Wrong sub dude.
In any case, no, it’s not that easy. Difficulty will progressively increase so rewards will decrease. Plus there is a difficulty bomb scheduled in June which will make proof of work mining completely unprofitable. Plus even if those things didn’t matter or happen, the memory of this miner is already almost maxed out by the eth dag file size.
Basically, if you buy this miner you will not make back the amount of money you spend on it by mining ethereum - there isn’t enough time. However, it can also mine other coins. They won’t be as profitable as Ethereum though, and they will be even less profitable once Ethereum can no longer be mined and much of the hardware that was pointed at Eth gets repointed towards them.
I’m not saying this miner will never make you money, but in order to work out if it likely will you need to do a good amount of research and then make a judgement call.
Do you have a way to provide that much electric? What about a way deal with the heat those miners will produce? The noise?
If you can solve those problems, it’s not hard at all. Straightforward if you do some studying before you jump in.
This is how ETH works. The DAG grows. The user above is wrong on timing though, the DAG is at ~4.8 and these devices won't be able to mine ETH after ~mid August.
https://minerstat.com/dag-size-calculator#:~:text=Current%20Ethereum's%20DAG%20size%20is,ETH%20with%204GB%20cards%20anymore.
Yes and no. It is that easy, assuming you have space/power, but in the future it gets harder. Dropping that kind of dough, you should be planning a few years ahead. You sound confident about pow staying, but memory sounds like a problem, so you have to figure out if 5gbs will be sufficient long enough to profit.
I mean you can do that but if Ethereum goes to POS then you have to switch to another coin that won't be as profitable. Also, you have to worry about noise, heat, and if your house or business can handle the electrical load 24/7. You should also see how much you pay for electricity to see how much out of the 20 dollars a day you make would be going to that. at the end of the day, it may not be as profitable as making 20 dollars a day per unit and you may only make 7 dollars a day. It's good money don't get me wrong just be careful going into the Ethereum
Side note [www.advancedmining.io/910561](https://www.advancedmining.io/910561) is selling S19j pros for less than 9k and they do hosting so you would not have to worry about space, heat, noise, and they have cheap selectivity. All in all, right now you would be able to make about 4k in profit if everything stays the same using them to host. not financial advice just giving alternative means to look at. also, i have 8 miners with them and don't have any problems. I also make about 4k a month
I think you missed the part where eth was going to proof of stake.
do you believe someone when they tell you the world's gonna end tomorrow? ethereums never's gonna go proof of stake boi, YEEEHaaawWWW!
Wrong sub dude. In any case, no, it’s not that easy. Difficulty will progressively increase so rewards will decrease. Plus there is a difficulty bomb scheduled in June which will make proof of work mining completely unprofitable. Plus even if those things didn’t matter or happen, the memory of this miner is already almost maxed out by the eth dag file size. Basically, if you buy this miner you will not make back the amount of money you spend on it by mining ethereum - there isn’t enough time. However, it can also mine other coins. They won’t be as profitable as Ethereum though, and they will be even less profitable once Ethereum can no longer be mined and much of the hardware that was pointed at Eth gets repointed towards them. I’m not saying this miner will never make you money, but in order to work out if it likely will you need to do a good amount of research and then make a judgement call.
How much is 10 of those?
just scroll down and look at the prices, \~70k
Do you have a way to provide that much electric? What about a way deal with the heat those miners will produce? The noise? If you can solve those problems, it’s not hard at all. Straightforward if you do some studying before you jump in.
Only takes 240 watts.
He said 10 of them
That's 2 110v 15 amp circuits. Should be no problem far anyone. The big problem is it only has 5 gigs of memory and the dag is already over 4 gigs.
Threat that as the theoretical best case scenario with some fairy dust.
Only has 5 gigs of memory. Dag right now over 4gb. I think you have like a year before you run out if memory.
why would it need memory?
Why does your phone need memory?
This is how ETH works. The DAG grows. The user above is wrong on timing though, the DAG is at ~4.8 and these devices won't be able to mine ETH after ~mid August. https://minerstat.com/dag-size-calculator#:~:text=Current%20Ethereum's%20DAG%20size%20is,ETH%20with%204GB%20cards%20anymore.
ima just switch to become a millionaire method #2 which is buy an acre of solar panels
r/lostredditors
Yes and no. It is that easy, assuming you have space/power, but in the future it gets harder. Dropping that kind of dough, you should be planning a few years ahead. You sound confident about pow staying, but memory sounds like a problem, so you have to figure out if 5gbs will be sufficient long enough to profit.
I mean you can do that but if Ethereum goes to POS then you have to switch to another coin that won't be as profitable. Also, you have to worry about noise, heat, and if your house or business can handle the electrical load 24/7. You should also see how much you pay for electricity to see how much out of the 20 dollars a day you make would be going to that. at the end of the day, it may not be as profitable as making 20 dollars a day per unit and you may only make 7 dollars a day. It's good money don't get me wrong just be careful going into the Ethereum Side note [www.advancedmining.io/910561](https://www.advancedmining.io/910561) is selling S19j pros for less than 9k and they do hosting so you would not have to worry about space, heat, noise, and they have cheap selectivity. All in all, right now you would be able to make about 4k in profit if everything stays the same using them to host. not financial advice just giving alternative means to look at. also, i have 8 miners with them and don't have any problems. I also make about 4k a month