Anyone have experience with FutureBit home mining?
Pros & cons, comparisons?
Discussion
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Intriguing... anyone else have more info?
It's better to just buy from that amount Bitcoin unless you have really cheap electricity.
That’s the main thing that keeps me from really jumping into a mining setup
I’ve got the original shitcoin mining version from early 2018. Fun to play around with, but unless you’ve got solar it’ll never be profitable.
That makes sense
Even with solar there's opportunity cost. I would say... unless you have excess solar, it's hard to justify.
I keep trying to get into mining but every way I slice it, it's a better value just to straight up buy bitcoin
That’s where I keep coming down on it, too. I look forward to the day when Bitcoin ASICS are ubiquitous elements of everyday household electronics (heaters, etc) and everyone runs one because you get a little bit of your energy bill back in sats each month 🤙
It's just a matter of time. End of the day it's just a chip and some software right?! Everyday electronics can all have a satsback subsidy!
I don't have one but the specs make them slightly better than the old S9 units. I guess it's a nice gadget if you've got a hole in your pocket and are constrained to 120v but otherwise there's far better mining options out there for 240v and up.
From their website
- 2-3.8 TH/s of SHA256 performance per miner (+/- 5%)
- 125 Watts in ECO mode, and 200 Watts in TURBO * +/- 10%
This translates to 52w to 62w per Th. For reference, an S9 running Braiins with stock hardware (no fan upgrades) is around 70-75w/Th. A last gen S19 is like 32w/Th.
Sounds like it’s built for the user who wants to plug-and-play with minimal effort but fairly low hash rate
Just did some quick math...
At its max rated 3.8TH and a 1% pool fee, you'll mine 363,175 sats a year. At a cost of $900, that's like 3.2m sats... Will take roughly 10 years for ROI....
10 years is a long time when you can buy some Bitcoin instead…
I’m kind of looking for a relatively low cost way to learn more about mining and generate some kyc-free corn, without eating too far into my smash buy capacity
I'm in the same position. I'd like to get into some mining as part of learning process, even if it's a bit of a loss. But 10 years is way too much of a rumway
I’m playing around a little with the “split shares” mining at mining syndicate which is, so far, a cheap way to learn more. It’s basically hosted mining and you can buy a percentage of a miner.
Not sure how I feel about renting miners. IMO a large part of running a miner (and the learning process) is understanding the hardware and configuring the software. I feel like if I just rent hashrate I'm kinda just throwing my money away in fees. Not sure if you feel the same but that's just my personal humble opinion.
Totally valid critique. This is my first exposure to mining, with a couple percentage points of a miner. Dipping my toes in with minimal upfront capital 😉
I still always felt there was value in asic resistant crypto like Vertcoin
Always felt more sensible to me. I’d love to get into mining but it’s hard to justify the investment
🤷🏻♂️
I disagree. ASICS are simply purpose built computers. The more hashrate, the more secure the network. The higher the global hashrate, the more difficult it is to 51% attack. ASIC resistant coins are simply putting an arbitrary cap on each miner's ability to secure the network.