If you calculate the electricity bill for the amount of electricity that is consumed to mine a bitcoin, it can be seen that there is no profit in mining bitcoins.
It really depends on the cost itself. Some miners can have their own power source that doesn't rely on the national power grid, for example. I heard some miners use hydropower to run their farms. While that is rare, the fact that those mining farms keep operating means either they earn decent profit or they believe they can sell BTC for a profit later. CMIIW. Such portable hydroelectric power plants were very common in China with a capacity of 25-250 kilowatts, but after the mining ban, there were many announcements about this sale. I also think that this uses very few miners and many questions about registering such equipment for generating electricity. |
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I have heard the argument many times that some fairly use equipment are better options for purchase when compared to brand new. I can't understand how this can be argued when clearly the only reason to go for fairly used equipment should be insufficient money to afford a new one. My advice for anyone who wants to buy equipment to start mining is that if you can afford to get the new one, go for it and play the long game instead of trying to save some little money on fairly used that are more prone to developing a fault. Buy new equipment if possible.
In case if you buy used equipments at a cheap price, you can buy more with the same price that comes for brand-new ones. Another reason to consider used equipment is that it has likely already experienced some depreciation in value. This means that if you decide to sell it later on, you may not lose as much money as you would if you had purchased it new. While it is true that new equipment is generally less likely to break down or experience problems, this is not always the case. Some used equipment has been well-maintained and may be just as reliable as new equipment. Or you can also just repair them if you have good knowledge on repairing or know someone who does. Also, you can earn back the money you have invested on those used one and sell them again and buy new used one with your profits. So I don't think used equipments will be a bad choice at all if you are wise enough and know how to maintain them. And for those who are newbies could also buy used ones as a startup. You don't wanna ruin your brand-new ones without making the profit that you intended for. If you want to sell the equipment, then the profit will be minimal and you will not be able to sell the equipment at a high price. A very interesting observation, but the price of mining equipment depends on its profit, and not on the market margin of the seller. And there is not much left before the halving. I would buy bitcoin. |
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Are there many new mines in the United States now? Is it the best choice to choose to mine in the United States? How much is the electricity bill? Can recommend a better mine.
I'm just not sure if until now Texas and New york is still the best place in America with a cheap electricity bill in terms of KWH price. But as far as I know Canada and Iceland have a cooler environment. There's probably less dust in those areas, the miners are running at a cooler temperature. I don't know how climate affects the amount of dust, but my friends have asics installed in hangars and they use the simplest industrial dust filters. It seems to me that there are more problems with mining in Canada than in the USA. |
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I am not the developer of this miner. Check all links yourself. Many miners speak positively about this software. This is a miner for the Aleo coin. Releaseshttps://github.com/1to-team/1to-miner/releasesv0.3.2 Spawn threads on GPUs consequentially only when --spawn-with-delay arg is set. By default threads spawn as in 0.3.0. v0.3.1 Spawn threads on GPUs consequentially thus reducing RAM requirements Establish connection to server with a 5s timeout Implement ping-pong mechanism to handle bad internet connection Increase solution target to 900 000
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In any case, as for the Aleo token, the CPU requirements are very high during its extraction, and with such a load, for example, Aleo mining is repulsive for me, but this release significantly reduces the load on the CPU and it looks more attractive.
