10 Bitcoin Mining Predictions for 2023Here’s a list of Bitcoin Mining Predictions for 2023: The bitcoin bear market will come to an end Bitcoin’s hashrate growth will slow down The number of public miners will decline Hosting prices will fall Cost minimization will be essential in 2023 ASICs will become dirt cheap Miners will struggle with achieving sufficient up-time Regulators will keep targeting bitcoin mining Miners will work on strengthening their balance sheets Miners will increasingly utilize Bitcoin mining derivatives https://hashrateindex.com/blog/10-bitcoin-mining-predictions-for-2023/
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Heatbit Is the First Space Heater That Mines Bitcoin, Founder Says The newfangled device looks like a high-end space heater but uses integrated circuitry to process bitcoin transactions. That heat, according to the official Heatbit site, is enough to warm 500 square feet of space. The kicker is, if you run the heater 24 hours a day at a bitcoin price of $20,000, the device will put $30 back into your pocket every month to help cover your electricity bill. Given the jump in energy costs last year, that capability may offer consumers some incentive. https://www.coindesk.com/business/2023/01/03/heatbit-space-heater-will-also-mine-bitcoin/Since some will ask: still not sure if we broke even, net of electricity costs, on the box. But ended up w/ about $2K+ worth of crypto for a $700 box. https://twitter.com/adamnash/status/1569486065026879489? |
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I think rx470-480-570-580 and the king rx5700 are still actual.i call them monsters of mining.intel needs also couple of monsters like that. I would love to see.
These video cards are only relevant if you have free electricity and are going to mine Ethereum forks. At flea markets, these video cards are now massively sold. But these video cards have a very fast payback on free electricity due to the low price. My electricity is so cheap they profitable for me.im lookin 50-60 bucks for rx470 and 100bucks for rx5700 i will buy Are you having problems with a purchase? There are a lot of rx470 video cards on aliexpress at such prices. But in my country, even in local markets, these video cards are cheaper than in China, because for many miners it is unprofitable. Yes i have problem to purchase it long story explain why i cant buy. I can buy only with cash like old good days pay cash get hardware.here rx 470 are still at 120-160bucks i think it is bit expensive for 6 years old card. What country do you live in? You are right that buying these video cards for 120-160 dollars will be unprofitable even with free electricity, because these video cards can break down. Do you also have new video cards 3 times more expensive than the market price? Yes they are expensive too 3060ti 350-500bucks. Pm me i will answer for next question. Rx470 and rx5700 are still good enough, i love them In my country, these used RTX 3060ti graphics cards sell for $400 or more. For $350 only bulk purchase is possible. Why such a disbalance in prices for video cards in your country? If you don't have the opportunity to buy Rx470 on aliexpress or ebay, then choose other video cards. |
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I see there are indications of fraud from a big bitcoin mining pool company, which redirects our power hashrate miners to other mining pools.
what do you think?
at this time I'm not willing to mention it,
but someday I have to mention it here because this is outrageous and fraudulent behavior
I see no evidence for what you're saying. If this is not a hack, then perhaps the hashrate is sent for mining other more profitable coins on the same algorithm. If the hashrate behind your mining equipment does not match the hashrate on the mining pool, then you need to check your equipment. Large well-known pools do not engage in such fraud. |
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We are happy to announce the institution of a new community Dogecoin Core development fund, managed by existing core developers and Dogecoin Foundation board director signatories, along with transparency blog posts forthcoming for all expenditures and developments. The Dogecoin Foundation has taken the step of moving 5,000,000 Dogecoin to the development fund, with the intent that this will be allocated to Dogecoin Core, the development of which is critical and to the benefit of the Dogecoin ecosystem. https://foundation.dogecoin.com/announcements/2022-12-31-corefund/ |
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Electricity is expensive in Germany now and a hashrate of 4.48% is a lot. There are a lot of miners in America and they will probably be expelled from the country. In Kazakhstan, a mining license is already required. There is a lot of unregistered mining in Russia, but next year there may be laws. It is better to choose a country where mining is not very developed and the government will not care about you  |
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I have a friend that selling his GPU that use on mining for a year. He is selling his GPU for only 30% of the original price. I'm planning to use to upgrade the GPU of ny desktop that I used for gaming and watching on Netflix.
I'm just concerned that GPU work under mining stress is very prone to early break. Any feedback from second buyer or miner that convert there mining gpu to typical gaming gpu?
