Today I read news on decrypt that Ethereum founder Vitalik claim that they are working on the full nodes for smartphone users and in the future all full nodes will be available to run on smart phones. The reason from migrating from hardware to smartphone software is to Decentralize the Ethereum network because most of hardware nodes server are amazon and other online server providers Source: Read Full News https://decrypt.co/154990/future-ethereum-upgrades-could-allow-full-nodes-to-run-on-mobile-phones-vitalik-buterin1: Now my question is , Is this is good idea to run full nodes on smartphone? 2: Will this step put any affect on Ethereum network? 3: If It succeeded than what will be usecase of these nodes server? I have 4G Internet on the mining farms in the village, and so looking through the logs, I see that all the farms did not work for 2-4 hours at the same time per week. The Internet has fallen off, but for mining this is not a big problem, especially now. And for the Ethereum node, you need a reliable Internet in order not to receive fines, so only large hosting companies guarantee a good such Internet. |
|
|
|
|
I do not see any profit on this ASIC. With its cost of $ 1,200, I have a daily profit of 78 cents at a price of 5 cents per kilowatt. And this is assuming that there is 5.8 GB of memory. Jasminer X16-P and Antminer E9 Pro have better energy efficiency.
|
|
|
|
If a beginner confuses ASICs and algorithms, then there is a good website for him, where he only needs to set the cost of electricity. Unfortunately, the Nelyaz site uses a price value of 0.048 and only 0.04 or 0.05, but this is not a problem, although it is better for him to use a value of 0.05. https://www.asicminervalue.com/Antminer X5 is not in the top for some reason. |
|
|
|
Experts say: 21-31 thousand dollars kano says: that the calculations are not reliable in the long run, even for several months Experts answer that kano is not an expert  These experts have never been involved in mining, and do not understand the risks and possible additional costs. |
|
|
|
Now is the time to stack in silence and wait. When mining isn’t profitable has historically been the best time to be mining. By the time it’s profitable that means the price has already risen and everybody is fighting to get as much hashrate as possible. By then it’s too late. If you are able, just mine coins and wait until the market comes back to sell.
I strongly agree with this statement.Usually the guys who make a lot of money out of mining are the ones who do so when they mine at a big loss as I have done it personally in 2018-2019 when everybody shut down their miners I kept mine on.The result were that in 2021 I was an extremely happy person,I got against all odds at that time and I was rewarded a couple of years later.For now there is still time meaning that based on if history will repeat itself,the next bull run should be in late 2025 so another couple of years for people to start their mining journey if they want. Why keep mining at a loss? If buying a coin is cheaper than mining, then it is more profitable to buy it. I also mined ethereum in 2018-2019, but I did not have any losses. But now the situation is different, on old video cards the profit is very small, and new video cards are expensive and their payback period discourages the desire to buy them. |
|
|
|
Do you have an idea about the price of this ASIC? RandomX is a very complex algorithm and ASICs price should be more favorable for buyers so that they are willing to risk buying asics with the risk that developers can change the Monero algorithm after a while.
Miners on processors have a low profit, and then there's a new surprise from Bitman.
Bitmain is having a contest to guess the price. It's a big RISC (bad pun intended) to produce an ASIC mining chip for Monero considering how quickly they have been ready so tweak the algo at the first sniff of a possible ASIC. Even if it's flexible enough to allow mining other (similar) algos there's no other coin big enough to support ASIC mining. New algos would also require new SW at least. Then there's the compromise between performance and flexibility. Very interesting. The price will depend on how this ASIC is made. If this is a processor asic that can be configured for any algorithms, but this will be a new important step in altcoin mining. If this is a chip for certain similar algorithms, then the fate of the ASIC will largely depend on the developers of the Monero coin. If I were the developers, I would wait for the ASIC release and then make a decision. |
|
|
|
During Gamescom 2023, the curtain was finally pulled back on the AMD Radeon RX 7800 XT and RX 7700 XT, with both graphics cards set to launch imminently. As expected, AIBs like Gigabyte and ASUS will be releasing their own custom coolers for the AMD GPUs, but MSI, however, is conspicuously absent from the roster.
It’s not the first time MSI has declined to participate in AMD GPU launches. While it offered its own Ventus model of the AMD Radeon RX 7600, MSI didn’t develop an AMD Radeon RX 7900 XT straight off the bat, instead waiting a few months to release its own iteration. The reason for MSI’s antipathy towards AMD graphics cards isn’t clear, but there’s no doubt it seems keener on Nvidia’s GeForce pixel pushers.https://www.pcgamesn.com/amd/radeon-rx-7800-xt-msiI do not hope that miners will run to buy these video cards, so we are waiting for reviews.
