These work really well as a nice, gentle, desktop heater - my wife loves hers, she feels the cold and her desk is near the back-door (and our dogs want to go in and out, even when it's -40 C). As long as the BTC price holds up it should pay for itself and turn a profit over time, providing the heating for free (and who knows what the eventual BTC price might be). We also have an S17 Pro that heats the basement / reduces our natural gas usage.
I use 2 of them in France and they consume more electricity than this one brings back in BTC. These mini nano is gadgets are not profitable. It's better to invest money in BTC and let it be stacked, that will pay better, more ratability.
thats the BEst way to Mine BTC solo For long term whit no COST and when industrial miners off the block will go to person who is still hashing even whit 100GH
thank you for your honesty. The last two channels I watched focusing on this product were not direct or informative regarding the relevant questions any shrewd consumer would want to know. So many of these crypto-themed channels are compromised of vapid nonsensical fluff and non-specific ambiguous yield which are supposedly possible w/ the latest Avalon Nano model.
I have a couple of those "My heaters" and am running on solar. 2400w, 800Ah. I also have 2 mini doge miners and a KDBox II, plus this pc for CPU\GPU Nicehash mining.. Bitcoin had drop 20% in the past month. I get unlimited power with my rent.. but I'm setting this trailer up for off grid. The power brick for my latop heats up like that when I use it for mining. It's close to 95 degrees here.. so trying to minimize the use of heaters right now.
You got the purpose of this device wrong, its just meant to be used as a Bitcoin solo miner, under the guise as a space heater. It would be foolish to pool mine with this thing. Think of it like a lottery ticket, that has a chance albit very small chance of hitting a BTC/BCH block. I've purchased multiple myself.
Thank you, sir. I ordered one prior to watching this video, but your insight, explanations and observations are invaluable. It "Realigns" my expectations with reality.
🧐🤔 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?
I ordered one even though i realized it likely won’t pay for itself (abt 12 years at current specs) but I am now researching more elaborate devices, so it was the gateway drug of mining. That’s it worth something. I haven’t actually received it as yet…but am interested in the subject now. Also, as a gift or for a teenager, the price to acquire is zero, and mom and pop can absorb the electric bill. lol. Btw; my electric is cheap, but in the time it would take to break even, i am certain the rates will rise.
The best use of these low TH devices are solo mining in hopes of hitting a block. They won’t ever be profitable pool mining, but the odds of hitting a block, as astronomical, as they are, are still better than playing the lottery.
I wonder how it compares to buying a used dual CPU rack server and mining earnhoney or whatever with it. That said, the most profitable mining I did was a cluster of 7 cheap smartphones and old tablets mining Rewardable, it would make $200/month back when the difficulty was low. (Worthless for heating, but on the flip side, its mere 15W or so power consumption can essentially be ignored for profit calculation.)
Bad outlook. I see it as Investing in a miner is a liability initially, but if it manages to cover its costs daily, it represents a one-time investment with the potential for future profit. In contrast, buying a house involves a decades of liability, mortgage, debt, with the bank retaining ownership until fully paid. While a house is traditionally viewed as a valuable asset due to its appreciating value over time, it also entails ongoing expenses. The miner has the potential to cost nothing and profit even if it's in 10 years time.
i have free electricity at home how much can i expect if i mine bitcoin with this? and does faster internet mean more coins? how fast internet is required/best for using this?
i connected to wifi and i see everything from my laptop but it has no internet, tested on multiple wifi... i dont know what to do, there is no firmware upgrade from what i can see.
new SPLASH for people this Device is ment for solo Desktop you jsut need good cable that can handel 240W and just plug it in you PC DP port and start the miner and you PC PSU can provide the power and issues gone PC PSU have Cooler
🧐🤔 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 what ive read about this is true its only 30 cents a day profit, thats trash, not even worth screwing around with, besides heating up your house has got to be horrible in summer. And then you got electric costs, i dont see any upside to this besides a lottery chance. Six month to withdrawl because a minimum to with draw lol. This is a toy i wont be buying
LOL 0.11 kwh price You can only do this in these secondary countries, like India, China, Pakistan, Ruzzia, USA and certain parts of Africa where the energy prices are low and the society has no problems in polluting left & right in the sad belief that richer old countries with high morals fx in Scandinavia will fix the worlds polluting problems. Here in the West, where a good part of the energy comes from sustainable energy with heavy taxes.. this wasting electricity/energy for coins (mining) simply ain't viable. Fx Denmark that year after year sets new world-record in "green" energy and like +50% of the consumption is wind and 80% of the capital.. the energy prices are extremely high. Average electricity prices in the US are 10 to 15 cents pr 1 kwh... Denmark 55 cent pr 1kwh 2024 and they are even making their own energy, and don't import it from horror regimes., but when the electricity pr kwh is many many times more expensive, than fx USA and other mining competitors it changes the margins quite a bit, to the point that it doesn't make sense to burn electricity for coins and that's a shame as if any energy could be burn for coins, it should be the sustainable green-kind that doesn't have such a heavy polluting footprint.
