Title: What's your most efficient solo mining rig or plan Post by: ANSEL_2.0 on March 20, 2023, 01:14:45 PM What is the most effective way to lower the cost of electricity for solo mining Bitcoin, something you would want to set up and never look back again until several years later, it has to be very energy efficient, the size shouldn't matter that much, I am not looking to solve a block very soon.
Title: Re: What's your most efficient solo mining rig or plan Post by: mocacinno on March 20, 2023, 01:19:27 PM There's no magic bullet here... If you buy hardware with the lowest Joule per Hash, you'll get the most hashes for the amount of energy you spend... It's just that simple. Some people might advise you to overclock or run different firmware in order to optimise your hardware even more, but you have to realise that when doing this, you might end up breaking your hardware or installing backdoored firmware sooner or later (and those optimizations are usually just a couple percent better... It's still more efficient hardware = more hashes for an amount of energy).
What does make it complicated is that the most efficient miner might not be the most sturdy one... And if you pay to much for your energy, odds are pretty big you'll never ROI, no matter which miner you buy. Title: Re: What's your most efficient solo mining rig or plan Post by: mcsteely on March 21, 2023, 12:13:48 PM Yes it is quite annoying, like most things in life there isn't really a way to make free money, but mining comes close if you can get it to be efficient
Title: Re: What's your most efficient solo mining rig or plan Post by: paid2 on March 21, 2023, 04:54:40 PM What is the most effective way to lower the cost of electricity for solo mining Bitcoin, something you would want to set up and never look back again until several years later, it has to be very energy efficient, the size shouldn't matter that much, I am not looking to solve a block very soon. It depends. If you are just interested in the principle of mining, and the "lottery" side of solo-mining, you should look at what Sidehack produces as miners: the R606-R909, Gekko Newpac, CompacF, these are small ASIC miners that don't consume a lot of power, and don't need to be monitored if they are well ventilated/cooled. They are very small hashrate miners, it's ideal for home mining, but you won't reach PH/s levels unless you accumulate thousands of them. Otherwise, recently Canaan had some great promotions on their online site, and the A1166 takes 47J per Th, which is pretty decent. But in any case it's case by case, it depends on your price paid per kw/h. I can advise you to look at Willi's Long term Group run: we rent 200TH/s for 6-7 months through a hashrate rental group, and we share the block reward if we have a block. It's a way to get a foot in solo mining without worrying about the hardware and its maintenance, or the electricity ; as it is rental hashrate. We recently hit a block in the Groupbuy#30 but as you know, it is totally random. More informations here if you are interested : https://bitcointalk.org/index.php?topic=5381245.0 |