This is a question I’ve been asked a few times and one we had to answer ourselves when we embarked on our own mining operation in 2017. It comes down to a combination of budget, what you want out of it, your balance of immediate return compared to long term gain and your exit strategy.
For us, we considered Bitmain’s Antminer (and ASIC miner) as a way to get Bitcoin directly. They’re hot, juicy and there have been nightmare stories about getting hold of them and getting ripped off, but they pack a punch, with the latest version, the S9 variants, producing up to 14Th/s and costing around £700-£1000 depending on source. Running at about 1600watts, it doesn’t take many to rack up that power bill. Continue reading “Should I mine ASIC or GPU?”
I love stuff where you take a redundant resource and make it useful, or take a business case and make it more efficient by adding new tech. This is probably why I love things like renewable energy or new tech that makes our lives – and planet – genuinely better. Mining for cryptocurrency probably doesn’t (yet) cover the latter due to it’s global power consumption issues, but I so strongly believe in it’s use case for the former that I can overlook this. For now, anyway.
I’ve had many businesses over the years, but for a couple of decades I owned a chain of internet cafes and games zones in the English home counties. We were the second to market in February 1997 and, at the time I sold the last of the branches in Reading, Berkshire town centre in April 2018, we were the longest running establishments of their kind in the UK. As far as I know, the new owner has carried on and built on what we started.
Continue reading “Mining on ‘redundant’ PCs”