|
|
|
|
In the top 7 profitable ASICs there is not a single bitcoin ASIC! https://www.asicminervalue.com/These are the closest competitors, Bitmain Antminer S19 XP Hyd (255Th) 5350W MicroBT Whatsminer M53S (260Th/s) 6760W but if a new ASIC (400Th/s) 6000W appears, it will change the mining market. Only they need to hurry to start selling at the end of September, because halving is coming soon. You are right , most depends @ what price per TH/s will it be launched . Hydro miners has some slight additional cost as a radiator. There is no air cooled miner which can reach that performance released yet. I really don't care about the profitability, the most i care fastest ROI For some people with free power it would be something like S19-90ths which is only 7-8usd pet ths. S21 will be at least 20-30usd per ths. I'm not a Hydro ASIC, but I have experience with Hydro cooling on a PC. Hydro cooling is more efficient, but any non-factory solution requires great care in installation and use, because the principle is the same. And the repair of such equipment is more expensive. If we discuss free electricity, then I don’t think that anyone has large limits for free electricity, not 1-5 kilowatts per hour, but 20-50 kilowatts per hour. |
|
|
|
it is concerning. many are concerned
Who are these many? Pools have come close to if not gone over 50% in the past. And large groups of miners left them and went elsewhere. When pooled mining first became a thing there were only a couple of major pools and everyone else was still solo mining. It's not a real concern for people who understand that everything is always going to be in flux with this. The real major concern, which is still not a real concern, would be who controls the miners that are mining at these pools. If some government wanted to take over Bitcoin mining they could over a period of years acquire well over 50% of the hash rate. But if they took part of the hash rate and pointed it to one pool another part to another pool and so on, nobody would ever know about it until all the sudden they pointed it at their own pool. But due to the power requirements which are beyond immense and the cost of the hardware which is also beyond immense it's not a real concern for anybody who is not a paranoid nut job. -Dave I disagree with you, because there are not many countries in the world that can make more than 50% of the miners move to this country. These are the USA, Russia and China. Kazakhstan also wanted to become a leader in mining, but their energy systems could not withstand such loads. China has no plans to allow bitcoin mining again. |
|
|
|
for gpu mining no there is not, except you have turbin  , for asic yeah still doable, for cpu = skip, hdd mining same thing if btc goes 2x then all zombie rise from the dead again for good sake  , so wait till etf approved which is it almost guaranted will be there nor end of this year or q1 2024 Increasing the profit in mining by 200% on video cards will unfortunately not give anything, because on many coins over the past month the profit has fallen by 20-30% due to falling coin prices and a small influx of miners. In order for the zombies to rise up, the price of shitcoins for mining must increase at least 5 times. |
|
|
|
The Profitability Perspective
At the time of writing, Monero’s price stands at $145.15, a stark contrast from its all-time high of $517.62 two years ago. Given these figures and the X5’s specifications of 212 kilohashes at 1,350 Watts, its current daily profitability hovers around $6-7usd before accounting for electricity costs.
Profitability could skyrocking? Not really the price hits in the last 2 bullruns only around 500 dollars, but the difficulty increased in the same time. Now thanks to bitmain, more people have an eye on Monero and this "Asics" make it easier for big farms to dive in Monero mining. And i don´t know why people say they don´t care about this miner, i mean i described it, it is now easier to get into monero mining and the hashrate will go up huge. The efficency is so bad, some cpu´s are more efficent. So it´s interesting to see what happens and if this miner can mine other CPU algos. The community's sentiment towards these developments will be crucial in determining Monero's future direction.
WEBSITE | INSTAGRAM | TELEGRAM | TWITTER | YOUTUBEDo you have an idea about the price of this ASIC? RandomX is a very complex algorithm and ASICs price should be more favorable for buyers so that they are willing to risk buying asics with the risk that developers can change the Monero algorithm after a while. Miners on processors have a low profit, and then there's a new surprise from Bitman. |
|
|
|
Firstly, you'll need a large space at home for your mining equipment. Make sure you have it.
Secondly, as for the period to get the investment back: as others mentioned, it depends on the BTC price, your electricity cost, etc. But, ballpark, you could get your investment back in about a year or two if conditions stay favorable (but we all know they never do). Keep in mind, that crypto is volatile, so there are no certainties.
Asics do not need a lot of space. I saw very interesting solutions, when several dozen asics were beautifully installed in the container of an old small truck with forced ventilation and exhaust. The most mobile mining farm. But where do you get such a lot of power in a private house to connect ASICs? |
|
|
|
According to their calculation method, the ASIC, depending on the hashrate, produces a block in solo in 1340-3900 days, and the ASIC with the largest hashrate has the highest probability. But I don’t know how this system takes into account the future increase in complexity and the emergence of new ASICs every year. Asik will die earlier, so it is difficult to verify these calculations.
Lol did they really say that? As of today, the most powerful asic miner needs 20 years to mine a single block, and this assumes no change in difficulty in neither direction. Simply put, the whole study is a waste of energy, probably more people will read it than this topic, but ya, that is the reason why most people are ignorant. This same study is done by experts!! Look at the table and ask yourself why the cost of mining 1 bitcoin in solo is indicated? After all, there are at least 7 bitcoins in one block, taking into account the block reward and commissions, and to get 1 bitcoin, you need to mine the whole block. Therefore, I am sure that any ASIC will be broken earlier, the experiment is impossible  |
|
|
|
Now is the time to stack in silence and wait. When mining isn’t profitable has historically been the best time to be mining. By the time it’s profitable that means the price has already risen and everybody is fighting to get as much hashrate as possible. By then it’s too late. If you are able, just mine coins and wait until the market comes back to sell.
