In the ever-evolving world of cryptocurrency, Bitmain has once again made headlines with the announcement of its latest Bitcoin miner, the Antminer S21. As the crypto community eagerly awaits the details, early speculations suggest groundbreaking advancements in mining efficiency and power.

Antminer S21: What We Know So Far

Bitmain’s teaser video has left many in anticipation. The Antminer S21 is rumored to mine at a staggering 200 terahash, consuming around 3,000 Watts. The most exciting part? Bitmain might be introducing a revolutionary Asic chip, aiming to bring the efficiency down to an unprecedented 15 joules per terahash.

Bitcoin’s Current Landscape

As of August 21st, 2023, Bitcoin’s value stands at $27400, experiencing a slight dip. The crypto market is known for its volatility, with Bitcoin’s all-time high reaching $68,789.63 on November 10th, 2021. The big question on everyone’s mind is when the next Bitcoin Bull Run will commence and what the new all-time high might be.

The Competition

At Mining Disrupt 2023 in Miami, Zeely Miners showcased their K-10 Ultra Bitcoin miners. These air-cooled miners boast over 200 terahash, consuming a little over 4,000 Watts. With competitors stepping up their game, Bitmain’s announcement of the Antminer S21 seems timely.


Profitability Projections

Based on the rumored specifications, the Antminer S21 could potentially earn around $13.39 in Bitcoin daily, with electricity costs estimated at $7.56, leaving a profit of $5.83. These figures are based on the current value of Bitcoin and could vary with market fluctuations.

The Big Reveal

All eyes are now set on the World Digital Mining Summit 2023, scheduled for September 22nd-23rd at the Ritz Carlton in Hong Kong. This annual event by Bitmain promises to unveil the official details of the Antminer S21. Attendees can expect a mix of networking, knowledge sharing, and a glimpse into the future of crypto mining.


Final Thoughts

The Antminer S21, with its rumored specifications, has the potential to set new standards in the Bitcoin mining industry. As Bitmain prepares to unveil this game-changer, the crypto community watches with bated breath. Whether you’re a seasoned miner or a crypto enthusiast, the Antminer S21 promises to be a topic of discussion in the coming months.

Remember, while the world of cryptocurrency offers numerous opportunities, it’s essential to approach it with caution and due diligence. Always stay informed and make decisions based on thorough research.

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Also another reason would be for retailers , if want to mine from home garage to get rid of noise and get some heat in winter...ha

What about the Hydro miner , of course the extra cost on Cooling radiator what will increase ROI.
But might suit in winter time to heat the house https://mineshop.eu/water-cooling-series-water-cooling-radiator/

When it comes to Bitcoin mining, the choice of equipment can be crucial for profitability. ASIC miners, in particular, have risen to prominence in the Bitcoin mining industry due to their superior power efficiency and hashing capabilities compared to other types of mining hardware. In 2023, various ASIC miners compete for attention in the market. However, the selection process can be complicated, considering energy costs, miner prices, and efficiency ratings.

In this blog post, we are going to analyze four major Bitcoin ASIC miners available on the market:

Bitmain Antminer S19 XP 141 TH/s
Bitcoin Miner S19J Pro 122T
Whatsminer M50 120TH
Bitmain Antminer S19 90 TH/s
Bitmain Antminer S19 XP 141 TH/s
The Bitmain Antminer S19 XP is a cutting-edge miner with a hash rate of 141 TH/s. Its high hash rate makes it a power horse for Bitcoin mining, suitable for miners looking to generate a significant return, power usage is 3000watts. However, it also means that efficient machines will be most expensive per th/s, hence more considerable operational expenses in terms of energy costs. This could protentional increase your ROI time.

The key to assessing its value is to weigh the initial acquisition cost against its efficiency (watt per TH/s) and your local electricity rates. If you have access to cheaper electricity, this miner high cost could increase your (ROI time).

