reply on: Is it safe to buy used miners? \ stacker news ~bitcoin

65 sats \ 12 replies \ @Wumbo 9 Aug \ on: Is it safe to buy used miners? bitcoin_Mining

Is it safe to buy used miners? (Any ways to ensure the firmware is leggit?)

A: I would updated firmware when you get the miner. Download the firmware and check the hash of the software before flashing miner.

What do I need to hook them up? (UPS, racks, Ethernet cable?)

A: 110/220 volt (depends on the miner) outlet, Power Supply (some times you need to add this as a option during checkout), and Ethernet cable or wifi dongle.

Is it a good miner to acquire (since it is recent) or should I deploy more capital to get newer one?

A: I would suggest grabbing an old s9 miner. They are super cheap. You will learn a ton and get you started for cheap. After that you will be far more knowledgeable and have a nice space heater in the end.

Check out KaBoomRacks if you want a used miner. @KaboomracksAlex post on SN

What else do I need to think about?

Think about what pool you want to join. Braiins and Ocean have lightning payouts which is great to see results the next day.

You don't have to run the miner at full wattage. Keep in mind you might want to turn down the wattage in the settings.

Also you may want to upgrade to quieter fans. If you are going to be in ear shot of the miner

67 sats \ 0 replies \ @kepford 9 Aug

I second the Kaboomracks folks. They are very helpful and if your machine has issues they make it right.

Edit:

I think the bitaxe is the best place to start though. Go through their recommended sellers list that support the project. Its great to learn about mining with a small miner first with little investment. Mining isn't something I do seriously but I have learned a lot and it was just a part of my dive into bitcoin. Mining profitably is pretty hard but isn't impossible for plebs depending mostly on your energy costs. Regardless of that the Bitaxe is great. I think everyone should have one or two.

41 sats \ 1 reply \ @jp305 OP 9 Aug

OK, so checking the firmware is enough?

I read good things about Ocean!

0 sats \ 0 replies \ @031ef7d322 10 Aug

Just install new firmware, no point trying to check what someone else installed on it (or neglected to update).

21 sats \ 8 replies \ @Bell_curve 9 Aug

https://t.me/kaboomracks/7032

500+ qty MicroBT Whatsminer M30S 88T 38J/T for Sale Used in Good Condition, B+, tested (can provide report) — $270 each — ㄴwhich includes shipping bulk pricing available ➪ @kaboomracksCEO minimum order qty of 200 70 units ships from Texas 🇨🇱 Contact Sales ➪ @kaboomracksCEO #kb02275 #used #sha256 #usa | August 8th, 2024 🇺🇸 Miners for Sale ➪ @KaboomracksAlex

21 sats \ 7 replies \ @jp305 OP 9 Aug

Sounds like a good deal but I'm outside the US and want to avoid any interaction with duty.

42 sats \ 0 replies \ @Wumbo 9 Aug

Check out bitaxe as a low cost miner.

Sellers of bitaxe. Maybe one close enough to you to avoid duty https://bitaxe.org/legit.html

21 sats \ 5 replies \ @Bell_curve 9 Aug

Fair enough

But there are cheaper ways to learn. I would have a friend negotiate for you.

21 sats \ 4 replies \ @jp305 OP 9 Aug

I'm curious why you think it's not a good idea to buy more recent hardware to learn! Is it because these devices have a tendency to fail? Or setting them up is hard?

You are totally right that it could be a fun week-end project before shelling a couple of Ks on this.

42 sats \ 2 replies \ @Wumbo 9 Aug

I think most common "issues" new miners have is:

This thing is loud
My house is now 95 degrees
Not understanding power draw of a miner.

21 sats \ 0 replies \ @WeAreAllSatoshi 9 Aug

I don’t even own an industrial miner and I feel this lol

0 sats \ 0 replies \ @Bell_curve 9 Aug

plus: this thing is outdated and a money pit

0 sats \ 0 replies \ @Bell_curve 9 Aug

Edit: are you on telegram? Talk to Alex from kaboom racks who has posted on SN

I don't want you to waste your money or spend it w/o prudence

I don't want you to get ripped off especially since you want to avoid import duties or tariffs