https://chainz.cryptoid.info/dogm/#!rich
Topic: [ANN] The First Litecoin PPS Pool (litecoinpool.org) (Read 228559 times)
DOGM is the only true son of DOGE, and anyone can verify the authenticity using blockchain explorers!
https://chainz.cryptoid.info/dogm/#!rich
https://chainz.cryptoid.info/dogm/#!rich
Hello litecoinpool !
It is recommended to add Dogmcoin (DOGM) merged mining.
As a developer of DOGM, I don’t want to see any mining pool monopolize it.
https://miningpoolstats.stream/dogmcoin
It is recommended to add Dogmcoin (DOGM) merged mining.
As a developer of DOGM, I don’t want to see any mining pool monopolize it.
https://miningpoolstats.stream/dogmcoin
Thank you for the explanation. I watched a YouTube video alleging you robbed users, along with reading numerous comments saying you scammed us, and your clarifications help.
It's the Giuliani technique, show something perfectly normal that most people don't understand, take it out of context,
build a nefarious story around it and claim it's a scam.
I'm sure it got a lot of youtube views which was the whole point. Truth doesn't matter, only views, likes & clicks.
You betrayed the miners. The profits are yours, but the risks are the miners'. In the name of mining LTC and Dogecoin, use the miner's computing power to mine BELLS, LKY, PEP and JKC. Earn hundreds or thousands of times profit and still want to keep it all to yourself.
I was very happy when I saw your mining pool’s computing power dropped from 300T to 100T. You turned your back on the miners, and the miners turned their backs on you.
I think you may have missed or misunderstood literally every part of this discussion. Nobody was "betrayed", no profit has been withheld from miners, no revenue is being kept for any single person.
if all merged alternate coins would come to payout direct, then u have to cover the exchange rates etc. for yourself, what in hell is the benefit of this ? nothing! I like that litecoinpool.org only payout LTC and DOGE they are way more steady then the alternates and i dont have to exchange an anmount of 'XX' coins each payout period. just look at PPS RATE and RATIO u can cleary see that nobody was "betrayed" gtfo^^ and take a look at other pools, example kryptex they also merge nearly the same alternates as litecoinpool.org but only payout Litecoin, they stake DOGE and the other alternates merged coins for 24h and then payout a higher anmount of LTC. For this 24h each day u are mining u cant exactly says what profit u made done..... thats a way more suspicious option to manage payouts i think then anything here at litecoinpool.org. In the end, remember u dont need to stay here if u think u get betrayed, its up on YOU to switch off your miners and look for another pool wich fits better to your opinion, and then we WIN WIN because Less users/workers Less Difficulty on Network = higher profit (significant for the lower 50% of the users on the Current Top Hashers ranking list!) Maybe u should try FULLSOLO Mining....soo no one can betray u!
99%PPS is fair enough! Remember that litecoinpool.org dont take any other fee's, other pools has a 1-3% Pool Fee.... so even 97% would be fair enough....
Quote
I was very happy when I saw your mining pool’s computing power dropped from 300T to 100T. You turned your back on the miners, and the miners turned their backs on you.
i would be very happy if u could switch on your brain before typing nonce .......
I'll be turning off my miner now its 99% PPS. Was already running at a small loss, only mining to support the network.
got 0.41 cent per kw/h in germany and still running.... mining is passion, MINING TO THE MOON!Current Speed 2,165 MH/s (rank 3098, faster than 52%)
Daily Average 2,099 MH/s (last 24 hours)
Weekly Average 1,519 MH/s (last 7 days)
Monthly Average 1,410 MH/s (last 30 days)
Total work done 7,819 TH (rank 38470)
Blocks found 0
Daily Average 2,099 MH/s (last 24 hours)
Weekly Average 1,519 MH/s (last 7 days)
Monthly Average 1,410 MH/s (last 30 days)
Total work done 7,819 TH (rank 38470)
Blocks found 0
Donations to DU7ZR6cBLtQVN4MtxchvC1Eei8x9t7aohr for DOGE and MUzwreaK2JXPqAJns2WoFAo34zYBoss2w5 for LTC for still running asics at 0.41 cent per kw/h
Hello friends.
