Let's do some quick comparisons and math: Bitmain Antminer S19 XP Hydro Price: $6,098 Speed: 257 Th/s Power: 5,304 watts Avalon Nano 3 Price: $99 Speed: 4 Th/s Power: 140 watts We take the S19's 257 Th/s and divide that by the Avalon Nano 3's 4 Th/s and get 64.25, so we would need 65 of the Avalon Nano 3's to compete with 1 Antminer. We take those 65 units and multiply it by the $99 price tag and get $6,475. As for the power consumption comparison: 65 units and multiply it by 140 watts equals 9,100 watts of power. The only four things I see the Avalon has going for it is 1) availabilty, 2) less noise?, no special power input requirements, and 3) the ability to start small and scale up.
don't get me wrong, big ASICs are the way to go and always best value proposition. This is just a cool stylish affordable and high build quality entry point for home miners who have had little choice to get into bitcoin mining as the current stock of mini BTC ASICs are either way overpriced, or practically negligible hashrate.
USB-C power supply capable of at least 140w output. That is the tough part since most laptop psus don't go that high. Gaming laptop PSUs might be best option but can be $$$. Why i ended up just paying the $30 for the psu.
Got one of these, it's great as a desktop heater with nice gently heat and low power. Does 4TH/s and warns about $15 CAD per month for us (after electricity costs).
🧐🤔 Im thinking of buying 8 or 10 of these to put around the home and office and Shop. In your opinion, what would be the best way to set these up? Should I have a few lottery mining and the rest on the other mode, should i pool or Solo mine? Also should I run these on high or medium for longevity of the device? Im just looking for tips or advice on the best way to run these?
If you have 8-10 total, many possibilities depending on your risk appetite. High risk = All lottery (would be effectively one really large lottery miner around 30-40TH/s depending on settings), Medium Risk = some lottery, some pool, Low Risk = all pool (at 30-40TH would be a respectable $3 a day revenue (not profit)). For settings, I prefer the Medium 90w @ 3TH setting. Less wear and tear and PSU runs cooler and will likely last longer. Also seems to be the sweet spot efficiency wise on these. However, if heating house, you might need to run on High setting depending on size of house and weather.
I have 3 and know a bit about these now having swapped components over and sourcing replacement fans they make 2 versions of this G1 mini. This one you have is the 4000 rpm version. The fan IC is on the hash board. So if You replace the fan with high current capability lome the 0.47A 6000 rpm fan it will still only spin at 4000 rpm. Theu also make a 5000 rpm version and they come with better fans from the factory with dual bearings. They are green sticker. The hash control board on top of the miner is what controls the hash speed. Swapping this board over has no effect on fan speed but I have a slow, medium and fastest control board naturally and swapping the control board to a different moner achieves the same hash as with other chips. So the silicon lottory is in the control board ontop and not the chip board. Also you want the 5000rpm version. Check with factory before order to make sure they send you that version.
I take it back. The 12v fans spin at different RPM. That depends on the amps of the fan. So my upgraded 0.47A fans do spin at 6400 rpm but only show in the dash at 4000 rpm. I believe its a glitch in the firmware because the green 0.2A fans say they spin at 5400rpm and thar is not possible according tho the fans specification. Those purple fans are terrible though the bearings are noisy. They are 6020PWM
@@motorcityminer And encase You are wondering or worried about using higher amp fans. Its no problem because the G1 mini is 120 watts and the power supply is 180 watts so You have PLENTY spare. amps X volts = watts. so the 0.2a fans are 0.2amops x 12 volt = 1.4 watts each. 9.6 watts total. my 0.47amp x 12 volt = 5.64 watts each. x 4 = 22.56 watts total. minus the 9.6 watts the original fans are is a total of 16.92 watts extra I am now pulling about 135 watts from the 180w power supply. Its fine.
Yeah, so seems shipping costs are all over the place, even for those in the same country. I know multiple people in USA that have bought one and shipping has been anywhere from $12 to $76 depending where you live. Assume it has to do with how close you are to FedEx hubs as that is who they have been shipping w/
MCM awesome little unit .. but man i too happy they put in $50 tip at the checkout, i feel if it set it to 0 i may not get it lol but yeah would be cool if we have a community purchase of like 100 units
I set mine to $0 and they arrived lol. but yeah, Indiegogo is a little different than Kickstarter in their revenue structure. Whereas Kickstarter takes a % of the projects net funds raised, Indiegogo relies on donations at checkout for providing you the opportunity to support a project. I asked Shirley about bulk orders but was told that during the initial campaign they will only support purchases through Indiegogo or other resellers. I would imagine long term they will sell directly on their own website like their other products which allows for bulk orders.
Yes, you can in theory. I was having issues w/ setting the pool data in app, but an update to the app seems to have fixed this since I recorded. At least for me the issue seems resolved.
@@motorcityminer thank you! I want to plug it in at a place where I might be restricted from accessing it through the ip in the web, so I need the app to work for setting up the pool.
if you got several of these around the house, it could be a legitimate home space heater... especially if you live in a cold part of the world with constant cold temps.
@@motorcityminer Hello, friend, can you tell me when you bought it and how much it mined? Are you satisfied with the device? I wanted to know how many dollars it gives per day, and also how much it gives out per month? one is worth buying or buying from the Internet ready-made sites that sell speeds for money in order to get bitcoins.... CryptoTab browser
Are there any better miners under 500watts? If i want to buy this 1 in the shop, it seems not possible with power adaptor? Is this profitable with the price of electricity?
ones on Indiegogo labeled "Full Set" include psu. profitability will depend on your personal electrical rate. Under 500 watts there are a few better miners but they will cost you a lot more (i.e. Goldshell KA box, AL Box, etc.)
Pre bitcoin halving, at current cost of BTC, about $0.42. So not much, more just cool approachable entry point product in the crypto space which beats anything else at this price point.
Canaan is selling direct through Indiegogo (Asian Kickstarter): www.indiegogo.com/projects/avalon-nano-3-blockchain-smart-home#/ Project is already fully funded and shipments in progress.
They not ship to Thailand 😞.... This machine makes 40 cents a day before electric. I think only very useful for solo mining 🙂and heating the house on top.
When I look at the link provided the price is in Euros. You show a page with the price in dollars. I'm in the southeast of the US. How do I know if I'm getting a unit from a US distributor? I do not want to deal with Customs charges. Thanks.
It is a website cookies setting. If you hover over Euro at end of the total raised amount at top of page, you should get a pop-up that says "Edit Currency Settings". This is a currency setting site wide across Indiegogo and you should see all currencies in the selected currency. You can change to USD there. Note these units all ship from Singapore as that is where Canaan is located. They do not have these new units in their US warehouse yet.
Is it possible the "mining management" doesn't work in this video because your Nano is on your guest network while you are on your production network? The other options might be cloud base settings which is why they work but mining management might be a local thing.