Bitcoin Miner S19J Pro 122T
The Bitcoin Miner S19J Pro 122T is another powerful ASIC miner from the Bitmain line. Despite its slightly lower hash rate of 122 TH/s compared to the S19 XP, it shines with its energy efficiency. This balance of power and efficiency can provide a better ROI for miners with higher electricity costs.



Whatsminer M50 120TH
Whatsminer has been known for producing reliable and efficient ASIC miners, and the M50 is no exception. With a hash rate of 120TH/s, it offers a similar performance level to the S19J Pro. However, its exact efficiency will depend on specific power usage, which might vary. It’s a solid choice for both cheap and moderately priced electricity scenarios.
Bitmain Antminer S19 90 TH/s
The Bitmain Antminer S19 90 TH/s, while offering the lowest hash rate among these miners, stands out for its cost-effectiveness. It’s a reasonable choice for those with lower electricity costs or beginners who are just starting their mining journey. However, its lower performance might require a longer timeframe to reach a positive ROI compared to the higher-end models. If your electric price is close to “ZERO” , this might be the machine of your choice as it has the cheapest price per th/s and could protentional be the fastest ROI.

 
Conclusion
Choosing the right Bitcoin ASIC miner depends largely on your specific circumstances, particularly your electricity cost. If your electricity price is low, you could opt for a miner with the best price per TH/s, like the Bitmain Antminer S19 90ths, for the fastest ROI.

If your electricity is expensive, a more efficient miner balancing watt per TH/s and price per TH/s, like the Bitcoin Miner S19J Pro 122T or s19 XP, might be the better option. Nonetheless, careful consideration of each miner’s capabilities, cost, and efficiency will help optimize your Bitcoin mining endeavor in 2023 and beyond.

Keep in mind this post is done on 14.07.2023 , crypto market changes very quickly and by the time you see this miner prices and profitability can change which could potentially affect your ROI.
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Thank you for sharing, any page for hardware benchmarks? whats the mining algo?

Newer Asics for new coins are the most riskiest indeed.
The higher the risk the higher potential rewards or loss.
If i had to choose which asics to mine, my biggest bet is Litecoin miners and Bitcoin miners. Not a big gambler

All marketing from manufacturers, defiantly risky purchase.

IceRiver is a leading manufacturer of KASPA coin ASIC cryptocurrency miners, specializing in high-performance mining equipment catered towards the needs of cryptocurrency enthusiasts and miners worldwide. Their primary focus lies in developing and producing ASIC miners tailored for the kHeavyHashes algorithm, an important factor in staying ahead in the ever-evolving world of cryptocurrency mining. By harnessing the power of kHeavyHashes, IceRiver’s miners offer exceptional performance and efficiency, ensuring competitiveness in the mining landscape. The company is dedicated to rigorous manufacturing standards and utilizes advanced technologies to produce robust and reliable ASIC miners. Each product undergoes meticulous testing and quality assurance procedures before being shipped, ensuring that customers receive a mining solution of the highest caliber. IceRiver is also committed to customer satisfaction and provides exceptional service and support to its clients. (This statement is from Iceriver still needs to be verified)

IceRiver currently has five ASIC models available:

1. KAS Miner KS0
2. KAS Miner KS1
3. KAS Miner KS2
4. KAS Miner KS3
5. KAS Miner KS3L

IceRiver has recently released the IceRiver KS3, an ASIC miner capable of mining the kHeavyHash algorithm with a maximum hashrate of 8.00 Th/s and power consumption of 3200 W.

The IceRiver KS3 is an ASIC miner that has been designed for optimized mining performance. Below are its detailed specifications:

Manufacturer: IceRiver
Model: KS3
Release Date: July 2023
Hashrate: 8.00 Th/s (±10%)
Power Consumption: 3200 W (±10%)
Size: 290195370 mm
Weight: 14.7 Kg
Noise Level: 75 Db
Number of Fans: 4
Interface: Ethernet
Operating Temperature: 0-35 °C
Humidity Range: 5-95%
Additional Info:
This model is specifically optimized for mining KAS (Kaspa) using the kHeavyHashes algorithm​.


