Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: sugarchrisp on July 21, 2018, 07:53:07 AM
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I've been monitoring this website: https://www.asicminervalue.com/ for a while now. It shows the current daily profit of various ASIC crypto miners. I don't really understand how these things could be so profitable, it seems almost too good to be true. I've also heard from a friend that you can make a mining rig that's pretty expensive (upwards of $15,000) to mine with and he said $300 daily profit is possible, though it'd consume a decent amount of power as well. Could anyone direct me somewhere I can learn more about this? Or possibly explain it here? I want to build a mining rig that is capable of producing such numbers, but as a starter I'm still very interested in purchasing a couple Innosilicon A9 ZMaster that's listed on asicminervalue.com as well. Does anyone have experience running these things and could maybe provide such advice? I'm not in any rush really to get into this, but I want to be ready before the next mining ASICs are released so I can get in on it right away. Thanks in advance, this forum is wonderful <3
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If you live in a country with very cheap electricity or have access to other sources of energy, yes it's possible to make good earnings with ASIC Rigs.
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What is considered cheap electricity? I pay $0.08 to $0.10 USD per kWh where I'm at, usually below 10 cents on average.
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Is mining with the Asic Rig really that easy to do? Have you ever tried it @ Claudio2? I want to try it but the electricity supply in my country is expensive. And I am hesitant to screen because many people say mining is difficult.
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@third, I think now the bull market is coming. The market has shown a change from the red zone to the green zone. Although not too significant, but I'm sure this is a bull market moment. This is different than last August, where all the coins are stable in the red zone.