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Some people will spend hundreds of dollars on BitAxe or variant, achieving less than 5 TH/s, when they could have a used miner with 10-20x the hashrate.

2.5TH/s for € 400,00 for NerdQAxe+

https://www.gobrrr.me/product/nerdqaxe/

1.2TH/s for 220.00 CAD for BitAxe Gamma

Buy 2, to get 2.4TH/s combined for about $300 USD

https://d-central.tech/product/the-bitaxe/

93TH/s for $300 for Avalon Miner 1246

https://kaboomracks.com/product/used-avalon-miner-a1246-93t/

Some providers of used S19s

https://www.asicprices.com/en/miner/antminer-s19

Note: This is not a testimonial for any of these vendors or products. Buy at your own risk. DYOR. DYOK.

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Discussion

Bill Cypher 1y ago

Of course that comparison ignores running cost, noise, and waste heat. Those are a big deal when picking the right miner for you.

Printer 1y ago

There is no waste heat in winter.

Bill Cypher 1y ago

Waste heat as in heat created that does not benefit the mining process. It is up to the user to decide what to do with that heat and how much is acceptable.

Printer 1y ago

Fair

Nice and Kind Vic 1y ago

Noise might be the biggest factor. Then plug and play convenience.

Bill Cypher 1y ago

A bitaxe cost single digit dollars a month to run. An s19 will cost $300 or more at average electric rates.

Chriso🇺🇸🇦🇺🦘⚡️ 1y ago

I’ve often thought the same thing. I get s19’s and the like require 220v and that’s not standard in USA, using a s9 would be a more efficient way to mine in my humble opinion.

ภ๏รtг๏ภคยt 1y ago

Not to difficult to put a 220 in.

My S9s use 85w per TH.

My bitaxe uses 20w per TH.

Nice and Kind Vic 1y ago

Yes, but that's quite a premium to pay on the capex that will never pay off in prolonged opex

ภ๏รtг๏ภคยt 1y ago

Show me any miner that has the same efficiency as a bitaxe. Only thing I can find close is the S19 XP Hydro, but not everyone can afford to run something like that. So getting a bitaxe at a bit of a premium and bit better efficiency without the full upfront cost or high electric bill, suits some folks better.

ภ๏รtг๏ภคยt 1y ago

The difference is in the electricity used.

Yes. There are more powerful miners out there for around the same price as 2 bitaxes in the used market, but, they'll also run up your electricity bill.

None of the used miners will come close to 20w per TH.

JackTheMimic 1y ago

I think it's more of a cost of operation analysis. At 15-17 J/TH 20w for 24 hours= 480w that's a 3rd to a 5th of the power consumption for 1 hour with an Avalon. Meaning the overall hash comes to 207,360 TH(with the Bitaxe) versus 69,120 TH to 115,200 TH for the same power consumption. Now you'd run you bitaxe for longer for that total but it is more efficient and cost effective.

zyrotin 1y ago

I can run a couple of bitaxes in my office without a problem. s19? I'm in the US so I'd need to rewire my house and it's way to loud and hot to keep inside.

Bitaxe and s19s are completely different market shares.

mrecheese 🧀 1y ago

So my calculation before was I think about 2 years of mining before Bitaxes would be a better choice than an S9. Now you've got me thinking about the total price to mine, say, x amount of sats. You mentioned capex and opex somewhere, so that could be some fun math to compare between cheap and inefficient vs expensive and efficient.

Lighthouse 1y ago

100% agree. Bitaxe just a fad

Noshole 1y ago

But I’m a degen for throwing down 100k sats at the poker table…….🤔