|
921
|
Alternate cryptocurrencies / Mining (Altcoins) / Re: Is crypto mining still profitable?
|
on: August 30, 2023, 07:00:02 PM
|
well risk too big i think but sometimes when bull some coins is still low. maybe the timing needs here we know asic cheap now. we not much trust on this time if calculate wrong become bad.
Still less risky than buying an already very expensive mining gear at the peak of the bull market due to FOMO only for the coin prices, mining profitability and mining gear value to drop a few weeks later. In 2018-2019, when mining was unprofitable or low-profit, miners knew which coins to mine and most miners chose Ethereum. Now no one knows which coin to choose, because all these shitcoins for mining on video cards do not inspire confidence. And for current coins it is more profitable to use Nvidia 2xxx-3xxx series and AMD analogues. |
|
|
|
|
922
|
Alternate cryptocurrencies / Mining (Altcoins) / Re: Canxium (CAU) Offline Mining Beta Testing
|
on: August 30, 2023, 06:50:02 PM
|
 Since when does it take so many actions to mine a coin on the ethash algorithm? I don’t understand why mining this coin on video cards, when there are already many ASICs for this algorithm. There is no information about mining on the site, and I don’t want to look for information about mining the next Ethereum fork. |
|
|
|
|
923
|
Alternate cryptocurrencies / Mining (Altcoins) / Re: NEW Specification LEAKS Jasminer X16-P (5535MH)
|
on: August 30, 2023, 06:36:21 PM
|
I prefer not to complicate the mining and not contact the liquid, unless absolutely necessary. At certain points, liquid cooling allows you to overclock old ASICs very strongly and earn profit at an inexpensive price of electricity. But when liquid cooling increases costs and does not increase hashrate, then it is better to refuse it.
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 When the miner calculates the costs of communications and heating from mining, then most likely he will choose a good option for soundproofing the garage in winter. With such a system, you need to be a good plumber and electrician at the same time, because you will have to do a lot of things yourself. Otherwise it will be very expensive. |
|
|
|
|
926
|
Bitcoin / Mining / Re: Report: Prices of Mining One Bitcoin Worldwide
|
on: August 27, 2023, 02:23:22 PM
|
This means in the years to come this is gonna be problem. Since electricity cost is rising but block reward is decreasing.
There are also other factors to consider, which are alternative energy sources, bitcoin prices, and technological advancement. That being said, the market will always balance itself. Even in the current market people keep mining Bitcoin and increasing its difficulty even though the profit is likely small. At the very least this goes to show that some of them are betting that their earned rewards will be worth more in the future. Russia has a developed energy infrastructure, but already industrial miners are facing problems of lack of electricity. And in other countries, too, there are restrictions on consumption. Consumption in Russia at the end of the year by industrial miners alone could rise to 2.5 GW. Further, it will take 1-2 years to develop the infrastructure. |
|
|
|
|
929
|
Alternate cryptocurrencies / Mining (Altcoins) / Re: Radeon RX 7000
|
on: August 26, 2023, 05:20:51 PM
|
AMD announces its mid-range RX 7000 GPUs. The RX 7800 XT utilizes the full configuration of this GPU, featuring 60 CUs, 128 AI Accelerators, 16GB of GDDR6 memory clocked at 19.5 Gbps over a 256-bit bus. The card will therefore offer fewer cores than the last-gen RX 6800 XT (72 CUs). The GPU’s clock speed reaches up to 2430 MHz, and it consumes 263W of power.
Interestingly, the RX 7700 XT‘s specifications surpass expectations. It employs 54 CUs and 108 AI Accelerators, a notable improvement over the previous-gen RX 6700 XT with its 40 CUs. This model also utilizes 12GB of GDDR6 memory across a 192-bit bus, although its memory clock is slightly lower at 18 Gbps. Notably, the RX 7700 XT exhibits a higher TBP compared to the RX 6700 XT, with a 15W increase to 245W.https://videocardz.com/newz/amd-announces-radeon-rx-7800-xt-16gb-and-rx-7700-xt-12gb-graphics-cards
|
|
|
|
|
930
|
Bitcoin / Mining / Re: How can i start bitcoin mining?
|
on: August 26, 2023, 04:58:49 PM
|
The mentality most noobs out there and newbie in this forum is that bitcoin minning is simply getting free bitcoin giveaway. However, Bitcoin can simply be getting free bitcoin actually but that's when you complete some tasks using hardware to get a reward. I believe this should have been address by the professionals in the house so I don't need to dive into it  . I just want to cleart that minning isnot bitcoin giveaway for those that are still having similar mindset to BTC MINNING Today you do not need to be a professional for home mining. Enough basic knowledge about electrics and wiring, electricity limit at a good rate. I can’t and won’t be able to repair modern ASICs at home, so other repair masters will deal with the service. But the high power consumption of new asics will not allow them to be used at home in large quantities. |
|
|
|
|
931
|
Bitcoin / Mining / Re: Mining On 2023 from home
|
on: August 26, 2023, 04:52:02 PM
|
Hello Everyone!!
