We are back! For the last 2 years there was not much to shill in mining mining was on the life support. And the profits constantly got decreasing. Start of 2020 Bitcoin and Altcoins are showing great performance in price action. This price action has also increased mining profits in some coins for more then 100% since december 2019. It might be to early to say that “we are back” , as crypto can be so unpredictable. But there is a lot of signs that we have now oversold a lot and value of crypto market is increasing steadily. We might see this pattern continue for good bit of times as BTC halving is coming up in 3 month. Let’s get in straight in. I will choose 3 hardware devices which in my opinion would be the best choice and we will see how profitable they are. If you are new to mining and you want to know which devices to choose, choose from top market cap coins latest equipment. This will be your safest bet, as the mining profits are much more stable on bigger cap coins then on smaller cap coins. If you are small miner and don’t have large electric bills, you can choose smaller cap coins. They might go up in price lot faster then bigger cap coins in bull market, but be aware they they might dump lot faster. It is high risk high reward type of mining. If you are really serious about mining, you need to look at cheapest power source possible which would be in 0.05c a kw/h range. It is not 2017 and mining from home wont be profitable at 0.30c a kw/h. Industrial power is possible to achieve 0.05 in many places in the world. If it is not possible in your country , look for the country where it is possible. So all profit calculations done for 0.05c a kw/h Top mining profitability websites :
https://www.asicminervalue.com/ It is great website to see newest ASIC miners and their profitability. Usually the new upcoming mining machines gets listed here. So come and checkout this page every few days/weeks this page if you are serious about mining.
https://whattomine.com/ Is the best known for GPU/CPU mining profitability. You can choose what ever hardware to use and it will give you the best and most profitable coins to mine. It is very simple to use it. It does have Also asic miner profitability check, but for asics i do prefer asicminervalue,com
Bitcoin – Most suitable Antminer S17+ . It is one of the efficient Bitcoin miner currently publicly available, alternatives would be M20s miner and Avalon miner 1166. Antminer S17 efficiency is 73TH/s @ 3000watts . Current profitability after you have paid your electric bill is 7.82 usd in 24hours , with ROI achievable in 6-7month. It does seems great, but crypto doesn’t stand still. And has plenty of risks.
Ethereum – Best miner to use is RX5700 graphic cards mining rig. I know there is an ASIC miner available A10, but most of you who are in mining will agree with me, that it is complete junk. It is only slightly more efficient then RX5700 gpu rig in terms of price per hash and watt per hash . But it is 10x more riskier investment in mining rig then buying GPU mining rig. So the efficiency of 12xgpu RX5700 mining rig is 640 mh/s @ 1700watts. Current profitability after you have paid your electric bill is 7.62 usd in 24hours , with ROI achievable in about 20-22 month. Ethereum is one of the underdogs which could perform quite well in 2020 and might reduce your ROI much more faster.
DASH – Lately has been released most efficient DASH miner STU-U6. Asic miners are very risky investment, but sometimes they might be very profitable. The beauty of this miner is that it is quite new model and it is mining profitably DASH , even that DASH is still over 90%down from its all time highs. This miner performance is 420GH/s u/2100 watts. Current profitability after you have paid your electric bill is 8.11 usd in 24hours , with ROI achievable in about 5-6 month.
Have you been up to date with major Crypto news from this week?
Coinbase talked to US regulators about the possibility of obtaining banking licenses.
Coinbase has invested in a cryptocurrency startup that lets users earn interest on cryptocurrencies.
Switzerland is considering the possibility of a state-backed cryptocurrency according to a Reuters report.
The Wall Street Journal (WSJ) reviewed documents on 1,450 digital coin offerings and found that 271 of the coins had red flags that include: plagiarized investor documents, promises of guaranteed returns and missing or fake executive teams.
Bitcoin’s lightning network (LN) is approaching 2000 functional nodes as users are now highlighting the cost savings that come with the technology.
New York just granted its 5th BitLicense to Genesis Global Trading. The platform supports Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH) Ethereum Classic (ETC), Ripple (XRP), Litecoin (LTC), and Zcash (ZEC).
Canaan, a Bitcoin mining company is filing for an IPO in Hong Kong. The firm creates Avalon hardware equipment, produces ASIC mining chips and rigs.
