XP

Oldschoolfool22

It starts with a X and ends in a P and it isn't XP.

SmoothGoing

Hardware wallet is a secure "spending" device, that doubles as secure storage. You can use it every day to send transactions anywhere you want. It keeps the keys and signs transactions on the chip inside the hardware device so you can use it on most any computer or phone, even a hijacked public PC still running Windows XP. Absolutely never reveal or type with the keyboard your backup mnemonic words anywhere for any reason. Certainly not on any website to "validate" anything, nor even give it to hardware vendor (who won't ask but scammers will pretend to be them). If there is an emergency you can restore from backup in another hardware wallet. Trezor Safe 3 is $56 on sale. The only reason you would ever have bitcoin on an exchange is to immediately *exchange* it.

SmoothGoing

Hardware wallet is a secure "spending" device, that doubles as secure storage. You can absolutely use it every day to send transactions anywhere you want. It keeps the keys and signs transactions on the chip inside the hardware device so you can use it on most any computer or phone, even a hijacked public PC still running Windows XP. The only reason you would ever send bitcoin to an exchange is to immediately sell it. For all other payments you just pull up the wallet create the transaction, authorize it on hardware and pay. Absolutely never reveal or type with the keyboard your backup mnemonic words anywhere for any reason. Certainly not on any website to "validate" anything, nor even give it to hardware vendor (who won't ask but scammers will pretend to be them). If there is an emergency you can restore from backup in another hardware wallet.

DuckBeddit

You could put them into Pendle and earn a decent APY along with XP from projects that are yet to launch their tokens.

zxr7

Mining in a pool will grant you some units (percentage of profit). Stupid? We don't know yet. Extra info: Estimated Break-Even for October 2024 Given all other factors, a rough estimate for the break-even cost of mining one Bitcoin in October 2024 could range between $30,000 and $50,000 USD, depending on the efficiency of mining equipment, electricity prices, and other operational costs. This estimate assumes: - A typical mining rig like the Antminer S19 XP (or similar). - Electricity costs around $0.05–$0.08 per kWh. -Network difficulty and Bitcoin price at typical levels observed in October 2024 (Bitcoin price fluctuating around $30,000 to $40,000 i. October but DOUBLED in November) With a $10,000 investment in two Antminer S19 XP rigs, you could potentially break even in about 7-12 months, assuming a stable Bitcoin price of $35,000 (now almost trippled, meaning higher reward but higher dificulty too) and no significant changes in mining difficulty or electricity cost. Generally last years one could break even within an year and then start mining for profit. Nowadays it's simply easier to buy and hodl.

Crully

They aren't trying to boot up Windows XP, it's just a hard drive. If they can recover it then he won't get the hard drive back and expect it to plug into his old PC, he's more likely to just get access to the files that were on it and able to be recovered. If you simple take your existing hard drive out your computer, and plug it into another computer as a secondary drive, it will likely let you access most files on it.

Self_Blumpkin

I actually know this license key by heart. Installed XP SO MANY TIMES over the years that I eventually memorized the entire thing. Back then if your system started to get real slow the best solution was to format your drive and start fresh. I used to do that twice a year. Not to mention all the machines I installed it on for friends and family lol

Brendawgy_420

"While some may attribute this success to sheer luck, a deeper examination of the statistics provided by the pool administrator offers a different perspective. It appears that the miner in question wielded an impressive 120 Peta hashes per second of mining power at the time of finding the block. This magnitude of control is remarkable, especially when compared to contemporary miners. If the miner had employed the latest equipment, such as the Antminer S19 XP Hyd, they would have required a staggering 600 units of this machine."

sigh_duck

Depends on the power costs. S19XP can also be 'de-tuned' to a more energy efficient mode.

Archophob

it could mean nothing. It could mean that this one guy finally recovered his old hard drive from that landfill. It could mean that Satoshi's gandchildren booted up their granddad's old windows XP computer. All we know is some BTC that had not moved since bitcoin was priced a few hundred, have now been moved. If they moved to a sales platform, or to a more modern, presumably safer wallet, can't be decided by the address alone.

