/r/BitcoinMining
The official bitcoin mining forum / subreddit / chat room / place to be!
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THINKING OF PRE-ORDERING?
READ THESE SCARY STORIES FIRST! (us mods tell them to our kids around the campfire)
FAQ
Can I mine using this old hardware? (CPU? GPU? Abacus?)
How to get a refund via PayPal for your Pre-Ordered mining equipment?
RULES
No "FOR SALE" posts. Feel free to hawk your wares in our sister subreddit /r/BitMarket - this means no goup buys as well. As common as it is in Bitcoin Mining, it is far to risky to be carried out over reddit.
No verbal abuse. If you don't have anything nice to say, it's best not to say anything at all. Remember, we were all newbies once. Mining isn't exactly a trivial venture.
No Referral Links. No Amazon/eBay referral links. No mining pool referral links. No mining contract referral links. No referral links, period.
No Promoting New Alt Coins. If there is a new alt coin out, this is not the place to discuss or promote it. If you have questions about mining that alt coin, feel free to ask away!
No short-URLs. Nobody should have to trust you before clicking on a link. URL-shortener services serve no use on Reddit as there is nothing restricting the size of your comment string.
No begging. Do not ask for other people to mine for your address. Do not beg for donations simply for lending a helping hand.
Anybody caught violating the rules will be banned on sight. If you notice somebody abusing the subreddit rules, please message the moderators with the permalink in question.
All members of the BitcoinMining subreddit are expected to read and follow the Official Reddit Rules as well as the informal Reddiquette guidelines. Likewise, all moderators of this subreddit do follow the Modiquette.
POOLS
Comparison of all mining pools on the official Bitcoin wiki
ABOUT
Want some help with your mining rig?
Don't know which ASIC miner to buy?
Have a question or interesting post about Bitcoin mining in general?
Well hello friend! And welcome to /r/BitcoinMining!
/u/subcypher's Inspired Greatest Quotes of All Time
I run small, outdated miners at a loss pointed at a P2Pool node because I like to do so. -/u/subcypher
RELATED SUBREDDITS
/r/Bitcoin is aimed towards general Bitcoin related discussion.
/r/BitcoinTechnology contains anything technical (i.e. code, proposals, whitepapers, hardware, questions) relating to Bitcoin.
/r/BitMarket is where you go to buy and sell things for Bitcoin.
/r/BitcoinMining
Hey guys,
Looking to get miner for my room I dont use in my apartmant, I have ac in that room.
Under 50 decibels would do, any suggestions?
Win $100 in $BTC with our #Bitcoin Halving contest!
🥇1st: $100,
✨3 runners-up: $50 each.
To enter Follow @KodomaOfficial & @PantheonMining, like & RT this, like our pinned tweet on Pantheon.
Ends on 19 April at noon; winners announced on 22 April.
If I use the cloud for mining bitcoin ,how much could I earn and how much will be my cost? Any ideas how to do this for where I could find info?
Title.
So the long story short is I own a plot of land. I told an "expert" this plot of land has had no irrigation installed, no plumbing, no electrical infrastructure, no transformers built to handle large loads, nothing. Just. A. Plot. Of. Land. It's close enough to the coast to pump water from the ocean to use for cooling. This expert informed me that it is big enough for 20 liquid-cooled bitmain containers.
Other details:
Other questions:
Answers appreciated! Please note: I'm only "exploring" this idea and not commiting to anything yet. I'm also aware of things like difficulty adjustments affecting profits later down the road.
First of all, I would like to know if asicminervalue.com shows (relatively) accurate results? As most of my research is based on that, a little price fluctuation is expected, but roughly does it give a good estimate?
I am thinking about investing in a Solar setup purely for bitcoin mining at small scale. So far, I have looked into the S19 Pro+ hyd from bitmains website, and the corresponding solar setup (~6kw supply) would come to be around 4,000-4,500$ where I am, making the overall estimate to be around 7,000$ (rough figures, but close).
My question is, if I invest 7,000$ in this setup, asicminervalue gives an estimate of 6700$ (0 cost for electricity, solar). Is that figure anything close to real world values?
I am an engineer and have experience with solar, inverters etc, so I know I need more solar than what I consume, battery backup if I want to run it at night, etc. Those are not my concerns. The main thing is if I provide full power to the miner, how much returns will I get in a year? Is it worth the effort?
I know BTC is halving soon, and I will revisit my calculations after some time to see, and I know the profits of mining also vary with BTC market price. Basically I was thinking of getting a setup like this and having it as a source of passive income on the side, maybe I can re-invest and get more miners but thats for the future. Right now I want to see if it is viable having such a miner with the solar setup, and is it worth the effort?
I also see people saying XMR is more energy efficient in mining? I have used XMR and tried mining on my PC but it was just out of curiosity. Is it better getting a dedicated PC / RandomX miner and mining XMR in this scenario? Most people on the XMR subs say that its not profitable and they mine to support the network, so I wasn’t really keen on that, but I may be wrong.
Hi all, I've been getting really interested in mining BTC, been doing some reading. Not really for the profit (at least starting out) as I expect that'll be low. I'm more just wanting to contribute to the continued decentralization of the network, as it seems like certain mining companies are getting really big and that has me a little concerned for the future.
