all ASIC units for mining Bitcoin I think they only use BFGminer and nothing else. Um, virtually all use -ck's/Kano's cgminer as their embedded miner control software along with their own specific chip driver to communicate with it (and in violation of the open source GPL lic refuse to publish their source code)-- not Luke Jr's ripoff of it... The only exceptions are those using Bitfury chips (Bitfury has their own miner code) or folks that switched out the OEM cgminer code to use Braiins.
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I'm looking for tried-and-tested methods of financing these operations. The same way you would finance any high-risk venture: Figure out all operation costs involved - this will mainly be your electric power used. Use https://whattomine.com/asic and input your hash rate and cost of power, it will output the current profit or loss. ONLY if you can mine at a profit should you continue investigating... No matter what, there are NO guarantees in this business. If you are a registered business in the USA one huge perk is that you can take the cost of equipment as a tax deduction.From the section179 site: News Alert: The 2023 Section 179 Deduction Limit for Businesses is $1,160,000 Jan 2, 2023 – The Section 179 deduction for 2023 is $1,160,000 (this is up from $1,080,000 in 2022). This is a full $80,000 increase from last year. This means U.S. companies can deduct the full purchase price of ALL qualified equipment purchases, up to the limit of $1,160,000. In addition, the “total equipment purchase” limit has been raised to $2,890,000 (up from $2.7 million in 2022). The deduction can include both new and used qualified equipment
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Bitcoin Mining Sites available now?
The 2 best that come to mind are: kano.is Registration required, many nodes around the planet, lowest fee solo.ckpool.org only need a wallet address for payout, only 1 node so ping times could be an issue
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Why would would ANYONE even think of trying your pool when you folks are not even intelligent enough to post in the correct area of a forum? Ya know - the area that deals with POOLS? If you're lucky the mods will move this for you... edit: Hmm, looks they did
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... 4) Does the info on the PSU label ( specifically OUTPUT 1: 14.5-21V 170A ) mean that this PSU is NOT a 12v DC PSU and that I will not be able to use if for other miners (in case the hashboards are toast)?
Correct. The integrated PSU on modern miners is directly regulating the voltage fed to the ASIC strings vs the original way of feeding in 12vdc and then each board further reducing that to what the strings use which was around 7 to 9.x vdc. By eliminating the 2nd stage regulators that 1 change increased overall power efficiency by around 10%. It also means that the control board talks to the the PSU to tell it what voltage to supply to the hash boards. These days that can range from ~14v up to 21v depending on the miner, what your settings are, and what the miners auto-tuning process comes up with.
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Is there any hope to build an open source natural language AI model on this forum. Openai's artificial intelligence technology deviated from his original intention. Now it is closed source. Can anyone give a practical solution.
Why here? AI Has nothing to do with mining of any sort... Personally I'd at least pick a tech forum that has a more general audience vs one that is focused on mining.
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Is 110TH enough to gamble with Bitcoin solo mining? If you can solve a Bitcoin block in 4-7 years do you think it's worth the hassle? What can 110TB do to make this possible? I have free electricity I just want to embark on this try-your-luck journey, do you think it's worth it? ...
As long as you are not directly paying for the electricity, of course it's worth it. The only real question is will the 'free electricity' continue after whoever IS paying for it sees how much power you are using 24x7x365?
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Kickbacks are not referrals. Kickbacks are private 'under-the-table' payments. A prime example was one of the eastern-European hosting farms that unknown to the actual owners of the hardware, flashed all Bitmain miners to be hosted with them to use 1 of the DevFee 3rd-party firmware's out there.
Yes, how the DevFee is set and how much it is is up to the folks that modified the firmware and yes they do 'volume discount' deals with farms using their wares. They are of course privately negotiated deals but it is still just normal business practice. Problem with the above is that the hosting site made no mention of it to their customers. Folks only found out after the hosting company closed and folks that elected to have their hardware sent back to them or sent elsewhere discovered the miners had been flashed to non-oem firmware.
Referrals are fully public promotional marketing. Along with the volume discounts for hosting sites there can also be direct payment of a percentages of the DevFees collected back to hosting sites. Again, fine - as long as the folks who own the hardware are told about the 3rd party FW option and can say yes or no to it. Being paid for flashing en masse miners sent to a company w/o knowledge or consent of their owners - that is illegal kickback.
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I still say that it is those storage units/warehouses full of unused miners that some of the mega farms were reported to be sitting on a couple months ago are either finally now being installed and brought online or were sold other business entities (other farms) to cover expenses/just move money around and are now coming online...
