However, it’s essential to note the S21’s unique requirements, comes with a separate P13 to C20 cable and a dedicated 20A connection, which may present setup challenges. The miner also features a power-efficient mode, reducing the hash rate to 160 TH/s at 2600W, further optimizing energy consumption to 16.25 J/TH. During testing, the LuxOS firmware was explored for potential overclocking adjustments, but issues were encountered with pool hash rate reporting, indicating a need for further firmware development.

When comparing the Antminer S21 to alternatives like the Antminer S19K Pro, Whatsminer M60s, and Avalon A1466, it’s crucial to weigh the cost, efficiency, and build quality. The S21’s price point is competitive, yet when adjusted for efficiency, the Whatsminer M60S might offer better value and durability, suggesting it could be a preferable choice for some miners.

Regarding Bitcoin’s price trajectory over the past year, it’s seen significant fluctuations, with recent analyses suggesting potential short-term uptrends but also cautioning against possible downturns, indicating a volatile market that miners must navigate carefully​​​​. The mining difficulty has also seen adjustments corresponding to the network’s hash rate changes, impacting profitability.

You can checkout most accurate miner profitability here https://hashrate.no/asics/s21

Looking ahead, the upcoming Bitcoin halving in 2024 is poised to halve mining rewards, a pivotal event that historically influences Bitcoin’s value and mining economics. Miners need to stay informed about these developments, as they could substantially affect the profitability and strategic planning of mining operations.

In summary, the Antminer S21 presents a compelling option for miners, with its high efficiency and power-saving mode. However, its true value comes down to individual miners’ operational preferences and the broader context of Bitcoin’s market dynamics and mining ecosystem developments.

Here is an easy steps to set up your flight sheets in HiveOS!

1. Log in to your HiveOS account and access the “Rigs” page.

2. Select the rig for which you want to create a flight sheet.

3. Scroll down to the “Flight sheet” section, and click on the “Create” button.

4. Fill out the form with the relevant information about the rig, such as its GPU configuration, overclocking settings, and power consumption.

5. Click on the “Save” button to create the flight sheet.

HiveOS flight sheets can be applied for both Asic miners and GPU miners.

In summary, creating flight sheets in HiveOS allows you to monitor and optimize the performance of your mining rigs, share important information with others, and make informed decisions about your mining operation.

Mining as an Integral Part of the Blockchain System

Bitcoin mining is the process of individuals or groups of people verifying transactions using graphics processing units or application-specific integration units. Those engaged in mining also prevent double-spending, which is when someone duplicates a Bitcoin. When someone verifies a transaction, they successfully “mine” Bitcoin. However, there are conditions that the miner has to meet to receive a financial reward.

To be successful, the miner must verify one megabyte of transactions. One megabyte is equal to one block of the blockchain. The blockchain is where transactions are recorded and verified. Secondly, he must be the first person to complete a complex math problem called a “hashing puzzle” using his computation hardware. When the hash puzzle is solved, one block on the blockchain is created. Miners with higher hash rates, the speed at which the math problem is solved, are more likely to solve hashing puzzles successfully.

Mining is also how new Bitcoin gets into circulation. It is similar to someone minting a coin or printing a currency note. At some point, though, Bitcoin will no longer be mined. As of Autumn 2019, there were 18.5 million in circulation. The cap was set at around 21 million by the creator or creators of this cryptocurrency.

Everything Needed for Mining Bitcoin: Hardware, Time, Space, and Money

A lot of computing power is needed to verify all transactions involving Bitcoin, which causes a problem for miners who think they will get Bitcoin quickly and effortlessly. All of this computing power comes from thousands of miners working on verifying transactions. Since there are so many people working on building blocks on the blockchain, it is harder to mine Bitcoin. The competitive nature of Bitcoin mining means miners have to devote a lot of time and money to their efforts.

In the past, it was possible to mine Bitcoin using a personal computer. That is no longer the case now that people are using more powerful computing equipment to mine Bitcoin. Currently, miners use graphics processing units and application-specific integrated circuits. This hardware can cost hundreds or tens of thousands of dollars. Also, it could take a long time for someone with a small operation to mine one coin considering he will be competing against miners who own thousands of computing units stored in multiple warehouses. Operations large and small consume a vast amount of electricity, so it is vital to mine in an area with cheap electricity rates.

Plenty of space is needed to house all of the processing units. As is the case in the link mentioned above, the miner being interviewed required two warehouses to store all of his equipment. However, someone who wants to start a small operation for fun can dedicate a room for storing the equipment.

