⭐Have More Questions about Buying an L9 or want 1 on 1 help, let's setup a call! thehobbyistminer.io 🛒Looking to Purchase a Bitmain L9 DogeCoin Miner ➡ geni.us/AMP_L9 💰Use Checkout Code "TheHobbyistMiner" for a Discount! 🛒Want to Purchase a Bitmain L9 Dogcoin Miner but CAN'T run one at Home? Terra Hosting offers US based Hosting! Checkout Terra Hashes/Hosting ➡ geni.us/TerraHashes 💰Use Checkout Code "TheHobbyistMiner" for a Discount ✉Contact Person: Mike - contact@terrahosting.io (Tell him I sent you for Discount Pricing)
I had 2 of these back in the days. Took a chance wiring about $3000 to bitmain in china, and thankfully, I got the miners in one piece. Two problems with miners. The first issue is obvious, electricity. My electricity in NY for running 2 of these was about $600. The second issue that no one will ever tell you is the difficulty level of all crptocurrency. The more miners in the world minning, the more the difficulty increases to mine that coin. That means, say if you can mine 1 lite coin in 30 days, the following month it might take you 31 days and the following month maybe 33 days. So, taking this into account, you might need a more powerful miner in about a year. The cost of the miner, the electricity and the difficulty to mine the coin is too much overhead. I eventually turned it off and sold it for a fraction of what i paid on ebay. Not worth it unless you got free electricity.
So what are your thoiughts on mining using solar and power packs for storage? Also, I am not a huge fan of DOGE. How about mining alternative coin like SOL even BTC. I know the difficultly level is off the charts for BTC. But honestly I am not sold on some of these ALT's. Many will log to zero or near. So not point saying you are mining $2k worth a month as this is likely at the all time high.
@PaddyIrishman if solar power can run your miners for a much lower electric cost, yhea, that would be worth it. I would calculate all solar output and miner energy requirements before jumping into using solar. Getting a solar power adds a huge chunk to your ROI.
@@manny2741 I live in Algarve soutgh Portugal. So we have sun over 300 days of the year. Even when it is not sunny and raining, we no doubt still have some UV coming through the clouds. Aroudn the same latitude as northern California. So I was thinking it may be an option on a south facing hill area of which we have many. Stick my wooden house there with lots of solar panels.
Great idea on using solar for mining in Algarve! With 300+ days of sun, it’s a solid option to reduce electricity costs. Just make sure to size your system correctly-calculate both your miners’ energy needs and the solar output, plus battery storage for nighttime or cloudy days. The upfront cost of solar can be high, so you’ll need to factor that into your ROI over a few years. Also, while BTC mining is tough due to high difficulty, consider diversifying with altcoins like SOL or Ethereum Classic. Just keep in mind that altcoin prices are volatile, and long-term viability depends on the market.
@@GeorgeMMK Yes, thanks for the insigh. I would definitely consider ALT's. I think the Solar could be the backbone of the energy for the property, with mining also being thrown into the mix. Definitely working out all the energy requirements and storage is key.
no they just buying in the wrong time. they were to busy buying overpriced kaspa miners for 10-30K each. they could of been getting them for 7k avg even less used bc people didnt like there low earnings.
@ThomasPerkinsWV Manipulated? You mean a company sets the price according to demand and supply?😱 That's crazy!!! Don't you just hate a free capitalist market.
@@PMP5240-e3i That is simply missing the operating cost; Roughly add also extra by calculating the cost of the electricity consumption per month and technical maintenance service as a whole to determine the pay off rate?
You're right that Dogecoin has no hard supply cap, but it still requires mining to create new coins and secure the network. While Dogecoin's inflationary model allows for continuous issuance, mining still plays a crucial role in maintaining the blockchain's security and transaction validation. However, as mining competition increases and rewards decrease over time, staking is becoming a more viable option for both miners and investors. Staking allows you to earn rewards without the high energy costs and hardware expenses associated with mining, making it a more efficient way to grow your holdings in the long run.
After 1 year you're in the green and its all passive income profit. Plus you can sell the miner later on. You can buy it on a no interest for first 12-18 months credit card and pay off the credit card during that time with the profits. While using your actual cash to invest in doge so its a win win.
@@_fastlaner there's no such thing as "investing" in something that's infinite, but can only actually gain true value if it were finite. You're just gambling.
At the current price of 0.32 per DOGE today, December 19th, 2024, $14,080 will give you 44,000 Dogecoins. How long will it take to mine 44,000 Dogecoins + the electricity cost?
