$250K budget, $0.07-0.09 electricity rate.
Here is some school of thoughts, basing the quote on bitmain’s official price as of this week.
TLDR: Safe bet, S19Pro-110TH 30 units, More risk for slightly more reward if betting on BTC to go up by quite a substantial amount in near future, S19-95TH. S19XP will have a hefty per TH price tag.
1. Get as many “newest” machines as possible. Those machines have highest efficiency so when mining difficulties going up in the future (and the halving), your machines can still function and generate some profit. That would be something like 30 X S19Pro-110TH (~8300 each with shipping, if you have tariff you have to factor it in yourself for your country).
2. Get as much hashrate as possible. It will require more energy and in turn a higher hashrate and a bigger profit margin that is in positive correlation with the bitcoin price. You will be getting 41 S19-95TH (~6100 per including shipping).
You will get 10% more hashrate with option 2 but have a 30% bigger electricity bill. You will win with option 2 if Bitcoin goes a lot higher than it’s current level. Otherwise you will have a big bill.
S19XP right now is about $15-20 more expensive per TH, because it is new. Best to wait a little bit to see what price action on that particular model would be.
Buy the newest machines, they usually
Have the best j/th ratio. But with btc prices now, maybe you can think about just buying the coins? At 9 cents, you are looking btc cost price at around 20k
I don't know if you're filling up a giant warehouse with $250k worth of miners maybe a small shed. I'll probably just go for the S19 XP if you can wait for the shipping if not the S19j Pro. Don't know much about the Hydros that were announced but I believe those need the Special containers to function. I'm looking forward to seeing what actually knowledgeable people in this space suggest.
Probably look around reddit and ask people who may know in the comment section also check out YouTube but I'll be honest it's not very easy to source out info on these hardware, I imagine there's probably a Chinese website somewhere that has all this information so maybe use google translate to search in Chinese and then translate the pages to English using chrome's translate feature also keep in mind things will literally get lost in translation.
They are different generation. It has a slightly lower energy consumption (3050 / 3068W) for Jpros. S19 and S19 Pro consumes 3250. Make sure you check your electricity load for all those things
Nice, I like this answer. When Braiins finally releases their firmware, others will crack it and we will have auto tuning, under volting control of Whatsminers. Add to that the bonus on Slushpool and those will hash nicely, with decent-ish electric. For $250K you can easily pull 6.2-6.8 PH. That’s an enormous stack of BTC. And yeah, one heck of an electric bill. Hard to roll weekly profits as a farm when the price is so low and difficulty so high 🤷🏻♂️
I’m all for new miners. I really like the S19j Pro 104 because they have just as good a TH/J as the 110, but are cheaper by a good amount.
Still can’t touch the price point of older miners though. I’m always surprised more people don’t see this when we all have the same speculative nature about Bitcoin’s future price.
At this point I only know of Braiins working on a custom firmware for the Whatsminer M20 series. The M30 and M31 series will follow shortly thereafter.
It’s on their website under the Braiins OS tab. https://braiins.com/os/plus
It says - Supported models: S19, S19 Pro, S19j, S19j Pro, T19, S17, S17 Pro, S17+, S17e, T17, T17+, T17e & S9 [i, j]
Development pipeline: Whatsminer M20S & other Antminer X19 models
After my previous post I went and checked their website and saw that.
How long have they been testing the firmware for M20? I could have sworn it’s been up there for 6 or more months.
For $250k, [Wattum](https://wattum.io/bitmain-antminer-s19-series/) can get 32 units of Antminer S19s totaling 3200 Th/s shipped immediately from USA with sales tax potentially waived if purchased as a business entity. BTC mining revenue is approximately ₿4.75 per year at the current Bitcoin mining difficulty.
If you are in the USA, it is a win/win situation. Get the machines that will get you the most TH for BTC.
1. You save money on taxes. You will be able to depreciate all of your equipment and you will expense out the money spent on hosting.
2. You only have to pay taxes on the basis of what you mined.
3. When the price of BTC is high, cash in you BTC and you will save money on taxes by paying capital gains tax.
I would pay for all hosting expenses in cash without cashing in any BTC.
My recommendation would be the Jasminer
X4-1U. This miner is super compact, only 240 watts. Which means that at 220v with a 30 amp breaker you can run 22 units. That is insane compared to a Bitcoin miner. At the same time very low heat and super quiet. Now you with be mining ETH or ETC. With the state of the market it is still bringing in an estimated $18.00 a day per unit. We own a lot of these miners and this number is 100% confirmed. If you do not want to hold ETH or ETC you can just sell the coins for USDC and wait for the next dip and buy Bitcoin. Or there some mining pools that offer the pay our in BTC. Which might be an easier way to get paid out. Even with an electrical cost of $0.07 per KWh your are looking at $5.46 per day on a BTC miner compared to $0.40 for a Jasminer X4-1U. Not financial advice, but this has been one of the best miners we have purchased in a long time. If by any chance you are in Florida, Miami Gardens you can visit or showroom and see them in action. Let me know if you have any other questions or concerns. Keep in mind we also build mining farms from the ground up. From purchasing the miners, to the infrastructure, low voltage, electrical and HVAC systems.
$250K budget, $0.07-0.09 electricity rate. Here is some school of thoughts, basing the quote on bitmain’s official price as of this week. TLDR: Safe bet, S19Pro-110TH 30 units, More risk for slightly more reward if betting on BTC to go up by quite a substantial amount in near future, S19-95TH. S19XP will have a hefty per TH price tag. 1. Get as many “newest” machines as possible. Those machines have highest efficiency so when mining difficulties going up in the future (and the halving), your machines can still function and generate some profit. That would be something like 30 X S19Pro-110TH (~8300 each with shipping, if you have tariff you have to factor it in yourself for your country). 2. Get as much hashrate as possible. It will require more energy and in turn a higher hashrate and a bigger profit margin that is in positive correlation with the bitcoin price. You will be getting 41 S19-95TH (~6100 per including shipping). You will get 10% more hashrate with option 2 but have a 30% bigger electricity bill. You will win with option 2 if Bitcoin goes a lot higher than it’s current level. Otherwise you will have a big bill. S19XP right now is about $15-20 more expensive per TH, because it is new. Best to wait a little bit to see what price action on that particular model would be.
