Bitcoin Mining Hosted ASICs vs. Mining ETH Home GPU Rig
Mining Bitcoin USA Hosted ASICs
First screenshot is an estimate of expected payouts in dollars today mining bitcoin with 8 good Asics running 784TH in hosted facilities with cheap power. Totally hands off taking just a little rented rack space and zero time commitment.
The 6 cents KWh is the total hosting cost which includes power. Cost for the 8 hosted BTC miners I ordered from a USA based Bitcoin mining company over a few months totaled $47,200 upfront with a further $15k to pay off over 5 months next year. All in $62.2k. 6 of the S19j Pro 100TH Antminers were in a bulk deal bundle. Those 6 cost only $8k each.
Profit = $261.60 worth of BTC today.
Mining Ethereum Home GPUs Rig
Next is a decent prebuilt rig with 8 good GPUs and all needed accessories ready to plug in offering 950MH and power at typical American household cost of 12 cents per KWh mining ETH. These rigs require a steep learning curve to service and maintain plus lots of time and space somewhere in your secure home. They probably included about $10k in time value to the price so you could likely give up lots of time and source it all on your own and shave off 25% or so of the price. I used ebay and Cryptocompare.com for this.
$39k cost for $70.45 profit today.
This means someone would need almost 4 of these rigs with an approx upfront cost of $160k of hardware and time or 32 GPUs in some combination to equal the same payout in BTC per day. This isn’t even considering the hundreds of hours it would take to maintain and service them for the long run. Time is money.
I also am not a fan of most alt projects. Most are scams so why support them hashing out there cukkocoin or ravencoin or similar?
My mining with ASICs directly supports Bitcoin made in the USA.
I am Bitcoin.
I support it and invest in it and like for my investments of time and money to protect and secure it.
You may convert vertcoin, bubblecoin or whatever to bitcoin easily but that wouldn’t leave a good taste in my mouth at all. I want those projects to GTFO. Most Altcoins just pollute the space. The founders who profit most off your mining and creating those coins deserve nothing. Mining alts does not support Bitcoin. Actually I’d even say mining alts for the teams that created them only perpetuates the scammy bs in this space. You’re really just printing money for “them” in the end for a little slice.
Bitcoin doesn’t have a “them” team of scammers running it and profiting off of it.
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