Common fallacy of mining is that they figure electricity is free. Going off the average price of electricity in the US, you'd be over $2600 in the hole when calculating electricity costs for a full year of mining along with the cost of the hardware. Even with 8 miners, that's no guarantee of hitting a block within a year, it's a 1 in 23 chance, the other 22 times you get nothing at all. Even pool mining, you will be forever unprofitable if factoring in electricity costs. The real money in any gold rush isn't digging for gold, it's selling shovels to the miners, and cryptocurrency mining is no different. The only people making steady money are the ones selling the hardware.
@nomadshiba Is it profit though, that's the question. There's a difference in income and profit, and when you get into the deep end of electricity costs and supporting infrastructure, the margins get razor thin.
This is great as a Bitcoin or Bitcoin Cash solo lottery miner. There are 144 blocks a day, every 10 minutes. 52,560 blocks a year. Thats alot of opportunity to get lucky and hit a block. Well worth the price to just set it and forget it as it could be life changing for some people if you hit a BTC block, 3.12 BTC. If you beleive in Bitcoin, you are also doing your part by contributing to the security and growth of the Network.
So.... Its been month since this video came out and I bought 1 Avalon Nano 3 my self too, so I'd like to ask.... Within a month, how much block did you hit with all those Nano's? Did you make any profit? Kinda liked to know as reference before I get my self in to this solo mining rabbit hole.
I have 10 , $40 Nerd Miners at 72 kilo hash (720 KH/s total) Solo mining so that is $400, before the Nano miners came out, and I bought one of these Nano Miners for about $180, FedEx shipping is $79 but still the price compared to the hasharate of the Nerd Miners is Great!
nice setup, I have one of those but live in Vegas, so it's bad idea for me to run it during summer time. Im jealous lol it's been 3 weeks, any updates? did you get any hits on BCH block/s ?
@@RedPandaMining I have one lucky miner lv06. Its possible to mine BCH SOLO in 2miners pool? Can someone help me throught? I follow the tutorial exactly as it was on the webpage and i have no results... THKS
These don't truly solo mine, they just mine in a pool which can point to a solo mining pool. No node, not running your own pool submitting your own block headers is not truly solo mining. Need an apollo II full node miner to do that or deep tech skills.
Yep. And the mining industry collapses by confiscation or something like that, your chances are way higher. However if mining bitcoin becomes against the law, it’s not a good world, imho.
Ive got 2 - one on stock PSU another on the aftermarket. Both get HOT. Stock 145F and aftermarket 127F. Longterm I agree with @redpanda Stock PSU looks like it will last long term.
Love your content!! Question; doesn’t this cost like £370 per unit per year in electricity? That’s how much one would cost to just run in the UK :s on 140w
Are they coming back in stock to buy direct? How can I get one to try it out? Any link to a place that is selling it and ridiculously gouging? I am seeing some sell for 400, I am interested at 150-200
Hello, where did you buy this 28V 5A 140watts PD power supply, unfortunately I live in Poland, I bought a Besues 140W Gen5 power supply but it drops to L from time to time and it is also very hot, I ordered a 160W for a test but I would like to buy one like you, but unfortunately I can't find it anywhere , is it possible for you to send me a link or can we contact you somehow?
i used NTB PSU - Lenovo Legion Slim 140W AC Adapter (USB-C) and on high mine 4.33TH but i add secondary external cooling and remove side grills (the miner needs to be disassembled - loss of warranty)
@@HristoChakarov-g6i the math says 10x4=40th and 1x40th= 40th so it is equally hard to hit the block. this assumes all gear works properly. one can argue 10 small units are less likely to all shut off. but my assumptions are based on the gear running.
