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Um, using "Top bitcoin ASIC miner picks 2024" as a title implies that more than 1 miner will be discussed.
All you did was make an ad for the Whatsminer with no others even mentioned as comparisons. I take it you intend to add more miners to the list with their pros/cons right?...
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So they've now decided to mine empty blocks if there is not enough 'legit' tx's available? Idiots...  |
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Are you trying to win the solo Bitcoin mining lottery using this mining?
For this price there are good video cards with the same power consumption and they have a better chance of paying for themselves in a few years.
... Video cards are only good for mining alts aka crapcoins and are beyond useless for mining BTC. Considering this area deals only with Bitcoin that is a pretty poor comparison of 'value'. The point of these miners is not based on them paying for themselves - they are (relatively) low-cost lottery ticket machines. *Maybe* ya get lucky and while the odds say it's bloody unlikely to find a block -- it is possible and in the meantime they are dirt cheap to run. |
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Distilled water in a huge no-no. DI water will attack the copper components in the miners and PSU's.
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@OP Um the ks3 is NOT a Bitcoin miner - it mines an altcoin, specifically the KHeavyHash algorithm... You *do* know that not all crypto are 'Bitcoin' right? If not - now you do.  This area where you posted is for topics regarding Bitcoin - not alts aka crapcoins. Requested the mods move this to the right area. edit: I see da mods did  |
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Being new to mining one very important thing to understand that all crypto coins are NOT the same and most have very different hardware requirements. In short, only 1 is Bitcoin BTC. ALL others are altcoins and most of those are aka crapcoins because they are near worthless... That said, this is the Bitcoin area and discussions are restricted to only Bitcoin. Period. All questions & discussion for the other coins belongs in the Altcoin areas. As for mining equipment distributors, only buy either direct from the manufacturers or only from their Authorized distributors that are listed on their site. Buying from anywhere else increases risk of being scammed and even more importantly, even if the gear is new it will NOT have a Factory supported warranty unless it bought from the mfgr or one of their Authorized Distributors. |
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Kind of raises questions about the barrier of entry for mining being too low for those with large amounts of money to spend, but lack fundamental knowledge of how Bitcoin works. And along that line the AC power needed to feed miners. eg having the skills needed to SAFELY do the wiring needed to handle it... |
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Unlike Antpool, Foundry is *NOT* a 'public' pool that anyone can use. It is for their private mining and for Institutional miners who contract with them. The attraction for Institutional miners is simple: Dirt cheap rates and no equipment to buy. The same applies to Marathon (MARA).
Now as to popularity of Antpoo - no idea. Yes they too have Institutional contracts and with their US operations can offer them rates on-par with Foundry and MARA. I'm certain that a large part of their hashrate are Institutional customers. Question there is, why do so many much smaller miners use Antpoo? Frankly, for small miners their payout scale suxs...
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You call it a 'bug'. Why? Ever since BTC genesis block, data that is NOT a tx has been allowed. Satoshi himself did it several times. Ref https://medium.com/kaleidoscope-xcp/the-early-evolution-of-art-on-the-blockchain-part-1-d52d1454e34b The only difference these days is that for some unfathomable reasons there are now folks willing to pay huge fees to put their 'art' into the blockchain. As an active miner since Feb 2014 I am fine with ordinals. Being a miner and with blocks now often having fees that are very often over 1 BTC sometimes 2-3 BTC it is a profitability godsend. Come the 1/2ing next year they will almost be required to be profitable. Do remember that if a miner chooses to use their own (censored) block template they are in essence solo mining as no one else is working on that exact same template. Only difference is that: a. Ocean will still split the reward with others in their pool and, b. I get the feeling that any miner using Ocean will NOT have the choice of censoring the tx's presented to them by the Ocean servers as ordinal tx's are already stripped from the work sent to them. Personally I choose to mine at a pool that does not EVER censor tx's - namely, Kano's pool |
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Looks like they've got some good tech going where they are aiming at really decentralizing mining unlike the current scenario in which we've seen miners can get compromised into censoring transactions And Ocean censoring ordinal tx's is different how? They state one thing and then go on to do the exact same thing they say they are against. Censorship is censorship - period. Oh, and you may want to continue this thread in one that already is running in the Pools area because this is sure to devolve into the exact same discussions... Be sure to make a lot of popcorn for the read...  |
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It will be very interesting to see how things turn out an if the people following ordinals try to fin workarounds if Core happens to follow this path.