Start-up capital will be required to start a large and profitable operation. Few people have the money needed to start a business independently, so they need to attract investors. To do this, create a comprehensive and easy to understand business plan covering information about the operation’s location, potential costs, zoning ordinances, etc.

Is Bitcoin Mining Worth It?

For most people, Bitcoin mining is not worth the trouble. The start-up costs are enormous, and it may be challenging to find people willing to invest in such a scheme. Bitcoin has a negative stigma among many investors (Warren Buffet in particular) because they consider it highly speculative. Another problem miners will encounter is a collapse in the value of Bitcoin. It is not a stable currency, as reflected by the history of its value. Small miners who spend a lot of money on a dozen computing devices will find it difficult to break even if Bitcoin dips into the bear market territory. However, a huge mining operation will likely be able to weather the storm simply because of the sheer volume of coins it can mine.

But do not be discouraged. Someone who has the time, money, and expertise to do this should try it. Many people do it as a hobby, and they enjoy themselves doing it. However, anyone considering doing this for a living should perform a serious cost-benefit analysis before starting an operation.

So a month ago, who ever is following seen that i have made a research, to generate more Bitcoin in bull market. The idea basically was to spend 2btc on 10 altcoins, 0.2btc each altcoin. Usually in bull market altcoins are outperforming Bitcoin and this reaserch will prove if this is true. This is the post what top ten altcoins i have bought in 2020.

I could not make up mind for 1 year what would be the best time to buy ALTS. And man i have chosen some great time, i have gained +32% in BTC. So my total capital now after one month is 2.64BTC.

So far the Best performing Assets has been Ethereum, Cardano,Chainlink,Tezos. Where Tezos has been the best performing 100% gains in one month.

There has been only 2 coins worst performing then Bitcoin, Cosmos -1.94% and Synthetix 23.48%

Because of the Bitcoin was performing very well this month, if we look at the value of usd gain is nearly 70%. If i was using usd and purchased all these coin in one month from initial investment 16220$ my current holdings are 27440$ . This is 11220$ profit in 30 days. These numbers are crazy.

Lets see if this will last, im quite confident it will. Please guys think with your head don’t think with your emotions when trading. I know it is hard when you missed 20% upswing in one day. Rather stay out of the trade and wait for pullback. In 90% it will come down to retest this high spike, don’t chase shooting stars.

Round dutch cattle is living in the forest and eating wood. Only because there is a lot of healthy fiber.

Hunter like the rib roast dinner fresh.

We have made a challenge:

We have anonymous sponsor. Please watch the video there is 12 word seed phrase , from Ethereum wallet hidden witch holds 10 Ethereum. There is 6 words hidden in this youtube video(could be in description,title, or video itself) and 6 words in this Post. Don’t expect it to be easy, its a lot of money 10ETH currently = 2600usd.

This is the wallet address holds 10ETH – https://etherscan.io/address/0x9C2F44EFAd0c1E852a09dF9939e6DaF061140CaF

1. In the early days in Bitcoin mining you could make some profit with your laptop CPU or GPU. These days are long gone, every year new more efficient hardware is been developed. Which makes older hardware obsolete for mining. Meaning that bad timing investment could potentially make your investment worthless.
2. Hardware failure is very big thing to reduce mining risks. This hardware needs to be run 24/7 to gain the most optimal revenue from mining. Very often these devices/hardware do brake down, asic miners are the worse hardware comparing to GPU. Hashing board failure is common problem on them, which will need additional investment after 6 month from your purchase. If this would happen to your devices.
3. The one of the hardest parts is not enough profits. Crypto currencies are extremely volatile, one day you could mine in profit the next day you might be at loss. If you are using latest hardware, most important to stay in the game and mine with profit. Is to have cheapest electric rate between all the other miners on network. Electric is everyone biggest OPEX cost, dont even think to start mining as a business large scale if your power costs is above 6-7c a kw/h. It might be profitable to mine with 20c per kw/h today but it might not be anymore tomorrow. Which means you will need to shutdown your mining farm.
4. Legal risks . Crypto currency is still very new, and it has not been regulated very well. So you might face some kind of crypto currency ban in the country which might affect your mining operation.
5. Hacking – Use crypto currency safe as possible. You know the good old saying not your keys not your coins. Don’t keep your mined coins on exchange. And use only community trusted mining pools.
6. And the last of the top 6 is the environmental risk. Choose mining location wisely. Mining hardware most likely will use a lot of power, this is why they will produce a lot of heat. And heat will affect your mining operation. Something like mining container could be an option.

Recognize your risks before starting a mining operation.

Please comment down bellow with any more risks you might think it is worth to mention.

