Trying to have my first bite of Asic miners, so excited

Coinfarm ventures

full member

Activity: 182

Merit: 152

Quote from: 5W-KILO on April 20, 2022, 02:10:28 AM

I don't have a choice, in my country Grid power is not reliable, im talking about 4 hours of Grid power per day, this is discouraging for crypto miners like myself, the only option is building a solar panel which cost me some money, 3.5KV inverter and 12 pieces of 250watt panel with 4 pieces of. 220AH batteries. This is my power source for my ETH farm but now I've get 400watt panels to expand my farm for asic.

That sucks. I think low-power ASICs like Goldshells or more GPUs are a better choice because you can fit more investment into that power capacity. If money is a problem, though, and the grid power is cheap, maybe you could buy some used Bitmain S9j's then run them for 8-14 hours a day or whenever you have power.

5W-KILO

member

Activity: 234

Merit: 35

Moon.win

Quote from: Coinfarm ventures on April 19, 2022, 10:54:42 AM

I don't really understand why you bought solar panels... usually, the payback period on the actual ASICs is much faster than on solar arrays. What's the grid power cost in your area?

Personally, I think GPU mining will be alive until the end of the year. ETH PoS has been delayed to Q3 at the earliest. GPU returns are much higher than ASICs.

I was thinking of getting into ASIC mining, too, until I realized I would have to rent a small warehouse. Even then, the 100-150 kW of power capacity would only be enough to run 30-40 T19's. It would take 4-6 months to have the utility upgrade the power supply to 500 kW, and that could cost tens of thousands of dollars.

So now I'm considering trying to start it as a GPU warehouse, then converting to ASIC right before PoS. I have much more experience in GPU mining after all.

I don't have a choice, in my country Grid power is not reliable, im talking about 4 hours of Grid power per day, this is discouraging for crypto miners like myself, the only option is building a solar panel which cost me some money, 3.5KV inverter and 12 pieces of 250watt panel with 4 pieces of. 220AH batteries. This is my power source for my ETH farm but now I've get 400watt panels to expand my farm for asic.

SDRebel

hero member

Activity: 571

Merit: 507

it's a shame that ASICs got too big. Loved my antminers S3+ , but now...i don't think there's any decent ones for a regular 120v circuit.

Coinfarm ventures

full member

Activity: 182

Merit: 152

I don't really understand why you bought solar panels... usually, the payback period on the actual ASICs is much faster than on solar arrays. What's the grid power cost in your area?

Personally, I think GPU mining will be alive until the end of the year. ETH PoS has been delayed to Q3 at the earliest. GPU returns are much higher than ASICs.

I was thinking of getting into ASIC mining, too, until I realized I would have to rent a small warehouse. Even then, the 100-150 kW of power capacity would only be enough to run 30-40 T19's. It would take 4-6 months to have the utility upgrade the power supply to 500 kW, and that could cost tens of thousands of dollars.

So now I'm considering trying to start it as a GPU warehouse, then converting to ASIC right before PoS. I have much more experience in GPU mining after all.

5W-KILO

member

Activity: 234

Merit: 35

Moon.win

For the first time in my life, I've finally made peace with Asic Miners, I always hate this piece of hardware for one reason, power consumption simply because im running my ETH mining rig on solar panels but I find out that my hate was all because I don't have extra power or solar panel to power Asic miners, now I made enough $$$ from crypto trading and I've ordered for more 400watt monocrystalline panels just for Asic mining only, what is the best Asic miners that I can buy for solar panels? I am hoping I can find something that uses 1200watt to 2300watt only unless the Hashrate is bigger, thank you

Topic: Trying to have my first bite of Asic miners, so excited (Read 147 times)