I have 3 miners L3+ (vnish 3.9.1):
miner.1 340 MH/s
miner.2 170 MH/s
miner.3 370 MH/s
How and what difficulty should I set in miners and how to do it using my workers as an example? Or leave it automatic?
I have 3 miners L3+ (vnish 3.9.1):
miner.1 340 MH/s
miner.2 170 MH/s
miner.3 370 MH/s
How and what difficulty should I set in miners and how to do it using my workers as an example? Or leave it automatic?
cryptori, flash blissz firmware to your L3's, set frequency to 425 and voltage to 13 (bitmain default).
then they make 580 MH/s each if all chains are good
iTechx8xgsy.x1 567.4 MH/s
iTechx8xgsy.x2 689.3 MH/s
iTechx8xgsy.x3 428.0 MH/s (3 chains active)
iTechx8xgsy.x4 775.8 MH/s
my L3's
Thank you for the explanation. I watched a YouTube video alleging you robbed users, along with reading numerous comments saying you scammed us, and your clarifications help.
It's the Giuliani technique, show something perfectly normal that most people don't understand, take it out of context,
build a nefarious story around it and claim it's a scam.
I'm sure it got a lot of youtube views which was the whole point. Truth doesn't matter, only views, likes & clicks.
You betrayed the miners. The profits are yours, but the risks are the miners'. In the name of mining LTC and Dogecoin, use the miner's computing power to mine BELLS, LKY, PEP and JKC. Earn hundreds or thousands of times profit and still want to keep it all to yourself.
I was very happy when I saw your mining pool’s computing power dropped from 300T to 100T. You turned your back on the miners, and the miners turned their backs on you.
I think you may have missed or misunderstood literally every part of this discussion. Nobody was "betrayed", no profit has been withheld from miners, no revenue is being kept for any single person.
Thank you for the explanation. I watched a YouTube video alleging you robbed users, along with reading numerous comments saying you scammed us, and your clarifications help.
It's the Giuliani technique, show something perfectly normal that most people don't understand, take it out of context,
build a nefarious story around it and claim it's a scam.
I'm sure it got a lot of youtube views which was the whole point. Truth doesn't matter, only views, likes & clicks.
You betrayed the miners. The profits are yours, but the risks are the miners'. In the name of mining LTC and Dogecoin, use the miner's computing power to mine BELLS, LKY, PEP and JKC. Earn hundreds or thousands of times profit and still want to keep it all to yourself.
I was very happy when I saw your mining pool’s computing power dropped from 300T to 100T. You turned your back on the miners, and the miners turned their backs on you.
Thank you for the explanation. I watched a YouTube video alleging you robbed users, along with reading numerous comments saying you scammed us, and your clarifications help.
It's the Giuliani technique, show something perfectly normal that most people don't understand, take it out of context,
build a nefarious story around it and claim it's a scam.
I'm sure it got a lot of youtube views which was the whole point. Truth doesn't matter, only views, likes & clicks.
Can you address recent allegations of you using users’ hashrate, for Pepe in particular, and not paying out to users in any form.
The pool pays out in LTC and DOGE exclusively, but at a higher PPS rate than you would get otherwise, by leveraging the output from all other merged chains, such as PEP. At any given point in time, the PPS ratio reflects what rate the pool offers to miners. Sorry if I'm stating something that you already know, but I think this piece of background information is crucial to understanding. (By the way, the latest news item on the website covers the subject more in depth if you haven't read it already.)Litecoinpool.org is the 2nd largest holder of Pepe with around $4 million dollars in value.