This miner is a direct competitor to giant Asim miner manufacturer model Antminer Ks3 KAS miner 8.3ths

As for its profitability, with an electricity rate of $0.10 per kilowatt-hour, the IceRiver KS3 can mine 115,068.32 KAS (Kaspa) within a 24-hour period, leading to a daily profitability of $3,001.18​. The cost of the IceRiver KS3 is reported as $47000.00​

In addition to the KS3 model, IceRiver also offers the KS1 and KS2 miners, the first ASIC miners for Kaspa (KAS). These models feature arithmetic power of up to 1T and 2T respectively, with power consumption of 600W and 1200W.

However, some information is still missing to provide a complete picture of the company, such as the age of the company, its geographical base, its competitors, and the reliability of the miners it manufactures over the long term. These aspects would require additional research for a comprehensive review.

Furthermore, it’s important to note that while current profitability metrics of the miners are positive, these are subject to fluctuations in the cryptocurrency market and electricity costs, and therefore may vary over time.

With the rapid advancement of technology in the crypto mining industry, IceRiver’s innovative approach and commitment to quality set it apart. Yet, potential buyers should conduct thorough research and consider multiple factors, such as their electricity costs and the current cryptocurrency market, before making a purchase decision.

Indeed, ASIC miners tend to be more efficient and powerful than GPUs when it comes to cryptocurrency mining. They are specifically designed for this purpose and have a high hash rate per power consumption. Mining unfortunately is Getting industrialized.


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867]
Feeling the Jasminer might make us age like fine wine before we see ROI, huh? 😄
[/quote]
ASICs for Ethash algorithms have several big problems. There are no good coins on this algorithm, and if the ethereum classic dies, then the asics will be useless. Bitmain will gladly trip up its competitors. I would buy asics for bitcoin or litecoin mining.
[/quote]
Exactly , my own take Asics are the only way to go currently after ETH merge. Litecoin and Bitcoin also my choice just because they are one of the oldest POW coins to mine, meaning ASIC development is so far ahead on these as new miner releases wont be as much as efficient as it would be on some newer altcoins.
Ethash also good mining Algorithm but there is no good coins to mine with it.

Feeling the Jasminer might make us age like fine wine before we see ROI, huh? 😄

A new breed of ASIC miner is about to grace the cryptocurrency mining landscape. Introducing the Jasminer X16-P (5535MH), a cutting-edge Ethereum Classic miner that promises to revolutionize the way we mine Ethash-based coins like ETC, UBIQ ,MUSIC and others.

About the Jasminer X16-P
Designed for high-performance hashrate and extreme efficiency, the Jasminer X16-P is predicted to be the most profitable Ethereum Classic miner for home and office use and industrial. It operates on the Ethash algorithm and boasts a maximum hashrate of 5500MH/s, setting new standards in the industry.

The X16-P is equipped with Jasminer’s newly developed high throughput chip. This advanced technology aims to provide a balance of high performance and cost-effectiveness, making it suitable for applications ranging from home use to IDC server rooms and professional mining sites.


Key Specifications
The Jasminer X16-P, anticipated to be available in August 2023, is set to offer the following features but these are not official yet:

Manufacturer: Jasminer
Model: Jasminer X16-P
Mineable coins: Ethereum Classic (ETC), Musicoin (MUSIC), Ubiq (UBQ), and others
Algorithm: ETCHash/dualmining
Noise: 40 db
Power: 1900W (+/-10%)
Voltage: 220V
RAM: 8GB
Interface: Ethernet
Temperature: 0 – 40 degrees Celsius
Humidity: 5 – 95%

Or check the miner profitability here – https://www.hashrate.no/asics/x16p

About Jasminer
Jasminer is a renowned manufacturer of ASIC mining hardware, headquartered in Shenzhen, China. The company produces a wide range of ASIC models capable of hashing the Ethash algorithm. Jasminer’s commitment to creating ‘world-class’ chips is clear in their pursuit of driving the crypto world.