In January 2022, video cards were very expensive and the actual prices in stores were 100-200% more expensive than MSRP. It’s hard to overheat a video card in 1 year, but if you don’t know how to check a video card after mining, then it’s better to buy a video card with a guarantee a little more expensive. Look at other offers on the market and the prices of new video cards, or better write which video card you buy and its price. |
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I am preparing for 2024 or 2025 the latest,so any coin I can grab during this deep crypto winter I am happy to increase the stock of it.As I said I am believing a lot in these 2 self proclaimed ETH substitutes and if all goes well by that time if I hopefully am still alive will be a rich person finally,been years in trying and always failing with my only result in February 2021 when I first time won a lot of money from crypto as I told in other threads here. If also Raptoreum increases in price then it is another mostly welcome coin which will add to my fortune  .For Aleo I have seen something but am not convinced yet. Last time, the price of Ethereum increased by more than 44 times. What price increase do you expect from EthereumPoW and EthereumFair? With a hashrate of 100 Mhsh, it is impossible to mine a lot of coins and become rich. If you look at the history of Ethereum Classic, this coin did not show a big increase in price, and I did not have time to sell for more than $100. |
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I believe New gpus wont be optimal for mining, they adding new layer of block focused in gaming related performance, and raw performance isnt far jumping from predecessor, ray tracing taking lot of performance and they figure out with running low internal resolution and stretch it with ai, as we know, now days many games run under native internal resolution, and nobody complains about it.
Nvidia is in a similar situation. Their video cards also have ray tracing processors that do not work in mining, but green video cards work fine in mining. Optimization of miners for AMD video cards requires more time, from 3 to 6 months. |
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I think rx470-480-570-580 and the king rx5700 are still actual.i call them monsters of mining.intel needs also couple of monsters like that. I would love to see.
These video cards are only relevant if you have free electricity and are going to mine Ethereum forks. At flea markets, these video cards are now massively sold. But these video cards have a very fast payback on free electricity due to the low price. My electricity is so cheap they profitable for me.im lookin 50-60 bucks for rx470 and 100bucks for rx5700 i will buy Are you having problems with a purchase? There are a lot of rx470 video cards on aliexpress at such prices. But in my country, even in local markets, these video cards are cheaper than in China, because for many miners it is unprofitable. Yes i have problem to purchase it long story explain why i cant buy. I can buy only with cash like old good days pay cash get hardware.here rx 470 are still at 120-160bucks i think it is bit expensive for 6 years old card. What country do you live in? You are right that buying these video cards for 120-160 dollars will be unprofitable even with free electricity, because these video cards can break down. Do you also have new video cards 3 times more expensive than the market price? |
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Another possible reason: Since late 2021, Bitcoin and other cryptocurrencies have lost over 80% of their value. The negative trend impacted the mining industry. Bitcoin miners have had to auction a large portion of their BTC supply to maintain their operations. Therefore, the report noted, “Microsoft might be worried that miners would not pay their cloud bills.” https://bitcoinist.com/microsoft-issued-ban-crypto-mining-online-services/ |
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My point is that a pool with a small hashrate can stop being profitable at any time, because a couple of large miners will leave. This needs to be monitored. There are no such problems with a large pool, the profit is the same. As a result, you spend less time.
Yeah I started to notice that in ETF single mining,we were like 50 miners or more and now we are 25-27 but the good thing is that the ETF+ZIL is full of miners right now,more than 700 miners which for a pool with such a low hash rate is a good ratio I think.I am monitoring it daily and I saw that as you said there are a lot of much better pools,if I see a drastic drop in profit I will change this pool to another one like Ezil for example which I have mined before,but for the moment everything is going smoothly so I am just checking everyday what happens and see what to do. Now the profit is so low that I'm too lazy to monitor the dashboard every day. Shitcoins are already very cheap, even though their mining is more expensive on many video cards. Maybe take a risk and invest for a few years? I am doing some kind of that,taking risk,I mine 1-2 weeks ETHW,1-2 weeks ETHF,then I see some other shitcoins and try for one or two days just to meet the minimum payout,I am just stocking up on these,but mostly ETHW and ETHF because both these claim that they are here to substitute ETH since it moved to PoS so who knows what happens.Right now is stupid to mine ETC which the difficulty is over 1.5 P while the ETHF has 30 T and ETHW about over 200 T,the price of ETC is stupidly low at 15 dollars and you make like 0.014 ETC daily with 100 Mhsh so is absolutely not worthy that is why I am sticking with these two ETHW and ETHF for now. What