/biz/ - Business & Finance

The A3 and E3 are unironically great buys. Anyone who says otherwise has a labyrinth of GPUs within sight

>>9037890
its a neat fact. it was exciting to do the math the first time and find out GPUs would pay for themselves in 3 months, then have to debate buying the cryptocurrency up front because it would grow so fast that it rivals a 3 month mining ROI. fun stuff.

>>9038009
lol, that 3 month ROI didn't last long, now its like 1.5 years for most gpu

ASICs are bad for the most part. Usually, you have to be in the first batch to be profitable. People who buy too late end up with loud and hot paperweights that make a few dollars a day in profits. All of the Bitmain ASICs are currently making less than a 6-card GPU rig.

ASIC mining also doesn't give you a hedge like GPU mining does, because the value of the ASIC is entirely dependent on the value of the coin. GPUs, on the other hand, have value that is independent of the coin. With ASIC mining, you are essentially buying the coin, which is not true for GPU mining.

ASICs are also extremely loud. You can't run them in a home.

The bottom line is that ASIC mining is almost always a terrible investment unless you are operating on an industrial scale and can store them in a place where the heat and noise won't be noticed. You need to order thousands of them because after a few weeks, they only make a few dollars a day. It's not worth going through all the effort for $10 a day.

The only people who really benefit from ASIC mining are the people who make the ASICs. A casual miner buying an ASIC is a sucker.

>>9037890
That price of electricity is only found in shitskin countries. Are you a shitskin OP?

Let's make this a real mining thread, currently on sumokoin and zencash, going to switch the 1070s to eth now

>>9038098
btw just finished selling my s9s to boomers for 3k lmao, still had 1 hanging around, but this garbage was barely paying for electricity (not to mention the noise)

>>9038009

Can you reliably double your daytrading money every two months???

>>9038067

a 70% (maybe) hedge of the GPU doesn't really offset the fact that it only turns out less than a dollar a day compared to 8 by the asic imo

>>9038098

0.08 was the price in that calculation. On the lower side of Average for Texas.

>>9038098
that crooked radeon is triggering me

>>9038195
yeah me too, the plastic thingy holding it in place melted

>>9038173
>0.08
Well, I pay 0.22/kw so I had to stick to gpus, much more efficient. If someone could provide cheap electricity, I would gladly buy 100 antminers v9 and give away half the coins

>>9037890
If you want a consistent and reliable $3k a year, get a part time job at McDonalds

>>9038098

How much are you making per GPU profit per day?

The S9 13TH is selling for 1200 on bitmain right now with an included PSU

The calc on the pic is set it .1 per kw/h

Can you say that 1200 on a mining setup with those 1070s would pull more profit? How much is are your 1070s pulling under load?

>>9038274
It would be semi compounding since I get the money back quickly? Real estate gives like a 6-10% roi per year right?

>>9038173

>Can you reliably double your daytrading money every two months???

every 3 months. at current prices ethereum has more than doubled every 3 months since january 2016.

>>9038307
This is for the 6x vega rig + 7x570 rig

>>9038563
this is 1 7x 1070 rig
There is another 7x 570 rig missing that is currently pointed at ELLA.

>>9038591

500+ times 7 for the cards alone?

4k on a system that makes 300usd/mo

1year-ish ROI

assuming you can get around 3k back from selling them used you still end up with an roi of like 7-8months. Which even at your power prices is nearly twice as long as the asic route. Did I miss something? That just seems a lot less lucrative and a lot more work. I was pretty generous with all of my numbers too

Thanks for helping dude, I'm trying to find my foot in the door financially. Still a bit young

>>9037890
because i'd be cucked beyond recognition by electricity costs

If I have solar, and the electricity isn’t insanely expensive, what would be more advantageous, to buy an Ls3+ and a few GPUs or to buy two LS3s?

Alternatively, should I just wait for the next batch of ASICS to arrive?

