Avalon Nano 3 [unofficial thread]

[joker_josue]

The problem is with my energy cost, which is around €0.17/kWh. Do I think it will be viable?

It depends; if you have a shed or a small guest bathroom that is heated with electricity anyway for instance, you don't burn any more money when switching from a resistive to a 'semiconductor-based' electric heater.

No... I use the heater very little. So, in reality it would be an extra daily consumption.

The consumption is 140w per hour, right?
Well, accounts can also vary based on the value of Bitcoin. Today it may not be very profitable and tomorrow it will be.

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[n0nce]

No... I use the heater very little. So, in reality it would be an extra daily consumption.

I'm not sure if this device would allow to run 'only when needed' e.g. controlled by a thermostat or a schedule.

The consumption is 140w per hour, right?

Should be around the 100W mark, so if you run it 24/7 at $0.17 per kWh, that's 12 bucks a month.

Well, accounts can also vary based on the value of Bitcoin. Today it may not be very profitable and tomorrow it will be.

I'd like to reiterate that (especially low-power) home mining is typically not going to turn a profit. Due to residential energy prices, proportionally higher purchase price of small miners and older ASIC chips used.
Sure, you can stack those sats and sell them in the future when they're worth more, but then you could also just buy small portions of BTC every day.

[joker_josue]

Sure, you can stack those sats and sell them in the future when they're worth more, but then you could also just buy small portions of BTC every day.

That is true. How much Bitcoin could I earn by directly purchasing $15 per month of BTC; or how much BTC would collect in a month with mining having the same cost.

About 4TH would give you how much BTC currently, for an average month? So a few sums up, you get around 0.00024465 BTC / 9.62 USD. Less than buying directly.

[philipma1957]

Sure, you can stack those sats and sell them in the future when they're worth more, but then you could also just buy small portions of BTC every day.

That is true. How much Bitcoin could I earn by directly purchasing $15 per month of BTC; or how much BTC would collect in a month with mining having the same cost.

About 4TH would give you how much BTC currently, for an average month? So a few sums up, you get around 0.00024465 BTC / 9.62 USD. Less than buying directly.

yeah if kraken.com is allowed in your country you could put cash in say 100 euro every 4 months

buy 25 euro a month

do this for a year and pull the coins out 2 times a year.

[Shir0kuma]

How much Bitcoin could I earn by directly purchasing $15 per month of BTC; or how much BTC would collect in a month with mining having the same cost.

About 4TH would give you how much BTC currently, for an average month? So a few sums up, you get around 0.00024465 BTC / 9.62 USD. Less than buying directly.

on coinwarz.com, you can calculate that, today, with 4TH/s you can earn ~700 sat /day. but it will turn to ~400sat/day after the halving in april.

you can use exchanges like crypto.com or Bybit that allow you to DCA with little amount. You can set the frequency, the amount, and the duration.

Now, 15bucks are approximately 35000 sats. it is better that 700x30 = 21000 sats with mining.

BUT, you can see things differently. If you run the nano 3 at 65W, on a "solo pool", it will cost you 8.22$/month, and you will earn zero. However, if you find a block (you are a very lucky man) it will be ~4BTC instant.(after halving).
It is a lottery ticket that run every 10 minutes.

[joker_josue]

BUT, you can see things differently. If you run the nano 3 at 65W, on a "solo pool", it will cost you 8.22$/month, and you will earn zero. However, if you find a block (you are a very lucky man) it will be ~4BTC instant.(after halving).
It is a lottery ticket that run every 10 minutes.

I don't think it's possible to change the pool you see predefined on the equipment. At least for now.

But, without a doubt, it is a different analytical perspective. If it is possible, it would even be interesting to try.

[n0nce]

Sure, you can stack those sats and sell them in the future when they're worth more, but then you could also just buy small portions of BTC every day.

That is true. How much Bitcoin could I earn by directly purchasing $15 per month of BTC; or how much BTC would collect in a month with mining having the same cost.

Purchasing BTC directly is usually going to be cheaper than mining with most micro-miners and residential electricity.

