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Bitcoin => Mining => Topic started by: floridaman86 on May 10, 2022, 11:36:42 PM



Title: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: floridaman86 on May 10, 2022, 11:36:42 PM
Howdy! I am new to the mining world, and crypto in general. I have been trying to educate myself on everything, and have over the past month or so been mining with a couple of old tablets via CryptoTab.
It doesn't produce much, but its fun anyway. I have 3 old tablets mining at 1MH/s (1,000 H/s) each. I estimate I get in the the ball park of 4,000-6,000 sats a month (depends greatly on how often I can "reset" the miner. It only allows 2 hour intervals.)

I am looking to upgrade to something a little more powerful (not quite ready to dive into a $6,000 miner yet). And found a GekkoScience Compac F that says it mines at 200GH, and an old Antminer S1 that says it can mine at 180GH.

My question comes in at the production.

I am using a mining calculator: cryptocompare.com and it is telling me that these two miners, that have significantly higher hash rate than what CryptoTab offers, will mine only about the same amount, or less. How can that be?

I'm not overly concerned about profitability at this point, as I believe any BTC I can mine right now, will be worth significantly more in the future. But, I do want to be able to mine a bit more than 5,000 sats a month...

Any thoughts and direction would be appreciated.


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: Bitcoin_Arena on May 10, 2022, 11:49:57 PM
Cryptotab is one of those apps that is going to waste your time and resources and make you think you are making some sats and yet you wasted a lot.

Here is what you need to know

...
3. Mining BITCOIN is done exclusively with dedicated BITCOIN mining hardware based on ASICs - https://en.wikipedia.org/wiki/Application-specific_integrated_circuit . You CAN NOT meaningfully mine bitcoin today with CPU, GPU or even FPGAs. Bitcoin difficulty adapts to match the amount of mining done on the network and has reached levels trillions of times too high to mine meaningfully with PCs, laptops, tablets, phones, webpages, javascript, GPUs, and even generalised SHA hardware. You will not find software in this section to help you mine bitcoin in this absurdly inefficient manner in this subforum. It would cost you thousands of dollars in electricity per year to earn only a few cents in bitcoin. Even if you combined all the computers in the world, including all known supercomputer, you would not even approach 0.1% of the bitcoin hashrate today. Any discussion outside of ASIC related mining, except in the interests of academia, will be moved to the altcoin mining section. There isn't any point attempting to mine bitcoin with CPU or GPU even in the interests of learning as it shares almost nothing with how bitcoin is mined with ASICs and will not teach you anything.

TL/DR Summary:
 - You CANNOT meaningfully mine bitcoin with your PC or laptop no matter how powerful it is.
 - You CANNOT meaningfully mine bitcoin with your tablet or phone no matter how powerful it is.
 - Mining apps for your phone or tablet that claim to mine bitcoin are almost certainly scams.
....


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: floridaman86 on May 11, 2022, 12:07:39 AM
Cryptotab is one of those apps that is going to waste your time and resources and make you think you are making some sats and yet you wasted a lot.

Here is what you need to know

...
3. Mining BITCOIN is done exclusively with dedicated BITCOIN mining hardware based on ASICs - https://en.wikipedia.org/wiki/Application-specific_integrated_circuit . You CAN NOT meaningfully mine bitcoin today with CPU, GPU or even FPGAs. Bitcoin difficulty adapts to match the amount of mining done on the network and has reached levels trillions of times too high to mine meaningfully with PCs, laptops, tablets, phones, webpages, javascript, GPUs, and even generalised SHA hardware. You will not find software in this section to help you mine bitcoin in this absurdly inefficient manner in this subforum. It would cost you thousands of dollars in electricity per year to earn only a few cents in bitcoin. Even if you combined all the computers in the world, including all known supercomputer, you would not even approach 0.1% of the bitcoin hashrate today. Any discussion outside of ASIC related mining, except in the interests of academia, will be moved to the altcoin mining section. There isn't any point attempting to mine bitcoin with CPU or GPU even in the interests of learning as it shares almost nothing with how bitcoin is mined with ASICs and will not teach you anything.

TL/DR Summary:
 - You CANNOT meaningfully mine bitcoin with your PC or laptop no matter how powerful it is.
 - You CANNOT meaningfully mine bitcoin with your tablet or phone no matter how powerful it is.
 - Mining apps for your phone or tablet that claim to mine bitcoin are almost certainly scams.
....

great, thank you. so.... that is why I am wanting to upgrade. Any thoughts on the miners I mentioned?


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: mikeywith on May 11, 2022, 03:05:11 AM
I am looking to upgrade to something a little more powerful (not quite ready to dive into a $6,000 miner yet). And found a GekkoScience Compac F that says it mines at 200GH, and an old Antminer S1 that says it can mine at 180GH.