>>9037890
ok then buy mine.
Here's my brief review of the a3:
>there are only a couple of pools that having working support for the a3, and are still partially broken
>different chassis design from bitmain causing multiple issues
>hash boards are mounted with large tolerance (loose)
>top vents and enclosure of the control board results in way lower pressure than the s9. don't even think about inline fans
>seems to be very unstable when underclocked

it's shit, there's a reason they are so cheap. fan pressure is too simply too low, there's no way you could run them in the same setup as s9's because they would overheat.

>>9038098
>in eastern washington it's half of that
>shitskin country

>>9038784
great thread op, looking into the S3 now...wonder if i could run them off a water wheel.

>>9038307
I don’t have time to explain, but the ROI is far longer than 3months on average in reality.

>>9038139
what did you think of the s9?

>>9039078


Have you tried mining pool hub? I was going to use awesome miner with mining poolhub and just auto convert to litecoin.

I don't really plan on underclocking

can't you just plug up those vents with playdoh or something?

Would you recommend if I was going to put it in a place I didn't live and just leave it there until it doesn't turn a profit?

>>9039055
Have something like this at your disposal do you?

kek

>>9039197
>>9039197
>>9039197

RIP bitmain for that monero fork

here's the website I was using if anyone cares.

https://www.asicminervalue.com

custom price for electricity is a the footer of the page.

>>9037890
Because we are busy operating our ASIC's. We have almost 100 S9's ATM.

>>9038173
We pay 2 cents a KWH in the south because our mining warehouse is located in an industrial zone. We make a fuckton of profit.

>>9039183
haven't tried that pool. The only one I know works for sure is nanopool, but the web interface is broken (doesn't read pending earnings).
if you plugged the vents, the control board would overheat. s9's control board and every other model is installed on top, not inside the chassis.
If you run one miner unattended with adequate ventilation it should work ok.
If it's an average sized us house where you can set the fan on continuously without the heater there should be enough ventilation for 1 miner.

>>9039236
how long have you had the s9's?
How do they run for you?

>>9039388
Received in the first of the year, as I said in a comment above, we pay 2 cents a KWH and the electrical infrastructure for 220V was already here. We are profitability almost no matter what.

We also run a couple L3's and A3's. We have a random s9 or two solo mining DGB because the block reward is $26 (iirc) and that exceeds daily mining profit of just doing straight pool mining.

Overall pretty fun, we also invest mining profits straight into shitcoin pumps.

>>9039170

I would assume that true if it was the projected ROI for the first wave of asics on that algo and the hashpower was rapidly growing. But while it is increasing it isn't going to rocket up anytime soon.

>>9039236
>>9039326

calc'd with .02 kw/h I want to believe that true, really impressive anon. Nice.


>>9039357
Thanks for taking your time for me, I usually try and mine on MPH, it works with profit switching programs although I've been on equihash and monero for a month or two now. But it's different from nicehash in that you get payed in the coins you mine. It also acts as a wallet for all the coins and can autoexchange mined coins for coin of choice for a low fee.Works really well with awesome miner

And I actually plan on running this thing in a closet that's in a hallway that I'll keep half open. My house usually stays pretty cool at like 72-4 in the summer. Hopefully I'll make enough money from it before the end of they year to buy another asic of some sort to go along with it.

>>9039482
There is a guy in town who is trying to set up a mining warehouse like us but he can't find any industrial zoned property and the energy company isn't letting him get that cheap cheap energy we get. We received our first energy bill in like February and we were shocked at how cheap it was honestly.

>>9039482
forgot pic if anyone else cares. Currently selling for 1200 on bitmain with the PSU. My current goal atm in life is to get through college while setting up passive income. How much did you pick these up for?

>>9039518
Such a good find, how did you end up getting that info lol? That must have felt really good when you realized it was that cheap.