@@Hireharis this is not true. as more miners go online difficulty goes up. higher price usually means higher difficulty because more people put their rigs online but isnt 1:1. more miners deploying does guarantee a higher difficulty. DOGE also doesnt halve
Yes, as Dogecoin's price rises, the mining difficulty typically increases as more miners enter the network, aiming to take advantage of higher rewards. This leads to increased competition, making mining less profitable for many, especially with the rising energy and hardware costs. A more viable option for miners and investors now is staking, which doesn’t rely on costly equipment or the volatility of mining difficulty. Staking offers a way to earn rewards with lower risk and consistent returns, making it a smart alternative in a competitive mining environment.
Thank you so much bro for the education. I've been trying really hard to find out about it. And I found your channel randomly scrolling on RUclips. Thank you bud.
Hi, I'm new & planning profitability. The $65/daily are paid by the pool; you don't get the coin mined ? Is this $65 linked to the coin value at mining time, and devreasing during bear market ?
Do you know what I don’t understand? If mining is a profitable business, why don’t service providers like amazone and azure, which have huge computers, mining?
To get started with mining, besides the miner, you’ll need a stable internet connection, power supply, and cooling solutions. Internet speed is important, but it doesn’t need to be extremely fast. What matters more is stability-mining requires a reliable connection to keep your rig running without interruptions. You’ll also need to factor in electricity costs, as mining consumes a lot of power. However, with the growing competition and increasing mining difficulty, staking is becoming a more viable option for many investors. Rather than dealing with hardware setup and high power bills, you can stake coins like Ethereum or Solana for passive income, which is more energy-efficient and can provide steady returns with less overhead. It’s definitely something to consider as a long-term strategy.
Watched the full video. I know about the amount in dollars of profit you’re getting using the L9. How many doge (approximately) is it mining per day currently?
Also recently scored a L9, I've been very curious about using other firmware. Vnish says on their website firmware for L9 is in progress. Any experience using alternative firmware with other ASICs?
Congrats on scoring the L9! As for alternative firmware, I've had some experience with it on other ASICs like the Antminer series. Firmware like **HiveOS** or **BricksOS** can offer better optimization, increased hash rates, or more control over your miner's settings, but it's crucial to ensure compatibility with the L9 once Vnish releases it. Keep an eye on their updates, as using unofficial firmware can sometimes risk damaging your hardware or voiding warranties. Always test on one unit first and back up your original firmware before making any changes.
@@CryptoCapri Dude, mining is just nuts. I can bet, just buy 8k worth of coins that you trying to mine (Dodge or LC) and forget it. it is a Waste of Energy and time.. At the end this Joker will break even and sell this piece of Junk for 500$ on eBay 2 years later. Mark this post.
Yes, a PDU (Power Distribution Unit) is often necessary for mining rigs to manage power distribution efficiently and safely. The type you need depends on your rig's power requirements. If you're running multiple miners, consider a high-quality, industrial-grade PDU with surge protection and load balancing, like the APC by Schneider Electric or the CyberPower PDU models. That said, with the growing difficulty in mining and the increasing competition, staking has become a more viable option. It offers consistent returns without the hassle of managing power, hardware, or rising costs.
For mining or any high-performance tasks, a wired Ethernet connection is always the better choice. It provides stable, low-latency, and consistent speeds, which are crucial for keeping your rigs running smoothly. While a Wi-Fi adapter can work in a pinch, it’s prone to interference and speed drops, which could negatively affect mining efficiency. If running cables is a hassle, consider powerline Ethernet adapters-they use your electrical wiring to transmit data and can give you a reliable connection without the need for extra cables.
what would you recommend for mining doge at low power, think 1 to 2 doge an hour maybe. I just started and I am playing around with raspberry pi 4b 8gb. it was sitting around. so now its making coin.
Hi I'm struggling to mine with the kw rate in the uk so around 31 cent so need low power consumption miner any ideas even a mini doge 3 is still no profitable cheers jase ..uk
Jase, I totally get your struggle-31 cents per kWh in the UK is tough for mining, especially with rising difficulty and power costs. If you’re looking for low-power options, consider miners like the Goldshell KD Box or ASIC miners designed for lower power consumption. However, even the most efficient miners can struggle to be profitable with that electricity rate. That said, as competition in mining increases and difficulty ramps up, staking has become a much more viable option for investors these days. Instead of dealing with high energy costs and hardware depreciation, you can stake coins like Ethereum (PoS) or Solana, earning passive rewards without the hassle of running expensive hardware. It’s more energy-efficient, stable, and can provide steady returns over time. Consider it as an alternative that might offer better long-term gains with fewer risks and less overhead.
