I hope this is for real, I have been so hungry for a new Asic miner all this while, to me this doesn't look like fake yet
It's not fake, it's real (I confirmed it from various trusted sources I know) it uses a 5.4kw PSU it's based on a high-density design using 1,092 chips inside this little miner, all running at low frequency to achieve these amazing results you see in the video, of course, this will have a huge impact on the cost, but ya, this is one pretty little piece. Oh, and it's Chinese-made as well, and these guys are to something in terms of the design and software, it runs on 200-277v with a promised ambient temp of as high as 50c, I highly doubt small users will get their hands on these things, probably the big boys will buy them all, but let's wait and see. And what is this company that recently appeared on the market and released asics, which are better in terms of characteristics than the leader of this market? Intel has invested hundreds of millions of dollars in a new direction to produce their own chips for mining, and they could not compete with Bitmain and closed this project at a loss. |
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With solar energy efficiency going up and hardware costs dropping dramatically over time thanks to Moore's law, I could see solar energy playing a more prominent role in fueling mining operations without having to resort to eating up the energy grid which could not only go out at any time but also is not clean and renewable either.
The efficiency of solar energy for mining in sunny countries is very high if the mining companies have an agreement to consume electricity at night, even when electricity is not used as much. But I did not serve for large miners to produce solar electricity on their own. |
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Why is it still ETC + ZIL? ZIL can be dual-mined with most profitable coins, and this is not parallel mining, but simply switching to ZIL mining about 1 time per hour for a short time when necessary. Nvidia's shares are growing stronger than AMD's, and the topic of AI is more profitable for them.
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Yes, just make sure that you are ordering from Bitmain.  If you are ordering from outside of China, then check the taxes you will pay in your country, because additional taxes on a batch of video cards will be large. There is a very good site. https://alibaba.com/but now in my country i can buy a used graphics card cheaper than when ordering from china. But for new video cards, you already need to consider the risks and benefits. |
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Has anyone studied the legality of mining taxes? In which countries can you officially mine, pay taxes and sleep peacefully?
Just look at which countries have fully legalized cryptocurrency. As of today, cryptocurrency is fully legalized in 15 countries. These are Belarus, Canada, Germany, Canada, El Salvador, Germany, Italy, Malta, Norway, Spain, El Salvador, USA, Ukraine, Philippines, Spain, Czech Republic, Switzerland, Estonia, Japan. And if cryptocurrency is fully legalized, it means that cryptocurrency mining is also allowed. Please, pay taxes and do mining for health  I think so. P.S. You know Russian, you can read it yourself here. Germany, Italy, Malta, Norway, Spain, Czech Republic, Switzerland, Estonia. These countries have very expensive electricity. There is no tax on mining in Russia, but not in all regions it is profitable. I am sure that you will not be able to sleep well in the mining business, because in many countries laws change as soon as there are a lot of miners. |
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So I can now get my electricity for $0.05 per KWh. This is a new opportunity that has landed in front of me and I have the capital to invest a decent chunk into this. I was wondering if it is currently profitable to be doing it from scratch whilst paying the price listed above.
I've done a lot of research throughout reddit and toyed with some of the calculators but thought I'd post with my actual situation to see what other people thought.
Thanks for the time and hopefully I haven't broken any rules posting this!
This is a good electricity price for ASIC mining. I don't know if you have premises to install asics and what expenses you will need to start. I would immediately buy a container for asics, because this will allow you to quickly start mining and the container can always be transported to another place. Otherwise, you will have to spend a lot of money on repairs elsewhere. In the USA there are some nice containers for 20k they can do 150 s19s But they need a lot of kwatts to do that. around 500kwatts of power. While the op mentions 5 cent power he did not say if he has 10kwatts an hour 100kwatts an hour 1000kwatts an hour. It will help to know what he has available to him. I also saw small containers for 100 ASICs on sale. If he has 300-500 kwatts an hour, then he can quickly start a business. And the remaining places can be rented out to close friends, because the investment will pay off in less than a year. If there are 20 kwatts an hour, then this is not enough for ASICs, and for video cards, the payback period is 3-4 times higher. |
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If this is not a scam, then we will soon see reviews of this ASIC. Compared with the new ASICs from Bitmain, the characteristics of the new ASIC are real, but everyone is interested in what chips it is built on.  https://shop.bitmain.com/Buyers will be interested in the price and reliability of the new ASIC. |
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And now calculate the cost of acquiring USB ASICs for hashrate at 14th, power consumption and noise level from 7 pcs COMPAC F 2.1.
Some people don't want 14th, a noise box and all that, they just want a chance to solo mine a block, there is no way you are getting 40 db on an S9 running at 14th unless it's freezing cold and fans are sitting near idle at 20-25%, a very difficult condition to be met giving that the noisebox will increase temps regardless, 50-55 db is more like it, ya if you put it in a different room it could work, but again, not everyone has a spare room. Also, while an S19 gives you 7 times the hashrate (2 vs 14), it also uses 7 times more power, someone who pays 10 cents per kWh will only have to pay 6$ a month while still getting a chance to hit a block, vs paying $90 a month running an s9, in just a few months the power bill alone will surpass the cost of the USB miner, you see we can keep going back and forth of how something is better than the other, but we will get nowhere because as I said, everything has it's own use case. If someone lives in one room of 20 square meters and has expensive electricity, then he should not be mining. It's better to buy lottery tickets every month, because he might have a better chance of getting rich 04:42 ASIC noise level in the Noisebox in Normal mode https://www.youtube.com/watch?v=Ne8kV64AufA&ab_channel=SeregaSoleniyminer |
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ugh gddr7 with 32gts speed bandwith 1.5tb which is faster than radeon 7 hbm2, should be king for crypto mining which is released 1.5 year from now
it might to late come to party 2025 which consider to risk for roi before another bubble-pop.