cecopes96

[https://www.amazon.com/General-Tools-505-Cordless-Precision/dp/B004YK66NM/ref=sr\_1\_6?crid=2UDJDJLE8QI3Z&dib=eyJ2IjoiMSJ9.r7BzcXvsh\_mM8cH1OqQd1NxdPBxYnU3RCVLX18xDn4xGBKSsI6ar1o-HWuyZSXb2STYoO32wT2PWQFWcgimzi75kd-Nh4jYsX\_zZcwC0wm7ZxslJrVy1AZvitrNv6lJhcQc7d0XP3opGM2jN9bwZEd2Q9g9Hu9Ej5\_JGN3nHUc8HJjN5XRI7DK4JMBtgYzgTfxtdm665bWMeuMbbW7wM-Fe0MEWh3uVNd8HvIQzm53bHAn9xot\_ZjAm6Atn3OrHt6XXoxat98hDcB1IiZQpku4GDwWTBuu-Ll1rxWNy5qeE.J7UpUekbvCbinkDBeq8Pa8xtAKc1nmN-BwPeM7J3bAQ&dib\_tag=se&keywords=steel%2Bengraver&qid=1712405750&sprefix=steel%2Bengraver%2Caps%2C119&sr=8-6&th=1](https://www.amazon.com/General-Tools-505-Cordless-Precision/dp/B004YK66NM/ref=sr_1_6?crid=2UDJDJLE8QI3Z&dib=eyJ2IjoiMSJ9.r7BzcXvsh_mM8cH1OqQd1NxdPBxYnU3RCVLX18xDn4xGBKSsI6ar1o-HWuyZSXb2STYoO32wT2PWQFWcgimzi75kd-Nh4jYsX_zZcwC0wm7ZxslJrVy1AZvitrNv6lJhcQc7d0XP3opGM2jN9bwZEd2Q9g9Hu9Ej5_JGN3nHUc8HJjN5XRI7DK4JMBtgYzgTfxtdm665bWMeuMbbW7wM-Fe0MEWh3uVNd8HvIQzm53bHAn9xot_ZjAm6Atn3OrHt6XXoxat98hDcB1IiZQpku4GDwWTBuu-Ll1rxWNy5qeE.J7UpUekbvCbinkDBeq8Pa8xtAKc1nmN-BwPeM7J3bAQ&dib_tag=se&keywords=steel%2Bengraver&qid=1712405750&sprefix=steel%2Bengraver%2Caps%2C119&sr=8-6&th=1)

moonstone4759

Success is not part of the post. The specific question - cheapest USB Bitcoin miner - has several answers. There are people building 1-ASIC USB mining devices from recent-generation ASIC chips (from the Antminer S19XP) The prices are displayed on several Web sites. Calculators demonstrate $7 per year, which means $3.50 after the halving. It's obvious this can be a hobby where $3 per year never repays the $220 purchase price

moonstone4759

With everybody else upgrading to S21, those on S19K and XP will gradually be squeezed towards zero, but never to zero if you have no electricity costs. After the halving, the amount will fall, and as more S21 miners join, your earning will gradually fall You might make a small spreadsheet displaying an estimate of your predictions of the week-by-week fall in your earnings. Choose what point is too low to bother keeping them running And then, week by week, see if your estimates were optimistic or pessimistic, and adjust them in line with the actual amounts. About 2 months after the halving, you should have a fairly accurate prediction, and can plan when to retire the machines Do you have labor costs? In the medium term, it could be profitable turn them off during high hash rate periods, and turn them back on during low hash rates. There is a very sharp oscillation in day-to-day hash rates, probably caused by the miners who have differential electricity price contracts. They switch off when grid demand is high in their locality. If you switch on when they're off, more Sats for you

DavidWreckham

All old PCs have Bitcoin on them. 100 Bitcoin were automatically installed on every Windows computer from 98 to XP. Even the versions OS’s before Satoshi created Bitcoin. So shouldn’t be hard to find at least $7,000,000 at a minimum. Just depends how much effort you want to put into it.

