Topic: NERDMINER: Bitcoin lottery miners (Read 816 times)
Do you plan to add new boards in the future?
Seems like Canaan is getting interested in the idea of downsizing, not to 5w but 150W for now, not going to advertise the thing here since it already has it's own topic but I find it surprisingly the seeing the big guys going down this route. So, let's see how that part about economically viable plays out!
Can you provide the link to this topic?
I happened to see this ad on their website a few days ago, but I haven't read anything about it here yet.
I found this little new website called www.solochance.com.
I'm a bit confused:
But I don't have 5m S19 to test how accurate it is
Anyhow, came back here because of this:
What would it take to add a small ASIC miner into this? Would it be possible to take 1/1000th of the chips of an ASIC miner, and instead of 3500W run at 5W (a bit more per hash but still small enough to run off USB power)? It would be great for decentralization to have millions of people do some mining, but I guess the market isn't big enough to make production economically viable.
Seems like Canaan is getting interested in the idea of downsizing, not to 5w but 150W for now, not going to advertise the thing here since it already has it's own topic but I find it surprisingly the seeing the big guys going down this route. So, let's see how that part about economically viable plays out!
(Based on this chance I'll want to try it.
In this sense, maybe buy this: https://aliexpress.com/item/1005006102451859.html
Good choice?
I found this little new website called www.solochance.com.
There, you can plug your Hashpower, and find out the computations, updated in real-time, about the chances of finding a block:
Funny.
I just discovered you need 18,000 s21 to expect to mine a block a day.
There, you can plug your Hashpower, and find out the computations, updated in real-time, about the chances of finding a block:
Funny.
I just discovered you need 18,000 s21 to expect to mine a block a day.
Just registered on this legendary forum. Although there is almost no chance of solving a block with a Nerdminer, I think the project is extremely interesting. It's also cool how it's constantly being developed by the community.
New Firmware has been released.
Update 1.16.3 grants a certain boost in performance.
You can get your update from the usual source:
https://bitmaker-hub.github.io/diyflasher/
The upgrade allows for a 77/80 Kh/s rate.
Update 1.16.3 grants a certain boost in performance.
You can get your update from the usual source:
https://bitmaker-hub.github.io/diyflasher/
The upgrade allows for a 77/80 Kh/s rate.
Did you actually read the thread?
Oh forget the thread, did you read the FIRST paragraph? The one with red letters?
Lol.Oh forget the thread, did you read the FIRST paragraph? The one with red letters?
Greenhouses in the Netherlands used to use electricity from the grid for lights, and natural gas for heat and CO2. Natural gas was very cheap (for them). Later, they became power producers by running their own gas turbines. They still got the CO2 and most of the heat, but at lower price.
Nowadays, with much higher gas prices, they (also) use industrial waste heat, and industrial waste CO2.
Gas turbines can be combined with steam turbines to further improve the efficiency. That's possible because the exhaust gasses coming out of the gas turbines still have a very high temperature.
As far as using miner heat goes: it's futile. Low-temperate heat has a very low value (think about the Carnot cycle in physics). The heat isn't produced on locations where it's useful. I'm familiar with the edge case of using Bitcoin miners to heat greenhouses. The flaw is: it replaces electric heaters. You shouldn't use electric heaters in the first place, and I'm pretty sure you can get a better business case with a different heating system.
There's a reason Bitcoin miners are concentrated in areas with low electricity prices. Using the waste heat isn't enough to make up for high prices.
~
Of course, all the other conditions, namely efficiency at the hash machine and price of production factors (electricity, miners), have to be accounted for to prospect a true economic return.That's the thing I was trying to point out, maybe it got the wrong way and emphasis on a different thing but none of those devices will ever make sense economically matter how you pack them or to what other thing you glue them to, and people should really stop treating them as miners and look at the cost and revenue. Those are more like toys or collectibles or the stuff you buy out of curiosity, I don't think anyone plans to go into the printing business with a 30$ machine or bake goods for its bakery with a single microwave.
It's a fun thing, and it does its job but to be completely honest if it were about learning only I would advise everyone to simply buy an old miner that goes for the same price as those USB miners and explore that since for $40 you can still get a running S9. You don't need to keep it running 24/7 if you're only learning, and you would deal with a real ASIC, not to mention all the experience gained when that 5yo miner starts to give errors, disconnect, reboot, and lose power all by himself
Pretty much depends on what you want to do and what you want to learn from it.
My idea is ASIC Bitcoin mining farms can install those Nerdminer equipment and do mini solo mining to try their luck. I believe it does not cause any big cost on those big mining farms.
~
Analyzing cost and benefit, I see it is worthy for big ASIC mining farm operators to try with NerdMiner.
~
Analyzing cost and benefit, I see it is worthy for big ASIC mining farm operators to try with NerdMiner.
Did you actually read the thread?
Oh forget the thread, did you read the FIRST paragraph? The one with red letters?