@GeorgeMMK hi George thanks for your reply you have give me something to think about I done really well with the helium network in the early times pity it all died think they have missed a trick somewhere but I think I have just secured a funding scheme for solar in the new year fingers crossed so all not completely lost but I take you point on the difficulty scale I'll keep plugging away this end to hodle as much as poss thanks again..jase uk
@@jasepowers9335 Hey Jase, great to hear you're exploring solar funding-could be a game-changer! You're right about the Helium network; it had great potential but the market shift was tough. As for mining, the growing difficulty makes it harder to stay profitable. With competition ramping up, an alternative that's been explored by miners and investors now is staking, might be worth looking into as a more sustainable way to earn as a block validator. Requires less overhead and offers steady returns with less risk compared to mining. You could still diversify and hold your assets while reducing your reliance on mining hardware. Let me know if you need more information non this, I can give you good pointers to start from. Best of luck with the solar setup!
Much apologies, but who are you buying miners from now that you have good success with? Im going to get another one but spending much more than I am comfortable spending if i dont trust the company?
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Do you live in an area with cold winters, and is that helping save you significant money otherwise needed for cooling (and possibly responsible for less watts used than manufacturer's specs)?
Living in a cold climate can certainly help with cooling costs, as ambient temperatures reduce the need for additional cooling systems, saving on energy. However, as mining difficulty increases, this small advantage is often offset by higher competition and hardware wear. Rather than relying on fluctuating environmental factors, staking has become a more reliable and profitable option. It requires no cooling and no expensive hardware, allowing you to earn consistent returns without the ongoing costs and risks associated with mining.
You've earned my subscription 🙌 😊 Thanks for sharing your valuable knowledge to the mere peasants like myself! 😅😅😂 I'm looking to move up in status in the world... going from slave to servant! 😜 Just gotta figure out how to get a miner. I have the excess power, cheap rates, high speed internet, and good location to place the miners... but just gotta get a miner 🤔🤑
@@Chat_0ne Keep in mind "December Batch" means leaving the manufacturing plant in December, then redirected. Also keep in mind Chinese New Year comes up in January, so would expect probably 2nd to 3rd week of January delivery.
I understand your frustration with the inflated prices of mining hardware during the BTC spike. It's true that when the market heats up, some sellers take advantage, driving prices up. However, mining has become increasingly competitive, and many miners are struggling with rising energy costs and hardware depreciation. A more sustainable solution in this environment is staking. It allows you to earn rewards without the need for expensive equipment or dealing with inflated prices, making it a safer and more profitable option for both miners and investors now.
Maybe you should consider staking then, preferably from your non custodial wallet for high returns....for a $400 monthly reward on 4-5% returns you'd need from $8k-$10k capital....And if youre staking on a good coin, youd likely make way more from price appreciation on the long term
I live in the UK, high energy prices....so anyone got any recommendations for a simple setup to get started with that doesnt get hammered by electricity costs.. ? do these need to stay on 24x7 (Im presuming so ideally)
GREETINGS The Hobbyish Miner lol I was wondering what your true payout was a day after electric & what about when you cash out into fiat, what is the tax rate & then what does it come out to a day? about 40 ish bucks a day free & clear?
ROFL between 11-15 thousand bucks for this thing, which you can basically not use afterwards, and your powerbill will increase dramatically when you let this thing run 24/7. So to even get the costs back you probably need to have this running for around a year... le sigh.
The only complaint I have against mining now is that they don't show any yield. Only USD equivalent. That is only useful if you are selling or converting daily. I typically hold the mined coins, so I prefer to see yield.
some of ur video tell us download software to mineing but all those software is virus not 100% work it there any batter software out there that dont have virus and 100% work for mineing pc with out get ay virus????
@vietdragon5610 Nicehash is not a Virus. Your PCs Windows Defender flags the Batch Files. Check the video description and pinned comment of that video. Explains it.
damn sun, electricity costs you 0.083 $/kWh?? As a Western European dude I'm shocked by this; i'm currently around 0.36€/kWh, that's almost x5 ! Are you mining under an LLC so you can get lower utility costs or is this .083 normal? great vid though !
@TheHobbyistMiner I was never able to get my gpu rig up and running. I think I have : 1660's , 1060 , Gtx 980 , not sure 100 percent at the moment I am at work. Several mother boards , power supplies. Unfortunately my 17 year old passed away in March. I have not gained interest in doing this again.
While its quieter then some other miners, this is not something you want to run in a basement. Heat will be insane to manage and the whine of the fans. I did another video today on a different Scrypt Miner, much quieter, I'd look at that.