I saw posts of miners who use 2x core processor. The problem is already solved. More info https://t.me/koliamainer/8571but the developers of this miner prefer to mine coins on their own or rent other people's video cards to get more coins. I think that after the launch of the mainnet, there will be miners who do not need a powerful processor. That would be great as I doubt there is any mining rig that is being run now that does not have a minimum of a dual core celeron processor like the G3900 and some other versions above it as the bare minimum.We all know how great lolminer is which is also the one I always use and it is well known for stability both in Windows and Linux machines so as soon as the mainnet is launched and the CPU problem solved we can then see for real if this coin is going to have all the hype and success many are predicting.This is a really good move so far. lolminer is only planning to release a miner for now, but it will be interesting to see its hashrate and CPU requirements. A new version of the Damominer has been released v2.3.4https://github.com/damomine/aleominer/releases/tag/v2.3.4Full Changelog: Use the file damominer-v2.3.4.tar.gz for running Damominer in Hiveos |
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There are regions in Russia with a price of 0.01-0.02 USD/EUR/kW, such as the Irkutsk region. In large-scale production, electricity prices are cheaper due to large consumption. Prices for citizens are regulated by the regulations of the energy commission in each region. And the price does not depend on the consumption of 100 kilowatts or 15,000 kilowatts. The problem of many villages in Russia is that there are very old transformers and if the miners turn on their mining farm, then the voltage in the electrical network drops. Residents are complaining, power engineers are starting to look for miners.  But in these cases, have the authorities shut down the miners? Are there fines or worse things going on? What is the possibility that a benefactor miner wants to improve the locality's network? It's possible? In regions with cheap electricity, villages are usually built to rent out to miners. If the power engineers come with the police, they can confiscate the equipment. Then, through the court, the power engineers can force the miner to pay at the commercial rate. If you are talking about replacing transformers and electrical wires in the whole village, then it is very expensive. This will require coordination with energy organizations, fire departments, and will take a lot of time, but you will still have certain consumption limits. It is not profitable. LOL, residents complaining is the source of the problem. it is the voltage drop where lights flicker and dims and motors run weird since the ideal running voltage is too low. miners should redistribute miners according to distribution transformers, if voltage start to drop to 200-205v in transformer A for homes number 1-10 then proceed to transformer B for homes 11-20 for expansion, or let the power company install a transformer if you can but that will probably get their attention to the mining operation. In the Russian village there is no Transformer A, Transformer B, and Transformer C. I am not a power engineer, but about 60-100 houses are connected to 1 transformer of 330 kilowatts. In Russia, electricity is sold by one company, while another company (2) maintains transformers and wire lines. The company that sells electricity pays money to the company (2) for the service. For company 2, the installation of modern transformers is a loss. The cities have more modern energy systems, but electricity is more expensive there. Therefore, when several cunning miners connect to the village transformer, the voltage in the power grid drops and the evil Russian people go to beat the face of the local power engineer. And then the whole village is looking for miners I'm no power engineer but i think 330 KW and 60-100 houses, math does not check out, that's 5.5 kw per house(at 60 houses), too low even before you put the 20% allowance (4.4kw), an electric kettle is already going for 2kw. The wiring too has a problem after going out of 330kw transformer that wire has to be very thick and then spliced to smaller wires before reaching houses. I believe the logical distribution transformer is 25-75kva, 330kw must be before the distribution transformers. 190v is where things starts to get fucked up, i can imagine those angry ignorant villagers on the riot LOL. I am not a power engineer and wrote approximate data. Even in the village where I have a house, the price of houses is from 3,000 to 200,000 dollars. For 3000 dollars a ruined house, for 7-8 thousand it is a good house for mining farms, in which you need to invest another 2 thousand dollars. In areas where rich people live, houses cost from 100,000 dollars, there are modern transformers, according to the project, 15-30 kilowatts of power is allocated for each house. There is security, excellent roads. The miner needs a house that is not connected to gas in order to get the maximum discount on electricity, because the heating is electric. Do not think that Russia has problems with electricity or infrastructure. It is not profitable for me to buy a house more than $10,000. |
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о том и речь. со включением-выключением лишние сложности будут. вопрос в том, стоит ли овчинка выделки.
возьмем тот же алео(там вроде пересчитали тарифы вчера-сегодня и по вайтлисту будут по-новой набирать, если это там, где я думаю):
у тебя есть 2 помещения(нежилых), в которых надо держать температуру около 20 градусов и есть 10 ферм 2070. 30 баксов в сутки и 8квт бесплатного тепла. если с руками и головой всё ок - вполне рабочий вариант.
