Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,150,209 members, 7,807,703 topics. Date: Wednesday, 24 April 2024 at 05:44 PM

You Too Can Mine Bitcoin In Nigeria - Business (6) - Nairaland

Nairaland Forum / Nairaland / General / Business / You Too Can Mine Bitcoin In Nigeria (28268 Views)

How To Mine Bitcoin Freely Every 30seconds / Best Way To Mine Bitcoin / 5 Trusted Exchange Websites To Buy And Sell Bitcoin In Nigeria. [2018 List] (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Re: You Too Can Mine Bitcoin In Nigeria by jaybizzy: 2:15pm On Apr 14, 2020
Hello everyone please I'm intrested in starting up a mining farm but I would need an Idea of the capital to start looking ford to a reply
Re: You Too Can Mine Bitcoin In Nigeria by cuteng(f): 4:10pm On Apr 14, 2020
Am interested, pls what's the capital base to get all that is needed to start. Thanks
Re: You Too Can Mine Bitcoin In Nigeria by Dcnj(m): 5:41pm On Apr 14, 2020
I have been following this thread and reading every single comment here...

No one has clearly come out to say
"I use this miner, I bought it for **** and it mines ***** BTC daily or weekly or monthly"

Make person come clean na and tell us.
REQUIREMENTS TO KICK START MINING
1. Buy a miner (cost, type and from where)
2. Have the following e.g Laptop, phone etc
3. Alternative power supply
4. How to set-up (Cost - if using an outside source or who to contact to help)
5. Advice: how many (miner) to buy for a start, how much to expect, how to sell them, how to manage the profits etc.

Please make una help fellow brothers/sister this period so we can cashout well and help family.

2 Likes

Re: You Too Can Mine Bitcoin In Nigeria by Vicky10: 7:24pm On Apr 14, 2020
good day sir can I use a core i3 8gb ram HP to do this work?
Re: You Too Can Mine Bitcoin In Nigeria by Lmaomen1(m): 8:26am On Apr 28, 2020
Mongol:
I don’t know about you, but right now some money wouldn’t hurt (because of the situation in the world). We all have to stay at home, so we’re not working. No work, no money. Seeing that I have a lot of free time, I started searching for information about bitcoin, mining them and about cryptocurrencies in general. I found some good sources such as https://cryptohead.io/ (one of my favorites so far, it helped me understand how all of this works) and other articles about bitcoin. All I can say for now is that I’m almost ready to officially enter this new domain, before unknown to me. Wish me luck and I hope everyone will get what they want.
Where can I find some more feedback?
Re: You Too Can Mine Bitcoin In Nigeria by 123jamessmith: 9:03pm On May 15, 2020
please i am very interested in learning about bitcoin mining. I am already trading bitcoin, i think i will like to know more about bitcoin mining, and i can see you have vast knowledge on it.
I can find your email address here, i would have send an email.
Please i will be very grateful if you can send me and email address so that we can talk.

vuwagboe98@gmail.com

thanks
Re: You Too Can Mine Bitcoin In Nigeria by kashboy222(m): 9:14pm On May 15, 2020
How can I get the link bro
Re: You Too Can Mine Bitcoin In Nigeria by Daverine: 8:49am On Jul 09, 2020
Please, I'm really interested in mining bitcoin and have been following this thread for quite a period. Actually, I'm planning on purchasing a bitman antminer T17e. Is it profitable to do so and Is it safe to buy from ali express?. Thanks.

Whatsapp number : 09036701663
Re: You Too Can Mine Bitcoin In Nigeria by uga081: 12:10am On Oct 09, 2020
I'm sorry to seeing this so late . Are you still online often ?. I REALLY REALLY want this
Re: You Too Can Mine Bitcoin In Nigeria by lilkech(m): 12:18am On Oct 09, 2020
Yes I am online. I am happy people are picking interest in mining now. I did mine for a while and then sold it because I had to migrate at the time.

I can now guide people in setting up their rigs on this thread if they are already in possession of a machine.

1 Like

Re: You Too Can Mine Bitcoin In Nigeria by freshpzy1(m): 4:03am On Oct 09, 2020
Nice one at op

Check my siggy
Re: You Too Can Mine Bitcoin In Nigeria by uga081: 11:13am On Oct 13, 2020
Ok . So, can i call you or chat with u privately . This is biznes we do it privately . I pray you reach out to me . 08100507098 . Email is nwampa4nwadady@yahoo.co.uk
Re: You Too Can Mine Bitcoin In Nigeria by geozallas: 2:11pm On Oct 26, 2020
Bro my biggest problem is how to get the Antminer-S9 shipped down to Nigeria after purchase. Can I send you an email?
Re: You Too Can Mine Bitcoin In Nigeria by northvietnam(m): 6:08pm On Jan 08, 2021
lilkech:
Yes I am online. I am happy people are picking interest in mining now. I did mine for a while and then sold it because I had to migrate at the time.

