My main focus over the next 6months will be to build a mining rig that's going to hold up for the next couple of years.
Looking for recommendations and real life experience recommendations.
I want it to eventually be a monster so building it to scale up over time will be essential.
#nostr #mining #btcminer #miner #minstr #bitcoin #btc #plebchain spleb #nostrich #bloclchain #global #sats #zap #zapathon #eurothon
What are you trying to mine with a gou rig?
Gpu*
There's far too much information out there so I want real life experience from people with do's and don'ts if possible 💪
I've no rig , these are just stock images.
I'm researching what way to go about it for long term mining.
S9's are relatively cheap but may be obsolete soon.
I'm an electrician by trade with electricrial engineering as part of my job so I'm confident in my skillset to build whatever is needed 😂
Ok good don’t waste your money on gpus…….
Cheapest electricity is the first thing. Cheaper the better. If you can afford a solid long term investment for free (or near) electricity that’s first. (Personally I had looked into mining forever with solar and s1’s. Unfortunately I could not come up with the up front capital to do this at a large scale)
Then after you figure out all the electrical stuff.
You gotta decide what miner is gonna fit with the actual amount of electricity you have to spare.
(Cheaper power = longer lifer for newer miners & possibly running older miners {with auto trigger software controlled systems})
Redundancy with Internet and power systems is a plus
I can install solar and wind with battery backup no problem so limited down time.
Probablem as you said will be the initial outlay.
For just the power rig that would be 10 to 15k for materials
Yup and you’re limited to the mw\kw h produced.
But it’s long game…..
Have you looked into drilling a natural gas well. If that’s even possible/practical in your area?
Have you contacted the power supply company directly to talk about quoted rates for x amount of guaranteed usage?
I think with a small mining setup it's not really worth doing that but definitely an option if I build it out.
Honestly I think with a properly specd PV solar setup il be able to mine relatively cheap to almost free for a small setup.
Pretty good right? How many times ya dine the math? Lol. If you do decide to invest in the project I wish you many years of easy mining and many mined blocks.
Ireland, isn't friendly to that , can't have people with free gas haha 😂
If I would have bought 30k worth of solar and what ever the about of miners to eat that power I’d still have it…….
Power cost would have never shut my mine down……
And everything would have been paid off already…….
It’s a tricky game but it can be played.
Why do you think the biggest miners in the USA a starting to buy/build their own power plants?
Because…..
It is the way……
Unstoppable money requires unstoppable power.
Solar Rig incoming 😜
Just make sure you double triple check the math. Several times.
Have someone else double check as well. As with everything don’t invest what you can’t lose.
Idk how business law works over there but there may be some severe advantages when it comes to this sort of stuff as well.
As a former mining business owner in the USA I never paid taxes on bitcoin that was mined and sold due to the tax laws here (good accountants matter).
Sovereign energy > sovereign money #few
Some things to keep in mind - if you go GPU it's easy to build, but you'll be mining shitcoins - if you do go that route then nicehash is the easiest route.
If you go with ASICs then keep in mind that the payout in BTC terms will continuously drop as the days go by because more and more power will be added to the network.
Ignore anyone who says "and S9 will produce x bitcoin over x time because they literally have no clue what they're on about.
One of the upsides to ASIC mining in non kyc coins, however it can work out cheaper and easier to use the money to buy the BTC then clean it up with a few transaction. Another upside is that you're contributing to the networks decentralisation.
Don't expect it to be mega profitable straight away, most early miners minednfor the sake of it, not really expecting to get rich.
Tbh il be mining for the sake of mining , as long as it eventually nets some profit I'd be happy.
I will definitely be using ASICs and s9's are cheap so if I can work something out on the cost of KW i might be able to make them profitable but I'd love a s19a or a pro but they are way out of my price range starting off.
