Then you should not mine this coin, because it is impossible to compete with ASICs on the Ethash algorithm on a video card. Now is an interesting time when new coins are appearing that at least provide good profits to the first miners who delved into the process of creating a wallet and setting up a miner. |
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Based on https://www.whattomine.com/, it should be possible for break even. But it heavily depends on few coins which have low market cap. Doesn't Nicehash only pay with Bitcoin? From their profitability page, it seems like even RTX 4090 is only earning less than $2 a day. Maybe they run other things to make their device profitable, or their energy cost is low, to begin with? It is really hard to understand why anyone would provide their device for such low profitability if they can't offset the cost. If you look at the profit of the NVIDIA RTX 4090 video card, which has recently been in the range of 2.5-5 dollars, then this is a good indicator if the problem with cooling these video cards is solved. And on good days, the profit reached 15 dollars per day. But unlike ASIC, such a video card is a very liquid product on the market. |
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This is an infographic for the distribution of 16 mining pools. If we take the facts that Bitcoin mining is banned in China, we will find that mining from unknown pools represents about 1.3% and therefore still does not constitute a large percentage of mining pools. The percentage was greater than 30% in the past. Where is the Russian hashrate on your chart? Russia ranks 2nd in mining  Russia has emerged as the world’s second-largest crypto mining country, overtaking Kazakhstan, according to reports from Bitriver, Russia’s largest bitcoin mining provider. While the United States remains the largest crypto miner, generating 3-4 gigawatts of mining capacity, Russia’s capacity reached one gigawatts in the first quarter of 2023. China, which banned crypto mining in 2021, did not make Bitriver’s top 10 list.https://cryptopresales.com/russia-climbs-ranks-as-second-largest-crypto-miner-in-the-world/ |
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To start mining, you need to have a good price for electricity and a place to install a noisy ASIC. ASICs also break, and you lose profit, and the more miners buy ASICs, the less profit for each participant. And more powerful ASICs are constantly appearing. |
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MEXC Kickstarter - Vote Iron Fish (IRON) to Win Free 20,000 IRON & 20,000 USDC Airdrops! MEXC is thrilled to launch another session of Kickstarter, a listing campaign initiated by the project team on MEXC before launch where users can commit MX Token to support their favourite project. This event is designed to identify high-quality projects and at the same time, bring airdrop benefits to MEXC users.
Presenting the project for this session of Kickstarter, Iron Fish (IRON).https://www.mexc.com/support/articles/17827791512292 |
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KLS team asked for $30,000 and 500,000 KLS for listing where as PYI team asked for $60,000 in total
If this is true, then both projects paid approximately the same, but do you have confirmation of this information in official sources? safar1980 wrote about raising only $30,000, and I also saw this information in telegram chats. I can't find information about the additional 500,000 KLS. https://bitcointalk.org/index.php?topic=5475916.msg63357405#msg63357405 |
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Bitcowbois, thank you for your post.  Unfortunately, I don’t know which of these sites is official, but I know that superscalar.org was registered six months earlier. This is not a topic about selling, but only a discussion of ASICs, so check your suppliers before purchasing |
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AMD BC-250 Mining card was a true Frankenstein of a card. Not only it features one of the kind Sony PlayStation 5 APU, it was designed for the least expected workloads for this APU: cryptomining. The last two years have been crazy enough for some companies to even consider doing this in scale, which they did. But now, with the crypto craze over, those solutions are no longer profitable to use.
ASRock’s system, which was listed for around $15K when it came out, featured twelve BC-250 cards and in a full mining chassis. These cards are equipped with Ariel/Oberon processors, which combine Zen2 and RDNA2 graphics. These APU/SoCs were used by PlayStation 5 gaming consoles. In this case, however, these are not fully functional chips, but the leftovers with partially disabled graphics which were also used for the AMD 4700S desktop kit.https://videocardz.com/newz/amd-bc-250-crypto-mining-cards-with-sony-playstation-5-apu-spotted-on-ebay
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 The pyrin team very quickly raised money for listing on MEXС. But listing pyrin (PYI) costs $60,000 and listing karlsencoin(KLS) costs $30,000. Either the pyrin team is poorly negotiating the listing or the MEXC exchange considers karlsencoin a more promising coin. |
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Opening JASMINER X16-Q https://www.youtube.com/watch?v=erUi_5nOURg&ab_channel=marsx2groupLarge and high-quality server heatsinks for 3 chips on the board. There will be no overheating or loud noise from such an ASIC, but the hashrate is not large. And the price of this device does not fall, despite the fact that there are no good coins for mining. |
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SuperScalar K10 $6,110.00 Support Algorithm: KARLSEN – Firmware InstalledAlephium Radiant(RXD) Kaspa Ironfish Your product will update the newest FPGA algorithm bitstream for free. https://superscalar.org/product/superscalar-k10/ fakeThese FPGAs will kill the entire profit of video cards in mining. The good times in GPU mining are over. |
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EthereumPOW Disbands Core Development Team to Pursue Autonomy EthereumPOW Core developer has signaled the dissolution of the core development team. A detailed statement from the team underscores how this move marks a significant step toward exploring ETHW’s potential to operate independently without the Core team’s support.