Anyone buying this is a fool. If you really have 10,000+ dollar to blow, do yourself a favor and invest that shit into S&P 500 stocks and let it ride. Your profits will be way better than this mining crap.
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⭐Have More Questions about Buying an L9 or want 1 on 1 help, let's setup a call!
thehobbyistminer.io
🛒Looking to Purchase a Bitmain L9 DogeCoin Miner ➡ geni.us/AMP_L9
💰Use Checkout Code "TheHobbyistMiner" for a Discount!
🛒Want to Purchase a Bitmain L9 Dogcoin Miner but CAN'T run one at Home? Terra Hosting offers US based Hosting!
Checkout Terra Hashes/Hosting ➡ geni.us/TerraHashes
💰Use Checkout Code "TheHobbyistMiner" for a Discount
✉Contact Person: Mike - contact@terrahosting.io (Tell him I sent you for Discount Pricing)
I had 2 of these back in the days. Took a chance wiring about $3000 to bitmain in china, and thankfully, I got the miners in one piece. Two problems with miners. The first issue is obvious, electricity. My electricity in NY for running 2 of these was about $600. The second issue that no one will ever tell you is the difficulty level of all crptocurrency. The more miners in the world minning, the more the difficulty increases to mine that coin. That means, say if you can mine 1 lite coin in 30 days, the following month it might take you 31 days and the following month maybe 33 days. So, taking this into account, you might need a more powerful miner in about a year. The cost of the miner, the electricity and the difficulty to mine the coin is too much overhead. I eventually turned it off and sold it for a fraction of what i paid on ebay. Not worth it unless you got free electricity.
So what are your thoiughts on mining using solar and power packs for storage? Also, I am not a huge fan of DOGE. How about mining alternative coin like SOL even BTC. I know the difficultly level is off the charts for BTC. But honestly I am not sold on some of these ALT's. Many will log to zero or near. So not point saying you are mining $2k worth a month as this is likely at the all time high.
@PaddyIrishman if solar power can run your miners for a much lower electric cost, yhea, that would be worth it. I would calculate all solar output and miner energy requirements before jumping into using solar. Getting a solar power adds a huge chunk to your ROI.
@@manny2741 I live in Algarve soutgh Portugal. So we have sun over 300 days of the year. Even when it is not sunny and raining, we no doubt still have some UV coming through the clouds. Aroudn the same latitude as northern California. So I was thinking it may be an option on a south facing hill area of which we have many. Stick my wooden house there with lots of solar panels.
Great idea on using solar for mining in Algarve! With 300+ days of sun, it’s a solid option to reduce electricity costs. Just make sure to size your system correctly-calculate both your miners’ energy needs and the solar output, plus battery storage for nighttime or cloudy days. The upfront cost of solar can be high, so you’ll need to factor that into your ROI over a few years. Also, while BTC mining is tough due to high difficulty, consider diversifying with altcoins like SOL or Ethereum Classic. Just keep in mind that altcoin prices are volatile, and long-term viability depends on the market.
@@GeorgeMMK Yes, thanks for the insigh. I would definitely consider ALT's. I think the Solar could be the backbone of the energy for the property, with mining also being thrown into the mix. Definitely working out all the energy requirements and storage is key.
What's insane is that the vendors rob your profit by grossly inflating the price.
no they just buying in the wrong time. they were to busy buying overpriced kaspa miners for 10-30K each. they could of been getting them for 7k avg even less used bc people didnt like there low earnings.
It's ok they will get karma
This is essentially why I'm against asic mining due to overpriced. Because the prices are artificially inflated and manipulated.
What is price of this unit?
@ThomasPerkinsWV Manipulated? You mean a company sets the price according to demand and supply?😱 That's crazy!!! Don't you just hate a free capitalist market.
At $15k each. It will take almost 2 years to pay off and that depends on what your electricity costs you.
its like 250-300 days not 2 years
@@PMP5240-e3i That is simply missing the operating cost; Roughly add also extra by calculating the cost of the electricity consumption per month and technical maintenance service as a whole to determine the pay off rate?
They are $10,699
@floydhiatt1513 , is that for an L9? If so, where are you getting that price?
@@Alaska1969 On Asicmarketplace website, if you want to skip the line and get it sooner you will have to spend an extra couple grand
Isn’t DOGE coin self creating? If so, why would you need to mine it if it doesn’t have a limit? Could be wrong, just read the details about the coin.