Germany’s Stuttgart Borse, its second largest stock exchange, has announced it is launching a zero-fee cryptocurrency app.
Former JPMorgan executive Blythe Masters discussed Digital Asset’s (DA) efforts to integrate blockchain technology into capital market functions at Consensus 2018. DA is a startup that is working with the Australian Securities Exchanges’ clearing system and intends to integrate blockchain clearing on the ASX by late 2020 or early 2021.
The first commercial bond transaction using blockchain has reportedly been completed between Russian Bank Sberbank CIB and telecom firm MTS. MTS placed USD$12.11mm worth of bonds with Sberbank being the primary buyer using delivery versus payment method of settlement.
The Chinese government has been working on a rating system for roughly 28 cryptocurrencies and Ethereum (ETH) was ranked number one. The government ranked cryptocurrencies on technology, application and innovation.
Spanish bank Santander has become the first company to use blockchain technology for investor voting.
Nomura, Ledger and Global Advisors are planning on building a secure digital asset custody solution. The firms are creating Komainu, a project aimed at asset custody for institutional investors.
The U.S. Securities and Exchange Commission (SEC) launched a fake ICO today called HoweyCoin.
Coinigy is launching a subscription-based cryptocurrency trading mobile application via Coinigy Mobile.
CNBC’s Brian Kelly is launching a Blockchain ETF. The ETF will be actively managed and consist of a portfolio of 30 companies actively using blockchain technology
Telecom firm Nokia and Software company OSIsoft is partnering with Blockchain data platform Steamr to allow mobile customers to monetize their user data and make purchases.
FuzeX has created a smart eCard that enables shoppers to store up to 15 cryptocurrency accounts, 10 debit or credit cards and five reward accounts in one place.
Coinbase said that it will be upgrading its services to cater to ultrafast traders. This upgrade will make Coinbase one of the first bitcoin exchanges to welcome high frequency trading.
Social cryptocurrency trading and brokerage firm eToro is expanding to the United States in an announcement made at Consensus 2018.
HTC is selling a blockchain phone that will be dedicated to decentralized applications and security.
Cryptocurrency firm Circle, which bought cryptocurrency exchange Poloniex in February, has raised USD$110mm in Series E funding. The funding round was led by Chinese firm Bitmain Technologies and Blockchain Capital, Pantera, Digital Currency Group were other notable investors.
IBM and Veridium will be joining forces to bring carbon credits onto blockchain with the goal of making it easier for companies to offset their environmental footprints.
Thomson Reuters (TRI) is launching a cryptocurrency real-time rates data feed. The firm will be providing an API interface giving users data from various cryptocurrency exchanges such as Bitflyer and Bitpoint.
The banking unit of Japan’s Mitsbuishi UFJ Financial Group (MUFG) plans to trial its own cryptocurrency as early as 2019 according to Cointelegraph
Bitbond, an online Germany bank is now allowing customers to transfer loans using Bitcoin
So I'm considering my first mining rig, because I'd like to get into bitcoin (not for the big digibucks) and I wanted to check my reasoning with the this subreddit. I see a lot of disrespect for the Block Erupters, but the cost has come down a bit. Using this configuration, you get 3GH/s for about $1200 in GPU's. Not counting the rest of the build, that nets you 2.5MH/s per $1. Using USB Block Erupters, you get 330MH/s for (based on current exchange) $90.3. This works out to 3.6MH/s per $1. Doesn't it make sense to build a mining rig out of Block Erupters instead of a costlier GPU rig which sucks power and makes noise? EDIT: Added mining rig link.
Consider Asics as a box full of money that spit out some every day. Knowing that would you...
