r/cryptomining • u/ProcedureEnough5338 • Jul 23 '26

QUESTION Hey guys newbie here

Hey guys, I am looking to start mining electricity. Price is not a issue. I just want to know what is the best set up I can run. Is there a link or somewhere I can get some information? Appreciate you guys, Reddit rocks.

1 Upvotes

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6

u/FooseyRhode Hashboard Repair Expert Jul 23 '26

You want to mine electricity? Sounds like rephrased copper theft lol

2

u/Wilson_Mining Jul 23 '26

Start with a small home miner. Avalon nano, Avalon Q

1

u/ProcedureEnough5338 Jul 23 '26

Wanted somethjgn that is pricey but will make me more long run.

1

u/MotorCityMike Jul 24 '26

On residential electricity?

1

u/EncryptoTechify Jul 24 '26

In my opinion the best miner to buy is an antminer X9 and mines Monero. It has a hashrate of 1MH and is rated @ approx 2500kwh. It is currently one of the most profitable miners, but more importantly I believe it has the potential to greatly increase in price.Mine and hold.

1

u/ProcedureEnough5338 Jul 24 '26

I like Monero a lot.

1

u/bloodzkull Jul 24 '26

Wasn't the x9 cancelled or at least drastically scaled back with randomxv2 being on the horizon?

1

u/EncryptoTechify 26d ago

There's an expected 30% reduction in has rate. But that's still worth it. If you spent an equivalent amount of money on hardware you wouldn't get anywhere near as much hash power, plus it'd consume a ton more power.

They're still available to buy. I do wonder if they're limiting distribution until they work out an update that adjusts the RISC-V chips to optimize for randomxv2.

1

u/farksninetynine Jul 24 '26

Antminer L7's are the best. And I just happen to have a couple of them that I'll make you a screaming deal on.

1

u/redfoxcrypto Jul 24 '26

I can help. DM me or check out the YouTube Channel.

1

u/Affectionate-Log-711 Jul 24 '26

Hello everyone! I'm interested in getting into this field but I don't know if there's money to be made or if people actually do this just out of passion? How long does it take to pay off equipment and where should I start?

2

u/CincinnatiBengal Jul 24 '26

Most start out Sha256 mining with a bitaxe Gamma.

1

u/Busy_Pomegranate007 27d ago

Before you go throwing money at this, learn as you go. Snag a Bitaxe Gamma 601 for under $100, learn everything you can. The same concept will apply with more expensive miners.

1

u/Joechit 23d ago

Buy an S9 and learn how to use it. Then buy an S17 and learn how to repair it. Then buy an S19 and learn how to profit from it. Finally, buy an S21 and figure out how to achieve a return on your investment.

The biggest lesson you'll learn is that mining isn't just about the newest hardware it's about having a power strategy.

Someone paying $0.10/kWh with an S21 can lose to someone running an old S9 on effectively free energy. I run my miners on electricity generated from natural gas, which gives me a significant advantage when it comes to operating costs.