Many have already read our past articles and may have begun to venture into mining as a result. But there will most certainly remain some who are yet to decide whether to take the step before all of the considerations are made of any pros, cons and pitfalls of each of the two options. It is these we will outline and describe here.
It would be helpful to be able to calculate and assess which option would likey pay off first, so to do so, a visit to whattomine.com is usggested. With this online tool, you simply select your video card on the GPU tab (or select the ASIC model), and then click “calculate,” after which the site will provide a result-set illustrating how much could be potentially earned per day at available capacities.
Comparing daily earnings with the price of a farm or ASIC, you can approximately calculate how many days the purchase of a farm will take to pay off. Why approximately? Well, like other currencies, the price of crypto-currency too, is subject fluctuation and market-driven movement. Additionally, the number of miners actively participating in this market increases day upon day, and the complexity of the technique of mining and gaining success from it grows accordingly. Despite the persistent rise in price of the dollar we have observed for much of 2017, miners have lost a portion of their profit, so this has enabled entry for a large number of newcomers.
In Moscow, the ASIC Antminer 9 costs about 250,000 rubles/4,250 dollars – the price tag on the manufacturer’s own site fluctuates around the 120,000 mark, though there will then be 3 months to await your purchase, not to mention transporting the device from Russia.Therefore, the cost of transportation should also be included in the overall price of the vehicle, and in case of a malfunction, it would be necessary to consider the cost of transporting the miner – A cost few could stomach.
It should not be forgotten that the S9 can return revenues of circa 1,500 dollars, which is already quite comparable to the price of the apparatus of speculators. ROI is no doubt a great thing, but each of the two options has its own merits and detriments.
The advantages of the farm are obvious:
- Video cards are always on sale, or generally so;
- Over the next two to three years they will be in demand, so can be sold to gamers;
- 1-3 year guarantees are in place, so a burned-out card can be replace for free with a new one, or a repair cqrried-out;
- A farm can be used in the home, as it is not excessively noisy and does not emit great heat and
- Various crypto-currencies can be minted, as the video cards support many different algorithms.
The disadvantages of these farms are not readily obvious, but still present:
- Initial assembly will require an experienced hand
- You must be abe be able to an install an OS and any necessary software applications.
- Farms are rather cumbersome.
- They usually take a great length of time to pay for themselves, and longer than an ASIC.
- Work straight out-of-the-box: Unbox, power-up, add funds, get mining.
- They pay for themselves faster than do farms.
- Waiting times for the next batch of devices to be ready from the factory are lengthy, and the cost of buying on the open market signifies a doubling of price;
- This is akin to a marriage, and the replacement of parts for an ASIC is complicated and rarely cheap. Lengthy waiting times for such spare parts is also off-putting.
- An ASIC is very noisy, so unless you use it in non-residential premises, it is going to prove itself a disturbance.
- As this kit generates a lot of output heat, appropriate ventilation is a must, but adds more into overall cost.
- Typically, ASIC extracts crypto-currency on one or two algorithms, but if either or both algorithms were to fall out of favour and be made redundant, so too would the ASIC itself.