An Asic is like an ATM full of money that spits out some every day. Due to the nature of mining, given that a fixed amount of Bitcoins are released every time period, regardless of the total pool of processing power, as the sum of the processing pool increases, each Asic will release less and less every time period, day or week or what have you. So you have some of these money printing boxes, or ATMS, or Asics or whatever you want to call them. And you sell them on pre-order for X amount of dollars with shipment at some ill-defined time in the future. And now you face a choice. Of course your primary motivation as a businessman is making money. You have in your possession machines that do just that, They spit out money every day. Albeit an amount of money that decreases every time period, for each money box, as the total processing power pool in the wild increases. Of course, as you wait to ship them out to the people who pre-ordered said money machines you have them plugged in so they can make some money for you in the mean time. And you have a cost associated with running them as you wait to ship them to the buyers. The cost of the electricity to run them. The electrical cost is relatively fixed for each time period. It doesn't matter how much money the asics are making each day, they still consume the same amount of electricity. So they are making money every day, less and less every day of course, as more and more asics are coming online. And you are pocketing that money, and paying your fixed electrical cost. So the choice you face is this: do you ship them out today? Or wait another day? And the answer is simple, As long as they are making enough money to be profitable, you keep them and pocket the money of course. Why would you send a box full of money to someone else? Remember, you're a businessman, in the business of making money. So anyone who preordered an Asic can rest assured of when you will get it. You'll get it on the exact day that it's not worth it for whoever has it in their possession to keep it plugged in spitting out money!
Tera Hash Rate is going to explode. What happens afterwards?
Bought myself a 5GH/s BFL miner. Not expecting to see it until June. Numbers like this make me fear even wanting to connect that device to my PC when I get it... Will it even be worth mining without a Mini Rig SC or Avalon at that point? " In the next few months, Bitcoin network hashpower will only continue to increase. Avalon’s three shipments altogether will make up a total of 1500 units, or over 75 TH/s, and ASICMiner is planning 50 TH/s by the end of April, and 200 TH/s soon after. By the end of the year, ASICMiner’s friedcat writes on Bitcointalk, ASICMiner’s total hashpower may be as high as 1000 TH/s, and friedcat even adds that “some may say that 1,000TH/s at the end of this year is too conservative.” " Link to article hosting this quote: http://bitcoinmagazine.com/bitcoin-developer-receives-first-butterfly-labs-asic/
I would like to think I am like a lot of other hobby miners out there. I got into the crypto business a couple years ago, and until recently I had no interest in mining. Now as a side hustle/hobby; I own two ASIC mining rigs, and have 2 more on pre order, plus there is a 19 GPU PC Mining Rig in the works. The last couple weeks have been rough on the cryptocurrency mining gang. Profits haven't been this low in a while and unless the market takes a sudden spike towards the moon, it doesn't look like it is going to get better. So with all that, here are my thoughts on profitability. Antminer S9, Price: $5,000, Profit: ~$450/Month, 310 Days To Break Even Whatsminer M3, Price: ~$3500, Profit: ~$365/Month, 287 Days To Break Even Avalon 741, Price: $2500, Profit: ~$270/Month, 278 Days To Break Even I calculated these this morning, and the price seems to be going up as I am writing this. The way I see it, the mining ecosystem has stabilized from the craziness. When I initially looked into mining several years ago; the payback period was a standard 6-10 months. Anything less than that is unsustainable. When it falls below that time look for price of miners to go through the roof and the mining space becomes overpopulated until it levels off. Meet that with a huge dip in the price of cryptocurrencies and you have the perfect hit to profitability. I am personally taking this opportunity to HODL my coins and wait for a better selling opportunity. At the end of the day, my message is that, crypto mining can feel discouraging sometimes, but that is simply because the mining ecosystem is unbalanced and has to correct itself. I put together a youtube video discussing all of this here: https://www.youtube.com/watch?v=bdz7xaVT8u8 These numbers were calculated mining Bitcoin Cash, not bitcoin.
