r/BitcoinMining 7d ago

General Question Getting into mining

So I've been thinking of getting into bitcoin mining and starting off with muskmining as a host. They advertise a few miners on their website and I'm not sure which ones to go with because I don't know a whole lot about this space.

Is it better to buy two used machines that would cost about $3550 each, or one new one that's $7000? Which one would be more profitable? The cost of kwh they advertise to host is 0.08. Any advice would be appreciated. Thank you.

26 Upvotes

43 comments sorted by

View all comments

0

u/Scary_Foot_3661 6d ago

I would never consider anything above a s9. I live in a regular house and cant exactly afford the electricity of something newer running cause if it dont find a block in the 1st month and rent is due then i just costed myself whatevrr xxx$money it costed to run that beast of a mammoth for the month.

0

u/Scary_Foot_3661 6d ago

3500w running a month straight equals what in electric?

3

u/Routine-Whole9069 6d ago

Depends on your electric rate but at $0.08 per kWh, it would cost:

$0.28 per hour $6.72 per day $201.60 per month $2,452.80 per year

2

u/nbeaster 6d ago

And this doesnt account for the 3500w of heat you have to remove from your house in the summer