Bitcoin Mining with the Futurebit Apollo Miner

[@Tacosmix]

Thanks for your clear breakdown! Getting mine this weekend for $600 (used before). I intend to keep al the mined BTC and expect good ROI in 5-10 years. Definitely not going to use turbo mode. (rather have the miner last longer).

[@SwanCastleCrypto]

Awesome, enjoy!

[@ruipedrovilarinho5560]

I Just found you a few days ago.... now i just made a search "future bit" and here you are again!

[@SwanCastleCrypto]

Haha nice!

[@padraicmcgross82]

Awesome review. This device is really for idealists who want to support the network directly. That's cool if you're convinced of decentralized finance. I can't imagine a targe of one million, rather 100'000. Then there's the question if this machine would last 5 years in constant operating state. BTC is the mother and definitely the most powerful and safe coin.

[@SwanCastleCrypto]

Thanks, good and valid points!

[@WiseSilverWolf]

My brother purchased this miner and set it up in his apartment, I asked him why he purchased a miner that only earns like 15 cents a day in BTC and he said that its because since he lives in a rented apartment he cant really change the circuit breakers to use one of those big miners that uses alot of electricity and the noise of the bigger miners is also a drawback. Hes also only interested in BTC (a bitcoin maximalist) so theres that too lol, he thinks all other coins are poopcoins.

[@SwanCastleCrypto]

He could look at hosted options for Bitcoin mining. He should really broaden his horizon, lots of really good other projects out there’re besides Bitcoin. But to each their own

[@WiseSilverWolf]

@@SwanCastleCrypto Yeah ive told him about broadening his horizons with other coins but hes pretty hard headed. Then agian I havent really had too much luck with other coins myself so he probably saved himself some money. I lost money with coins like MMF, MMO, Mshare, Deer, XDshare, Planets, PHNX, CRO, HNT. Now im trying to stay away from Cronos because all ive done is lose money with them and im trying Ethereum and Binance.

[@SwanCastleCrypto]

Yea it’s been a tough market for altcoins. It won’t last forever though

[@michaelvietzke7051]

Great video, but even with my solar power it will be hard to get profitable. But I understand your reasons. Money is not everything. We have fun doing this...

[@SwanCastleCrypto]

Thanks, yea sometimes profits aren’t everything. How big of solar setup do you have?

[@michaelvietzke7051]

@@SwanCastleCrypto 30kwp

[@SwanCastleCrypto]

Nice!

[@michaelvietzke7051]

@@SwanCastleCrypto My Problem is, a lot of capacity in the summer and increasing local energy costs. It will be hard to run a miner in the winter.

[@SwanCastleCrypto]

I’m hoping my miners double as heaters in the winter, making it more economical to run!

[@FoundSeventhGear]

buying btc with 500 dollars is the better investment

[@SwanCastleCrypto]

Yes it is, thank you

[@Think-For-Yourself-Man]

Not if you want Virgin BTC, which is priceless.

[@SwanCastleCrypto]

😂😂

[@jjleevoice]

Great analysis Jason!

[@SwanCastleCrypto]

Thanks!

[@powersource1988]

Its profitable now, even with my 34eu cent power cost

[@mavadd88]

For everyone saying to just buy btc directly, yea that’s an option… and also this certainly won’t make you any significant amount of btc especially after paying for the energy costs. But despite all of that, looking at the bigger picture, having something like this in 1000s of homes all around the world would really further decentralize and make the network much more resilient. There are a lot of potential attack vectors to big corporate miners but how do you stop small low power spread out machines like these all over the world?

[@SwanCastleCrypto]

It would be great for decentralization, but unfortunately mining has turned into a big corporate business making it near impossible for us to compete

[@mavadd88]

@@SwanCastleCrypto I dont think its a competition, because I cant compete for a block reward. I DCA for my bitcoin stash. I run a few TH in a pool simply to contribute to the network. At the end of the month I end up paying a few dollars in energy costs... in a few months ill be running it on solar.

[@PaulVazquezJD]

It would be cheaper to just bond some MXC to an M2PRO that you already own or buy a new one at Gigesy.

[@SwanCastleCrypto]

Probably true, but that isn’t real Bitcoin mining

[@PaulVazquezJD]

@@SwanCastleCrypto I think it's real bitcoin.

