Hello world.
I am a blockchain enthousiast who ordered 8 antminers from bitmain, they came this week to the customs of my country. In about 2 weeks i m finally gonna install my equipement (the place is all set up).
As i am new to all this, i would really like to have some advices. I even may do a full report with pics and all of the overall process of mounting this little operation.
So the 2 main questions that ask themselves are :
1. The miners costed a little fortune, so the primary objective naturally is to get back the invested money, right? How to do that? SHould i mine BTC or any other altcoin with SHA256 alogo?
2. If it s btc (which i prefer) - which pool to choose and why? I am not a fan of the chinese, nor of the whole "unlimited" thing. But i m open to all thoughts.
I hope that you guys won t be so harsh on me on my first post, and i m sorry for my bad english.
Your English is fine.I am a blockchain enthousiast who ordered 8 antminers from bitmain, they came this week to the customs of my country. In about 2 weeks i m finally gonna install my equipement (the place is all set up).
As i am new to all this, i would really like to have some advices. I even may do a full report with pics and all of the overall process of mounting this little operation.
So the 2 main questions that ask themselves are :
1. The miners costed a little fortune, so the primary objective naturally is to get back the invested money, right? How to do that? SHould i mine BTC or any other altcoin with SHA256 alogo?
2. If it s btc (which i prefer) - which pool to choose and why? I am not a fan of the chinese, nor of the whole "unlimited" thing. But i m open to all thoughts.
I hope that you guys won t be so harsh on me on my first post, and i m sorry for my bad english.
You should mine Bitcoin or you could merge mine (but ideally Bitcoin, always good for decentralisation of the network). If you don't like BU, I would suggest avoiding Bitmain pools (BTC.com, Antpool, ConnectBTC) and going for either a neutral pool or SegWit signalling pool. I think Kano.is is neutral (might be wrong on that) and it's quite popular on the forum as it has low fees and only controls about 1% of the hashrate so it's not a monopoly.
You could look at Blockchain's pool hashrate distribution chart and check on a block explorer whether it's signalling SegWit.
As for making ROI, it's all about your electricity costs. If you have no costs, some miners can get you ROI within 6 months, but that's unlikely. If you have really high costs you might never ROI, and if you have moderately low or average costs you might be looking at about 2 years, unless the difficulty is too high.