I have a shower idea that we know heat from Bitcoin mining can be reused for water heating, tulip bulb heating and more types of heat to energy conversion. It helps to use power and heat in Bitcoin mining cycle better.
My idea is ASIC Bitcoin mining farms can install those Nerdminer equipment and do mini solo mining to try their luck. I believe it does not cause any big cost on those big mining farms.
Analyzing cost and benefit, I see it is worthy for big ASIC mining farm operators to try with NerdMiner.
My idea is ASIC Bitcoin mining farms can install those Nerdminer equipment and do mini solo mining to try their luck. I believe it does not cause any big cost on those big mining farms.
Analyzing cost and benefit, I see it is worthy for big ASIC mining farm operators to try with NerdMiner.
<...>
I can get a BM1398BB for 20$ via trusty sources and for $10 via less trusty ones and basically no guarantee for DOA, how could I compete with my home-built miner when the 342 chips packed in miner with 1 one-year warranty sell for under 3k?
I can get a BM1398BB for 20$ via trusty sources and for $10 via less trusty ones and basically no guarantee for DOA, how could I compete with my home-built miner when the 342 chips packed in miner with 1 one-year warranty sell for under 3k?
When I referred to mining efficiency I never meant to state you would be competing with professional miners on an economic basis. I think I made sufficiently clear those machines are meant only for educational purposes.
I instead stated that the mining efficiency of a single basic chip could be comparable to the one of a single chip on a professional mining machine.
Of course, all the other conditions, namely efficiency at the hash machine and price of production factors (electricity, miners), have to be accounted for to prospect a true economic return.
How about this: put one of those chips in other hardware! If that would be possible without raising the price per hash too much, it could have a market.
Yeah, bring back the miner toaster:
https://www.financemagnates.com/cryptocurrency/news/is-someone-using-your-toaster-to-mine-bitcoin-it-may-be-possible-in-todays-internet-of-things/
This won't be posisble
- it will raise the price of cheap electronics by too much, you need the chip, the board, and integrate it in the design, not worth
- large companies won't do it because they know consumers won't buy this new thing, and a few influencers doing so for fun is nothing compared to the millions that don't want it
- it adds a lot of possible problems, they need a new branch of customer support/tech/repair/design to deal with those and their gain in this?
No, the combining has failed, not for toasters or tvs or fridges, but even when we talk about heating, I've seen tens of strat-ups that wanted to sell you a bitcoin heater or water heater go bust because it doesn't make sense economically.
But, I have to add this as it's just so funny!
A 8TB SSD is too expensive so god forbid we would increase the block size to 4x times as it would put us in the hands of google and amazon, but of course, having 4 million people hosting a 3000w and $3k machine or 40 million at least a 500W (less efficiency, not all running 24/7) one to achieve decentralization is totally doable!!!!!
Mining efficiency is the same at chip level. Of course having 300 chip together make the machine more efficient, and for this reason industrial miners are built with so many chips.
As long as any other device is using Bitmain chips you will never! and I say never!!!! be able to compete with them even if you try building your 100+ chp hashboard. Once there is somebody else making those chips and selling them at basically manufacturing cost price, you could have a chance, till then, never!
I can get a BM1398BB for 20$ via trusty sources and for $10 via less trusty ones and basically no guarantee for DOA, how could I compete with my home-built miner when the 342 chips packed in miner with 1 one-year warranty sell for under 3k?
Interesting thread OP 
You maybe could be interested about the topic I made for the begginers, related to Gekkoscience products : My USB SHA256 lottery
However, I would prefer to promote the Bitaxe project or Gekkoscience's products than Nerdminer.
I am a big fan of solo mining, home mining, and of USB mining especially since I know that most fellow Europeans don't have the luck of paying a cheap kw/h. So we know most of them are doing that as a random lottery, or for the beauty of learning something.
My point is, that they could learn the same things with Bitaxe and Gekko products, and they will have a small chance to find a block. For example, someone found a block with a Compac F recently.
With nerdminer, they will learn more or less the same things, but the hashrate doesn't give any chance to find a block.
Ok, a R606 or R909 is not standalone, but will give a very good experience to anybody interested by home mining.
You maybe could be interested about the topic I made for the begginers, related to Gekkoscience products : My USB SHA256 lottery
However, I would prefer to promote the Bitaxe project or Gekkoscience's products than Nerdminer.
I am a big fan of solo mining, home mining, and of USB mining especially since I know that most fellow Europeans don't have the luck of paying a cheap kw/h. So we know most of them are doing that as a random lottery, or for the beauty of learning something.
My point is, that they could learn the same things with Bitaxe and Gekko products, and they will have a small chance to find a block. For example, someone found a block with a Compac F recently.
With nerdminer, they will learn more or less the same things, but the hashrate doesn't give any chance to find a block.