Other Notable Models by Jasminer
Apart from the Jasminer X16-P, the company has a variety of models in its portfolio:

 

Jasminer X4-Q High throughput 3U quiet server: 1040MH/s, 370W
Jasminer X4-QZ High throughput 3U-Z quiet server: 840MH/s, 340W
Jasminer X16-Q High throughput quiet server: 1845MH/s, 630W

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Yes, I've noticed the same with my GPU mining for KAS. The spike in difficulty a few months back has definitely affected profitability. It seems like ASIC miners might be entering the game, increasing the competition.

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Antminer L7
Mining cryptocurrency is a competitive and constantly evolving industry. The profitability of mining can vary depending on various factors, such as the price of the cryptocurrency being mined, the difficulty of mining, and the cost of electricity. Therefore, before investing in a mining device like the Antminer L7, it is important to carefully consider the potential costs and risks involved​.

Antminer L7 Specifications
Manufactured by Bitmain, the Antminer L7 is a powerful mining device released in November 2021. Weighing 15,000 grams and with dimensions of 195 x 290 x 370mm, this device has a maximum hashrate of 9.5Gh/s for a power consumption of 3425W. It operates optimally at temperatures between 5 and 40 degrees Celsius and humidity levels of 5 to 95%. Furthermore, it is equipped with four fans to help with cooling and a built-in PSU​.

The Antminer L7 is designed to mine cryptocurrencies that use the Scrypt algorithm, including Dogecoin and Litecoin. It is capable of a hash rate of over 10000 mega hashes per second (MH/s) with a power consumption of 3500 watts with firmware customization, making it a highly efficient device for mining these cryptocurrencies​.

Setting Up Antminer L7
To set up your Antminer L7, you will need an Ethernet connection to connect your device to the internet. After connecting your device, you can use the provided web interface to configure and monitor your miner remotely.

In addition, to enhance the performance of your Antminer L7, consider upgrading to Hiveon’s ASIC firmware. This firmware provides several benefits, such as increased efficiency and stability, making your mining operation more profitable.



Upgrading to Hiveon’s ASIC Firmware
Before you begin the firmware upgrade, make sure you have an SD card of up to 32 GB available. The process involves downloading the L7 firmware file, formatting the SD card to FAT32 with MBR (Master Boot Record) partition scheme, and unzipping the downloaded file to copy its content to the MicroSD card.

Specifically, you will need to fill in the files in the root folder of the unzipped content, including the FARM_HASH file (with FARM_HASH from your farm settings) and the HIVE_HOST_URL file (with the API server if it is essential to replace it). Once this is done, you can insert the SD card into the control board’s slot on the Antminer L7, turn on the miner, and wait for the auto-tuning process to complete, which could take up to 2 hours.
The process of upgrading to Hiveon’s firmware involves a few steps, which I’ll outline in more detail below:

Prerequisites
Before you begin, you will need an SD card of up to 32 GB.

Downloading the Firmware
Start by downloading the archive with the L7 firmware file. You can find this file at the following URL: https://download.hiveos.farm/asic/L7/SD-L7_xilinx-Hiveon-latest.zip?
Preparing the SD Card
Once you have the SD card, you will need to format it to FAT32 with MBR (Master Boot Record) partition scheme. This can usually be done through your computer’s file explorer or disk management software​.
Unpacking the Firmware onto the SD Card
After formatting the SD card, unzip the downloaded file and copy its content to the MicroSD card. In the root folder of the unpacked files, you will find files named FARM_HASH and HIVE_HOST_URL.
FARM_HASH: In this file, insert FARM_HASH from your farm settings. This will allow the ASIC miner to connect to your specific farm on Hiveon OS.
HIVE_HOST_URL: If it is essential to replace the API server, insert the new server address here. If the file is left empty, the standard server (api.hiveos.farm) is used​.
Installing the Firmware
After you have copied the necessary files to the SD card, turn off your ASIC miner and insert the SD card into the control board’s slot.
Turn on your ASIC miner. After the miner is powered on, it will start an auto tuning process. This process might take up to 2 hours, and it’s important not to interfere with the miner and keep the devices powered on during this time to ensure a successful and error-free operation​1​.
Troubleshooting
If you encounter any problems during this process or receive error statuses, reach out to the Hiveon support team. Be sure to provide a link for the specific worker that is having issues.