The team, having fulfilled essential technical and operational prerequisites, decided to dissolve the core development organization through majority consensus and extensive deliberations, manifesting a landmark shift in the organizational structure shown at the time the Ethereum Merge event took place last year.https://coingape.com/ethereumpow-disbands-core-development-team-to-pursue-autonomy/ |
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FLUX has released an update to its OS - FluxOS v4.23.0! Simplifies UPNP check Simplifies apiServer of FluxOS HomeUI now shows expired applications HomeUI now shows all marketplace deployed applications HomeUI - It is now possible to redeploy expired application as well as any active application HomeUI - Copying and import of applications specifications json (ASJ) Docker prune improvements https://github.com/RunOnFlux/flux/releases/tag/v4.23.0 |
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White paper says this coin will be gpumining only but who knows. Let's hope. It seems this coin was created based on kaspa GhostDAG protocol. I recommend this project for long term at the moment, other algo that I recommend at this moment is kawpow, coins mainly, xna, rvn, mewc.
 Interesting activity is expected on this coin(XNA) in Q1 2024. If you are mining the kawpow algorithm, you might want to consider switching your equipment to mine this coin in order to sell it in the 1st quarter of next year. This applies more to owners of AMD video cards. Nvidia has more interesting coins for mining. |
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I wouldn't bother mining with a price of 0.10 euros per kWh and additional rent. Your competitors have a much lower price and the profit will fall as the coin hashrate increases. And also this ASIC cannot mine other coins. 3400W is a very high consumption for expensive electricity.
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But I have failed to see any such mining setup and investments in the same till date that are legit and have not been scams.
If you are talking about cloud mining, then there are many difficulties in this business. The average miner has very few opportunities to buy cheap ASICs and get a good price for electricity, so most new small miners will now find it very difficult to compete with large mining companies. Buying bitcoins or shares of mining companies is an individual choice. The stock market is more regulated by law, and many investors find it easier to buy shares while there is no Bitcoin ETF. |
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According to data compiled by TheMinerMag, a dozen public mining companies have made purchase orders for spot and future stocks of bitcoin miners totaling over 70 EH/s this year so far. Their miner investment commitments total more than $1.2 billion year-to-date, with approximately $750 million signed over the past two months.
Some of those purchases have already been paid and some will be due in monthly batches over the next year and beyond. In total, public mining companies tracked by TheMinerMag have already spent $747 million in the first three quarters this year on property, plant and equipment.
Chinese miner manufacturers are set to be the biggest winners from these purchasing deals. Of the $1.1 billion investment identified by TheMinerMag, MicroBT and Bitmain account for 56% and 42%, respectively, with Canaan accounting for the rest of it. https://theminermag.com/news/2023-12-07/miner-weekly-bitcoin-halving-investmentAnd next year it will be even more difficult to make profit in Bitcoin mining. Look for miners for altcoins.
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Flux Core launched their project. Here is their link https://leaderboard.fluxcore.ai/The excitement was very big, but so far they have only launched alpha version, which will work until the 2nd quarter of 2024, then there will be a beta version, where PoUW mining will possibly be tested. At the moment this platform only supports coin mining, or in simple words it is Nicehash or Fluxhash |
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Hello Everyone, I am new to mining and been doing a ton of research of what to buy and what to look out for. I'm looking to buy a ASIC miner, but really don't want to pay the mark up. Eventually I would like to mine all the types of crypto, but have to start off with something. For example, IceRiver looks good, but on their website they are sold out. If I look on eBay there is a huge mark up on them. Any advice where else to buy? Do I trust the https://www.asicminervalue.com/ telling me that Akminer, Nhash, Jingle Mining, ect are trusted resellers. Is there some where I should follow when the latest ASIC is released or a mailer list to get on? It appears to be ahead of the game is to buy as soon as it is released. Looking at this a just a fun hobby. Eventually would like a ASIC for each of the different cryptocurrency's probably from all different manufactures. Thanks in advance. If you are interested in bitcoin mining, then look at the reports of major mining companies on the cost of mining, electricity prices and the cost of purchasing ASICs. They buy ASICs in large wholesale, so their prices are much lower than on the official website. If you buy several ASICs, you will still pay a premium, and if your electricity is still expensive, then you can pay back the investment in 1.5-3 years if the ASIC does not break down first. https://bitcointalk.org/index.php?topic=5473513.0 |
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