Up until very recently, PEP (as well as a number of other coins) was worth very little. We were still mining it, though, and it was contributing a tiny amount towards an increased PPS ratio. We were not selling the mined PEP because 1) we didn't have a way to sell via the exchange platforms we worked with at the time, and 2) we didn't need to. In early December, the market price of PEP (and other merge-mined coins) rose dramatically, which in turn was reflected in a PPS ratio of up to 108%. By then we had accumulated a considerable amount of PEP, but the stellar valuation you mention is purely theoretical. I'm guessing it was obtained by multiplying the total amount by the current bid price. In practice, if we tried to sell any serious amount, the price of PEP would be driven back into the ground before we could dispose of even a fraction of it.I have seen my PPS go from 102% to 99% in the last week,
Over the past few weeks, the market prices of PEP, as well as BEL, LKY, JKC, etc., have been going down rather sharply (whereas LTC and DOGE are holding relatively steady), and as a consequence the PPS ratio is now down to 99%.so not sure if we’re being scammed out of our hashrate and Pepe rewards by litecoinpool.org?
The current PPS ratio is more than fair given the current profitability of merge-mined chains; in fact, it is very competitive even in comparison with pools that lack our track record.If you are referring to the fact that you mined PEP back when it was near-worthless and were rewarded based on the price at the time you mined it rather than some higher price from the future, I don't think the criticism is sound. The pool's reward system has always been transparent and well documented. We've always made it clear that the pool doesn't pay out any minor merge-mined coins, and that in exchange for this miners get higher LTC and DOGE rewards than they would otherwise. If a miner wanted to get PEP back when it was cheap, because for some reason they had an inkling that its price would rise some day (I for one certainly didn't), they should have either bought it, or mined at a pool that paid it out directly.
Thank you for the explanation. I watched a YouTube video alleging you robbed users, along with reading numerous comments saying you scammed us, and your clarifications help.
Can you address recent allegations of you using users’ hashrate, for Pepe in particular, and not paying out to users in any form.
The pool pays out in LTC and DOGE exclusively, but at a higher PPS rate than you would get otherwise, by leveraging the output from all other merged chains, such as PEP. At any given point in time, the PPS ratio reflects what rate the pool offers to miners. Sorry if I'm stating something that you already know, but I think this piece of background information is crucial to understanding. (By the way, the latest news item on the website covers the subject more in depth if you haven't read it already.)Litecoinpool.org is the 2nd largest holder of Pepe with around $4 million dollars in value.
Up until very recently, PEP (as well as a number of other coins) was worth very little. We were still mining it, though, and it was contributing a tiny amount towards an increased PPS ratio. We were not selling the mined PEP because 1) we didn't have a way to sell via the exchange platforms we worked with at the time, and 2) we didn't need to. In early December, the market price of PEP (and other merge-mined coins) rose dramatically, which in turn was reflected in a PPS ratio of up to 108%. By then we had accumulated a considerable amount of PEP, but the stellar valuation you mention is purely theoretical. I'm guessing it was obtained by multiplying the total amount by the current bid price. In practice, if we tried to sell any serious amount, the price of PEP would be driven back into the ground before we could dispose of even a fraction of it.I have seen my PPS go from 102% to 99% in the last week,
Over the past few weeks, the market prices of PEP, as well as BEL, LKY, JKC, etc., have been going down rather sharply (whereas LTC and DOGE are holding relatively steady), and as a consequence the PPS ratio is now down to 99%.so not sure if we’re being scammed out of our hashrate and Pepe rewards by litecoinpool.org?
The current PPS ratio is more than fair given the current profitability of merge-mined chains; in fact, it is very competitive even in comparison with pools that lack our track record.If you are referring to the fact that you mined PEP back when it was near-worthless and were rewarded based on the price at the time you mined it rather than some higher price from the future, I don't think the criticism is sound. The pool's reward system has always been transparent and well documented. We've always made it clear that the pool doesn't pay out any minor merge-mined coins, and that in exchange for this miners get higher LTC and DOGE rewards than they would otherwise. If a miner wanted to get PEP back when it was cheap, because for some reason they had an inkling that its price would rise some day (I for one certainly didn't), they should have either bought it, or mined at a pool that paid it out directly.