You should be able to manage your nano from anywhere in the world w/ the app. The issue I was having was indeed fixed in an app update after filming. Haven't had any issues since.
@@jerrysanders9101 they just posted an update on their Indiegogo page. You will get an email notification from indiegogo when the status of your contribution is marked "Locked".
Yeah, new orders at this point are for June Batches. They have been updating the ship date for orders as they came in. Earlier purchases had March/April/May ship dates.
So with the Halving right around the corner, it will take you almost 2 years for it to pay for it self, that's excluding the power comsuption. I don't do any mining but does the amount you earn affected by the price of Bitcoin?
Yes, the amount earned is directly correlated to price of bitcoin. So unless bitcoin sees some large price appreciation it will indeed take a long time to ROI this miner. This miner is really meant more as solo lottery miner and heater at this price and hashrate.
Payed the extra got one from ebay and within 2 hrs of startup it's not working. Applied the update and changed mining pool and it's now not working. Got any good connections for trouble shooting?
Sorry to hear your troubles. Was the unit still sealed? Best bet would be to reach out directly to either who sold you the item or Canaan support: www.canaan.io/supports/
@motorcityminer it was sealed but I went about the red panda way and put heat sinks on it to keep it cool. Voided the warranty. But I reached out to the site I bought it from waiting to hear a response
@motorcityminer i tried looking at the board didn't visually see anything. Doesn't have that smell either. Seemed to be working until I updated it. Hopefully it's something from the update. Would have made for a good video.
So with halving next week for BTC and assuming 0.20 kwh all in electricity costs + $70K BTC spot price, ROI on this is looking close to 2 years. What I'm wondering is, what if you hooked this up to a Kano or NiceHash to generically mine 256. They reward you in BTC. Currently ROI would be a year. But would this also get halved next week or is it only if you are mining BTC directly in a pool or solo mode? Cheers.
So Nicehash rents SHA-256 algo which you get paid for. Only BTC has halving next week (BCH already had a few weeks ago, other SHA-256 coins vary). To predict how earnings on Nicehash will be affected is rather hard since it depends what SHA-256 coins your specific machine is rented for. Majority of rentals are for BTC and thus when mining after halving will affect earnings by 50%. But since in theory your machine could be rented for other coins that don't have halving those earnings would remain the same. So, if I had to guess, I would expect slightly less than a true halving in earnings on Nicehash, maybe 40%-45%. But again, really hard to predict as solely dependent on demand for each SHA-256 coin on Nicehash
right now w/ the current value of bitcoin, about $12-15. post halving will be half that. but again solely depends on price of BTC. this is definitely space heater first, novelty miner 2nd.
Do not waste your money. Unless your electricity is free. Most people using these rigs make less than a dollar a month NET, after paying for electricity. Where I live it would cost me $16 per month to run this 24/7. If I make 30 cents per day, $9 per month of BTC, I end up losing $7 per month. The play is to assume your BTC will double in price in a few years, but I would not hold your breath.
You do understand this is marketed as a heater for at a workstation right? Just happens to mine BTC and have higher hashrate than anything else at this low price point. So, it's a well built mini space heater that offsets some of its costs w/ BTC. Or just use as a lottery miner, still better buy than any other lottery miner.
@jcbsportscards6841 will depend on the pool you use. Some pools you use your BTC wallet address as your account and would payout without issue. Other pools require "account" such as the example in the vid, where you would then have to add a BTC address to your account for them to payout too.
It's a solo miner right? It doesn't mine crap till it finds a block right? Chance per block: 1 in 144,595,000 Chance per day: 1 in 1,004,132 Time estimate: 2,751 years
Correct, if running as solo lottery miner those are about the odds. You can run on pool mining though as well which will have minimal $0.20-$0.30 earnings a day
They have been selling in batches on Indiegogo. Current listings state June delivery, while earlier purchases had March/April/May delivery dates depending on when purchased
will depend on electrical rate especially post halving but yes this is more a cool little novelty item meant to be a lottery miner and workstation space heater. But it is awesome compared to the competition at the price point and makes Bitcoin mining accessible to those wanting to dip their toes in which hasn't really been the case in BTC mining for years at this point.
Yeah, so seems shipping costs are all over the place, even for those in the same country. I know multiple people in USA that have bought one and shipping has been anywhere from $12 to $76 depending where you live. Assume it has to do with how close you are to FedEx hubs as that is who they have been shipping w/
www.coastalcryptomining.com/product-page/canaan-avalon-nano-3 but pretty much any reseller is way overcharging for these. You will pay a lot less buying direct from Canaan but it will take awhile to receive if you order direct.
You cannot fully setup on computer. You have to use the app to first connect the unit to wifi. Once connected to wifi, you can access the unit through its local IP address which can be seen in the upper left corner of the screen on the unit.
Yep, made an error there on the screen reading. And should have mentioned I meant for zero fee payouts ViaBTC seems to be lowest. Will clarify in forthcoming follow-up.
@@motorcityminer no worries mate... I appreciate you and the video you made here... I ended up purchasing 4 nano's as a result. But are you sure no withdrawal fee's a viabtc? Seems they have one of the highest fees out there, 3.5-4%
ViaBTC can be very high if you set a payout below 0.001 or you use on demand payouts. However, if you set BTC payouts above 0.001 and to "automatic" they offer fee free withdrawal which is the lowest fee free withdrawal I am aware of for a BTC pool. Automatic payouts are processed once daily once threshold is met.
@@motorcityminer it's all good sir we hope and pray that one day we will be able to purchase better miners. Especially with our free electricity on Mt property
In the app at the very bottom there is "Mining management" button. Unfortunately, that didn't always work as there seems to be some bugs in the app yet. You can also input by logging into the miner through web GUI using local IP address. I walk through both methods in the setup portion of the video. The app way is the easiest, if you can get it to work that is.
see my other response to you, but you will unfortunately have to use the app to at least get the unit connected to wifi before you can do remaining setup on computer.
Thanks! It was a fun experiment. Optimal power to performance on most S9's is about 8.1-8.3v to the hashboards, seems to end up under 700w every time if you keep them @ 8.2v or less. I ended up using Hiveos rather than Braiins os in the end, which was surprising. Braiins seemed to be better at first, but once I tuned the chips manually with Hiveos then re-ran the autotune, then tuned again manually, Hiveos turned out superior. Now I'm considering modding the PSU's to deliver around 5-6v just so I can put silent fans on the things and use them as heaters lol Sorry for the long winded reply, hopefully it was interesting xD
Yeah, so seems shipping costs are all over the place, even for those in the same country. I know multiple people in USA that have bought one and shipping has been anywhere from $12 to $76 depending where you live. Assume it has to do with how close you are to FedEx hubs as that is who they have been shipping w/. I paid $36 in shipping.