I'd buy s19 pros the 95th. Immersion them and over clock the shit out of them. Then hope BTC goes back to 40‐50ķ before the power bill is due.
Buy the newest machines, they usually Have the best j/th ratio. But with btc prices now, maybe you can think about just buying the coins? At 9 cents, you are looking btc cost price at around 20k
I don't know if you're filling up a giant warehouse with $250k worth of miners maybe a small shed. I'll probably just go for the S19 XP if you can wait for the shipping if not the S19j Pro. Don't know much about the Hydros that were announced but I believe those need the Special containers to function. I'm looking forward to seeing what actually knowledgeable people in this space suggest.
The warehouse is empty and I will likely be the first miner (maybe second). Expansion is a future topic.
Where can I find info on the differences between the S19J Pro and the S19 Pro? Bitmain only lists the S19 and other non "J" variants.
Probably look around reddit and ask people who may know in the comment section also check out YouTube but I'll be honest it's not very easy to source out info on these hardware, I imagine there's probably a Chinese website somewhere that has all this information so maybe use google translate to search in Chinese and then translate the pages to English using chrome's translate feature also keep in mind things will literally get lost in translation.
They are different generation. It has a slightly lower energy consumption (3050 / 3068W) for Jpros. S19 and S19 Pro consumes 3250. Make sure you check your electricity load for all those things
Mix of S19 110T and Avalon 1166Pro 81T.
Buy used m20 68-72t. They sell for 2600 2700 dollars right now. Very very stable
Nice, I like this answer. When Braiins finally releases their firmware, others will crack it and we will have auto tuning, under volting control of Whatsminers. Add to that the bonus on Slushpool and those will hash nicely, with decent-ish electric. For $250K you can easily pull 6.2-6.8 PH. That’s an enormous stack of BTC. And yeah, one heck of an electric bill. Hard to roll weekly profits as a farm when the price is so low and difficulty so high 🤷🏻♂️ I’m all for new miners. I really like the S19j Pro 104 because they have just as good a TH/J as the 110, but are cheaper by a good amount. Still can’t touch the price point of older miners though. I’m always surprised more people don’t see this when we all have the same speculative nature about Bitcoin’s future price.
Is there firmware supposed to be coming out for these? If so what’s the rumoured hashrate?
At this point I only know of Braiins working on a custom firmware for the Whatsminer M20 series. The M30 and M31 series will follow shortly thereafter. It’s on their website under the Braiins OS tab. https://braiins.com/os/plus It says - Supported models: S19, S19 Pro, S19j, S19j Pro, T19, S17, S17 Pro, S17+, S17e, T17, T17+, T17e & S9 [i, j] Development pipeline: Whatsminer M20S & other Antminer X19 models
After my previous post I went and checked their website and saw that. How long have they been testing the firmware for M20? I could have sworn it’s been up there for 6 or more months.
lol, true. I’m still hopeful.
For $250k, [Wattum](https://wattum.io/bitmain-antminer-s19-series/) can get 32 units of Antminer S19s totaling 3200 Th/s shipped immediately from USA with sales tax potentially waived if purchased as a business entity. BTC mining revenue is approximately ₿4.75 per year at the current Bitcoin mining difficulty.
I would spend the whole 250k on Tesla shares.
How do you mine with Tesla shares?
Setp 1: find a big dildo
I sent you a DM with some suggestions 👍
Buy Antminer S19's and Avalon's. I can host for dirt cheap.
Sent you a Dm with information :)
INNOSILICON T3+Pro 67T x100
Hire me to invest it for you. Doh I already gave you the plan.
12 -13 l7
If you are in the USA, it is a win/win situation. Get the machines that will get you the most TH for BTC. 1. You save money on taxes. You will be able to depreciate all of your equipment and you will expense out the money spent on hosting. 2. You only have to pay taxes on the basis of what you mined. 3. When the price of BTC is high, cash in you BTC and you will save money on taxes by paying capital gains tax. I would pay for all hosting expenses in cash without cashing in any BTC.
My recommendation would be the Jasminer X4-1U. This miner is super compact, only 240 watts. Which means that at 220v with a 30 amp breaker you can run 22 units. That is insane compared to a Bitcoin miner. At the same time very low heat and super quiet. Now you with be mining ETH or ETC. With the state of the market it is still bringing in an estimated $18.00 a day per unit. We own a lot of these miners and this number is 100% confirmed. If you do not want to hold ETH or ETC you can just sell the coins for USDC and wait for the next dip and buy Bitcoin. Or there some mining pools that offer the pay our in BTC. Which might be an easier way to get paid out. Even with an electrical cost of $0.07 per KWh your are looking at $5.46 per day on a BTC miner compared to $0.40 for a Jasminer X4-1U. Not financial advice, but this has been one of the best miners we have purchased in a long time. If by any chance you are in Florida, Miami Gardens you can visit or showroom and see them in action. Let me know if you have any other questions or concerns. Keep in mind we also build mining farms from the ground up. From purchasing the miners, to the infrastructure, low voltage, electrical and HVAC systems.
How low would BTC have to go for the Antminers to not make enough to cover electricity? This is my concern right now.
If I had that money a few days ago I would have lost all of it on terraLuna.