Mining is a nice get poor slow scheme. Having free electricity is the only way to make money from mining and there is no such thing as free electricity. Those who say they have access to “free” electricity are usually the thieves that use someone else’s electricity.
The competition is too damn hard on mining, having free electricity is the only way to survive. It is smart to avoid participating in a game like that.
I agree the competition is hard, but it's definitely not get poor slow scheme. If you could obtain low electricity rate and newer ASIC at reasonable price, it's still profitable. And there are some business about Bitcoin mining out there. Having reasonable electricity prices and cheap hardware won’t cut it. You will be competing with the “free” electricity users a.k.a. thieves. It is a loser’s game unless you are also a thief. People who play honest will never ever make their ROI back unless bitcoin goes super bull and then buying bitcoin makes more sense in the first place. Why risk your hard earned cash on smth where there is a big chance to lose money when you can buy btc and hold and almost certainly make money? Personally i don't think miner need to worry about that. Those thief also need to obtain either steal any ASIC or buy reasonable cheap ASIC. And as stated by other poster, someone will notice if the thief use lots of electricity. I will tell you the experience of mining in Russia. In order for you to have a cheap price for electricity, you must buy a contract for at least 1 Megawatt of consumption to get a price of 4-5 cents in the official data center. If you want to officially mine on several dozen ASICs, then you will have a price of 8-10 cents. I'm talking about "white" mining without problems with the law. “Gray” mining has a price of 2 cents when connected to household networks, but energy workers are actively fighting this. "Black" mining has a cost of electricity of 0, but with high risks and even a prison sentence. |
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Consider a more user-friendly interface so that the profit for all models is available on the first page for comparison. https://www.asicminervalue.com/And then make it possible to more accurately configure each ASIC, taking into account overclocking and consumption. This function is perfectly implemented and add the payback period in days and months |
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Thanks for sharing this insightful information about DDR6 and LPDDR6 memory advancements!
The leap in bandwidth for LPDDR6 is indeed impressive, with 10.667 Gbps per-pin translating to about 28.5 GB/sec from a single LPDDR6 IC. When you consider a typical desktop PC's dual-channel memory interface, the potential 228 GB/second of memory bandwidth is a significant boost compared to the 102.4 GB/second with DDR5-6400 memory. This essentially doubles the available system memory bandwidth, which is quite remarkable.
As for regular desktop DDR6, it's exciting to see the projected data rates ranging from 8.8 Gbps up to potentially 21 Gbps. With JEDEC's draft spec expected this year and finalization anticipated by Q2 of 2025, we're on the cusp of a new era in memory technology that could substantially enhance overall system performance.
Looking forward to seeing how these advancements will impact both consumer and enterprise computing in the near future!
I have always said that the main clients of video card stores are miners. If there is nothing to mine with a good profit and the payback is approaching 2 years, then prices in stores are much lower than recommended. Most gechmers are played on old video cards, which is confirmed by the report from Steam. |
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GeForce RTX 5090 rumored memory specs 14x 8Gbit (2GB) GDDR7 modules 28GB total capacity 28 Gbps speed 1568 GB/s maximum memory bandwidth The 28GB specs on the new flagship may not look as impressive as 32GB. However, this means that NVIDIA will still have room for potential “Ti/SUPER” upgrades in the future. In fact, the 512-bit memory may not be used by gaming GPUs but instead offered for ProViz RTX (formerly Quadro) series, which can utilize a lot more memory capacity. The last time NVIDIA used a 448-bit memory bus was during the GTX 200 series era. Models like GTX 260 or GTX 275 featured 896 MB of memory. The 512-bit bus was used by GTX 280. The following launches were equipped with up to 384-bit bus (GTX 400 and newer). https://videocardz.com/newz/nvidia-rtx-5090-new-rumored-specs-28gb-gddr7-and-448-bit-bus |
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FluxEdge находится в закрытой ALPHA с 29 марта, подвергаясь тщательному тестированию и улучшениям. Сегодня мы рады официально объявить дату релиза - 26 июня 2024 года!