Indeed, many incredible events are going to unfold just in time for the halving, though I wonder why on Ocean's main page it says "Message from Luke" "Bitcoin is no longer censorship-resistant, and mining centralisation endangers its security too. It's time to fix that." And then Ocean is the first pool to censor certain types of transactions for something that has yet to reach consensus, wouldn't be wise to just sense what the other nodes would do and let his pool facilitate the transactions that are agreed upon by other nodes? in other words, let the filter/ban come from BTC itself rather than the pool code? Actually Ocean is not the 1st but Luke's original Eligius may have been, remember he blocked casino tx's going through it. More recently, back in 2021 Marathon mining group (MARA) tried the idea and immediately caught all kinds of hell for doing it. After just few months they stopped censoring tx's because of the uproar. Where's the hue-and-cry from the anti-censorship crowd today on this?  |
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I don’t think they would have shut it down if they had the power, I’m talking of the government(s) to have done it before now. It is only now that everyone is paying attention to it that some government are also paying attention. I rather think that when Bitcoin was created, it would have been easier to shut it down; maybe the country Satoshi was in could have termed it illegal to put fear in people’s mind. But currently, Bitcoin has become a tree that has its root deep into the soil. It has anchored to different things and people so even if you tried to cut it one root, it still lives.
No, you can sue and punish people for using it if you can prove the case as a law enforcement agency, but the government can't shut it down in the sense that they can literally pull the plug. There are countless of copies of the Bitcoin blockchain and even in the early days the government would have been forced to find every single copy out there, every single download of the blockchain and then delete it. This is what makes Bitcoin so resilient. The most promising way to shut down the network would be to successfully attack the network, hacking private keys and letting the public know that there will be a file dropped in a few minutes where everyone gets access to everyone's keys. That would lead to the price dropping like a rock if it were proven to be true. Folks keep using the phrase, "the government". Um, there are 195 countries on this planet ergo 195 governments. Does anyone seriously think every single one of them would ever work together to remove every single node and piece of mining HW on the planet? Not in this life bub... |
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I am just wondering, what will happen if Bitcoin shutdown? Will the market crash? Um, if the Bitcoin network ceases to operate then there no longer are Markets... One cannot exist without the other. If the BTC network ever shuts down then there is no way to buy/sell it ergo, no markets... That said, it would be near impossible to shutdown Bitcoin. As long as at least 1 node and 1 miner is accessible on the internet the it can work. There is no way every single government in the world will ever cooperate to take down every single node and miner on the planet. As for alts aka crapcoins, most folks don't really give a flying fuck because most alts are useless anyway. That said, since most alts are traded for BTC and then converted to fiat then they become even more worthless |
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A bit off track here but regarding: https://www.energy.gov/science/articles/department-energy-announces-45-million-inertial-fusion-energy-ifeIn the last two years, the U.S. ICF program supported by the National Nuclear Security Administration has produced two significant scientific results. In August 2021, a burning plasma was achieved on NIF with a yield of 1.3 megajoules (MJ). Then, in December 2022, NIF announced a breakthrough result where scientific breakeven (target gain>1) was achieved. More energy from the fusion reactions was produced (3.15 megajoules) than the laser energy that created the burning plasma (2.05 megajoules). A net gain of 1.1 megajoules is not "too small to generate electricity" is it? But I'm not sure if that's the complete picture. Maybe the laser energy is only part of the total energy input but if that was the case they should have quoted that too... This summer they beat that level as well BUT -- what is usually omitted from news being released is that the net gain is over the LASER power input applied to the target in other words the output pulse power of the laser. However considering the NIF laser has a 'wall plug' efficiency of <10% that is still far short of producing more power out of the system than went into it. edit. a simple search brought up an acticle from Physics World As such, NIF is extremely inefficient – its 2 MJ flash-lamp pumped laser requiring around 400 MJ of electrical energy, which equates to a “wall-plug” efficiency of just 0.5%.Jan 20, 2023 |
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Actually, -ck abandoned his development of cgminer years ago. Kano is the sole remaining active Primary developer of it and has applied a slew of updates to it since -ck left the project. BTW, Kano wrote the entire API for cgminer. His repo is https://github.com/kanoi/cgminer The API info is under API-README. AFAIK Bitmain (and most other makers) uses the cgminer API with no additions of their own. |
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Wanted to know is this company selling legit hardware or not and has anyone dealt with them, dont care what type of miner it was, ice river, antminer, whatsminer, anyminers. Thanks.