I’m having trouble connecting my to the Internet I try resetting it to factory settings the Avalon nano 3 I tried turn off, turn it back on. I do have high-speed Internet. I do not have that much equipment on it like TV and miners do you have any ideas please
They call these small miners lottery miners for a reason. You have about as chance of hitting a block as winning the lottery. You will use more power than you will mine so pool mining on these is pointless. Your only chance is trying to hit a lottery block solo mining and hope you make a profit.
insufficient power and or high temperature. My on hight is 4.33TH but i removed the side grills (the miner needs to be disassembled - loss of warranty) and blew inside with a large fan
Common fallacy of mining is that they figure electricity is free. Going off the average price of electricity in the US, you'd be over $2600 in the hole when calculating electricity costs for a full year of mining along with the cost of the hardware. Even with 8 miners, that's no guarantee of hitting a block within a year, it's a 1 in 23 chance, the other 22 times you get nothing at all. Even pool mining, you will be forever unprofitable if factoring in electricity costs. The real money in any gold rush isn't digging for gold, it's selling shovels to the miners, and cryptocurrency mining is no different. The only people making steady money are the ones selling the hardware.
this a solo mining video.
its lottery.
you can make steady income with asic pool mining.
@nomadshiba Is it profit though, that's the question. There's a difference in income and profit, and when you get into the deep end of electricity costs and supporting infrastructure, the margins get razor thin.
perhaps for red panda, it's a fun hobby. most hobbies don't come with a profit. i'm sure you do something that is a waste of money.
This is great as a Bitcoin or Bitcoin Cash solo lottery miner. There are 144 blocks a day, every 10 minutes. 52,560 blocks a year. Thats alot of opportunity to get lucky and hit a block. Well worth the price to just set it and forget it as it could be life changing for some people if you hit a BTC block, 3.12 BTC. If you beleive in Bitcoin, you are also doing your part by contributing to the security and growth of the Network.
So.... Its been month since this video came out and I bought 1 Avalon Nano 3 my self too, so I'd like to ask....
Within a month, how much block did you hit with all those Nano's? Did you make any profit?
Kinda liked to know as reference before I get my self in to this solo mining rabbit hole.
I just order one today, hows going ?
I have 10 , $40 Nerd Miners at 72 kilo hash (720 KH/s total) Solo mining so that is $400, before the Nano miners came out, and I bought one of these Nano Miners for about $180, FedEx shipping is $79 but still the price compared to the hasharate of the Nerd Miners is Great!
have you ever hit a block yet
LOOKS AMAZING! I only have one arrived so far, 4 more inbound...and I ordered all with the psu.
My Nano 3 OEM PSU gets quite hot too, I put a 100mm x 70mm x 35mm Alu heatsink and a fan on it. Currently I'm just running medium in the Summer.
Mine is running 145F
How do you switch the miner from BTC to mining a different token?
I need to buy 1 of the following BTC miners, Great video RPM!
nice setup, I have one of those but live in Vegas, so it's bad idea for me to run it during summer time. Im jealous lol it's been 3 weeks, any updates? did you get any hits on BCH block/s ?
10:00 Pink is my facorite too, by far!
stop calling it pink...it is officially "Peach Fuzz" lol
@Altered Component but I like pink…
😏
@@RedPandaMining I have one lucky miner lv06. Its possible to mine BCH SOLO in 2miners pool? Can someone help me throught? I follow the tutorial exactly as it was on the webpage and i have no results... THKS
I have the white one and a blue one. The Blue is my favorite so far.
I have the blue as well, I think it looks best, followed by yellow
my two work great at middle speed. I pulled the grills which did drop the temps
RPM turn them off please! You're killing all of our already incredibly low chances! 😂
It's not the nano RPM, it's them S19 and 21 killing everyone chances
LOL :D
Ill take the black one if you don't like it 😁Give it some love...
These don't truly solo mine, they just mine in a pool which can point to a solo mining pool. No node, not running your own pool submitting your own block headers is not truly solo mining. Need an apollo II full node miner to do that or deep tech skills.
I just got a Apollo 2 full node in! Gonna be solo mining to it
which bch address did you use? the standard or legacy
how many of theses do i need to amount to anything????
