I'm thinking about getting my first home ASIC miner (i don't know which one as lower power need ones does not seem to make any profit vs electricity cost), but is that even an option with electricity price as high as 0.0829 / kWh or should i just get multiple nerdminers/bitaxes and/or buy cloud hashrate ?
I live in Finland and yes i know it would be better to invest into crypto and do trades with starter pack to remove fees, but i want to mine on my own and in pool to make that profit faster.
I did CPU/GPU mining 10-15 years ago and just tried again, but with single CPU/GPU hashrate it's a losing game in 2026 even if you make max. 10 bucks per month with one computer it seems like a waste of time vs electricity cost as it's running 24/7 and no point stopping/adding timers to mine if done so.
Any suggestions are welcome.
Thanks.
Need info about ASIC's 2026 for monthly profit.
byu/0Markz0 inBitcoinBeginners
Posted by 0Markz0
1 Comment
https://www.lopp.net/bitcoin-information/mining.html
Understand difficulty https://en.bitcoin.it/wiki/Difficulty
Avoid cloud mining (Most are ponzis, fractionally reserve mine, or charge too high fees = you will never ROI). In some jurisdictions cloud mining is considered an illegal security as well
Use an accurate calculator like this and set at least 4% difficulty increment or higher https://insights.braiins.com/en/profitability-calculator/
and only use modern ASICs like
– https://canaan.io/store/
or these for smaller miners :
https://bitaxe.org/
Not following these guidelines means you will almost be guaranteed to lose money
https://econoalchemist.github.io/Home-Mining/