The average cost to mine Bitcoin was negative ($6,141) in the third quarter, as compared to $8,227 per Bitcoin for the same three-month period in 2022.
Earned $49.6 million in power curtailment credits during the quarter, as compared to $13.1 million in power curtailment credits earned for the same three-month period in 2022.https://www.riotplatforms.com/riot-platforms-reports-third-quarter-2023-financial-results-current-operational-and-financial-highlights/I'm shocked by this data. For a Russian apartment miner with an electricity price of 2 cents and a complete absence of additional expenses and taxes, the cost of bitcoin mining will be more expensive. What's the magic here?
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After making all the preparations for Bitcoin mining, suddenly the price of electricity in our area almost doubled and at that time I did not move forward with the Bitcoin mining plan.
That's the case in my country too. Electricity is too expensive at the moment. However I haven't made the preparations for bitcoin mining. I am very reluctant to do anything right now unfortunately. And there will not be cheap electricity for mining in all countries. In countries where cheap electricity for individuals will be used for mining, the legislation will become more severe and fines will increase. Some miners in Russia still manage to use several ASICs in their house or apartment, or even 10 ASICs in the garage, but this is already very little competition. |
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Fake XRP Wallet On Google Chrome Store Targets XRPL Users
Xumm Wallet is one of the most widely used wallets in the XRPL ecosystem, and bad actors have often targeted it. In the latest attempt, users have spotted a fake Xumm plugin listed on the Chrome web store.
The malicious extension has already gained over 40 positive reviews on the store, a tactic its creators use to convince unsuspecting users that it is genuine. However, similar to all fake crypto wallet plugins, users will realize the danger only after transferring funds to a wallet address created with the plugin.https://thecryptobasic.com/2023/11/08/fake-xrp-wallet-on-google-chrome-store-targets-xrpl-users/
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Well, now you can buy a lot of inexpensive phones on the secondary market to use them to get rewards,
It's the only practical use for phone mining. Only if they'e beyond their useful life as a phone and only with the battery removed. The scaling issue is the worst for phones so you need them in the hundreds to generate a significant hash rate. It all depends on the project’s requirements for phones. For 35-50 dollars you can buy many used phones with a 4-6 core processor and 32-64 GB of built-in memory from the inexpensive Chinese brand Xiaomi or others. You can order batteries from Aliexpress today. Older Hiomi models can be disassembled and the battery replaced at home, unlike new Samsung and Apple. |
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Samsung Unveils HBM3E Memory and Provides Details on HBM4, GDDR7, and Detachable AutoSSD
One of the key features of Samsung’s HBM3E memory is its faster data transfer speed compared to similar chips from Micron and SK Hynix. With data transfer speeds of 9.8Gbps per pin, it is capable of reaching transfer rates of up to 1.2TBps. Samsung has also enhanced its NCF (Non-Conductive Film) technology to improve thermal conductivity by reducing the gaps between chip layers.
The HBM3E memory is currently in the sampling phase and being sent to clients for testing. Mass production is expected to begin in 2024. Additionally, Samsung unveiled plans for the development of HBM4 memory, which will utilize more advanced chip manufacturing and packaging technologies. The company aims to use a wider 2,048-bit memory interface and FinFET transistors to reduce power consumption.
Samsung also provided more details on its GDDR7 memory, which offers a 50% reduction in standby power consumption compared to previous generations. The company plans to start shipping 16Gbit modules that can operate at up to 32Gbps per pin. This new memory type improves power efficiency in both active and standby states.https://isp.page/news/samsung-unveils-shinebolt-hbm3e-memory-updates-hbm4-development-2/
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After making all the preparations for Bitcoin mining, suddenly the price of electricity in our area almost doubled and at that time I did not move forward with the Bitcoin mining plan. At one point I was thinking of starting bitcoin mining using solar panels instead of electricity but winter came and again I couldn't find an area that has sunlight most of the time. Mainly because of these two reasons I haven't started Bitcoin mining yet but I have gathered enough knowledge about mining. If the price of electricity ever drops significantly I may decide to mine again.
This is one of the worst surprises, but it is very strange that electricity prices suddenly double. But as a rule, electricity prices do not fall sharply, and your competitors will already be mining on new ASICs. It's good that you didn't spend money on mining ASICs. |
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WildRig Multi 0.38.1 fixed choosing gpu's when there is skipped one fixed broken progpow family algorithms since 0.38.0 on AMD and NVIDIA fixed incorrect intensity for ghostrider algorithm on AMD and NVIDIA now if use --gpu-memory-clock, miner will set it only after DAG generation implemented progpow-quai for their Iron Age Testnet node https://github.com/andru-kun/wildrig-multi/releases/tag/0.38.1Check all links with first post from the developer!
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A New Exchange Chapter on the Horizon
The Clore family is growing, and our visibility is expanding. We’re thrilled to announce that come November 10th, our very own $CLORE will be listed on the reputable Gate.io exchange. This pivotal step not only broadens our reach within the crypto community but also offers our users an esteemed platform for trading $CLORE, enhancing liquidity and accessibility.https://blog.clore.ai/clore-ai-weekly-recap-new-roadmap-gate-io-listing-and-much-more-2636e1e7114c
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AMD most powerful mobile Radeon has been tested
The RX 7900M with Navi 31 GPU.