About 4TH would give you how much BTC currently, for an average month? So a few sums up, you get around 0.00024465 BTC / 9.62 USD. Less than buying directly.

Exactly; that's true (even more true) with comparable devices, though. As shown in the efficiency chart from my original post, only the last few generations of industrial miners have a lower energy per hash ratio, i.e. higher hashrate per unit of power. And again, residential electricity prices suck, especially in Europe.

BUT, you can see things differently. If you run the nano 3 at 65W, on a "solo pool", it will cost you 8.22$/month, and you will earn zero. However, if you find a block (you are a very lucky man) it will be ~4BTC instant.(after halving).
It is a lottery ticket that run every 10 minutes.

I don't think it's possible to change the pool you see predefined on the equipment. At least for now.

They did already change it; I wrote about that on page 1. Lottery mining is definitely an option, or just mine 'at a loss' i.e. lose some $ compared to DCA, but help with decentralizing hashpower. See it as a cheap contribution to the stability of Bitcoin. Also consider you still 'get' the heat output, if you have a need for it.

[philipma1957]

Sure, you can stack those sats and sell them in the future when they're worth more, but then you could also just buy small portions of BTC every day.

That is true. How much Bitcoin could I earn by directly purchasing $15 per month of BTC; or how much BTC would collect in a month with mining having the same cost.

Purchasing BTC directly is usually going to be cheaper than mining with most micro-miners and residential electricity.

About 4TH would give you how much BTC currently, for an average month? So a few sums up, you get around 0.00024465 BTC / 9.62 USD. Less than buying directly.

Exactly; that's true (even more true) with comparable devices, though. As shown in the efficiency chart from my original post, only the last few generations of industrial miners have a lower energy per hash ratio, i.e. higher hashrate per unit of power. And again, residential electricity prices suck, especially in Europe.

BUT, you can see things differently. If you run the nano 3 at 65W, on a "solo pool", it will cost you 8.22$/month, and you will earn zero. However, if you find a block (you are a very lucky man) it will be ~4BTC instant.(after halving).
It is a lottery ticket that run every 10 minutes.

I don't think it's possible to change the pool you see predefined on the equipment. At least for now.

They did already change it; I wrote about that on page 1. Lottery mining is definitely an option, or just mine 'at a loss' i.e. lose some $ compared to DCA, but help with decentralizing hashpower. See it as a cheap contribution to the stability of Bitcoin. Also consider you still 'get' the heat output, if you have a need for it.

I checked out buying one it appeared to be 100+37 shipping+25tip = 162 usd

I will likely run a 1 board s19 instead or a 2 board whatsminer m50

[joker_josue]

They did already change it; I wrote about that on page 1. Lottery mining is definitely an option, or just mine 'at a loss' i.e. lose some $ compared to DCA, but help with decentralizing hashpower. See it as a cheap contribution to the stability of Bitcoin. Also consider you still 'get' the heat output, if you have a need for it.

If you live in a colder country, or in a colder region of the country, you will certainly enjoy it. But I live in an area of the country where, generally in winter, the lowest temperature is around 8-10º (during the day). And for example, a "heat wave" is expected next week, with temperatures expected to reach 24º in the middle of winter.

Therefore, it is rare to use a heater, which reduces the advantage this equipment would have.

[philipma1957]

They did already change it; I wrote about that on page 1. Lottery mining is definitely an option, or just mine 'at a loss' i.e. lose some $ compared to DCA, but help with decentralizing hashpower. See it as a cheap contribution to the stability of Bitcoin. Also consider you still 'get' the heat output, if you have a need for it.

If you live in a colder country, or in a colder region of the country, you will certainly enjoy it. But I live in an area of the country where, generally in winter, the lowest temperature is around 8-10º (during the day). And for example, a "heat wave" is expected next week, with temperatures expected to reach 24º in the middle of winter.

Therefore, it is rare to use a heater, which reduces the advantage this equipment would have.

If I get one I likely would do so only if I can point it to viabtc.

I would likely mine XEC not BTC.

Stack a few million XEC coins and trade them for btc

it is likely stupid

it likely will lose money but maybe XEC has a big move up.

