today we're going to be looking at the best miners to buy here in October 2024 hey I'm BOS you're on the Bosco YouTube channel I'm a miner I also make content here on the tube so I hope you subscribe and stick around the mining Market is always rapidly changing I do this research for myself for my own mining farm and then I enjoy turning around and sharing it here with you all this data is what I use to make my decisions for my next minor Acquisitions there are some new exciting cheap miners that have come out that earn more than they buy burn in electricity it's especially applicable to at home miners right we're talking about devices that you can plug in at home for 500 bucks that turn a profit we're also going to be looking at best-in-class miners for of course Bitcoin and many other cryptocurrencies some of these miners can earn over $50 a day after accounting for a typical electricity bill there's a bunch of mining profitability calculators out there we're going to look at a couple of them today right you look at this and you see these chart Toppers and let's let's talk about the most profitable minor in the world right now I have it it's called The bit man ant minor al1 uh so they were undercut by Ice River on the A3 the A1 cost over $30,000 and when I acquired it that's what it was trading at the AO3 on the other hand came out at like 12 or 14 or something and quickly cut all the way down to $10,000 per machine the money profitability has dropped so drastically on this it is set up to be the the worst minor acquisition of my freaking life uh so you can see that I got it plugged in on the 6th uh and then on the seventh so I I haven't even had this deployed a month and you can pick it up for onethird of the price and that's exactly why in today's video I I'm not into Al mining at all uh I'm having this bad experience and I'll talk about it more in another video but the point was the old logic used to be if you're a first batch minor buyer you're good not true anymore not using that rule any more ever again uh so Al miners super risky then you have this absolute Behemoth uh that is the S21 exp and it seems like a really profitable Bitcoin miner but it's basically four Bitcoin miners wrapped into one understand what kind of power draw that is 11,000 Watts that's huge that that's four full-size mining rigs essentially right so we look down the the list we see Dogecoin miners we see Caspa miners we see these other altcoins like uh radiant and many others and so we're going to run through those things uh but I can firmly say that I think Al mining is so scary and so risky uh the AL cryptocurrency is only putting out 88 BTC of emission per day right so that's like $50,000 $555,000 in newly mined coins per day uh the fact of the matter is I'll probably never make my money back on this and the tragedy is that you can pick up the same device that I got about a month ago for onethird of the price it I assure you I have not mined 2/3 of that Miner's price or even close to it so let's talk about something good right we have these new little mini miners the A2 for Al for $1,400 and the ks2 light uh so that's coming in at 650 on resellers we're affiliate with a few resellers that we like and work with and order from uh for example Asic Marketplace we have a coupon code but if you enjoy the free content please use our link down in the video description below because if you only use our code uh we don't get any credit it doesn't help us keep making all this content all the time I work on the mining farm and vcoin fulltime along with Alexa and we have an incredible editing team that's full-time with us as well so it's a lot but it's fun and I and I think it's a worthwhile Endeavor uh direct from Ice River uh we've got a link and a code with them as well for what it's worth uh they still have these in stock you can see the shipping estimate here 500 bucks and remember to get your own power cord so you're not sitting there uh unable to deploy day one but this is a very typical power cord uh so I mean you could grab it off most Electronics in your house what's the expected profitability right so these are going to be two of the most viable little at home miners uh so we'll put in KS and we'll go ice ice river right and we see al2 light supposed to make $6. 50 a day after a 7 Cent per Kow electricity bills what what we have out on the farm now thankfully uh and the ks2 light is supposed to earn a120 a day so I would estimate that's going to cost some average person around a dollar day to run same with the other model they have the same power consumption of 500 watts each this seems really lucrative today I think that at the higher price point that I don't know if people ever make their money back on this honestly I I I think this ice River al2 light is trash uh we'll see alium mining is essentially making mining manufacturers Rich uh and miners poor that's how it's been so far if it changes well hey I'll let you know the ks2 light much more established ecosystem at this point two bucks a day profits $1 a day electricity expected to earn $41 over the next year TBD will see honestly at the price points though I still don't find this minor interesting it's not something that I'm eager to pick up it's just not earning enough for the price you used to spend 500 bucks on a minor and it made 3 four five $10 a day now now you spend 500 bucks on a minor and you make two bucks it's just not enough the risk versus reward right I'd honestly I'd rather just throw 5 600 bucks at the cryptocurrency with this equation it's just not enough for me risk versus reward that's what it all comes back to and of course your spent opportunity cost so that's where I turn my focus uh to this other at home minor alphapex DG home one uh so the alphapex miners are good they're better than the minor l7s they're worse than the minor l9s the performance of my three DG ones I have deployed on my farm have been fine they've been good uh so 2,100 mahash a second or 2. 1 ghash a second consuming only 630 Watts so depending on your electricity rate costing around a dollar a day to run what kind of profitability could we see with a device like that the estimated mining profitability would be $2.
15 a day after accounting for the electricity bill and you look at the other ones that cost less and make similar or more or whatever yeah the bottom line is this is still a very expensive device but what it does mine is an old cryptocurrency it can do triple mining so it's mining Doge as well as Litecoin and also Bells all at the same time not that I think Bells is going to be a viable long-term mining addition to this equation but it's good in the short term putting out $1. 6 million of new coins per day old ecosystem established efficiency there uh you know if I'm eager to buy a minor and that's like the cap of my budget and it's you needs to be at home it needs to be quiet maybe I care if it looks cool or good or unique uh this is going to be the ticket there and that prices before you punch in our coupon code which takes a good chunk off we campaign for the best coupon code possible better than the ones they always have on their website but to be frank at home mining smaller scale mining viability is getting harder and harder uh it's becoming more and more reality that things like this are going to have to be offset by say solar power uh to really make it a worthwhile lucrative Endeavor you're burning your excess kilowatt hour generation versus like this is what I'm doing and I'm spent paying retail electric on that uh that just continues to go up year over year uh gold shell makes a lot of some small miners well suited for Ed home mining like you can plug all these into most outlets in your house uh most of them earn more than they burn but gold shell has been pricing their stuff so terribly uh the performance has been on the rougher side uh as it stands uh these are not interesting to me personally but I just wanted to make you aware of them and you can go and run the numbers of what they cost uh verse what they earn and so forth uh so let's switch gears and go to Bitcoin mining Bitcoin mining uh best-in-class Miner right now to order is the S21 XP and I haven't gotten one of these in hand yet I've been slowing down my Bitcoin mining expansion uh but apparently these are already ready to go uh these came from being announced to actually shipable just what seems to be so fast and they're supposed to have that cool new little LCD up there by the control board which will give you the IP address readout and maybe other information as a nerd I'm very excited for that Bitcoin mining is so expensive though uh it's it's so expensive uh we look at best Bitcoin miners you can buy right now their electricity cost rate is is essentially their efficiency uh you're spending less energy uh to be mining right and so the most efficient Bitcoin miner in the world that's air cooled is the S21 XP at 6 cents let's change that to at least 7 cents it's 7 cents per kilowatt hour that's going to cost me $612 a day to run I'm going to spend half of the what I earn on it the day one I get it out of the box on electricity if you know the history of mining it never used to be this basically poor of a upfront return it's that competitive that's the downside with a dozen or more million billion dollar companies that are publicly traded that literally solely M Bitcoin it's crazy but yeah $12.
