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Thank you all for the responses.
I like having a miner to support the network, and get KYC free coin... Even if I am only breaking even, or taking a small loss.
Pretty soon I think I will end up selling the rig.
Anyone know of a miner that mines quietly similar to the futurebit Apollo, but with more hash?
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I have a futurebit Apollo miner. Mines at about 3TH.
I bought it about a year and a half ago. Initially it mines about 1,000 sats a day. However, over time it kept going down. As of now it's averaging about 600 sats a day.
Why is it mining less? The halving hasn't happened yet
Also, I have been mining with Braiins pool the entire time, if that makes any difference
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This is a mistake by the person that make the transaction, not the mempool congestion. Mempool can not be that congested for people to pay such fee. Paying one address from one input takes just less than $6 right now at fee rate of 104 sat/vbyte.
Thank you for the response. But even a $5 fee to make a simple transaction seems high. Even if it was only $1 it would be high. If Bitcoin is meant to be an alternative to fiat, wouldn't the fees need to be only a few tenths of a cent to make it an everyday currency to use? |
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I saw recently that a transaction was done where the transaction fees were 83.65 BTC to move 139.42btc.
With transaction fees like this, and traffic inevitably going up over the years, will Bitcoin become unaffordable to use?
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We have to imagine some life mystery as we are living, have you asked yourself of investment profit and investment loss. The mystery is behind the both when it occurs. Right now I'm thinking to myself of my investment and if only investment i have is bitcoin, and when I'm no more who will manage my bitcoin investment and how will my family know about my bitcoin investment, when I was ill, I was asking myself series of questions in my mind.
> should I show my family my seed phrase ?
> If I die who will take over my bitcoin since nobody knows my seed phrase?
So I'm asking if it will be good to show any of your family person your seed phrase or should we keep having the secret of your seed phrase personal.
Create a will. Leave the Bitcoin to whoever you want. As for the see phrase, leave clues to the family member to figure out what it is. Or just straight up tell them the seedphrase in the will. |
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I posted this on another thread, but it seems more appropriate here.
It seems to be pretty neutral at the moment. But everyone seems to think that the halving next year will trigger a massive bull rally, and this confuses me.
If everyone already knows about the halving, the wouldn't it be baked in? I seem to be the only one that thinks it ain't gonna make a difference in the price
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It seems to be pretty neutral at the moment. But everyone seems to think that the halving next year will trigger a massive bull rally, and this confuses me.
If everyone already knows about the halving, the wouldn't it be baked in? I seem to be the only one that thinks it ain't gonna make a difference in the price
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I'm developing a series of standalone miners built around BM1387 & BM1397 asics and an ESP32-C3. I've been working on these for over 1 year now and I think I've got enough knowledge now to make a version that can be mass produced, the question I have now: is anyone interested in such a miner? The configuration I'm thinking of has the following properties: - Standalone, only a usb charger with 5V/3A needed and a wireless connection. - Single BM1397 asic. - Hash rate of 200GHs upto 250GHs (and more probably). - Power consumption out of the wall 8-15W (depending on efficiency of the charger and hash rate). - My own miner software (open source, in beta stage, fully working but lousy UI) based on Arduino libraries that allows manual on the fly voltage and frequency settings. - totally not worth running on a non-solo pool, but a cheap lottery ticket where you enter the drawing for free every 10 minutes for as long as you live(*).. I've designed my hardware around parts that are for sale on aliexpress, but for mass production I will have to redesign parts of it using components for sale at mouser.com , and I will need to find a company willing to produce them (a problem as the asics are not sold by any big electronics reseller), and also sell them. Currently I'm thinking of seeedstudio.com, but I haven't contacted them yet to see if they are both willing and capable (sourcing the bm1397's and soldering them on the backside of the pcb). There is also a open source version with bm1387 asics (that I could also redesign to use mouser parts) that you can built yourself (advanced electronic soldering capabilities/tools required). I have 6 prototypes running, live stats https://solo.ckpool.org/users/1KgwWwBh7qGtcWJ9ZRNTUbVCR1L2qYkzcy, 3 bm1387 versions (2 with 2 asics, one with 4 asics), and three single bm1397 versions (workernames containing 'test'). I started out designing the miners for personal use and therefor used parts from aliexpress but I'm so satisfied with them (they will run as long as