If you use Indiegogo and cancel the tip amount, should definitely be $127 USD w/ PSU (not including shipping). Indiegogo does list in Singapore dollar at various points in checkout so might also cause confusion. Shipping will depend on your location. Even just within the USA I have known people to get anywhere from $12 to $76 quoted in checkout. Assume it depends on amount of hubs it must go through to get to you.
@motorcityminer I paid 247 on indiegogo.. I did leave the 26 dollar tip in however. That includes the unit, the power supply, and shipping. So yeah, it is around 225 in usd now on there for u.s. shipped with psu
@@OldFilmCameras ah, yes. Ideally you would solo mine any high difficulty network over ethernet and to your own node to improve your odds as much as possible. Not as important if pool mining. So, I mentioned the lack of ethernet may be a turnoff for some as it is the only real weakness of this unit.
In the future... all major electric heaters and electric furnaces for homes, factories and warehouses will be bitcoin miners. I just makes logical sense.
By the way i am not trying to hate on this. I know its a great achievement but it would be nice to see something new compete with the old gen Antminer S9. The sales would go trough the roof. If people are happy with 4TH. They will be even more with 10 TH.
@@motorcityminer Could you please show us how this box currently does on nicehash? I am asking because nicehash is known to pay higher then other pools over a 3 hour period.
@@motorcityminer hell ya for sure not down playing at all especially at that price. At 100 its still worth getting for sure. Have a great day, love the vids
I wanted to buy a A14 but those delta fan are too much (noise wise) Immersion is cool and all but too precarious for garage that get use. What I think the crypto space is missing is the 1500w range miner for 120v 15 amp plug based on 4nm architecture
@@obic123 100% agree. Would love to see a 1000w-1500w sha-256 miner. That's why I really like what IceRiver did with the KS1/2 and Goldshell has done in the past w/ their "Lite" series
@@motorcityminer cool Man lmk Im really interested this is a crazy low price for the has rate even beats the gold shell box miners that are about 400-600 right now . good deal
Man … hope they paid this review lol cause even with it losing $8 a month at my electric i might wanna get 2 😂😂😂 but in your opinion this is another lottery miner tho essentially… set and forget ?
@@motorcityminer yea i commented before u said the wifi kinda kills the lottery miner aspect but yea still pretty cool … maybe get one for my 2 yr old and just let it run #collegemoney 😂😂😂
I know many that have started to receive. As with any newly released crypto ASIC, it usually takes a few months to get pre-orders out. This is nothing new in the industry. I waited 3 months for my original Kaspa ASICs, same w/ Kadena. This is the norm for new product launches in the space.
lol, yeah this is more a cool little novelty item but awesome compared to the competition at the price point and approachable to those looking to get into BTC mining.
These mini miners are total scams. Pools have minimum thresholds you need to reach before a payout and these things would take literally forever to reach that then most of it would be taken in pool fees and gas fees. You'll never make anything from this
yeah this is more a cool little novelty item most meant to be a lottery miner and workstation space heater. But it is awesome compared to the competition at the price point. For payouts w/o fees, ViaBTC seems to have lowest threshold of the major pools at 0.001 which would be quite a few months w/ only a single 4TH unit. Braiins will allow payouts at 0.0002 BTC which is much more achievable but does have fees
very true @justh0dl. I sometimes forget how many people use nicehash and it typically pays out higher for miners due to demand cost of rental anyway. maybe i'll put one unit on nicehash and one on viabtc for comparison of earnings.
@@motorcityminer NiceHash payment thresholds are pretty high. Honestly I bought 2 L3+ used for $50 each. I rent the hash rate out on miningrigrentals and earn about $5 a day. When they aren’t rented they just click back to the pool I want them mining on it’s been insanely profitable
I don't see how to get profitable. even with a more efficient S19 and I get 3818,88 kWh / month (COST here ~ $1350) while earning 0,0000344 BTC (EARN currently ~$2,4). Do I miss anything?
At current value of BTC, most miners are indeed unprofitable at most electric rates especially your very high rate of $0.35 KWh. Typically you will want at least below $0.10 KWh rates for crypto mining to be profitable and even then depends on coin and current value. The specific model in this vid is no exception but at only 140w can be used as a lottery miner for relatively cheap
A mini box miner is way more efficient than one of these. Which is why I have a mini doge and a couple of KD boxes. Better ROI and heating ability for the money. ROI on one of these is going to be 3 to 4 years. So not worth it.
Do not waste your money. Unless your electricity is free. Most people using these rigs that make a profit, make less than a dollar a month NET, after paying for electricity. Where I live it would cost me $18 per month to run this 24/7. If I make 30 cents per day, $9 per month of BTC, I end up losing $7 per month. The play is to assume your BTC will double in price in a few years, but I would not hold your breath. On most web sites it is being sold as a "desktop heater" that can mine BTC. If you want a toy, go for it. IMO if you're going to spend a hundred bucks and make zero money, you may as well solo mine and hope you catch a block. At least you have a chance of a big score, and in the end, you are not spending any more than you would for this waste of money.
You do understand this is marketed as a heater for at a workstation right? Just happens to mine BTC and have higher hashrate than anything else at this low price point. So, it's a well built mini space heater that offsets some of its costs w/ BTC. Or you can in fact use as a lottery miner, still better buy than any other lottery miner as the hashrate is significantly higher than other lottery miners.
ok, proof? They def work as workstation space heater. Wife uses it at her desk as she is typically cold and this gives decent heat in the immediate vicinity (no it will not heat an entire room but again not what it is marketed as, it is a desktop heater, room heaters are like 500w device minimum typically and cost way more to run), and I get some BTC or play the lottery depending how I feel. Not sure what you're not getting here? It's not for everyone but does have a use case as small space heater/novelty miner which is exactly what it is marketed as.
@@motorcityminer The only proof I need is the title of your click bait video - "Destroys All BTC Mini ASICs" - oddly missing from the click bait title is the word "heater". 160 watts (ie, a hundred watt and a sixty watt light bulb) is not going to warm anyone's fingers or toes anywhere in, around, on top of or under a "workstation". You're lying to your audience and people without the money to spend on this crap will waste their hard earned money and end up with a larger electric bill so you can shill this crap. You should be ashamed of yourself.
Uhm, it does destroy all mini BTC ASICs on performance, price, and build quality. Please find me a single BTC ASIC that can do 4TH and costs under $150 dollars. or does 4TH at 140w. I'll wait... Oh and clearly you don't understand basic science or else you would now a 160w lightbulb would output a completely different amount of heat than a computer since much of the energy in a light bulb turns into... wait for ... light... duh... whereas a computer outputs... heat... and i guess in this case wifi radio waves which are negligible energy wise. Please go tell anyone who has ever run a GPU @ 140w that it creates no noticeable heat on their gaming desk and see what they say. Also, I ain't shilling anything. I bought this, receive nothing for discussing it, and just say it how it is. There is no other bitcoin miner that has this performance at this low cost that makes bitcoin mining accessible to most if interested. Do yourself a favor and actually use any bit of logic before you make yourself look like a fool again.
