Wednesday, 12 September 2018

Return For Spondoolies


If you have been in the mining market for a few years then you will recognise the name Spondoolies, they shut down mining operations in 2016 but now look to be making a return, although its with an ASIC miner that is a little bit expensive and would be a huge gamble

They have announced the fastest Dash miner on the market which will mine at an impressive 540GHs and use a staggering 4.4Kw of energy. With the price of the miner starting at $15500 it is a huge investment which I would not be confident on seeing a return on. I ran the calculator with my energy costs and it said I would be minus yes minus $32 a day..... Maybe I am calculating it wrong

System Performance

Efficiency:8.1 J/Gh/s
Hash rate:540 GH/s (+/- 10% at 25 °C)
Operating temperature:5-35 °C
Power:4,400W

Dimensions

Box:640 X 525 X 185 mm
Gross Weight:19.5 kg
With PSU handles:595 x 434 x 88 mm
Without handles:560 x 434 x 88mm
Official page here https://www.spondoolies-tech.com/products/spx36

Tuesday, 4 September 2018

FutureBit Releasing Apollo Miner



For people that have been into hobby mining for a long time then they will understand the love for USB miners, a simple and effective way to get you into the mining scene but staying on a budget. Futurebit have announced they will be releasing the Apollo miner which for you USB lovers is the next step up on a budget. Here are the specs

 Compact Stand-alone Pod Style Miner (4x6x4in)
- Very wide range of operation modes with preset ECO (quiet) mode and TURBO mode.
- 100-140+ MH/s of Scrypt performance per miner
- Industry leading 1W/MH in ECO mode, and 1.4W/MH for TURBO (100-200 watts)
- Powered by a fully integrated Quad-Core A7 ARM based controller
- First miner to be fully controlled over wifi, only cable needed is power! (this will be a Beta feature on launch..backup ethernet port is available as well).
- Clocks and Voltage is fully customizable by user with easy to use interface (no more pots!)
- Industry leading 97% efficiency 12v power-stage, with 27 ASIC chips powered in a 3x9 parallel/serial power arrangement
- Custom designed cold forged hexagonal pin heatsink with leading thermal performance for the quietest ASIC miner in operation!
- 2k-6k PWM High Static Pressure Dual Ball Bearing Fan with automatic thermal management with onboard temperature sensor
- Controlled via local connection on a web browser similar to antminers. You can simply set it up via smartphone browser. No crazy driver installs, hard to use miner software or scripts needed.
- Two Six Pin PCIE power connectors for wide-range of power draw (only one is needed in ECO mode)
- New future platform features including full-node/peer to peer fully decentralize mining, full stand-alone solo mining, cloud/app based controls and more in development. 


Expect it to retail at around $200-$300 which isn't to bad but the cost per $ per MH is no as good as Bitmain, although the power usage per MH is a ton better. Just be aware if you are looking to make serious money this may not be the item for you

You can check it out over on Bitcoin talk here

FutureBits other project Moonlander 2 USB miner

Saturday, 4 August 2018

Innosilicon New T2 Turbo Bitcoin ASIC Miner



Innosilicon has released its new T2 turbo Bitcoin miner which can be seen above and hashes at around 25Th/s using 1980Watts. For me the power usage is still way to high for me to earn a good profit but the machine is selling at $1350 which is really quite cheap for the spec and compared to Bitmain. It also comes with a PSU which can be seen on top of the miner, delivery of the first batch starts from 15th August to 25th August on a first come first serve basis

Although I do believe Bitmain will release their own newest Antminer for BTC very soon, not sure of what speed/power we will see but I think it will be more than what Innosilicon are offering

For more details check out Innosilicon's official website

Checked what my profit would be with my huge power costs and I would only make $2.72 a day after electricity is paid

Friday, 20 July 2018

NiceHash Opens Closed Beta Registrations For Next Huge Update


NiceHash have started taking sign ups for their next NiceHash software which is promising to be the biggest overhaul ever. Nicehash is know for its ease of use and ease of setup making it to be one of the most popular programs for miners to use.

This is what they had to say

We are proud to announce the third major iteration of our platform since the initial creation of NiceHash in 2014. We have been working hard over the past few months to deliver a better and simpler user experience while keeping the site fresh and up to the latest design standards. We are bringing a ton of new features, a completely new NiceHash Miner and also a few other surprises!
We welcome you to try out our new creation by participating in the closed BETA testing program. Closed BETA will be available for 500 selected users, and our main goal is to catch as many bugs as possible and patch them.
If you are interested in trying out our new products and features, and above all willing to help us polish the user experience, we invite you to submit the following form. 1 BTC bounty is waiting to be distributed between top 100 contributors with a raffle at the end of the closed beta period.
We'll contact you via email with more details and instructions, once the closed BETA will launch!
Thank you.

The form is a Google Docs form which you can find and submit here
https://docs.google.com/forms/d/e/1FAIpQLSfY9uV85Xkt37bQ2mStJKyFr8E9qMtcnO4KQekbzv8IaIyoqQ/viewform?fbzx=7990315330803792000

I was a bit sceptical at first with them using Google Docs so made sure the link was correct and found it on their official Twitter
https://twitter.com/NiceHashMining/status/1019944734473834496 

Monday, 2 July 2018

Could the 11XX Series Nvidia Cards Not Be As Great As We Think?