Ok, a R606 or R909 is not standalone, but will give a very good experience to anybody interested by home mining.
In my forum wanderings, I just discovered that BITAXE has a thread on the forum:
Open Source Bitcoin ASIC miner project that uses 2x BM1387 (Antminer S9)
Title reference to an old project version that used two chips instead of a single one.
Adding the reference to OP as well.
Open Source Bitcoin ASIC miner project that uses 2x BM1387 (Antminer S9)
Title reference to an old project version that used two chips instead of a single one.
Adding the reference to OP as well.
It would need to cost about $15-20 to be worth it.
Mining efficiency is the same at chip level. Of course having 300 chip together make the machine more efficient, and for this reason industrial miners are built with so many chips.Bitaxe cost is outrageous, we do agree
There is no “other hardware” to connect to that chip.
That is a closed-source, proprietary undocumented chip. The community is trying to squeeze hash rate out if this with open-sourc, custom-built hardware.
The bitaxe is self-sufficient. It doesn’t need to be connected to other devices (we might not be there as of today, but very close): neither PC nor HW.
It would need to cost about $15-20 to be worth it.
Mining efficiency is the same at chip level. Of course having 300 chip together make the machine more efficient, and for this reason industrial miners are built with so many chips.Bitaxe cost is outrageous, we do agree
But also, for the twofold reason I explained in the OP, these are useful gadgetry for at least the couple of reasons I outliner there.
I know for a fact that you can use LILYGO T-Display to create bitcoin wallet, something similar like DIY hardware wallet, and I also seen people are using them to make DIY bitcoin clock showing price and blocks, LNURLPoS, etc.I wrote about some of thisprojects before, so anyone who don't want to use this device as Nerdminer anymore can easily transition to any other project.
It really sucks that laws of scale made miners so large, power hungry and loud to be efficient.
There are some near-silent asic miners, but this cases or enclosures are only making asic miners bigger It would need to cost about $15-20 to be worth it.
Mining efficiency is the same at chip level. Of course having 300 chip together make the machine more efficient, and for this reason industrial miners are built with so many chips.
Bitaxe cost is outrageous, we do agree (and I guess the final cost could be double of what you mentioned above). Bear in mind that the project is till in the tinkering phase: both software and hardware are continuously updated and optimised. This keeps cost high, because limit the volume production. I guess that once platform stabilise prices will go down sharply.
This is exactely the Bitaxe project I described in the OP.
I didn't check the link before. I did just now: $95 for 1/330th of the power of an ASIC miner. That's 1/41th of the price.It would need to cost about $15-20 to be worth it.
Mining efficiency is the same at chip level. Of course having 300 chip together make the machine more efficient, and for this reason industrial miners are built with so many chips.
Bitaxe cost is outrageous, we do agree (and I guess the final cost could be double of what you mentioned above). Bear in mind that the project is till in the tinkering phase: both software and hardware are continuously updated and optimised. This keeps cost high, because limit the volume production. I guess that once platform stabilise prices will go down sharply.
This is exactely the Bitaxe project I described in the OP.
I didn't check the link before. I did just now: $95 for 1/330th of the power of an ASIC miner. That's 1/41th of the price.It would need to cost about $15-20 to be worth it.
This is a non-profit project. That is a no profit for the user. With such a setup, you won't probably mine a single satoshi in your lifetime. This is NOT for economic profit. The total loss of monetary funds invested in this project is almost inevitable.
~
The nerdminer is 1,500,000 times less efficient than a miner.
What would it take to add a small ASIC miner into this? Would it be possible to take 1/1000th of the chips of an ASIC miner, and instead of 3500W run at 5W (a bit more per hash but still small enough to run off USB power)? It would be great for decentralization to have millions of people do some mining, but I guess the market isn't big enough to make production economically viable. You'd have to produce many millions of them to get the price low enough to sell them, and still they'd have to compete against millions of ASIC miners that are a thousand times more powerful.~
The nerdminer is 1,500,000 times less efficient than a miner.
I'd like it though! It would still be not for profit, but at least there would be some chance to find a block.
i find it's a shame ASIC chip isn't used in any way.
It really sucks that laws of scale made miners so large, power hungry and loud to be efficient.This is exactely the Bitaxe project I described in the OP.
It’s a 300nthish of a S17 or of a S19, depending on the version.
It utilises a single instance of the very same ASICS chip instead of the roughly 300 you can find on an industrial miner.
As you are the second one asking this, I probably didn’t put enough emphasis on this in the OP. I am going to fix it soon.
This is a non-profit project. That is a no profit for the user. With such a setup, you won't probably mine a single satoshi in your lifetime. This is NOT for economic profit. The total loss of monetary funds invested in this project is almost inevitable.
~
The nerdminer is 1,500,000 times less efficient than a miner.