как обычно - всё по ситуации. надо ли тебе греть жилое/нежилое помещение, площадь, утепление, проводка выдержит или нет. может в комнатах просто чуть подогреть надо - по ферме с кулерами на 30% по комнатам раскидал и норм.
Блогеры профит спалили и арендаторы цены снизили. как светодиоды могли мешать не понимаю - выковыри их и все казалось бы
Зачем товарный вид видеокарт и кулеров портить? За эти светодиоды их и любят некоторые. Потом привык уже как-то, что в комнате подсветка была как от ёлки новогодней. Светодиоды можно замазать маркером или стираемой краской аккуратно. |
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Electricity is expensive in Germany now and a hashrate of 4.48% is a lot.
That is taken from Cambridge's study: https://ccaf.io/cbeci/mining_mapand they have a note added for Germany and Ireland * To our knowledge, there is little evidence of large mining operations in Germany or Ireland that would justify these figures. Their share is likely significantly inflated due to redirected IP addresses via the use of VPN or proxy services. It's highly probable that they don't have even 0.4% combined, Spain which has no need for VPNs and has cheaper electricity is quoted at 0.02%, so a 0.0something is more likely.I would expect the loss of 3 exahash for Russia in the last months to be also influenced by this as lately when I'm letting my VPN randomly select IPs I instantly know when it has switched to a Russian one as it's one website blocked after another. Bitcointalk has been working in Russia through VPN for a long time, but I don't have much difficulty with blocking. Some pools blocked Russian IPs, but they didn't stop working with Russian miners. In Siberia, very large investments are spent on mining, because there is a lot of cheap electricity. I think that at the end of the year mining statistics will change a lot in favor of Russia. |
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I've taken into account what you recommended. I'm not interested in investing in GPU's for mining. I decided to look for a few L3+ ASICs to cover the 3000W I have to spare, sound is not a problem as they'll be installed in a technical room where it is also cooler to help with the dissipated heat. Now I'll just have to find some affordable prices to buy them, and decide on which pool to connect.
By the way, how is this acutally working ? The ASICs are mining on SCRYPT and mine LTC and DOGE simultaneously ? And how are the rewards distributed usually ? In the wallet on a daily basis or is there another mechanism ? I ask because I intend on selling DOGE as often as I can, and holding LTC a bit more.
P.S. Thank you for the answers
About Merged Mining see this site https://support.viabtc.com/hc/en-us/articles/900001530543-What-is-Merged-Mining-Note:
1. LTC miners can earn DOGE rewards by selecting both PPS+ and PPLNS. There is no set distribution ratio for DOGE, and the settlement method for DOGE is PPLNS, meaning that rewards for mining in the LTC pool will be distributed to miners proportionally based on their real hashrate.
2. The halving of LTC will not affect the distribution of DOGE |
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There are regions in Russia with a price of 0.01-0.02 USD/EUR/kW, such as the Irkutsk region. In large-scale production, electricity prices are cheaper due to large consumption. Prices for citizens are regulated by the regulations of the energy commission in each region. And the price does not depend on the consumption of 100 kilowatts or 15,000 kilowatts. The problem of many villages in Russia is that there are very old transformers and if the miners turn on their mining farm, then the voltage in the electrical network drops. Residents are complaining, power engineers are starting to look for miners. But in these cases, have the authorities shut down the miners? Are there fines or worse things going on? What is the possibility that a benefactor miner wants to improve the locality's network? It's possible? In regions with cheap electricity, villages are usually built to rent out to miners. If the power engineers come with the police, they can confiscate the equipment. Then, through the court, the power engineers can force the miner to pay at the commercial rate. If you are talking about replacing transformers and electrical wires in the whole village, then it is very expensive. This will require coordination with energy organizations, fire departments, and will take a lot of time, but you will still have certain consumption limits. It is not profitable. LOL, residents complaining is the source of the problem. it is the voltage drop where lights flicker and dims and motors run weird since the ideal running voltage is too low. miners should redistribute miners according to distribution transformers, if voltage start to drop to 200-205v in transformer A for homes number 1-10 then proceed to transformer B for homes 11-20 for expansion, or let the power company install a transformer if you can but that will probably get their attention to the mining operation. In the Russian village there is no Transformer A, Transformer B, and Transformer C. I am not a power engineer, but about 60-100 houses are connected to 1 transformer of 330 kilowatts. In Russia, electricity is sold by one company, while another company (2) maintains transformers and wire lines. The company that sells electricity pays money to the company (2) for the service. For company 2, the installation of modern transformers is a loss. The cities have more modern energy systems, but electricity is more expensive there. Therefore, when several cunning miners connect to the village transformer, the voltage in the power grid drops and the evil Russian people go to beat the face of the local power engineer. And then the whole village is looking for miners |
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The developers of this coin are stuck in a time when Bitcoin forks were popular. With this premine and statements like "an up and coming Bitcoin fork" it looks like another shitcoin that will die quickly. Ethereum forks died within a few months.
