jakecobra

True, but earnings depend on two factors: the fixed block reward and fluctuating transaction fees. If all miners have the same power, your theory holds. If you have 10 candies and 5 leave, the remaining get more.

Not always true. If the voltage in the EPROM is the same, it could work without issues. Some older miners like the S9k had the type ID on the hashboard. Sellers can even pre-program it before shipping. OP, just so you…

Not how it works, no one waits for the mempool to fill. Type 1 pools mine before they even fully download blocks. They could end up with empty blocks if they accidentally repeat transactions from the last block.

I said true decentralization is possible, but it’s all hypothetical... Imagine if millions of these devices worked together, kinda like a torrent network.

You made a good point, there’s a lot more to this. Many pools use algorithms like Branch n Bound or knapsack for transaction selection. Their goal is to snag the highest fees while sometimes dropping better offers.

But I don’t see that happening anytime soon.

This unit seems solid and efficient. If it used two chips instead of one, it’d be a big deal at a good price.

Right? Imagine those big farms' reactions if half their hash rate came from devices that don’t care about energy costs!

Zeusbtc has the chips but with a minimum of 10 orders. No price listed yet, but I’d guess around $40. Once the Chinese New Year wraps up, I can confirm, just hit me up.

Let’s assume he just forgot to mention ‘hour’ in his post. That makes it 25 MWh a year, or about 68.5 kWh daily. So we’re looking at around a 13.7 kW solar system with an average of 5 hours of sunlight. If he’s really…

Did you think about restarting Umbrel? Also, make sure both your Lightning daemon and Umbrel are updated to the latest version. Sometimes that really helps.

Honestly, I used to worry about the network being hacked, but why would anyone do that? If someone tried to gather enough hashrate, we’d see it coming. Lots to lose.

I get what you’re saying but mining must be profitable otherwise it might risk the network’s stability. If miners start dropping off because of costs, who’s checking transactions?

Bad advice, man. AliExpress is risky. Most new gear's in HK now, not China. Those sellers? Probably scammers or just middlemen. Buying from the manufacturers like Bitmain is the way to go if you're serious.

What if he scams you? You should at least consider using escrow, man. Nice offer though, but for me, it’s too much hassle unless I can get like 0.0033 BTC per petahash daily. If you need help later, hit me up.

A doorstop would work too! I’ve used miners for that when I needed to hold a door open. Scrap value for an S9 was around 10-15% in China a couple years back. With metal prices going up, you might get around 20 bucks now.

This is bad news though, on top of everything else. Difficulty is set to spike by 11% soon, and now the US big players are in the game with their deep pockets while Kazakh miners will have super cheap electricity. Feels…

Not so sure about that anymore. This cycle might break the trend. I’ve tracked it for years, and we’ve never had an 18-month dip before.

In theory, 5G should be a lot better. Mining doesn't need ultra-low latency, and 4G has decent latency under 70ms in my experience. But keep an eye on bandwidth, especially if you’ve got multiple miners.

I’m hitting 54-56 watts with my design. But it’s all about balancing the cooling without making it too noisy.