Bitcoin is nearing its all time high again! And naturally that leads people to looking
into setting up their own little money printer and getting into the business of Crypto Mining.
Im here to talk about the realities of running one of the newest and most efficient miners
you might be able to buy today, the S19J Pro. My name is Nicholas Johnson and this is the
Space Warehouse. We’ll start with the part you DO want to
hear - INCOME! A single S19J Pro, running 24 hours a day, will provide you with something
in the neighborhood of $46 every day. Thats over thirteen hundred dollars a month! And
all you need to feed it is electricity and fresh air.
The currency you earn will be in Bitcoin, which means that as long as you keep it in
your secure wallet, the money you earn all goes up and down with the market, its not
about bitcoins price when you mine it, its about Bitcoins price when you SELL it, ALL
the money you’ve ever mined will move in value together.
So if you wait until theres a spike to sell, then its as if you mined every single bit
of that money right at the spike! Of course the same goes for a dip. You could easily
run the numbers on the profit youre going to be making, and soon find yourself making
about half that, lets say if you had this idea during the LAST run up in price.
This Bitcoin miner is small so itll fit just about anywhere, although we’ll talk about
it in a minute why you probably dont want to put one, really just about anywhere.
So thats great! Easy money.. Now lets go over some of the realities of running one of these
things. First, its great that you can just plug in
a metal box with some fans, and it will create a thousand bucks a month, seemingly out of
thin air. Unfortunately, each one of these metal boxes costs over $10,000 to buy. So
theres a bit of a financial barrier to entry with the S19J Pro.
Also, you cant just give it the power that comes from the normal outlets in your wall.
In america, at least, thats generally 120 volts, and mostly at 15amps - with the exception
of the plug that goes to your stove, your central air unit and your water heater. But
each of those lines will be sized for the things they’re already doing, so adding
a bitcoin miner to them will almost certainly pop a breaker or overload the line.
“No matter” you say, “Ill just start going to the laundry mat, and use that drier
plug!” Good idea! and that will work great to power your new S19J Pro. Now make sure
you’ve got at least a 30amp breaker - this thing requires between 3000-3300 continuous
watts depending on which model you get. Now that you’ve got it powered, lets talk
about how much noise its is going to make. I went out to a series of different environments
with a decibel meter to get a reading on how loud stuff is in general.
Standing next to a running washing machine 55 decibels. This hair drier puts out sound
in the high seventies. A big wetvac hits about 77dba Standing at the edge of a highway, in
the 70’s - 80’s when cars go by. Yelling at the top of my lungs at an arms length away,
100 decibels. And finally, being in a room next to an S19J Pro - 80 decibels.
So its a little louder than a hair drier, a bit quieter than me just screaming constantly
for 24 hours in your laundry room. About the volume of a freeway, coming out of a tiny
metal box at all times. No bother, you say, my laundry room is in
the basement and Ill insulate the door so you cant hear it. Great!
Perfect subway, lets talk about heat. This miner would like to run in an environment
that is between 5-35 degrees Celsius (thats 41 - to 95 degrees F°). From its exhaust
port, the S19J Pro will be pumping out air that is about 160°!! And its not a weak fan
either, there are actually 4 fans, all running above 5000rpm!
Think of the amount of hot air that comes out of a hair drier, thats 1200 to 1500 watts
and this machine will be pushing over 3000 watts of power, most of that being converted
into heat. If you were to shut it into a laundry room
and close the door, it will heat that room up to above 95 degrees in a matter of minutes
and just turn itself off. Which is why so many of us work so hard on our ventilation
systems. For my mine, I installed an industrial fan in one of the exit doors to my warehouse,
strong enough to suck out the entire volume of the room every 6 seconds, and on the opposite
wall I have 12 square feet of filtered openings to replace that air, constantly.
Which goes back to the noise, when you open up a 12 square foot hole in the wall, its
loud again :) The final hurdle to jump is internet - your
mine will need 24 hour connectivity. It doesnt use very much bandwidth at all, and setting
it up is VERY simple, but if your plan to steer around the obstacles of heat and noise
are to put it in a shed in the back yard, just make sure you plan for a: 240 volt power
B: an all weather ethernet cable that reaches out there. And C: ventilation such that the
environment stays within 41 to 95 degrees farenheight withOUT any water getting in there.
You’ll also need to keep them very very dry and free from the prying eyes of anyone
who might look into whats making all of that noise and discover that you’ve got a totally
untraceable $10,000 dollar box the size of a carryon luggage that can EASILY be stolen
and set up in a new location with no real way of tracking it down.
If you can come up with a solution for a probably $11,000 initial investment, finding a way
to feed it 240 volts of power, giving it fresh air to breath, finding a place to put all
of the heat that comes out of it, allowing it to cause a ton of noise without bothering
anyone AND making sure it never gets wet - well.. Then… Welcome to the wonderful world of
ASIC mining! or… farming. Follow me on instagram for a bunch of stuff completely unrelated
to this subject.