You SHOULD care because not all crypto coins are the same and they all have different value. Considering where you've posted, you should be looking for Bitcoin miners. Anything else is an altcoin aka crapcoin miner and questions about them belong in the altcoin areas, not here. That said, the only safe way to buy a miner is direct from the manufacturer or an Authorized reseller which will be listed on the manufacturers website - period. Any other source risks being scammed or at best not having a warranty because the reseller is not an authorized one. |
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tell me why did the choose to do this research? Probably because someone getting a degree in statistics had to choose a subject for their thesis and odds are this was easiest... |
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In the interest of being thorough, it should be pointed out that most washers *will* have a built-in bias because most have a rounded top edge and a much sharper bottom edge because they are stamped out of ribbons of metal. For no bias the washer should be flat-ground.
As an aside - that also affects how they work: correct orientation is rounded side against the head of a bolt or against a nut or lock-washer, sharp edge against what is being bolted. The edge digs in to grip the material a bit reducing chance of rotation and also helps seal against corrosion.
As for bias caused by how a coin is flipped - take that out of the equation by spinning it on the edge and counting what side it stops on. The huge number of spins that usually happen should remove any conscious or unconscious 'flip' technique bias.
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... Good answer. But if you do not have the opportunity to purchase cheap electricity, then all other items on this list immediately lose their meaning. In Russia, mining developed because in some regions the cost of electricity is 1.5-2 cents per kilowatt. But after scandals and breakdowns of household transformers in residential areas, they are fighting against miners. If mining is discovered, the equipment will be confiscated Those ideas seem very interesting to me. Although an effective way to save on electricity consumption while mining is by using a device that allows you to mine while spending very little electricity. I've been using the Raspberry Pi to mine cryptocurrencies, and it's working very well for me. It consumes very little electricity, and I can have it running 24 hours a day. Give it a try, and if you have any doubts about how to do it, I recommend checking out this article https://easyautomatedincome.com/how-automate-raspberry-pi-mining-profit/ The price of electricity in the United Kingdom varies depending on the type of consumer and the time of day. According to GlobalPetrolPrices.com, the average price of electricity for households in March 2023 was 0.466 USD per kWh1. This is the Bitcoin-only area and a Pi - or for that matter ANY PC - is beyond useless for mining BTC. Great for running a USB ASIC miner but that is all. Can they be used to mine crapcoins? Sure but discussion on that belongs in the Altcoin mining areas - not here. |
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Its not a long list of speeds (that's modded fw), its a field where you type the speed value, default in the 8T model was 600mhz and you could change it for example to 550mhz by actually typing that number. Incorrect. On mine dated Aug 2016 it's a pull down list spanning from 100MHz to 1000MHz https://i.imgur.com/m1BTD2f.png |
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