Only on the condition that Ethereum can be mined again on video cards Not all mining algorithms depend on the frequency of the video card memory. But the saddest thing is that for other coins on the ethаsh algorithm, there have been asics for a long time. Therefore, we are waiting for 5090 from Nvidia and are surprised at its cost, because AMD does not have equivalent models. |
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OneZeroMiner 1.2.2Changelog Minor hashrate improvement(~5%) on some gpus Fixed an issue that could result in 414 errors on mallob re-connection Improved overall stability on mallob re-connection Minor bug fixes Note If you see a reduced power usage and hashrate, please adjust the OC settings. Also, locking memory clocks to 5000 or 5001 might not be the best choice for efficiency, particularly on high end gpus in each generation. https://github.com/OneZeroMiner/onezerominer/releases/tag/v1.2.2check all links with 1 post The hashrate on the Dynex coin has really grown
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Do you think it will be ok to order a batch of video cards from China for mining ?
The idea is bad because most likely the sellers will deceive you and send you not a new product, but it will be your fault too, because you want to buy video cards at a price that is much cheaper than on the market. Video cards can be defective and you will find a defect in the first months of mining, and you will not get a quick replacement from China. |
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Ravencoin DAG size is growing very fast. I think non-Video card tools have been released
The size of the DAG file is growing according to the plan of the developers. On graphics cards with 6 GB memory, you can mine until Q1 2027, and on graphics cards with 8 GB memory until the beginning of Q4 2030. It also depends on your operating system, because Windows uses up to 350 megabytes of video card RAM and Linux systems use several megabytes. If you have a 4 GB video card, then it is high time to change it or look for other coins, but I doubt that you will find anything with a good profit. https://minerstat.com/dag-size-calculator |
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Can you give me a link to a good mining site?
Here https://www.nicehash.com/There are articles, a blog, mining calculators and links to other communities. Until you write down the cost of your electricity, I can't help you. I consider now the maximum ceiling of 6 cents per kilowatt, if your electricity is more expensive, then do not start mining now. |
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If you want to mine from home using a GPU on your PC then look for a trusted and reputable mining software that will enable that for you. Cudo Miner is a good miner that can be used to set up mining farms from unused computing power. Watch here: https://youtu.be/YYnbZM2wox8In order to make money at home now on video card mining, you must have a large house and a special place to install equipment. There are no profitable coins for video cards now, so it’s better to buy asics for bitcoin mining if the cost of electricity is not more than 6 cents. |
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So I can now get my electricity for $0.05 per KWh. This is a new opportunity that has landed in front of me and I have the capital to invest a decent chunk into this. I was wondering if it is currently profitable to be doing it from scratch whilst paying the price listed above.
I've done a lot of research throughout reddit and toyed with some of the calculators but thought I'd post with my actual situation to see what other people thought.
Thanks for the time and hopefully I haven't broken any rules posting this!
This is a good electricity price for ASIC mining. I don't know if you have premises to install asics and what expenses you will need to start. I would immediately buy a container for asics, because this will allow you to quickly start mining and the container can always be transported to another place. Otherwise, you will have to spend a lot of money on repairs elsewhere. |
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" The bitcoin mining industry in Russia is booming, and hardware manufacturers Bitmain and MicroBT are positioning themselves to reap the benefits.
More machines are flowing into Russia than anywhere else in the world, Ethan Vera, chief operating officer at global mining services firm Luxor Technologies, said at CoinDesk’s Consensus 2023 festival held last month in Austin, Texas.
Russia has always been a powerhouse in terms of Bitcoin hash rate – a measure of computational power being contributed to the blockchain – thanks to the availability of cheap energy and its cold climate. Russia’s share of world mining gained as China banned the industry in 2021, making it the second- or third-largest in the world, according to one of its biggest mining firms." https://www.coindesk.com/consensus-magazine/2023/07/28/amid-sanctions-bitcoin-mining-machines-are-flowing-into-russia-as-industry-thrives/ |
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Let's do a little math. I buy 3 ASIC BITMAIN AntMiner S9 14th for $100 and start mining on one ASIC in solo. For a year I will pay 400 dollars for electricity. And I'll buy a good noisebox for $200. After 2 years, I will get tired of the experiment and I will lose $1100, but I will still have AntMiner S9 bricks and noisebox I think the buyer of Terminus R606 will lose more money if this ASIC costs $400 . It is not just the profit vs cost, not sure how do i explain it better, you keep talking about noise boxes, have you tested them? Because I have and those not near as silent, the heat generated by 3*S9s will need some serious cooling, it is not easy to run an industrial mining gear like the S9 at home. If we talking big scale, of course those USB miners are a bad option, way to expensive for their hashrate. I suggest to buy 3 ASICs of AntMiner S9 14th, so that 1 ASIC can be used for mining, and 2 others for spare parts. When the first ASIC breaks down, I will use the second one, and when the third one breaks down, it is already possible to assemble a working ASIC from spare parts. AntMiner S9 is well designed for this. My comrades tested noise boxes, 40-50 decibels noise level in the noise box. For a balcony, this can be used. And now calculate the cost of acquiring USB ASICs for hashrate at 14th, power consumption and noise level from 7 pcs COMPAC F 2.1. |
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