The cost of your electricity definitely matters when doing the math on things like this. We're quite fortunate - we pay $0.063 CAD per kwh, about $0.045 USD.
@@MyLibertyTV Their are huge mining farms in China where the electricity is free they are doing the mining. The single little mining rig you buy won't do anything in comparison. You spend more on energy than you will ever make. I know from experience. If your power is free it will still take maybe years to pay off the mining rig. The little ones don't do much at all.
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These work really well as a nice, gentle, desktop heater - my wife loves hers, she feels the cold and her desk is near the back-door (and our dogs want to go in and out, even when it's -40 C). As long as the BTC price holds up it should pay for itself and turn a profit over time, providing the heating for free (and who knows what the eventual BTC price might be). We also have an S17 Pro that heats the basement / reduces our natural gas usage.
I use 2 of them in France and they consume more electricity than this one brings back in BTC. These mini nano is gadgets are not profitable. It's better to invest money in BTC and let it be stacked, that will pay better, more ratability.
Less than two minutes into the video and love it, Thank you for your accuracy and willingness to tell it like it is!
Can’t wait for the next episode of “Gimmick, Gadget or Appliance”😎
Thanks for your honest review. I think its a good way to learn how mining works before diving deep into buying really expensive equipment
I ordered one a few weeks ago going run it on my solar mining rig !!
thats the BEst way to Mine BTC solo For long term whit no COST and when industrial miners off the block will go to person who is still hashing even whit 100GH
The main man is back 😊
thank you for your honesty. The last two channels I watched focusing on this product were not direct or informative regarding the relevant questions any shrewd consumer would want to know. So many of these crypto-themed channels are compromised of vapid nonsensical fluff and non-specific ambiguous yield which are supposedly possible w/ the latest Avalon Nano model.
Nice video. I ordered it and I do so bc I actually want to learn more about bitcoin mining.
For those that dont know you can mine any sha256 coin bitcoin is just the by far biggest and most popular coin so thats where the market goes
I have a couple of those "My heaters" and am running on solar. 2400w, 800Ah. I also have 2 mini doge miners and a KDBox II, plus this pc for CPU\GPU Nicehash mining.. Bitcoin had drop 20% in the past month. I get unlimited power with my rent.. but I'm setting this trailer up for off grid. The power brick for my latop heats up like that when I use it for mining. It's close to 95 degrees here.. so trying to minimize the use of heaters right now.
You got the purpose of this device wrong, its just meant to be used as a Bitcoin solo miner, under the guise as a space heater. It would be foolish to pool mine with this thing. Think of it like a lottery ticket, that has a chance albit very small chance of hitting a BTC/BCH block. I've purchased multiple myself.
Am thinking of buying a couple myself, Did you manage to hit BCH block?
@@maker-nz8sm I'm not mining BCH, BTC only. And no I haven't hit a block yet🤣
Thank you, sir. I ordered one prior to watching this video, but your insight, explanations and observations are invaluable. It "Realigns" my expectations with reality.
Or in my case, my 2 servers that serve backup file system. As a nose, they provide a fair amount of heat. And they don't really chew too much power
🧐🤔 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?
I calculated if you use this in solomining mode on bitcoin cash you have about 1 in 1000 chance each day to hit a block and that's 1500$ or so
I ordered one even though i realized it likely won’t pay for itself (abt 12 years at current specs) but I am now researching more elaborate devices, so it was the gateway drug of mining. That’s it worth something. I haven’t actually received it as yet…but am interested in the subject now. Also, as a gift or for a teenager, the price to acquire is zero, and mom and pop can absorb the electric bill. lol. Btw; my electric is cheap, but in the time it would take to break even, i am certain the rates will rise.
The best use of these low TH devices are solo mining in hopes of hitting a block. They won’t ever be profitable pool mining, but the odds of hitting a block, as astronomical, as they are, are still better than playing the lottery.
