone else.

While standard manufacturer S9s so not allow this virus to affect your miners, a program like awesome miner has the standard option to allow such viruses to get into your miners.

It helps to watch which processes are running. If there is something out of the ordinary, one can research if a proggie is running which is not supposed to be running.