Doesn't solo mining help secure the network?
Yep. And the mining industry collapses by confiscation or something like that, your chances are way higher. However if mining bitcoin becomes against the law, it’s not a good world, imho.
How much would this setup make on BCH mining with a pool?
Approx 0.00045 BCH per unit/daily pool mining at current difficultly = around 0.20c today
Something to mention, Canaan adds almost a 30% surcharge on anything into the U.S.
I admire Web3 Infinity's team's openness. It's a project with moral spirit.
So if you don't solve the block then you don't get anything i'm assuming
Make sure you announce that livestream for the mosfet heatsink...i want to see that
@RedPandaMining is it possible to mine from the same pool with these?> to the same wallet?? stack the hash rate?
Yep!
This kind of content is rare to find. Just started making my own videos and would love any tips you could share.
Ive got 2 - one on stock PSU another on the aftermarket. Both get HOT. Stock 145F and aftermarket 127F. Longterm I agree with @redpanda Stock PSU looks like it will last long term.
What’s the heat gun you use?
Looks pretty cool.
Cyberopolis's responsiveness to community feedback is impressive.
Love these, can’t. Wait for mine!
El Salvador was the first to accept Bitcoin as legal currency.
I can't wait to get mine. They should be shipping soon!
Love these! So Jealous! I'm sending you good vibes RPM!
Web3 Infinity, the first token that is controlled by itself instead of owners or anybody else, is the smartest token in the universe.
60FPS PandaVoice FTW Thanks for sharing RPM! Keep smiling 😃
Haha 60fps goodness!!
This is the era of Flash USDT software innovation!
I got 1 I’m going to do the btc solo chances are like playing the mega millions every 10mins I know I may never win but I feel lucky and love BTC
You got the best power strip. I bought one cuz I was noticing static. And it grounds like a champ
With so much interest in crypto, I wouldn’t be surprised if Bitcoin mining software becomes the new norm!
I think buying lottery tickets might be a better option here
I don't because with lotteries you need to buy over and over again.
@@Rbull076 They do subscriptions these days, just saying.
Cyberopolis's approach to data security is unparalleled.
Bitcoin and politics are intertwined, as always, bringing new opportunities for those in the know!
which ap do u connect and which wallets u are using i dont understand i am new
Their app
Those freaking boxes are TIGHT and hard to get the lids off
Cyberopolis's consistent progress updates show dedication.
The precision in Cyberopolis's development roadmap is reassuring.
how long did shipping take? I've been waiting for my 20 pieces since April :(
Cyberopolis's vision for decentralization is inspiring.
Love your content!!
Question; doesn’t this cost like £370 per unit per year in electricity? That’s how much one would cost to just run in the UK :s on 140w
Just grabbed one payed the little extra now days but hoping for a lotto hit.
The white one looks great new, but i think the plastic will start yellowing from the amount of heat it produces.
Like SNES. 😂
Any BCH blocks yet?=)
Solo mining? Alright! That's awesome!
hello from france, Can you make a video for setting up a solo pool on the avalon nano 3 ? I've just bought one and don't know how. Please, thank you.
You need to use umbrel public pool. A guy made a video doing that with BitAxe. Search for “BitAxe Public Pool Braiins”. There’s an excellent video.
The first Bitcoin transaction was for two pizzas in 2010.
Are they coming back in stock to buy direct? How can I get one to try it out? Any link to a place that is selling it and ridiculously gouging? I am seeing some sell for 400, I am interested at 150-200
Buy direct from canaan's website for 99 bucks
Hello, where did you buy this 28V 5A 140watts PD power supply, unfortunately I live in Poland, I bought a Besues 140W Gen5 power supply but it drops to L from time to time and it is also very hot, I ordered a 160W for a test but I would like to buy one like you, but unfortunately I can't find it anywhere , is it possible for you to send me a link or can we contact you somehow?
i used NTB PSU - Lenovo Legion Slim 140W AC Adapter (USB-C) and on high mine 4.33TH but i add secondary external cooling and remove side grills (the miner needs to be disassembled - loss of warranty)
Friends? You have IRL friends? WEIRD DUDE
Lmao!