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So I'd think that the hate zone towards him would be very high now. I've had him on 'ignore' ever since he opined in his local-node solo mining thread that I'm some sort of "venom-spitting demon with my never helpful and often 'hateful' replies to folks".... Ja right. One scan through my post histories blows that right back up his backside where it came from... edit: btw that ^^ is the most 'hateful' I've ever posted... oh, and to be clear its *not* Sledge0001 we're talking about though the person has of course piped in there on Sledge's separate thread on the subject of mining to your own node.
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Kano, How come we can no longer see all the Pool Workers on the website?
Because a while ago a certain asshole started a vendetta against Kano when he did not get answers that fit with their view of how things work or more to the point, how they want things to work, decided to post the entire list of users here. While not directly a security issue it *did* give potential hackers a nice list to try using for attacks.
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Seanb Does anyone a mining app called Bitcoin Miner just want to know if they pay out after the 90 days?? Thanks In addition to what others have said about virtually ALL 'Bitcoin mining apps' being scams I suggest you read https://bitcointalk.org/index.php?topic=2415854.0 point-3 for the reason 'apps' cannot be used.
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2mw x .8 = 1.6 megawatts
Why did you multiple 2MW with 0.8? Does 0.8x used to consider PSU efficiency? No. 80% of rating is the typical load de-rating used to ensure adequate reserve/safety margin and it should be applied to all electrical sources for gear that is ran 24x7. That includes not only transformers but also distribution panels, wiring and fuses/circuit breakers.
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I wonder how much could fire up if we shot to 50k Well, remember that only a few months ago there were 1000's of brand-new, still-in-their box miners sitting in storage because several mega-farms couldn't afford to use them. Bet they are being installed we type...
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As a first timer who will engage in crypto mining, in my research and knowledge but I'm not sure if this method is effective for a starter like me.
Intend to buy the following, <crapcoin hardware> What do you think about this I am planning with, is it good or can you suggest me other things? Everything you listed is for mining altcoins aka crapcoins- NOT BTC which is all but impossible to mine using anything but an ASIC-based miner. As such, discussion of that gear has no place in this BTC-only area of the Forum. If you want to discuss altcoin hardware then use the area here that is dedicated to it.
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It won't matter anymore when the next Bitcoin halving is here, that 6BTC per block will be reduced and a 110TH will have only 1% chance of solving a block compare to when it was 2%, the difficulty will rise more and the block will bring only 3BTC. There are many people doing solo and they don't have any luck while someone with less TH will solve a block in few months, It's a game of lucky.
Er? Regarding the highlighted part, try moving the decimal point many many times to the left.... for any single piece of hardware regardless of its speed we're looking at ballpark of 0.00000000000000000001% chance (not a real calculation but you get the point...)
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If it is possible to have 2 psu on a different outlets (110v) to 1 antminer s9 so it divide de consumption?Huh?
Yes but... You must NEVER have the 2 PSU's feeding the same hash board. Connecting multiple PSU's in parallel will result in them fighting each other and eventually things go poof rather quickly. Use 1 PSU to power the controller and 1 or 2 hash boards (turn this one on 1st) and the 2nd PSU to power the remaining boards.
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Hello I am new in antminer and electricity. I have a nema 5-20 outlet supposed to be 240 volts. What adapter do I need to connect with my antminer s9. Adapter, cables etc.....
Appreciate all your help. Thank you NEMA 5's are for 125VAC - NOT 240v. 240VAC connectors are NEMA 6-x so you had better make sure what the voltage is. The connectors look similar but the horizontal and vertical blades are on different sides so they cannot be accidentally plugged into the wrong mating half.
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However, the above pool is an altcoin pool, so I'd suggest people avoid it, as is normal for people in this part of the forum.
The shameless self advertising for that work-in-progress algo switching pool was deleted by the mods.
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It depends. If the miner is part of a registered small business in the USA then equipment costs eg miners, is a tax deduction so in a sense RIO is immediate... https://www.section179.org/News Alert: The 2023 Section 179 Deduction Limit for Businesses is $1,160,000 Jan 2, 2023 – The Section 179 deduction for 2023 is $1,160,000 (this is up from $1,080,000 in 2022). This is a full $80,000 increase from last year. This means U.S. companies can deduct the full purchase price of ALL qualified equipment purchases, up to the limit of $1,160,000. In addition, the “total equipment purchase” limit has been raised to $2,890,000 (up from $2.7 million in 2022). The deduction can include both new and used qualified equipment. In addition, businesses can take advantage of 80% bonus depreciation on both new and used equipment for the entirety of 2023. Remember to keep supply chain issues and delivery times in mind when making your Section 179 purchases for 2023, as equipment must be purchased and put into service by midnight 12/31.
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