Common fallacy of mining is that they figure electricity is free. Going off the average price of electricity in the US, you'd be over $2600 in the hole when calculating electricity costs for a full year of mining along with the cost of the hardware. Even with 8 miners, that's no guarantee of hitting a block within a year, it's a 1 in 23 chance, the other 22 times you get nothing at all. Even pool mining, you will be forever unprofitable if factoring in electricity costs. The real money in any gold rush isn't digging for gold, it's selling shovels to the miners, and cryptocurrency mining is no different. The only people making steady money are the ones selling the hardware.
@nomadshibaАй бұрын
this a solo mining video. its lottery. you can make steady income with asic pool mining.
@orangejucheАй бұрын
@nomadshiba Is it profit though, that's the question. There's a difference in income and profit, and when you get into the deep end of electricity costs and supporting infrastructure, the margins get razor thin.
@michael_linden29 күн бұрын
perhaps for red panda, it's a fun hobby. most hobbies don't come with a profit. i'm sure you do something that is a waste of money.
@grayrabbit74563 ай бұрын
So.... Its been month since this video came out and I bought 1 Avalon Nano 3 my self too, so I'd like to ask.... Within a month, how much block did you hit with all those Nano's? Did you make any profit? Kinda liked to know as reference before I get my self in to this solo mining rabbit hole.
@AFTone144Ай бұрын
This is great as a Bitcoin or Bitcoin Cash solo lottery miner. There are 144 blocks a day, every 10 minutes. 52,560 blocks a year. Thats alot of opportunity to get lucky and hit a block. Well worth the price to just set it and forget it as it could be life changing for some people if you hit a BTC block, 3.12 BTC. If you beleive in Bitcoin, you are also doing your part by contributing to the security and growth of the Network.
@shawnsanders1282Ай бұрын
How do you switch the miner from BTC to mining a different token?
@Studio-tj6bm5 ай бұрын
I have 10 , $40 Nerd Miners at 72 kilo hash (720 KH/s total) Solo mining so that is $400, before the Nano miners came out, and I bought one of these Nano Miners for about $180, FedEx shipping is $79 but still the price compared to the hasharate of the Nerd Miners is Great!
@traviskelly70822 ай бұрын
have you ever hit a block yet
@traviskelly70825 ай бұрын
how many of theses do i need to amount to anything????
@dennyb97175 ай бұрын
My Nano 3 OEM PSU gets quite hot too, I put a 100mm x 70mm x 35mm Alu heatsink and a fan on it. Currently I'm just running medium in the Summer.
@spottyco.65805 ай бұрын
Mine is running 145F
@TheTerryStop22 ай бұрын
Doesn't solo mining help secure the network?
@VamosViverFora2 ай бұрын
Yep. And the mining industry collapses by confiscation or something like that, your chances are way higher. However if mining bitcoin becomes against the law, it’s not a good world, imho.
@lewiselliott62742 ай бұрын
What’s the heat gun you use? Looks pretty cool.
@btc_rat5 ай бұрын
How much would this setup make on BCH mining with a pool?
@cregtoshi5 ай бұрын
Approx 0.00045 BCH per unit/daily pool mining at current difficultly = around 0.20c today
@AlteredComponent5 ай бұрын
LOOKS AMAZING! I only have one arrived so far, 4 more inbound...and I ordered all with the psu.
@CaseRocker5 ай бұрын
I have the white one and a blue one. The Blue is my favorite so far.
@N1NJAKIDD4 ай бұрын
I have the blue as well, I think it looks best, followed by yellow
@Louie92801Ай бұрын
So if you don't solve the block then you don't get anything i'm assuming
@astronkey4 ай бұрын
nice setup, I have one of those but live in Vegas, so it's bad idea for me to run it during summer time. Im jealous lol it's been 3 weeks, any updates? did you get any hits on BCH block/s ?
@traviskelly70822 ай бұрын
@RedPandaMining is it possible to mine from the same pool with these?> to the same wallet?? stack the hash rate?
@RedPandaMining2 ай бұрын
Yep!