Without a doubt, USB sticks will beat the antminer S1, those are way too large, and consume a lot more power, there are a few light USB sticks options available, check the hardware section of this board.


Quote
I am using a mining calculator: cryptocompare.com and it is telling me that these two miners, that have significantly higher hash rate than what CryptoTab offers, will mine only about the same amount, or less. How can that be?

Cryptotab and all the other online mining stuff is just B.S, if you don't a own a mining hardware, you will either waste your time for nothing or very, very little.

Quote
I'm not overly concerned about profitability at this point, as I believe any BTC I can mine right now, will be worth significantly more in the future. But, I do want to be able to mine a bit more than 5,000 sats a month...

If are 100% certain BTC will go up in value, then just buy the coin itself, makes more sense no? with that said when making a mining investment, the question you should ask yourself is this

Quote
After paying the power bill, and accounting for at least 10% difficulty increase from here on, as well as the lifespan of this gear I want to buy, will I make more BTC than I could buy for cash right here right now? if the answer is yes, get yourself a miner.

What's your power rate? and how much capacity of power do you have? you might jump straight into the terehash tier, that makes a lot more sats than gigahashes hardware.


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: nullama on May 11, 2022, 04:20:15 AM
Howdy! I am new to the mining world, and crypto in general. I have been trying to educate myself on everything, and have over the past month or so been mining with a couple of old tablets via CryptoTab.
It doesn't produce much, but its fun anyway. I have 3 old tablets mining at 1MH/s (1,000 H/s) each. I estimate I get in the the ball park of 4,000-6,000 sats a month (depends greatly on how often I can "reset" the miner. It only allows 2 hour intervals.)

I am looking to upgrade to something a little more powerful (not quite ready to dive into a $6,000 miner yet). And found a GekkoScience Compac F that says it mines at 200GH, and an old Antminer S1 that says it can mine at 180GH.

My question comes in at the production.

I am using a mining calculator: cryptocompare.com and it is telling me that these two miners, that have significantly higher hash rate than what CryptoTab offers, will mine only about the same amount, or less. How can that be?

I'm not overly concerned about profitability at this point, as I believe any BTC I can mine right now, will be worth significantly more in the future. But, I do want to be able to mine a bit more than 5,000 sats a month...

Any thoughts and direction would be appreciated.

The Compac F can go way beyond 200GH/s.

If you have a USB hub that provides 2.4A you can easily get 300GH/s.

There are specialized hubs like the GekkoScience one that will provide more amps per port, I think about 3A, resulting in even more hashing power.

They are great little devices. And a user here hit a block with one of those while solo mining  :o


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: floridaman86 on May 11, 2022, 12:51:36 PM
Howdy! I am new to the mining world, and crypto in general. I have been trying to educate myself on everything, and have over the past month or so been mining with a couple of old tablets via CryptoTab.
It doesn't produce much, but its fun anyway. I have 3 old tablets mining at 1MH/s (1,000 H/s) each. I estimate I get in the the ball park of 4,000-6,000 sats a month (depends greatly on how often I can "reset" the miner. It only allows 2 hour intervals.)

I am looking to upgrade to something a little more powerful (not quite ready to dive into a $6,000 miner yet). And found a GekkoScience Compac F that says it mines at 200GH, and an old Antminer S1 that says it can mine at 180GH.

My question comes in at the production.

I am using a mining calculator: cryptocompare.com and it is telling me that these two miners, that have significantly higher hash rate than what CryptoTab offers, will mine only about the same amount, or less. How can that be?

I'm not overly concerned about profitability at this point, as I believe any BTC I can mine right now, will be worth significantly more in the future. But, I do want to be able to mine a bit more than 5,000 sats a month...

Any thoughts and direction would be appreciated.

The Compac F can go way beyond 200GH/s.

If you have a USB hub that provides 2.4A you can easily get 300GH/s.

There are specialized hubs like the GekkoScience one that will provide more amps per port, I think about 3A, resulting in even more hashing power.

They are great little devices. And a user here hit a block with one of those while solo mining  :o

about how many sats do you think I would be able to mine a month with that usb miner?


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: floridaman86 on May 11, 2022, 07:00:33 PM
I am looking to upgrade to something a little more powerful (not quite ready to dive into a $6,000 miner yet). And found a GekkoScience Compac F that says it mines at 200GH, and an old Antminer S1 that says it can mine at 180GH.

Without a doubt, USB sticks will beat the antminer S1, those are way too large, and consume a lot more power, there are a few light USB sticks options available, check the hardware section of this board.