You're right that Dogecoin has no hard supply cap, but it still requires mining to create new coins and secure the network. While Dogecoin's inflationary model allows for continuous issuance, mining still plays a crucial role in maintaining the blockchain's security and transaction validation. However, as mining competition increases and rewards decrease over time, staking is becoming a more viable option for both miners and investors. Staking allows you to earn rewards without the high energy costs and hardware expenses associated with mining, making it a more efficient way to grow your holdings in the long run.
At 20k it's not worth it. ROI is too long and if Doge drops it's even longer ROI.
After 1 year you're in the green and its all passive income profit. Plus you can sell the miner later on. You can buy it on a no interest for first 12-18 months credit card and pay off the credit card during that time with the profits. While using your actual cash to invest in doge so its a win win.
@@_fastlaner there's no such thing as "investing" in something that's infinite, but can only actually gain true value if it were finite. You're just gambling.
Id rather spend 15k on doge than that machine, you would make money alot faster.😊
Right 💀
word
At the current price of 0.32 per DOGE today, December 19th, 2024, $14,080 will give you 44,000 Dogecoins. How long will it take to mine 44,000 Dogecoins + the electricity cost?
@DjKjA14 i got 41k doge for 1500 at 3.7 cent, doing ok🫠
@@DjKjA14but how long has it taken you to earn 14k in savings?
as Doge goes up does the mining difficulty factor go up also?
No, Minning Difficulty goes up after halving
@@Hireharis this is not true. as more miners go online difficulty goes up. higher price usually means higher difficulty because more people put their rigs online but isnt 1:1. more miners deploying does guarantee a higher difficulty. DOGE also doesnt halve
@@PracticalCryptoMiner ohh didn't know that, Thanks
Yes, as Dogecoin's price rises, the mining difficulty typically increases as more miners enter the network, aiming to take advantage of higher rewards. This leads to increased competition, making mining less profitable for many, especially with the rising energy and hardware costs. A more viable option for miners and investors now is staking, which doesn’t rely on costly equipment or the volatility of mining difficulty. Staking offers a way to earn rewards with lower risk and consistent returns, making it a smart alternative in a competitive mining environment.
Thank you so much bro for the education. I've been trying really hard to find out about it. And I found your channel randomly scrolling on RUclips. Thank you bud.
Glad to hear it!
Hi, I'm new & planning profitability. The $65/daily are paid by the pool; you don't get the coin mined ? Is this $65 linked to the coin value at mining time, and devreasing during bear market ?
Do you know what I don’t understand?
If mining is a profitable business, why don’t service providers like amazone and azure, which have huge computers, mining?
lol who sid they dont?
What about customs? Did you have to pay something?
@@danmichelucci Terra Hashes Price is all in, import tax and shipping
Does it make 65 a day fr tho i never see anybody cash out with these things
How many dogecoins can the L9 miner mine in a year if it cost about $15,000?
What all do I need to start besides the miner and does internet speed factor into this
To get started with mining, besides the miner, you’ll need a stable internet connection, power supply, and cooling solutions. Internet speed is important, but it doesn’t need to be extremely fast. What matters more is stability-mining requires a reliable connection to keep your rig running without interruptions. You’ll also need to factor in electricity costs, as mining consumes a lot of power.
However, with the growing competition and increasing mining difficulty, staking is becoming a more viable option for many investors. Rather than dealing with hardware setup and high power bills, you can stake coins like Ethereum or Solana for passive income, which is more energy-efficient and can provide steady returns with less overhead. It’s definitely something to consider as a long-term strategy.
@@GeorgeMMK Thank you for your response
Save yourself some time and money. if you have money to buy this miner, buy the crypto currency you believe in and hold onto it.
Watched the full video. I know about the amount in dollars of profit you’re getting using the L9. How many doge (approximately) is it mining per day currently?
133ish
@ Thats more than I expected. I was thinking closer to 100 🫢 I want one now
B.s if they were so good no one would sell them.
Also recently scored a L9, I've been very curious about using other firmware. Vnish says on their website firmware for L9 is in progress. Any experience using alternative firmware with other ASICs?
I have not tested yet. Hopefully!
Congrats on scoring the L9! As for alternative firmware, I've had some experience with it on other ASICs like the Antminer series. Firmware like **HiveOS** or **BricksOS** can offer better optimization, increased hash rates, or more control over your miner's settings, but it's crucial to ensure compatibility with the L9 once Vnish releases it. Keep an eye on their updates, as using unofficial firmware can sometimes risk damaging your hardware or voiding warranties. Always test on one unit first and back up your original firmware before making any changes.
Was this the 1st batch ones?