Что это значит и чего вы можете ожидать?
Вас ожидает множество функций, включая предварительно выбранные приложения быстрого запуска, похожие на магазин на рынке. Кроме того, у вас появится настраиваемая возможность развертывания собственных приложений.
Чтобы развернуть проекты и арендовать машины, клиентам FluxEdge необходимо внести средства на свой счет. Для этого можно использовать криптовалюту FLUX, а также варианты FIAT с помощью PayPal или кредитных карт.
Развернутые приложения будут иметь доступ к информации Log и функциональности Shell внутри контейнера, что позволит клиентам получать всю необходимую информацию и точно настраивать свои установки.
До официального релиза мы представим новый сервисный модуль FluxCore, чтобы провайдеры могли с ним ознакомиться. Этот модуль позволяет провайдерам присоединяться к кластерам и предоставлять свои машины в аренду.
Мы стремимся обеспечить отличный опыт работы с FluxEdge на ранних стадиях и продвигать новые функции по мере продвижения к релизу BETA. Мы с нетерпением ждем ваших отзывов и предложений, как и в случае с FluxCore.https://t.me/journalmainera/3475 |
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All Canxium #CAU source code, including offline_mining, will be reviewed by Certik https://skynet.certik.com/projects/canxium#https://t.me/journalmainera/3473Canxium is a blockchain platform with a unique demand-driven economic model that adjusts the total coin supply based on market demand, creating a dynamic and responsive system. Unlike traditional blockchains, Canxium does not have fixed supply or predetermined inflation/deflation mechanisms, allowing market forces to determine the coin's availability and value |
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Background: Why distributed Al training matters
The emergence of ChatGPT has brought about the rapid development of the AI industry in the past year, with the exponential growth of large models and their parameters (GPT3 has 175B parameters, and GPT4 has reached 1.5 Trillion, and it takes $100 million to train once), while the capacity bottleneck of high-end graphics cards for AI computing is extremely high (the price of a single H100 card is nearly $40,000), resulting in a sharp increase in the time and money cost of large model training.
But on the other hand, a large amount of scattered AI computing power is idle. The vast majority of PC graphics cards are idle most of the time. Moreover, due to the transformation of Ethereum from POW to POS, a large number of GPU computing resources are released and idle too. From the point of view of economy and efficient use of resources, it is desirable to revitalize these idle GPUs.https://dekube.gitbook.io/docshttps://dekube.ai/producthttps://dekube.ai/Testnet! https://dekube.ai/earn |
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Hehe, I figured that as soon as I made that post Bitmain would make the official announcement. Nice.
I can't find on their website where the price guessing game is. Supposedly that started already.
If we talk about retail buyers, prices will start from 15,000 dollars, without discounts and coupons, in my opinion. But large mining companies will probably buy these ASICs for less than $9,000. This is the problem with home mining, if you need to buy 1-2 ASICs. |
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Mining is a nice get poor slow scheme. Having free electricity is the only way to make money from mining and there is no such thing as free electricity. Those who say they have access to “free” electricity are usually the thieves that use someone else’s electricity.
The competition is too damn hard on mining, having free electricity is the only way to survive. It is smart to avoid participating in a game like that.
I agree the competition is hard, but it's definitely not get poor slow scheme. If you could obtain low electricity rate and newer ASIC at reasonable price, it's still profitable. And there are some business about Bitcoin mining out there. Having reasonable electricity prices and cheap hardware won’t cut it. You will be competing with the “free” electricity users a.k.a. thieves. It is a loser’s game unless you are also a thief. People who play honest will never ever make their ROI back unless bitcoin goes super bull and then buying bitcoin makes more sense in the first place. Why risk your hard earned cash on smth where there is a big chance to lose money when you can buy btc and hold and almost certainly make money? With reasonable electricity and equipment prices you can get coins at half the price, which is why mining companies don't buy coins. Now mining is profitable, so the hash rate is constantly growing. |
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Forum Rank: Legendary
Bech32 address: bc1qyn0mdf3tkrcaueepmqjcdtc3p3hjdlv9g280ac
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I just don't see any mobile mining actually working long term. You got phone emulators and one can easily emulate hundreds of phones on a single AWS instance. And there is no way to know for sure whether its a legit user or not. This was tried many times in the past and never really caught traction.