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Let's do some quick comparisons and math:
Bitmain Antminer S19 XP Hydro
Price: $6,098
Speed: 257 Th/s
Power: 5,304 watts
Avalon Nano 3
Price: $99
Speed: 4 Th/s
Power: 140 watts
We take the S19's 257 Th/s and divide that by the Avalon Nano 3's 4 Th/s and get 64.25, so we would need 65 of the Avalon Nano 3's to compete with 1 Antminer.
We take those 65 units and multiply it by the $99 price tag and get $6,475.
As for the power consumption comparison: 65 units and multiply it by 140 watts equals 9,100 watts of power.
The only four things I see the Avalon has going for it is 1) availabilty, 2) less noise?, no special power input requirements, and 3) the ability to start small and scale up.
don't get me wrong, big ASICs are the way to go and always best value proposition. This is just a cool stylish affordable and high build quality entry point for home miners who have had little choice to get into bitcoin mining as the current stock of mini BTC ASICs are either way overpriced, or practically negligible hashrate.
What's the exact power supply I need for this because I just bought one without a power supply @@motorcityminer
USB-C power supply capable of at least 140w output. That is the tough part since most laptop psus don't go that high. Gaming laptop PSUs might be best option but can be $$$. Why i ended up just paying the $30 for the psu.
@@motorcityminer the mine shop only had the European outlet plug so I didn't add it to the bundle
If you have a link to an American outlet that would suit this project let me know post the link and I'll take your advice and buy it
Got one of these, it's great as a desktop heater with nice gently heat and low power. Does 4TH/s and warns about $15 CAD per month for us (after electricity costs).
Nice! Pretty much exactly the use case it was designed for.
I expect the power savings is coming from the 4 nm manufacturing of the processors. Awesome to see these advancements.
100%, the new Canaan 4nm chips definitely help make possible at this cost.
🧐🤔 Im thinking of buying 8 or 10 of these to put around the home and office and Shop. In your opinion, what would be the best way to set these up? Should I have a few lottery mining and the rest on the other mode, should i pool or Solo mine? Also should I run these on high or medium for longevity of the device? Im just looking for tips or advice on the best way to run these?
If you have 8-10 total, many possibilities depending on your risk appetite. High risk = All lottery (would be effectively one really large lottery miner around 30-40TH/s depending on settings), Medium Risk = some lottery, some pool, Low Risk = all pool (at 30-40TH would be a respectable $3 a day revenue (not profit)).
For settings, I prefer the Medium 90w @ 3TH setting. Less wear and tear and PSU runs cooler and will likely last longer. Also seems to be the sweet spot efficiency wise on these. However, if heating house, you might need to run on High setting depending on size of house and weather.
I have 3 and know a bit about these now having swapped components over and sourcing replacement fans they make 2 versions of this G1 mini. This one you have is the 4000 rpm version. The fan IC is on the hash board. So if You replace the fan with high current capability lome the 0.47A 6000 rpm fan it will still only spin at 4000 rpm. Theu also make a 5000 rpm version and they come with better fans from the factory with dual bearings. They are green sticker. The hash control board on top of the miner is what controls the hash speed. Swapping this board over has no effect on fan speed but I have a slow, medium and fastest control board naturally and swapping the control board to a different moner achieves the same hash as with other chips. So the silicon lottory is in the control board ontop and not the chip board. Also you want the 5000rpm version. Check with factory before order to make sure they send you that version.
Interesting, didn't know there were different fan versions of the iPollo G1 Mini
I take it back. The 12v fans spin at different RPM. That depends on the amps of the fan. So my upgraded 0.47A fans do spin at 6400 rpm but only show in the dash at 4000 rpm. I believe its a glitch in the firmware because the green 0.2A fans say they spin at 5400rpm and thar is not possible according tho the fans specification. Those purple fans are terrible though the bearings are noisy. They are 6020PWM
@@motorcityminer And encase You are wondering or worried about using higher amp fans. Its no problem because the G1 mini is 120 watts and the power supply is 180 watts so You have PLENTY spare. amps X volts = watts. so the 0.2a fans are 0.2amops x 12 volt = 1.4 watts each. 9.6 watts total. my 0.47amp x 12 volt = 5.64 watts each. x 4 = 22.56 watts total. minus the 9.6 watts the original fans are is a total of 16.92 watts extra I am now pulling about 135 watts from the 180w power supply. Its fine.
$232 dollars for (Avalon Nano3 with Full Set
Includes: Avalon Nano 3 + Power Cord + Power supply)shipped to US Address . not even close to the $100.
165 USD (225CDN) just ordered
Yeah, so seems shipping costs are all over the place, even for those in the same country. I know multiple people in USA that have bought one and shipping has been anywhere from $12 to $76 depending where you live. Assume it has to do with how close you are to FedEx hubs as that is who they have been shipping w/
Dude did you tip Indiegogo? You shouldnt be paying that much
I think the $232 you're seeing is probably in Singapore currency if you're going off indiegogo price.
says 233.87 CAD on the CC transaction
MCM awesome little unit .. but man i too happy they put in $50 tip at the checkout, i feel if it set it to 0 i may not get it lol but yeah would be cool if we have a community purchase of like 100 units
I set mine to $0 and they arrived lol. but yeah, Indiegogo is a little different than Kickstarter in their revenue structure. Whereas Kickstarter takes a % of the projects net funds raised, Indiegogo relies on donations at checkout for providing you the opportunity to support a project. I asked Shirley about bulk orders but was told that during the initial campaign they will only support purchases through Indiegogo or other resellers. I would imagine long term they will sell directly on their own website like their other products which allows for bulk orders.
Thanks for the video! Can I fully set this unit up through the app, if I can’t access the web ip interface?
Yes
Yes, you can in theory. I was having issues w/ setting the pool data in app, but an update to the app seems to have fixed this since I recorded. At least for me the issue seems resolved.
@@motorcityminer thank you! I want to plug it in at a place where I might be restricted from accessing it through the ip in the web, so I need the app to work for setting up the pool.
ah, makes sense. I have not had any issues on the Andriod or iOS app since they pushed an app update. So hopefully the app issue is resolved.
@@motorcityminer thanks a bunch
if you got several of these around the house, it could be a legitimate home space heater... especially if you live in a cold part of the world with constant cold temps.