We all know what the technicals is thinking every time panda says oooo I like the pink one. lol
You made me want to buy like 10 of these 😅
When mining for a block, is it better to have more miners or one miner with high hashrate?
10 at 4 th is the exact same as 1 at 40th.
@@Philipma-hh5ul it is not
@@HristoChakarov-g6i the math says 10x4=40th and 1x40th= 40th so it is equally hard to hit the block. this assumes all gear works properly. one can argue 10 small units are less likely to all shut off. but my assumptions are based on the gear running.
I’m having trouble connecting my to the Internet I try resetting it to factory settings the Avalon nano 3 I tried turn off, turn it back on. I do have high-speed Internet. I do not have that much equipment on it like TV and miners do you have any ideas please
The creator of Bitcoin is known by the pseudonym Satoshi Nakamoto.
Just checking if anyone is having a hard time running this Nanos on high, mine keeps shutting down and can only run on medium :(
great stuff as always RPM 👌
Litecoin was one of the first altcoins, created in 2011.
Ethereum 2.0 will transition Ethereum from proof-of-work to proof-of-stake.
The integration possibilities with Cyberopolis are endless.
Any updates on that?? Did u hot a block?
If you threw some serious power at it you’d be surprised but it’s a huge upfront investment to get that kind of power
Any block by now?
Cyberopolis's competitive edge could redefine its market segment.
The adaptability of Cyberopolis to market changes is a key strength.
Got mine on the way😊
Smart contracts execute automatically on the blockchain.
Cyberopolis's strategic collaborations hint at a bright future.
This is funny I was going to comment on a more recent video if you had any of these
Been running a lil fan on my Avalon power supply. It’s in my RUclips shorts 😅😅😅
how hot does the factory power supply get????
Web3 Infinity Token is gonna pop anytime soon
You need to shake the stuck power out of that psu.
Hello, RPM., please let us know when you hit the block of bitcoin cash. Thank you. Good luck!
They call these small miners lottery miners for a reason. You have about as chance of hitting a block as winning the lottery. You will use more power than you will mine so pool mining on these is pointless. Your only chance is trying to hit a lottery block solo mining and hope you make a profit.
well it's not 150$ item that replaces infinity lottery tickets, each month it will cost 20$ for electricity at 0.20$/kwh
one of them cost 20 dollars a month(electricity ?
)
@@juliusgasparik1041 thats what i said ye, if you're power rate is 0.20$/kwh and you use on high mode (140w)
Web3 Infinity Token is gonna explode anytime soon
Web3 Infinity Token is about to go off the rails.
I can’t get my Avalon App to connect the Nano to my WiFi, keeps saying connection timeout. Anyone else see this problem?
Because your phone won't stay connected to the canaan's WiFi... Force your phone to stay connected... Airplane mode works once connected.
Let’s goooo!🎉
Im curious why all your codes doesn’t work
Got mine today 🎉😊
good luck
I would get a 185w psu so it does not max out the psu
Has anyone tried to mine BCH with the nano 3.
Exciting stuff!
A fool and his money are soon parted
Great solo btc mining
got mine last week, no btc block found yet😂
Any luck yet? Just had two arrive, set them up yesterday and nothing yet.
did you find a block? after 2 months? I have 2 nano to, but I'm in a pool.
Trump’s president again, and predictions for Bitcoin hitting a million are becoming more real! 💸 Who’s already buying in? ;)
You ain't gonna hit nothing ...
Cryptocurrencies are decentralized and work without a central bank.
My on high only doing 3.74th. Any clue why
insufficient power and or high temperature. My on hight is 4.33TH but i removed the side grills (the miner needs to be disassembled - loss of warranty) and blew inside with a large fan