I can now guide people in setting up their rigs on this thread if they are already in possession of a machine.


Minus owning a mining machines , what other way can be used to mine ?
Re: You Too Can Mine Bitcoin In Nigeria by Libertyking: 2:53pm On May 14, 2021
I am looking at getting the antminer t19 from China

Some of the supplier's profiles looks promising, my plan is to get an inspection agent that can help me test the equipment before shipping them.
Re: You Too Can Mine Bitcoin In Nigeria by uga081: 9:11pm On May 25, 2021
Pls, how to contact you ?. Phone number or Email
Re: You Too Can Mine Bitcoin In Nigeria by websiteman: 6:28am On Aug 03, 2021
Dear Op,

I will like to start by appreciating the Almighty God that gave me the grace to venture into this. I will also want to appreciate op for this post sometimes early 2018.

My Journey

I have been studying about the prospect of starting my own mining farm until I stumbled on this thread in 2018. I was quite exited and was strengthened with fact that op has been able to mine in Nigeria. I started by getting a used whatsminer M3 from a Chinese merchant. On getting to me , I did the proper setup and connect to the slushpool network. However, I started having issues with the machine as the power was sent faulty.

Issues with used machine

Let me quickly digress here to tell you about used machines. You can be lucky to get a very good used machine, but most of the time, they are either a non profitable machine or they have issues associated to the hashing panels, fans, power or they are basically not working. The fact that it was tested and you see it working does not mean it’s ok, as my M3 can work for almost 30mins before shorting down automatically because the power unit is heated up.

Back to my adventure

Based on the knowledge gathered, I set up a team and we decided to go into mining full time. So we bought a new Antminer B7 because we wanted equihash algorithm and the fact that the power consumption is quite low. After setting up, the ride was smooth, we enjoyed it really. The heat was minimal and the power consumption was low. It was giving around $9 a day.
The above result exited the team and as the onsite engineer, I advised we launch into the deep . So, we later bought 9 Antminer Z11. It was exciting to see the machines arrive from China. I forgot to tell you that as at this moment, we have moved our site to a location in Osogbo where we were promised at least 18 hours of power a day.
On arrival, the 9 machines were added to the existing B7 to make 10 asics in the farm. Then, we started having the inevitable issues. Let me enumerate.

1. Heat:
We really underrated the amount of heat these beasts will emit at the onset of the venture. When you have all machines working within 5 mins, the walls in the room will become so heated up, if not careful you may endup setting the house on fire.
Solution
-We did the obvious of using fan, later added a 1hp Ac. The cooling tried but it wasn’t good enough, so we bought some heat duct from china and channeled the heat emanating from each machine to somewhere outside the room. I later added a standing 2hp and another 1.5 hp AC unit to the room to maintain a good mining temperature.

2. Electricity:
The first thing we observed was the fact that our transformer started having issues, we later discovered that the main problem is that the transformer was already overloaded and now we are sapping almost 15kw from the grid through this transformer. In no time, this became one of our major issues in the mining farm (I will talk about it later).

3. Noise:
An average miner makes 75db of noise. Starting a machine at home will call the attention of your neigbours, talkless of running 10 of them in the same location.
Solution:
We got a bespoke machine from china that made us disconnect all the fans (the cause of the noise) and attached all the machines to the custom fans we bought. It immensely reduced the noise considerably that one can even talk when all the miners are working.

Back to our discussion.
After militating against all the odds, we were left with the obvious problem of constant electricity. However we were able to run for some months before we were unable to bear the power problem we encountered.

Profitability
Let me quickly talk about money, its really profitable to mine crypto currency. I will boldly tell you that. We used a lot of pools (I have my share experience with many of them and some can be fraudulent) but ended up with our recommended best which is Nicehash. They will use your farms hash power and pay you in bitcoin or other coins in their platform. We make money every 4 hours and convert to usd every week (though you can do that every day if you like).

