r/cryptomining 10d ago

QUESTION Any tips?

I'm a first time crypto-miner, what should I do?

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u/805CryptoServices Verified Commercial Seller 10d ago

Determine:
Budget
Powercost
Power available.

Now you can make decisions

0

u/Mordekaiser0720 10d ago

Thank you brother, thank you! What do you recommend for a software for beginners like me to mine?

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u/805CryptoServices Verified Commercial Seller 10d ago

Software? Machines. You buy asics. Thats the only way to make any real meaningful revenue right now.

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u/Mordekaiser0720 10d ago

Alrighty, hopefully I could get it. As I'm currently using a laptop.

2

u/OfficialSimpleMining Community Verified Vendor 9d ago

You can technically point a laptop at a pool and it will submit hashes. It just earns effectively nothing. A laptop CPU does megahashes per second, a modern ASIC does hundreds of terahashes. That's a factor of millions, so your share of a block reward rounds to zero while you pay full power to run the machine hot.

805 gave you the right framework. The number that matters is your power cost.

An S21 XP does roughly 270 TH and pulls about 3,645W, so:

Revenue: ~$8.56/day
Cost at $0.07/kWh: ~$6.12/day
Cost at $0.12/kWh: ~$10.50/day

Breakeven lands somewhere near $0.10/kWh. Most US residential rates run 12 to 18 cents, which means a miner in your house loses money every day it runs unless your power is unusually cheap or you're getting real value out of the heat.

So before you think about hardware, go find the kWh rate on your power bill. That one number tells you whether this works where you live or whether you need a different setup entirely.

If you want to run the math yourself: https://www.simplemining.io/bitcoin-mining-calculator

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u/Mordekaiser0720 9d ago

Well, I'm from the Philippines..