100%
The Canaan psu is 28V 5A and 140W, will a 20V 6.5A and 130W psu work for me? I appreciate the help. ⚡️⚡️⚡️⚡️⚡️
It will not be able to use high power mode (4 TH) without a 28V 5A psu
😂😂😂 What a sales pitch
lol, been awhile since something this cool for $100 in crypto imo. Got some for all the relatives as novelty gift.
@@motorcityminer Hello, friend, can you tell me when you bought it and how much it mined? Are you satisfied with the device? I wanted to know how many dollars it gives per day, and also how much it gives out per month? one is worth buying or buying from the Internet ready-made sites that sell speeds for money in order to get bitcoins.... CryptoTab browser
Are there any better miners under 500watts? If i want to buy this 1 in the shop, it seems not possible with power adaptor? Is this profitable with the price of electricity?
ones on Indiegogo labeled "Full Set" include psu. profitability will depend on your personal electrical rate. Under 500 watts there are a few better miners but they will cost you a lot more (i.e. Goldshell KA box, AL Box, etc.)
how much does it earn daily? excluding electric cost
Pre bitcoin halving, at current cost of BTC, about $0.42. So not much, more just cool approachable entry point product in the crypto space which beats anything else at this price point.
Since you bought it and used it how much have you made and what coin do you mine with it?
right now they are mining btc and have earned about $7 each
@@motorcityminer is that 7$ a month or in total since you posted this video?
since posting the vid
Cool device. You mention that it can be used as a lotto miner? Would the setup change at all for that vs pool mining?
Not very much, just change the pool address the miner points too
As @RainBitcoins mentioned, just change the pool stratum info to a solo pool of your choosing.
Where are these available???
Canaan is selling direct through Indiegogo (Asian Kickstarter): www.indiegogo.com/projects/avalon-nano-3-blockchain-smart-home#/
Project is already fully funded and shipments in progress.
They not ship to Thailand 😞.... This machine makes 40 cents a day before electric. I think only very useful for solo mining 🙂and heating the house on top.
Yep, might as well earn some BTC while keeping the family warm.
I'll send you one to Thailand from America
@@chb2livewilling to send me one to South Africa?
@@motorcityminerwilling to assist in getting 2 units to South Africa?
@@elarderasmus yes
When I look at the link provided the price is in Euros. You show a page with the price in dollars. I'm in the southeast of the US. How do I know if I'm getting a unit from a US distributor? I do not want to deal with Customs charges. Thanks.
It is a website cookies setting. If you hover over Euro at end of the total raised amount at top of page, you should get a pop-up that says "Edit Currency Settings". This is a currency setting site wide across Indiegogo and you should see all currencies in the selected currency. You can change to USD there. Note these units all ship from Singapore as that is where Canaan is located. They do not have these new units in their US warehouse yet.
Is it possible the "mining management" doesn't work in this video because your Nano is on your guest network while you are on your production network? The other options might be cloud base settings which is why they work but mining management might be a local thing.
You should be able to manage your nano from anywhere in the world w/ the app. The issue I was having was indeed fixed in an app update after filming. Haven't had any issues since.
Yup,had to pull the trigger on some too😆
Low yield, but only $100, so might as well get some BTC while heating the house.
Bro! I snagged one using your link! Holy cow! Thank you so much for the info.
np, glad to help!
Wait when does yours ship? I ordered one and said they don’t ship until June . And after shipping and accessories was 210$
@@jerrysanders9101 they just posted an update on their Indiegogo page. You will get an email notification from indiegogo when the status of your contribution is marked "Locked".
Yeah, new orders at this point are for June Batches. They have been updating the ship date for orders as they came in. Earlier purchases had March/April/May ship dates.
Canaan does amazing stuff guys !
💯
So with the Halving right around the corner, it will take you almost 2 years for it to pay for it self, that's excluding the power comsuption. I don't do any mining but does the amount you earn affected by the price of Bitcoin?
Yes, the amount earned is directly correlated to price of bitcoin. So unless bitcoin sees some large price appreciation it will indeed take a long time to ROI this miner. This miner is really meant more as solo lottery miner and heater at this price and hashrate.
Payed the extra got one from ebay and within 2 hrs of startup it's not working. Applied the update and changed mining pool and it's now not working. Got any good connections for trouble shooting?
Sorry to hear your troubles. Was the unit still sealed? Best bet would be to reach out directly to either who sold you the item or Canaan support: www.canaan.io/supports/
@motorcityminer it was sealed but I went about the red panda way and put heat sinks on it to keep it cool. Voided the warranty. But I reached out to the site I bought it from waiting to hear a response
Hopefully they can help. Wonder if something got short circuited while adding the heatsinks?
@motorcityminer i tried looking at the board didn't visually see anything. Doesn't have that smell either. Seemed to be working until I updated it. Hopefully it's something from the update. Would have made for a good video.
Hey does the psu come with it would hope?
You can purchase with or without PSU on Indiegogo. "Full Set" is the option w/ PSU.
How much does it mine on avg,
About $0.4-0.5 a day pre-halving.
So with halving next week for BTC and assuming 0.20 kwh all in electricity costs + $70K BTC spot price, ROI on this is looking close to 2 years. What I'm wondering is, what if you hooked this up to a Kano or NiceHash to generically mine 256. They reward you in BTC. Currently ROI would be a year. But would this also get halved next week or is it only if you are mining BTC directly in a pool or solo mode? Cheers.
So Nicehash rents SHA-256 algo which you get paid for. Only BTC has halving next week (BCH already had a few weeks ago, other SHA-256 coins vary). To predict how earnings on Nicehash will be affected is rather hard since it depends what SHA-256 coins your specific machine is rented for. Majority of rentals are for BTC and thus when mining after halving will affect earnings by 50%. But since in theory your machine could be rented for other coins that don't have halving those earnings would remain the same. So, if I had to guess, I would expect slightly less than a true halving in earnings on Nicehash, maybe 40%-45%. But again, really hard to predict as solely dependent on demand for each SHA-256 coin on Nicehash
How can this be configured to try bitcoin solo mining?
easiest way is to point at a solo pool such as solo.ckpool.org:3333 in the stratum information
@@motorcityminer what if I have my own full bitcoin node? do you know to configure it to solo mine with a node?
Better power rating for the hash then my S9
Is that the power supply it comes with it?
yes it is
so what does that equate to per month.
right now w/ the current value of bitcoin, about $12-15. post halving will be half that. but again solely depends on price of BTC. this is definitely space heater first, novelty miner 2nd.
Can i use it to mine Lite coin?
No, Litecoin uses the Scrypt algo. This is a SHA-256 miner so Bitcoin, Bitcoin Cash, Bitcoin SV, etc.
This little beast is surely powerful.❤ It will definitely give you surprise🎉
great miner, gonna check it out
Do not waste your money. Unless your electricity is free. Most people using these rigs make less than a dollar a month NET, after paying for electricity. Where I live it would cost me $16 per month to run this 24/7. If I make 30 cents per day, $9 per month of BTC, I end up losing $7 per month. The play is to assume your BTC will double in price in a few years, but I would not hold your breath.