What would it take to add a small ASIC miner into this? Would it be possible to take 1/1000th of the chips of an ASIC miner, and instead of 3500W run at 5W (a bit more per hash but still small enough to run off USB power)? It would be great for decentralization to have millions of people do some mining, but I guess the market isn't big enough to make production economically viable. You'd have to produce many millions of them to get the price low enough to sell them, and still they'd have to compete against millions of ASIC miners that are a thousand times more powerful.~
The nerdminer is 1,500,000 times less efficient than a miner.
I'd like it though! It would still be not for profit, but at least there would be some chance to find a block.
i find it's a shame ASIC chip isn't used in any way.
It really sucks that laws of scale made miners so large, power hungry and loud to be efficient. Refer to "this" part.
I saw the image from HAN solo miner yesterday and see Solo CK pool there. I felt strange but did not read the part you helped me to notice. Thank you.Thanks for the articles, although i'm already aware of that. But what i actually asked was technical comparison such as uptime, latency and block propagation speed. Although it's hard to compare block propagation speed between two pool.
Block propagation speed, do you imply about this?SoloCk pool information. If you click on Backward arrow, you will see a diagram (I don't know what it is called exactly) for blocks found by Solo CK pool in previous years. It looks like coding activities from coders on Github.
Under that diagram, you have a list of all blocks found by Solo CK pool.
Quote
Height
803,821
795,268
793,607
790,958
782,867
782,845
780,525
780,112
777,942
772,793
752,868
733,739
721,575
721,310
720,175
718,379
718,124
712,217
706,369
689,382
660,588
632,928
621,073
618,616
600,292
566,324
533,171
528,266
517,871
503,670
500,433
497,143
495,939
489,739
486,481
484,634
483,272
481,738
479,926
477,392
476,641
470,010
464,144
460,488
459,083
453,586
453,478
450,328
447,476
445,852
445,700
445,574
445,453
445,184
445,130
439,843
438,480
437,423
437,179
437,084
436,237
435,522
435,447
434,586
434,122
434,068
433,676
433,648
432,875
432,831
432,676
432,410
432,266
432,229
431,750
430,218
430,118
429,912
429,853
429,098
428,055
425,402
425,293
424,265
423,935
422,592
420,960
420,845
420,115
416,798
416,419
414,214
413,847
411,709
411,682
410,586
409,719
408,810
408,758
407,987
407,691
407,492
404,180
402,584
401,934
401,896
401,746
401,604
401,205
401,092
400,982
400,770
400,767
400,331
400,030
399,709
398,047
396,990
396,941
395,783
395,087
394,946
394,940
394,871
394,522
393,904
392,434
392,242
391,994
391,878
390,217
390,122
389,685
388,950
388,744
388,677
388,540
388,533
387,943
387,759
387,490
387,235
386,774
386,226
385,691
385,022
384,882
384,213
384,054
383,693
383,489
382,903
382,610
382,552
382,305
382,279
382,115
381,894
381,860
381,610
381,311
381,286
380,269
379,709
379,339
379,035
378,944
378,765
378,328
377,713
377,550
376,878
376,717
376,196
374,057
373,891
373,814
373,703
373,647
373,334
373,146
373,137
372,974
372,935
372,306
371,637
369,506
369,164
369,083
369,030
368,725
368,152
368,108
367,990
367,231
367,073
367,056
366,796
365,342
364,927
364,822
364,695
364,037
363,679
362,799
362,389
361,346
360,687
360,325
359,823
359,502
359,100
358,774
358,682
358,109
357,922
357,904
357,840
357,759
357,513
357,271
357,041
357,022
356,928
356,912
356,675
356,546
356,287
356,223
356,026
355,517
354,990
354,905
354,267
354,133
353,879
353,759
352,532
352,484
352,163
352,002
351,709
351,364
349,946
349,800
346,340
344,466
342,725
341,702
341,566
339,391
339,021
338,663
338,629
338,121
337,531
336,004
333,844
332,878
326,617
321,919
803,821
795,268
793,607
790,958
782,867
782,845
780,525
780,112
777,942
772,793
752,868
733,739
721,575
721,310
720,175
718,379
718,124
712,217
706,369
689,382
660,588
632,928
621,073
618,616
600,292
566,324
533,171
528,266
517,871
503,670
500,433
497,143
495,939
489,739
486,481
484,634
483,272
481,738
479,926
477,392
476,641
470,010
464,144
460,488
459,083
453,586
453,478
450,328
447,476
445,852
445,700
445,574
445,453
445,184
445,130
439,843
438,480
437,423
437,179
437,084
436,237
435,522
435,447
434,586
434,122
434,068
433,676
433,648
432,875
432,831
432,676
432,410
432,266
432,229
431,750
430,218
430,118
429,912
429,853
429,098
428,055
425,402
425,293
424,265
423,935
422,592
420,960
420,845
420,115
416,798
416,419
414,214
413,847
411,709
411,682
410,586
409,719
408,810
408,758
407,987
407,691
407,492
404,180
402,584
401,934
401,896
401,746
401,604
401,205
401,092
400,982
400,770
400,767
400,331
400,030
