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Showing 20 of 191 results by _oh_no_stop_this_
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Re: Discovering Kyrgyzstan
by
_oh_no_stop_this_
on 15/10/2024, 13:24:14 UTC
I love KGZ! However, from my trips and business there, I’ve learned that the electricity supply is unstable. The entire system, dating back to Soviet times, needs an upgrade. Maybe your location is different. I really hope things go well with your mining! thanks for posting here!

Yeah, it is really unstable, the farm has been off for a week now, something on the main hydro plant could not withstand the load, so no mining, hehe

ah i see, sad... this energy situation is a drag for the whole economy. the least funny part about mining there is voltage spikes in the system that requires expensive SPDs or accepting miners high failure rate Undecided

Yes, the voltage level is unstable, I noticed that. We were able to put protection for the network equipment, but not for miners.
I also discovered that there's not many companies that offer miner repair, maybe 1 or 2 acceptable places in Bishkek. Even though there's an active warranty for those miners, sending them back to China for repair is a whole new level of bureaucracy that's better to avoid.
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Re: Discovering Kyrgyzstan
by
_oh_no_stop_this_
on 15/10/2024, 00:53:10 UTC
That's a nice read, fascinating.

So, what is the average power rate for mining in Kyrgyzstan? I know it surely depends on what size we're talking about, but just your average 1MW farm—is it below 5 cents/kWh? Also, what about security? I don't know about Kyrgyzstan, but in some other places, I know you have to bribe the police or pay someone to protect your farm. Do things work like that in Kyrgyzstan, or is it "really" a safe place for foreign miners?

Anyway, it's good to see mining expanding more and more in that region. I hope to see it expand more in Asia, Africa, and other places where mining isn't all that popular. This adds a lot to mining decentralization, which is good for everything Bitcoin.

Thank you!
About the average rate... the prices are really negotiable and depend on one's connections within the local establishment, so to speak. Same applies to police protection. I am sure foreigners may experience different things, including extortion, but this project included well connected parties, so we haven't faced any of that.
Since the government wants to buy all hydro power available for about 4-5 cents per kWh (I don't remember exactly), I would assume it makes the average price for miners 6 cents per kWh with maintenance.
Security is another "must have" expense, that place has armed guards and walls around it with barbed wire on top.

In regards to Africa, mining became extremely popular in Ethiopia. They got hydropower and tons of investments from leading manufacturers, including Bitmain. But things have been happening there for several years already, so not sure if there's much more power available.
According to Google, Democratic Republic of the Congo has huge potential in hydropower development, but not many investors have the balls of steel to go there.
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Re: Discovering Kyrgyzstan
by
_oh_no_stop_this_
on 15/10/2024, 00:28:10 UTC
It must be nice to be doing that type of build.

good fortune to you.

Thank you! Yes, it is very interesting to do projects like this, especially because of the unique experience you get from different places..
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Re: Discovering Kyrgyzstan
by
_oh_no_stop_this_
on 15/10/2024, 00:26:57 UTC
I love KGZ! However, from my trips and business there, I’ve learned that the electricity supply is unstable. The entire system, dating back to Soviet times, needs an upgrade. Maybe your location is different. I really hope things go well with your mining! thanks for posting here!

Yeah, it is really unstable, the farm has been off for a week now, something on the main hydro plant could not withstand the load, so no mining, hehe
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Merits 51 from 6 users
Topic OP
Discovering Kyrgyzstan
by
_oh_no_stop_this_
on 13/10/2024, 04:51:37 UTC
⭐ Merited by EFS (32) ,mikeywith (8) ,ABCbits (5) ,philipma1957 (3) ,logfiles (2) ,DdmrDdmr (1)
Hello fellow miners Grin ,

Here is a story I would like to share about the mining adventures I experienced in Kyrgyztan a couple of months ago.

Quick summary:
Crypto, mining, all that is legal and welcomed.
Relatively cheap hydro power plants can be built, the government supports these initiatives and buys power from such plants, but some people opt into mining.
If you have capital, consider this location.


I arrived at the airport in Bishkek, Kyrgyzstan some time in August. The weather was hot and the taxi drivers were trying to charge a fortune, but luckily someone was meeting me there.


Later this day I walked through a city for a bit.



In the evening we went to a restaurant for a light dinner.



I couldn't wait to start working but my local partners assured me that this is the work. Having food with each other is no less important than sitting behind the computer.
That sounded reassuring, so we continued with heavy drinking at the karaoke bar.

In the morning I found myself in a car on a way to the mining farm that is located in the west of the country.
The landscape was fantastic.



Horses:
https://youtube.com/shorts/wMgZWikwi5M

Mountains:
https://youtube.com/shorts/o51Ujckm2O4

Then we stopped at the hotel.


I took few more videos in the morning to show how the beauty of the place.

More mountains:
https://youtube.com/shorts/Y42Tr39irH4

River:
https://youtube.com/shorts/XV-XGZBM3os

Breakfast:
https://youtube.com/shorts/hBMpeMzZk-U

Then we continued our trip and finally arrived at the mining location.

https://youtube.com/shorts/LYFWIROoVa4

We spent a few days there to set everything that's needed to begin mining.