For the last 2 years there was not much to shill in mining mining was on the life support. And the profits constantly got decreasing. Start of 2020 Bitcoin and Altcoins are showing great performance in price action. This price action has also increased mining profits in some coins for more then 100% since december 2019. It might be to early to say that “we are back” , as crypto can be so unpredictable. But there is a lot of signs that we have now oversold a lot and value of crypto market is increasing steadily. We might see this pattern continue for good bit of times as BTC halving is coming up in 3 month. Let’s get in straight in. I will choose 3 hardware devices which in my opinion would be the best choice and we will see how profitable they are.

If you are new to mining and you want to know which devices to choose, choose from top market cap coins latest equipment. This will be your safest bet, as the mining profits are much more stable on bigger cap coins then on smaller cap coins. If you are small miner and don’t have large electric bills, you can choose smaller cap coins. They might go up in price lot faster then bigger cap coins in bull market, but be aware they they might dump lot faster. It is high risk high reward type of mining.

If you are really serious about mining, you need to look at cheapest power source possible which would be in 0.05c a kw/h range. It is not 2017 and mining from home wont be profitable at 0.30c a kw/h. Industrial power is possible to achieve 0.05 in many places in the world. If it is not possible in your country , look for the country where it is possible. So all profit calculations done for 0.05c a kw/h

Top mining profitability websites :

• https://www.asicminervalue.com/  It is great website to see newest ASIC miners and their profitability. Usually the new upcoming mining machines gets listed here. So come and checkout this page every few days/weeks this page if you are serious about mining.

• https://whattomine.com/ Is the best known for GPU/CPU mining profitability. You can choose what ever hardware to use and it will give you the best and most profitable coins to mine. It is very simple to use it. It does have Also asic miner profitability check, but for asics i do prefer asicminervalue,com

The top and 3 most profitable Crypto currencies to mine in February 2020 , for some people miner pick could be different. The prices changes if you are buying new/used , depending in which part of the world are you. This is my recommended , brand new purchase in Europe.

• Bitcoin – Most suitable Antminer S17+ . It is one of the efficient Bitcoin miner currently publicly available, alternatives would be M20s miner and Avalon miner 1166. Antminer S17 efficiency is 73TH/s @ 3000watts . Current profitability after you have paid your electric bill is 7.82 usd in 24hours , with ROI achievable in 6-7month. It does seems great, but crypto doesn’t stand still. And has plenty of risks.

• Ethereum – Best miner to use is RX5700 graphic cards mining rig. I know there is an ASIC miner available A10, but most of you who are in mining will agree with me, that it is complete junk. It is only slightly more efficient then RX5700 gpu rig in terms of price per hash and watt per hash . But it is 10x more riskier investment in mining rig then buying GPU mining rig. So the efficiency of 12xgpu RX5700 mining rig is 640 mh/s @ 1700watts. Current profitability after you have paid your electric bill is 7.62 usd in 24hours , with ROI achievable in about 20-22 month. Ethereum is one of the underdogs which could perform quite well in 2020 and might reduce your ROI much more faster.

• DASH – Lately has been released most efficient DASH miner STU-U6. Asic miners are very risky investment, but sometimes they might be very profitable. The beauty of this miner is that it is quite new model and it is mining profitably DASH , even that DASH is still over 90%down from its all time highs. This miner performance is 420GH/s @2100 watts. Current profitability after you have paid your electric bill is 8.11 usd in 24hours , with ROI achievable in about 5-6 month.

These would be my to pick miners for start of 2020. There is big risks in any on these miners as no high reward investment is guaranteed anywhere. I’ll have more detailed explanation of the risks of each of these miners in my next post.

Any miner suggestion, what would be your best choice and why?

Join Telegram channel for communication – https://t.me/mineshop_eu

video :

They have listed 3 miners on their website:

• ZigBit 2.0
• ZigBit 3.0
• ZigBit 5.0

Which of course doesn’t exist. They recommend that these miners will make some crazy gains, which of course will not happen. As these miners are fake. Seeing the specification makes me think these guys know very little about crypto currency mining. So for example the specification they are advertising on ZigBit 5.0 is :

• Bitcoin-2000 TH/s
• Litecoin-300 GH/s
• Ethereum-75 GH/s
• Dash-50 TH/s
• Power Consumption-2400W
• Power Socket 110V-240V

Now you understand what im talking about, seriously 2000 TH/s mining Bitcoin at 2400w (where the latest Antminer S17 is 72Th/s), or mining ETH and the profit is so big that it will cover the miner cost faster then month. And another thing, they using the same hardware to mine multiple currencies which every one of them needs different hardware. Worst thing is that people will loose money, and most likely some of them already did. People think they will get rich after buying this miner, which they will never receive. Their fake products look so bad, their cheapest version ZiBit 2.0 looks like an ATX power supply.