399,709
398,047
396,990
396,941
395,783
395,087
394,946
394,940
394,871
394,522
393,904
392,434
392,242
391,994
391,878
390,217
390,122
389,685
388,950
388,744
388,677
388,540
388,533
387,943
387,759
387,490
387,235
386,774
386,226
385,691
385,022
384,882
384,213
384,054
383,693
383,489
382,903
382,610
382,552
382,305
382,279
382,115
381,894
381,860
381,610
381,311
381,286
380,269
379,709
379,339
379,035
378,944
378,765
378,328
377,713
377,550
376,878
376,717
376,196
374,057
373,891
373,814
373,703
373,647
373,334
373,146
373,137
372,974
372,935
372,306
371,637
369,506
369,164
369,083
369,030
368,725
368,152
368,108
367,990
367,231
367,073
367,056
366,796
365,342
364,927
364,822
364,695
364,037
363,679
362,799
362,389
361,346
360,687
360,325
359,823
359,502
359,100
358,774
358,682
358,109
357,922
357,904
357,840
357,759
357,513
357,271
357,041
357,022
356,928
356,912
356,675
356,546
356,287
356,223
356,026
355,517
354,990
354,905
354,267
354,133
353,879
353,759
352,532
352,484
352,163
352,002
351,709
351,364
349,946
349,800
346,340
344,466
342,725
341,702
341,566
339,391
339,021
338,663
338,629
338,121
337,531
336,004
333,844
332,878
326,617
321,919
https://www.talkimg.com/images/2023/09/16/6Ij1T.jpeg
~Snipped~
Withe the latest firmware, the total hashpower of this device is 55Kh/s maximum (peak value, not sustained).
Have you tried pairing it with one of those tiny fans to see if the airflow improvement would be good enough to deal with the thermal throttling so it could sustain that hashrate?~Snipped~
Withe the latest firmware, the total hashpower of this device is 55Kh/s maximum (peak value, not sustained).
The following is the full list of boards capable of running 1.61.
And "1.6.2" as well Refer to "this" part.
If you are still undecided, this is the definitive comparison chart:
Now you officially have no reason not to buy a nerdminer!
Just for the lols, guys.
Now you officially have no reason not to buy a nerdminer!
Just for the lols, guys.
What a great post fillippone, I like the idea of this type of miner. I have seen the USB miners which are very compact and serve the purpose however this miner does two things with one.
I just checked on the website, fully assembled with a default black fan costs 56 € and the best part is it's power consumption. costing you only 2$ a year to have it powered, can give anyone a sense of mining without actually being heavily invested or taking care of big machinery in their small sized apartments.
I just checked on the website, fully assembled with a default black fan costs 56 € and the best part is it's power consumption. costing you only 2$ a year to have it powered, can give anyone a sense of mining without actually being heavily invested or taking care of big machinery in their small sized apartments.
I didn't know there are other Bitcoin solo pool besides solo ckpool. Do you know how reliable is it compared with solo ckpool?
Some articles with reported found blocks by Solo mining pool ckpool.Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000
Solo Bitcoin miner defies odds to mine valid BTC block, gets $150K block reward
Another Lucky Solo Miner Nabs $160,000 Bitcoin Block Reward
Solo CK pool's miners found 3 blocks according to three articles since 2022, maybe more I don't know but I see this information is very confusing.
Sincerely, I have no idea. I guess the pool hasn’t mined a single bitcoin so far.
Likely that pool has yet mined any Bitcoin block so far. There are 99 mining pools in this list, SoloCK is there but HAN is not. While it's fun project, i find it's a shame ASIC chip isn't used in any way. By ASIC chip, i mean something like BM1387 (which used on Antminer S17 and GekkoScience Compac F).
For this, you can go to the Bitaxe project, who uses exactly that chip, or the S19’s chip in the Ultra version.
All the references are in OP.
I didn't know there are other Bitcoin solo pool besides solo ckpool. Do you know how reliable is it compared with solo ckpool?
Sincerely, I have no idea. I guess the pool hasn’t mined a single bitcoin so far.
But I think you can join other pools as well.
You forget to include actual link for Han Solo Mining.
That has been fixed, thanks. 
While it's fun project, i find it's a shame ASIC chip isn't used in any way. By ASIC chip, i mean something like BM1387 (which used on Antminer S17 and GekkoScience Compac F). Although on bright side, they can promote their device to altcoin (which can be mined with CPU) community such as Monero.
I didn't know there are other Bitcoin solo pool besides solo ckpool. Do you know how reliable is it compared with solo ckpool?
You forget to include actual link for Han Solo Mining.