[n0nce]

I checked out buying one it appeared to be 100+37 shipping+25tip = 162 usd

I will likely run a 1 board s19 instead or a 2 board whatsminer m50

Can you just get these big industrial miners with not all boards populated? And what are the stats on these in terms of purchase price and power consumption per hashboard? Sounds like a good idea for home mining, if the reduced power draw / heat output means they can be run with lower fan speeds.

Or would you piece them together from existing gear you already own as someone more experienced and equipped in mining stuff?

They did already change it; I wrote about that on page 1. Lottery mining is definitely an option, or just mine 'at a loss' i.e. lose some $ compared to DCA, but help with decentralizing hashpower. See it as a cheap contribution to the stability of Bitcoin. Also consider you still 'get' the heat output, if you have a need for it.

If you live in a colder country, or in a colder region of the country, you will certainly enjoy it. But I live in an area of the country where, generally in winter, the lowest temperature is around 8-10º (during the day). And for example, a "heat wave" is expected next week, with temperatures expected to reach 24º in the middle of winter.

Therefore, it is rare to use a heater, which reduces the advantage this equipment would have.

I agree, especially when talking about this miner in particular, but think about water heating. Some people started replacing boilers and tankless water heaters with ASIC-based solutions, although to the best of my knowledge that's all still custom / DIY territory.

[philipma1957]

I checked out buying one it appeared to be 100+37 shipping+25tip = 162 usd

I will likely run a 1 board s19 instead or a 2 board whatsminer m50

Can you just get these big industrial miners with not all boards populated? And what are the stats on these in terms of purchase price and power consumption per hashboard? Sounds like a good idea for home mining, if the reduced power draw / heat output means they can be run with lower fan speeds.

Or would you piece them together from existing gear you already own as someone more experienced and equipped in mining stuff?

They did already change it; I wrote about that on page 1. Lottery mining is definitely an option, or just mine 'at a loss' i.e. lose some $ compared to DCA, but help with decentralizing hashpower. See it as a cheap contribution to the stability of Bitcoin. Also consider you still 'get' the heat output, if you have a need for it.

If you live in a colder country, or in a colder region of the country, you will certainly enjoy it. But I live in an area of the country where, generally in winter, the lowest temperature is around 8-10º (during the day). And for example, a "heat wave" is expected next week, with temperatures expected to reach 24º in the middle of winter.

Therefore, it is rare to use a heater, which reduces the advantage this equipment would have.

I agree, especially when talking about this miner in particular, but think about water heating. Some people started replacing boilers and tankless water heaters with ASIC-based solutions, although to the best of my knowledge that's all still custom / DIY territory.

Okay I have a m50 with a dead dashboard   2200 watts and 75 th is 2200/75 = 29.3 watts a th




I would play with it. It is set to high. does 2200 watts and its loud

but set freq to -15% and we will see what it will do.

I may show it off next week.

I may make 2 as I have a lot of m20S cases.

I think I have a spare psu.

So with luck I end up with 2 one board m50's .

They will need 220-250 volt power
Maybe 28th at 800 watts   

they would be a decent home miner.

I will start a thread on this in a week

[n0nce]

Okay I have a m50 with a dead dashboard   2200 watts and 75 th is 2200/75 = 29.3 watts a th

[...]

So with luck I end up with 2 one board m50's .

They will need 220-250 volt power
Maybe 28th at 800 watts   

they would be a decent home miner.

I will start a thread on this in a week

The efficiency figures look good, but I'm sure for anyone just getting started, this would be a much bigger initial investment (since you brought up the Avalon Nano 3 price) and ~10x higher power bill, right? I don't fully get your point about the price.

We should keep in mind that if someone's 'losing' money compared to DCA with a 29J/TH 100W Avalon, they're going to lose proportionally as much with a 29J/TH M50.
I.e. if you pay $15 in electricity for $9 in BTC with the Nano 3, you're at a -40% loss, but it's just 6 bucks; with 8x the power and hashrate, you pay $120 a month for $72 in BTC ($48 loss) - same proportionally, but a lot more real money 'lost' each month.