The configuration tested by GizmoSlipTech, who obtained a unit of this system for an early hands-on video, incorporates the 7945HX processor, not the X3D variant. It also features a 1920×1200 480Hz display, suggesting that one should not anticipate 1440p/2160p gaming benchmarks. The system is priced at $2799 in this configuration, though it is more affordable than the M18 with a Core i9-13900HX and RTX 4080 combination, which is listed at $299https://videocardz.com/newz/amd-radeon-rx-7900m-tested-in-3dmark-timespy-is-4-faster-than-rtx-4080-laptop-gpu
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Agreed for the most part they are useless and just a gimmick to obtain private user information and hijack their phone bandwidth,
the most popular example of this year was probably Minima, which had huge hype and a widespread referral system, obtaining hundreds of thousands new accounts to serve as nodes, still worthless to this day, and the rewards / airdrop program turned out to be complete bogus,
users who would like to risk this for minimal gain should also consider it cannot be healthy to keep your phone occupied 24 / 7 with this activity, so at least try to do it with a phone you are not keeping close to you...
Well, now you can buy a lot of inexpensive phones on the secondary market to use them to get rewards, but greedy people use their personal phones for this. But another thing is that there are no profitable coins for mining or the promises of the development team may not be fulfilled. |
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NVIDIA RTX 4070 Ti SUPER packaging design has been leaked
The RTX 4070 Ti SUPER is reportedly an update to the existing Ti model, boasting 8448 CUDA cores and utilizing either the AD102-175 or AD103-275 GPU. It’s expected to maintain a power requirement similar to the original ‘Ti’ model, which stands at 285 watts. Additionally, it is rumored to feature increased memory capacity, with suggestions from other sources indicating a launch with 16GB of GDDR6X memory.https://videocardz.com/newz/nvidias-geforce-rtx-4070-ti-super-packaging-design-leak-hints-it-might-be-real
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1. I am mining - S19Pro 110T. I do it as a form of DCA of non-KYC corn (and an willing to pay the premium for that), to participate as a miner and promote decentralization, and as a geeky hobby.
2. Send my hash to f2Pool. Considering Braiins Pool once I get BraiinsOS going. I prefer the constant and predictable stream of sats now model, so I use a pool as opposed to solo mine.
3. At home. I built a box to house it and it does a good job of keeping noise down. It’s 55db around 5ft away in the box. Exposed, the S19 screams at well over 75db. I have it tucked away in the basement and you don’t hear it elsewhere in the home. If you have a smaller space, the sound will always be there.
These things of course pump out mucho heat. I live in Canada and in fall, winter, spring it truly does help heat the home. In the summer, recommend finding a way to vent outside.
Electricity is $0.11ish - costs a little over $200 a month to run. The economics of mining are brutal and constantly changing. If you’re planning on selling what you mine, price volatility is a huge consideration. The difficulty continues to march higher and you’re also getting fewer sats for your hashing power over time.
I enjoy it though and it’s not really about running a ‘profit’. I’m just stacking sats.
At 11 cents per kilowatt, mining on such an ASIC is already a loss, or do you have more energy-efficient firmware? If the calculator’s calculations are correct and the hashrate is constantly growing, then $200 a month will buy you more coins than you mine on your ASIC. https://www.asicminervalue.com/miners/bitmain/antminer-s19-pro-110th |
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In terms of environmental impact, it's always better to burn methane than let it go to the atmosphere raw. Methane has a higher impact on the greenhouse effect than if it was burned, which turns it into CO2 and water. The issue with this is that it's very hard to capture methane en masse and therefore it wasn't considered economically feasible to capture methane at large scale for energy production.
The other issue is that even if we manage to capture methane and burn it on the spot it would require large upgrades to the electric grid's infrastructure in order for the grid to be able to distribute this power for consumption so we could actually utilize savings. So installing bitcoin mines in places that produce methane sounds like a good idea because the extra monetization acts as good incentive to continue the activity of capturing and burning methane (instead of letting it escape and harm the environment) at times of low electricity demand.
TL;DR, this COULD work. But only time will tell. Yes, maybe it's greenwashing because it's hard to orchestrate such experimental things.
I also assumed so, because a lot of money is tedious for a powerful generator to generate electricity, and making a non-polluting project because of the small power for mining bitcoins is not profitable, unless this is a reason to take up space or build an additional power plant. |
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If you like mining, then it’s better to take up a classic miner and buy equipment.
Any programs that you download onto your phone can then be dangerous for your cryptocurrency wallets on your phone or banking applications. Don't learn telephone mining using your main phone at least.
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A proposal by Argentine presidential candidate Sergio Massa to use excess natural gas from the Vaca Muerta oil fields to mine Bitcoin has generated controversy in the country's cryptocurrency community.
Vaca Muerta, which translates to "dead cow," got its name in the 19th century when fossilized remains of megafauna—think giant ground sloths and glyptodonts—were found in the Vaca Muerta formation. The abundance of these fossils led early geologists to nickname the area "Vaca Muerta" or Dead Cow. The name stuck and became official after large petroleum reserves were discovered in the Vaca Muerta shale rock in the late 20th century.
The idea was presented to Massa last week by computer scientist Santiago Siri. It involves utilizing surplus gas from Vaca Muerta, a major shale oil and gas deposit in western Argentina, to power bitcoin mining operations. Supporters say it would allow the gas to be put to productive use rather than being flared or vented.https://decrypt.co/204164/argentina-presidential-hopeful-wants-to-mine-bitcoin-from-dead-cow?
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