Sometime mid next week (Jan 19-21) I should have ~$5,000-6,000 in PayPal. I am looking to buy 5 S1's direct from BitMain. I've got a few questions/concerns however. The biggest concern right now is being able to buy $5,000 of bitcoin, using PayPal. I'm 16, so withdrawing all that money to my student checking account is a no-go. My mom also doesn't want to give PayPal her tax ID, and credit card so she has unlimited withdrawing capabilities. I plan on asking around the Chicago Bitcoin Meetup if anyone there would be able to sell me that much Bitcoin, and for PayPal or something along those lines. After I get the bitcoins, and the S1's delivered, any advice on keeping them cool, and clean? They'll probably go in my basement, and I'm thinking about some kind of horizontal rack, and cooling system. I'd like to overclock them to 208 gh/s. One of my friends has built a LN2 creator before, and was talking to me about possibly doing this for all my BTC miners, so we could further overclock them, increasing profitability. I'd expect some kind of decent ROI with this setup, and yes current profiribility calculators will probably tell you I won't make much, but I'm gonna go out on a limb and assume Bitcoins will be at, or over $1,000 a pop by SeptembeOctober of 2014. I also plan on using Coinwarz and mine the most profitable coin each day, and sell via cryptsy. I'll also just save some bitcoins for the future. What kind of PSU's should I get for 5 of these bad-boys? Would 2 1050w PSU's and then another 700w one be alright? My friend, who bought an Avalon Asic Batch 2 last year for ~$1,500 made a great ROI, and he is doing the same exact thing I am with this project. Except that he might end up with 10 S1's, while I'll have 5 of them. If anyone has any advice for me, I'd love to hear it. I've been following Bitcoin very heavily sense I first herd about it in 2008 (It was only $2 a pop when I just went on #otc) but this will be my very first mining rig of my own. I've mined of my GPU/CPU using various coins, along with my usb asic, but this will be a large project/rig.
Want to invest in Bitcoin? Buy them, not mining rigs! Bitcoin mining has become a gamble.
Mining is becoming profitable only for the hardware manufacturers. The demand for mining rigs remains frantic, despite that most current ASICs will not ROI once backorders are filled. It is a gamble whether or not your order will be fulfilled first, and even if you do ROI, you are most likely looking at a 10-20% profit over the course of 12 months. Miners are trying to resell their miners for MORE than they paid for it AFTER mining on the machine for over a month. Invest in Bitcoin directly. Buy and hold if you are looking for long term profit. Money is being pumped away from the Bitcoin economy and straight into the pockets of hardware manufacturers. This is truly a case where the shovel sellers are ripping off the prospectors. I am a miner myself and the current state of mining is painful to bear. Consider getting into Bitcoin in ways other than mining. I am not posting this for any personal gain, but because the community needs to WAKE UP and realize that BFL, Bitfury, Avalon etc are not free easy money. The low hanging fruit has been picked. I wrote this quickly and this problem seems to be ignored on Reddit in hopes to insight discussion into a topic that I feel is being ignored in this subreddit. Thanks for reading, StringTheory
Japan's Internet Giant GMO Launching Bitcoin Mining with 7nm Chips
This is the best tl;dr I could make, original reduced by 73%. (I'm a bot)
Japan's leading internet conglomerate and bitcoin exchange operator GMO has announced that it is expanding into the businesses of bitcoin mining and chip manufacturing. GMO's upcoming bitcoin mining facility will have racks, air conditioning, firefighting and security, GMO outlined, adding that power used will be renewable energy, namely geothermal and hydropower. The new mining venture will be competing with a few existing mining equipment producers including Bitmain, whose Antminer S9 is the current favorite ASIC bitcoin mining rig worldwide. Each of the latest mining rigs Bitmain is building has a hashpower of 14 TH/s, but a power usage of 1,372 W. Its chips deliver 0.098 J/GHs, which "Is the world's most efficient bitcoin mining chip in the consumer market," according to the company's website. The company does not sell mining rigs to consumers, opting to sell whole data centers to enterprise customers and governments instead. Canaan, formerly Avalon Mining, is based in China and also produces 16nm chips and mining rigs. In addition to operating the mining center, GMO's mining business will offer cloud mining as well as the sale of its "Next generation mining boards." Mined cryptocurrencies including bitcoins will be supplied to the company's bitcoin exchange, adding liquidity.
Bitcoin Mining Manufacturer Canaan Acquires Proof of Existence
This is an automatic summary, original reduced by 80%.
Want to invest in bitcoin but willing to accept more risk for more return? Maybe investing would be right for you!
As we all know, companies such as AsicMiner are currently kicking butt with their asics by releasing the eruptor blades and Erupter USB sticks for mining. This combined with their 28% or so of total hashing power for the entire bitcoin network is resulting in fantastic growth over the past few months, and their dividends are doing quite well. If you are interested in shares of AsicMiner , check out either Direct Shares or Pass Through shares, which is just one share of AsicMiner. You can find them in auctions on bitcointalk as well as sites such as BTCT.TO
There are other shares too, such as AMC which just recieved a few Avalons they purchased a while ago. Keep in mind that the owners relations with others on the forum is quite poor and very unprofessional, so I would still consider it rather risky.