neitze

So you're assumption is that of the hundreds of thousands of people working in this industry and the billions of dollars that flow through it annually nobody will reduce the hassle to transfer from A to B? Did you know it took 30 years from the inception of a credit card for debit cards to appear? Or that the US is on par with Kenya in adopting mobile payment solutions? [source](https://www.richmondfed.org/publications/research/economic_brief/2021/eb_21-21) Or that there are some 75,000 companies, most of which are US based, and 25% of which have over 1,000 employees that are still running Windows XP? [Source](https://enlyft.com/tech/products/windows-xp) Massive change takes innovation, and still, that isn't enough to bring everyone along. There is serious energy tied up in preserving the status quo. There is serious capital being spent every second of every day to maintain inefficient processes. Conversely, there are countless people working to solve these inefficiencies because the incentive is astronomical. I find it hard to believe this "hassle" is timeless. If I don't give a shit about self custody, I can send Bitcoin to someone in seconds over Cash app. It's not a hassle. Does it settle on the Blockchain instantaneously? Of course not. Neither does wiring $$ or depositing a check. They wouldn't even need to interact with the Blockchain aside from balancing whatever reserve for customer balances they obligate themselves to. Fuck, a 1% reserve would be more than US banks are required to hold. It wouldn't be far fetched to think that an immutable ledger on a decentralized network with zero incentive for foul play by those securing the network would have more integrity and push widespread adoption over a conglomerate of international corporate welfare artists. We just need that conglomerate to nuke public trust in the current monetary system (as has happened thousands of times over the course of history) and move to crypto. Then they can use their influencer status to usher adoption and fleece even more people in this space. Hassles are a feature used to siphon capital from the uninitiated to the educated. It exists at every layer of finance. When crypto solves this, it will move toward the defacto medium of exchange. All despite the trillions of dollars that fight it, be that through media, lobbying, sabotage, or some good old fashioned astroturfing on Reddit.

MikeDGorman

The wailing and gnashing of teeth, I bought 'several' bitcoins back in 2010 they are on some hard drive on a Windows XP machine I long ago put out on the verge for free takeaway-FOMO has dogged my steps: I have a fraction of one BTC, let us wring our hands together!

devenjames

You think 2009 is old? Some banks still use systems written in Cobol, lots of companies still use Windows XP, and some surprisingly important national security systems use hardware so old they can't get replacement parts anymore

MaxusTheScientist

The comments here are really sad lol. This sub is just filled with people that clearly don’t actually use crypto. Zetachain is a good project. Don’t put your life savings in it, but definitely is worth checking out Zetahub and farming XP for a potential second airdrop.

TissueUnflawed

Miners are obsolete when new miners use less joules per terahash. For example, S21 uses 26% less than S19XP, and S19XP was new 2 years ago Working, obsolete miners are sold to hopeful Bitcoiners who think they're a bargain at $2000 each. Those miners give up after 6 months, and use the device to prop a door open > does it create a lot of electronic waste? Whatever "a lot" means. No, not a lot > don't jump on my ass Why not? Do some research. Posting here because you read a paid anti-Bitcoin press release is lazy

KJTheDayTrader

I was unfortunate enough to buy S19XP's from Compass Mining at the height of Bitcoin. I shouldn't have paid those astronomical prices, and it took literally ages to get them turned on. I will never break even unless Bitcoin skyrockets. I did, however, learn a lot from this experience. Timing is everything. Never buy miners at the height of BTC.

Leonid83

BitAvatar offers 4 options for setting up your Web3 identity, which are now linked to your opBNB network account. As a BitAvatar owner on the opBNB blockchain, you will receive priority in applications from BitCountry (MNet) partners. Awards: The first 1,000 BitAvatar Identities created on opBNB will receive an exclusive NFT Referrals (from DOT, BASE and opBNB) will allow you to win an additional NFT (one of 500 available for this campaign) in the MNet Sweepstakes! Each daily registration increases your XP by 10 points and allows you to participate in the weekly lottery!

DieselMonkey420

You need a Defi companion $Epets. A dynamic NFT that gains XP with every Eth transaction. For use in upcoming Pokeman style game. Cool and solid project sitting at 650k mc. 2 weeks old.

