Money Talk

Bitcoin Mining

Submitted by RoYaL, , Thread ID: 63141

Thread Closed
02-12-2017, 01:37 PM
#1
Im thinking of getting a bitcoin miner like the S9 but I can only put it at my house .
Any recommendations to a more silent miner that makes around the same money?

RE: Bitcoin Mining

This post was last modified: 02-12-2017, 05:39 PM by Justforfunn
#2
Well you could custom make a build with cheaper gpu's and stuff like building your own rig


For example


Mobo: Asus P5K including a Core2 Duo E6550 2.33 ghz & 2 GB RAM (800 mhz) (costs 30$)
Power Supply: Thermaltake Litepower 650W (35$)
HDD: 250 GB 2.5
GPU: Sapphire HD 7950 Dual X 3 GB (already moded) (85$)

This rig is ALOT cheaper

but honestly its not really that worth it

Every coin adjusts difficulty based on the network hash rate differently. You need to google that. Basically, if a new miner came out tomorrow that was twice as fast at the same power as your machine you could begin to generate negative returns. At the current 16 nm node we probably won't see any huge leaps in the S9 for a while but you don't get "consistent" returns. It all depends on the network rate and difficulty and the coin value. If BTC tanks then your return will also diminish. There are a variety of negative feedback loops that have historically led to extreme volatility with Bitcoin prices but over time this should improve.

Basically, don't bother buying any ASIC that isn't the latest node technology otherwise you're just wasting resources. Unless you have free electricity of course.

Right now mining Litecoin has a decent energy usage to return ratio. Bitcoin requires massive amounts of power which in turn will generate massive amounts of heat.

so heres just a small piece of advice cause im feeling nice lol

Look into trading too its more worth while and probably more returns than mining if youre comfotable with that


Hope this helps Smile

And this is not the most silent option but its awesome for its price

RE: Bitcoin Mining

#3
You could try to use soundproof material around the miner, within a 1-meter distance. You'd also want very good airflow if you do this because you don't want the miner to catch fire.

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