Few things to also note is :

• They have support chat on their website. I did send them a message and got response after about 20 minutes. So they told me that they only accept crypto currency, and the products are shipped from United Kingdom. My last line of the chat was “im coming for you you’ll be in jail soon “.
• When you google miner name, there is few websites coming up describing how great is their product. This most likely is owned websites for this scammer or this is purchased content posts.
• Last thing is that i tired to do checkout on one miner, there is btc address which has already received 7btc. Im not sure if this is some people got already scammed or this is fake volume, hope this is fake volume https://www.blockchain.com/btc/address/1C4RSshoK9veR4jCNStqF32QARS5oGnmzw . Hope none is scammed.

Sad to see that there is such kind of people who makes money on scamming others. Man karma is there , i believe it will come for you sooner or later.

So the plan is to spend 2 BTC and buy 10 alt-coins. 0.2 Bitcoin each alt-coin. I am using binance to purchase these coins and i will add them in my portfolio tracker https://www.cryptocompare.com/portfolio/ . This place is very nice where to track your crypto portfolio from desktop. I do believe 99% alt-coins are scam and will fail in future, but there also will be some who will survive. The reason i think im going to succeed is not only that these projects are useful. But i only need 1 alt-coin to do 10x in bull market against btc and the rest can fail to brake even.

My top 10 alt-coins purchased and the reasons behind it :

• Ethereum – By dapp platform stats Ethereum is winning every other gen2-gen3 blockchains which are Tron,Eos etc in every aspect. Built Dapps, new users,existing users,volume and so on. Users and developers are the main key for s block-chain project to succeed. Ethereum has issues yes, there is not much room to grow. But there is constant development going on to increase platforms usability. Another thing is DeFi (decentralized finance) which got very popular in 2019 . Which basically brings banking to block-chain. This new turn on Ethereum is gaining momentum and growing every day. This will be huge in my opinion in 2020.

• Chainlink – Chainlink is something unique. Currently Block-chains smart contracts cannot record data on them from outside world, they can do only on chain data. Which is timestamps,block numbers, transaction value. On their own they cannot listen to outside world which is called of chain data. But Chainlink fixes this issue, feeding this information trough decentralized oracles to smart contracts. It really made this utility token very popular in 2019, because of their massive partnership with google cloud. And on top of that they already have working product and it is been used by numerous crypto projects. It currently is looking the biggest contender to fix this issue what block chains has.

• Basic attention token ( BAT) – is solving Advertisers and Content creators as myself problem ,what we have currently. For example Google collects about 40-50% add revenue from YouTube adds. Basic attention token ( BAT) solves this issue with their Brave browser. Brave browser allows you to tip your favorite content creators and block companies which collects your privacy data. So how does it work , Advertiser purchases advertisement with BAT tokens which goes to users and content creators. You actually are getting paid to watch adds. So it disables the middle man like google in this case who is taking 50% cut. Technically if Brave browser platform grows, price should increase.
• Monero – Monero is a privacy coin. I do believe that privacy coins will be very demanded in future. As block-chains are getting bigger and bigger adoption, eventually governments will crack down on them. And will develop software which will allow them to trace and get user privacy data. This could happen already this year, as recent statements from EU leaders are they need more regulation on Crypto and block-chain. Monero is one of the oldest privacy coin out there. And these events around possibly could spike up Monero price. I don’t want to hype it to much, but privacy was one of the main feature why Bitcoin was invented.
• Neo – neo is 3rd generation blockchain similar as Ethereum. Neo comes out of China, which is one of the main reasons why im choosing this smart contract platform. Recent statement from Chinese president Xi Jinping that they have to adopt block-chain technology  in their country. This statement made me very bullish on NEO. 3rd generation block-chain platforms really will kick of in 2020, just because the possibilities can be developed on them. I don’t really think yet we have figured out what can be deployed on these platforms. We can see that as time goes by, new things are been figured out like DeFi, games, fundraising and many more. Also the price on NEO has drooped about 20x since all time high. And recent volume has been growing on NEO platform. So fingers cross, Neo going to bring us honey.
• Cosmos (ATOM)
• IOTA (MIOTA)
• Synthetix (SNX)
• Tezos (XTZ)
• Cardano (ADA)

I have gone trough these projects social media channels and looked how active is the community. GitHub, is there any active development on their platform. Also is there any fundamentals and working product behind it. These are the main reasons i have picked these coins for my challenge. This is not any financial advice, i’m just looking to do a challenge/research. Is this a way to increase bitcoin in bull market by buying alt-coins. I’m playing this safe and choosing the coins from top 50 in coin-market cup. Because i do believe if coin is valuable it should at-least have some value in bear market.