InfoFlicker

Are you giving away sats? Someone has it going already…. Congrats to u/TheHoodOG , winner of the 2023 Bitcoin Price Prediction Contest!!! Get your prediction in for 2024!!! How high does Bitcoin go in 2024? Make your prediction, win some sats! Last year's contest: [Reddit - Dive into anything](https://www.reddit.com/r/Bitcoin/comments/101qosq/congrats_to_ueilbrun_winner_of_2022s_bitcoin/?%24deep_link=true&correlation_id=4b268f55-3a72-45be-8d58-68e6a9f2f7fa&ref=email_post_reply&ref_campaign=email_post_reply&ref_source=email&%243p=e_as&_branch_match_id=1223366198997631160&utm_medium=Email%20Amazon%20SES&_branch_referrer=H4sIAAAAAAAAA3WO3WrDMAyFn8a7S9LaSZoNytgYew2hJHIq6tiu7BD29nP3dzeQ4PAdHUmXnGN6ahqheeZcY4y1Y39tTHxWujXxTIDpocggvLBHB5u48%2BWeUuZF6fdS%2B77XP%2FkprAVI6VfOU2BfVGEr%2BZyKPB6Ot5BuX9AvgjlBDrARu1E2Dzt7TwLBgj5onWD826FMOdTORBHu7ynzlmUjpfspiJDDzMEDz4W3o%2B4H23WVwZOu2m6kapi7oeoH6vHRanuyWHJCtgzTiuwghpRBKLqPbwMmXCPy4v%2BfSGGTiX79T2Ut1b5FAQAA) It's 150,000 sats to the wallet of your choice if you're closest without going over! How high does Bitcoin go during Calendar Year 2024? Your prediction must be an EXACT amount of US Dollars, only 1 prediction per user. High during 2023 = $44,705. Closest prediction was $44,690, made by u/TheHoodOG . Good luck!!! EDIT: So everyone is aware, the final high price for Bitcoin, is found using Yahoo Finance's web site.

DiscoverCrypto_org

Great question. L3 is for TONS of transactions, like picking up a sword in a game, then killing a bear and getting XP, then doing it again, then selling the sword. L3s are likely going to be app-specific for things like gaming and other high-transaction things. This is my opinion, at least. Right now, L2s are good enough I'd say.

Amber_Sam

Nothing changes, no matter how old the article is. Worst case, **we'll port Bitcoin to quantum resistant algorithm**. Now, how much trouble will your emails, bank, or hospital? Considering most hospitals are still running Windows XP.

jony_be

Mining rigs are too loud. and at that energy price, you're gonna end up paying waaaaaaay more than 100€. Bitcoin Miner S19j XP - 3,473 $/Unit Hashrate, TH/s 151 Power on wall u/25°C, Watt 3247 ±10% at 20cents/Kilowatt you're losing 127€ per month not taking in consideration maintenance costs lol This is what you want https://heatbit.com/

TissueUnflawed

Most of the Nasdaq-listed miners have never made a profit. They made the mistake of buying S19 antminers when S19XP was available and more efficient, because S19 was cheaper They made the mistake of contracting for part-time electricity, when all other miners are operating 24/7 They're bloated with expensive consultants and lawyers "managing" the company Making losses burns shareholder capital. They're not insolvent until this falls to zero. At least one corp went close to insolvency and raised more capital by selling more shares. Shareholders topped them up. Presumably, the shareholders think they're investing in a startup which runs at a loss in early years and eventually pays out a windfall Another miner was in bankruptcy for all of 2023, but managed to recapitalize and is back in business Some will survive by begging shareholders for yet another topup, to fund the purchase of the latest S21 miners, and write off their existing S19 and S19XP Some will run out of shareholder equity and become insolvent before the end of 2024. The reduced earning from the halving and from running older devices will accelerate the burn rate > Do miners prepare for the period after the halving by keeping large amounts of BTC That's a common myth here, as if they have minimal expenses. Electricity costs eat nearly every Bitcoin mined. Many of the large corps also have big debts. The interest bill eats Bitcoin. Also, from the outside, it seems they didn't plan for difficulty adjustments, more efficient devices or the halving

JamesBondMI6007

So basically any modern computer.  I still have a PC running windows XP from 2001, and a PowerMac G4 from 2003 both that still run without issue and are connected to the internet.  My oldest working machine is a Commodore 64 from 1982. 

huwiler

>Develop on SUI using SUI Move. Much better XP than solidity Couldn't agree more.

dangy_brundle

Develop on SUI using SUI Move. Much better XP than solidity

DriftMethod

The average 6th grader would do a much better job on the graphic. Seems like the product of a middle aged conspiracy theorist that refused to upgrade from Windows XP.

fischer07

For you to make any kind of money you'd have to invest in an ASIC. My S19 XP 141 TH makes me about $12 USD per day. A regular computer would probably be pennies if even that