Can you address recent allegations of you using users’ hashrate, for Pepe in particular, and not paying out to users in any form. Litecoinpool.org is the 2nd largest holder of Pepe with around $4 million dollars in value. I have seen my PPS go from 102% to 99% in the last week, so not sure if we’re being scammed out of our hashrate and Pepe rewards by litecoinpool.org?
I'll be turning off my miner now its 99% PPS. Was already running at a small loss, only mining to support the network.
I've been mulling over upgrading my miner recently and wanted to get some thoughts from real people who actually have some idea of what they're doing.
I first joined the pool in March of 2015 playing around with CPU and GPU mining mostly for fun. I eventually got a pair of those 5 chip LTC+BTC dual miners (orb
to be continued....
I first joined the pool in March of 2015 playing around with CPU and GPU mining mostly for fun. I eventually got a pair of those 5 chip LTC+BTC dual miners (orb
to be continued....
stop experiments with power cables, remember that your miner run 24/7 and u not everytime at home.
Just pull 1-2 new 220V cable from the junction box.
If your boiler/water-heater has already 220V, then the junc.box is already prepared for 220V....
so just set two new MB16's for each 220V cable one MB16' device, then u have all safe and one cable as reserve for the l7 or l9's if buy those.
Use minimum 2mm² cables better 2,5mm², because they dont get hot easy. Dont use the same MB16/Mountpoint as your 220V Boiler/Heater
because it has probably enough KW/h if its an electric ones.
u can snooze the L3's with two additional 100mm or 150mm pipefan's and two DUCT's (3d printer) from 120mm to 100mm/150mm.
keep just an eye on the m³/h airblow!
https://www.ebay.de/itm/354876403200?_skw=rohrventilatoren&itmmeta=01JFNRJTP7EP3X9PFG178ST64J&hash=item52a0482e00:g:bDkAAOSwUbJkmp4L&itmprp=enc%3AAQAJAAAA0HoV3kP08IDx%2BKZ9MfhVJKnggZU2IPGO0gtaO8quzrRJWjJwKBKcfFzJKKBcfsJl3A%2B27DiAPdrfzDxFSW2rnxJwgIOCywPnB9uxJ2j43Tj%2BFCGCJ09deJUpEm%2FlF0RXdT4QpaN8qK5bMTNQ%2FjfcTXnBut9FuD9phYb6I7d4APddVz7vvF23l85VN%2B2P5gDMLQavjla6SS17%2B1IJKRLDgmHuW%2BAyP0xmjld0rDCY7%2Fupk3Aru4mfAJi2rsKNLH9JAAseBbU1d%2BKMC2QdYu3WCP8%3D%7Ctkp%3ABk9SR7Cry7j9ZA
https://www.ebay.de/itm/Kanal-Rohrventilator-Rohreinschub-Abluft-Lufter-Ventilator-Leise-100mm-150mm-/315971906787
this both are fine for L3's , just take one 100mm of the first link for BLOW-SIDE and one of the second link for the SUCTION-SIDE per one L3+/+ Miner. the cheaper one for the front/suction side both need 220V they are more than 50% quiet then the original FANs.
u can also use some little glass tanks or a building containing tanks for keeping fish and other water animals filled with Shell DIALA MINERAL OIL for immersion cooling a pump, two cooling devices for water cooling system and three 6" FANs per watercolling device to cooldown the oil, u need to dismount the FANs of the L3 or just cutting one cable per FAN then u dont need a extra cable wich fakes the FAN because the L3 dont has a immersion mode to bypass the fans for immersion cooling.
u can also use those pipefans for cooling the L7 and L9 but then in 150mm or maybe 200mm.
this pipefans are just 28/31 or 30/35 dB loud :-)
with blissz take 425MHZ and 13 (default) on Volting for significant Hashrate boost on the L3's (probably disable reboot on high asic failures, if ur mining on pps it does no matter.... just reboot the miner manualy every 24h because after 20-24hours the HW are uprising.
have fun
Just to make sure I'm doing everything right, am I not getting any replies to this because nobody really has the answers or advice, because this is the wrong place to ask for said advice, because it was in a huge wall of text that nobody wants to deal with reading through, or something else?
