Bitcoin Forum

Grin G1-mini miners hosting thread.

As it stands:
Electricity rate: 0.15 CHF/kWh. (I continue seeking to lower this figure)
Fees:
Maintenance/management fee: 5% on mining revenues.
Treasury fee: 2% on mining revenues. This will be used for activities that will benefit all those with hosted machines.

When making calculations, if a figure is rounded it is in favor of machine-owners.

Units hosted:
5x badbart
1x forum-user1
1x jackg

---

Payments (to start) will be every 2 weeks;

Fortnight1 (start September 22, 8am UTC; end October 6, 7pm UTC)
The first 2 weeks have passed!

1 unit generated 119.45 grin.
1 unit (calculated at 110w draw) consumed 38kWh (347hrs*0.11kWh). At 0.15 CHF/kWh, this equals 5.70 CHF which equals 5.76 USD.
Exchange rate at 0.058 USD/grin; electricity cost per miner was 99.31 grin.
Net income of 20.14 grin/miner.

Fees were waived this period.

Fortnight2 (start October 6, 7pm UTC; end October 21, 8am UTC)
1 unit generated 146 grin.
1 unit (calculated at 110w draw) consumed 38kWh (349hrs*0.11kWh). At 0.15 CHF/kWh, this equals 5.70 CHF which equals 5.64 USD.
Exchange rate at 0.046 USD/grin; electricity cost per miner was 122.60 grin.
Net income of 23.40 grin/miner.

Fees were waived this period.

Fortnight3 (start October 21, 8am UTC; end November 4, 8am UTC)
1 unit generated 145.75 grin.
1 unit (calculated at 110w draw) consumed 36kWh (336hrs*0.11kWh). At 0.15 CHF/kWh, this equals 5.40 CHF which equals 5.35 USD.
Exchange rate at 0.046 USD/grin; electricity cost per miner was 116.30 grin.
Net income of 29.45 grin/miner.

Fortnight4 (start November 4, 8am UTC; end November 19, 9am UTC)
1 unit generated 176 grin.
1 unit (calculated at 110w draw) consumed 39kWh (361hrs*0.11kWh). At 0.15 CHF/kWh, this equals 5.85 CHF which equals 6.10 USD.
Exchange rate at 0.040 USD/grin; electricity cost per miner was 152.50 grin.
Net income of 23.50 grin/miner.

Fortnight5 (start November 19, 9am UTC; end December 3, 4pm UTC)
1 unit generated 174 grin.
1 unit (calculated at 110w draw) consumed 37kWh (343hrs*0.11kWh). At 0.15 CHF/kWh, this equals 5.55 CHF which equals 5.93 USD.
Exchange rate at 0.041 USD/grin; electricity cost per miner was 144.60 grin.
Net income of 29.40 grin/miner.

Fortnight6 (start December 3, 4pm UTC; end December 18, 8am UTC)
1 unit generated 155.10 grin.
1 unit (calculated at 110w draw) consumed 38.8kWh (353hrs*0.11kWh). At 0.15 CHF/kWh, this equals 5.82 CHF which equals 6.25 USD.
Exchange rate at 0.067 USD/grin; electricity cost per miner was 93.2 grin.
Net income of 61.9 grin/miner.

Fortnight7 (start December 18, 8am UTC; end January 3, 4pm UTC)
1 unit generated 157.91 grin.
1 unit (calculated at 110w draw) consumed 43.1 kWh (392hrs*0.11kWh). At 0.15 CHF/kWh, this equals 6.46 CHF which equals 6.89 USD.
Exchange rate at 0.084 USD/grin; electricity cost per miner was 82 grin.
Net income of 75.91 grin/miner.

Fees will be deducted from the next period onwards.

Fortnight8 (start January 3, 4pm UTC; end January 18, 7pm UTC)
1 unit generated 119.19 grin.
1 unit (calculated at 110w draw) consumed 39.9 kWh (363hrs*0.11kWh). At 0.15 CHF/kWh, this equals 5.98 CHF which equals 6.53 USD.
Exchange rate at 0.072 USD/grin; electricity cost per miner was 90.69 grin.
Income of 28.50 grin/miner.
Net income (following fee deductions -2% [0.57 grin]; -5% [1.42 grin]) = 26.51 grin/miner

No Fees

Fortnight9 (start January 18, 7pm; end February 2, 12pm UTC)
1 unit generated 137.75grin.
1 unit (calculated at 110w draw) consumed 38.8 kWh (353hrs*0.11kWh). At 0.15 CHF/kWh, this equals 5.82CHF which equals 6.19USD.
Exchange rate at 0.067 USD/grin; electricity cost per miner was 92.38 grin.
Net income of 45.37 grin/miner.

Fortnight10+11 (start February 2, 12pm UTC; end March 1, 9pm UTC)
1 unit generated 220.08 grin.
1 unit (calculated at 110w draw) consumed 71.28 kWh (648hrs*0.11kWh). At 0.15 CHF/kWh, this equals 10.69 CHF which equals 11.38 USD.
Exchange rate at 0.065 USD/grin; electricity cost per miner was 175.07 grin.
Net income of 45.01 grin/miner.

Fees will be deducted from the next period onwards.

Fortnight12 (start March 1, 9pm UTC; end March 18 , 11am UTC)
1 unit generated 141.88 grin.
1 unit (calculated at 110w draw) consumed 43.56 kWh (396hrs*0.11kWh). At 0.15 CHF/kWh, this equals 6.53 CHF which equals 7.07 USD.
Exchange rate at 0.072 USD/grin; electricity cost per miner was 98.19 grin.
Net income of 43.36 grin/miner.