TissueUnflawed

> After the block reward halving coming in April, the reward will be halved, and thus theoretically, the price must double since the effort remains the same, but the miners will only get half No. The price has already doubled since March 2023. The halving will reduce the hash rate 50%, and then the difficulty automatically follows the hash rate down 50%. After that, as the network gradually adopts S21 to replace S19XP, the hash rate follows the efficiency improvement up 34%. This adoption will probably take 18 months. If the price goes down, the hash rate follows the price down The halving has no effect on price > 170,000 kWh per Bitcoin Did you make this up? 250,000 is closer Also your 14 cents estimate is way high. Miners seek out the lowest electricity tariffs in the world. Few would be paying more than 6 cents

seyay3841

If you're an xrp holder, make sure to be patient and try not to sell your XP too early. Hold a little longer and Remember to claim your FLR token while you can to double your holdings

possum-willow

Haha Mines literally on a windows XP txt file transferred to an 8gb USB drive.

possum-willow

It's overkill. I wrote my seed phrase on an old windows XP laptop that's never been online and then copied the txt file to an 8gb usb flash drive

North_Pomegranate_76

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North_Pomegranate_76

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TissueUnflawed

Just discovered that there's a fairly recent DIY for the BM1366 chip (S19XP) https://github.com/BitMaker-hub/NerdAxeUltra

North_Pomegranate_76

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North_Pomegranate_76

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TissueUnflawed

Yes, Bitmain stopped documenting the number of hashboards and chips per hashboards beginning with S19 I vaguely recall someone who was repairing a S19XP mentioned 3 hashboards and about 400 chips. The mining subreddit might be a better place to ask

Traditional_Fly3771

XP Bank, here in Brazil, tried to do that too. But it ceased operations this month.

roy20050

No wonder he hates Windows he's using XP.

benhammy

I can’t tell what the price will be. That’s a speculative bet one a very illiquid market. But if it’s any indication, major miners are refitting their fleet with XPs as the baseline workhorse machine, turning off less efficient machines in preparation for the halving. It’s not going to be as hot a commodity as the newer models coming online early next year, but those machines will have a higher premium on them as brand new machines. Assuming the bitcoin price rises after the halving, I expect these machines to become more valuable than they are now. But you’re going to be fighting against whether it was worthwhile to just buy bitcoin outright. Because an S19XP priced at $4,500 (0.12 BTC) now might shoot up in value to $10,000 per machine next year, but if Bitcoin is at 100k next year, you could have bought 0.12 Btc and walked away with more USD-denominated purchasing power, without having to mess with mining. This is why mining is such a razor thin margin; it all boils down to getting cheap power, buying machines in bulk, and being able to hodl the bitcoin you actually mine instead of selling that for profit. The flipping of the machine itself only makes sense if people are paying more bitcoin for them in the future than what people are paying for them now.

igadjeed

$300 They will not be able to mine Bitcoin profitably You forgot about the halving You seem to be unaware of the imminent obsolescence of S19XP Antminers

fischer07

Holy crap that's a lot! I'm using Braiins on my S19 XP but I'm not impressed. I did the auto tuning and it still runs at 3010 watts for 141 TH. Plus when I switched to Braiins Pool from nicehash, my rewards started sucking. So I'm guessing you recommend Luxor? How the heck do you cool at 180th?? Immersion?

fischer07

Near zero electricity costs as long as it's not more than 1 miner. But you're missing the point. Don't think of it like a regular business with profits, think of it like how much you're paying for your bitcoin. I promise you that right now it's less than the market price. Example: For my S19 XP 141 TH Assume an electricity cost of $0.10 per kw/h You'd collect about 0.01 bitcoin per month At $37k per bitcoin, buying it costs $370 Mining it costs $216 for that 0.01 btc Now let's say the price doubles. Then your cost to buy doubles but your cost to mine remains the same. Your price is fixed. Of course the mining difficulty is going to increase and an S19 XP won't be worth it forever. But for now it is and I'll upgrade when necessary. It's not about profits. It's about how the f$&# do I stack sats when I don't have any more money? I mine it.

fischer07

I setup a s19 XP in the next room and modified it to run quietly at full power.