[joker_josue]

I would play with it. It is set to high. does 2200 watts and its loud

but set freq to -15% and we will see what it will do.

I may show it off next week.

I may make 2 as I have a lot of m20S cases.

I think I have a spare psu.

So with luck I end up with 2 one board m50's .

They will need 220-250 volt power
Maybe 28th at 800 watts   

they would be a decent home miner.

I will start a thread on this in a week

That's what would be interesting, a solution with domestic miners in mind.
It is not to become rich or have a large source of profit, but to be able to collaborate with the network without a large investment or loss of money.

When you created this topic, let me know that I'll want to follow along! 

[philipma1957]

Okay I have a m50 with a dead dashboard   2200 watts and 75 th is 2200/75 = 29.3 watts a th

[...]

So with luck I end up with 2 one board m50's .

They will need 220-250 volt power
Maybe 28th at 800 watts   

they would be a decent home miner.

I will start a thread on this in a week

The efficiency figures look good, but I'm sure for anyone just getting started, this would be a much bigger initial investment (since you brought up the Avalon Nano 3 price) and ~10x higher power bill, right? I don't fully get your point about the price.

We should keep in mind that if someone's 'losing' money compared to DCA with a 29J/TH 100W Avalon, they're going to lose proportionally as much with a 29J/TH M50.
I.e. if you pay $15 in electricity for $9 in BTC with the Nano 3, you're at a -40% loss, but it's just 6 bucks; with 8x the power and hashrate, you pay $120 a month for $72 in BTC ($48 loss) - same proportionally, but a lot more real money 'lost' each month.

Absolutely have a large miner scaled back will be essentially worthless to many.

If you want to mine in your home and are over 20 cents usd a kwatt the Nano pointed to solo ckpool makes sense.

But if you want to stack coins with no kyc and have a need for heat a modded m50 or s19 is viable.

I have a s19 braiins controller from Altairtech.io

https://altairtech.io/product/bcb/

I have a s19 offline in home for testing and repair.

I will get it online today and start a thread tomorrow

[DaveF]

...But if you want to stack coins with no kyc and have a need for heat a modded m50 or s19 is viable....

Even with the mods, unless you know something I don't, you still have to get 220V to wherever you want the heat.
I am using a modded S9 for heat in the back room of the condo at the moment, would love to do something faster / more efficient but it's all 120V without doing a bunch of work.

-Dave

[philipma1957]

...But if you want to stack coins with no kyc and have a need for heat a modded m50 or s19 is viable....

Even with the mods, unless you know something I don't, you still have to get 220V to wherever you want the heat.
I am using a modded S9 for heat in the back room of the condo at the moment, would love to do something faster / more efficient but it's all 120V without doing a bunch of work.

-Dave

If you get them under 1000 watts and I can. you can use a buck boost transformer.

the key is stay under 1000 watts.

[Shir0kuma]

It is confirmed, the nano 3 will be compatible "out of the box" with solo pools !!

[miguelik]

The problem is with my energy cost, which is around €0.17/kWh. Do I think it will be viable?

It depends; if you have a shed or a small guest bathroom that is heated with electricity anyway for instance, you don't burn any more money when switching from a resistive to a 'semiconductor-based' electric heater.


I just checked their Indiegogo updates page and there was an update only a few minutes ago. They make the housing in other colors now, which I find unnecessary, but what's more exciting is that they finished making some demo units and started production.

To buy this miner, shall I buy it directly through here

https://www.indiegogo.com/projects/avalon-nano-3-blockchain-smart-home#/

Says 120EUR includes PSU?

Is this website reliable?

Thanks

[joker_josue]

It is confirmed, the nano 3 will be compatible "out of the box" with solo pools !!

And do you feel it release a lot of heat, or not at all?

To buy this miner, shall I buy it directly through here

https://www.indiegogo.com/projects/avalon-nano-3-blockchain-smart-home#/

Says 120EUR includes PSU?

Is this website reliable?

Thanks

This site is completely trustworthy. On this site you have to trust the seller. This is one of the biggest crowdfunding sites out there.