>>9038784
You forget one thing. A single week of mining rvn is now worth 2k and almost paid off the rig. I mine fesh shitcoins 1 week/month. Some die like turtle, some boom.
>tfw still holding 5mm trtl

What is the best mining equipment if electricity is free?

>>9039657
Depends, is it free shitty standard 110v home outlets? Or is it free 220V with infrastructure to support 100 miners.

>>9037890
OP as a miner myself I have this piece of advice. People tend to focus too much on the money generation as opposed to the opportunity costs. There is a very good chance you can make the same or more money just taking the cost of the miner and just putting it into coins. To me this is very similar to the buying real estate vs putting money into the stock market scenario. You can make a shit ton of money and passive income owning real estate but it is very dependent on the individual. There are many people who are better off just investing their capital in the markets without having to deal with the hidden costs, taxes, repairs, and active work that inexperienced people forget about. Like many of the posters said you should really crunch the numbers. I personally mine because I like to do it as a hobby and I like the tech, but my net profit isn't so eye-popping and I don't have the money or time to just have a warehouse filled with miners.

>>9039680
Triphased 220V

>>9039680
90kW

>>9039688
this, also automated trading is more profitable than either

>>9039657
Antminer v9/old radeon r9 cards

>>9039729
Imagine mining pure profit and dumping it into an ez PnD and making a fuck ton of money

do you fags realize only one profiting from this is bitmain
they use the miners for months before they start selling them and after they make initial profit they start selling this "brand new miner" which might stop being useful before you even mine your money back

>>9039731
>>9039657
I'm the guy with almost 100 miners, I'll sell you my MSI R9 390. It comfortably OC's to 1145 w/ no voltage increase. Gets 30-32Mh/s @ 68-72C

>>9037890
nobody wants to buy you asic bags, fuck off and die

>>9039743
no I only trade legitimate coins

>>9039622
That's for sure what I missed. I can see the appeal now.

>>9039688
I had considered the cost and trouble associated with setting up everything myself. Like you said, I mainly want to do it for a hobby. For a good while I think I'm just going to put the money back into it.


>>9039729
automated trading as in setting stop limits on binance to help you trade? Or like scripts that do this for you? Where would one even go to learn more about this now that you sparked me?

>>9039731
Thanks. I know almost nothing about mining, but since I managed to have good free electricity legaly I would be dumb not to do it. Can anyone else make another recommandation?
>>9039657
>>9039697

>>9039888

chek'd

I'm only a 2gpu smalltime guy atm but I'm actually planning on buying the device in my OP post.

It's only 700$ and I honestly don't think you could get near the profit it has for the price. It would give you like 11$ a day profit you electricity is actually free.

>>9039880
It's a few programs that collect data, calculate prices and place trades. There is an extreme abundance of extremely low quality trading strategies posted online and a good chunk of them are automated. It's more common for forex though.

>>9038067
They all cost less than a six gpu rig too, and they mine coins that have much more stability and long term value generally bthan the shitcoins you mine with gpus. And they are way way way way easier to manage than gpu rigs, and now that asic resistance was conclusively proven a meme with the death of cryptonight, everything pow is going asics anyway.

>>9039986
My electricity is free, but since it's free I don't care about the power consumption, only the hashrate/price ratio.

>>9040109


0.01 was the lowest it would let me put the electricity cost so you would make like 1.5k a year with one of these D3's and they're 160-200 ea shipped I'm pretty sure.


https://www.thecoinoutlet.net/product/bitmain-antminer-d3-19-3-gh-s-apw3-power-supply-included?gclid=Cj0KCQjw5fDWBRDaARIsAA5uWThwsWsETzFg4bj82p8fUtAp-QTa2pmO9SYF9c2JwhDCkzIOQjbJpYgaAhF7EALw_wcB

The link to where I found them.
Maybe someone else knows something too.

>>9040203
wait, I'm a fucking idiot. 1.35k lmao mb

>>9040203
Thanks Anon I'll look into this