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Author Topic: Ultra-Low-Cost DIY FPGA Miner - 175MH/s @ $1/MH  (Read 125854 times)
WLColsher
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June 05, 2022, 12:39:23 PM
 #261

Did this project ever end up mining crypto?

If so I would like to buy one Smiley

This thread is 9+ years old when BTC was MUCH easier - see the comment above: BTC was around $100 or less then.

Things are very different now.

As an example, I have a dual FutureBit system running (one full node and one standard) which averages a bit more than 6 gHash or (about) 6,000 mHash. That rig generates about 0.00017 BTC per week or about $5.00 USD. At current BTC prices that's a few cents more than the electricity it costs to run. A single FutureBit full node costs $899 for 3 gHash or about $0.30/ mHash. At this level it's basically a hobby with the hope that "stacking sats" will pay off sometime in the indefinite future.

Bottom line: DIY FPGA mining at that level is a lot of work for zero return.

All that said... if you enjoy DIY electronics (I build Eurorack synth modules "for fun", LOL) and are reasonably competent/confident with modern software development tools, building a small miner could be an interesting project. There are a number of reasonably recent videos on YouTube documenting such projects and you can find PCB layouts, software, etc. on github.

For example: https://www.youtube.com/watch?v=M_AocgfvTIs&t=290s

Good Luck!
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nullama
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June 07, 2022, 02:33:44 PM
 #262

~snip~
This thread is 9+ years old when BTC was MUCH easier - see the comment above: BTC was around $100 or less then.

Things are very different now.

As an example, I have a dual FutureBit system running (one full node and one standard) which averages a bit more than 6 gHash or (about) 6,000 mHash. That rig generates about 0.00017 BTC per week or about $5.00 USD. At current BTC prices that's a few cents more than the electricity it costs to run. A single FutureBit full node costs $899 for 3 gHash or about $0.30/ mHash. At this level it's basically a hobby with the hope that "stacking sats" will pay off sometime in the indefinite future.

Bottom line: DIY FPGA mining at that level is a lot of work for zero return.

All that said... if you enjoy DIY electronics (I build Eurorack synth modules "for fun", LOL) and are reasonably competent/confident with modern software development tools, building a small miner could be an interesting project. There are a number of reasonably recent videos on YouTube documenting such projects and you can find PCB layouts, software, etc. on github.

For example: https://www.youtube.com/watch?v=M_AocgfvTIs&t=290s

Good Luck!


Well, the thing is that mining Bitcoin has usually been difficult, at the time, lots of hardware work for relatively low pay.

For example, the initial CPU miners were extremely inefficient, and Bitcoin was worth almost nothing. So all those miners mined for almost nothing.

The same is true today, and it has usually been the case in the entire Bitcoin mining history. At the time you're mining basically at cost or close to it. Sometimes a bit better, and sometimes a bit worse, but around the cost of production.

You also now have the concept of lottery mining, which wasn't even a thing back then, you had to wait a decade or so to see the value increase, now you can just get lucky and earn a lot of money mining.

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kano
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June 25, 2022, 12:10:47 AM
 #263

Um, even the title explains why this is pointless.
$1/MH

If you buy an old S9 for (overprice) $200, then that's $200 for 13000000MHs
(yes that is the correct number of zeros)

So that S9 gives you $1/65000MH

i.e. this project is 65000 times more expensive than buying an old slow out of date S9 ...

... of course it's worse than that since I rounded the numbers in the direction that makes the S9 figures worse
e.g. an S9 should cost under $200 and should do over 13TH/s

Pool: https://kano.is - low 0.5% fee PPLNS 3 Days - Most reliable Solo with ONLY 0.5% fee   Bitcointalk thread: Forum
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The ONLY active original developer of cgminer. Original master git: https://github.com/kanoi/cgminer
ahgmx01
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July 15, 2022, 07:12:45 AM
 #264

Interestingly, ASIC technology is always faster and more efficient, but FPGAs, like GPUs, are versatile.  Wink
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