Kids becoming miners

Let’s ask the opinion of Miss Math,to see what she has to say…


https://www.cnbc.com/2021/08/31/kid-siblings-earn-thousands-per-month-mining-crypto-like-bitcoin-eth.html


We begin our analisys by finding key points in the article :

– 1 Alienware pc
– Watched youtube
– 2 Antminer S19Pro
– NVidia RTX 3080Ti
– Texas
– Mommy & Daddy Finances
– Converted his Alienware 🤣

– “In total, they expect to earn around $36,000 in September based on the equipment currently on order, Raj says.”

Let’s start with the Alienware pc…
As one can see on the Dell site the one that costs the less is m15 R6 at 1,299,99$.

https://www.dell.com/en-us/shop/scc/sr/laptops/alienware-laptops

This one has a NVIDIA® GeForce RTX™ 3050 Ti 4GB GDDR6 – 8GB DDR4 3200MHz.

* Please note that it is not possible to mine ETH on 4GB cards anymore, due to the increased size of DAG files.

So this is not the pc the kids have, but a more expensive one…

No I don’t want to prove they are rich kids…wich they are if mommy and daddy buys them an alienware at 9 and 14…all I want to say is it’s not that easy as these news outlets make-believe !

Here’s something about mining with an Alienware :

https://www.dell.com/community/Alienware-Desktops/Aurora-R11-to-mine-cryptocurrency/td-p/7780687

Watching Youtube might help…Untill you discover on your own skin that you can read faster than any fucker on the net blabbers…But yes it’s quite resourceful to a certain extend…

The R&D you have to make is so extensive and time consuming that is no wonder a lot of people try and cry afterwards that it didn’t work !

🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️

A S I C – Application Specific Integrated Circuit

An application-specific integrated circuit (ASIC /ˈeɪsɪk/) is an integrated circuit (IC) chip customized for a particular use, rather than intended for general-purpose use.

For example, a chip designed to run in a digital voice recorder or a high-efficiency bitcoin miner is an ASIC.

Application-specific standard product (ASSP) chips are intermediate between ASICs and industry standard integrated circuits like the 7400 series or the 4000 series.

ASIC chips are typically fabricated using metal-oxide-semiconductor (MOS) technology, as MOS integrated circuit chips.

🔹️ More on it :

https://en.m.wikipedia.org/wiki/Application-specific_integrated_circuit

🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️

Antminer S19Pro is a Bitmain Asic miner, with a total HashRate of 110 Th/s and a power consumption of 3,250Wh.


🔹️ Specifications :

Manufacturer :Bitmain

Model:Antminer S19PRO(110Th)

Release :  May 2020

Size : 195 x 290 x 370 mm

Weight : 13,200g

Noise level:75 db

Fan(s) : 4

Power : 3,250 Wh

Voltage  : 12V

Interface : Ethernet

Temperature : 5 – 40 °C

Humidity : 5 – 95 %


🔹️ Minable coins:

Acoin(ACOIN):SHA-256

Curecoin(CURE):SHA-256

JouleCoin(XJO):SHA-256

Peercoin(PPC):SHA-256

BitcoinCash(BCH):SHA-256

Bitcoin(BTC):SHA-256

BitcoinSV(BSV):SHA-256

e-Mark(DEM):SHA-256

Terracoin(TRC):SHA-256


🔹️ Mining pools:

SlushPool
slushpool.com

NiceHash
http://www.nicehash.com

Poolin
http://www.poolin.com

AntPool
http://www.antpool.com

ViaBTC
pool.viabtc.com


🔹️ Where to buy?

BT-Miners:$12,500.00

AsicMinerMarket:$12,619.00

AKMiner: $13,299.00

AsicMarketPlace: $13,590.00

Miner Bros:$14,099.00

Casa Miners:$14,451.71


🔹️ Cloud mining:

You can also rent this device (or equivalent hashpower) for a time period and make profits easily.

🔹️Mining plans :

BitFuFu
Cloud Mining


🔹️ Local preferences:

Default currency:$USD

Electricity cost:0.12/ KWh


          🔹️🔹️🔹️


🔹️ Profitability:


🔹️ Income:

Day:$35.38
Month:$1,061.42
Year:$12,737.03

🔹️ Electricity:

Day:-$9.36
Month:-$280.80
Year:-$3,369.60

🔹️ Profit:

Day:$26.02
Month:$780.62
Year:$9,367.43


🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️🔹️


Now…Let’s see what Mathematics has to say about the machines:


$9,367.43 × 2 = $18,734.86

$18,734.86/Year 2 S19PRO

          🔹️🔹️

$780,62 × 2 = $1,561.24

$1,561.24/Month 2 S19Pro

           🔹️

$36,000 Expected Earning

$36,000-$1,561.24=$34,438.76

$34,438.76 left to mine with RTX 3080Ti

          🔹️🔹️

After a research online, I could find the NVidia GeForce RTX3080Ti avaible here:

https://www.newegg.com/msi-geforce-rtx-3080-ti-rtx-3080-ti-gaming-x-trio-12g/p/N82E16814137650