Another reason why network hashrate is increasing is because there in new more efficient hardware developed. Latest Bitcoin miners work on 7nm chips, which has been in production since start of 2019. And they are much more efficient then previous successors 10nm and 16nm miners. I would say in last few years , Bitcoin mining has got more decentralized, as there is more and more Asic miner manufacturers entering Asic miner market for bitcoin. Only few years ago there was one main dominate company Bitmain. But now there are few Cannon, STU technology, Microbit, Innosilicone and many more.

So this tutorial will be about latest Bitmain Antminer S17. If you do have a large mining farm, you want to control and monitor your mining rigs in very simple way. As many of you know i use 3rd party software to monitor gpu and asic miners. But issue with the latest Bitmain miners is that they are locking down SSH. That you are not possible to install any additional software or overclock the miner. But hiveOS team has developed firmware to upload to Antminers S17, which will allow to connect miners to the panel. So these are the steps you need to follow :

1.Download firmware for your Antminer S17

2.Install downloaded firmware

3.Use putty or similar ssh tool login into your miner trough ip address.  default user:root default password:admin

4.When logged in your Antminer S17 , type firstrun -f (this will allow you to connect miner to your hiveOS account)

5.Login into your hiveOS account if you dont have one create new account, then add asic miner and you will receive miner ID

6.Insert this id and password into your Antminer S17 after thge command firstrun -f

7.Your miner should show up in your hiveos account as booted in few seconds.

8.Create a flight sheet and you can control and monitor your mining from hiveos panel now.

Overclocking currently not available from here , but this post will be updated in future as soon as we have found any reliable OC for these miners. But take in mind that these miners has builtin psu , and overclocking will increase power usage for your asic miners. And Overclocking to much mingh burn your PSU.

But long story short this will be a true story why we need to fix this and everyone needs to start using it. So whoever is watching Mining Hardware channel videos knows that we are running and Online shop for mining hardware.

So this started to happened from about start of august 2018 , we had business as usual trough mineshop.eu website. Orders coming in and we shipping out the products, but after few days I noticed something strange most of the orders are under similar names going to one city in Sweden and ordering weird items like Antminer D3 which currently isn’t in big demand. Ok I thought maybe someone has some new x11 coin or has some kind of project , I didn’t pay a lot of attention on this. Until I received an email from PayPal which was used to pay for the goods about unauthorized transaction on product which was not shipped yet.

Ok so I called up paypal and asked what its all about , they said don’t worry if you have tracking number that you have shipped item , you are under seller protections. Ok I said that I haven’t shipped the item out yet, what should I do then. He said the easiest would be refund payment to him, which is what we did.

After this I decided to do some more research on these orders and I found similarity on orders , that all of them are ordered by same surname just different names. Ok I though it is very suspicious and went to check DHL Tracking numbers. And what I saw was that these mining rigs was all of them refused delivery and then picked up. So I got in contact with our account manager in DHL and he said that in Sweden they have these parcel motels, when currier can leave parcel and customer can come and pickup his parcel without needing him to show his id or anything.

As expected unauthorized transactions started to come in one by one. So of course I got on to paypal again , and this time their answer was you are not seller protected on these transactions. I said WTF , sorry for my language. Someone just ordered items worth 25 000 euro with stolen credit cards and you want to tell me its my fault . You are the safe payment gateway as you are advertising and you cannot catch people with stolen creditcard details (of course I know it is not possible if its been used first time for scam) . Anyway I still haven’t got any explanation why im not seller protected.

Hope to get this escalated this as soon as possible, as they say they will investigate this for another 80 days or so.

So this is the reason why im out there making this post, I want to reach out to you guys as many as possible, so you do not experience this if you are a seller of you using creditcards be careful don’t trust anyone.

And this is the one of the biggest issues we face in these days for digital payment methods , im not talking about cash which also has a lot of fraud and fake. #But today its about digital payments That using blockchain technology we can make them much more secure ( sellers and buyers ) can be protected more. There wont be such thing as stolen creditcard data , you would actually need wallet private keys to stole people money. Which I think its very hard to do, a lot harder then picture data written on people credit cards…ha

So please please share this guys with your friends, that there is such problems in current world. If everyone of us was was using blockchain transactions between each other the world would be much better place.

I know this is happening sooner or later, but I want you to be sooner. As there is also a lot of opportunities if you are sooner then later.

So please share this and we will get this to as many people possible.