If you read our post on crypto mining, we took a look at five ASIC miners where you can make passive income mining cryptocurrency. We also mentioned that we haven’t done this yet, but we were looking and would post an update on our experience. Well guess what? We did it!

After a little bit of more research, we decided to purchase an Ipollo V1 mini. It cost a little bit ove4 $800 and was projected to make just over a dollar a day. Here are a few websites we looked at to find out how much we would make:

1. asicminervalue.com estimated that this ASIC miner would make $0.78
2. whattomine.com estimated $1.28 a day
3. minetheasic.com estimated $0.97 a day

Since we’re in Canada, we estimated that we would make between $1.20 to a $1.50 per day, minus hydro costs of approximately $0.50 a day (we average around $0.09 per kwh). Here are a couple reasons why we chose the Ipollo V1 Mini:

1. Can be plugged into a standard outlet and no modifications are required to our hydro.
2. Has wifi capabilities and doesn’t need to an ethernet cable to be hooked up (it’s a little bit louder than my wife would like for our family room) and
3. Doesn’t use a lot of power.

We’ve been up and running for just over 6 days now and we’re averaging around $1.20 per day using F2Pool and mining ETC at just over 300Mh/s. Considering its a bear market, we’re happy with this for now. If Ethereum Classic reaches its all time high of $240 it would be making $10 a day. We’d be okay with that too!

Here’s a brief step-by-step on how to start your first ASIC home miner:

1. Buy an ASIC miner
2. Plug it in and hook up to ethernet / wifi
3. Join a mining pool, such as F2Pool
4. copy and paste the pool url into your miner settings
5. hook up your wallet address
6. earn crypto!

Our experience has been good so far and we may look at adding another miner this year. If you’re interested, do your own research by using the links above and best of luck!

We’ll post another article shortly on some other home ASIC miners we are looking at.