How Much Did I Earn Mining With A $600 Mining Rig?!

Summary

In this video, Vosker reviews the SC Box mini crypto mining rig, highlighting its quiet operation, efficiency, and profitability. The rig costs under $600, earning three times its running cost on a residential electric rate. Vosker discusses its specs, ease of setup, and mining performance, emphasizing its low power consumption of 2000 watts. He compares its profitability to other miners and shares real-world mining numbers, concluding that it can pay for itself within two years. The video also touches on the potential of the mined cryptocurrency, CYA Coin, and provides a link to DX Pool for interested viewers.

Takeaways

• 🔊 The SC Box is a quiet mini crypto mining rig that the reviewer has been using profitably for over 30 days.
• 💰 It's an affordable miner costing less than $600 and is efficient, earning three times more than it costs to run on a residential electricity rate.
• 🌐 The reviewer, Vosker, recommends Unstoppable Domains for decentralized domain names that can also function as wallet addresses for cryptocurrencies.
• 🔌 The SC Box consumes 2000 watts, similar to a gaming PC, and is quiet due to its efficient setup.
• 🔗 The device can be logged into remotely using an app like 'Thing' and the default password is a simple sequence.
• 💻 The mining rig is set up to mine Sidecoin (SC), which is more profitable than Handshake (HNS) according to the reviewer's experience.
• 💡 The reviewer suggests using a higher quality power supply like EVGA Gold or Platinum for better performance.
• 💰 Over 30 days, the SC Box mined approximately 4,650 SC coins, and the profitability is affected by the cost of electricity.
• 📈 The SC Box is currently sold out on Gold Shell's site, but available on eBay at a premium, indicating its desirability.
• 📉 The reviewer is not optimistic about the future of Sidecoin (SC), comparing it unfavorably to competitors like Filecoin in terms of market cap and community engagement.

Q & A

What is the SC Box and what does it do?

The SC Box is a mini cryptocurrency mining rig designed for quiet operation. It is used for mining cryptocurrencies, specifically CYA Coin (SC), and is known for its efficiency and low noise level.

How much does the SC Box cost?

The SC Box costs less than 600 dollars. It can be purchased with or without a power supply, with the standalone box priced at 599 and the plug-and-play version with a power supply at 699.

What is the efficiency of the SC Box in terms of power consumption?

The SC Box consumes approximately 2000 watts of power, which is comparable to a gaming PC or laptop. It is designed to be energy efficient, resulting in low noise levels due to less strain on the system's fans.

How does the SC Box compare to larger mining rigs in terms of power consumption?

The SC Box consumes significantly less power than larger mining rigs, which can consume over 3000 watts or more. This makes the SC Box more suitable for residential use without overwhelming the household's electrical system.

What is the profitability of the SC Box over a 30-day period according to the script?

The SC Box is profitable, earning three times more than it costs to run. The user has been mining with it for over 30 days and found it to be a profitable venture.

What is the role of Unstoppable Domains as mentioned in the script?

Unstoppable Domains is a decentralized platform offering unique domain names that can be used for various purposes such as websites, logins for decentralized applications (dApps), and as a payment gateway. They are highlighted in the script as a solution for managing multiple wallet addresses.

What is the significance of the DX Pool in the context of the SC Box?

DX Pool is a mining pool that the user of the SC Box has switched to, as it offers a more profitable option for mining CYA Coin (SC). The user recommends using their referral link to support the channel.

What is the hash rate of the SC Box as mentioned in the script?

The script does not provide an exact hash rate for the SC Box, but it mentions that the user has almost one terahash of hash rate registered on the poolside.

What are the potential issues with the SC Box as discussed in the script?

The script does not explicitly mention any issues with the SC Box itself, but it does discuss the broader concerns of the cryptocurrency market and the potential for mining profitability to fluctuate based on market conditions.

How does the script suggest one can remotely log in to the SC Box?

The script suggests using an app like 'Thing' to scan IP addresses on the network and log into the router to find the SC Box, which shows up as 'gold shell-dash-sc box' or 'qsdk'. The default password is often a sequence of numbers from one to nine.

What is the estimated break-even period for the SC Box based on the script?

Based on the script, the SC Box is projected to break even in about two years, considering the cost of the device and the ongoing electricity expenses.