[@SwanCastleCrypto]

It’s real Bitcoin you’re getting rewarded, but you’re not actually mining it with your M2 Pro

[@flyheli]

Cool toy, looks really sharp. What would be the next step up for profitability... did you look into that?

[@SwanCastleCrypto]

For Bitcoin mining, you would have to go to a full size Bitcoin miner such as one of the Bitmain S19 or S19J models. There are other manufacturers as well, but your looking at 4k+ per miner and loud/high heat.

[@koosh138]

how'd you get yours to even start at day 1? mine has been syncing blocks for 2 weeks and only have 99% of the blocks,, oor am I forgetting something in the setup?

[@SwanCastleCrypto]

To be honest I don’t remember, it just worked

[@koosh138]

@SwanCastleCrypto i might just have a faulty one, because even now it refuses to connect to any pool. So, I cannot even get the miner started.

[@jglobe2430]

Thanks for the video. How are you able to see how much BTC the Apollo is generating? Is the info on the dashboard?

[@SwanCastleCrypto]

It’s not on the dashboard. I get it from my mining pool

[@jglobe2430]

@@SwanCastleCrypto oh ok. i joined Poolin. but this seems confusing as a new user.

[@jglobe2430]

@@SwanCastleCrypto what website are you using?

[@SwanCastleCrypto]

I stopped using Poolin and switched my miners over to F2Pool. Poolin’s interface is pretty bad and they have had liquidity issues so they locked/stole everyone’s money that was using their Poolin Wallet. Unfortunately F2Pool’s interface is even worse and more confusing…but at least they haven’t stolen my money yet haha

[@jglobe2430]

@@SwanCastleCrypto oh dang, sorry. I live in Seattle and was wondering if location makes a difference and if so how to pick a local mining pool.

[@thelastname2k]

Maybe it might be worth looking at solo mining and maybe hitting a block. A long shot I know.

[@SwanCastleCrypto]

Very long shot, but I like the idea!

[@Mattbriggs85]

Can the company brick these in future I.e. you need use there pools or there website run the rigs etc.

[@SwanCastleCrypto]

I don’t think so, but I guess anything is possible

[@Mattbriggs85]

@@SwanCastleCrypto Do you think this will branch out to other coins e.g. Kadena, doge etc?

[@SwanCastleCrypto]

Futurebit already sells a script miner which dual mines LTC/DOGE. Not sure what their plans are in the future.

[@consciouscrypto3090]

Wait, couldn't you just spend the $927 on BTC and have it automatically be more than 0.0153 you just bought?

[@SwanCastleCrypto]

Yes lol

[@AtomicMining]

These are more or less for giggles, supporting the network, and or solo btc mining chances aren't 0 for hitting a block and it's essentially DCAing like a lottery ticket

[@SwanCastleCrypto]

Yep pretty much!

[@Tacosmix]

@@SwanCastleCrypto Value after 10 years of BTC mined may even buy you a car by then. That's not for giggles ;)

[@jamesstuart5580]

It uses a normal outlet correct? Just 120V? Don't need a dryer outlet for 240V?

[@SwanCastleCrypto]

Correct, just need a normal 120v outlet

[@mathieuriendeau8398]

Just buy bitcoin directly!

[@SwanCastleCrypto]

Yes!

[@koosh138]

if only I could afford to

[@fais2525]

1m BTC prce? damn it cant even go 100k yet..... if you Doc.strange then i believe you lol if

[@SwanCastleCrypto]

Haha yea I know it’s a stretch right now, but 5 years is a long ways off

[@powersource1988]

100k now

[@Perezosos309]

7:20 😂 today > 50k

[@SwanCastleCrypto]

Still not profitable today since difficulty has gone up so much

[@vacantlandportfolio]

Your analysis has your total production at .0153 bitcoin. With today's bitcoin price of $19,870, you could just take your total costs $1, 447.25 (626.50-elec+926.95-machine) and buy bitcoin. $1,447.25 = .07750377 bitcoin. With bitcoin at $1Million that equals = $77.503.78. Many times the profit with no hassles of running the machine.

[@SwanCastleCrypto]

Ohh I agree, buying Bitcoin would definitely be a better option than running this miner

[@VamosViverFora]

Maybe investing in a hosted miner, you’d have some profit, keep part of your virgin coins and there’s no KYC.