By following these steps, you can upgrade your Antminer L7 with Hiveon’s ASIC firmware, improving your miner’s efficiency and stability and potentially increasing your mining profits.

Remember, always make sure to check that the firmware you are installing is from a trusted source, such as the official Hiveon website. This is to protect your device from malicious software and maintain the security of your mining operation.

This firmware is Supported to all Antminer L7 Devices :

Antminer L7 8800mhs asic miner

Antminer L7 9050mhs asic miner

Antminer L7 9300mhs asic miner

Antminer L7 9500mhs asic miner


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Now I understand why such powerful ASICs will be delivered to customers in the 3rd-4th quarter of this year.
[/quote]
Well, you know what they say: "Mining cryptocurrencies with ASICs is a bit like buying a lottery ticket... but at least with the lottery ticket, you don't have to pay for the electricity to scratch it off!" 😂

But on a serious note, it does look like you're onto something. With the majority of KAS already mined, getting into the game late can feel like trying to win the lottery. Only in this case, the consolation prize is a huge electricity bill and a room that doubles as a sauna from all the heat those ASICs generate! 🥵💡💸
[/quote]
With such tokenomics, only those miners who receive the equipment first and have time to start mining will win. When the entire batch of ASICs is launched, the profit will die. In the meantime, it is possible that the manufacturer mines these ASICs in order to test and send these ASICs to you

[/quote]
You're right, when it comes to the tokenomics you've mentioned, the early bird does indeed get the worm, or in this case, the crypto. And you've got a point about manufacturers potentially "testing" (aka mining) the ASICs before shipping them out. That's a conspiracy theory I haven't heard since the rumors of Elvis being spotted at a blockchain conference!

Well, you know what they say: "Mining cryptocurrencies with ASICs is a bit like buying a lottery ticket... but at least with the lottery ticket, you don't have to pay for the electricity to scratch it off!" 😂

But on a serious note, it does look like you're onto something. With the majority of KAS already mined, getting into the game late can feel like trying to win the lottery. Only in this case, the consolation prize is a huge electricity bill and a room that doubles as a sauna from all the heat those ASICs generate! 🥵💡💸

The world of cryptocurrency mining is all about making the best of what you have, and it’s safe to say that this mantra applies doubly so for those invested in the field of ASIC (Application-Specific Integrated Circuit) mining. The landscape of ASIC miners has recently seen a significant shakeup with the launch of Bitmain’s latest mining rig, the KAS Miner KS3. This ASIC miner specifically targets the kHeavyHash algorithm, utilized by the Kapspa (KAS) coin.

The KS3 is a power-packed addition to the marketplace, boasting an impressive hashrate of 8300GH/s (±10%) and power efficiency of 0.38 J/G (±10%) at 25°C, which is currently one of the best available in the industry. But what exactly does this entail for prospective miners? Let’s delve deeper into its specifications, potential risks, and overall implications for KAS coin mining.


KS3 Miner Specifications
This robust rig is designed to operate under a wide range of power supply conditions, with AC input voltage ranging from 200-240 volts and frequency range of 47-63 Hz. The networking connection is facilitated via an RJ45 Ethernet 10/100M.

The hardware stands at a sizable 430mm x 195.5mm x 290mm without packaging, and a slightly larger 570mm x 316mm x 430mm with packaging. Despite its heavyweight performance, the KS3 itself weighs just 16.1kg (net weight), making it manageable for handling and setup.