@Cryptobadel5 ай бұрын
which bch address did you use? the standard or legacy
@Philipma-hh5ul5 ай бұрын
my two work great at middle speed. I pulled the grills which did drop the temps
@MrVerdes223 ай бұрын
These don't truly solo mine, they just mine in a pool which can point to a solo mining pool. No node, not running your own pool submitting your own block headers is not truly solo mining. Need an apollo II full node miner to do that or deep tech skills.
@RedPandaMining3 ай бұрын
I just got a Apollo 2 full node in! Gonna be solo mining to it
@marknelson89495 ай бұрын
Something to mention, Canaan adds almost a 30% surcharge on anything into the U.S.
@btc_rat5 ай бұрын
10:00 Pink is my facorite too, by far!
@GonzoMiner5 ай бұрын
I need to buy 1 of the following BTC miners, Great video RPM!
@PedroFerreira-mf6pn27 күн бұрын
Any block by now?
@AlteredComponent5 ай бұрын
Make sure you announce that livestream for the mosfet heatsink...i want to see that
@KristineSquires15 күн бұрын
I admire Web3 Infinity's team's openness. It's a project with moral spirit.
@BlueBearCrypto5 ай бұрын
RPM turn them off please! You're killing all of our already incredibly low chances! 😂
@jiggajhood5 ай бұрын
It's not the nano RPM, it's them S19 and 21 killing everyone chances
@napierpaxman5 ай бұрын
LOL :D
@lesclair4 ай бұрын
hello from france, Can you make a video for setting up a solo pool on the avalon nano 3 ? I've just bought one and don't know how. Please, thank you.
@VamosViverFora2 ай бұрын
You need to use umbrel public pool. A guy made a video doing that with BitAxe. Search for “BitAxe Public Pool Braiins”. There’s an excellent video.
@ronwatkins57755 ай бұрын
Ill take the black one if you don't like it 😁Give it some love...
@StephanFalk-l8m4 ай бұрын
how long did shipping take? I've been waiting for my 20 pieces since April :(
@AlteredComponent5 ай бұрын
stop calling it pink...it is officially "Peach Fuzz" lol
@RedPandaMining5 ай бұрын
@Altered Component but I like pink… 😏
@ricardoteixeira6385 ай бұрын
@@RedPandaMining I have one lucky miner lv06. Its possible to mine BCH SOLO in 2miners pool? Can someone help me throught? I follow the tutorial exactly as it was on the webpage and i have no results... THKS
@traviskelly70825 ай бұрын
how hot does the factory power supply get????
@spottyco.65805 ай бұрын
Ive got 2 - one on stock PSU another on the aftermarket. Both get HOT. Stock 145F and aftermarket 127F. Longterm I agree with @redpanda Stock PSU looks like it will last long term.
@emancomputers10315 ай бұрын
When mining for a block, is it better to have more miners or one miner with high hashrate?
@Philipma-hh5ul5 ай бұрын
10 at 4 th is the exact same as 1 at 40th.
@HristoChakarov-g6i5 ай бұрын
@@Philipma-hh5ul it is not
@Philipma-hh5ul5 ай бұрын
@@HristoChakarov-g6i the math says 10x4=40th and 1x40th= 40th so it is equally hard to hit the block. this assumes all gear works properly. one can argue 10 small units are less likely to all shut off. but my assumptions are based on the gear running.
@HashGuard-x1f11 күн бұрын
El Salvador was the first to accept Bitcoin as legal currency.
@JBINZALA4 ай бұрын
Love your content!! Question; doesn’t this cost like £370 per unit per year in electricity? That’s how much one would cost to just run in the UK :s on 140w
@maokux7 күн бұрын
This is the era of Flash USDT software innovation!
@BitGen-v4v13 күн бұрын
With so much interest in crypto, I wouldn’t be surprised if Bitcoin mining software becomes the new norm!
@hawkeyegaming47944 ай бұрын
Any updates on that?? Did u hot a block?
@WoofWatch2121Ай бұрын
Im curious why all your codes doesn’t work
@thefreedomsoul15 ай бұрын
Are they coming back in stock to buy direct? How can I get one to try it out? Any link to a place that is selling it and ridiculously gouging? I am seeing some sell for 400, I am interested at 150-200
@RainBitcoins5 ай бұрын
Buy direct from canaan's website for 99 bucks
@SafeHaven-k4bКүн бұрын
This kind of content is rare to find. Just started making my own videos and would love any tips you could share.
