How much money am I ACTUALLY making on all of these ASIC miners vs my ELECTRIC bill?

preview_player
Показать описание


Chapters
--------------
00:00 ASIC miners are very loud
00:54 Am I profitable mining on all of these Crypto ASIC Miners?
02:07 Sponsor
02:41 Which ASIC Miners do I have?
03:32 How much amps or power am I using in total?
05:24 I am mining most of my miners to Nicehash for Bitcoin & Profit
06:22 How much money am I making in total in from mining?
06:43 How much money am I spending on Electricity a day from mining?
07:08 Am I making money?
07:44 Maybe I'm actually losing a little bit less electric because of the tenants above
08:07 How much KWH electric power am I using exactly every day for mining?
08:52 I'm making a decent amount but isn't life changing
09:12 Since the Ethereum Merge has ASIC mining been profitable than GPU mining?

Talk with ME 1 on 1
-------------------------------

ASIC mining can be profitable, but it depends on several factors such as the cost of electricity, the price of the cryptocurrency being mined, and the difficulty of the mining algorithm. Here are some things to consider when assessing the profitability of ASIC mining:

Electricity costs: The cost of electricity is a significant factor in determining the profitability of ASIC mining. Mining machines consume a lot of electricity, so if your electricity costs are high, it can eat into your profits.

Mining difficulty: The difficulty of the mining algorithm is a measure of how hard it is to solve the cryptographic puzzles required to mine the cryptocurrency. The higher the difficulty, the more computing power is required to mine a block. If the difficulty increases, it can make mining less profitable.

Price of the cryptocurrency: The price of the cryptocurrency being mined is a significant factor in determining profitability. If the price is high, mining rewards will be more valuable. However, if the price is low, mining rewards will be worth less.

ASIC hardware costs: ASIC mining equipment can be expensive, and the cost of purchasing the hardware can eat into profits. It's essential to consider the cost of the hardware when assessing the profitability of ASIC mining.

In general, ASIC mining can be profitable if you have access to low-cost electricity and are mining a cryptocurrency with a high price and low difficulty. However, it's important to do your research and calculate your expected profits carefully before investing in ASIC mining equipment.

ASIC mining is a specialized type of cryptocurrency mining that uses specialized hardware called ASICs (Application-Specific Integrated Circuits) to mine cryptocurrencies such as Bitcoin, Litecoin, and Ethereum.

ASICs are purpose-built machines designed to perform one specific task, which in this case is to mine cryptocurrencies using the SHA-256 or Scrypt mining algorithms. Because ASICs are optimized for a specific task, they are much more efficient than other types of mining hardware, such as CPUs and GPUs.

ASICs are typically more expensive than other types of mining hardware, but they are also much more powerful and can generate higher profits. This is because ASICs can perform many more calculations per second than other types of mining hardware, which means they can solve more complex cryptographic problems and mine more cryptocurrency in less time.

ASIC mining requires significant upfront investment, as you need to purchase the ASIC hardware and pay for the associated infrastructure and electricity costs. However, once you have a mining setup up and running, ASIC mining can be highly profitable.

It's worth noting that not all cryptocurrencies can be mined using ASICs, as some use different mining algorithms that are not compatible with ASICs. Additionally, the profitability of ASIC mining depends on a variety of factors, including the difficulty of the mining algorithm, the cost of electricity, and the price of the cryptocurrency being mined.

FOLLOW RedPandaMining
------------------------------------------

Disclaimer - I am not an expert. This is not financial advice and do your own research. Everything said is from my point of view and for entertainment purposes.
Рекомендации по теме
Комментарии
Автор

Great to see you are still profitable. Hopefully the noise does not impact the family upstairs :)

ndtlmining
Автор

Did you get some of those Octotanks to allow you to take some of these ASIC's over to your new place or is the electric cost still an issue there?

ronwatkins
Автор

RPM awesome update 👍 I like updates like this more please! $65 per day after power is good money if you had all K7’s or all L7’s, that would be $180 per day in profits after electric at current coin value at that location alone, still $65 is very good too for one location 👍, BTW put back your hot box walls, unless you still need all that heat?

fullyelectric
Автор

Thanks for the candid video. I often wondered is it worth fighting with ASIC. That kind of answers my question

javansheneman
Автор

Dear Panda, I wake up everyday and watch your videos in bed. Your voice is the sound of the Gods. Please send me an L7.

Thanks, love Hawk.

HawkCryptoTech
Автор

The families that live there don't complain about the noise.

jat-cvyy
Автор

What's the noise level in there? Grab a db meter and stand next to the rack, then in the center of the room, then just outside the door?
Great vid as usual, wen BRZ?!?

GeekOfAllTrades
Автор

Very nice setup Mr. panda 🐼 love it 🙌 I am re-organizing my asic miner farm now also ✅

brandcoin
Автор

Noise cancelling headphones as a sign on bonus for families. All joking aside. Enjoy the content! Keep up the good work

Richard_
Автор

Man that's insane. I mined ETH with about 500 MH/S and before EIP-1559 I remember bringing in about $50 a day just from that. Different times...

DisasterxUs
Автор

Wow... ASIC emporium... nice profit. I can only imagine when the next bull comes cha ching $$$

CryptoMiningInsider
Автор

I'm a filthy nicehash miner too. Deal with it

Mile-long-list
Автор

The impact of a couple cents in power prices can go a long way to reaping profits. Power Co make the easiest profits through geographical price manipulation 😠

dougiee
Автор

Nice and noisy, do the people upstairs complain about the noise? Can I have the A10 pro?

slothsquatch
Автор

Wow I lost focus! I'm back maybe I can just get 1 machine to start mining. I'm not sure where to start I'll look for a video on how to get started how to get money profitably. I have 15 machine's mining helium. 25 machine's siting on the bench. Not sure what to do with those 25 (bobcat's) machine's does anyone know if I can find something else to mine with them.

USSEnterprise
Автор

I like the A10🙂. Greetings from Germany😊

stonewall
Автор

46 cents per kwh here. All my GPUs off. Sad times. Man those Asics are plain offensively noisy.

MrButuz
Автор

Don’t you have for 30 amp outlets there? You are only using three of them know?
Also, don’t you have a barn with extra electricity?

CustomComputing
Автор

What kind of inlet service panel do you have 500 amp Service panel?

SuperAgentman
Автор

Panda I hope you're giving those poor folks some discount for the Noise 🤣

digitalfortressmining
join shbcf.ru