You do understand this is marketed as a heater for at a workstation right? Just happens to mine BTC and have higher hashrate than anything else at this low price point. So, it's a well built mini space heater that offsets some of its costs w/ BTC. Or just use as a lottery miner, still better buy than any other lottery miner.
Thank you for video. New to mining. Great vid. I ordered two upon your recommendation! Subscribed!
Thanks for the sub!
@@motorcityminer of course. Keep up the great work!
RIP your money
@@motorcityminer I also ordered two. Just need to figure out how to link my mined BTC to my coinbase wallet.
@jcbsportscards6841 will depend on the pool you use. Some pools you use your BTC wallet address as your account and would payout without issue. Other pools require "account" such as the example in the vid, where you would then have to add a BTC address to your account for them to payout too.
It's a solo miner right? It doesn't mine crap till it finds a block right? Chance per block:
1 in 144,595,000
Chance per day: 1 in 1,004,132
Time estimate: 2,751 years
Correct, if running as solo lottery miner those are about the odds. You can run on pool mining though as well which will have minimal $0.20-$0.30 earnings a day
These devices look really good, I've got 1 on order
When did it say it shipped? You order off indie gogo? I ordered and total was $210
They have been selling in batches on Indiegogo. Current listings state June delivery, while earlier purchases had March/April/May delivery dates depending on when purchased
probably not a single customer of theirs will make a dime from it.
will depend on electrical rate especially post halving but yes this is more a cool little novelty item meant to be a lottery miner and workstation space heater. But it is awesome compared to the competition at the price point and makes Bitcoin mining accessible to those wanting to dip their toes in which hasn't really been the case in BTC mining for years at this point.
Most people don't buy miners like this for profitability unless they have super cheap/free power. They're mainly for lotto mining.
Great video, but the price for US customers is $219.00
Yeah, so seems shipping costs are all over the place, even for those in the same country. I know multiple people in USA that have bought one and shipping has been anywhere from $12 to $76 depending where you live. Assume it has to do with how close you are to FedEx hubs as that is who they have been shipping w/
That because the tip
Perfect for winter lol
Yah, few months late on Canaan's part. but ready for the upcoming bull run winter i guess
Sounds good 👌
@@motorcityminerwhere can I get a power supply for this unit I just got the unit without a power supply so what power supply do I need
What’s the daily profitability of it?
about $0.40-0.50 USD revenue depending on BTC value at the moment. Profit will then depend on your electric rate.
How much it make a month ?
around $6 a month after the halving. this is meant more as a lottery device
How is it going to handle bitcoin halving?
it will earn half as much per block not including fees which are variable on the network.
Do you have a link for a US shipper?
www.coastalcryptomining.com/product-page/canaan-avalon-nano-3 but pretty much any reseller is way overcharging for these. You will pay a lot less buying direct from Canaan but it will take awhile to receive if you order direct.
I'm still a little confused on how you set it up with your computer
You cannot fully setup on computer. You have to use the app to first connect the unit to wifi. Once connected to wifi, you can access the unit through its local IP address which can be seen in the upper left corner of the screen on the unit.
I asked a lot of these questions halfway through the video before I finish the video so you ended up answering the question
great video!
Thanks!
That gauge is not heat... It's wattage
Also brains min payout is 0.0002 btc
Yep, made an error there on the screen reading. And should have mentioned I meant for zero fee payouts ViaBTC seems to be lowest. Will clarify in forthcoming follow-up.
@@motorcityminer no worries mate... I appreciate you and the video you made here... I ended up purchasing 4 nano's as a result. But are you sure no withdrawal fee's a viabtc? Seems they have one of the highest fees out there, 3.5-4%
ViaBTC can be very high if you set a payout below 0.001 or you use on demand payouts. However, if you set BTC payouts above 0.001 and to "automatic" they offer fee free withdrawal which is the lowest fee free withdrawal I am aware of for a BTC pool. Automatic payouts are processed once daily once threshold is met.
@@motorcityminer oh wow, very good to know, thank you.
It is not clear on the website if this includes a charger
On Indiegogo, the ones labeled "Full Set" include the PSU.
Is it possible to make solo mining here? If yes, on which pools working this device?
Yes, it can solo mine. You can input any SHA-256 pool stratum you chose.
Great! Where can I order this baby? On Canaan I can only make a “bulk order”
Canaan is selling through their Indiegogo campaign page. Link in vid description.
Public pool is a great solo pool
How will bitcoin halving affect this.
mining rewards will be cut in half unfortunately :*(
It looks amazing but these miners are extremely expensive for users here in Africa we are still running S9 miners
Sorry to hear that. Yeah, doesn't look like they ship to Africa atm.
@@motorcityminer it's all good sir we hope and pray that one day we will be able to purchase better miners. Especially with our free electricity on Mt property
I need to find myself a place w/ free electricity, sounds awesome!
@@motorcityminer if you have an email or contact information I could chat with you further on it would be amazing so I could offer my help
New to this. Going to buy. Can this be set up to Nicehash?
Multiple requests on NiceHash, will do a test in follow-up vid but in theory should work.
Yes
Where do you add your BTC wallet ?
In the app at the very bottom there is "Mining management" button. Unfortunately, that didn't always work as there seems to be some bugs in the app yet. You can also input by logging into the miner through web GUI using local IP address. I walk through both methods in the setup portion of the video. The app way is the easiest, if you can get it to work that is.
Did you have to pay any import fees?
no, under the $ threshold for USA, will depend on your country's regulations though
I subscribed and I bought one. It’s way more efficient than my bitmain s9.
Thanks for the sub! and yeah, i didn't even think to compare to the S9 but that is another popular mini BTC that put to shame by this little guy.
I need some help setting mine up with the computer@@motorcityminer
see my other response to you, but you will unfortunately have to use the app to at least get the unit connected to wifi before you can do remaining setup on computer.
@@motorcityminer I'll keep you updated! Can't wait to get it
How much money does it make you
very little, post-halving about $0.20 usd worth of bitcoin a day. this is more a novelty lottery miner as are all bitcoin miners in this class.
What do you guys think the lifespan of this unit is ? As a rough guess, could it last 10 or 20 years before potentially breaking ?
No clue tbh. I have never had any mining equipment for more than 4-6 years to date.
Hi, What is the profit you have obtained since you have had it?
hard to say as the price of bitcoin has been very volatile the last few weeks. So profit varies each day. probably $5 profit.
@@motorcityminer $5 Per day or your current earnings
@@motorcityminer Hello, is it $5 per day or is it the profit you have earned so far?" And in how much time?"