Considering this thing costs $36k... you'd hope it's profitable.
Facts
@@CryptoCapri Dude, mining is just nuts. I can bet, just buy 8k worth of coins that you trying to mine (Dodge or LC) and forget it. it is a Waste of Energy and time.. At the end this Joker will break even and sell this piece of Junk for 500$ on eBay 2 years later. Mark this post.
@skybizinc4502 bro whats the other coin u mentioned other than doge. LC, what is it
It's 16k
@@davidrogers7394 not US
does this need a pdu and which one would you recommend?
Yes, a PDU (Power Distribution Unit) is often necessary for mining rigs to manage power distribution efficiently and safely. The type you need depends on your rig's power requirements. If you're running multiple miners, consider a high-quality, industrial-grade PDU with surge protection and load balancing, like the APC by Schneider Electric or the CyberPower PDU models. That said, with the growing difficulty in mining and the increasing competition, staking has become a more viable option. It offers consistent returns without the hassle of managing power, hardware, or rising costs.
Donyou have to use a hard line for the Ethernet or can you use an ethernet/ wifi adapter?
For mining or any high-performance tasks, a wired Ethernet connection is always the better choice. It provides stable, low-latency, and consistent speeds, which are crucial for keeping your rigs running smoothly. While a Wi-Fi adapter can work in a pinch, it’s prone to interference and speed drops, which could negatively affect mining efficiency. If running cables is a hassle, consider powerline Ethernet adapters-they use your electrical wiring to transmit data and can give you a reliable connection without the need for extra cables.
@GeorgeMMK
I live where I work, free electric and wifi....but the whole running new Ethernet might be an issue is the reason I ask
If you ask that please don't invest real money without asking your primary care provider
@Moxieman
And I just did it
So, no electric costs and now mining fulltime
Good luck kiddo in your mom's basement
what would you recommend for mining doge at low power, think 1 to 2 doge an hour maybe. I just started and I am playing around with raspberry pi 4b 8gb. it was sitting around. so now its making coin.
low wattage? something like the Mini Doge but they can be a bit pricey second hand. L3s are pretty cheap, they are profitable, but more power hungry.
Hi I'm struggling to mine with the kw rate in the uk so around 31 cent so need low power consumption miner any ideas even a mini doge 3 is still no profitable cheers jase ..uk
lol
solar power lol that is literally the only way. solar power multiple batteries for storage and an inverter.
Jase, I totally get your struggle-31 cents per kWh in the UK is tough for mining, especially with rising difficulty and power costs. If you’re looking for low-power options, consider miners like the Goldshell KD Box or ASIC miners designed for lower power consumption. However, even the most efficient miners can struggle to be profitable with that electricity rate.
That said, as competition in mining increases and difficulty ramps up, staking has become a much more viable option for investors these days. Instead of dealing with high energy costs and hardware depreciation, you can stake coins like Ethereum (PoS) or Solana, earning passive rewards without the hassle of running expensive hardware. It’s more energy-efficient, stable, and can provide steady returns over time. Consider it as an alternative that might offer better long-term gains with fewer risks and less overhead.
@GeorgeMMK hi George thanks for your reply you have give me something to think about I done really well with the helium network in the early times pity it all died think they have missed a trick somewhere but I think I have just secured a funding scheme for solar in the new year fingers crossed so all not completely lost but I take you point on the difficulty scale I'll keep plugging away this end to hodle as much as poss thanks again..jase uk
@@jasepowers9335 Hey Jase, great to hear you're exploring solar funding-could be a game-changer! You're right about the Helium network; it had great potential but the market shift was tough. As for mining, the growing difficulty makes it harder to stay profitable. With competition ramping up, an alternative that's been explored by miners and investors now is staking, might be worth looking into as a more sustainable way to earn as a block validator. Requires less overhead and offers steady returns with less risk compared to mining. You could still diversify and hold your assets while reducing your reliance on mining hardware. Let me know if you need more information non this, I can give you good pointers to start from. Best of luck with the solar setup!
Why do a lot of the crypto mining store only want payment via crypto or wire transfer -.-
So you can't get a refund.
If this was that easy evrruine eoild be mining good luck youll need it 😊😊😊
Much apologies, but who are you buying miners from now that you have good success with? Im going to get another one but spending much more than I am comfortable spending if i dont trust the company?
I'm looking for a btc miner that's under 500w and isn't a lottery miner is this possible?or are all btc miners solo
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
As a beginner, it's essential for you to have a pro or a very good trader to keep you accountable.
