Antminer L9 3 Months Later - Buy The Coin Or The Miner?

Antminer L9 3 Months Later - Buy The Coin Or The Miner?
In this video I look at the Antminer L9 profits and if it was better to just buy the coin instead or not.
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[@RabidMining]

Buy The Coin or The Miner? What Do you think?

[@mikemetcalf1498]

Buy the coin.

[@survivalSC]

Buy the coin if something is mined on asic miners. Once the hash rates go up then the profits will crash

[@RabidMining]

@survivalSC yes but scypt has been around for years this isn't kaspa

[@minerjoel]

Litecoin profitability has been more stable then the new asic coins.

[@survivalSC]

@@RabidMining no I agree. I was meaning the profits on doge will crash. I have been mining LTC for years. It’s one of my fav coins for sending money.

[@mainegreengrower4209]

Like the Gold Rush..the ones selling pick axes are the ones that got rich..

[@Priest_Of_Zebak]

If you have good electricity costs or solar then it's worth it even when prices are a little high. If not buy low sell high and when you buy low you can make more profit since less people are mining. I've seen a website or 2 that haven't jacked up prices for scrypt miners since the boom too. Same price as 6 months ago. Same prices

[@83nicebass]

​@@Priest_Of_Zebakany mention of sites?

[@83nicebass]

Ive bought 80gh of scrypt miners. Id love to see sites that are selling dg1 9.5 for under 5k

[@B_ROB_82]

and cryptominerbros is making the axes lol they are a price gouging specialist and their miners cost at least 2x what the retail is so its never going to be better to mine unless you get extremely early and lucky

[@MarioLuigi-vb3rp]

That’s these channels

[@saminekunis8680]

I could not agree more with what you said. GPU/CPU & Asic Mining combined are the only way to long term financial Security.

[@johnnylang8237]

I was a miner but over the last 2 years I have become a trader......I make way more money trading then I ever did mining...

[@yoeeeriii]

hey johnny wat are your trading tactics & strategies? do you do daytrading? happy new year to you

[@FearTheForce]

Lyer

[@dubbyx8490]

The shorter the duration to a coin's pump, the more sensible it is to buy the coin.. If you bought the coin at L9 launch, and sold right now you could have bought 3 L9s.. A much better path IMHO.

[@jordana1611]

What pool are you using in mining Dutch? Can you do a tutorial on how to set it up? I plugged my new l9 in and only got 158 doge all fully converted. The pool had 12gh but my miner did 16. Is that an issue? Or should I not be using pps

[@JuanEliasCiprian-h6e]

You mine alone or in a group with the antminer L3+, a few days ago I bought one, but it hasn't arrived yet, that's why I'm watching the videos to learn how to configure it, another question, which one works best with the program What does the same miner bring or in hiveos? And what mining pool would you recommend?

[@RabidMining]

I like powerpool.io and mining dutch.

[@bradbiondo6120]

At this point the miner as you have 6-8 solid months to offset the price increase.. not the coin at these levels .. in 6 months difficulty will go up probably 30% from current levels

[@RabidMining]

Yup and DOGEs peak could happen in the next few months as well and only go down from there.

[@shaunpoland5656]

@@RabidMiningbut wont the difficulty also go down once the bull market begins again.

[@Crypto_Junkyard_Miner]

Manufacturers is the only one making 🏦 bank

[@MRPOIN]

L9, which pool are you in? How much do you earn in dollars per day now?

[@RabidMining]

Am in powerpool

[@MRPOIN]

@RabidMining How many dollars does he give you daily at the moment?

[@JuanEliasCiprian-h6e]

rabid Mining With the Asic Antminer L3+, how long does it take to break a dogecoin block alone?

[@RabidMining]

Not sure probably months

[@HuntaKiller91]

Someday i might mine with solars But now before stonking i buy the dips

[@JuanEliasCiprian-h6e]

thanks for your help

[@RabidMining]

No worries!

[@shaunpoland5656]

If doge can reach $1 in the next months, I think a top of $3 is very realistic.

[@survivalSC]

The L3 is only going up because of Dodge price. Once that falls the prices will go down. Ltc is not up very much. I would say next 30 days dodge should be coming down alot. Dodge is all hype right now mostly. But in the end no one knows it could go up some more. But at some times we all know it will go down

[@RabidMining]

It's always DOGE for scrypt other coins don't make much LTC could 4x and only pay $8 a day

[@survivalSC]

@@RabidMining especially right now. Dodge is doing great. It should see some selling pressure in the next few days. It will be time to pay for the power bills lol

[@RabidMining]

@survivalSC true don't think it's real run started yet.

[@Priest_Of_Zebak]

@@RabidMining Doge much power, very wow.

[@Joseph_Rao]

Just picked up a mini doge 3 my first doge miner

[@Priest_Of_Zebak]

Did you get the plus version? It's way more efficient. Also how do you like it? Are you just doing it for fun or to be serious?

[@KenEwald-sr3ph]

What makes a person buy a $12,000 machine for a $0.10 coin? How long for the ROI?

[@RabidMining]

It's made 7k so far now.

[@KenEwald-sr3ph]

@RabidMining Yes but at $0.10 a coin it would have taken years to get your money back much less make any money. I don't see how any rational business person could justify that back then. That part just doesn't make any sense to me.

[@RabidMining]

@KenEwald-sr3ph DOGE was at the 10c now over 40c and who knows maybe $1

[@blessingandrew2743]

Mining requires large numbers of ASIC to make profits

[@ich_16]

5:46 i mean you couldve bought at that time and today you could by at least 3 L9 win win😂 i did it many times this cycle and the one before even during the small pumps in the bearruns

[@dubbyx8490]

My thinking exactly

[@BLEACH500]

Buy the miner but i wouldn’t buy a asic to do it id swap coins before i did that asics will wreck you like the kaspa

[@RabidMining]

Kaspa emissions wrecked miners

[@BLEACH500]

@ hey Rabid what would be the best cheapest used Octominer that you can fit 12 FTW 3070’s in ?

[@RabidMining]

@BLEACH500 not sure if minerdude ones are 8 or 12.

[@BLEACH500]

@@RabidMining im gonna have to do some research it looks like because most of them with the bigger power supplies only run off 200 plus volts with solar it was all set up for 120 volt why dont they put what the biggest gpu is that will fit in them i almost bought a used one from PCSP luckily i messaged because it didn’t fit 3070’s and they said they had nothing

[@RabidMining]

@BLEACH500 ahh should be able to use 750w PSUs they run off 120v most 1200w do as well but are only 900w when on 120v