BaltimoreAce on Nostr: Think about your electric cost. The reason older miners are pretty cheap right now is ...
Think about your electric cost. The reason older miners are pretty cheap right now is because of efficiency. Do the math and see what running that S9 24/7 will cost each month. Most likely at BTC’s current price you’ll be mining at a loss. If you can afford to pay for the electricity and want to participate in the network and just hodl the bitcoin then I tip my hat to you sir. Lots of people do that just because they want to and some believe that in the long run it will actually be profitable if you consider the value of the BTC in 10 years vs now. That’s just one thing to consider. I can vouch for start9. Solid software and the setup is relatively simple. Lots of capabilities if you’re willing to dig into a bit more of the technical side of things. Lastly I wouldnt expect too many headaches or it being difficult. ASIC miners are pretty simple to setup initially and then you pretty much just check in on them.
Published at
2024-01-02 19:32:54Event JSON
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