Someone like expert Scarlett Hansley
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
This is correct, Scarlett's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
I've seen this name before and l'm now interested. Could you let me know how I can reach her?
Do you live in an area with cold winters, and is that helping save you significant money otherwise needed for cooling (and possibly responsible for less watts used than manufacturer's specs)?
Living in a cold climate can certainly help with cooling costs, as ambient temperatures reduce the need for additional cooling systems, saving on energy. However, as mining difficulty increases, this small advantage is often offset by higher competition and hardware wear. Rather than relying on fluctuating environmental factors, staking has become a more reliable and profitable option. It requires no cooling and no expensive hardware, allowing you to earn consistent returns without the ongoing costs and risks associated with mining.
With the L9 or VolcMiner D1 can I merge mine 2 coin at the same time??
Yep. Discussed in the Video.
@@TheHobbyistMiner Does this machine automatically mine all the coins it was built to mine at same time??
It Mines Scrypt. The POOL then pays you out in what they support. I am currently using Mining Dutch which supports all of them mentioned.
You've earned my subscription 🙌 😊 Thanks for sharing your valuable knowledge to the mere peasants like myself! 😅😅😂 I'm looking to move up in status in the world... going from slave to servant! 😜
Just gotta figure out how to get a miner. I have the excess power, cheap rates, high speed internet, and good location to place the miners... but just gotta get a miner 🤔🤑
How many years can you get out of these before it’s outdated or needs to swap out?
Just bought a vitamin s19 pro. Going to see if I can run it off wind, solar n generator.
I love your videos, thank you!
In your experience how long does shipping for ASICS take with Coin Mining Central?
Depends, was it marked in Stock? If it's a December batch won't ship from the Supplier until Dec 15th - 30th.
@@TheHobbyistMiner It's from the December batch.. Once the supplier ships it, how long does it take to get to the US?
@@Chat_0ne 3 to 5 days
@@Chat_0ne Keep in mind "December Batch" means leaving the manufacturing plant in December, then redirected. Also keep in mind Chinese New Year comes up in January, so would expect probably 2nd to 3rd week of January delivery.
@@TheHobbyistMiner thanks!
Can now merge mine for Lucky coin any help how to set up a wallet for that?
The fact they inflated their prices so much because of BTC spike, bunch of scammers.
I understand your frustration with the inflated prices of mining hardware during the BTC spike. It's true that when the market heats up, some sellers take advantage, driving prices up. However, mining has become increasingly competitive, and many miners are struggling with rising energy costs and hardware depreciation. A more sustainable solution in this environment is staking. It allows you to earn rewards without the need for expensive equipment or dealing with inflated prices, making it a safer and more profitable option for both miners and investors now.
And after electric?
Very good information 🎉
Are you able to build an equivalent to this cheaper than they sell them complete?
How much is this set up?
L9 has 4 models $11,499-$15,149
all i want is something that can mine me 400 dollars a month. im poor and total newb.. any ideas?
Maybe you should consider staking then, preferably from your non custodial wallet for high returns....for a $400 monthly reward on 4-5% returns you'd need from $8k-$10k capital....And if youre staking on a good coin, youd likely make way more from price appreciation on the long term
@@GeorgeMMKstaking?
@@GeorgeMMK5% per month?
Very nice waiting for my order i also place a order before the the pop for L9 7900 end of December can't wait
Good choice!
where did u order?
@AamirKhan-nl4bi Terra Hashes. If you reachout to them tell them I sent you. They will hook you up.
Which country you are from
@@TheHobbyistMiner what's the price of electric terra hash offer?
I live in the UK, high energy prices....so anyone got any recommendations for a simple setup to get started with that doesnt get hammered by electricity costs.. ? do these need to stay on 24x7 (Im presuming so ideally)
How do all of you people have $15,000 to drop on this
Can u guide the operating temperature requirements and ranges the minner can operate optimal
from toronto. how much
How much?
GREETINGS The Hobbyish Miner lol I was wondering what your true payout was a day after electric & what about when you cash out into fiat, what is the tax rate & then what does it come out to a day? about 40 ish bucks a day free & clear?
AT TODAYS PRICE, WHAT HAPPENES WHEN IT DIPS?
why is it so expensive? does it have 10 4090's?
Just bought 5.. I’m installing them inside the basement of a prison my buddy works at.. All the electricity for free
ROFL between 11-15 thousand bucks for this thing, which you can basically not use afterwards, and your powerbill will increase dramatically when you let this thing run 24/7. So to even get the costs back you probably need to have this running for around a year... le sigh.
R u sure u know what ur sitting on?