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I see that the mining of these two coins is unprofitable on 1000, 2000 and some video cards of the 3000 series. Mining is possible only on free or very cheap electricity. I don't think that miners will use modern expensive graphics cards to mine these coins.
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How about rtx 4090 mobile is arround the corner, chinese will make dedicated gpu for that things only 150w tdp perform like 3090 in gaming performance. Always mobile gpu lead better efficiency, the price seems to be cheaper than desktop gpus but no warranties  , im looking at this There are five models in the line of Nvidia Ada Lovelace mobile accelerators - GeForce RTX 4090, 4080, 4070, 4060 and 4050 https://www.ixbt.com/news/2023/01/03/9728-cuda-2-0-16-gddr6-geforce-rtx-4090-mobile-4-gpu.htmlI think that the first laptops will be very expensive. When the Chinese can install a mobile processor in a desktop video card, then this will be an interesting option for mining. But this is a loss of warranty. |
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In any case, as for the Aleo token, the CPU requirements are very high during its extraction, and with such a load, for example, Aleo mining is repulsive for me, but this release significantly reduces the load on the CPU and it looks more attractive.
I saw posts of miners who use 2x core processor. The problem is already solved. More info https://t.me/koliamainer/8571but the developers of this miner prefer to mine coins on their own or rent other people's video cards to get more coins. I think that after the launch of the mainnet, there will be miners who do not need a powerful processor. |
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In reality, not everything is so good. Many miners have problems with this coin, because the miners are unstable and it is better to mine on Windows for now. I can only buy 8 core processors for my motherboards, but I'm not in a hurry yet
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Anyone know the aprox date we get to access our 32 ETH collateral for validator node?
Ethereum Shanghai Hard Fork Slated For March As Beiko stated, the Ethereum core devs have decided to prioritize enabling stake withdrawals over implementing the so-called “Surge” upgrade with EIP-4884. The proposal will enable the withdrawal of staked ETH for the first time.
So while EIP-4844 will not be included, three more technical EIPs that are of interest primarily to developers are already sure to be bundled into the Shanghai upgrade.https://www.binance.com/en/news/top/7317714 |
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Flux (FLUX) – FluxOS V3.30.0 release Flux project developers announced that FluxOS V3.30.0 update will take place on January 2 on unit number 1288000. All owners of node validators need to update their software by January 3. The update will fix synchronization issues. As well as reconfigured prices for decentralized applications. And changes have been made to prepare for a future update. https://crypto-upvotes.com/cryptocurrency-world-and-main-expected-events-of-january/ |
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v2.3.1https://github.com/damomine/aleominer/releases✔️ GPU performance improvements: Mid and high end cards increase by 20%+ and low end cards increase by 15%+.
✔️ Reduce CPU requirements: The algorithm has been reverse engineered and the CPU usage is only 30-40% of the original.
Ps: Latest version 2.3.1 has high video memory usage. In some system environments, there may be 10G video memory cards that cannot work (video memory explosion). You can use version 2.3.0 to reduce video memory footprint.https://t.me/koliamainer/8565
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