@fernie91235 күн бұрын
I got 1 I’m going to do the btc solo chances are like playing the mega millions every 10mins I know I may never win but I feel lucky and love BTC
@deejaymarcus4 ай бұрын
Hello, where did you buy this 28V 5A 140watts PD power supply, unfortunately I live in Poland, I bought a Besues 140W Gen5 power supply but it drops to L from time to time and it is also very hot, I ordered a 160W for a test but I would like to buy one like you, but unfortunately I can't find it anywhere , is it possible for you to send me a link or can we contact you somehow?
@rz63543 ай бұрын
i used NTB PSU - Lenovo Legion Slim 140W AC Adapter (USB-C) and on high mine 4.33TH but i add secondary external cooling and remove side grills (the miner needs to be disassembled - loss of warranty)
@ErichWidemark5 ай бұрын
Love these, can’t. Wait for mine!
@OmerMehmet-o6z15 күн бұрын
Web3 Infinity, the first token that is controlled by itself instead of owners or anybody else, is the smartest token in the universe.
@Gumpyoldnewbieminer5 ай бұрын
You got the best power strip. I bought one cuz I was noticing static. And it grounds like a champ
@justmejustmee38995 ай бұрын
which ap do u connect and which wallets u are using i dont understand i am new
@stephenhawking29815 ай бұрын
Their app
@mave4456Ай бұрын
Just grabbed one payed the little extra now days but hoping for a lotto hit.
@sureshchouhan35935 ай бұрын
Cyberopolis's responsiveness to community feedback is impressive.
@MadSilence4 ай бұрын
Any BCH blocks yet?=)
@daveyio875 ай бұрын
I can't wait to get mine. They should be shipping soon!
@wolverine1981pl4 ай бұрын
My on high only doing 3.74th. Any clue why
@rz63543 ай бұрын
insufficient power and or high temperature. My on hight is 4.33TH but i removed the side grills (the miner needs to be disassembled - loss of warranty) and blew inside with a large fan
@amdhehe5 ай бұрын
The white one looks great new, but i think the plastic will start yellowing from the amount of heat it produces.
@VamosViverFora2 ай бұрын
Like SNES. 😂
@alltrac895 ай бұрын
60FPS PandaVoice FTW Thanks for sharing RPM! Keep smiling 😃
@RedPandaMining5 ай бұрын
Haha 60fps goodness!!
@CryptoHive-s4c11 күн бұрын
Smart contracts execute automatically on the blockchain.
@VaultGuard-w7u13 күн бұрын
Bitcoin and politics are intertwined, as always, bringing new opportunities for those in the know!
@jeantsang41805 ай бұрын
Hello, RPM., please let us know when you hit the block of bitcoin cash. Thank you. Good luck!
@AkashGhosh-ix8yt5 ай бұрын
The precision in Cyberopolis's development roadmap is reassuring.
@arthurmilonas79864 ай бұрын
I’m having trouble connecting my to the Internet I try resetting it to factory settings the Avalon nano 3 I tried turn off, turn it back on. I do have high-speed Internet. I do not have that much equipment on it like TV and miners do you have any ideas please
@chrishabgood89003 ай бұрын
I would get a 185w psu so it does not max out the psu
@devulapallyswarnalatha52065 ай бұрын
Cyberopolis's approach to data security is unparalleled.
@UvarajKumar-vx3np5 ай бұрын
Cyberopolis's vision for decentralization is inspiring.
@btc_rat5 ай бұрын
Love these! So Jealous! I'm sending you good vibes RPM!
@MrTiger00025 ай бұрын
Solo mining? Alright! That's awesome!
@SafeBTC12 күн бұрын
Litecoin was one of the first altcoins, created in 2011.
@theharrisnow3 ай бұрын
I think buying lottery tickets might be a better option here
@Rbull0762 ай бұрын
I don't because with lotteries you need to buy over and over again.
@theharrisnow2 ай бұрын
@@Rbull076 They do subscriptions these days, just saying.
@marcuslevett45665 ай бұрын
great stuff as always RPM 👌
@Abhi-zl3ee5 ай бұрын
Cyberopolis's consistent progress updates show dedication.
