Equipment Advice

Serpent1126

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Jan 12, 2021
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Any advice would be great. I have not done any crypto mining other than a few tries a few years ago on a pc. The company I work for does IT stuff and one of the data centers I deal with offered to give me a full rack for $400 a month, with unlimited internet, power, and they keep the data center 60 degrees year-round. I am thinking of getting the rack and putting it to use for mining. Good idea or bad idea and why? If it is a good idea what equipment would you suggest? Any help would be great.

Thanks
 

AgnewPickens

Moderator
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Mar 11, 2017
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Any advice would be great. I have not done any crypto mining other than a few tries a few years ago on a pc. The company I work for does IT stuff and one of the data centers I deal with offered to give me a full rack for $400 a month, with unlimited internet, power, and they keep the data center 60 degrees year-round. I am thinking of getting the rack and putting it to use for mining. Good idea or bad idea and why? If it is a good idea what equipment would you suggest? Any help would be great.

Thanks

Unless you plan on mining a CPU algo coin, you will need ASICs to mine coins, and there are not many CPU mineable
coins worth mining.
 

Serpent1126

New Member
Jan 12, 2021
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That is about as far as I got with my research. ASICs look like the only option these days. I am not sure if I am confused the way I am looking at them. Besides being hard to get it seems that the vast majority of them you would barely break even on even with factoring in the power.
 

BrendenNolan

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Jan 21, 2021
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The best Mining success rule is always to use your 50% of mining profit for up-gradation of your machine and sold old machine even if it is profitable.
 

stan.distortion

Well-known Member
Oct 30, 2014
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If you've got free electricity then it's fairly easy to be profitable, previous generation hardware can pay for it's self in a reasonable timeframe but genuinely free electricity isn't easy to find. Mining in rented accommodation was a big thing at one point, the landlord priced normal electricity costs in the rent but when they where hit with huge electricity bills they weren't happy, quite a lot of court cases over it. Maybe your data centre has a renewable supply with a surplus but that isn't likely, getting genuinely free electricity is the key point imo and that pretty much always means a renewable installation.