Although the weather gets pretty hot, other socioeconomic factors make this place very appealing.
Total hashpower is over 450 Petahash  Cool.

We launched it all pretty fast using our own software, which also monitors the machines. Hopefully we will have the time to release it in form of a web platform for public use in 2025...

Later we left the place and headed to check someone else who bought some land and building their own mini hydro station.

This river is expected to generate up to 18 MWh:
https://youtube.com/shorts/in82kqyS1rA

The cost to build such thing is about $1M/Megawatt using proper techniques, material, and equipment.


Checking the dam:
https://youtube.com/shorts/Wj71RYeQp2E



The guy even rolls his own pipes to save on transportation costs! Amazing.




Conclusion:

Industrial miners as large as Bitmain do not like to consider locations with less than 30MW. But for us, not yet spoiled by the big money (unfortunately), such places as this offer an opportunity.
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Re: Biden proposed 30% mining tax. what would impact on Bitcoin mining?
by
_oh_no_stop_this_
on 11/03/2023, 01:01:34 UTC
In my humble opinion, this will lead to the concentration of miners in the large entities (eventually exposed to the government) that can afford having their own power plants (talking about the U.S. of course).
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Re: Is it wrong to try your luck with Solo
by
_oh_no_stop_this_
on 20/02/2023, 16:04:03 UTC
Is 110TH enough to gamble with Bitcoin solo mining? If you can solve a Bitcoin block in 4-7 years do you think it's worth the hassle? What can 110TB do to make this possible? I have free electricity I just want to embark on this try-your-luck journey, do you think it's worth it? I am not in haste and I am ready to just plug the ASIC miner and move on, I have other business that fetches me good money so..

IMHO, solo mining is absolutely worth it. You will learn so much about the mining software, hardware and become a better bitcoiner for it. It’s exciting to watch your best share over time and see how close you are to hitting the target difficulty. And if you are into stats, your chance of winning a block reward solo mining is infinitely higher than with a pool  Smiley

Please elaborate what stats are you talking about? I am intrigued, I have been thinking about solo for a long time, would love to learn more about this topic.
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Re: Mining Facility container or hangar / Staff / Monitoring questions
by
_oh_no_stop_this_
on 17/02/2023, 01:47:03 UTC
I was not referring to referrals.
ViaBTC was giving (illegal) kickbacks.

Not sure about legality, but when you bring clients to them you can get some % off the clients' hashrate, they will just charge higher fees to the ones you bring. Still happening.

They don't charge higher fees if you refer someone. What are you talking about??? I have referred people to viabtc and let them talk to account reps who get them lower fees. Talking sub 1% fees...

It is all individual. You can get a deal if you want to.
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Re: Mining Facility container or hangar / Staff / Monitoring questions
by
_oh_no_stop_this_
on 17/02/2023, 01:41:51 UTC
I was not referring to referrals.
ViaBTC was giving (illegal) kickbacks.

Not sure about legality, but when you bring clients to them you can get some % off the clients' hashrate, they will just charge higher fees to the ones you bring. Still happening.

They don't charge higher fees if you refer someone. What are you talking about??? I have referred people to viabtc and let them talk to account reps who get them lower fees. Talking sub 1% fees...

It is all individual. Talking from my own experience. You can get a deal if you want to.
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Re: Mining Facility container or hangar / Staff / Monitoring questions
by
_oh_no_stop_this_
on 15/02/2023, 03:01:42 UTC
I was not referring to referrals.
ViaBTC was giving (illegal) kickbacks.

Not sure about legality, but when you bring clients to them you can get some % off the clients' hashrate, they will just charge higher fees to the ones you bring. Still happening.
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Board Mining
Re: Investing in mining during a bear market
by
_oh_no_stop_this_
on 20/10/2022, 13:48:52 UTC
Yes, it's very safe.
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Re: Stratum v2: After 10 Years, The Most Used Bitcoin Mining Software Gets Facelift
by
_oh_no_stop_this_
on 13/10/2022, 15:43:37 UTC
the more features you add to something the more issues you will probably wind up with.

That is so true

Features of V2 seem to be cool, but there are so many things... is it all expected to be configurable from within each individual miner? Or is it expected that we'll have a LAN device that aggregates traffic and provides configuration interface?
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Re: Farm on fire 2.0
by
_oh_no_stop_this_
on 19/09/2022, 02:29:59 UTC
Also smart PDUs usually cost a lot, it is cheaper to just install some contactors and control them with smart wifi devices like Sonoff, that will also allow you to install voltage protection, phase sequence and other types of controls.

That's quite smart. I just checked Sonoff website, it seems like they have a pretty cheap 16 amps "Smart Switch" https://sonoff.tech/product/diy-smart-switch/minir3/ , which should be fine with Antminer S19 85TH (consuming only 3 kWh)? It will be loaded at ~86% though...
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Re: Farm on fire 2.0
by
_oh_no_stop_this_
on 18/09/2022, 04:54:49 UTC
That's nice, especially if they are remotely controlled.

