How to Start an ASIC Crypto Mining Farm at Home
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- Опубликовано: 1 янв 2022
- This is how I started my own DIY crypto mining farm at home. I spent months researching and looking for deals on miners and I jumped in head first and it has been one of the best decisions of my life so far.
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can you tell me what cable you used to connect to your miners, the cable amp rating and also the pdu rating. please and thank you!!
Really appreciate this content. Thanks!
You're welcome :)
Thanks for the video! It was packed full of very useful information. I am in the process of setting up a small mining farm at home. I did do research but I still need help.
Please help answer the below questions:
-with PDU being hard to source and expensive, why not just have an electrician setup 240v outlets for each KD5?
-for tax write off, is there a way to keep track of the electricity cost for miners, fans, AC, and other mining operation electricity cost? Separate home usage from personal without installing a new meter.
-I am interested in the KD6, if you can help with the preorder that would be great.
Thanks again!
You absolutley can have your electrician just put in 240v plugs that work directly with each miner. There is nothing wrong with that. I didn't know that option at the time and though I needed a PDU for sure. I think the hardest part is getting the actual plug that fits properly with your machine installed since it's not a USA plug. But if you can find that, and have your electrician install those, you're golden. No PDU needed.
For tax write off, you can put a meter on the circuits or panel you're mining off of and submit the total cost of electricity on your taxes as a business expense. ANYTHING you use to use for the business can be written off. BUT, make sure you have an LLC for that.
I can help you preorder a KD6. Shoot me an email at minutemanprep@gmail.com
Thank you so much for your help and guidance!
Thanks for the information. 👍
Awesome intro into ASICS video! Curious, how much did it cost you specifically have the 200amp panel installed? Thanks!!
Thank you =). My electrical setup was about $3500 total just for the electrician to install and set it up.
You are way ahead of me I only have 1 rig and with the downturn I buy more than mine
12 holes through your block wall and siding!! Wow. Would it not have been a better option to hook into ducting or out the roof?
Just leaning for the first time and seems like I'll be kind of interesting, the question is what is mining, I'm I selling electricity or just to power the device ( ASIC ) , who I'm I working for, what it is function and asic function, and the electricity, does it has to be available 24/7 and lastly how can you help to set up.
Very cool Ben...now, how to power this with a Titan system. What would the Titan system look like to be "cost free", or get your ROI quicker. Look forward on your follow up video of how to get started with crypto mining...I'm game...will start my research now while I wait.
Haha that'd be nice. Each one of these units use 2,300w to run and it's 240v power. It consumes 55,200 watt-hours of power per day which is equal to 28 Titan batteries. So you can see it's not really viable to make these run off of ANY solar system unless the solar system itself is a huge field of solar panels. But the mere fact it's making money that can be used to earn money back to pay for a Titan.
What about if you still the electricity how much money can you make with 4 of this ones ??
How did you determine the CFM for each miner. I am tryin to figure out how much that is for an iBelink K1+
I found the specs online but pretty much all the ASIC fans are about the same CFM ranging from 200 to 250CFM per fan. A front fan and a back fan work together to move 250cfm through the machine. So since my KD5s have two fans on the back and two fans on the front, it is moving upwards of 500 CFM per machine.
What is the best asic to buy as first asic if i already have the outlets setup? Order from Goldshell ? Somewhere else?
Ideally you want to order from Goldshell but that's next to impossible. They sell out on their website literally within seconds. You'd have to pay people to watch the site 24 hours non-stop to try and catch when they're in stock and still there's a chance they're sold out by the time you get through the checkout process. That's how much people want Goldshell units. I'm a dealer if you're intersted I can give you my pricing. Or check eBay as well, keep in mind any price you pay for a crypto miner on eBay they'll add 10% tax to it. So a $10,000 unit you'll actually pay $11,000. If you're truly interested email me at minutemanprep@gmail.com
Hey Bed, thanks for posting this video. Where did you get the PDUs from?
Amazon and eBay.
@@minutemanprep I’ve been searching for the ones with the digital readout like the ones in your video. I can’t seem to find them. What is the make and model?
@@pepesanchez6371 Server Technology CW-24V2C311A1 Master & Link Switched PDU 240V C13 C19 L6-30P I don't see any right now doing a quick google search unfortunately.
I looked into this a few months ago. It seemed to me that the cost of the electricity required to run the miners 24/7 would offset the amount of crypto mined. Does it take 2-3 miners to get to a point where you create more money than you spend to operate them?
If the unit is only making $10 a day and it costs $10 to run the unit in electricity then your net is $0. But if the machine makes $200 a day and your electrical costs are $7 a day then obviously the $7 is absolutely worth it. That is one of the reasons I went with Kadena mining not Bitcoin mining because Kadena makes 10x per miner compared to Bitcoin miners. The fact that everyone says "the electrical costs make it unprofitable" means they haven't researched it because that only applies to old units that are a couple of years old or more and newer units can produce more now which make them profitable. An average new bitcoin miner will make $20/day after electrical costs right now. Just use AsicMinerValue.Com and you can see how it all works out.
@@minutemanprep thanks, I will check it out.
