Topic: ASICs - What is the best manufacturer? (Read 677 times)

Of course it pays to be Bitcoin mining.
IF YOU HAVE DONE YOUR HOMEWORK FIRST!
#1 point being:  These are power hungry and LOUD industrial machines. No changing that. Period. End of story.

#2, what does electric cost in your area? If more than 10-cents per kWh break-even time will be around a year.

That in turn is followed by #3 which is can you remove the heat and deal with the noise? Again -- these are INDUSTRIAL devices not intended for home use.

If 1, 2 and 3 are problems -- then mining is not for you.

Only then does the matter of investment cost come up. Pure and simple: Look at it like going to a casino. If you did your research then mining certainly has better odds of making money but -- there is still sizeable risk involved until your mining farm is established and not only paying for itself to power but of course producing  income. In other words, as when visiting a casino NEVER risk money you cannot afford to lose. No loans, no borrowing from friends/family, make sure your SO is on board with it, etc.

If you are mining to make money then you better report the income (coin converted to fiat) for taxes. To help with that, register as a LLC. The capital equipment costs, electric, building rent, etc are then business deductions. If in the US look up the IRS Section-179 deductions...

Hello. Does it make sense now to engage in bitcoin mining? The equipment is expensive, and how much will it pay off?

Assuming you *are* talking for mining BTC then really only 2 choices, Bitmain for s9's and Canaan.io with their Avalons.
ref the Bitcoin hardware section  and skim through their threads there.

Dear all,

basically I do not know many manufacturers. It would be nice if you could name all manufacturers that you know. Moreover a brief evaluation would be great.


- Bitmain - Very good reputation (very difficult to order some due to the high demand)


All the best

B.D.