Before you get started
Run your numbers:
HashRate Index
- Miner Revenue, Profitability, and Power Consumption by rig
- Bitcoin Mining Profitability Calculator
- Check historical revenue averages and miner price over time
Things you will need
Next Gen ASIC from KaboomRacks
- Miners are cheapest in the depths of a bear market
- S19J Pro+ 120Th miners are now ~$2000
Cheap Electricity via ComparePower
- Zero fees
- Ability to compare power plans across a wide number of providers, find the best rates, and switch anytime.
- Easy to read: Facts Label, ToS, YRAAC
- Was able to save ~ 5c /KwH
Upgrade your home system
If you have a spare 220V Outlet you may not need an upgrade at all.
Find a space where you will install your miners
- Take into consideration noise, heat, and airflow
- For me, I installed 2x 240V Outlets in the garage for winter mining and 2x 240V outlets in my office closet for summer conditions.
Hire a licensed and bonded Electrician
- Check your miners’ power consumption needs
Mine was 200-240V, 20 Amps, 3300 Watts - Shop around and get several quotes
I was able to find a competent electrician to upgrade my panel breakers and install 4 new 240V outlets for ~$600
Home mining is a learning process
Learning tips and tricks from fellow plebs
- https://t.me/HomeMiningWizards
- Lots of resources on underclocking, overclocking, hacking, immersion mining, enclosures, and more
- Someone offered to sell an Upstream BlackBox for only $500 + Shipping (normally ~$2500+)
Building an enclosure
- These things are loud and hot!
- Commercial enclosures start ~$1700 and go up from there (https://shushminer.com/ & https://shop.upstreamdata.ca/product/ohmm-black-box/)
- Dialectic fluid immersion mining may be ideal for home miners in hot climates, but ready-to-install kits are more than $2k (https://shop.foghashing.io/products/immersion-cooling-kit-c2-1?variant=41294979203123 & https://www.minestack.store/products/dcx-bitpod-icp15 )
- Econoalchemist DIY BlackBox Guide