I didn't know there are other Bitcoin solo pool besides solo ckpool. Do you know how reliable is it compared with solo ckpool?
| Han Solo Mining | Where all this started. Valerio Vaccaro is still developing HanSolo miners. He is adding support to new boards and improving the current software. All this work might eventually be merged in the nerdminer code. |
You forget to include actual link for Han Solo Mining.
Interesting little project that it's relative easy to make it, I know LILYGO T-Display is dirt cheap to buy and it's widely available on internet.
Code for nerdminer is open source and that is great, but I think this would be useful only if I had time machine to get back in past and actually mine some BTC
Code for nerdminer is open source and that is great, but I think this would be useful only if I had time machine to get back in past and actually mine some BTC
Mixed feelings about this.
Of course, going back to 2010, when these devices could have been used to mine some bitcoin would be extremely useful, with or without a nerdminer.
But also, for the twofold reason I explained in the OP, these are useful gadgetry for at least the couple of reasons I outliner there.
Interesting little project that it's relative easy to make it, I know LILYGO T-Display is dirt cheap to buy and it's widely available on internet.
Code for nerdminer is open source and that is great, but I think this would be useful only if I had time machine to get back in past and actually mine some BTC
Code for nerdminer is open source and that is great, but I think this would be useful only if I had time machine to get back in past and actually mine some BTC
I added a small spreadsheet on the OP.
Clicking on that you can have a real time overview of how your nerdminer compares to the total hashpower, with associated silly statistics on how many times the universe-age period you have to wait to mine a block!
Clicking on that you can have a real time overview of how your nerdminer compares to the total hashpower, with associated silly statistics on how many times the universe-age period you have to wait to mine a block!
Also bitaxe is not profitable, as it is orders or magnitude less efficient than a modern ASICs.
The only relevant difference is that the chip is an actual ASIC, not a generic chip as for the S3
Okay it is nice to have your confirmation and to know it is not profitable. The only relevant difference is that the chip is an actual ASIC, not a generic chip as for the S3
Because I was confused, when it says here it is for profitability by calling it efficient and competitive:
Also, it says "democratize Bitcoin mining" but it doesn't democratize Bitcoin mining at all because it's a marketing lie from BitAxe because it won't be bought by a large number of people to create hashpower due to lack of profitability?
Wow, interesting, is it an innovation from Italy?
I'm not Nerd and also not Miner at all but for professionals, it seems to be an really interesting opportunity to do research about mining and it's no need to organize an expencive miner from China to study it because your described veariant is all meant to address it if a professional wants to do a research or a study. Maybe your topic will have better audience in experts section of Bitcointalk like "Development & Technical Discussion".
For an innovation viewpoint, it's an attractive consideration even when it's not economically intended to generate much coin. But if I understand your post correctly, it is not intended to engage in profit, just educational and innovalive purpose, while BitAxe is intended to generate a profit of mined coin?
I'm not Nerd and also not Miner at all but for professionals, it seems to be an really interesting opportunity to do research about mining and it's no need to organize an expencive miner from China to study it because your described veariant is all meant to address it if a professional wants to do a research or a study. Maybe your topic will have better audience in experts section of Bitcointalk like "Development & Technical Discussion".
For an innovation viewpoint, it's an attractive consideration even when it's not economically intended to generate much coin. But if I understand your post correctly, it is not intended to engage in profit, just educational and innovalive purpose, while BitAxe is intended to generate a profit of mined coin?
Thanks for the suggestion.
I will abide to moderators about the more correct board where to post this.
Regarding profitability, you are right, Nerdminer is not profitable, and all the "profit" comes from the knowledge, not the sats.
I will add some excel computation later.
Also bitaxe is not profitable, as it is orders or magnitude less efficient than a modern ASICs.
The only relevant difference is that the chip is an actual ASIC, not a generic chip as for the S3
Wow, interesting, is it an innovation from Italy?
I'm not Nerd and also not Miner at all but for professionals, it seems to be an really interesting opportunity to do research about mining and it's no need to organize an expencive miner from China to study it because your described veariant is all meant to address it if a professional wants to do a research or a study. Maybe your topic will have better audience in experts section of Bitcointalk like "Development & Technical Discussion".
For an innovation viewpoint, it's an attractive consideration even when it's not economically intended to generate much coin. But if I understand your post correctly, it is not intended to engage in profit, just educational and innovalive purpose, while BitAxe is intended to generate a profit of mined coin?
I'm not Nerd and also not Miner at all but for professionals, it seems to be an really interesting opportunity to do research about mining and it's no need to organize an expencive miner from China to study it because your described veariant is all meant to address it if a professional wants to do a research or a study. Maybe your topic will have better audience in experts section of Bitcointalk like "Development & Technical Discussion".
For an innovation viewpoint, it's an attractive consideration even when it's not economically intended to generate much coin. But if I understand your post correctly, it is not intended to engage in profit, just educational and innovalive purpose, while BitAxe is intended to generate a profit of mined coin?