I post this topic to discuss what is the best mining devise to use for mining Bitcoin from home and what is the expected time period to get the investment back?
Experts please don't hesitate to share your thoughts.
I'm not condemning this but even you get the best miners there're other factor to be considered else you incur debt on your self even with the best miner .I don't know if I'm making some sense here He is going to mine from home, so his risks are in ASIC breakdowns or in a fire if the wiring is not done correctly. But at home it is impossible to put a lot of asics and it is desirable that asics be in a separate non-wooden room, a garage is well suited for this if there are no quickly flammable materials. |
|
|
|
|
932
|
Alternate cryptocurrencies / Altcoin Discussion / Re: ASIC or Anti-ASIC?
|
on: August 25, 2023, 04:26:45 PM
|
For POW coins, some people think that only anti-ASIC can be mined fairly, in order to prevent the concentration of hash rate and ensure decentralization. But other people hold the opposite view. They believe that it is ASIC that strengthens the security of coins. For CPU mining algorithms, large data centers or cloud computing vendors can easily launch 51% attacks.
Do you think anti-ASIC is necessary?
Any miner on video cards thinks that anti-Asic algorithms should be done  Monero coin can be mined on video cards without profit, and multi-core server processors give the highest profit, but data centers do not attack this coin.ASIC manufacturers and coin developers cooperate, and without this cooperation it is impossible to make ASICs for a coin. Developers can change the algorithm. |
|
|
|
|
933
|
Bitcoin / Mining / Re: Mining On 2023 from home
|
on: August 25, 2023, 04:12:43 PM
|
Hello Everyone!!
I post this topic to discuss what is the best mining devise to use for mining Bitcoin from home and what is the expected time period to get the investment back?
Experts please don't hesitate to share your thoughts.
well, first of all, you need to invest much in mining equipment + electricity costs. At this time, I'd prefer staking over mining First, you must have a well-equipped room with good energy consumption limits and a price no more than 6 cents per kilowatt. Otherwise, you might think that any investor with money can start mining. Otherwise, while you spend investments on finding such a place and equipping it, the profit may fall. |
|
|
|
|
934
|
Bitcoin / Mining / Re: The economy can make mining unprofitable.
|
on: August 25, 2023, 04:07:51 PM
|
It seems to me mining is not profitable by itself anymore. If during ETH era, it could bring 20$ per day, not it's not more than $6
Mining now is not profitable on video cards and FPGAS. Moreover, on FPGAS mining, everything is very bad with payback. Asics are a completely different topic and profit, but this is certainly not a business for home miners with small power consumption limits. Let's wait until the Bitcoin halving, perhaps there will be a demand for mining other coins and on video cards. |
|
|
|
|
935
|
Bitcoin / Mining / Re: USB Mining
|
on: August 25, 2023, 04:01:08 PM
|
So the conclusion is that USB miners are only for fun
To enrich the sellers of these miners. The buyer does not look at the profit of this device, because it is impossible to recoup. This can be compared to the bitcoin lottery, because one lucky person managed to catch a block of bitcoin in solo. I have not verified this information. |
|
|
|
|
939
|
Bitcoin / Mining / Re: USB Mining > ASIC
|
on: August 24, 2023, 07:13:44 PM
|
Hi dear community
alright after i post about the USB mining many people advice me to buy ASIC
Where are you buying it?
is there a tutorial for it?
To cover electricity and see some good earnings how many i need as a start?
I will advice you do some research on your electricity first, are you the one paying for electricity in your house? How much are you paying per KW? I think it's better to start with one miner first, you will be able to learn how to configure the miner to a mining pool like Nicehash or others, for a newbie it will first look impossible, I will share you a YouTube video where you can watch and learn, and you can also watch many others on YouTube, just type what type of video you want and you will get tutorial videos. https://youtu.be/RNCXULhef74Since others have tell you about bitmain's official website I think that's the best place to buy your Asic miner, they have a warranty too. If he uses a USB miner, he will not notice an increase in electricity costs. With such an ASIC, the probability of catching a block is only possible in theory, but this is a solution for quiet residential mining. And for big chances, you need to watch asics for solo mining. |
|
|
|
|
940
|
Bitcoin / Mining / Re: Report: Prices of Mining One Bitcoin Worldwide
|
on: August 24, 2023, 07:05:49 PM
|
|
In many countries there is still a lot of cheap hydro, atom, solar electricity, so miners will look for more favorable conditions for installing mining equipment. The volume of purchased electricity is also very important, because the prices in the wholesale markets do not increase as much as the tariffs for small customers.
|
|
|
|
|
Show Posts