Phones are also horrible for constant CPU use, just like a laptop. Its not a good idea long term mining 100% because you will stress the battery and with the constant heat the battery can swell and explode. Most phones require a battery to opperate unlike a laptop where you can remove the battery and mine directly with AC power.
Yea I was thinking the same thing...  Colleagues, you definitely didn’t repair phones. If you leave the phone on charge for a day, it will not explode or overheat, because the phone, laptop and other devices have a device charge controller that stops supplying power when the battery is charged. A constantly connected charger puts additional load on the charge controller. But you have a one-year warranty on your phone, and perhaps you can still buy insurance for 1 year inexpensively. This is a great mining because the warranty service will most likely recognize the phone as defective, and you will get your money back or a new phone. Thats a good point, although you can not be 100% sure, that they won't recognize the phone was used for mining these days... I'm sure it's going to be very difficult to find out. If a customer brings in many phones with the same fault, it will raise suspicions. The charge controller failure is a very common problem, it can be repaired quickly and the controller is cheap. |
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For lightcoin, asics are not appearing so fast the price of lightcoin is low now, so I am sure that investing in this asic will pay off if there is inexpensive electricity. But I want to see reports on the reliability of the new asic.
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Well, May just ended and no mention of the L9 on Bitmain's website.
BITMAIN Launches ANTMINER L9 The ANTMINER L9 has a hashrate of 16G with an energy efficiency of 210J/G. It will be launched for sale on shop.bitmain.com starting in June. Participants are welcome to engage in the L9 price prediction event on the BITMAIN official website for a chance to win a $2000 coupon.  https://www.bitmain.com/news-detail/bitmain-launches-antminer-l9-345 |
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Чем промышленные майнеры отличаются от бытовых. Разница в России и в США В России и США метрики измерения объема рынка добычи криптовалют отличаются. В России главной метрикой у майнинговых компаний служат мегаватты, то есть мощность, выделенная для размещения оборудования. Для американских компаний можно более корректно оценить их долю в мировом хешрейте биткоина, измеряемую в количестве хешей в секунду. Это непосредственно вычислительная мощность оборудования, используемого для добычи криптовалюты. Это связано с тем, что из-за отсутствия законодательства, регулирующего рынок майнинга, российские промышленные майнеры работают по так называемой хостинговой модели и сами не занимаются майнингом напрямую. Они размещают и обслуживают клиентское оборудование в дата-центрах. Согласно оценкам Ассоциации промышленного майнинга, рынок промышленного майнинга в России может оцениваться в 1,5 ГВт, а общие мощности, включающие серый и черный майнинг, превышают 2 ГВт. Подробнее на РБК: https://www.rbc.ru/crypto/news/66583b599a7947b5012d041d? |
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If you are doing this it is better to stop, or you might end up in the prison and you will lose a lot of money, your Asics will be destroyed or seized not never exist again, it is not a must to start mining Bitcoin and if you want to do it, please do it the right way.
Abstain from illegal mining operations.
Illegal mining activity have been taken place in many parts of the world and it is something all the people that are into it should desist from. If you can’t follow due process to own a mining plant and do all that’s necessary of you to own one, it is better you don’t try to do hide and do it. Mostly, in the end, it will cause you more losses, put you in danger and also make you face the wrath of the government, most especially in a country that its illegal to mine bitcoin and own ASICS machine. If your friend in Ghana cannot make this happen the right way and knows that the government might be against it, he should just buy some bitcoins and save the money he’d use to get those expensive mining equipment. If you connect to household networks, then most likely your neighbors will either call the police or burn down your mining farm themselves, because it will cause a lot of problems with overloading transformers. It is very difficult to hide such a large electricity consumption. |
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I can write to you about Russia very easily. Energy workers have already learned to quickly find illegal miners. Equipment using free electricity will pay for itself in 6-8 months, but energy workers will find a mining farm earlier, in 3-4 months. This is minus 50% of the deposit. If the police catch the miner, then it's bankruptcy.