is the security of the EthereumFair(ETHF) coin with a hashrate of 2.18 Th/s? I do not believe that this coin will be used in the future. For more profit, it may be more profitable to mine other coins, and then change them to EthereumFair or EthereumPoW. I am just mining that until 15 January then switching to EthereumPoW and keep mining it,I think near 20 ETHF are enough for me if they hit the price target I am hoping they do.For ETHW I will keep mining as long as I will have the possibility to do so. I don't think mining other coins bring more profit as maybe they bring more profit in daily reward in dollars but right now these 2 ETHF and ETHW bring the best bang for your buck in crypto reward for the 100 Mhsh I am running the rig at just 240 watt in total so I don't think it is worth changing to anything else as I have tried other alternatives also. If history repeats itself, then mining could be unprofitable throughout 2023. I also mine EthereumPoW on 5600xt, but it is not profitable for me to do it on other video cards. According to rumors, Aleo coin may become a new trend in mining this year, but I'm still waiting for optimized miners for it. |
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Do you check the total consumption of the computer from the wall? I think my mining farm of 5 Rx 5600 consumes less electricity. You are doing very well, because you have one video card. When you build a mining farm of 5 such video cards, you will understand what mining on hot video cards is. Yeah that 71 degree Celsius doesn't look that well especially if it is on an open air rig with just one video card.The fans are low at 58% but I think such a powerful card like the 4090 should be built in a perfect quality so I would normally increase the fan speed to at least 70-75% or at least until the temperature goes to less than 67 degree Celsius. The profitability if it is only roughly 2600 Satoshi daily or 78000 monthly it is totally not worth mining at that energy power consumption which is near 0.5 Kw and it is 12 Kw daily,not worthy for me,even though I am a partisan of mining at a loss because it is usually in such time that money are made. I don't have an RTX4090 video card, but if you look at the experience of using the RTX3090, most of the video cards used low-quality thermal pads, and the miners had to change them after 6-12 months. For such video cards, open cases are not used due to overheating problems. |
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I think rx470-480-570-580 and the king rx5700 are still actual.i call them monsters of mining.intel needs also couple of monsters like that. I would love to see.
These video cards are only relevant if you have free electricity and are going to mine Ethereum forks. At flea markets, these video cards are now massively sold. But these video cards have a very fast payback on free electricity due to the low price. My electricity is so cheap they profitable for me.im lookin 50-60 bucks for rx470 and 100bucks for rx5700 i will buy Are you having problems with a purchase? There are a lot of rx470 video cards on aliexpress at such prices. But in my country, even in local markets, these video cards are cheaper than in China, because for many miners it is unprofitable. |
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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. |
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I've never seen anyone talk about this before so I think it's better to ask for a straight answer, can Asic miners do double mining? I know its possible on Graphic cards but is it possible to mine two different coins on an Asic miner? For example BTC + BCH or BCD.
What is Merged Mining? Workers who mine BTC, BCH and LTC can not only receive mining coins, but also ELA, NMC, SYS, EMC, and DOGE for FREE. BTC Mined BTC and get 2 NMC, 5 SYS, 0.1 EMC, 0.8 ELA for FREE. BCH Mined BCH and get 1 SYS for FREE. LTC Mined LTC and obtain DOGE proportionally. (Available in PPLNS mode) https://support.viabtc.com/hc/en-us/articles/900001530543-What-is-Merged-Mining- |
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The last time 2 days ago I planned to do Bitcoin mining, as a mining experiment, I did it with a personal computer, and it went well for 2 days, but at this time the weather was extreme, it was raining, the wind was big enough, so there were power outages and internet network, the electricity was on and off. continuously with an interval of 3 minutes, such as on-off-on again-and off again lasts approximately 2 hours.
what I'm asking is whether this will damage my CPU and my mining tools later? and what should I do to deal with this to continue my bitcoin mining?
If you have a good power supply with active PFC and overvoltage protection, then nothing threatens your equipment. I had a situation when the mining farm turned on, and after checking it turned off due to a short circuit, and I didn’t go looking for a problem for a long time. Mining farm is still working. But mining on a PC is now unprofitable. |
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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. Releases https://github.com/damomine/aleominer/releasesv2.2.41. The performance of the 30 series is increased by 10%+ and the performance of the 20 series is increased by 15%+ while the CPU requirement is further reduced. 2. Support auto switch proxy line function 3. Miner API support, easy to connect to cluster management and monitoring tools. Who has already tested? How are the changes? P.S. miners says about increasing the hashrate on the RTX 3080 from 2120 to 2390 H. https://t.me/koliamainer/8541
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