I am still profitable after the ETH merge - How do I do it

[Induna]

The ETH merge have hit miners hard! Unless you have cheap power (and less load shedding), it is not profitable.

I am doing it a bit different, as I invested in solar (not for mining purposes initially) more than a year ago and expanded on it. (hint: ESKOM)

By having schedules setup in HiveOS, I am only mining during the hours that I am generating enough solar energy to feed the whole farm, as well as cycling my LiFePO4 batteries.


For now (at least) I am making profit, so it is still worth mining for me for 12hrs per day.

 

[Voldoverse1]

eyyy i see red panda gave you a shoutout! NICE

 

[Jellybeans]

@Induna

Hey brudie you still mining at the moment, what miners you using as I’ve felt since the eth split I’ve completely stopped. Not sure if I should carry on mining or sell the rig?

Your thoughts suggestions would be really appreciated.

 

[ettiene]

YouTube views about mining probably more profitable then mining itself

 

[JanvN]

Interesting approach.

If anyone is looking for profitable miners (despite Eskom price), we (@Sell Your PC ) have a batch of Antminer KS3 9.4Th miners that are beastly even after paying pre-paid power rates.

 

[Dom]

Interesting approach.

If anyone is looking for profitable miners (despite Eskom price), we (@Sell Your PC ) have a batch of Antminer KS3 9.4Th miners that are beastly even after paying pre-paid power rates.

Just factor in tax (before profits)

 

[Induna]

@Induna

Hey brudie you still mining at the moment, what miners you using as I’ve felt since the eth split I’ve completely stopped. Not sure if I should carry on mining or sell the rig?

Your thoughts suggestions would be really appreciated.

Yes, I am still mining. My solar system had been keeping me going.

I have a range of miners. I diversified into different types of hardware, i.e. GPU's, Iceriver asics as well as some Vast.AI machines.

 

[Induna]

YouTube views about mining probably more profitable then mining itself

My channel is not monetized, so I get zero YT revenue... 👍I do it for fun.

 

[JanvN]

Just factor in tax (before profits)

Spot on - #NotfinancialAdvice - but anyone getting into mining is more than welcome to have a chat with me on how to manage mining gains long term as capital gains.

When we speak "profitable" miners, for the broader forum = you make more money than what you pay on electricity

 

[Dom]

Spot on - #NotfinancialAdvice - but anyone getting into mining is more than welcome to have a chat with me on how to manage mining gains long term as capital gains.

When we speak "profitable" miners, for the broader forum = you make more money than what you pay on electricity

Hit up @Jack Rabbit Group as well (tax, financial, anything)

 

[raskad87]

Just factor in tax (before profits)

Crypto mining profits should be tax-free in my opinion, especially in this country.

Considerong you have to generate your own power just to keep your hardware running.

 

[Dom]

Crypto mining profits should be tax-free in my opinion, especially in this country.

Considerong you have to generate your own power just to keep your hardware running.

I can start this (if you want)?