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2 sats \ 0 replies \ @NicoHeatingBTC 7 Apr \ on: Is it still profitable to mine Bitcoin? bitcoin
If you use the waste heat for something, then profitability becomes extremely competitive with the large scale miners :)
I bought from these guys! Still have my telegram chat with Alex! Haha. Really recommend them. The miners I use to heat my house were bought through them! Thank you Alex and kaboomracks!
In that case, your main goals should be generation efficiency, noise, and cooling. Immersion would be the best bet for the other two, but if you want to scale up, the oil coolant is very expensive.
There are people that run miners directly from DC voltage which greatly helps with efficiency.
Also, try to find used panels to start. Solar panels are a deflationary technology and will continue to get better with time. I hope to follow your progress!
Hi! To your bullet points:
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The most efficient one you can buy. If you want to do some custom work, look into running them directly off DC power to avoid losses.
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1 Mining rig can run off a generator, they use around 3kw, depending on the model. So if you want that running all day, 3 * 24 = 72kwh per day.
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If you are running air cooled, you will have to clean out the miners, they will get very dirty. If you are running immersion, you will have to keep the radiator clean from debris.
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Try this all on a small scale first and scale up!
I mine and am happy to answer any questions you may have as a follow up
Great questions!
I run them overclocked for the extra heat. They run slightly less efficiently this way but it doesn't matter since the house needs to be warm. I also want to stack the max amount of sats I can before the halvening. Once that hits I will run them as efficiently as possible since the heat will be exhausted anyways. The overclock setting I'm using now is built into the stock firmware so I'm thinking it's within the machines capabilities.
As far as the noise, I ran them stock while building the system. It was equivalent to about 2 vacuum cleaners running all the time. Now that they are immersed, the only sounds are the pumps and they are essentially silent!
Thank you! I have been researching solar but my place is not great for it. I'd also have to cut down my neighbors trees and it would cost probably double what I spent on the project to do. Once this stuff gets cheaper and better, then I will definitely try this. Or if I move and do a v2 system
Thank you! I am very blessed to own and be able to do this project. Timing is so important in the real estate market
This will be one of the most obvious transitions. We will look back and wonder why we paid to heat things without bitcoin miners. Thank you!
Great question, this has been running nonstop for a bit over a month now. SO FAR it has been fine. I have a few of the tiniest leaks in some spots but nothing for concern yet. The machines themselves should be fine, everything is solid state, no moving parts, and they at at temperature 24/7 which is prefered.
If it ever gets too cold or I need to do maintenance, my old oil boiler is in parallel and can take over
Lets GOOO, @DarthCoin saw my post!!!!
Way back in like 2014 I had a usb Antminer U2, LOL. I never got any of the sats I mined with it but it was neat. Other than that, no mining experience until this project and doing the research. I was freaking out the day I hit "buy" on the miners, since that meant I had to commit all the way till the end. This whole project was trial by fire haha
I would love to work in the mining industry, if anyone sees this post and wants to get in contact!