Anyway, I found a great source of PDUs in China, the manufacture for some US vendors under a different brand, I ordered a 3P 160A PDU from them which should be here soon, it has 24 ports, and each port should easily handle 4.4KW at 220v, that means it can easily handle 24 of most miners out there, I will be posting pictures and stuff when we set it up.
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Re: MINING BTC VERSUS DOLLAR COST AVERAGING
by
_oh_no_stop_this_
on 17/09/2022, 09:08:49 UTC
In my humble opinion mining protects you (mentally Grin) from the BTC/USD price drops, as long as you have very cheap electricity.
You get returns during the bear market, even though they're small, but they are constant, although declining over time.
Generally, not too many miners join during the bear market, so you can collect substantial bag of BTC over time.
Later, when the price is high, you have the coins and the gear, which you can sell for double the price it cost you to buy.
As others mentioned - taking good care of the gear is the key, as it can suddenly break. But it is also usually not very expensive to repair in a bear market.
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Merits 1 from 1 user
Re: Energy storage solutions?
by
_oh_no_stop_this_
on 13/09/2022, 11:24:13 UTC
⭐ Merited by philipma1957 (1)
It's a good topic, actually the best solution I've seen is this:
https://news.cgtn.com/news/2021-10-22/China-s-first-compressed-air-energy-storage-system-connected-to-grid--14zydqC3KRG/index.html
Not sure if anything is available on the consumer market, but it's something worth making yourself, maybe.
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Re: Farm on fire 2.0
by
_oh_no_stop_this_
on 12/09/2022, 18:30:03 UTC
The stuff that was used here was mostly consumer grade, electricians waned about the outlets not capable to withstand high loads, but somehow their warnings were ignored  Huh . Same applies to the power wires, they get heated a lot, but it's expensive to have thicker ones. Anyways, it's all part of the history now, lessons learned  Grin
Best advise to anyone mining is to keep fire extinguisher nearby. The one that was used during this accident is dry powder based, it works just fine, no need for the expensive stuff. After a cleanup with isopropyl alcohol miners are in the working condition again.
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Merits 38 from 10 users
Topic OP
Farm on fire 2.0
by
_oh_no_stop_this_
on 11/09/2022, 14:26:50 UTC
⭐ Merited by LoyceV (12) ,Ratimov (11) ,NotATether (3) ,vapourminer (3) ,DaveF (2) ,Heisenberg_Hunter (2) ,Halab (2) ,philipma1957 (1) ,NotFuzzyWarm (1) ,DdmrDdmr (1)
Cheap power outlets are causing problems. Confirmed this summer  Grin




High loads combined with the high temperatures caused some irreversible damages.



The fire spread from the board where the outlets were assembled.



Some machines burned.





And some power wires as well.





Here is a short video overview: https://imgur.com/Kte0KG2

The good thing is - those were the old S9 models.
Lesson learned - no more outlets.
The new setup with S19 machines looks much better without them.



When this farm was established, we marked BTC price on the newly laid concrete floor - it was around $8.6k, which is a reminder that there is always light at the end of the tunnel and we shall make it through the hard times again.
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Re: Can I safely run my S17+ hashboard with 2 missing heatsinks - long term
by
_oh_no_stop_this_
on 31/03/2022, 15:21:18 UTC
I wouldn't suggest, but you could just solder them back yourself, it is easy, 5 mins job.
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Re: Seeking advice on a new mining site
by
_oh_no_stop_this_
on 14/03/2022, 16:42:03 UTC
If Russia decides to cut the net off will its miners be cut off?
Will China 🇨🇳 help the miners in Russia out?
This war may finally be a real test for BTC.
Will Btc become a free world coin ?

Thank you for the questions!

1. If Russia decides to cut the net off will its miners be cut off?
- Some will be cut off, but then satellite internet will do the thing; however, due to the high cost and latency, I believe: (a) not all miners will be able to afford it (b) their luck will be lower, so miners in other countries will have a better probability of earning more.

2. Will China 🇨🇳 help the miners in Russia out?
- Very unlikely. From what I see China is really strict on mining. And Kazakhstan will not help either, they are having issues right now, so their miners are partially relocating to Russia even in these uncertain times.

3. This war may finally be a real test for BTC.
- Seems so. As long as we all have internet communication....

4. Will Btc become a free world coin ?
- Hope so.

Just amazing seeing these images, Wishing you guys the best of luck.

Thank you  Cheesy

Some good questions and points here...
if Russia shuts net down how this would affect global mining picture I wonder??

 with most governments trying to implement CBDCs and more and more countries recognising BTC as legal tender
bitcoin sooner than soon is to become the new world currency

1. if Russia shuts net down how this would affect global mining picture I wonder??
- That would make miners in other countries richer, but it is still not very likely to happen at this point. I can imagine Chinese version of firewall in place, which can be circumvented with VPN traffic or satellite internet.

2. with most governments trying to implement CBDCs and more and more countries recognising BTC as legal tender bitcoin sooner than soon is to become the new world currency
- We will know it is happening once oil and other important commodities will start trading for BTC.