Solution to power problem
After a while, we had to push the entire machine to another location in USA because of the power problem we had. They charge us almost 50% monthly on what we earn on the machine. While that was on, we ventured into getting a regular power source that will not give issues ( the USA company charges is too much if you understand what I mean).
We eventually got one in an industrial park (though we pay more than the regular billing). We also stepped down a 33KVA to our own transformer.
We are also in talks with some IPP (independent power generation companies) that are ready to sell power directly to our farms in different locations.
In addition to that, we have had an agreement with a firm in the USA to supply us with immersion cooling system which is our final solution to the cooling of the machines.

We can help you
We are now offering a mining facility to Africans who want to go into mining to make money (it’s quite lucrative) and help maintain our dear blockchain technology. If you are interested and need more information, you can contact me via whatsapp or call 08107663690.

Plus:
Asics machines diminish in yield with time( because of difficulty) , what you do is to buy a very profitable machine and mine until the profitability gets to half the initial yield then you buy another machine with better yield. At a stage you will ROI and every other thing after is just profit all the way. I hope you understand.
To see miners and their profitability go to asicminervalue.com

2 Likes

Re: You Too Can Mine Bitcoin In Nigeria by showafrica(m): 11:16am On Aug 03, 2021
Difficulty is low this time due to china ban, mining is profitable now but you need to get the machine really cheap. There was a time bitmain sold s9 for 63$, that was a good time to buy. I expect btc to drop to 10k by October, then may be, s9 can come so low. Don't buy s9 more than 100$ if not you will struggle. I mined 0.1btc in 2015 with two s7s.. It was sweet but i bought them when btc was 1300 and btc shoot to 6k during my time. I made cool profit.
Re: You Too Can Mine Bitcoin In Nigeria by lilkech(m): 11:41am On Aug 03, 2021
websiteman:
Dear Op,

I will like to start by appreciating the Almighty God that gave me the grace to venture into this. I will also want to appreciate op for this post sometimes early 2018.

My Journey

I have been studying about the prospect of starting my own mining farm until I stumbled on this thread in 2018. I was quite exited and was strengthened with fact that op has been able to mine in Nigeria. I started by getting a used whatsminer M3 from a Chinese merchant. On getting to me , I did the proper setup and connect to the slushpool network. However, I started having issues with the machine as the power was sent faulty.

Issues with used machine

Let me quickly digress here to tell you about used machines. You can be lucky to get a very good used machine, but most of the time, they are either a non profitable machine or they have issues associated to the hashing panels, fans, power or they are basically not working. The fact that it was tested and you see it working does not mean it’s ok, as my M3 can work for almost 30mins before shorting down automatically because the power unit is heated up.

Back to my adventure

Based on the knowledge gathered, I set up a team and we decided to go into mining full time. So we bought a new Antminer B7 because we wanted equihash algorithm and the fact that the power consumption is quite low. After setting up, the ride was smooth, we enjoyed it really. The heat was minimal and the power consumption was low. It was giving around $9 a day.
The above result exited the team and as the onsite engineer, I advised we launch into the deep . So, we later bought 9 Antminer Z11. It was exciting to see the machines arrive from China. I forgot to tell you that as at this moment, we have moved our site to a location in Osogbo where we were promised at least 18 hours of power a day.
On arrival, the 9 machines were added to the existing B7 to make 10 asics in the farm. Then, we started having the inevitable issues. Let me enumerate.

1. Heat:
We really underrated the amount of heat these beasts will emit at the onset of the venture. When you have all machines working within 5 mins, the walls in the room will become so heated up, if not careful you may endup setting the house on fire.
Solution
-We did the obvious of using fan, later added a 1hp Ac. The cooling tried but it wasn’t good enough, so we bought some heat duct from china and channeled the heat emanating from each machine to somewhere outside the room. I later added a standing 2hp and another 1.5 hp AC unit to the room to maintain a good mining temperature.

2. Electricity:
The first thing we observed was the fact that our transformer started having issues, we later discovered that the main problem is that the transformer was already overloaded and now we are sapping almost 15kw from the grid through this transformer. In no time, this became one of our major issues in the mining farm (I will talk about it later).

3. Noise:
An average miner makes 75db of noise. Starting a machine at home will call the attention of your neigbours, talkless of running 10 of them in the same location.
Solution:
We got a bespoke machine from china that made us disconnect all the fans (the cause of the noise) and attached all the machines to the custom fans we bought. It immensely reduced the noise considerably that one can even talk when all the miners are working.

Back to our discussion.
After militating against all the odds, we were left with the obvious problem of constant electricity. However we were able to run for some months before we were unable to bear the power problem we encountered.