There are also companies which are not based on bitcoin but experimenting with it as a source of capital, such as KenilWorth on bitfunder, who are a mining company which finds raw material deposits and then sells them to another company (I think). The people with that company are VERY responsive on bitcointalk and seem to be very professional.
You can even if you wish bet on funds which are reliant upon BFL's shipping, such as HaveLock's Investments Mining Fund. The owner of that fund is also rather response on bitcointalk and is a very down to earth person from what I have seen. For example, they just purchased a single Jupiter rig from KnCMiner in an effort to diversify so if BFL fails they will not be destroyed.
They are also other funds out there which are designed to represent an amount of Mhash/s per each share, for example RedStarMining which aims to have 180 Ghash/s eventually, with each share containing 2.818 Mhash/s.
Also, a very cool thing about these funds is that they are very present on bitcointalk in the securities section, so you can see up to date discussion about each fund. For example, for red star mining, here is their thread: https://bitcointalk.org/index.php?topic=63257.0 You can even get a fund in an exchange, such as Crypto-Trade! Though, they seem to be having some major issues with their site for a while now, which is unfortuntate.
There are tons of such securities available for lots of different styles people could choose, and because of bitcoin buying these shares is a very painless process. But do keep in mind that this is riskier than just holding bitcoin, and there are a good bit of scams prevalent in such securities, but if you keep an eye out and read their associated threads on bitcointalk you will be for the most part safe. Also, investing in companies like AsicMiner increases the network hash rate, making it even harder for a single entity to barge in and get more than 50% of the network hash rate, resulting in an even more secure network! These sometimes even hare shares which cost less than five dollars, so to get started you don't need much BTC at all. And here is the link to bitcointalk for anyone who wants to do more research and look at any other funds which might be of interest. Don't forget that there are some funds which are not exchanged on these sites, for example group buys where each buyer holds a certain percentage of proceeds from a very expensive miner they pool together to buy. As earlier though, be careful.
There is also a really good subreddit for discussing these securities as well as others on /BitcoinStocks ! Edit: Added in bitcointalk threads for each security I listed. Edit: It seems that there are nearly half as many downvotes as there are upvotes. Can anyone clarify?
Would setting an amount of mining ability per bitcoin user make for a stronger worldwide network in the long run?
Foremost a lot of people profiteering off large scale expensive mining rigs may get BUTT SORE when I bring this up, but it's a logical question. And I am pro-capitalism for the most part, but does this mean that the one world currency bitcoin is going to be capitalistic? Worldwide capitalism? And before you mention: I have looked into "frecoin" it's not appealing to me. And if you think this post is "communist", I don't identify with this movement, I'm pro bitcoin. I'm just trying to get the communities feedback on this or any thoughts. Would limiting the amount of mining ability per bitcoin user make for a stronger worldwide network in the long run? Now a lot more people/nodes would be mining if it were more profitable. And this would ensure that if any of the larger mining farms went down, millions of others would be mining! It also means for a more equal distribution of wealth and makes bitcoin appear more accessible to people in third wold countries without $20,000 asic/avalon rigs. It also would be a major incentive for millions of new people to want to hop on board with bitcoin if they could earn more than .0001 a day mining 24 hours straight. Also I know some people think Satoshi is the "cyberchrist" and should be man of the year. And I somewhat agree. But at the same time do you think Satoshi knew that in 5 years we would hit a point where only the super rich could afford these rigs? And with all the scammy things happening and the overkill rigs, wouldn't it make sense to have the wealth distributed more equally?
What are /r/BitcoinMining's thoughts on a crowd-sourced mega rig?
Myself and a few other CS majors at a prominent US university have been following bitcoin for a while now and, with the new influx of interest in mining, have put together a few ideas. I don't know if its novel or not, but it seems that the only way to get into the game at this point is with a lot of money for specialized hardware. Which we don't have. Nonetheless, we are interested by the idea of crowd-sourcing the funds to buy a large number of ASIC units and splitting the costs and profits among the "subscribers." We can keep some funds off the top to sustain the rig as mining difficulty increases. Our questions for you all are:
Has this been attempted before?