$5 total over about 2 weeks. it only mines $0.2-0.3 a day post halving
@@motorcityminer thanks
ROI?
post-halving about 2 years at current btc values. this is meant more as a lottery miner and space heater.
I thought I was doing good with my modded s9's lol
Getting all of them running 8-9th @ 650-700w took weeks. rip
That's pretty good OCs for an S9. Impressive!
Thanks! It was a fun experiment.
Optimal power to performance on most S9's is about 8.1-8.3v to the hashboards, seems to end up under 700w every time if you keep them @ 8.2v or less. I ended up using Hiveos rather than Braiins os in the end, which was surprising. Braiins seemed to be better at first, but once I tuned the chips manually with Hiveos then re-ran the autotune, then tuned again manually, Hiveos turned out superior.
Now I'm considering modding the PSU's to deliver around 5-6v just so I can put silent fans on the things and use them as heaters lol
Sorry for the long winded reply, hopefully it was interesting xD
np, cool stuff. If you check out my IceRiver vids you'd see i love tinckering w/ asics as well and trying weird stuff
I see they don’t ship to South Africa. Anyone willing to assist me in getting it to Pretoria in South Africa?
tear it down please, I would like to see what's inside 🤩
will plan to in follow-up vid. thanks for the suggestion!
Ordered one from idiegogo and one from mineshop, cost 245 and 205 repectively...let's see if and when I get them
Yeah, so seems shipping costs are all over the place, even for those in the same country. I know multiple people in USA that have bought one and shipping has been anywhere from $12 to $76 depending where you live. Assume it has to do with how close you are to FedEx hubs as that is who they have been shipping w/. I paid $36 in shipping.
There are no miracles... winter is (halving) incoming:-)
Smart contracts are self-executing agreements on the blockchain.
Sick, but not 100. Over 200 in u.s. now. Paid 225 already from mineshop for 1. Official listing is 229 to u.s.
Are you sure that wasn’t Singapore dollar? 220.
Why did you bother with mine shop? If you cancel the tip at Indiegogo it's cheaper
If you use Indiegogo and cancel the tip amount, should definitely be $127 USD w/ PSU (not including shipping). Indiegogo does list in Singapore dollar at various points in checkout so might also cause confusion. Shipping will depend on your location. Even just within the USA I have known people to get anywhere from $12 to $76 quoted in checkout. Assume it depends on amount of hubs it must go through to get to you.
@motorcityminer I paid 247 on indiegogo.. I did leave the 26 dollar tip in however. That includes the unit, the power supply, and shipping. So yeah, it is around 225 in usd now on there for u.s. shipped with psu
@@motorcityminer east coast usa
whats the profit?
Profit will depend on your electrical rate, but revenue is about $0.40-$0.50 USD a day depending on BTC value pre-halving.
What is the profit you have obtained since you have had it?".
not much lol. it only mined $0.4 a day before halving, now $0.2.
Why ado you say that this wouldn't make a good lottery miner?
it would make a good lottery miner. actually the best lottery miner given the cost, efficiency, and hashrate.
@@motorcityminer i think in the video you made this comment about it not being a good lottery miner due to not having ethernet port.
@@OldFilmCameras ah, yes. Ideally you would solo mine any high difficulty network over ethernet and to your own node to improve your odds as much as possible. Not as important if pool mining. So, I mentioned the lack of ethernet may be a turnoff for some as it is the only real weakness of this unit.
In the future... all major electric heaters and electric furnaces for homes, factories and warehouses will be bitcoin miners. I just makes logical sense.
100%, I have heated my home w/ miners for over 4 winters now.
keep mining bro, we about to boost hard.
100%! I will always mine!
i would have been amazed if it was 10TH at 200 watts.
By the way i am not trying to hate on this. I know its a great achievement but it would be nice to see something new compete with the old gen Antminer S9. The sales would go trough the roof. If people are happy with 4TH. They will be even more with 10 TH.
I agree, I think a "Pro" version to finally put the lingering S9s out to pasture would be ideal.
@@motorcityminer Could you please show us how this box currently does on nicehash? I am asking because nicehash is known to pay higher then other pools over a 3 hour period.
Gotten a couple Nicehash requests. Will plan to do a trial run on there.
@@undead567 Canaan told they are working on a larger home version and that's all they could tell me.
for 12$ a month…I wouldn’t even bother
lol, yeah this is more a cool little novelty item but awesome compared to the competition at the price point.
I'm going to run mine in solo mode. Currently a block reward is about $400,000 in bitcoin.
That or @pelishminer had a good idea of BCH solo since odds are considerably more favorable. Less reward but still like $1800 or so at current costs.
Makes the heat free
Ya me personally I would pay to about $5 a month to run a heater/btc miner that really dosent do either im good I buy enough paper weights lol
lol, yeah this is more a cool little novelty item but awesome compared to the competition at the price point.
@@motorcityminer hell ya for sure not down playing at all especially at that price. At 100 its still worth getting for sure. Have a great day, love the vids
Total devastation to the other mini BTC miners….😮💨💥💥💥💥😢
They should make an even cheaper one without the screen and rgb
🤣 Avalon Nano 3 "Slim" Edition
@@motorcityminer I'll take 10 for my Garage
lol, nice. 10 should heat a 2 car garage over the winter i would think. if insulated that is.
I wanted to buy a A14 but those delta fan are too much (noise wise)
Immersion is cool and all but too precarious for garage that get use.
What I think the crypto space is missing is the 1500w range miner for 120v 15 amp plug based on 4nm architecture
@@obic123 100% agree. Would love to see a 1000w-1500w sha-256 miner. That's why I really like what IceRiver did with the KS1/2 and Goldshell has done in the past w/ their "Lite" series
So a smartphone is enough to set it up, no need a computer, right?
Yes, that is correct
Going to purchase 50 units must be better call.
🤣
interesting
indeed
Can I mine at nice hash is this a asic algo
it is SHA-256 miner (BTC, BCH, etc.). I will have to test if works on NiceHash. In theory it should, but haven't tried.
@@motorcityminer cool Man lmk Im really interested this is a crazy low price for the has rate even beats the gold shell box miners that are about 400-600 right now . good deal
@@motorcityminerplease test this on nice hash today
@@motorcityminerwhat are you using nice hash? Or another program? Can you test it on nice hash for us
@@motorcityminerwhat program are you using
Is it up to my phone or, 720p in 2024 still popular? 😅
Not sure, the files themselves are 1080p but I'll check that RUclips settings aren't limiting.
very cool!
Damn so awesome ordering a few of these now lol edit: ordered 4
🤣 gotta stay warm in those Michigan winter somehow lol
looks like just a lottery miner definitely wouldn't pool mine with it
100% agree, but at least would earn something if on pool unlike typical 0.25-0.5TH lottery miners if someone preferred that route.