If you know good coins, then it is more profitable to buy them when I spend my 80% of mining profit on expenses and wear out video cards under load. It is not clear which coin price may rise in the future, because these are shitcoins. What coins are you currently mining? |
|
|
|
The only downside of a miner running on phones is the battery life, but as you said that it will only consume around 1-2% per day then this can be a way forward in achieving true decentralization.
A fast blockchain with over 300k TPS requires a large number of blocks and the software on the phone must be constantly active and consume enough resources. It is impossible to achieve such speeds in mining coins, so this coin does not have mining, but possibly nodes on mobile phones. But I don’t know where such speed comes from on weak mobile devices. Yeah good questions. That throughput is achieved through a number of reasons: - sharding (parallel TX processing) - layering (group TX processing) - zero knowledge proofs - RSA accumulators to store/query/update chain The actual data load is minimal and the calculation process can be completed in milliseconds by smartphones without any visible reduction in battery life. Blocks are formed, verified and generated every 8 seconds. Zero-knowledge proofs require even more resources, and the more shards in the blockchain, the more calculations. I am a miner, I can be wrong, but I think that this is a logical opinion. Then where do the main calculations take place if the mobile nodes do not consume resources? Do they validate blocks without validation? |
|
|
|
I think it's a bad idea to use small fans for cooling. I know that in a computer such fans quickly become clogged with dust and break down and often have to be changed. After a year, many of these fans begin to make noise. This is an advertisement for a video card with 5 fans, but not the best technical solution. |
|
|
|
Ethereum Foundation introduce the Ethereum Execution Layer Specification
After more than a year in development, we're pleased to publicly introduce the Ethereum Execution Layer Specification (affectionately known as EELS.) EELS is a Python reference implementation of the core components of an Ethereum execution client focused on readability and clarity. Intended as a spiritual successor to the Yellow Paper that's more programmer friendly and up-to-date with post-merge forks, EELS can fill and execute state tests, follow mainnet1, and is a great place to prototype new EIPs.
EELS provides complete snapshots of the protocol at each fork—including upcoming ones—making it much easier to follow than EIPs (which only propose changes) and production clients (which often mix multiple forks in the same codepath.)https://blog.ethereum.org/2023/08/29/eel-spec
|
|
|
|
It seems you are just getting started with it and do not know how it works. Though many users have suggested some technical ways to achieve this I would say mining at home and eventually profiting from it could be dreamy. If you have good space in the house like the garage, or a giant space in the back yard or something then you may be able to achieve some goals. The mining setup will definitely take up a lot of space. If it is going to be bigger (if space is there) then it may happen you will be charged commercial rates since your meter will start noting down huge unit usage. The only way to go around it is to have dedicated space, and get into the mining business with full field study just like what our fellow members has mentioned up here. Or else you can option out for small project like Gekko USB miners, HeatBeat miners, that heats up your house and at the same time helps you solo mine. Though I do not believe any of this considering the current network difficulty.
Miner heaters have long been outdated in terms of characteristics and they have a high cost. Unfortunately, it is very difficult to use asics with fans at home because of the noise even in the garage, although there are options with noise boxes, but on average it is 2-3 asics at 3 kilowatts, and even then not in every private house. Now all the energy companies know about mining, so high power consumption will be a red flag. |
|
|
|
They did some pretty serious calculations to figure out how much electricity it takes to mine a single Bitcoin.
It's more so they did some pretty stupid calculations to come up with this rubbish, there is no way on planet earth you can mine a whole BTC at your house, sure not in any of those countries they listed as "cheap", the single new gen miner consumes 3kw which is probably more than a few hours max capacity in most of the countries listed, so you can't even plug that shit at home. If you are lucky, the average gear you can run at an average home in one of those countries would be an S9 that does 14th, and that would require 440 years to mine a single bitcoin assuming difficulty stays flat and no halvings, so you looking at a few centuries to mine a single bitcoin, so in a life time, all those houses that may mine bitcoin combined won't mine what a single large miner in the U.S can mine in a day, so what is the purpose of this study? Also, how did they get the electricity rate for those countries? probably via a Google search, because I can assure you at least half of those figures are incorrect, most countries with cheap electricity have tier-based costs, and that tier-based cost will ramp up in a few days after running a small miner like an S9, Let alone an S19 or M30s. According to their calculation method, the ASIC, depending on the hashrate, produces a block in solo in 1340-3900 days, and the ASIC with the largest hashrate has the highest probability. But I don’t know how this system takes into account the future increase in complexity and the emergence of new ASICs every year. Asik will die earlier, so it is difficult to verify these calculations. |
|
|
|
In the top 7 profitable ASICs there is not a single bitcoin ASIC! https://www.asicminervalue.com/These are the closest competitors, Bitmain Antminer S19 XP Hyd (255Th) 5350W MicroBT Whatsminer M53S (260Th/s) 6760W but if a new ASIC (400Th/s) 6000W appears, it will change the mining market. Only they need to hurry to start selling at the end of September, because halving is coming soon. |
|
|
|
|
Show Posts