I know it is a lottery ticket with costly initial spending than simply buying a lottery ticket. I wonder more that why Nerdminers don't simply do solo mining because if they get superb luckiness, find a Bitcoin block, they can enjoy all the block reward, 6.25 BTC. Joining a mining pool and with their super small hashrate, they will not receive much rewards proportionally. The odds is not to compete with other miners with bigger hash rate but how to solve Bitcoin puzzle with very less powerful hash rate and face with very high difficulty on the Bitcoin network.
This is not how public pool works.
You get the whole coin if you mine. And basically you get nothing if other in the pool mine something:
According to this article [1], Nerdminer is about 10 million times less powerful than BitAxe miner.
Bitcoin – Are Nerdminer and BitAxe profitable?
Bitcoin – Are Nerdminer and BitAxe profitable?
Thank you for this reference. I will add it to the OP.
I know it is a lottery ticket with costly initial spending than simply buying a lottery ticket. I wonder more that why Nerdminers don't simply do solo mining because if they get superb luckiness, find a Bitcoin block, they can enjoy all the block reward, 6.25 BTC. Joining a mining pool and with their super small hashrate, they will not receive much rewards proportionally. The odds is not to compete with other miners with bigger hash rate but how to solve Bitcoin puzzle with very less powerful hash rate and face with very high difficulty on the Bitcoin network.
According to this article [1], Nerdminer is about 10 million times less powerful than BitAxe miner.
Bitcoin – Are Nerdminer and BitAxe profitable?
According to this article [1], Nerdminer is about 10 million times less powerful than BitAxe miner.
Bitcoin – Are Nerdminer and BitAxe profitable?
What is this thing?
Topics:
1. Disclaimer
Before even starting to read this thread, read carefully the following statement:
2. What is NerdMiner
NerdMiner is a project that originated from Valerio Vaccaro's idea of HanSolo mining.
Valerio is the ideator of "Satoshi Spritz", a format for informal local meetups of bitcoiners that is now spread all over Italy in more than 20 instances.
During these meetups, typically held in Bitcoin-friendly pubs, Valerio presented some gadgetry: Bitcoin nodes, LN nodes, and LN ATMs, but a proper mining device was missing. So, he decided to close that gap and started coding. He used some commodity programmable board and assembled the very first instance of his portable mining device. As he is, of course, an übernerd, he dubbed his device HanSolo Miner.
That was essential software with an uncanny graphical interface and limited features.
Bitmaker discovered the project and, in the spirit of pure Open-Source Software, forked it, rebranded NerdMiner, and added a friendly graphical interface and a few more features.
NerdMiner can run on a variety of boards, but the most common one is the Lilygo S3:
The following is the full list of boards capable of running firmware 1.61.
The latest release of the firmware added support to other boards, and many more are coming.
This board has a power consumption of less than 2W, meaning that you can power it for a whole year for way less than 5 EUR.
With the latest firmware, the total hash power of this device is 55Kh/s maximum (peak value, not sustained).
This means that the NerdMiner has an efficiency ratio of 36,360 J/GHs. An S19 XP Hydro has an efficiency of 0.021J/GHs. The NerdMiner is 1,500,000 times less efficient than a S19 miner.
Once online, this is the Pool where the NerdMiners connect to:
https://web.public-pool.io/#/
Many pools would reject NerdMiners or similar low hash power devices because of the too-low hash rate. Publicpool will accept even the smallest mining machine without any fees. Only miners above 50 TH/s will incur in a 1.5% mining pool.
Please note that the 4,500 NerdMiners have a hash power 10^-10 times of a single Antminer. This means that it would take 2,750,000,000 S3 NerdMiners to make a single S19. Imagine giving every person on planet Earth 1 NerdMiner: this would equal hash power to just three S19.
Remember that the Bitcoin network is currently powered by 2.5 million equivalent of those machines. This means that a single S19 is expected to mine a block a block every 46 years.
If 2,500,000 S19 are able to find a block every 10 minutes on average, a single S3 NerdMiner will take 125,570,776,256 years (basically 10 times the age of the universe) to find a block.
This should persuade you that you won't mine anything during your lifetime with this setup.
If you want to further deep-dive into this, I suggest you to read the following link:
Bitcoin – Are NerdMiner and BitAxe profitable?
In addition to that, I worked on an Excel spreadsheet:
3. Why it is relevant
Why all this fuss if the prospected earning is null? Why lose money and time if the Pool won't mine a block in our entire lifetime?
Well, the reason is twofold:
Learning
Bitcoin mining is a capital-intensive, ultra-competitive industry. Many users wouldn't consider participating in this part of the Bitcoin protocol.
With NerdMiner, you can mine in production with a little initial and running cost. This will allow you to deal with the actual and fundamental dynamics of mining: running the hardware, managing the pools, interacting with mining protocols, etc. The learning curve is steep, but this device can allow you to practically learn something that would otherwise be extremely difficult.