$2,228.58-Price 1 RTX3080Ti


          🔹️🔹️🔹️

🔹️ NVIDIA GeForce RTX 3080Ti


Release date: June 2021

🔹️ Algorithms:


Autolykos: 260.00 Mh/s @ 280W

CryptoNightGPU: 4.20 kh/s @ 280W

CuckooCycle: 10.40 h/s @ 280W

Equihash: 54.00 h/s @ 280W

Ethash: 62.00 Mh/s @ 220W

Ethash4G: 62.00 Mh/s @ 220W

KawPow: 49.00 Mh/s @ 280W

MTP: 6.00 Mh/s @ 280W

Octopus : 85.00 Mh/s @ 280W

ProgPow : 40.00 Mh/s @ 280W

ZelHash : 79.00 h/s @ 280W

🔹️ Ethereum(ETH) – Ethash

62 Mh/s × 250 = 15,500 Mh/s


🔹️15,500 Mh/s 250 RTX 3080Ti

🔹️15,500 Mh/s Total HashRate



🔹️ 260 Wh/RTX 3080Ti

🔹️ 260 Wh × 250 = 65,000 Wh

🔹️ 65,000 Wh/250 RTX 3080Ti

🔹️ 65 kWh/250 RTX 3080Ti


🔹️ MarketCap Volume:

$412,168,572,959
10,785.27 BTC

            🔹️🔹️

Estimated Rewards:0.0013
Estimated Rewards 24h:0.0015

Revenue BTC:0.000100
Revenue 24h:0.000113

Revenue$:$4.65
Revenue 24h:$5.26

Profit:$4.13
Profit 24h:$4.73

            🔹️🔹️

1 NVidia GeForce RTX 3080Ti has a profit of ~$4.73/Day.

$4.73/D × 31 = $146.63/Month


🔹️$146.63/Month 1 RTX 3080Ti

$146.63/Month × 235 = $34,311.42 RTX 3080Ti

🔹️$34,311.42/M 235 RTX 3080Ti

           🔹️

$34,311.42 × 12=$411,737.04

$411,737.04/Y 235 RTX 3080Ti

           🔹️

$34,438.76 left to mine with RTX 3080Ti

$34,438.76 – $34,311.42 =
= $127.34



$34,438.76 ÷ 146.63 = 234.86

🔹️ ~ 235 RTX 3080Ti to have



🔹️ 235 RTX 3080Ti

$2,228.58 – 1 RTX 3080Ti

$2,228.58 × 235 = $523,716.3

$523,716.3 – 235 RTX 3080Ti


Miner Bros:$14,099.00

$14,099 × 2 = $28,198

$28,198 – 2 S19PRO

$523,716.3 + 28,198 =
= $551,914.3 Total Price Mining Hardware


🔹️ $551,914.3 – 235 RTX 3080Ti + 2 AntminerS19Pro

I cannot calculate this precisely because I don’t know the rest but…
The rest could be more or less:

5 switches with 48 ports at $150 should be $750…

Cisco Meraki Mx64W should not cost more than $1,000…

Vents $500 one and they could need max 2…

🔹️ $2,750…


I will calculate the ROI only on the machines and the rest is no that much to hurt as machines does…


$18,734.86/Y-2 S19PRO Profit


$411,737.04/Y-235 RTX 3080Ti

$411,737.04 + 18,734.86 =    = $430,471.90

🔹️ $430,471.90/Year Profit

           🔹️🔹️

What Is Return on Investment (ROI)?

Return on investment (ROI) is a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of a number of different investments.

ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost.


ROI = Current Value of Investment – Cost of Investment ÷ Cost of Investment

           🔸️🔹️

🔸️ $430,471.90 – Current Value of Investment

🔸️ $551,914.30 – Cost of Investment


🔹️ Loss:$121,442

🔹️ ROI:-22%

🔹️ Simple Annual ROI:-22%

🔹️ Compound Annual ROI:-22%


🔸️🔹️ Math as a truth bringer that is 🙂 says it’s bad!

My conclusions could be that:

🔸️ Kids alone to do all this math,management,mining,racks,airflow,pdu’s,switches,routers,power etc etc hard to believe they didn’t had help! No matter how much youtube you watch…

🔸️ To invest $550,000 in GPU it’s a choice…Wise or otherwise it’s anyones taste!

🔸️ Computers don’t get converted 🤣 Humans get converted !Hardware runs with software…You install a miner on it and that’s it!

🔸️ Texas is the place to be to mine cryptocurrencies power-wise!

🔸️ Kudos to the kids if they really did it by themselves, but I am sure I have to salute the dad that is the brain behin



🔸️ Long live NVidia & Dell


🔹️🔸️🔹️🔸️🔹️🔸️🔹️🔸️🔹️🔸️🔹️🔸️🔹️🔸️

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