That’s the plan! But I’m already at 80% maxed out on a 30A 240V breaker. Sure I could add more breakers, but I really don’t want to turn my basement into an industrial mining zone (not to mention the HOA might have a thing or two to say). I’ve already used some soundproofing (Rockwool) in the room that all the mining equipment is in, the noise is real!
Also I need more airflow, I’m exhausting extra heat out a small basement window. If I want to expand I need to consider intake fans from a second window to keep airflow moving seamlessly.
I’m in a peculiar position where if I lease out a warehouse for $3000/month I literally deplete all the profit and break even until I expand more. I’m not sure where to go from here, suggestions welcome! So far the best plan I have is just wait until I can afford a bigger house with a big backyard, so I can build a mining shed out there.
I recently bought a house in Canada that's heated with all electric baseboards, I am not looking forward to my electricity bill. I'd love to partner with an experienced miner who was willing to pay for the rigs up front and do a lot of the fetch-and-carry in exchange for the waste heat. I have no doubt there are plenty of other homeowners who'd feel the same way. Waste heat's a valuable resource, at least for half the year.
My ASICs mine Bitcoin directly, while my GPUs mine Ethereum but I'm paid in Bitcoin, which is a function of NiceHash. More often than not mining Ethereum directly using something like HiveOS is more profitable, but I opt for NiceHash because the convenience is more valuable to me than the fractional benefit of mining Ethereum directly. Also, I personally would rather hold Bitcoin. But that is just me.
In terms of ETH2, it is already quite profitable to mine ERGO or RVN or other proof-of-work GPU mineable coin algorithms (search for "what to mine" in your preferred search engine). The biggest question is, when ETH2 comes (whenever that is) will the profitability of ERGO and RVN increase or decrease with the influx of miners? Sure difficulty will spike massively, but in my opinion it is also likely that the value of these cryptocurrencies spike as well, however proportional.
The truth is no one really knows. I have an idea, but I could be wrong.
Thanks for the excellent response! I love nicehash and have been using it on a little 1080ti rig myself.
I'll probably stick with what they recommend once ETH changes. It does seem probable that the values of the new favorites will spike a bit once everyone jumps on board.
Do you think bitcoin-only asic miners are still a viable thing to set up as an ongoing thing? I feel like asic miners are currently a risky investment due to their nature of being linked to certain currencies.
Risk? There are folks doing just what you describe. Everyones capital and risk levels vary and so you get miners on gaming rigs with single gpu all the way to those buying fuking coal power plants. Where would you land?