Sales in GPU's have started to drop and the price has finally started to drop on new units but this comes for two reasons. Profit is way way down, the whole crypto market on a whole is way way down and until we see some recovery our profits will remain low. Secondly people waiting on the new 11 series cards instead of buying another 10 series cards.

Details of the next gen Nvidia cards have been vague to say the least will no real leaks coming and no dates, although people are speculating that it may not be long until we see them. The image above taken from this Reddit post and thanks to microcompass for allowing us to use it gives us some idea of why the 11 series cards may not be as great for mining as we may think.

Quoted from the post

Assumed cost of $0.10/kWh, sales tax of 5% (no tax on used cards), and running cards 24/7 for two years.
My findings/thoughts:
If the 1180 retails at $699, even with the efficiency increase, its actually pretty poor value compared to some of the deals that can be found on used 10XX cards right now. At $699, with a kWh cost of $0.10, I calculate a total cost price of $846.27 over 2 years, or $1.01 per Sol/s (assuming 840 Sol/s).The 1170 at $499 would be much better value, coming in at a 2 year total cost of $618.99, or $0.88 per Sol/s (assuming 703 Sol/s), but still not the game changer some might be expecting.
2x 1070’s at $300 each would produce a total cost of $781.44 over 2 years, or $0.91 per Sol/s (430 Sol/s X2), slightly worse than predicted on the 1170, however you can buy these TODAY, not 2-4 months down the road, more than making up for the slight overall cost bump.

The intial cost of the new cards will be the huge let down for us looking to mine, as microcompass says we would be better picking up 10 series cards at today's prices and they will only get cheaper

Of course there will always be people that will go and buy 10 brand new 1180's not realising that the returns aren't going to be that great


Credit U/Microcompass 

Wednesday, 13 June 2018

Tips For Staying Safe With Crypto


We all love crypto because of the freedom it gives us from banks and regulation but this also brings a real bad issue within crypto, Hacking is worth alot of money to people and crypto is an easy target, some people do not use the easiest of protection which puts their funds at major risk from being hacked. Here are some of our top tips

Two Factor Auth
Always enable two factor authentication, always! One of the easiest and most secure ways to instantly secure your accounts. Back up the sign up codes somewhere safe, ideally offline on paper or a encrypted USB. To be even more secure you could have a two factor auth phone which is used purely for this reason and nothing else

Scam Emails
Never use click through links from emails, always use the links that you have bookmarked and you know yourself. Always check for the https

Cold Wallet Storage
Do not store your crypto online, in an online wallet or on an exchange, just dont do it. The exchange could get hacked or the online wallet website could disappear along with all your funds. Invest in something like a Ledger Nano S and keep your funds safe

Trust No One
This might sound a bit simple but seriously assume everyone in crypto is out there for themselves, everyone wants to make money and they dont care how they do it. When that guy emails you and says send him .01 BTC and he will make you 0.10 BTC a week DON'T DO IT! So many people fall for stuff like this

Never Show Your Wealth
You have been trading or buying and you are building a nice little pot of cryptocurrency, never advertise this fact online. You instantly become a target for hackers who will start building a portfolio to get to your funds

Stick To Big Exchanges
Dont go signing up to smaller exchanges that you are unsure of, stick to the big guys, Binance, Kucoin, Bittrex, BitFinex, Huobi, Okex

Do Your Own Research
Dont go throwing thousands at a coin becuase some guy told you it will make you rich. Do your own research and decide for yourself, a good place to do this for coins is coincheckup

Dont Trust ICO's
ICO's used to be a good way of making money but now they are pretty much 90% scams, when signing up to ICO's be very careful giving them information. Never give them your phone number and set up a seperate email address which is non related to any of your other crypto accounts

Use A VPN
Stay internet safe, use a VPN like PureVPN and if you are downloading software then get a decent anti virus and use virus total before downloading anything

There is probably tons more but its 6am in the morning and I've been meaning to do this post for a while

Sunday, 3 June 2018

BTM Bytom Windows Miner For Nvidia Cards


Its happened within a couple of days the Linux miner has been ported over to windows as I said would happen and you know what it actually works. Hashrate a little lower than HiveOS but about the same as MinerOS, I have translated the readme and it is ready to go,

simply unzip
Right click on bat file and edit
change address to your BTM address and where you which to mine

run bat file and you should be running

*****UPDATE******

Version 2 of the windows miner has now been released

https://github.com/NebuTech/BTMiner_NebuTech/releases

Changelog

* -?, -h, --help Displays help information.
  * -v, --version Displays the version number.
  * -u, --url <url> Pool address.
  * -U, --user <user> User name or wallet address used for mining.
  * -p, --passwd <password> Password used for mining.
  * -d, --devices <devices> Specifies which graphics cards to use for mining. For example: "-d 0,1,2,3" Use the first 4 graphics cards.
  * **-i, --intensity <intensity> Mining intensity, the default 256, different graphics cards to achieve the maximum power of the different intensity, 1080ti is generally around 1024, 1070 intensity 512, can choose to test their own best.**
  * **-C, --use-cpu Use this option to enable CPU acceleration mode. If you have a powerful CPU and a graphics card plugged into a PCI-E x16 slot, try turning this option on to further increase your computing power.**

**Remarks: The -i parameter is different under different modes and graphics cards. Please test it yourself. This value has a greater impact on computing power.**

## Modify record:

#### v2.0(2018-06-04)

* Further reduce CPU usage.
* Increased acceleration mode for high-end CPUs and high PCIE bandwidth.
* Support Linux
* Fix known bugs to improve stability