the internet connection is up, and will reconnect in 99.9% of the cases when it is not, the 0.01% is caused by a quirk in the esp software) that *I think* others might be interested in them also. But it will require another hardware redesign which is not needed for my personal use miners. So, should I invest the time (and money) in this for you? Or is this a niche product? I have no idea what the retail price will be in the end, but the pcb hardware and assembly should not be much more than $50, add to that a margin the the sales & production, an included cooling solution (say $5 for the heatsink and another $2 for a fan, $x for 2 small 3D printed clips to mount everything) and that should be it. Comment in this topic if interested, or if you think this is stupid, you won't hurt my feelings as I have already got what I set out to achieve. (*) I'm not sure if any (solo) pool will support low hash rate miners in the future. Pool operators have to pay for their hardware and connection, and a low hash rate miner costs them as much as a complete mining farm. Maybe CK can answer that. ps: new forum user with (unknown to me) restrictions, my old user name got lost in 2016) edit: I've redesigned the miner to use standard parts, but sadly i'll have to make another one as one of the buck converters from mouser.com is apparently a fake  Anyway, I did some stress testing to see what it can handle and got this https://github.com/rapsacw/aSiNine-ESP-miner/blob/main/ui.pngI think there is interest in low power miners, especially if they're quiet, but 200GH is way too low. You won't mine anything with such little power. to gain any real interest, you will need to get the hash power in the range of 3-5 TH. And keep the noise below 50db. If you can accomplish that, you can probably sell the miner in the range of $750-$1,000. and be competitive with Futurebit If you could build a 220 watt machine that does 10th you would get buyers. You could also charge a premium. absolutely, why is anyone even discussing anything with less than 1TH at this point. Its a waste time and energy. What could you possibly mine, maybe 10 sats a day? The popular USB miner out there that currently does something like 300GH is a complete ripoff. People need to realize that, and stop promoting it But there are many home miners, like myself, who are open to the idea of a lower hash rate... 3, 5, 10TH machines. Especially if they are on the quieter side, and do not pull massive amounts of power. |
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I'm developing a series of standalone miners built around BM1387 & BM1397 asics and an ESP32-C3. I've been working on these for over 1 year now and I think I've got enough knowledge now to make a version that can be mass produced, the question I have now: is anyone interested in such a miner? The configuration I'm thinking of has the following properties: - Standalone, only a usb charger with 5V/3A needed and a wireless connection. - Single BM1397 asic. - Hash rate of 200GHs upto 250GHs (and more probably). - Power consumption out of the wall 8-15W (depending on efficiency of the charger and hash rate). - My own miner software (open source, in beta stage, fully working but lousy UI) based on Arduino libraries that allows manual on the fly voltage and frequency settings. - totally not worth running on a non-solo pool, but a cheap lottery ticket where you enter the drawing for free every 10 minutes for as long as you live(*).. I've designed my hardware around parts that are for sale on aliexpress, but for mass production I will have to redesign parts of it using components for sale at mouser.com , and I will need to find a company willing to produce them (a problem as the asics are not sold by any big electronics reseller), and also sell them. Currently I'm thinking of seeedstudio.com, but I haven't contacted them yet to see if they are both willing and capable (sourcing the bm1397's and soldering them on the backside of the pcb). There is also a open source version with bm1387 asics (that I could also redesign to use mouser parts) that you can built yourself (advanced electronic soldering capabilities/tools required). I have 6 prototypes running, live stats https://solo.ckpool.org/users/1KgwWwBh7qGtcWJ9ZRNTUbVCR1L2qYkzcy, 3 bm1387 versions (2 with 2 asics, one with 4 asics), and three single bm1397 versions (workernames containing 'test'). I started out designing the miners for personal use and therefor used parts from aliexpress but I'm so satisfied with them (they will run as long as the internet connection is up, and will reconnect in 99.9% of the cases when it is not, the 0.01% is caused by a quirk in the esp software) that *I think* others might be interested in them also. But it will require another hardware redesign which is not needed for my personal use miners. So, should I invest the time (and money) in this for you? Or is this a niche product? I have no idea what the retail price will be in the end, but the pcb hardware and assembly should not be much more than $50, add to that a margin the the sales & production, an included cooling solution (say $5 for the heatsink and another $2 for a fan, $x for 2 small 3D printed clips to mount everything) and that should be it. Comment in this topic if interested, or if you think this is stupid, you won't hurt my feelings as I have already got what I set out to achieve. (*) I'm not sure if any (solo) pool will support low hash rate