The KS3 operates optimally at temperatures between 0 and 40 degrees Celsius, and in humidity levels of 10% to 90% (non-condensing). The rig is also designed to function at altitudes of up to 2000m.

A Word of Caution
While the Antminer KS3 appears to be a promising proposition, as with any investment, it does carry certain risks. The first is the release of a newer, more efficient model. As technology evolves at a breakneck pace, ASIC miners are frequently outpaced by their successors, often resulting in decreased profitability over time.

The high price point of the KS3, currently around $50,000, also presents a significant barrier to entry. It leads to a prolonged or potentially even non-existent Return on Investment (ROI). With the possibility of competing manufacturers releasing similar performing miners like the Iceriver miner, the market could soon be flooded, diluting individual miner’s profits.

As an example, let’s consider the current daily inflation reward for the KAS coin, which is approximately $500,000. If 5,000 miners are released (which seems to be a minimum estimate), the profitability of each miner would drop from $2,000 to about $100 a day. This would push the ROI for the KS3 miner to around 500 days, assuming no changes in the market.

If we were to imagine a scenario where 10,000 miners are released into the market, profitability could potentially drop even further. In a dynamic and rapidly evolving market, it’s essential to keep in mind these considerations before making a substantial investment.

Check the current profitability of this miner here : https://hashrate.no/asics/ks3

Final Thoughts
The Bitmain KAS Miner KS3 indeed brings impressive specifications to the table. However, the rapidly evolving landscape of cryptocurrency mining and the high entry cost make it critical for potential investors to carefully evaluate the potential risks and rewards. As always, staying informed and updated with the latest trends is key to a successful and profitable mining venture.
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The world of cryptocurrency mining is evolving rapidly, and staying at the forefront of the latest technologies is key to maintaining a competitive edge. Among the numerous tools and technologies used by crypto miners, ASIC miners hold a prominent place due to their superior efficiency and computational power. Today, we are going to delve into one of the latest and most efficient Bitcoin ASIC miners in the market: The Antminer S19j Pro+ 120TH/s.

The Antminer S19j Pro+ 120TH/s stands tall as the go-to choice for professional miners, thanks to its astounding hash rate and optimal power efficiency. It is capable of mining several cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin SV (BSV). Let’s explore the Antminer S19j Pro+ in detail.

Specifications

The Antminer S19j Pro+ is a powerhouse. It boasts a hash rate of 120 TH/s (±3%), ensuring swift and efficient mining. The power efficiency on the wall at 25°C is 27.5 J/TH (±5%), while the power on wall at 25°C stands at 3355 Watts (±5%). This powerful machine maintains a perfect balance between energy consumption and mining efficiency.

The unit comes in compact dimensions of 400195290mm (without packaging) and weighs just 14.35 kg, allowing for easy setup and operation. The packaged dimensions are 570316430mm with a gross weight of 16.95 kg.

Its operational temperature range is between 0°C to 40°C, and it can be stored in temperatures between -20°C to 70°C. It operates optimally at a humidity of 10~90%, non-condensing, and it can work effectively at altitudes up to 2000 meters.

It connects to networks using an RJ45 Ethernet 10/100M connection, offering fast and reliable data transfer.

Setting Up the Server

Getting the IP AddressFirst, we need to find the IP address for your Antminer S19j Pro+. Bitmain offers a tool called IPReporter to assist in this process. Note that the IPReporter tool is supported by Microsoft Windows only.
Visit the following site: Bitmain Support
Download the file: IPReporter.zip.
Extract the file.
Right-click “IPReporter.exe” and run it as Administrator.
Choose either “Shelf, Step, Position” for farm servers to mark the location of the servers, or “Default” for home servers.
Click “Start”.

Now, on your Antminer S19j Pro+’s controller board, press the IP Report button and hold it down until it beeps (about 5 seconds). The IP address will be displayed in a window on your computer screen.