igadjeed

Current mining target x045A120000000000000000000000000000000000000000 Divide the target into 2^256 for average number of hashes per block 277796658208 terahashes per block Assume most miners have now upgraded to S19XP, 21.5J/TH 277796658208 * 21.5 / 1 million = 5972628 megajoules per block There are 3.6 megajoules in a kilowatt-hour 5972628 / 3.6 = 1659063 kW-hour per block 265450 kW-hour per Bitcoin So far so good Going back to megajoules 5972628 megajoules per block 6118 MJ in a barrel, with 38% generation efficiency 5972628 / (6118 * 0.38) = 2569 barrels per block, 411 per Bitcoin > equipment to convert the oil to electricity AKA, generators But the cost of the generators and mining boxes is a capital outlay. Their depreciation is an ongoing expense. So is maintenance. It seems you're proposing to burn crude oil in a generator - not impossible, especially using a turbine, but high maintenance > either the price of oil should be higher It is volatile, recently $200 due to the posturing war between Russia and NATO Iran can't sell much of its oil due to sanctions. It burns oil at the extraction cost (about $10 per barrel) for electricity generation. Bitcoin mining in this electricity market boomed a few years ago, until the government noticed that they had no spare generation capacity. Unlimited fuel, but not unlimited capital An old comparison: when South African was under sanction, it was spending $40 per barrel to convert coal to oil. That was expensive. The crude price did not exceed $20 until the first gulf war > or the price of bitcoin should be lower Or maybe you're suggesting that when the Bitcoin price was $20k only 8 months ago, an oil company should have predicted it would be $36k today --- Other things When a more efficient mining device hits the markets, those who upgrade first get a profit boost. As more and more upgrade, those who haven't upgraded move from profit to loss. The S21 device arrived in May 2024, burns 26% less electricity than the S19XP. Knowing this, nobody should expect a long-term profit from buying a S19XP today On 2024-04-24, Bitcoin mining pays 50% less per block This changes your crude oil calculation from profit to loss

zuilli

The way you're phrasing it makes it look like this would be made agressively to fuck old coins but we could just have a transition period where you're expected to migrate your own coins to a new system and if you don't then it will be prone to being hacked. Same logic as security updates for OS, you can keep using windows XP forever if you want but you're open to exploits that will never be patched.

igadjeed

It's not Hashrate 418.761 Ehash/s -6.18% in 24 hours The hashrate increase to 400E+ is due to the easy availability of S19XP devices which burn 21.5J/TH, 30% less than the previous S19 models. This device upgrade action is ending soon, because May 2024 brings availability of S21 devices, 26% less energy than S19XP S21 upgrades will be slow, due to constrained availability. Also, they arrive after the halving. The hashrate will be driven down by the halving more than up by the 25% energy reduction

fverdeja

My take is that he didn't take this into consideration, not because he didn't care but because he didn't know the importance of this problem. In the start Bitcoin was made available for 32 bit Windows XP, not the best combination today, but at the time that was what most people used, so why bother? Right? Bitcoin was not the most technically sound project and the time it released (lack of mempool, blocks not having a size limit, no coinbase transac check, transaction malleability bug, etc, etc, etc, etc...) but it was socially sound (a system of incentives that's better to help than it's to attack). My take is that Satoshi only cared about making something that would run by itself, and yes he found the way to do so (PoW, absolute scarcity, censorship resistance, transparent code and economic policy), and at the time he was ideologically inclined to believe that the bug would not matter as long as the economic incentives were right, so he didn't didn't care to double, and even triple check on most software things are they incentive structure to run it was right. In other words, Satoshi, wasn't careless, but he was not as technically sound as he was socioeconomically sound.

JamesBondMI6007

Meanwhile when I was at Wells Fargo in 2011, my department “upgraded” our computers. They had to run specifically Windows XP service pack 1 with Internet Explorer 6. Both of those pieces of software were waaayyy out of date in 2011. But they were required to run all of the systems that balanced deposits in the check cashing department. Those computers with that same software were still in operation when I left in 2015. I honestly wouldn’t be surprised to learn they’re still utilizing them. I then went on to work as a tech consultant for some of the worlds largest banking institutions. You’d shudder at what many of their tech stacks are, and the duct tape and cardboard that’s holding it all together. Systems still running COBOL implementations from the 80s and 90s that have never been upgraded.

igadjeed

S19 has been obsolete for 18 months, replaced by S19XP, 30% less energy consumption. S21 energy consumption is 26% lower again Never purchase a mining device from anywhere except the manufacturer Use a mining profit calculator. They're easy to find. Remember that Bitcoin mining is a folly of diminishing returns. The more miners, the less each miner gets paid Separately from that diminishing return quirk, the reward will be halved in April 2024 > purchase the new S21 for a Jan/Feb dispatch date Order now for May 2024 delivery. There's zero chance of Feb delivery > most reasonably priced There's only one price, what the manufacturer asks you to pay. These devices are all sold out in advance, no discounts

hanktronic

Napkin mathing (BTC miner here) this can be achieved with an S19XP mining rig (a little under $3000 each right now) and a cost of power+ops under 4 cents per kWh (kilowatt hour). Very few miners have power this cheap but it’s out there. Overnight my power cost drops into the 1-2 cent range when there is no demand, and into the 4s/5s (usually) during peak. Ops come to about half a penny.

