CryptoTab is a SCAM! Period. Since at least 2013 it has been impossible to mine BTC with a PC much less a smartphone. Odds are it will be loaded with malware to try and get hold of your accounts. The very few (if any exist) clean variants out there that are not scams mine XMR (Monero) or other very low difficulty altcoin which (if it pays out at all) is then eventually paid out in BTC. You are talking about a few pennies per-day at best. Just do a search for it with your fav search engine for details...
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So how much can one expect to mine using a single S17 as compared to 4x RTX 3080s?
You are comparing apples (BTC) to oranges (alts) and discussion of that belongs in the general Bitcoin Discussion area - not here (BTC only).
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Since BTC and crypto everyone wants to get rich and earn a lot of $. Everywhere you look it's the same story, be it BTC or any other shitcoin. It's obvious not everyone will make it.
Yeah, getting rich is nice and I also hope it will happen for myself but I feel the society is becoming way too materialistic. Also the greediness level seems very high, everyone want to get more and more.
What's your view on this?
You are obviously very young and have little historical knowledge of the Financial world.... Try taking a look at the 1980's and the financial shenanigans that occurred on Wall St and other sectors of the economy. Remember Junk Bonds? They were very similar to the ICO/Tokens crapcoins of today and just as risky (largely worthless). Going further back you will find that throughout all history the same shit has been happening. In short: Nothing new. Different day, different way, but still just greedy people doing what they do.
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since a single newer ASIC is going to eat around 3 kwh per day. Not correct. Kwh is total power over time. The newer ASIC's constantly consume over 3kw at any given point in time and that works out to over 72kwh per 24-hour day.
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For all of the faults with the 84X model, you could safely run them in 110F temps by backing them down and then overclocking them in the winter. The 1047 model chews through PSUs, we don't even run their newest firmware because of that reason. What faults? All of my several dozen 841's have been bulletproof - as in zero failures over the years - and are exceptionally tweakable. Their only fault is their efficiency is not the best. I have 2 of the A1041's and 5 of the 1047's, zero PSU failures... Where are you running these to have so many issues?
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My guess is that cgminer is one of the payloads that many malwares carry so virus checkers just automatically black flag it w/o bothering to check if a real virus is present to make use of it...
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<snip> Anyway, just an update: Cutting the voltage really makes a nice difference in temps and power usage. Currently at 16 volts per board and seems a lot happier than 17. Now at 95% real to normal hash rate ratio (remember back at 18.25v I was at 75%) and running 75c with fans at 50% instead of the earlier 100%.
Wonder if anyone else figured this out. Ok, back to writing about how to fix the boards....
If you mean the 'one Vcore for all' boards, I've mentioned that several several time in the past. Using the PSU to do all regulation saves several % eff vs each board having final on-board Vcore regulators and is a large part of the higher power eff of modern miners. I will try doing this asap.
So freq 400 set to 17 volts was doing 37.5 th at 1434 watts now have freq 400 set to 16.1 volts and it is doing? 38.1 th at 1310 watts with large temp drop from 86 c to 81 c
next unit
freq at 480 volts at 17.1 temps are 86.6c watts are 1671
going to only change the volts to 16.1 I assume what is happening is that like Canaan does the software is slightly tweaking the the speed per-chip based on tracking some majik error-rate parameter. Canaan likened it to fiddling with a radio receiver s/n ratio
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voltage drop from 240 to 200 this means more amps and more heat. That is very wrong. Line voltage only affects current on the AC line side of a PSU and has zero effect on the output (as long as the line is high enough for the PSU to work that is...). All the rest is 100% correct. Given the age of the gear I lean to the PCIe connectors being loose/worn out. As I've said many times before, those connectors have a very short mating cycle lifetime. The highest quality ones are only good for around 25 plugging/unplugging cycles before the pins are damaged. El-cheapo ones, well....
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To paraphrase what Davis196 said above, who the f**k cares and why? Morbid curiosity? The dude was a 1st class jerk who bankrupted himself and on the way down took a lot of investors with him.
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It would greatly help if you told where you are located as that makes one helluva difference... If you are in USA the I'd recommend using Blokforge.com who does have stock of Canaan miners. They also happen to be an Authorized distributor for Canaan.
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So what if Bitmain does cut back on spot-market sales of new gear? Safe bet that Canaan, Innosilicon, and MicroBt won't and will be quite happy with their increased sales of new gear. Temporarily halting spot-market sales (read as: individual or very small volume sales) does not mean they will slow down on large-volume sales to mega farms in other parts of the globe. In my book it is a win-win all around for buyers and other miner manufacturers.
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Also one must note that the ban on mining does NOT include a ban on making miners. Bitmain, Canaan et al are still free to keep on making the hardware for sale to the rest of the world. The hardware just cannot be sold for use in China.
As for the large mining farms which were mostly based in China, they just have to move the hardware end of operations out of the country. As I said earlier, they also will now have to use exchanges and banks that are based in other countries to reap their rewards.
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The first thing that always comes up as an answer is cheap electricity, but is it that cheap and a good enough reason to do business in a country with an authoritarian regime and hostile attitude towards Bitcoin? Yes, that *was* the 1st answer. The 2nd is that the people creating and running the mining operations in China are <drum roll please> Chinese, which of course made it a natural choice to base their operations there. Up until recent events, China had been more or less rather friendly towards crypto mining. The crackdowns in earlier years were all aimed at getting rid of scammers involved in the rampant flood of ICO/Token crapcoin pump & dump schemes.
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5) Before resellers and opportunists get way too ahead of themselves for scooping up discounted electrical equipment, they should consider that most of the gear wont be up to code for established Western countries (not UL Listed or CE Certified, aluminum transformers vs copper) As far as miners go, all of Bitmain, Canaan, and MicroBt's gear *are* UL listed/CE certified. That said, at least for CE certification all that means is that the components are properly rated and the design is not likely to catastrophically fail resulting in a fire or electrocution hazard. UL takes that a bit further in that the assembly factories must also allow periodic 3rd party audits to ensure all guidelines are followed. The fact that whoever makes the PSU's seem to *really* like using glue to insulate and hold parts in place is permitted although certainly not consider a best-practice. Globally, transformers with aluminum windings are the norm when it comes to large ones used for power distribution and ones using copper are rather rare to find... Now as to the switchgear, ja they need to check certifications but odds are it is all at least CE Certified.
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Many of the world's leading exchanges are from China and with a daily trading volume of billions of dollars, China's total ban on bitcoin will probably have very bad effects on the market in the near future. When the CEOs of the world's leading electronic exchanges are arrested or detained, how will the market fluctuate?
Why would the owners be arrested or detained? Nothing anywhere has been said regarding that and there is no legal basis for such speculation. As long as they follow the new law(s), shut down and/or move operations out of the country they will be fine. Yes they will have to deal with setting up accounts with foreign exchanges and banks to receive their mining earnings through and then sent/receive Yuan to their Chinese accounts. That is not only fully legal but also a very common practice in international banking. Again, as long as business owners follow the rules -- no problem.
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Is it really necessary to rinse afterwards with distilled water? Yes, either that or a final rinse with IPA (isopropyl alchol). As said earlier, tap water usually contains minerals and salts along with whatever was used in the detergent you use. The final rinse removes the remaining residue.
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