Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin Mining => Topic started by: philipma1957 on February 16, 2024, 02:20:18 AM
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I have 20 s19's that have 58 of 60 boards good. I am going to modify all my s19's into 1 boards 800 watt miners. They will use 120 volts and you can plug and play them in your home.
I found a source to make a nice kit So I will demo a test build soon. Should be fun.
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I don't have that much experience with mining but I'm curious about it. Wouldn't it depend on the rewards? So you are saying surviving that you need to have more power to have more of the rewards or the price of BTC increasing is enough?
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Right now my s19's turn a profit at my power cost. All my gear is paid off and I have zero debt.
But right now my s19 earns 8 bucks and burns 4.80 = a 3.20 profit.
but at 1/2 ing I earn 4 bucks and burn 4.80 = an 80 cent loss.
I may make them into hobby miners and sell them.
For me to continue to mine BTC needs to be around 75k once 1/2 ing happens.
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I've seen few miner attempt to increase efficiency of their ASIC by performing undervolt and underclock. Do you think it's viable option for S19 owners?
On a side note, it's a shame merged mining with BTC remain unpopular and only give tiny additional income to miner.
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I've seen few miner attempt to increase efficiency of their ASIC by performing undervolt and underclock. Do you think it's viable option for S19 owners?
On a side note, it's a shame merged mining with BTC remain unpopular and only give tiny additional income to miner.
It only does a small improvement. I underclock for heat in the summer. It works for that.
But the efficiency gained is small. say 70th at 2100 watts vs 90 th at 3000 watts.
that is 30 watts a th underclock vs
33 watts a th normal clock.
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What do you mean by mod under this "Mod my gear and market it on eBay to hobbyists" I chose this but you mean mod the gear is that you are editing the firmware and replacing the dev fee to your own BTC address before marketing it to eBay?
Since the power cost here is pretty expensive I choose to sell and market it to anyone near me but right now better wait for block halving if we see the price skyrocket to more than $80k plus why not mine a bit and later sell it before the bear market because the price of the unit should be still expensive during that time and it shouldn't be difficult to find someone to buy your unit while it is trending compared to sell it when the price of Bitcoin drop below $50k
.
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So you are saying surviving that you need to have more power to have more of the rewards or the price of BTC increasing is enough?
Overall hashrate and price per bitcoin is what will determine the fate of all small miners.
Price alone won't be enough, if the hashrate doubles as well as the price you're still twice as worse as now, if the hashrate goes down 10% and the price goes up 30% again not enough, it's really hard to balance them so best way to look at it is income per th/s.
You know how much power you burn for 100th/s a day, so you start from there!
You burn 5 cents for each th/s and income per th/s is 8.12 cents (right now as per viabtc), it means that after the halving at current prices you're f**!
Since the power cost here is pretty expensive I choose to sell and market it to anyone near me but right now better wait for block halving if we see the price skyrocket to more than $80k plus why not mine a bit and later
The $75k Phil talked about was at ~ this hashrate, what happens if you wait, 80k comes but so do all the gears like the 60k riot bought, the 265k on order, or the the other dozens of exas that others have also acquired and plan on firing up?. Two aggressive increase like we had last month and suddenly you need 90k instead of 70k.
Also, we're talking about gear earnign 1$ a day that could go boom the next day....
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Phil, you know more this topic than any of us do, but if I was a miner and I had a bunch of S19's pooling away, I would be pretty confident that there would be at least a temporary spike in the price. Not to crazy high prices but probably up to a 50% jump and then exit.
No way small miners are recouping their operating expenses after the halving.
Although a large miner would simply just get more investment, buy more rigs, and keep going.
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Phil, you know more this topic than any of us do, but if I was a miner and I had a bunch of S19's pooling away, I would be pretty confident that there would be at least a temporary spike in the price.
Hmm, why would that spike happen?
Just to make sure so we don't get things confused, do you think of a scenario where price follows the so-called cost for mining a coin?
No way small miners are recouping their operating expenses after the halving.
Although a large miner would simply just get more investment, buy more rigs, and keep going.
Large or small, it's the price per kWh that will screw us.
The jump in electricity back one year killed my mini farm, the gear I still have left will never cease mining until It goes bust because, with that extra kwh or without them, we would still pay the same bill for electricity, so it makes no sense stopping it makes no sense expanding!
Smaller guys that have cheap electricity might get better than huge farms that although have an extra cent pwe kwh advantage need to pay rent, staff, maintenance, and of course dividends and a CEO and a CFO and many more.
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Phil, you know more this topic than any of us do, but if I was a miner and I had a bunch of S19's pooling away, I would be pretty confident that there would be at least a temporary spike in the price. Not to crazy high prices but probably up to a 50% jump and then exit.
No way small miners are recouping their operating expenses after the halving.
Although a large miner would simply just get more investment, buy more rigs, and keep going.
well I am pretty much done in two weeks.
I lost most of my power deal. and what is left will be not profitable after the 1/2 ing
I have starting selling everything piece by piece.
This link is likely not allowed
https://www.ebay.com/str/philipma1957computergearandmore
If it is allowed cool if not where am I allowed to place it?
I have over 100 gpus
I have over 25 asics
I would likely hold
a few gpus
an s19 xp like in my kit build.
three new t21 units.
I have no debt
I have no obligations signed off on.
So selling gear that is fully paid off will make some money.