Hey everyone,
I'm a total newbie to mining and I've been digging around for info on what to buy and what I should consider. I'm aiming to get an ASIC miner but really want to avoid those crazy markups. Eventually, I'd love to mine different types of crypto, but I gotta start somewhere. IceRiver seems promising, but they're totally sold out on their site. eBay is asking for way too much. Any tips on where to snag one?
Can I trust that site, asicminervalue.com, that says Akminer, Nhash, Jingle Mining, and others are reliable sellers? Is there a place I should keep an eye on for new ASIC releases or a mailing list I should join? Seems like the key is to grab them as soon as they drop. I'm just looking at this as a fun hobby for now.
Thanks a bunch!
Being new to mining one very important thing to understand that all crypto coins are NOT the same and most have very different hardware requirements. In short, only 1 is Bitcoin BTC. ALL others are altcoins and most of those are aka crapcoins because they are near worthless...
That said, this is the Bitcoin area and discussions are restricted to only Bitcoin. Period.
All questions & discussion for the other coins belongs in the Altcoin areas.
As for mining equipment distributors, only buy either direct from the manufacturers or only from their Authorized distributors that are listed on their site. Buying from anywhere else increases risk of being scammed and even more importantly, even if the gear is new it will NOT have a Factory supported warranty unless it bought from the mfgr or one of their Authorized Distributors.
Okay knowing the country you are in would help.
And knowing the power you can provide would help.
are you able to listen to loud ass gear. as a lot of gear is loud.
are you willing to spend 500 or 1000 or 5000.
do you expect to make money.
If you are usa based and can provide a 20 amp 220-240 volt circuit . I would go to this website
https://altairtech.io/product/bitmain-antminer-s19-xp-140t/ buy the xp and add this controller
https://altairtech.io/product/epic-umc/
cost for above is around 3500.
you can down clock the gear and lower the fans. making sound okay
but 3500 is money.
you could look at these sites
https://altairtech.io/
https://vmssecuritycloud.com/
usa based and legit
Apologies as I just noticed that now, but I do want to do Bitcoin and was thinking of the Bitmain Antminer S19j Pro. I've seen that Whatsminer are better because of features and being bulletproof. I'm just trying to figure to buy the latest and greatest ASIC for Bitcoin or just buy used equipment to get started.
USA
220V
Noise - no problem
Been looking at gear over $5k, but it is the ROI I'm looking at.
I would be happy to break even after 6 months
Thank you for the advice. Hopefully you don't mind if I contact you later with other questions.
If I buy directly from the manufacture is there a 30% import tax to be paid from importing it from China to the USA?
[moderator's note: consecutive posts merged]
the forum member mikeywith is a good seller for whatsminer
https://bitcointalk.org/index.php?topic=5440613.0
I got 2x m30s and 4x m50s from him
they have ways to deal with import taxes
some come from Malaysia
he will offer you some support if gear breaks and I can help you with setup
Bro. calling most of the Altcoins Crap coins is not fair. I understand there are a significant amount of shitcoins out there in the crypto market. but there are tons of Altcoins which are very good. Ethereum, Dogecoin, Altcoin, and many more.
I don't recommend to buy used mining equipment. it is much better to buy brand new mining rigs because used rigs don't have any guarantee and you would not know how long would they last.
Never say eth is a good coin it is p.o.s and that stands for piece of shit.
mr v set back the entire gpu industry with his nonsense.
I can't say how much I detest eth and the crap ball mr v owes me 2 eth coins.
also this is a btc section not an alt coin section.
There is a tax in every country, but in Russia, the miners I know pay money for the equipment to the supplier and pick up the equipment at the point of delivery. Your seller solves these problems. If you are buying for home mining, then you do not need customs documents.