Quote
I am using a mining calculator: cryptocompare.com and it is telling me that these two miners, that have significantly higher hash rate than what CryptoTab offers, will mine only about the same amount, or less. How can that be?

Cryptotab and all the other online mining stuff is just B.S, if you don't a own a mining hardware, you will either waste your time for nothing or very, very little.

Quote
I'm not overly concerned about profitability at this point, as I believe any BTC I can mine right now, will be worth significantly more in the future. But, I do want to be able to mine a bit more than 5,000 sats a month...

If are 100% certain BTC will go up in value, then just buy the coin itself, makes more sense no? with that said when making a mining investment, the question you should ask yourself is this

Code:
After paying the power bill, and accounting for at least 10% difficulty increase from here on, as well as the lifespan of this gear I want to buy, will I make more [btc] than I could buy for cash right here right now? if the answer is yes, get yourself a miner.

What's your power rate? and how much capacity of power do you have? you might jump straight into the terehash tier, that makes a lot more sats than gigahashes hardware.

I pay about 9 cent KW/hr, not sure about capacity... I have room left in my circuit breaker if thats what you mean. How do I find out about capacity?
I'm not looking for a big miner, as I understand they are usually very loud. My wife, doesn't want to deal with something that sounds like a shop vac constantly going off in the garage, especially as we have an 18 month old that takes naps during the day still.

I have bought some bitcoin already, and plan to buy some more, but the mining thing seems like a fun hobby to play around with a bit. My understanding is the USB miners are quiet but don't produce much sats. Do you have an idea how many I can expect to mine on a monthly basis with one?


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: nullama on May 12, 2022, 12:28:25 AM
~snip~
about how many sats do you think I would be able to mine a month with that usb miner?

Almost nothing, an estimated 3310 sats a month with one Compac F miner at 300GH/s. And that's assuming the pool allows you to join them.

If you want to have a small but reasonable constant payout with a silent miner, then have a look at the Apollo BTC. It can produce around 3TH/s, so 10 times more than one Compac F.

Based on what you've described here I think the Apollo is the perfect miner for you. It's quiet, looks great, and produces a reasonable hashrate.


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: mikeywith on May 13, 2022, 03:47:31 AM
I pay about 9 cent KW/hr, not sure about capacity... I have room left in my circuit breaker if thats what you mean. How do I find out about capacity?
I'm not looking for a big miner, as I understand they are usually very loud. My wife, doesn't want to deal with something that sounds like a shop vac constantly going off in the garage, especially as we have an 18 month old that takes naps during the day still.

9 cents/kWh is a bit on the high side for any large asic miner and given your wife, it makes things even worse, but as far as the little baby is concerned I believe they will sleep better with the noise of the asic miner, babies love white noise.  :D

Quote
Do you have an idea how many I can expect to mine on a monthly basis with one?

if you get Apollo with 3th you would expect to make about $12 or  0.00038 BTC per month (before the power bill).

You can use this simple calculator (https://www.cryptocompare.com/mining/calculator/btc?HashingPower=3&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0&MiningPoolFee=0) to calculate different hashrate, but keep in mind that these numbers do change depending on the difficulty and price of bitcoin.


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: NotATether on May 13, 2022, 04:04:08 AM
Quote
Do you have an idea how many I can expect to mine on a monthly basis with one?

if you get Apollo with 3th you would expect to make about $12 or  0.00038 BTC per month (before the power bill).

You can use this simple calculator (https://www.cryptocompare.com/mining/calculator/btc?HashingPower=3&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0&MiningPoolFee=0) to calculate different hashrate, but keep in mind that these numbers do change depending on the difficulty and price of bitcoin.

Usually the power bill would be much greater than that, or even if in a third world country, then still very close to $12, so if you ask me, mining with any of the devices (a single one) mentioned in the first post is a complete waste of time, except for perhaps the USB miner which I don't expect to use that much energy (I wouldn't mine for that little profit, personally).

I would get some miner with at least a few TH so you don't get completely left behind the block mining race. 200-500GH/s is simply too low to be reasonable even for lottery mining.


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: BitMaxz on May 13, 2022, 03:36:50 PM
Almost nothing, an estimated 3310 sats a month with one Compac F miner at 300GH/s. And that's assuming the pool allows you to join them.

If you want to have a small but reasonable constant payout with a silent miner, then have a look at the Apollo BTC. It can produce around 3TH/s, so 10 times more than one Compac F.

Based on what you've described here I think the Apollo is the perfect miner for you. It's quiet, looks great, and produces a reasonable hashrate.