I wonder how it compares to buying a used dual CPU rack server and mining earnhoney or whatever with it. That said, the most profitable mining I did was a cluster of 7 cheap smartphones and old tablets mining Rewardable, it would make $200/month back when the difficulty was low. (Worthless for heating, but on the flip side, its mere 15W or so power consumption can essentially be ignored for profit calculation.)
Bad outlook. I see it as Investing in a miner is a liability initially, but if it manages to cover its costs daily, it represents a one-time investment with the potential for future profit. In contrast, buying a house involves a decades of liability, mortgage, debt, with the bank retaining ownership until fully paid. While a house is traditionally viewed as a valuable asset due to its appreciating value over time, it also entails ongoing expenses. The miner has the potential to cost nothing and profit even if it's in 10 years time.
Can it run a solo mining? or pool mining only?
which provides more heating? nano 3 or river s0 pro? can you use this as heating for your house, like 10 in 1 room?
What does it mine? Bitcoin directly or something else.
Thank you for this video!!!
i have free electricity at home how much can i expect if i mine bitcoin with this? and does faster internet mean more coins? how fast internet is required/best for using this?
Braiins offers lightning now.
Please do a video on the BitChimney Space Heater thanks
i connected to wifi and i see everything from my laptop but it has no internet, tested on multiple wifi... i dont know what to do, there is no firmware upgrade from what i can see.
So you dont need a computer to be connected, just need a smartphone, right?
Seems like that power supply needs a fan itself to exhaust the heat 👍
new SPLASH for people this Device is ment for solo Desktop you jsut need good cable that can handel 240W and just plug it in you PC DP port and start the miner and you PC PSU can provide the power and issues gone PC PSU have Cooler
I just want someone to clear my doubt that the bitcoin miner is working it's really good
Can u change the settings and mine in Unmineable?
You’re literally using your Bitaxe wrong. You should be lottery mining for a solo block instead of trickling out pennies.
🧐🤔 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?
The fans bearings sounds busted on the high settings
How do I setup configuration for lottery mining ?
how do you withdrawal bitcoin after get 0.07 btc on it
Want a more efficient heater use a heat pump......
$81 extra to ship, keep it.
nice video thank you
I love it)❤
niiiice
Hello from France,
I just saw a video (great) which cryptos we can mine with apart from bitcoin. Is there a website that explains it? Thank's
Any SHA256 coins
If what ive read about this is true its only 30 cents a day profit, thats trash, not even worth screwing around with, besides heating up your house has got to be horrible in summer. And then you got electric costs, i dont see any upside to this besides a lottery chance. Six month to withdrawl because a minimum to with draw lol. This is a toy i wont be buying
To bad you can’t actually get one right now
Don't waste your money people.
Heatbit the worst purchase ever.
: )
It seems like it is $99 for a device that isn't going to make any money back.
LOL 0.11 kwh price
You can only do this in these secondary countries, like India, China, Pakistan, Ruzzia, USA and certain parts of Africa where the energy prices are low and the society has no problems in polluting left & right in the sad belief that richer old countries with high morals fx in Scandinavia will fix the worlds polluting problems.
Here in the West, where a good part of the energy comes from sustainable energy with heavy taxes.. this wasting electricity/energy for coins (mining) simply ain't viable.
Fx Denmark that year after year sets new world-record in "green" energy and like +50% of the consumption is wind and 80% of the capital.. the energy prices are extremely high.
Average electricity prices in the US are 10 to 15 cents pr 1 kwh...
Denmark 55 cent pr 1kwh 2024 and they are even making their own energy, and don't import it from horror regimes., but when the electricity pr kwh is many many times more expensive, than fx USA and other mining competitors it changes the margins quite a bit, to the point that it doesn't make sense to burn electricity for coins and that's a shame as if any energy could be burn for coins, it should be the sustainable green-kind that doesn't have such a heavy polluting footprint.
The cost of your electricity definitely matters when doing the math on things like this. We're quite fortunate - we pay $0.063 CAD per kwh, about $0.045 USD.
Mining bitcoin has not been profitable for nearly a decade.
If it wasn’t profitable the entire chain would stop. 😂
@@MyLibertyTV Their are huge mining farms in China where the electricity is free they are doing the mining.
The single little mining rig you buy won't do anything in comparison. You spend more on energy than you will ever make.
I know from experience.
If your power is free it will still take maybe years to pay off the mining rig. The little ones don't do much at all.
Can it run a solo mining? or pool mining only?
Both
Both