I have 2 of them. Yeah the price of them a couple of months ago have doubled.
Yeah Wild how much Prices have gone up on the L9
is it worth getting 1?
So our elec is .14 cent so definitely thinking strongly about this
@Kevin-Byrne message me on Discord or email me if yoi have any questions
Could it be possible to run this profitably for 2 years at least with the same machine
@@TheHobbyistMiner reaching out on discord
Seven months just to break even...
The only complaint I have against mining now is that they don't show any yield. Only USD equivalent. That is only useful if you are selling or converting daily. I typically hold the mined coins, so I prefer to see yield.
In Germany not possible 50 cent per Kilowatt. Its 10 Euro per day just for electricity
Are Iceriver rigs script miners???
@TnTWorld95 iceriver does not make any scrypt miners, at this time.
IceRiver does not have a Scrypt Miner, Yet.
Is the antminer L9 really making the what it promised
I definitely want one.. do they deliver to Sydney, Australia.
I believe so. I'd reachout to them.
I have the cheapest hydro electricity in Quebec Canada. Online calculator says I’ll lose money. These aren’t profitable
some of ur video tell us download software to mineing but all those software is virus not 100% work it there any batter software out there that dont have virus and 100% work for mineing pc with out get ay virus????
@vietdragon5610 Nicehash is not a Virus. Your PCs Windows Defender flags the Batch Files. Check the video description and pinned comment of that video. Explains it.
Can you show hooking up and installing fans/noise suppressors?
What does mining a coin even mean?
Odd they can't use fans that are not so loud? Wtf is with that?
I need to get 5-10 of these
How is this guy getting power for .083 kw/h?
This software has made my life so much easier. Thanks for the recommendation!
Wish I had the money to do one. I just dropped money on my first attempt at a home server/ home lab
So one year to pay off
damn sun, electricity costs you 0.083 $/kWh??
As a Western European dude I'm shocked by this; i'm currently around 0.36€/kWh, that's almost x5 !
Are you mining under an LLC so you can get lower utility costs or is this .083 normal?
great vid though !
Mining would be more profitable if you run a solar generator
Free mining platforms
My electricity is .40 Kwh no way i could be profitable from this. Great Video tho!
Mines .31 and I thought that was expensive
Mine is .17 Can I make a profit ?
For the price of 1 L9 you could get 106 s9 13.5th. Profit 4700 a month........if you have free power LOL
Could you build a script miner what do they consist of
looking to get rid of about 10 L3+ miners , 6 last running good . also have parts . GPU rig could never get running . several mother booards and parts
Are the L3s from last Bull Run?
@TheHobbyistMiner no , i think prior to that . I had 6 up and running coming out of last cycle. We have actually spoken before.
@TheHobbyistMiner I was never able to get my gpu rig up and running. I think I have : 1660's , 1060 , Gtx 980 , not sure 100 percent at the moment I am at work. Several mother boards , power supplies. Unfortunately my 17 year old passed away in March. I have not gained interest in doing this again.
Well i live in ca so my electricity would kill the profit
Your out of pocket electricity cost just buy the Doge.
65$ dollars a day without adding in electric.....*adds in electric*, "okay guys 2$ a day is a great deal."
Power will be more expensive !
anything over 1200w is useless to most people as it requires specialized power drops
Expensive startup cost.
Free Electricity FTW.....
-$64 a day AFTER electric lol
Can it work in Jamaica?
14.600 dollars for one unit? 😆 Good luck man
that's less than 1 year payoff..
9 months for me at .13/kwh
vs buying $14,600 worth of doge and sitting on it
I think they are just trying to sell the miners to people.
i need one miner for free
Build your own miner.
Rtx 5090 should be out soon. Gpu are good for script mining
Yeah and I bet it’s cost loads !!
15k
I got mine when they were $8700 just before the big pump. Got lucky!
at the cost of that miner you better of growing pot :p
if you do it right you can make over 2k a month without having to invest 15k first lol :D
In my shithole Germany, electricity costs me 0,50 per kW/h. 🤮
How loud is the L9? Can I run it in my basement
While its quieter then some other miners, this is not something you want to run in a basement. Heat will be insane to manage and the whine of the fans.
I did another video today on a different Scrypt Miner, much quieter, I'd look at that.
Throw this costly miners and start mining Pi coin from your simple smart phone.
Just buy doge
Anyone buying this is a fool. If you really have 10,000+ dollar to blow, do yourself a favor and invest that shit into S&P 500 stocks and let it ride. Your profits will be way better than this mining crap.
If true why don't you have dozens of them running all the time