nuff GPUs... lets talk Asics.
My group has a sizable Scrypt and X11 ASICS farm hosted overseas.
With dwindling revenues in Scrypt and X11 algos, especially X11, we had to make a decision on what to do with the farm.
The farm is about 70% ROI, consisting of Innosilicon A4s, Bitmain L3+s and D3s.
Total hash power around 11 GHs Scrypt and 350 GHs X11.
Keep or sell off the farm?
Conclusion: Keep the farm alive for special project, as long as the power stays cheap (ie. cheap Canada hydro power)
Special project:
Acquire LTC, ETC, RDD, XVG and VTC for long term.
Using prohashing.com, a Scrypt and X11 multi-algo pool, we portioned a fixed % for these 5 coins (to be auto-exchanged)
There are a number of other coins that prohashing can auto-exchange to, depending on your preference.
Too bad prohashing.com only supports Scrypt and X11 mining.
For more algos & coin pools, MPH is a good choice but it allows only 1 coin type to auto exchange.
you are looking to get some ETC for long term hold? I like it. what have you heard with ETC that makes you want to keep long term
VTC seems like it was pretty popular around here at one point.
RDD - i have tlook look into this one.
XVG - was a massive pumper earlier, i have some. you see a bright future for this one?
I respect your opinion a lot, always like to see why you like certain coins, etc.
This project was meant to repurpose the A4, L3+ and D3+, and accumulate selected long term coins outside of the group's core crypto portfolio - which is currently heavy BTC and cash. The SHA256 farm just hit 3.3PHs in January with last batch of A741s coming online. Meanwhile, AMD GPU farms are mining UBQ and Monero. Baikal and NVIDIA farms mining various algos to BTC and Equihash to BTC via
Bittrex, NH and MPH, respectively.
That leaves the the Scrypt and X11 farms, currently sluggish in terms of revenue contribution over power consumption, esp the almost worthless D3s unless a miracle happens. SO we decided to keep both farms (since power is still cheap) and use the revenue to auto-exchange to "under-valued" coins that we can hoard for long term like LTC and ETC.
DGB, VTC and XVG (may add ZEN too) are for short-long term cash out to BTC. Currently the coins have occasionally high profitability so we are just taking advantage of that but will exchange for BTC when the time is right. No special love for these coins, just being opportunistic and pure greed :-)
RDD is a "hail-mary" coin where -- one of my group member thinks that it will be the next DOGE. The whitepaper is very impressive, fits well into the tipping-coin ecosystem and we think its a good high risk high return coin. The group member has already about 4M of RDD when it was 24 sats and its now its around 90 sats - simply amazing.
Meanwhile, at the GPU farm... all but 8 rigs (out of 96 GPU rigs) are now fully riserless - based on Onda-D1800s, Colorful B250s and K35, 6 and 8/9 slots mobos. The remaining 8 rigs are on riser 12/13 slot mobos and was a bitch to setup. They are powered by 470s undervolted and super stable. Too lazy to test the Onda-250 v2 for hybrid setup... so I will leave them alone since all 8 are on beast mode without issues currently.
I would like to take this opportunity to thanks Phil and many group members for helping me out since 2015, from a humble 750MH ETH farm to what it is today. Too many ups and downs in this crypto journey.... you probably need to refer from Phil's first alt coin thread to read them all.
In summary, it was a good couple of years for us miners and let's hope BTC breaks 20k this year. Please ensure when that happens, you have a sizable BTC or coins stash to convert, fully protected by hardware wallets, 100% or near ROI your gears and own none or less power hoggers GPUs or ASICS.
Good luck to us all!