Anyway, is there a minimum hash rate required to join typical pools? I want to place an order for an ASIC, but there are several options and idk what TH/S I should be targeting in order to a) get accepted to mining pools, and b) ensure I won't get booted from the mining pools in the future as the hardware advances and greater processing power is required.
Also, I'm looking at wattum.io and I see some models with exact same name but different hash rates. What's up with that? There's a Bitmain Antminer S19J Pro+ with 117 TH/S, and another exact same model with 120 TH/S for $50 more. wtf
I used to manage and maintain Bitcoin mining sites throughout Alberta Canada, some big some small.
If you are looking to start a new mine, and are having troubles figuring out the infrastructure, send me a message. I can provide the advice and guidance to get you a successful and secure mining venture.
My price is negotiable.
I'm no computer chip designer but I do have some programming experience and GPT4.
I don't know the layout of an ASIC for mining a specific algorithm but I'm sure it has to be simpler than a CPU and GPU.
Does anyone have experience with this sort of thing?
Hey guys I just saw on youtube some kind of nano miner from avalon? Is that legit?
Im a sailor and I dont have to pay bills for electricity so Im thinking to install something like this in my cabin and make some extra cash but not to be to noisy?
Do you have some advice, recommendation?
Just moved into a big shared housing place where everyone has fixed electric bills and it‘s not really able to be tracked down which person spends how much.
What would be the best way/device to get started making some extra money on the side? Device shouldnt be too big since space is kinda limited (max size would be like 2 Gaming PCs)
Here's my problem. My Wi-Fi router doesn't support ethernet connection. Therefore, making it impossible to use the ant.Minor S9 from what I can tell Is there any way for me to connect this miner to my computer directly to set it up? Or am I fucked
Hi I’m fairly new to mining(about 6 months now) and have run into a dilema with the halving coming up.
I currently have free electricity and about 1300w at 120v and 2700w at 240v already set up and mining on a s9 and s17+ respectively. I could possibly go up to maybe 3000w on the 240v but I am using the same circuit the dryer is on so I have to be careful about that.
So should I keep my setup or look into upgrading and what to upgrade to?
Thoughts on this? Looking to grab an s21. I'm aware the halving will cut profit in half but is that to be said about btc if it will pump or not? Quite a gamble but let me hear your thoughts. Please don't tell me to buy coin.
I have been mining for a couple of years and recently moved everything under an LLC. I would like to know which crypto exchange everybody uses when mining as a company.
Coinbase Prime charges $1000 for onboarding a business account. I am not a fan of the fee.
​
Because the SHA256 algorithm limits the types of currencies that the miners can mine.
BCH and SPACE are using the SHA256 algorithm also. Will they be the better choice?
M30s+ 32w 96 / 98T 7.7U/T
M30s+ 32w 100 / 102 / 104 / 106T 8.3U/T
M30s+ 34w 92 / 94 / 96T 6.7U/T
M30s+ 34w 102T 7.7U/T
M30s+ 36w 92 / 94 / 96T 6.5U/T
M30s+ 38w 88T 6.2U/T
M30s++ 32w 98T 8.4U/T
M30s++ 32w 104T 8.5U/T
M30s++ 32w 108T 8.7U/T
M30s++ 31w 98 / 100T 8.4U/T
M30s++ 31w 102 / 104T 8.6U/T
M30s++ 31w 108T 8.8U/T
M50
M50 28w 112T 10.9U/T
M50 28w 114T 10.9U/T
M50 28w 116T 10.9U/T
M50 28w 118T 11U/T
M50 28w 120T 11.1U/T
M50 28w 122T 11.1U/T
M50 28w 124T 11.1U/T
Hey guys,
I have about $2000 and looking for a Bitcoin ASIC Miner.
The brand doesn't matter, and I have my location to run it. Planning to buy it after the halving.
Any suggestions? Already running 3 S19 and one S19j Pro, looking for higher efficiency miners.
Thanks!!
So far I have 1 M31s+ that I purchased through Compass Mining and despite what I’ve seen online (long time to setup), mine got setup in less than a week and I’ve experienced basically no down time for 3 months (maybe an hour max). I’m thinking of now purchasing an S19J and I know that the halving is coming up but what are your thoughts? Is 780 for the whole package good, seems like fair pricing. Just need advice here.
How do I file my taxes though viaBTC mining Pool? Any advice? Any guidance? I’m also trying use TurboTax.. my apologies.. newbie
So the halving is near and i really wanted to have a side income. My E costs are around .0845$ per unit. I will only use in winter months. Oct-March. but might run for 8 hours a day in may-sep. The rig with 1 year warranty is costing me before halving @ 2261$ and 214$ for other electrical equipment costs.
I know before havling i am getting $308.93 profit per month. ( $467.90 income and 158.98 electricity cost)
https://minetheasic.com/bitmain-bitmain-s19k-pro
Buying bitcoin here is a pain in the butt as USDT is at 10-15% premium and by the time i convert to BTC i loose around 15-20$ of original amount.
I live in a high temp country and only from oct month the weather goes below 77(25) degree F. By the way and govt has blocked all exchanges(binance,okx,bybit but i can use it via vpn). Buying p2p via exchanges is the only way.
if you're not paying any electricity and if your miner is very powerful?