Profitability
Let me quickly talk about money, its really profitable to mine crypto currency. I will boldly tell you that. We used a lot of pools (I have my share experience with many of them and some can be fraudulent) but ended up with our recommended best which is Nicehash. They will use your farms hash power and pay you in bitcoin or other coins in their platform. We make money every 4 hours and convert to usd every week (though you can do that every day if you like).

Solution to power problem
After a while, we had to push the entire machine to another location in USA because of the power problem we had. They charge us almost 50% monthly on what we earn on the machine. While that was on, we ventured into getting a regular power source that will not give issues ( the USA company charges is too much if you understand what I mean).
We eventually got one in an industrial park (though we pay more than the regular billing). We also stepped down a 33KVA to our own transformer.
We are also in talks with some IPP (independent power generation companies) that are ready to sell power directly to our farms in different locations.
In addition to that, we have had an agreement with a firm in the USA to supply us with immersion cooling system which is our final solution to the cooling of the machines.

We can help you
We are now offering a mining facility to Africans who want to go into mining to make money (it’s quite lucrative) and help maintain our dear blockchain technology. If you are interested and need more information, you can contact me via whatsapp or call 08107663690.

Plus:
Asics machines diminish in yield with time( because of difficulty) , what you do is to buy a very profitable machine and mine until the profitability gets to half the initial yield then you buy another machine with better yield. At a stage you will ROI and every other thing after is just profit all the way. I hope you understand.
To see miners and their profitability go to asicminervalue.com



Very apt experience. Congratulations and welcome to the winning team

1 Like

Re: You Too Can Mine Bitcoin In Nigeria by theoilguy: 2:28pm On Jan 15, 2022
2 pieces of Innosilicon t2t 25th bitcoin asic miners available for sale. Never been used in nigeria. Selling because of poor electricity in my locality. Works perfectly. Price is 900,000 Naira each. I ll also teach you how to set up the miners if you are a newbee

Contact on signature if interested.

Re: You Too Can Mine Bitcoin In Nigeria by victornkp: 1:38pm On Mar 12, 2022
Selling one s9 miner 13th but mines 17th with brainssOS - N460,000

Btc Mining consultancy
5k an hour

- Solar system sizing and costing
- Miner Selection and sourcing
- Payback Period calculation
- Btc-Usd Analysis
- Installation service and references
i have a fully functioning crypto farm using solar alone

1 Like

Re: You Too Can Mine Bitcoin In Nigeria by Koleb: 5:16pm On Mar 12, 2022
victornkp:
Selling one s9 miner 13th but mines 17th with brainssOS - N460,000

Btc Mining consultancy
5k an hour

- Solar system sizing and costing
- Miner Selection and sourcing
- Payback Period calculation
- Btc-Usd Analysis
- Installation service and references
i have a fully functioning crypto farm using solar alone
why are you selling it?
Re: You Too Can Mine Bitcoin In Nigeria by Aaapp: 5:18pm On Mar 12, 2022
Binary options trading automation
Re: You Too Can Mine Bitcoin In Nigeria by victornkp: 10:17am On Mar 13, 2022
Koleb:
why are you selling it?

the s9 is the smallest and cheapest, profitable btc miner you can buy. so i started there with time i intend to sell all my s9 miners to buy a stronger machines
Re: You Too Can Mine Bitcoin In Nigeria by Ernest136(m): 11:07pm On Mar 18, 2022
Investing in crypto anti mining machines is more lucrative than buying of expensive luxury cars. Buy anti miner today and become richer https://buy.cryptominingtools.shop they deliver your items to your doorstep after three working days with the help of those courier service.✈️�
UPS, Royal mail, FedEx, ZTO Express, Japan post Holding, S.F. Express, DB Schenker, Blue Dart, PostNL and DTDC.
Note.. No lower or upper age limit in mining and gender is not a barrier, what a man can do, woman can do better.
Re: You Too Can Mine Bitcoin In Nigeria by Raizoura: 11:11am On May 30, 2022
I am a retailer selling Antminers. I have some Antminer s9 currently in stock #280,000 naira each.

The Antminer s9 mines at 13.5TH/s but you can overclock it via hive Os to mine at 16TH/s.

The Antminer can be delivered to any state in Nigeria.

Contact in profile!!!

1 Like

(1) (2) (3) (4) (5) (6) (7) (Reply)

Recharge Card Printing Business; How Viable Is It? / Lady Wins A Car At Shoprite In Imo State (Photos) / Chuksbaby Is Back After A Long While

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 54
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.