To answer one of your questions: https://www.akminer.com/, https://www.419mining.com/ or https://www.parallelminer.com/
I've bought from 419 & parallel in the past. Ak just come recommended by others but I have never used. There is also aliexpress but there is obvious risks there.
You might find better help for your questions on https://voskcointalk.com/.
I've been mulling over upgrading my miner recently and wanted to get some thoughts from real people who actually have some idea of what they're doing.
[insert huge wall of text here]
[insert huge wall of text here]
Just to make sure I'm doing everything right, am I not getting any replies to this because nobody really has the answers or advice, because this is the wrong place to ask for said advice, because it was in a huge wall of text that nobody wants to deal with reading through, or something else?
any plans to payout in more options than just ltc and doge?
i would like to see bells or luckycoin as an option
i would like to see bells or luckycoin as an option
No, there are currently no such plans.
Is there a list of all blockchains/coins currently being merge-mined? I feel like that would be interesting to look at.
On a (possibly) related note: Does anybody know what the recent jump in pps rate was caused by?
On a (possibly) related note: Does anybody know what the recent jump in pps rate was caused by?
We don't maintain a public list, but right now we are merge-mining: Bells, Canada eCoin, Dingocoin, Dogecoin, Luckycoin, Myriad, Pepecoin, Viacoin, Worldcoin.
The recent jump in PPS rate was mostly due to the rise in price of LKY.
any plans to payout in more options than just ltc and doge?
i would like to see bells or luckycoin as an option
Love the pool and about to launch my 5th L7, and looking to get an L9 started as well.
The reason I've stayed with Litecoinpool the longest and want to continue supporting the pools hash rate compared to your competitors is strictly because of the data and the gui you've provided, it's engaging to feel like you're competing for positions on a leaderboard.
I love seeing total amounts of hash rate contributed over the lifetime of a machine and seeing all the blocks my specific miners have found.
On that note it would be super cool to see the amount of Doge blocks our miners have found to appear on another cell in the layout. Not sure how much work it would be but I celebrate every time I find an LTC block. Could be cool to see it for Doge as well, I'm sure we would see them pop up more frequently.
Cheers,
Keep up the good work!
The reason I've stayed with Litecoinpool the longest and want to continue supporting the pools hash rate compared to your competitors is strictly because of the data and the gui you've provided, it's engaging to feel like you're competing for positions on a leaderboard.
I love seeing total amounts of hash rate contributed over the lifetime of a machine and seeing all the blocks my specific miners have found.
On that note it would be super cool to see the amount of Doge blocks our miners have found to appear on another cell in the layout. Not sure how much work it would be but I celebrate every time I find an LTC block. Could be cool to see it for Doge as well, I'm sure we would see them pop up more frequently.
Cheers,
Keep up the good work!
I love this pool as well for some of the same reasons. The gui is simple, lightweight, and effective. Hasn't had a major update in years because there's not really anything new to add to it that would make it better. Meanwhile lots of pools (and websites in general) have re-vamped their UI to have fancy animated effects, dynamic backgrounds, multiple layers that slide over each other, etc, etc. It's visually noisy, more resource intensive, and frankly just doesn't look very good. A nice, (mostly) static page is a plus for me.
Hey @pooler,
Love the pool and about to launch my 5th L7, and looking to get an L9 started as well.
The reason I've stayed with Litecoinpool the longest and want to continue supporting the pools hash rate compared to your competitors is strictly because of the data and the gui you've provided, it's engaging to feel like you're competing for positions on a leaderboard.
I love seeing total amounts of hash rate contributed over the lifetime of a machine and seeing all the blocks my specific miners have found.
On that note it would be super cool to see the amount of Doge blocks our miners have found to appear on another cell in the layout. Not sure how much work it would be but I celebrate every time I find an LTC block. Could be cool to see it for Doge as well, I'm sure we would see them pop up more frequently.
