how much money do you need to start successfully in crypto mining?



Understanding the crypto mining and crypto miner market

The cheapest entry into #cryptomining can already be implemented with the purchase of a fast #graphics card. An #RTX3070 or faster and a standard PC is enough here. However, the margins have now become very small and with the exploded #electricity prices in Germany, the #return is becoming alarmingly low.

Professional crypto mining currently starts at around 5,000 euros net. These are high-performance servers, so-called #ASIC’s, which were specially manufactured for mining a #cryptocurrency.

ASICs are impressively efficient and at the same time trimmed for the maximum hash rate. The #AntminerE9 replaces almost 40 RTX 3070 graphics cards with just a third of the power consumption.

The crypto market has its own rules and so the purchase price of an ASIC is closely related to the exchange rate of the cryptocurrency it is mining. That’s why you don’t usually find any binding prices on the Internet, but very often the information that concrete prices can be obtained on request. Of course, there are also shops here that initially offer a low price and then later ask for a higher fee.


Yield examples and mineable coins

At the moment, with an investment of EUR 5,000, you have 4 choices (we will leave out the devices that don’t make sense in this article):

  • Bitcoin mining with a return of around 1.8% per month
  • Ethereum mining (including the option to switch to Ethereum Classic) with a return of around 6.4% per month
  • Nervos Mining at a return of around 3.1% per month
  • Handshake mining with a return of around 2.6% per month

Important here: Hosting in the USA was always calculated, which means: electricity prices from 11.5 cents and a hosting fee of 10% of the profit. Installation, cooling, update or other costs no longer apply, with the exception of repairs.


Optimizing mining returns

Of course, there are also many adjustment screws here as to how you can get even more out of your #investment.

The first and biggest option is to find a site where your miners are operated with care and where electricity is as cheap as possible.

The second option is to select the miners themselves. The more you invest, the greater the choice of miners and at the same time the purchase prices decrease. We often combine our customers’ purchases with a bulk order, giving that extra sparkle.

The third option is automatic interest on the proceeds. There are different approaches to this and every additional profit is also associated with an additional risk.

There are a few more options, but they depend on the situation. We’re happy to go through each option with you before you buy.


Ideal location for your miners

At first glance, it might not sound that difficult to find a suitable place for your miners. After delivery, however, it quickly becomes clear that it is not that easy after all. Even a single miner can make noise, 24 hours a day, 7 days a week.

The second sticking point is the high temperature development. The little rascals constantly blow warm air out and not too little. 500 sqm3 / h are quickly in here – per miner!

Yes, and the third glaring point is the price of electricity. Crypto mining could still be operated in Germany until the beginning of 2022, but the exploding electricity prices put a big spanner in the works. Only the operation on your own solar or wind power plant still makes sense and that only to a limited extent (night storage or grid purchase etc.)

We have shipped our farms from #Germany to the #USA and offer our customers the opportunity to set up their miners in our mining farms.

This is called #MinerHosting.

The wonderful thing about this is that we also run our own crypto miners in each farm and it is in our own deep interest that the mining runs perfectly. Nothing is worse than miners standing and not working.

Another big plus is that over 75% of our mining farms in the States are already powered by alternative energy.


Make an appointment

We are happy to arrange a consultation appointment, either by phone 05063-6329790 or by video call:

We look forward to you!

By admin