In addition to that you will learn something about the basic mining operations, temperature management, compiling firmwares etc.
In this project Learning something new vastly overcomes the financial aspect of the whole project.
Bitcoin canary in the mine
Bitcoin is an open-source and distributed technology. As long as every user can run the network's primary function in an open-source, affordable manner, the assumptions of the Bitcoin technology will be maintained valid.
Topics:
- 1. Disclaimer
- 2. What is NerdMiner
- 3. Why it is relevant
- 4. How do I get a NerdMiner
- 5. NerdMiner Setup
- 6. Community
- 7. Resources
- 8. Other projects
1. Disclaimer
Before even starting to read this thread, read carefully the following statement:
VERY IMPORTANT DISCLAIMER
This is a non-profit project. That is a no profit for the user. With such a setup, you won't probably mine a single satoshi in your lifetime. This is NOT for economic profit. The total loss of monetary funds invested in this project is almost inevitable. 2. What is NerdMiner
NerdMiner is a project that originated from Valerio Vaccaro's idea of HanSolo mining.
Valerio is the ideator of "Satoshi Spritz", a format for informal local meetups of bitcoiners that is now spread all over Italy in more than 20 instances.
During these meetups, typically held in Bitcoin-friendly pubs, Valerio presented some gadgetry: Bitcoin nodes, LN nodes, and LN ATMs, but a proper mining device was missing. So, he decided to close that gap and started coding. He used some commodity programmable board and assembled the very first instance of his portable mining device. As he is, of course, an übernerd, he dubbed his device HanSolo Miner.
That was essential software with an uncanny graphical interface and limited features.
Bitmaker discovered the project and, in the spirit of pure Open-Source Software, forked it, rebranded NerdMiner, and added a friendly graphical interface and a few more features.
NerdMiner can run on a variety of boards, but the most common one is the Lilygo S3:
The following is the full list of boards capable of running firmware 1.61.
- -- LILYGO T-Display S3
- -- ESP32-WROOM-32, ESP32-Devkit1..
- -- LILYGO T-QT
- -- LILYGO T-Display 1.14
- -- LILYGO T-Display S3 AMOLED
- -- LILYGO T-Dongle S3
- -- ESP32-2432S028R 2,8"
The latest release of the firmware added support to other boards, and many more are coming.
This board has a power consumption of less than 2W, meaning that you can power it for a whole year for way less than 5 EUR.
With the latest firmware, the total hash power of this device is 55Kh/s maximum (peak value, not sustained).
This means that the NerdMiner has an efficiency ratio of 36,360 J/GHs. An S19 XP Hydro has an efficiency of 0.021J/GHs. The NerdMiner is 1,500,000 times less efficient than a S19 miner.
Once online, this is the Pool where the NerdMiners connect to:
https://web.public-pool.io/#/
Many pools would reject NerdMiners or similar low hash power devices because of the too-low hash rate. Publicpool will accept even the smallest mining machine without any fees. Only miners above 50 TH/s will incur in a 1.5% mining pool.
Please note that the 4,500 NerdMiners have a hash power 10^-10 times of a single Antminer. This means that it would take 2,750,000,000 S3 NerdMiners to make a single S19. Imagine giving every person on planet Earth 1 NerdMiner: this would equal hash power to just three S19.
Remember that the Bitcoin network is currently powered by 2.5 million equivalent of those machines. This means that a single S19 is expected to mine a block a block every 46 years.
If 2,500,000 S19 are able to find a block every 10 minutes on average, a single S3 NerdMiner will take 125,570,776,256 years (basically 10 times the age of the universe) to find a block.
This should persuade you that you won't mine anything during your lifetime with this setup.
If you want to further deep-dive into this, I suggest you to read the following link:
Bitcoin – Are NerdMiner and BitAxe profitable?
In addition to that, I worked on an Excel spreadsheet:
3. Why it is relevant
Why all this fuss if the prospected earning is null? Why lose money and time if the Pool won't mine a block in our entire lifetime?
Well, the reason is twofold:
Learning
Bitcoin mining is a capital-intensive, ultra-competitive industry. Many users wouldn't consider participating in this part of the Bitcoin protocol.
With NerdMiner, you can mine in production with a little initial and running cost. This will allow you to deal with the actual and fundamental dynamics of mining: running the hardware, managing the pools, interacting with mining protocols, etc. The learning curve is steep, but this device can allow you to practically learn something that would otherwise be extremely difficult.
In addition to that you will learn something about the basic mining operations, temperature management, compiling firmwares etc.
In this project Learning something new vastly overcomes the financial aspect of the whole project.
Bitcoin canary in the mine
Bitcoin is an open-source and distributed technology. As long as every user can run the network's primary function in an open-source, affordable manner, the assumptions of the Bitcoin technology will be maintained valid.
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My personal DIY setup for basic Bitcoin Protocol Functions (credit card for reference)
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