@@motorcityminer true
I need someone to address my missing money
can you solo mine on them and play the bitcoin lottery?
yes, you can mine to any pool/stratum or even your own node.
What is the password to log on
"root"
The Password is Password
Man … hope they paid this review lol cause even with it losing $8 a month at my electric i might wanna get 2 😂😂😂 but in your opinion this is another lottery miner tho essentially… set and forget ?
🤣 nah, no payment here. and yeah, just a fun novelty lottery miner that is the best in its class by a long shot.
@@motorcityminer yea i commented before u said the wifi kinda kills the lottery miner aspect but yea still pretty cool … maybe get one for my 2 yr old and just let it run #collegemoney 😂😂😂
yeah, wifi def won't help the odds. and nice, i got one for each of my siblings for fun.
So basically about 2 years to break even after halving in the summer Ok
yes
they dont ship to mexico :(
that's a bummer, you could try reaching out to their custom support to see if they can do custom order: customerservice@canaan.io
I'll ship you one to Mexico from America after I get it from Ireland
I just ordered it from Ireland and I can sell it to you in Mexico
So great that you'll never see it! Ordered back in February, still nothing. I'm not holding my breathe on this junk.
I know many that have started to receive. As with any newly released crypto ASIC, it usually takes a few months to get pre-orders out. This is nothing new in the industry. I waited 3 months for my original Kaspa ASICs, same w/ Kadena. This is the norm for new product launches in the space.
Better to buy $100 Bitcoin. If you live with mom, get one and convert part of her utility bill to btc.
lol, yeah this is more a cool little novelty item but awesome compared to the competition at the price point and approachable to those looking to get into BTC mining.
These mini miners are total scams. Pools have minimum thresholds you need to reach before a payout and these things would take literally forever to reach that then most of it would be taken in pool fees and gas fees. You'll never make anything from this
This is such bullshit lmao. You can withdraw via lightning after 1 day on nice hash.
yeah this is more a cool little novelty item most meant to be a lottery miner and workstation space heater. But it is awesome compared to the competition at the price point. For payouts w/o fees, ViaBTC seems to have lowest threshold of the major pools at 0.001 which would be quite a few months w/ only a single 4TH unit. Braiins will allow payouts at 0.0002 BTC which is much more achievable but does have fees
very true @justh0dl. I sometimes forget how many people use nicehash and it typically pays out higher for miners due to demand cost of rental anyway. maybe i'll put one unit on nicehash and one on viabtc for comparison of earnings.
@@motorcityminer NiceHash payment thresholds are pretty high. Honestly I bought 2 L3+ used for $50 each. I rent the hash rate out on miningrigrentals and earn about $5 a day. When they aren’t rented they just click back to the pool I want them mining on it’s been insanely profitable
I don't see how to get profitable. even with a more efficient S19 and I get 3818,88 kWh / month (COST here ~ $1350) while earning 0,0000344 BTC (EARN currently ~$2,4). Do I miss anything?
At current value of BTC, most miners are indeed unprofitable at most electric rates especially your very high rate of $0.35 KWh. Typically you will want at least below $0.10 KWh rates for crypto mining to be profitable and even then depends on coin and current value. The specific model in this vid is no exception but at only 140w can be used as a lottery miner for relatively cheap
A mini box miner is way more efficient than one of these. Which is why I have a mini doge and a couple of KD boxes. Better ROI and heating ability for the money. ROI on one of these is going to be 3 to 4 years. So not worth it.
yes, this is more a novelty lottery miner but does significantly beat all other bitcoin miners in its class on all fronts.
Do not waste your money. Unless your electricity is free. Most people using these rigs that make a profit, make less than a dollar a month NET, after paying for electricity. Where I live it would cost me $18 per month to run this 24/7. If I make 30 cents per day, $9 per month of BTC, I end up losing $7 per month. The play is to assume your BTC will double in price in a few years, but I would not hold your breath.
On most web sites it is being sold as a "desktop heater" that can mine BTC. If you want a toy, go for it.
IMO if you're going to spend a hundred bucks and make zero money, you may as well solo mine and hope you catch a block. At least you have a chance of a big score, and in the end, you are not spending any more than you would for this waste of money.
You do understand this is marketed as a heater for at a workstation right? Just happens to mine BTC and have higher hashrate than anything else at this low price point. So, it's a well built mini space heater that offsets some of its costs w/ BTC. Or you can in fact use as a lottery miner, still better buy than any other lottery miner as the hashrate is significantly higher than other lottery miners.
@@motorcityminer Yes. Waste of money. Useless for both functions.
ok, proof? They def work as workstation space heater. Wife uses it at her desk as she is typically cold and this gives decent heat in the immediate vicinity (no it will not heat an entire room but again not what it is marketed as, it is a desktop heater, room heaters are like 500w device minimum typically and cost way more to run), and I get some BTC or play the lottery depending how I feel. Not sure what you're not getting here? It's not for everyone but does have a use case as small space heater/novelty miner which is exactly what it is marketed as.
@@motorcityminer The only proof I need is the title of your click bait video - "Destroys All BTC Mini ASICs" - oddly missing from the click bait title is the word "heater".
160 watts (ie, a hundred watt and a sixty watt light bulb) is not going to warm anyone's fingers or toes anywhere in, around, on top of or under a "workstation".
You're lying to your audience and people without the money to spend on this crap will waste their hard earned money and end up with a larger electric bill so you can shill this crap. You should be ashamed of yourself.
Uhm, it does destroy all mini BTC ASICs on performance, price, and build quality. Please find me a single BTC ASIC that can do 4TH and costs under $150 dollars. or does 4TH at 140w. I'll wait...
Oh and clearly you don't understand basic science or else you would now a 160w lightbulb would output a completely different amount of heat than a computer since much of the energy in a light bulb turns into... wait for ... light... duh... whereas a computer outputs... heat... and i guess in this case wifi radio waves which are negligible energy wise. Please go tell anyone who has ever run a GPU @ 140w that it creates no noticeable heat on their gaming desk and see what they say.
Also, I ain't shilling anything. I bought this, receive nothing for discussing it, and just say it how it is. There is no other bitcoin miner that has this performance at this low cost that makes bitcoin mining accessible to most if interested.
Do yourself a favor and actually use any bit of logic before you make yourself look like a fool again.
Good video but not profitable
yeah, depending on kwh price, either barely profitable or not. Really meant as a solo lottery miner and a fun novelty item to get into Bitcoin mining.
I ordered 2 because @MotorCityMiner told me so
Same here 🤣
Same here 😂
*cough* NFA *cough* lol
@@motorcityminerCanaan saleperson of the year.
Damn I wanna join the club!
Nice, but you never wil get money from this so WHY BUY it, for what, for fun. Somebody Explain this to me please
yeah, just for fun as a novelty gift. It is a "lottery" miner
🤷 Promo_SM