miners in the future. Pool operators have to pay for their hardware and connection, and a low hash rate miner costs them as much as a complete mining farm. Maybe CK can answer that. ps: new forum user with (unknown to me) restrictions, my old user name got lost in 2016) edit: I've redesigned the miner to use standard parts, but sadly i'll have to make another one as one of the buck converters from mouser.com is apparently a fake Anyway, I did some stress testing to see what it can handle and got this https://github.com/rapsacw/aSiNine-ESP-miner/blob/main/ui.pngI think there is interest in low power miners, especially if they're quiet, but 200GH is way too low. You won't mine anything with such little power. to gain any real interest, you will need to get the hash power in the range of 3-5 TH. And keep the noise below 50db. If you can accomplish that, you can probably sell the miner in the range of $750-$1,000. and be competitive with Futurebit |
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Have you ever tried to mine on other pools to test? Have you tried to check the system for logs? I don't know how to pull out the logs from this unit so I think it would be better if you bring this issue to futurebit support section from this link below. - https://bitcointalk.org/index.php?topic=5340015.0I have not tried a different pool, I might try that to see what happens. It seems like its mechanical though. When it happens, the fan gets real loud, and the machine gets "knocked off the network". When I try to turn the monitor on to reset it, the monitor doesnt get a signal from the miner, so I have to turn the power off manually (such as pulling the plug), to reboot the miner. thank you for your help, I think I will email futurebit to see if this is known issue |
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What pool do you mine?
It maybe the pool server is recently down?
It would be better if you check the logs of your unit and post the logs here and maybe you can get more idea what the cause of this problem.
Sometimes high spike of hardware error is cause by overheating issue.
I mine with Braiins Pool the pool server was not down. during the 8 hours my miner was down last night, the pool found two blocks how do I check the logs? I looked at the dashboard, and the closest thing I found was something called "raw stats" I was thinking it was an overheating issue too when it got knocked offline yesterday too. it was a hot day, and the house got up to 82 degrees. but last night, the AC was running, and i bring the house down to 72degrees. |
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I have a future it Apollo Btc miner. It is only about a year old. It malfunctioned and got disconnected from the mining pool twice in the past 24 hours.
Any thoughts on what would typically cause this? The only thing h
That it tells me, is that the hardware errors spiked pretty high, but no specifics.
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For now, Lightning Network helps tremendously. What needs to be done is that more people use SwgWit addresses and LN whenever possible. More people mining wouldn’t help. It just decreases block time for a while until the difficulty is readjusted. Bigger blocks? Ask BCH how that’s going for them. Bitcoin’s currently in the best form.
Can you explain to me how and why difficulty is adjusted? Who is the one adjusting it? Does the network automatically do this? Why not just keep the difficulty easier? Wouldn't that keep the congestion down? |
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Recently fees skyrocketed on the bitcoin network. If we ever want to have bitcoin be more than a meme investment, and to be an actual currency, fees need to be low, and transaction times need to be faster.
What is the solution? More people need to mine? Bigger blocks? Blocks generated more often?
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And the 6 million $ question is: the pool you mine at does pay those massive fees to their users right?  seems like like it, got over 500 sats from those blocks. usually average in the range of 250-300 sats |
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curious OP. What is your setup?
solo or pool?
I have a Futrebit Apollo miner, mining via Braiins Pool |
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did something change? the pool I mine with found 3 blocks with 11+ BTC in it today. When I went to mempool to look at some the recently mined blocks, there are several with 11 or 12 BTC in it.
Isn't the blocks supposed to only be 6.25 BTC right now?
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totally new to mining.
just got my apollo about a week ago (batch 4). Is it normal for it to disconnect from the WIFI every day? I have to manually reconnect it every evening. Sometimes I don't notice it for over an hour.
This evening it stopped sending data to the pool. never disconnected from the WIFI, but in order to fix it, I had to turn the miner off completely, and then turn it on again.
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howdy!
I bought a new Futurebit Apollo miner, and set it up this past week. Seems to be working good, except once every 24-26 hours or so, it disconnects from my WIFI, and I have to manually reconnect it (it won't automatically reconnect like other devices in my house).
Any thoughts on how to fix this?
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