re: $1m cash

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With 10% of the OP's 1 million, investment into the proper gear will result in that $12,000ish per month.

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Sure about that? LINK

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I am. The RIO on the ASIC miners is not there. Feel free to look up the cost of an asic miner.


For example, the best ASIC miner that is out there using the SHA-256 algorithm (BTC) is the Bitmain Antminer S19 Pro+ Hyd. It does $35 per day currently.




From your link:

They are offering an Antminer S19XP. The Price is $15,000.

The Antminer S19XP in 140TH/s. That equals to $28 per day.

The RIO on that is almost 2 years. That's before calculating the fact that it gets harder to mine and that results in less money.


To make $500 per day you would need 18 machines and almost $300K in investment just for gear. Then you would need the power with enough 220v outlets.

So when I say that you can not mine BTC, I mean from a practical point.

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You can not mine Bitcoin.

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yea you can..... it is expensive to get an Asic but you can. From that statement alone, i question every thing you have to say about mining.

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yea you can..... it is expensive to get an Asic but you can. From that statement alone, i question every thing you have to say about mining.

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If you read everything I stated in this thread, including the one above your reply... I explain this.

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shite, you give me a guaranteed 12% a month and I could build an infrastructure to make million a day in just a few years. There is no way that the elite among us couldnt or wouldnt be mining billions a year if it was just so easy.

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I built a new rig at the beginning of Jan to add to my farm. It is earning over $25 per day. At the current prices of ETH, it will make around 9K this year. My cost to build it was less than 9K.

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I could build an infrastructure to make million a day in just a few years.

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In order to reach that level, you will have to have a special agreement with the power company. There would be no realistic way to power that many units in order to get to $1 Million per day.


Antminer S19 Pro+ Hyd uses over $5,000 dollars per year or $470 per month in order to mine enough BTC that equals $15,000 for the year or $42 per day. That leaves $9,750 and you still have not paid for that miner.

You think you can build the infrastructure to handle the electricity requirement to get up to a Million per day?

It would mean that you would need 23,809 of those ASICs. That's an electric bill of $357,142,857 for the year.

Riot Whinstone is expanding in Tx. They already were using 300 megawatts of energy. They are asking for 400 megawatts more.

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When ETH moves to POS, the mining hardware will have to be use for something less profitable. So while its good right now, ETH mining could go away next year. That is why you don't have every rich person investing capital into mining rigs.

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This is correct.

I built all of my rigs with that in mind. My profit would drop from $25 per day (talking about the rig I mentioned above) to $20. And the migration to those coins will increase their value over time.

It's important to know what a rig can and can not mine.

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My profit would drop from $25 per day (talking about the rig I mentioned above) to $20. And the migration to those coins will increase their value over time.

It's important to know what a rig can and can not mine.

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you really think Raven coin is going to have the same traffic at Eth? i highly suspect your profit isnt going to be near 20 after Eth2.0 is out.

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I didn't move a thing

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yes you did.

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a GPU will not produce you a profit of BTC.

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that wasnt your statement.... you statement was "you can not mine BTC" should i relink it for you? Take the loss of misspeaking, or saying the wrong thing, and move on. digging your feet in to the ground makes you look like a stubborn idiot.

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Both of those are at current prices.

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Are they impacted by the amount of miners? What happens when everyone mining ETH with GPUs switches to those alts?

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I didn't mentioned Raven coin? Not me.

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No i did.

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This really shows me that you know little about mining. You believe that's the only other coin?

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of course not.... but Raven is one of the bigger GPU mined coins, and the one alot of gpu miners will turn their gpus to. So do you think when Eth is out and the available hash power move to other block chains you will get the same payout....if so i have some property i can sell you.


but to stop the arguing. I stopped my miners a few months ago with Eth became less profitable. and i have been thinking of what to do. i build my miners back in 2018 so im running power hungry 1080tis and 1070tis. What do you think? should i sell them and buy fewer more efficient cards?