Crypto mining - GPU vs ASIC ?

[LighT.']

Hello guys

Anyone here mining crypto? I was wondering which one is better, GPU or ASIC mining? Let's say, you have a place where electricity is really cheap, and want a safe stable mining. Is it better to go for example: Bitmain antminer s9? Let's say I buy 25 of those. I setup and run them, you would get a pretty good income per month, especially if the electricity is cheap.

The con of ASIC mining is I guess, you can not mine many currencies. With GPU, you can mine almost every altcoin. But, GPU holds it value overtime, you can sell it later on.

I heared that ASIC mining rigs lose their value drastically, if a newer and better version of it is released? And does anyone know, how long it lasts approximately?

So, if you have a place with pretty cheap electricity, and a cooled room, is it better to go with ASIC miners? Or still choose GPU build?

Regards

LighT.'

[Sundayo]

hi, forget mining, its too late for you. Unless you want to invest like 20-30 millions of usd right away. Those days where you were able to mine crypto with few rigs are since very loooong over. Sry pal.

cheers

[LighT.']

Originally Posted by konnichi

hi, forget mining, its too late for you. Unless you want to invest like 20-30 millions of usd right away. Those days where you were able to mine crypto with few rigs are since very loooong over. Sry pal.

cheers

Alright, but could you explain why? And what about ASIC Miners?

regards

[RockSolid]

Well he is kinda right, but not really you can still get a really good passive income with mining rigs. and you basicly answerd you question by yourself,yes gpu is better for more options to mine, also better to resell "guess now is the perfect time many ppl sell there gaming gpu for the new ones so good chance for getting some cheap". but i atleast would not invest in any kind of mining rig in the status of right now because we have a low market right now just invest your money straight into cryptos = less work/more profit then with mining. but if you REALLY want to do mining always go for gpus.

[LighT.']

Originally Posted by .Roocky'

Well he is kinda right, but not really you can still get a really good passive income with mining rigs. and you basicly answerd you question by yourself,yes gpu is better for more options to mine, also better to resell "guess now is the perfect time many ppl sell there gaming gpu for the new ones so good chance for getting some cheap". but i atleast would not invest in any kind of mining rig in the status of right now because we have a low market right now just invest your money straight into cryptos = less work/more profit then with mining. but if you REALLY want to do mining always go for gpus.

I see. I have already invested some money into crypto itself and been hodling now over a year. But the reason i started to think about mining is, the electricity in that country costs only 0.081 euro/kw. So if you invest in mining for long term, shouldnt you get some good profit out of it? The only thing that makes me wanna do it is the price of the electricity. In europe, i wouldnt even bother investing for mining rig.

[Sundayo]

hi;
LighT, tell me what numbers are we talking about? Which hardware would you buy, which coin would you mine?
There are tons of websites, where you can calculate profitability. Like this one:



or this one:




I made a simple calculation:
I took 3 Antminers S9 with 13,5 TH each, at price of 1300€ per device. Electricity: lets say 0,1 USD/KWH.

So, according to those websites, you would earn 0,9 USD profit per day. Which is simply stupid if you ask me. 2-3 months later, you make only LOSS. Because coin difficulty will raise and your mining hardware will be absolete.

I took Bitcoin for mining as for example. Because its most stable coin of all of them. Other coins are of course more profitable. But they are unstable and risky.

I would not invest into mining, unless you had elec. costs under 5 ct/KWH and you would have a hardware for mining which had about 750 TH of power.

take care and don't waste your money, thousands and thousands for stupid mining hardware, where its better to invest into Crypto coins directly and HODL for massive profits

[.Cab]

Mining is still worth it... not like the good old days.. but duh what would you expect. Mining with XRMiner for smaller newer coins is still very viable.

[[Cyberos]]

You can also invest in a mining pool its not so expensive. I earn atm 2 - 4% each week.
Its not so much but safe

[RockSolid]

Originally Posted by [Cyberos]

You can also invest in a mining pool its not so expensive. I earn atm 2 - 4% each week.
Its not so much but safe

What mining pool did you invest int to get a revenue of 4% each week?

[LighT.']

Originally Posted by konnichi

hi;
LighT, tell me what numbers are we talking about? Which hardware would you buy, which coin would you mine?
There are tons of websites, where you can calculate profitability. Like this one:



or this one:




I made a simple calculation:
I took 3 Antminers S9 with 13,5 TH each, at price of 1300€ per device. Electricity: lets say 0,1 USD/KWH.

So, according to those websites, you would earn 0,9 USD profit per day. Which is simply stupid if you ask me. 2-3 months later, you make only LOSS. Because coin difficulty will raise and your mining hardware will be absolete.

I took Bitcoin for mining as for example. Because its most stable coin of all of them. Other coins are of course more profitable. But they are unstable and risky.

I would not invest into mining, unless you had elec. costs under 5 ct/KWH and you would have a hardware for mining which had about 750 TH of power.

take care and don't waste your money, thousands and thousands for stupid mining hardware, where its better to invest into Crypto coins directly and HODL for massive profits

This is a pretty good overview, thanks. I would mine mainly btc only, thats why i was thinking s9 would be a better choice. Like i said, electricity costs 0.081 eurocent, thats like 0.091 usd per kw. The antminer s9 costs here 800 euros. So lets say, 15k euros on antminers, 2k for semi big garage which is cooled by airco(s). I did calculation on the second link of yours, and this is the result for 1 antminer:

 Spoiler

. I dont see where u put the price of the antminer though, on both of the links.

regards

Originally Posted by [Cyberos]

You can also invest in a mining pool its not so expensive. I earn atm 2 - 4% each week.
Its not so much but safe

Which mining pool? I know slush which is the first mining pool. But i read that there are also some private mining pools but hard to get in, unless u meet the 'leader'.

[Sundayo]

hi,
so according to your calculation you would earn 0,8 USD a day. At 800€ investment this is way too low.
Keep in mind, that mining difficulty rises, and you make make NO profit in 2-3 months from now on.
Be extremely careful when investing into it.

And on top of that, everyone who owns an antminer and knows its profitable, do you really think they would sell it off? Nope! People sell it only because they KNOW they will make losses very soon.

Oh boy, you will lose so much money if you get that ****
Don't do that

[LighT.']

Originally Posted by konnichi

hi,
so according to your calculation you would earn 0,8 USD a day. At 800€ investment this is way too low.
Keep in mind, that mining difficulty rises, and you make make NO profit in 2-3 months from now on.
Be extremely careful when investing into it.

And on top of that, everyone who owns an antminer and knows its profitable, do you really think they would sell it off? Nope! People sell it only because they KNOW they will make losses very soon.

Oh boy, you will lose so much money if you get that ****
Don't do that

I don't know if I made that calculation correctly but it is **** low indeed.According to these calculations totally not worth it.

[Sundayo]

hai,
why you just wont invest into crypto directly? Get BTC, NEO, LTC, Monero, or something else, and HODL

[LighT.']

Originally Posted by konnichi

hai,
why you just wont invest into crypto directly? Get BTC, NEO, LTC, Monero, or something else, and HODL

As I said before, I have. Invested in BTC, NEO, ADA, VEN.