The second point I wanted to bring up is some mining re-salers are offering commission based incentives. If you buy a miner with the reseller, and use one of their affiliated pools, you get credit with the reseller overtime. Could be a good incentive to get more miners on board.
https://bt-miners.com/products/fluminer-l1-litecoin-dogecoin-miner-5-3gh-s-bt-miners/
If you scroll down on this link, you'll see the commission based incentives.
Cheers,
Keep up the good work!
Love the pool and about to launch my 5th L7, and looking to get an L9 started as well.
The reason I've stayed with Litecoinpool the longest and want to continue supporting the pools hash rate compared to your competitors is strictly because of the data and the gui you've provided, it's engaging to feel like you're competing for positions on a leaderboard.
I love seeing total amounts of hash rate contributed over the lifetime of a machine and seeing all the blocks my specific miners have found.
On that note it would be super cool to see the amount of Doge blocks our miners have found to appear on another cell in the layout. Not sure how much work it would be but I celebrate every time I find an LTC block. Could be cool to see it for Doge as well, I'm sure we would see them pop up more frequently.
The second point I wanted to bring up is some mining re-salers are offering commission based incentives. If you buy a miner with the reseller, and use one of their affiliated pools, you get credit with the reseller overtime. Could be a good incentive to get more miners on board.
https://bt-miners.com/products/fluminer-l1-litecoin-dogecoin-miner-5-3gh-s-bt-miners/
If you scroll down on this link, you'll see the commission based incentives.
Cheers,
Keep up the good work!
I've been mulling over upgrading my miner recently and wanted to get some thoughts from real people who actually have some idea of what they're doing.
I first joined the pool in March of 2015 playing around with CPU and GPU mining mostly for fun. I eventually got a pair of those 5 chip LTC+BTC dual miners (orb something, I'd have to dig them out to see what they were called. One of them actually found a LTC block which was super cool!) My current setup consists of 2 L3's running Blissz 1.0.2. I got the first one in April of 2021 and the second in March of 2022. Neither one has been running nonstop since then, but they've both gotten a pretty decent amount of use. (In retrospect I shouldn't have gotten the second one however) I considered getting an L7 when they came out after the crypto bubble burst around that time and used miner prices dropped, but between the amount of power they draw, the excessive noise, the requirement for 220V, and the much higher upfront cost, I didn't end up getting one.
At this point I'm once again considering upgrading, but now things are even more complicated with the L9 being in the picture. Ultimately it has many of the same issues, ie noise, high power draw, 220V requirement, and still more expensive than an L7. As far as I can tell, the L7 is still profitable with a rather healthy margin, but obviously over time that will probably drop, and sooner than the L9.
I've been thinking about how I would address some of the barriers and would love if someone(s) could give me some feedback on it.
The noise is one of the biggest concerns I have. I run my L3's in the garage in the winter and that keeps them very comfortably quiet. (at the moment one is running ~2100 rpm and the other is ~2000 rpm) (I only tried installing Blissz on them last winter and immediately wish I had done it a loooong time ago, I'm amazed at how much quieter and more efficient I've been able to get them with it!) Anyway, I'm guessing that both the L7 and L9 would probably be substantially louder if for no other reason than they have 4 120 mm fans and 3 smaller ones for the built in PSU. However I think any noise issue could be solved by using a water cooling setup. From what I've seen, the L7 has a bunch of small heatsinks on the back of each board held on with some kind of permanent thermal adhesive/epoxy much like the L3 has on each individual ASIC, but the chips themselves are cooled with a single BIG heatsink that uses thermal compound and spring-loaded screws to keep it in good thermal contact, much like a regular computer CPU. If this *is* actually how it is configured, it seems like it shouldn't be too hard to buy or even make an easy-to-install water cooling system. (I'm almost certain I have all the tools needed to make my own water blocks, but it may or may not be easier to just buy them)