Not a good choice because Apollo can pull 200w while Compac F is around 9w. So Apollo consumes more power than the USB stick not a good choice for a 9 cents rate unless he doesn't care about the power consumption.
For clarification, if you have 10 Compac F you can also get 3th/s with around 90w which consumes less power than Apollo.

I just want to add this calculator below with a breakeven analysis to estimate the ROI of your unit.

- https://www.mycryptobuddy.com/bitcoinminingcalculator


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: Morguk on May 13, 2022, 05:18:04 PM
I pay about 9 cent KW/hr, not sure about capacity... I have room left in my circuit breaker if thats what you mean. How do I find out about capacity?
I'm not looking for a big miner, as I understand they are usually very loud. My wife, doesn't want to deal with something that sounds like a shop vac constantly going off in the garage, especially as we have an 18 month old that takes naps during the day still.

I have bought some bitcoin already, and plan to buy some more, but the mining thing seems like a fun hobby to play around with a bit. My understanding is the USB miners are quiet but don't produce much sats. Do you have an idea how many I can expect to mine on a monthly basis with one?

If you want to accumulate bitcoin then just buy it on a regular basis. If you want fun with mining as a hobby, look into solo or lotto mining.


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: nullama on May 14, 2022, 04:49:52 AM
~snip~

Not a good choice because Apollo can pull 200w while Compac F is around 9w. So Apollo consumes more power than the USB stick not a good choice for a 9 cents rate unless he doesn't care about the power consumption.
For clarification, if you have 10 Compac F you can also get 3th/s with around 90w which consumes less power than Apollo.

I just want to add this calculator below with a breakeven analysis to estimate the ROI of your unit.

- https://www.mycryptobuddy.com/bitcoinminingcalculator

Those are operational costs, and in reality they cost about the same to run per TH/s, but buying an Apollo would be much cheaper and simpler to run than 10 Compac Fs.

You can in theory(it's sold out) buy 3 Compac Fs for $699.99
https://i.imgur.com/ChMIuZ0.png

Note that individual Compac Fs are being sold right now at $359.99 and to be able to get 300GH/s you also need to buy special rare USB hubs that provide at least 2.4A per port, a power supply for each hub, and fans.
https://i.imgur.com/21jyBbV.png

But let's assume an individual price of $233.33 based on only buying those packs of 3 miners. That means to get 10 Compac Fs you will need to pay about $2.3k.

In comparison, one Apollo BTC costs $499.90:
https://i.imgur.com/mStPBt4.png

Also, it's hard to make a fair comparison because you can change the power settings on both devices.

These are real numbers that I've measured myself:

For the Compac F, to be able to run at 300GH/s you need to provide 2.4A in the USB port. At 5V that's 12W.

The Apollo can run at different power settings, I'm running mine in a silent setting, so it's producing about 2.1TH/s at 120W.

That's exactly 7 Compac F to match the hash rate of the Apollo.

It's still cheaper and simpler per TH/s to get the Apollo:

1 Apollo BTC: $499.99

7 Compac F: $1,633.31

You can buy 3 Apollos for that price!


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: philipma1957 on May 14, 2022, 01:07:52 PM
well most people wont like this but if you get a laptop mine it to nicehash

it earns more.

you mine eth and nicehash auto converts to btc and pays you in btc.

technically you are mining eth not btc but in practicality you get paid in btc.

it is better than the advice you are getting here.

but the info i am giving would be considered alt coin advice.

if you are usa based best buy has a few good laptops you could get.


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: nullama on May 15, 2022, 01:03:58 AM
well most people wont like this but if you get a laptop mine it to nicehash

it earns more.

you mine eth and nicehash auto converts to btc and pays you in btc.

technically you are mining eth not btc but in practicality you get paid in btc.

it is better than the advice you are getting here.

but the info i am giving would be considered alt coin advice.

if you are usa based best buy has a few good laptops you could get.

Yeah, but you can't solo mine BTC with that though.

You can of course do both strategies.


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: Bradthelad on June 23, 2022, 04:37:28 PM
Sorry boys, were off to the races !
Over 4 terahash already smashing it.



https://imgur.com/a/fm4sysn


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: nullama on June 23, 2022, 04:38:53 PM
Sorry boys, were off to the races !
Over 4 terahash already smashing it.

https://imgur.com/a/fm4sysn

That's quite impressive for an older generation USB miner setup!

Ahhh you also got some sweet Compac Fs!

I hope you get a block!


Title: Re: mining with CryptoTab vs USB miner vs old Antminer S1
Post by: Bradthelad on June 23, 2022, 04:54:18 PM
1 dam block, thats all I need. on the Pi screen it currently says "Block = 0".
Eventually thats going to say Block = 1 !!!!!   COME ONNONONNNNNNNNN