There are several benefits. First off the bitcoin you mine is not KYC. As long as you don't shove it in a KYC wallet. Second most small farms only run during nonpeak hours as usually the electricity is cheaper during those times. You should be able to go online and with a little digging find out what your electrical company sells for during different times of day. Aldo you can use renewables to power them during times when those sources are available.
@@minutemanprep can I contact you directly? Through email perhaps
@@chungniem9494 Sure thing, minutemanprep@gmail.com
Bro electric in my country is free so I’m planning to build a antminer t9+ farm this video is all I needed especially the electric part thank you so much
Wow that's incredible. You're very lucky to have free electricity. That'll be very cool to have the farm.
Where do you live?
Good video nice job.
Are you going to be adding any other asics when you build out the racks? BTC miners?
As of right now no. I will be adding more KD5s or KD6s to my Mine but simply put, I can make more money with KDA than BTC. If you think about it, a BTC miner makes roughly $20 USD/day. A KD5 makes about $200 USD/Day. If I wanted to, I could take my KD5, sell the KDA mined for the day for $200, then buy $200 worth of BTC which is 10x more than I could've mined directly with a BTC miner.
@@minutemanprep are you still running successful with KDA? Is that a good long term? I'm looking to get into starting my first ASIC rig, and im not sure which to start with. Suggestions?
@@chaiti1985 Yes still running all of my KD5s and I love it. I still truly believe it will be a top 10 coin in the next couple of years and in the meantime it's still the #1 most profitable mining anyway. So it is really good in the short term and even better in the long term. For your first rig, it depends on your budget. A single KD6 (new to the KD5) is around $45,000. If you're interested in starting with that like I did let me know, I'm a dealer for them. minutemanprep@gmail.com
Great video. I have my own mining farm. I having trouble with my cooling. I believe I need more intake.
Also can you tell me where you got those green things that you put behind the KD5’s. Does that keep dust out?
The green air filters do help reduce how much dust gets into the miners and the filters are washable and reusable. It's a large filter sheet from home depot and the pieces are just cut to size. You'll find it in the air filter aisle. It's probably 2ft by 3ft in size
@@minutemanprep does it prevent airflow?
@@badape3106 not enough to have a negative effect, so no
Idaho is cooler weather longer period of time unlike Florida or Texas. Really awesome mining room
I'm in Idaho, hot days are low 90's
I have a Goldshell KD5 enroute. My first miner any suggestions on powering it from standard 120v house.
Don't. Seriously, it's not safe. A normal house outlet is capable of running up to 1,800 watts continuously and the max, generally best to stay below 1,500 watts. The KD5 uses 2,300 watts. Not only will your outlet not be capable of running it regardless because it will just pop the breaker, but secondly that is the fastest way to burn down your house. Not trying to be dramatic, but it is not unheard of for people to try to do that and cause electrical fires. Simply put, the wires and outlet at 120v in houses in the USA cannot handle that much electricity and will catch on fire.
You need to call a local electrician, have them install a 240v plus that is either 20 amps or 30 amps. You can run 1 KD5 on a single 20amp plug or up to two KD5s on a single 30 amp plug. I chose to have the L6-30Rs installed because the PDUs (Power Distribution Units) I use have L6-30P plugs on them. (P is for Plug and R is for Receptacle).
The plug that comes with your KD5 will very likely not be L6-30P. It will typically be a GB2099 plug. If you're going to plug the KD5 directly into the outlet then you'll want to wait unti you have it in hand, have your electrician come over, look at the plug, and then install the correct one because it's not a common plug.
If you don't mind me asking, where did you buy your KD5 and for about how much?
@@minutemanprep Well we haven't gotten it in hand yet so don't want to steer you to bad site if something goes badly for us. We are supposed to take delivery about the 14th if it works out then I'll fill you in on site. $9900 with the shipping but not import taxes.
@@ericmeador1390 That would be great. You can email me directly at minutemanprep@gmail.com as well. That price seems extremely good so I hope it works out and we can help people get more miners.
I want to start a crypto mining farm in a warehouse what sort of electrical things do I need to get to get set up like 240 volt outletand how many transformers may I need and pdu?? As I have 10000 10 socket extension lead plugs let me know with some information would be great??
240 outlets. You need to know how many amps each miner you're going to use. Do not exceed 80% of the amp rating on each outlet. Example, if you have two miners, each uses 15a, and you have a 240v 30a outlet with a PDU attached to it, that would be 100% of the capacity of the outlet and that's a severe fire hazard. Do not exceed 24 amps of continuous output from a 30a outlet, that's the 80% rule. Do not exceed 80% on the entire electrical panel. You'll need PDU for each miner or possibly 2 miners per PDU depending on power draw. Filtration is the biggest thing after heat dissipation. Make sure you can get the heat off of the miners to keep them running. If you have really good air flow, and good air filtration, and do not exceed 80% of the power draw you're all good.
I live in a hot area in Texas. The summers are very hot. Im contemplating how to get around this period of heat. Any recommendations you might have? so pulling in outside air will be very hot sometimes.... too hot. Any help appreciated. Thanks
Look into immersion cooling
@@minutemanprep Thanks for reply. Yeah, I did. I just find that messy and hard to scale. Considering digging into ground more. But no real good ideas for the hot summers, at this point......
what is your PSU and that PDU youre using called?