The power requirements are the other big concern. The biggest issue is needing 220V power. Living in the USA, most of the outlets in my house are 120V. We do have 220V power in our garage for a heater we rarely use, but it would require at least a little bit of re-wiring as it is hard wired directly into the junction box. Additionally, it happens to be on the opposite side of the garage from where I keep the miners, and running an L7 or L9 where the junction box would be less than ideal. (The L3's are located on the far side because none of the walls directly directly border any walls with the interior of the house, so it makes them totally silent from inside the house. There's also a lot more extra space over there, which would be especially nice if I added a water cooling system) We also have a pair of 220V circuits in a workshop I could use, but that isn't at our house. (My dad owns a business and he also loves tools, etc so he had a mini "warehouse" space added to the building when it was built, and a decent portion of it is a little machine shop) This comes with it's own disadvantages, as if it was going to live there it would definitely need to be fairly quiet so it doesn't interfere with the actual office part of the building. (nobody wants a distant hum/whine while they're trying to work) I also would have to ask our tech guy to make sure I could remotely access it securely, and I don't want to bother him too much if I can avoid it. I also wouldn't want to risk it interfering with their system in any other way either. The third option might be the easiest but to me also feels more sketchy than the other options. I'm reasonably sure there are at least 2 separate 120V circuits in our garage, and in theory I should be able to buy or DIY a cable that plugs into both of them in such a way as to put the two hot lines in series, giving me 240V. Basically I have 2 male connectors leading into 1 female connector. Obviously I would double and triple check that every part of the system, ie the breakers, the wiring in the walls, and any cables/connectors used could handle the current and voltage, but again in theory this should work. (On a semi-related note: I'm assuming that those heavy cables that split into 2 standard AC computer PSU cables are safe to use, and I don't need 2 separate cables coming from 2 separate 220V outlets?)
Another thing that might be worth asking is where a good place to buy one of these things is these days? Every miner I've owned has been bought used on ebay and I've never gotten scammed or had negative experiences with that, but I don't know if there are places where you can get them a bit cheaper without sacrificing the assurance that comes with buying something on ebay.
Finally, there's just the unanswerable question of "Should I even pursue this at all?" I miss the old days of low power, low noise, low cost miners that can comfortably live in your house. I feel like long term I don't need to worry about the upfront investment either way, but it's still a lot of money and its still resource intensive, single purpose hardware. I have a feeling that crypto in general is probably going to go up in the next few years, and that would probably mean now is the time to buy a new machine if I'm going to do it. (let's not get into politics, but with certain people in certain positions who have certain attitudes towards certain coins/chains, I think it's reasonably safe to say a catastrophic price drop in the near future is unlikely, and I wouldn't be surprised to see an increase either)
Anyway, sorry for the huge post that probably has more details and tangents than is strictly necessary, but this seemed as good a place as any to try and get some feedback from people who know at least as much as me and probably a LOT more. (I'm more knowledgeable than a your average random person walking down the street, but certainly far from an expert) I'd appreciate any thoughts, comments, critiques, ideas, etc anybody has!
I first joined the pool in March of 2015 playing around with CPU and GPU mining mostly for fun. I eventually got a pair of those 5 chip LTC+BTC dual miners (orb something, I'd have to dig them out to see what they were called. One of them actually found a LTC block which was super cool!) My current setup consists of 2 L3's running Blissz 1.0.2. I got the first one in April of 2021 and the second in March of 2022. Neither one has been running nonstop since then, but they've both gotten a pretty decent amount of use. (In retrospect I shouldn't have gotten the second one however) I considered getting an L7 when they came out after the crypto bubble burst around that time and used miner prices dropped, but between the amount of power they draw, the excessive noise, the requirement for 220V, and the much higher upfront cost, I didn't end up getting one.
At this point I'm once again considering upgrading, but now things are even more complicated with the L9 being in the picture. Ultimately it has many of the same issues, ie noise, high power draw, 220V requirement, and still more expensive than an L7. As far as I can tell, the L7 is still profitable with a rather healthy margin, but obviously over time that will probably drop, and sooner than the L9.
I've been thinking about how I would address some of the barriers and would love if someone(s) could give me some feedback on it.