Thank you for sharing your knowledge. Indeed it is outright dangerous to mine in countries like that, the risk is not worth taking. But since everyone wants to jump into the bitcoin bandwagon the better and safer method is to buy bitcoin at the lower end of the cycle and hold that for the long term. It is not that buying and running ASICs is a chore on its own, but it has become this dangerous because of less availability of cheap electricity. This is not a difficult job, but now mining has already become a production with high energy consumption. Home mining has its limitations, usually 1-4 ASICs and you still need to deal with noise. Therefore, it is difficult to mine Bitcoin at home, but you can mine other coins on video cards and processors and exchange them for Bitcoins, or simply use NiceHash. |
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Hello Everyone
Im hoping someone can school me, because im having a hard time wrapping my brain around something.
From what I understand, mining is just guessing nonces. Hit the right one to pad a bunch of 0's and you win.
When looking at blockchain explorer, im noticing that the highest nonce on average is about 4 billion (4,xxx,xxx,xxx)
My understanding of that (and this may be where the gap is) is if you started at 0 and ended up with a valid nonce of 4,232,211,322, you would have had to compute ~ 4 billion hashes to get there (assuming you went sequentially)
4 billion hashes is the equivalent of 4 GH.
Achieving 4 GH/s nowadays isnt trivial.
The question, why cant miners mine the block in 1 second?
If a valid nonce is on average below 4,000,000,000, why cant a simple 4 GH/s miner do it 1 second?
I must be missing something simple and probably stupid...
TIA!
The difficulty changes every 2016 blocks, and according to the algorithm, that many blocks must be mined in 2 weeks. Theoretically, each block should be mined once every 10 minutes, but in practice it can be mined by miners in 1 minute or 40 minutes. With this difficulty, the current equipment cannot mine blocks every second, but if this happens, then after 2016 seconds the difficulty will increase by 4 times, then the same thing will happen every 2016 blocks until the block mining time decreases to an average of 10 minutes. |
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I'm interested in talking about profit. On your website I can buy this ASIC with a power supply for $2670. Current profit is $5.66 per day at a price of 5 cents for electricity. If the network hashrate does not grow and the coin price does not fall, then the payback period is 472 days. That's a lot.
Yeah and that ROI calculation is based on variables you know to be true at this moment. My limit for an ASIC on the super high end is somewhere around $1600 to $1800 (not including shipping/tax). On average I wouldn't spend more than $800 on these machines no matter how profitable anyone thinks they could be. Too many external variables that can't be controlled. The more people buy the more the difficulty rises. More people mining also means less rewards per person per block in pooled mining. To make matters worse, these manufactures are boosting the prices as the BTC price rises. The Kaspa ASIC prices are simply absurd. A reasonable price for this specific Kaspa ASIC should be around $400. Anyway, don't blame the resellers  , that 2.5k+ price tag is from Goldshell themselves. Blame the suckers who shell out $32k. I have no complaints against ASIC sellers. I understand that Goldshell makes home and industrial ASICs, but industrial ASICs win in all respects: profit, payback, cost of 1 gigahash, and so on. Therefore, home ASICs are not very attractive for investment. |
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Yeah but illegal mining operations are not new and every few weeks we see a new thread here demonstrating the mishaps that have happened in different mining centers, illegal of course. I remember a thread on Russian miners which caught fire but luckily no one got hurt. In the similar manner, if someone gets caught, then legal action would be taken.
It is better to be safer than sorry in this case. You should not steal from the grid, you will be punished. Your friend if still not caught should stop doing this and sell their ASICs.
I can write to you about Russia very easily. Energy workers have already learned to quickly find illegal miners. Equipment using free electricity will pay for itself in 6-8 months, but energy workers will find a mining farm earlier, in 3-4 months. This is minus 50% of the deposit. If the police catch the miner, then it's bankruptcy. |
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