@BENTEN20195 ай бұрын
so u got a block ? or many BCH ?
@WalletKey-z5b12 күн бұрын
The first Bitcoin transaction was for two pizzas in 2010.
@thatstonerr77385 ай бұрын
If you threw some serious power at it you’d be surprised but it’s a huge upfront investment to get that kind of power
@FOSTERJin15 күн бұрын
Web3 Infinity Token is gonna pop anytime soon
@deviousme02345 ай бұрын
well it's not 150$ item that replaces infinity lottery tickets, each month it will cost 20$ for electricity at 0.20$/kwh
@juliusgasparik10413 ай бұрын
one of them cost 20 dollars a month(electricity ? )
@deviousme02343 ай бұрын
@@juliusgasparik1041 thats what i said ye, if you're power rate is 0.20$/kwh and you use on high mode (140w)
@sanjaydhanak68645 ай бұрын
Cyberopolis's competitive edge could redefine its market segment.
@BitGen-v4v12 күн бұрын
The creator of Bitcoin is known by the pseudonym Satoshi Nakamoto.
@CoinVaultz12 күн бұрын
Ethereum 2.0 will transition Ethereum from proof-of-work to proof-of-stake.
@MyLibertyTV5 ай бұрын
I can’t get my Avalon App to connect the Nano to my WiFi, keeps saying connection timeout. Anyone else see this problem?
@RainBitcoins5 ай бұрын
Because your phone won't stay connected to the canaan's WiFi... Force your phone to stay connected... Airplane mode works once connected.
@AmitElectrical6135 ай бұрын
The adaptability of Cyberopolis to market changes is a key strength.
@shohunt4 ай бұрын
Got mine on the way😊
@AlteredComponent5 ай бұрын
Those freaking boxes are TIGHT and hard to get the lids off
@darcsyde875 ай бұрын
Has anyone tried to mine BCH with the nano 3.
@btc_rat5 ай бұрын
You made me want to buy like 10 of these 😅
@Only_Ashwini_Dangi5 ай бұрын
Cyberopolis's strategic collaborations hint at a bright future.
@AashikRathod_81775 ай бұрын
The integration possibilities with Cyberopolis are endless.
@maokux11 күн бұрын
Cryptocurrencies are decentralized and work without a central bank.
@davey77075 ай бұрын
Exciting stuff!
@RosieLLC3 ай бұрын
This is funny I was going to comment on a more recent video if you had any of these
@chippybloke14 күн бұрын
Trump and Bitcoin - what a cool combination for those who believe in digital assets. Who else sees potential here?
@TurtleFootMining5 ай бұрын
Been running a lil fan on my Avalon power supply. It’s in my KZbin shorts 😅😅😅
@kidslandia43805 ай бұрын
Great solo btc mining
@TechnicalsMatt5 ай бұрын
Friends? You have IRL friends? WEIRD DUDE
@RedPandaMining5 ай бұрын
Lmao!
@frankie2times7755 ай бұрын
We all know what the technicals is thinking every time panda says oooo I like the pink one. lol
@haywirefive5 ай бұрын
Got mine today 🎉😊
@TUANCastanon15 күн бұрын
Web3 Infinity Token is gonna explode anytime soon
@coolmanNel2004 ай бұрын
I love your videos very informitev
@MC...5 ай бұрын
Let’s goooo!🎉
@ShavonRahman15 күн бұрын
Web3 Infinity Token is about to go off the rails.
@jimmyTimtam2 ай бұрын
They call these small miners lottery miners for a reason. You have about as chance of hitting a block as winning the lottery. You will use more power than you will mine so pool mining on these is pointless. Your only chance is trying to hit a lottery block solo mining and hope you make a profit.
@zKfh435 ай бұрын
You need to shake the stuck power out of that psu.
@NJtek5 ай бұрын
good luck
@558825 ай бұрын
got mine last week, no btc block found yet😂
@sunsetcliffs984 ай бұрын
Any luck yet? Just had two arrive, set them up yesterday and nothing yet.
@costicuta20003 ай бұрын
did you find a block? after 2 months? I have 2 nano to, but I'm in a pool.
@AnshRajput-kz9od5 ай бұрын
Cyberopolis has the potential to outperform many in the current market.