What are your initial thoughts on plausibility?
Platform to organize - Kickstarter? Indiegogo?
If I wanted to buy a dozen or so BFL or Avalon units, when would I get them at this point?
We're interested in hearing from anyone who has mined / been part of a mining pool. We want to know about any technical and political problems and merits you can immediately think of to this system. We understand that the market fluctuates and that there are risks to this. I think that's what makes this venture reasonable - there are people interested in getting into the game but don't want to risk more than $50. We offer the ability for a lot of people to pool that risk.
This may be a long post but I wanted to get a few things off my chest. Some of you may not like what I'm saying but if that's the case at least take the time to discuss it rather than downvoting me. I think that's what communities on Reddit lack - discussion is how we progress and sometimes it feels like all Reddit does is downvote instead of actually talking up. Firstly - Bitcoin in the media. It's no big news that Bitcoin was synonymous with Silk Road and the Deep Web for a while. You couldn't have one without the other. This lead to a lot of negative press for Bitcoin itself. I think it was handled quiet well, we showed the majority of people that Bitcoin was useable in a mainstream setting but I don't think we did enough. How often do we see the good features of Bitcoins like:
Free / automatic fraud prevention. You can be sure that your payment won't be chargeback from fraudsters. *Very easy implementation with Coinbase and other merchants. Fees are very low compared to credit card processors.
Accept payments worldwide. Anyone who can download the client can make a payment.
Can be set up usually within 10 minutes.
How often do we see these features? I recently saw a sign in my local shop saying they couldn't accept credit card payments due to high fees. Imagine if they knew about Bitcoin, as long as they have a computer or even access to one they could attract a wider audience. I think we can do a lot more to give out a clearer message about Bitcoin. I think a lot of the fear comes from the fact that people don't understand it. If we spend more time educating then we can get a more positive image out there. Secondly - Miners, their profitability and other issues.
The next thing I'd like to bring up is the mining community. When people were using CPUs and GPUs to mine we all knew that there was very little chance of profit. BTC was no where near as popular as it is now and you could end up spending thousands on building a rig with hardly any chance of making profit - but people still did it for fun. It was a interesting concept how your computing time would make the network stronger and secure and in return you would be repaid in miner fees / generating blocks. Now it's all about profit. Yes, it's understandable that if you spend $5000 on a miner you want to make profit of it but people see it as a simple money in profit out scheme. That's now how you should see it. Your making an investement. If you look at ROI in terms of Bitcoin chances are you won't break even any time soon. This was the same with GPUs and it's the same with ASIC. However if you pay for something like a USB ASIC miner you shouldn't see it that way. You're paying a small amount for xGH/s (or MH/s) for a fraction of what it would actually cost you. When I brought my USB miner I spent about $20. If I were to buy that power with a GPU it'd cost me way more and even more to keep it running in terms of power costs. Another way of looking at it is if you were an early adopter. 50BTC rewards were nothing back in the day. If I hoarded all my coins and spend that 50BTC buying hardware it's not that bad because those 50BTC cost me nothing. Yes I could have sold it and gotten way more but if it means I'm securing hardware to mine even more coins to hoard then it could be very profitable. What if the hardware I brought mines me 25 coins now, I've done a good job imho.
Companies themselves have let us down with the exception of one or two. BFL fucked up. Avalon pretty much cheated the whole community. KNC Miner and ASICMiner are the only ones I know that kept the promises as close as they could. As an investor, investing in any of the miners with my USD wouldn't be very appealing to me. It's all shambles and I would prefer to invest my USD in buying BTC and holding it rather than buying mining software. To me it sounds like all the companies are interesting in selling during the gold rush. "During the gold rush, sell shovels." Which seems to apply to most of the companies these days.
Thirdly - exchanges and how they work.
A lot of people seem to give MTGox shit because of their processing time. What you have to understand is that whenever fiat is involved there are regulations. Bitcoin is still a touchy subject in the US. This makes it dangerous to anyone in govt. who doesn't understand it. Their system works though.
MTGox, BTC-e use something called an order book. Meaning BTC will only be worth what people are willing to pay for it. The highest bid price will raise the last price. Simple as that. It's good because it means they can't artificially raise the price..but it also means trading bots with the relevant APIs can change the price by making small orders. They take a small fee in BTC / USD which imho sounds fair.
