Recommendation ! Which coin do you recommend mining at 3000W free power output ?

philipma1957

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Quote from: FP91G on January 11, 2023, 05:55:31 AM

Quote from: dizzy90 on January 11, 2023, 05:18:03 AM

I've taken into account what you recommended. I'm not interested in investing in GPU's for mining. I decided to look for a few L3+ ASICs to cover the 3000W I have to spare, sound is not a problem as they'll be installed in a technical room where it is also cooler to help with the dissipated heat. Now I'll just have to find some affordable prices to buy them, and decide on which pool to connect.

By the way, how is this acutally working ? The ASICs are mining on SCRYPT and mine LTC and DOGE simultaneously ? And how are the rewards distributed usually ? In the wallet on a daily basis or is there another mechanism ? I ask because I intend on selling DOGE as often as I can, and holding LTC a bit more.

P.S. Thank you for the answers

About Merged Mining see this site
https://support.viabtc.com/hc/en-us/articles/900001530543-What-is-Merged-Mining-
Note:

1. LTC miners can earn DOGE rewards by selecting both PPS+ and PPLNS. There is no set distribution ratio for DOGE, and the settlement method for DOGE is PPLNS, meaning that rewards for mining in the LTC pool will be distributed to miners proportionally based on their real hashrate.

2. The halving of LTC will not affect the distribution of DOGE

I mine ltc/doge at that site. zero issues for years.

set to pps+ I have 10 L3+ they are missing a few boards.

if you do 3 or 4 you will be at 1.5 to 2.0gh of hash

my 10 miners earned about 10 bucks the last 18 hours
or about 13 bucks a day

FP91G

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Quote from: dizzy90 on January 11, 2023, 05:18:03 AM

I've taken into account what you recommended. I'm not interested in investing in GPU's for mining. I decided to look for a few L3+ ASICs to cover the 3000W I have to spare, sound is not a problem as they'll be installed in a technical room where it is also cooler to help with the dissipated heat. Now I'll just have to find some affordable prices to buy them, and decide on which pool to connect.

By the way, how is this acutally working ? The ASICs are mining on SCRYPT and mine LTC and DOGE simultaneously ? And how are the rewards distributed usually ? In the wallet on a daily basis or is there another mechanism ? I ask because I intend on selling DOGE as often as I can, and holding LTC a bit more.

P.S. Thank you for the answers

About Merged Mining see this site
https://support.viabtc.com/hc/en-us/articles/900001530543-What-is-Merged-Mining-
Note:

1. LTC miners can earn DOGE rewards by selecting both PPS+ and PPLNS. There is no set distribution ratio for DOGE, and the settlement method for DOGE is PPLNS, meaning that rewards for mining in the LTC pool will be distributed to miners proportionally based on their real hashrate.

2. The halving of LTC will not affect the distribution of DOGE

dizzy90

newbie

Activity: 3

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I've taken into account what you recommended. I'm not interested in investing in GPU's for mining. I decided to look for a few L3+ ASICs to cover the 3000W I have to spare, sound is not a problem as they'll be installed in a technical room where it is also cooler to help with the dissipated heat. Now I'll just have to find some affordable prices to buy them, and decide on which pool to connect.

By the way, how is this acutally working ? The ASICs are mining on SCRYPT and mine LTC and DOGE simultaneously ? And how are the rewards distributed usually ? In the wallet on a daily basis or is there another mechanism ? I ask because I intend on selling DOGE as often as I can, and holding LTC a bit more.

P.S. Thank you for the answers

fmz89

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Quote from: dizzy90 on January 09, 2023, 06:01:34 AM

I'm looking at buying an ASIC but not sure if they're still profitable. I finished building my house and have 3000W surplus to use from solar panels. Which coins should I consider mining when I have 3000W free power for usage ?

Doge is better at short term mining, for long term bitcoin is suitable, skip gpu mining at the moment nothing can replace eth, wait till miner sell all their gpu, so less hashrate in gpu mining good for starting again, bitcoin asic tend to be mature in term price/performance, recommend to buy liquid cooler version, cus the noise from the fan is unacceptable for small home mining

outlawgr

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If you have Nvidia gpus take a loot at mineable punks
https://bitcointalksearch.org/topic/nft-mineable-punks-nft-mine-mpunks-with-your-gpu-5427612

philipma1957

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'The right to privacy matters'

two L3 + burn 1500 watts they earn 90 cents in ltc and 1.80 in doge total 2.70

they are up in price a bit maybe you can find two for 500 total maybe 600.

with 3000 watts you could go for four of them.

maybe you can get four at 1000 dollars.

https://www.ebay.com. has some under 300

https://www.ebay.com/itm/Bitmain-Antminer-L3-504mh-s-Used/195516314731?

this seller has them at 225 or best offer.

i think if you buy three he would take 600 maybe less.

you would need a psu.

let me find some.

https://www.ebay.com/itm/APW7-1800W-Power-Supply-for-Bitmain-Antminer-APW7-12-1800A3-/404099334556?

swogerino

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Bitcoin Casino Est. 2013

Quote from: dizzy90 on January 09, 2023, 12:28:51 PM

I share the same opinion to be honest, but I posted in the altcoin section because I'm a bit worried about this increasing difficulty in mining that I keep reading about. And I can only imagine it will continue, I'll look into how much can it earn, given the fact that I didn't took into account mining posibility I'm left with this outpot power, basically everything will be in profit because the investment was not for mining itself. A "friend"of mine is mining on SCRYPT (LTC+DOGE) and makes around 1.8$/day, I'm not sure what device he is using though.

I think he is using any Antminer L3+ because the other one,the L7 the new device at 9500 Mhsh should do fairly better than 1.8$ dollars daily by mining both LTC+DOGE which is common from people using these kind of devices.Now that I see the profit of the L7 device it is near 14 dollars daily so most likely your friend is using either an old version of Antminer like L3+ or some of the new mini miners that have come out like Apollo and the likes.The Antminer L3 in fact is in red and it can make you almost -1 dollar daily so most likely your friend either has free electricity or one of the new mini miners.

dizzy90

newbie

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I share the same opinion to be honest, but I posted in the altcoin section because I'm a bit worried about this increasing difficulty in mining that I keep reading about. And I can only imagine it will continue, I'll look into how much can it earn, given the fact that I didn't took into account mining posibility I'm left with this outpot power, basically everything will be in profit because the investment was not for mining itself. A "friend"of mine is mining on SCRYPT (LTC+DOGE) and makes around 1.8$/day, I'm not sure what device he is using though.

swogerino

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Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: dizzy90 on January 09, 2023, 06:01:34 AM

I'm looking at buying an ASIC but not sure if they're still profitable. I finished building my house and have 3000W surplus to use from solar panels. Which coins should I consider mining when I have 3000W free power for usage ?

Bitcoin I think would be great with a S19 which consumes about just over the 3000 Watt at 3250 Watt but of course I know that there are better coins to mine with such device that use the same hash algorithm as Bitcoin,you can check on whattomine website or minerstat website,both give you a very good indicative approach to which coin is the best to mine.

However I would still suggest you Bitcoin because in the long term you can never go wrong with the king of all cryptocurrencies.

dizzy90

newbie

Activity: 3

Merit: 0

I'm looking at buying an ASIC but not sure if they're still profitable. I finished building my house and have 3000W surplus to use from solar panels. Which coins should I consider mining when I have 3000W free power for usage ?

Topic: Recommendation ! Which coin do you recommend mining at 3000W free power output ? (Read 181 times)