Thoughts on ASIC mining?

[clshades]

Was banging around Google this morning. What are the thoughts on this thing?

Amazon.ca

 

[lowfat]

BITMAIN AntMiner S9​

Your approx. income with NiceHash​

1.17 CAD / Day​

NiceHash - Leading Cryptocurrency Platform for Mining and Trading

www.nicehash.com

 

[clshades]

that ain't much heh

 

[crazyea]

that uses a lot of electricity too. holy smokes.

 

[Solace]

unless you spend millions into your on your own power grid you will never hit profits on asic miners

 

[crazyea]

unless you spend millions into your on your own power grid you will never hit profits on asic miners

Or you have electricity included in your lease. At least until you get evicted. Lol

 

[Marzipan]

ASIC are good for a moment and then nothing better than an expensive space heater or door stop.

 

[clshades]

Thanks for the input. I tried nicehash yesterday for about 12 hours. Completely pointless.

 

[crazyea]

Thanks for the input. I tried nicehash yesterday for about 12 hours. Completely pointless.

The risk of damage by using my 3070 24/7 just doesn't seem beneficial these days since the price of bitcoin tanked.

 

[clshades]

The risk of damage by using my 3070 24/7 just doesn't seem beneficial these days since the price of bitcoin tanked.

agreed