No fees deducted.

Fortnight13 (start March 18, 11am UTC; end April 2, 5am UTC)
1 unit generated 149.60 grin.
1 unit (calculated at 110w draw) consumed 38.94 kWh (354hrs*0.11kWh). At 0.15 CHF/kWh, this equals 5.84 CHF which equals 6.38 USD.
Exchange rate at 0.072 USD/grin; electricity cost per miner was 88.61 grin.
Income of 60.99 grin/miner.
Net income (following fee deductions -2% [1.21 grin]; -5% [3.04 grin]) = 56.74 grin/miner

Group-buy thread: https://bitcointalk.org/index.php?topic=5406703

  I ordered three to help group buy and they are coming directly to my home. I am going to be testing them when I get them. I have DHL tracking number  they are due on Sept 12th. I will post a few photos and start a support thread on the miner. My main mine is shut down for a rebuild. We finally got approval for the 260kwatt solar array that was install in August 2022. this means we generate 48 kwatts 24/7/365 via grid attachment.
It is possible I may get more of these and run them as hosting deal with Marco or not, as I am not sure as to the practicality of it. Due to my Clifton NJ mine being a 4-way venture.

Back on point
So far this is looking good. My thanks to marcotheminer.



Note:I had a typo and fixed it:

please note a1 Hashrate LLC2022

is my alt

All three g1 mini miners arrived today.

I will post some photos later today.

I got 5 hosted, I'll let you guys know how it goes.

I just hooked up two of the three units .

I will give stats after a 24 hour run.

these are built well solid metal and look expensive.

The three came fast and cost me $797 which legally beats the import taxes here in the USA.

I am giving the third unit to buysolars’s kid for a birthday gift as she is into mining.

All four of us from the Clifton Mine will be at her party and we will talk about these miners.

As we may want to run lots of them.

As far as I can tell these are as efficient as the bigger model and are cost comparative especially when you beat the import tax with the small models.

Are you planning to hold the GRiN you mine or will you be converting it to BTC/USD?  I was burned by GRiN early on, but I'll mine whatever shitcoin is out there if it's profitable and can be easily converted to Bitcoin.  Especially if they're with home friendly 110v miners that make little noise and give off little heat.

Looking forward to reading your update how this is going and your expectations for the future.  Now that ETH is toast I need to find a new shitcoin to exploit with my miners for additional BTC.

Assuming they profit at 68 cents a day prior to power and power cost  for me is about 10 cents they will clear 50-58 cents a day for 1 unit.

if they do this we will buy a lot of them 3 at a time to legally beat the 30% import tax.

best case say 18+2= 20 which make 10 bucks a day.

I will cash 2 for future USA I bonds

I will hold 2 in grin

I will exchange 6 for BTC

still not sure .

I am having a hash rate issue.

I am at a tiny fraction of what I should be on 2miners.com

https://grin.2miners.com/account/grin19wna4zgtlqc22uwc4huthks4v5s0spff0c8qlx30zra3zfdjzvyqs680v5


I should be at 2.50 gps

I should earn 1.35 usd

I should earn about 20 grin a day

I will look for solutions

I have one machine on always.vip pool and I'm making around 10 grin a day.

2022-09-18   grin1mgm*56645***   c*c      0*e      10.26   
Paid

2022-09-17   grin1mgm*56645***   8*1      0*9      10.26   
Paid

2022-09-16   grin1mgm*56645***   a*1      0*9      11.26   
Paid

fixed issue

my router has 3 separate firewalls to protect me.

so i had one of three shut off.

I shut all firewalls and boom I am doing 1.4gh

The first two weeks are up! Details updated in OP.

Fortnight2 posted.

Fortnight3 posted.

Fortnight4 will be processed in the next 12 hours; sorry for the delay.

Edit: Fortnight4 posted.

Fortnight5 posted.

A more favorable net-income fortnight due to exchange price increase. Fortnight6 posted.

not sure where to post this. but all three of my miners crashed and won't restart.

anyone have this issue?

I have them in different spots.  about 3 miles apart so I do not think it is an internet issue.

Found issue

this pool was dead

us-grin.2miners.com:3030


moved to this pool below:


us2.grin.herominers.com:1125


all is well

I also updated from 2.49 firmware to 2.52 version

No issues for me on 2miners... been mining with them since I received the units from the group buy.

Any idea what the new firmware adds / fixed? I was thinking about upgrading a couple of weeks ago, but decided against it as miners have been pretty good so far.

my pool issue may have been an optimum provider internet issue.

it is working now. i am pointing two miners to the newer pool and one to the old one.

as for 252 vs 249 firmware I have two on 2.49 and one on 2.52 seem close to the same.

Calculating payouts for today. Posted, sorry for the delay. Highest net income per machine yet!

Net income per machine posted!

Sorry for the delay, I had some technology give up on me. I updated Fortnight9 (which had ended Feb. 2), and added what is Fortnight10+11 (ended today, no fees deducted). Now, back to the regular 2-weeks schedule (next calculation/payout to be posted by March 16).

Finally getting around to posting.. Fortnight 12 complete!

Been using the 3 I got from you in house I am over 4400 grin mined . They work well thanks again.

Fortnight 13 posted.

Delayed for the next payout; I await the 2miners payout. Thanks.

Payout will be made by end of week.