Topic: Best ASIC for this power cost? (Read 486 times)

Short answer: None

Long answer: ever since mining took a huge shift from being a hobby thing to an actual business, which was probably the S7 era going into the S9 ear, so say to 2016 onwards, 20 cents KwH was never competitive, in 2016 and maybe all the way to 2020, you could still make some good profit with 10 cents power, you probably didn't even need the most efficient gear, fast forward to today's world, anything above 6-7 cents is not going to work, it doesn't matter what gear you use or what setup there is.

Obviously, I am talking about Bitcoin mining and not the other coins, I would be very careful when examining the profitability of alt miners, the difficulty on most of those coins with the expectation that probably only LTC can double in a few days, you can easily examine that buy getting a clue of the total market cap of that hashpower, you would need tens of billions of dollars to double the hashrate of BTC, so you know your profit isn't going to be cut to half the next month, it's physically not possible, on the other hand, for some new coins, the value of the hashrate is just a few million dollars, so all it takes for the difficulty to do 1x or 10x is one large batch from Bitmain, so all those 50$/day miners and the likes of it are just fake, by the time you get the miner, that 50$ drops to 5$ and the rest is history.

Um, at $0.20 per kWh, regarding ANY miner as  'most profitable' is a misleading term.

Unless you are running solo and quickly get VERY lucky there will be NO profit, just lower losses. To generate sustained profit at current difficulty you need power to be less than $0.06 and you need to be running a very efficient miner like the S19 Pro or equivalent.

The best ASIC miner for those with an energy cost of $0.20 per kWh is the Bitmain Antminer S19 Pro. It offers a high hash rate of 110 TH/s and an efficient power consumption of 3250W, making it one of the most profitable options despite higher electrici.

How much space is available for ASIC placement (eg, are there temperature or ventilation limitations)?

I have friends in the Philippines, it’s hot there and the temperature is 28-30 degrees Celsius all the time. With the cost of electricity being 22-25 cents, it is impossible to find profitable ASICs, although the high electricity consumption there does not raise suspicions if the house has air conditioners.

What you need to care about is the algorithm, which means what kind of coins can be mined

That is very correct unless on free electricity, it's the hardest adventure or risk to engage on, the profit gain when electricity is expensive is equal to zero unless in some cases where it varies that you succeed in lesser option.

I've no experience, but you can visit https://www.asicminervalue.com/ and set electricity rate to $0.20 kW/h to see which ASIC profitable. But at time of writing this post, only non SHA-256 ASIC offer some profitability. But the profit depends on price of altcoin which use algorithm supported by the ASIC and you still need to calculate ROI by yourself.

It probably depends on where you live, I don't think it's illegal to mine bitcoin in the US and the Philippines so I don't believe it will be a problem, maybe if you're stealing power and not paying the electrical companies then you're in for a trouble and also it's not a nuclear hazard or biohazard to set up a mining rig so I don't think that they'll be able to slap you with a fine, maybe a tax will be imposed on you and a ton of paperwork would be on your work but a heavy fine is unlikely.

I remember the TV series 'Young Sheldon' which was a continuation of 'Big Bang Theory' when 6 year old Sheldon was looking for components for a nuclear reactor and federal agents came to him. My country has inexpensive electricity, but if you use it for mining, you face heavy fines.

Damn, I'd kill for that energy cost, that's double of the cost here in my country. I guess there's a reason why we need to consider the reopening of the nuclear energy in the country because close to free energy is the best kind of energy, I can only imagine the cost when that's finally a thing in my country.

I've got my 10 Helium (HNT) miners still running, mining IOT because they use nearly no power.  They are not supposed to all be at one location, but I don't care, I'm owed a lot for what it cost me to buy those things at premium prices in '21-'22.  I mine IOT and convert it to HNT and send it to my crypto exchange account.

I've used the calculators and tried all sorts of ways, but there's just no good way to have a profitable mining farm unless you can get free power or at least not have your name on the power bill.  I had GPU farms in the past but not for several years now.  I can make more money just buying low and selling high in alt coins.

So I suggest that you forget mining and just buy/sell and invest your way to PROFITS.

Well, maybe that's what I'm going to do.
Not because of the money that can be made - which is unlikely to be made at all. But, because of the fun of the project and the involvement that can be had.

With such electricity prices, you can only engage in click mining:
ice mining, notcoin mining
https://bitcointalksearch.org/topic/ice-mining-5482765
https://bitcointalksearch.org/topic/notcoin-mining-5481064

NEAR Wallet on Telegram | Claim $HOT Token
https://medium.com/@NewAirdropEN/near-wallet-on-telegram-claim-hot-token-b5b872f86cd3

or buy a mini ASIC for lottery mining.

In all options, there is a big risk of losing time and money. Electricity in mining is the main expense, and when the main expense is huge, then you will lose.

Have you considered GPU mining? ASICs get outdated very fast and when they do, they don't have much resale value. There will be always some demand for the GPU's on the other hand. Looks like RTX4090 is the hottest shit out there nowadays. You can find it on amazon for around ~$2k. (I found one Zotac that sells for $1768 but only 1 left in stock)  Get 6 of those monsters and it will make a good rig.


https://minerstat.com/hardware/nvidia-rtx-4090

2.81x6= You will be making ~$16.8/day, you can round that to $15 probably.

$12000/15 = You will ROI in 2.2 years if you keep them on day and night according to today's data. Considering that the total hasrate will go up during that time, the realistic number would be 4 to 5 years for your ROI. After 5 years, when you get your ROI, you can still use them for gaming  I bet they will be enough to run the latest most GPU hungry game of that year.

It's true, the western part of Europe is very exposed to high values. So it becomes complicated to be able to collaborate in this activity. On an amateur basis. 

So I would ask for a machine - ignoring the cost of the equipment - that would be a viable mini-lever for this energy cost.

OP is from EU, which has a lot of different prices depending of the country.
In France for example they are between 0,12-0,16 usd per kw/h, some people pay even more in UK, Belgium, Netherlands, Portugal, Germany...
During the same time in Eastern Europe I pay less than 0,03. Westerns EU countries are quite unlucky if we talk about electricity prices.

It has not gotten up to this. People disagree to agree and some people will disagree to disagree. You can correct people without any abusive word. I can understand what you mean. That $0.2 per Kilowatt hour is costly. You are not wrong about that. In my country, the electricity cost in my area is $0.05 Kilowatt hour. That is how electricity is costly in developed countries. I think he will come from United States because that electricity consumption charges is similar to US electricity electricity charges.

You are probably on a low protein diet.

The OP pays $0.20 KW/h. In which part of the world this is considered cheap? I already pointed out solar may not be cheaper also.

You are funny. If someone is in a country with cheap electricity, you will still tell the person to buy solar. Solar is not cheap at all and its maintenance can be costly. Cheap public electricity would be better.

You shouldn’t be mining with that electricity cost. Either build a solar setup (it still may not be cheaper) or just invest in crypto instead. People don’t sell their miners for a good price when it is profitable to mine anyway. Mining is a fool’s game unless your electricity is nearly free.