The noise is one of the biggest concerns I have. I run my L3's in the garage in the winter and that keeps them very comfortably quiet. (at the moment one is running ~2100 rpm and the other is ~2000 rpm) (I only tried installing Blissz on them last winter and immediately wish I had done it a loooong time ago, I'm amazed at how much quieter and more efficient I've been able to get them with it!) Anyway, I'm guessing that both the L7 and L9 would probably be substantially louder if for no other reason than they have 4 120 mm fans and 3 smaller ones for the built in PSU. However I think any noise issue could be solved by using a water cooling setup. From what I've seen, the L7 has a bunch of small heatsinks on the back of each board held on with some kind of permanent thermal adhesive/epoxy much like the L3 has on each individual ASIC, but the chips themselves are cooled with a single BIG heatsink that uses thermal compound and spring-loaded screws to keep it in good thermal contact, much like a regular computer CPU. If this *is* actually how it is configured, it seems like it shouldn't be too hard to buy or even make an easy-to-install water cooling system. (I'm almost certain I have all the tools needed to make my own water blocks, but it may or may not be easier to just buy them)
The power requirements are the other big concern. The biggest issue is needing 220V power. Living in the USA, most of the outlets in my house are 120V. We do have 220V power in our garage for a heater we rarely use, but it would require at least a little bit of re-wiring as it is hard wired directly into the junction box. Additionally, it happens to be on the opposite side of the garage from where I keep the miners, and running an L7 or L9 where the junction box would be less than ideal. (The L3's are located on the far side because none of the walls directly directly border any walls with the interior of the house, so it makes them totally silent from inside the house. There's also a lot more extra space over there, which would be especially nice if I added a water cooling system) We also have a pair of 220V circuits in a workshop I could use, but that isn't at our house. (My dad owns a business and he also loves tools, etc so he had a mini "warehouse" space added to the building when it was built, and a decent portion of it is a little machine shop) This comes with it's own disadvantages, as if it was going to live there it would definitely need to be fairly quiet so it doesn't interfere with the actual office part of the building. (nobody wants a distant hum/whine while they're trying to work) I also would have to ask our tech guy to make sure I could remotely access it securely, and I don't want to bother him too much if I can avoid it. I also wouldn't want to risk it interfering with their system in any other way either. The third option might be the easiest but to me also feels more sketchy than the other options. I'm reasonably sure there are at least 2 separate 120V circuits in our garage, and in theory I should be able to buy or DIY a cable that plugs into both of them in such a way as to put the two hot lines in series, giving me 240V. Basically I have 2 male connectors leading into 1 female connector. Obviously I would double and triple check that every part of the system, ie the breakers, the wiring in the walls, and any cables/connectors used could handle the current and voltage, but again in theory this should work. (On a semi-related note: I'm assuming that those heavy cables that split into 2 standard AC computer PSU cables are safe to use, and I don't need 2 separate cables coming from 2 separate 220V outlets?)
Another thing that might be worth asking is where a good place to buy one of these things is these days? Every miner I've owned has been bought used on ebay and I've never gotten scammed or had negative experiences with that, but I don't know if there are places where you can get them a bit cheaper without sacrificing the assurance that comes with buying something on ebay.
Finally, there's just the unanswerable question of "Should I even pursue this at all?" I miss the old days of low power, low noise, low cost miners that can comfortably live in your house. I feel like long term I don't need to worry about the upfront investment either way, but it's still a lot of money and its still resource intensive, single purpose hardware. I have a feeling that crypto in general is probably going to go up in the next few years, and that would probably mean now is the time to buy a new machine if I'm going to do it. (let's not get into politics, but with certain people in certain positions who have certain attitudes towards certain coins/chains, I think it's reasonably safe to say a catastrophic price drop in the near future is unlikely, and I wouldn't be surprised to see an increase either)
Anyway, sorry for the huge post that probably has more details and tangents than is strictly necessary, but this seemed as good a place as any to try and get some feedback from people who know at least as much as me and probably a LOT more. (I'm more knowledgeable than a your average random person walking down the street, but certainly far from an expert) I'd appreciate any thoughts, comments, critiques, ideas, etc anybody has!
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