Topic: Suggestions for a newby with free electricity! - page 2. (Read 508 times)

If you decide to go the GPU route then go for some old RX 470 or RX 570 GPUs which are dirt cheap now second hand on craiglists or eBay.

You can buy them for like $75 and in a year or so probably get back the entire $75 or at least $50 or so, so it's the safest route if you decide mining is not for you.

ASICS are easier to manage but keep in mind that they can go down in value very quickly if the markets turn and become doorstops.

You can let me have all that free electricity. I really need it. 

take the s9 or the watsminer m3. m3 will be cheaper almost 3 times. even though they are greedy but are stable

depends on what your budget is - you can get Bitmain's S9's for a few hundred bucks easy - and with free electricity and depending on which S9 you get (they can have speeds from 13 Th/s up to 16 Th/s) you can make about $100 per month for each S9 --- make your ROI on the miner in 2-3 months but as you have the place for at least a year, you will make your money back easily.

get 5 of them and make $500 a month - well, it does change based on BTC value and difficulty, both change constantly - and the rewards will half around May 2020 as well, but if BTC value goes up the halving will not hurt as much.

Thanks - any suggestions of a good ASIC to start with?

Asic are probably the way to go indeed. Hookem up and your good to go, no wasting time setting up mining rigs.

if the electricity is free - then pop in a few asic's and you will make ROI easily

if you have to pay for the electricity - then it really depends at what rate you are charged for said electricity.

Hello Everyone,

I just moved into a home office to cut down on ridiculous commuting costs but have a rental agreement for the old place until December 2020. It costs me £500 per month so a friend suggested I set up a few low cost devices to mine crypto to claw something (anything!) back. I know, I'm very, very late to the party but without an option to sub-lease the office, its doing nothing and I cant see anything in the lease agreement about fair electricity usage that suggests I cant do this.

Having briefly researched the market, I see that, among the sea of sharks promising $$$ per day, most sensible people suggest this is not the best of time to start this. My goal would be to build up any funds that would cover ROI + a little to take the sting out of the £6K loss. I have only ever invested in crypto before, never mined.

Would anyone be willing to suggest a few ideas of reasonable ( ) equipment to get started with? I see many of the altcoins have taken a battering recently so would appreciate what the experts in the community suggest about what to start with. Open to any suggestions.


Thanks for taking the time to read this!


Cheers!  
  

20/08 - THANKS EVERYONE WHO HAS RESPONDED. I AM TAKING IN YOUR THE FEEDBACK. THINK I WILL SET UP BOTH ASIC AND GPU'S - NOISE COULD BE AN ISSUE FOR THE LATER. JUST LOOKING AROUND THE $5k MARK TO START OFF.