Accessing the Server In your web browser, enter the IP address provided. Use ‘root’ for both the username and password to login. If you want to assign a Static IP address, you can do that under the Protocol section. Enter the IP address, Subnet mask, gateway, and DNS Server, then click “Save”.
Configuring the Server

Setting Up the Pool To configure your Antminer S19j Pro+:
Click “Setting”.
Note: Fan speed can be adjusted, but keeping the default setting is recommended. If no fan speed is selected, the server will adjust it automatically. The S19 series server has two working modes: Normal and Sleep.

Click the “Miner Configuration” tab to set up your mining pools. Input the mining pool URL and worker name, then click “Save”.
Note: In this guide, we use Antpool as an example. You are free to use other mining pools.


Monitoring Your Server

To check the status of your server, click on the dashboard. From there, you can check various parameters like the number of chips detected, ASIC frequency setting, real-time Hashrate, inlet and outlet temperatures, and the chip state.

Administering Your Server

Checking Your Firmware VersionTo find your current firmware version, navigate to the system settings on your server, and find the firmware version displayed at the bottom.
Upgrading Your FirmwareEnsure your Antminer S19j Pro+ server stays powered during the upgrade process. To upgrade:
Click “Firmware Upgrade” under the System settings.
Choose “keep settings” to retain your current settings or deselect to reset to default settings.
Click the upload button and select the firmware file, then click “Update”.
Restart your server once the upgrade completes.
Changing Your PasswordTo change your password, navigate to the “Password” setting under the System settings. Enter your new password, and then click “Save”.
Restoring Initial SettingsTo restore your server to its default settings, let your server run for 5 minutes. Then, on the front panel of the controller, press and hold the Reset button for 10 seconds. The red LED will flash once every 15 seconds if the reset is successful.
Remember, crypto mining involves a certain degree of technical knowledge and risk. Always ensure you’re fully informed before starting your mining journey. Happy mining!


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Ethereum, the world’s second-largest cryptocurrency, has recently undergone a major upgrade called Shanghai. This upgrade has unlocked staking rewards, which many people believe is a bullish sign for the markets, despite what some may think.

At first glance, one might assume that unlocking staking rewards would cause people to withdraw their coins immediately, leading to a bearish market. However, this assumption overlooks the fact that many people who stake their coins do not plan on immediately unlocking them. Instead, they use staking providers like Lido and Rocket Pool to gain liquidity even before their coins are unlocked on the main chain.

The Shanghai upgrade has been a success, and it could lead to an increase in the total number of staking coins. People who previously hesitated to stake their coins due to the fear of not being able to unlock them may now feel more confident in doing so. This increased staking activity could be a positive sign for the markets, as it demonstrates a greater commitment to the Ethereum ecosystem.

Furthermore, the Shanghai upgrade has introduced several other improvements to the Ethereum network, such as reducing the gas fees required for transactions. This reduction in fees is another positive sign for the Ethereum market, as it makes the network more accessible to a wider range of users.

In conclusion, the Shanghai upgrade is an exciting development for the Ethereum community. The unlocking of staking rewards may seem like a bearish signal at first, but it actually represents a greater level of confidence in the Ethereum ecosystem. The success of this upgrade could lead to increased staking activity and a more accessible network, which could ultimately lead to a more bullish market.

It’s worth noting that Ethereum made a significant change back in September 2022 when it switched from proof-of-work (PoW) to proof-of-stake (PoS). This change means that Ethereum is now a stake coin, which has several advantages over PoW coins. For example, PoS is more energy-efficient and can handle a greater number of transactions. Additionally, with PoS, stakers have a greater say in the governance of the network.

Most popular ETHASH Asic miners :

Antminer E9 pro
IPOLLO V1 MINI 300 mhs
JASMINER X4-Q 1040MH 370w

As a result of this change, some popular ETHASH ASICs are no longer able to mine Ethereum, but they can still mine other coins like ETC and ETHW. This change has led to some shifts in the mining landscape, but overall, it has been a positive move for Ethereum. The shift to PoS has been in the works for several years, and it represents a significant step forward for the network.