LocalBitcoins is failing. People are charging premiums way above even Gox but only paying below Bitstamp to buy the coins. It's all about being greedy. LocalBitcoins used to be cheaper for a while but now it's just being ruined by greed. Unless travel costs are included, most people use just UK Bank Transfer which costs you NOTHING. You could charge a .10p fee each way, keep it at Bitstamp prices and easily attract more customers but people choose to be greedy.
Bitcoin for devs and merchants. I think a lot of work needs to be done for Bitcoin devs. Unlike other documentation, I found Bitcoin very hard to follow when it comes to dev. I understand the basics of coding and a few languages - not a much but enough to say make a web page or a automated program in C#. Imagine if you had Bitcoin dev dedicated websites like w3schools does for languages (I know w3 schools is a very bad benchmark but whatever). If more people understood how dev works then more people would attempt to get into it. I think a lot of work needs to be done within the BTC community itself before we even think of making it mainstream. Even if the last price reaches $1000 it's useless if people don't know as much as should do.
I've recently become interested in Bitcoin mining. I'm not doing anything extensive - my PC is lucky to get 200 MHash. But I have some spending money that makes me interested in something from BFL or Avalon. However, both places are seemingly backed up with hundreds, if not thousands, of undelivered ASIC units. If I attempted to buy one soon, it may be months before I get mine - all the while early adopters reap huge rewards from the ASIC mining revolution. So my question is: If someone were to place an order from BFL or Avalon today, would the payback even be worth it? Do you think that ASIC rigs will render FGPA and GPU miners useless, negating part of the huge mining power that ASIC units bring? Just curious on opinions. I'm sorry if this has been asked/answered recently, but I checked a few pages and didn't find anything.
Canaan Avalon Miner 741 AvalonMiner 741 image by Wikimedia Commons. Most recently, Canaan Creative presented the miner Avalon 741 – its new ASIC for mining Bitcoin. The successor to the 721st model was to become a direct competitor to S9 from Bitmain. It is quite noisy and requires lots of electricity, but at the same time very productive. canaan avalonminer 1066 pro 56th new Avalon 1066 50T avalon 1066 pro 55Th bitcoin mining rig ASIC mining machine . US $599.00-$599.00 / Set 10 Sets (Min. Order) 2 YRS . Shenzhen ASL Electronic Technology Co., Ltd. (83) 93.7% " Good communication " (4 MiningCave is worldwide distributor in Crypto currency Mining hardware Asic miner, Bitcoin, Litecoin, Ethereum and many more. Shop all at discount price! In addition to a Bitcoin mining ASIC, you’ll need some other Bitcoin mining equipment: Power Supply – Bitcoin rigs need special power supplies to funnel and use electricity efficiently. Avalon Nano 3. The Avalon Nano 3 is a 3.6 GH/s miner, which will earn you about $1 per year. No fan is required and it just plugs into your USB port on The latest offering from the China based Avalon miners. Containing eighty A3218 28nm chips, AvalonMiner 6.0 is the latest product of AvalonMiner. Its maximum hash rate can reach 3.7Ths .
Avalon 6 Bitcoin Mining Hardware Setup ... Baikal Giant X10 The Most Profitable Asic Miner(Update Baikal B ... Unboxing the AvalonMiner 741 for Crypto Currency Mining Rig - Duration: 9:07 ... New Video For Avalon ASIC Miner The Bitcoin Foundation tests the new Avalon ASIC server HashRate=68GH/s. ... Bitcoin Mining Rig - 24 Machine Setup - 48Gh - Duration: 1:27. Hash Rate / Normal Mode 208 GH/S Hash Rate / Overclocked Mode 256 GH/S 2nd Gen Avalon 55nm Consumption: 700 Watt easy overclocking - just adjust chip frequenzy with a mouse click available at http ... I Made An ASIC Miner Silent My Mining Rig Tour 2020 Bitcoin ETH Miner Tour Mining Adventure Part 5 ... The coins i am mining is of course, Bitcoin ETH Mib Coin and any other coins that come along ... Avalon Project Leading Bitcoin Mining Solution _____ See also bitcoin smartcard ledger wallet nano: https://ww...