Server Technology CW-24V2C311A1 Master & Link Switched PDU's 240V C13 C19 L6-30P
Do you have a link to the temperature reader?
www.ebay.com/itm/193736355710?hash=item2d1b962f7e:g:h1sAAOSwf9pfoivh
Cost of starting?
Looking to get started now, i have the perfect space to do so. Also prices are substantially lower now, would you say kda is a good choice and which miner is best im looking to get at least 5 to start.
KDA is 100% the absolute best option. I just bought a Bitmain KA3 miner, it will do 9x more production than my KD5s. If you need a dealer let me know. My KA3 is expected to ship by Jan 31st and I will hopefully buy more before then.
@@minutemanprep are you a dealer?
@@user-uq6vh3ps7m Yes.
@@minutemanprep what is your website?
@@user-uq6vh3ps7m I don't have a website. just shoot me an email to minutemanprep@gmail.com. The prices change so much I can't keep a website updated.
Ty sir
Do you consult for start up mining farms? Looking to start one in Idaho…
Yes, I have done that for a number of groups and individuals. Shoot me an email to info@chainrushcrypto.com.
Fans don't put out their reported CFMs in every situation. It depends on how much resistance there is. Those numbers are generally with no resistance at all. As a general rule you need twice as much surface area on your passive intakes as you have of active fan exhaust ports area. I doubt you do.
Look up "fan curves"
Glad you made this video. Are you going to pre-order the KD6?
Yes. If you're interested in getting one you can email me at minutemanprep@gmail.com be advised they're already selling out very quickly for may and June preorder
That conduit wasn't a surprise, it's building code that all the electrical is exactly at that point in the wall. You should have known that before you started drilling into walls.
You can also see the conduit going into the wall.
How much time do you spend working on farm daily??
Generally 0mins/day. Because I am in a cold climate I somtimes have to go adjsut the exhaust fans to either increase or decrease the air going out, but other than that, nothing. I had to reduce exhaust today cause it got so cold last night, but when temperatures aren't plummeting, I'll only go in the mine at most once per week for just a minute or two. 99.99% passive income.
@@minutemanprep amazing job👍
How loud does it sound from outside on your set up?
Not very loud at all. At about 1:20 in the video I am standing directly outside the door and you can hear the dull roar in the mic and it's very quiet.
@@minutemanprep I meant outside the exhaust fans. I ask because I don’t want the neighbors complaining when I set up ASICS. 😅
@@jorge8672 If you're neighbors are in their hosue, they won't hear the fans or asics at all. But if your neighbors are outside on their back porch or something, they'll definitely be able to hear them.
Thanks for the video I would really like some advice as to were you recommend buying equipment . I currently have a farm and want to expand as well as meet more like minded people like your self
Great question. I got a good amount of my equipment on eBay. I'm a dealer for miners so I got the miners myself but then the power strips, were ebay, the fans were amazon. I'd love to meet more like minded people as well
@@minutemanprep so any safe ways to do that ? So both know it's really us lol 😆 there are too many fakes. I have some ideas I'd like to brain storm with other people in this industry
@@minutemanprep maybe we are near eachother? And can make something happen ? I'm looking to get more involved with the community as a whole . It's more than just money 💰 to me
@@Jg-ni2qz Maybe, I'm in Idaho. I think it'd be pretty hard to meet a number of people online to get together since everyone will likely be from distant locations from each other.
@@minutemanprep yeah that's true we are all over the place. I'm in C.T...you say you retail miners as well?
I can't get KD5 miner and those resellers selling prices are crazy
Yes pretty much only on Ebay for used units way over priced. Im ordering kd6s for preorder. Those will be fun to get too
@@minutemanprep good you have it on pre order! Thanks for your all content in this channel.
by chance are you near post falls idaho?
Nope, but I've always wanted to go up that way to Couer d'Alene. Are you in Post Falls?
@@minutemanprep yes I am born and raised
hey, how is your farm going?
The KD5s are nearly obsolete right now which really sucks. But I have a new KA3 miner and am planning on getting many more of those.
wat wire cauge you used?
i used a numbr 10 and get a bit hot
For which wire are you talking about?
you have have 220 put in. Is there anyone here who could make or get me a Stirling engine that's bigger than a model?
How much you making a month?
Currently with 7 KD5 of my own miners it's roughly $500 to $600 USD worth of Kadena. I am not selling my KDA right now because I feel that it will increase in price significantly in the next 12 months or so.
I can introduce you to the best mining company
I came here for the bugout stuff and I love crypto. Own some. Though, it is a future hedge for a nice happy world. I doubt crypto will be worth anything when the shit hits the fan and we need to bug out....
is all of that in a house?? ballsy, the power company may come after you.
No I have an office space that I own that I converted that tiny room to be my mining room. By being on a commercial electrical plan I only pay $0.04/kwh which I can't do with a residential plan.
This guys sitting on an island somewhere retired now im guessing