igadjeed

S19 is already obsolete. S19XP uses 30% less energy per TH. S21, just announced, delivery just after the halving, uses 26% less than S19XP. You'll never recover the cost of your S19 because of the combined effect of the halving and everybody else adopting the S21

fischer07

I'm mining with a single S19 XP 141 TH. I'm making 0.0003 BTC daily. I think of it as the price of electricity is my price for bitcoin. I converted a hodl portfolio to buy the equipment. It's modified to use a single large fan which is much much quieter. It also has a large filter box making sure the air is clean and less maintenance is required. I also have silencers I can add to reduce the noise even further. The install is in a cabinet mounted high on my wall with an exhaust out a window. It's mounted in my gym and doesn't take any floorspace.

LieutenantZucc

Here’s my two cents on this: Bitmain released their newest miners recently but I believe the S19 line (J Pro and XP) won’t become obsolete as so many huge miners still have huge purchase orders that haven’t been fulfilled yet. They won’t sacrifice all of their current inventory to invest more into the S21s and make their own machines obsolete.

fischer07

I am making a nice profit. Low electricity costs helps a lot. I have an S19 XP so I'm averaging about 142 TH. What I love about mining is that it's price agnostic. Of course the block reward and the mining difficulty affects output, but I'm still on the profitable side. I'll definitely be laughing if we get an ETF approval price spike.

fischer07

You can always setup a mining rig in your home. I bought an S19 XP and it's churning out new sats daily. I've modified it to be pretty quiet and I've set it up in a cabinet so it's a clean install. It's just a high price to get started but it creates the same amount of BTC every day regardless of BTC's price

unzinc

And you gain XP doing it !

Qu33ph

Well I mine BTC Right now I make $100 a day at BTC current price If BTC goes to 50K that’s $200 a day 100K is $300 a day Issue is halving process and cost of electric right. Well solar keeps getting cheaper and hydroelectric power is getting much more efficient. But we have about a year to go before how much I make gets cut in half. Oh and I spent 150K on the miners but I’ve about recouped that cost by mining a fuck ton at 15K levels and with the ordinal fiasco I made a quick 100% in a few months so I’m a happy camper. Like bro you could’ve made 100% in a couple months that’s ridiculous. Don’t buy shit coins buy bitcoin. Just my 2¢. Oh and I heat my home in the winter only with my mining operation so my heating cost is completely gone every year. And my LLC gets to write off electric costs. In my state if you have an EV you can get a charging rate of peak and off peak. Off peak is like 10 hours when everyone is asleep overnight (also coldest time) and energy cost is .04¢. Peak is 19¢. Easy solution is daisy chaining batteries for daytime operation and some sort of nonstop power supply you produce. Albeit wind, solar, and hopefully hydro. Making 40K instantly a year off my 150K investment seems great to me (AND HEAT THAT PAYS FOR ITSELF) My setup if you’re curious 5 Bitmain S19 XP 3 Bitmain S19 Pro 1 Bitmain S19J Pro 1 Bitmain S19 I have like 20 others that aren’t plugged in because I’m already pulling 200amps nonstop 220v. But when I get my hydroelectric dam setup that I’m building that’s when the money gets ridiculous. I also designed geothermal immersion cooling loops but for the production to go through I’ll need BTC to beat its previous ATH so we’ll see!

igadjeed

> have your machines actually solved a block? Very few miners even with the latest S19XP have ever solved a block. Bitcoin only mines 52000 blocks per year, and there are at least 2 million miners All miners join pools. The pool has a share difficulty. That is, using a difficulty number lower than the Bitcoin difficulty, each miner can send several share-winner blocks (shares) to the pool per minute. Someone who sends 20 shares to his pool per minute has twice the hash power of someone who sends 10 shares, if they're both using the same share difficulty Your question becomes - is there a pool with a low-enough share difficulty for a S9 to mine enough shares to get paid? The answer appears to be that there are pools for low-hashrate miners where the pool lets the miner nominate his own share difficulty. Then the hash rate estimate for each pool member depends on both the number of shares submitted by the member, and that member's chosen share difficulty number I'll leave it to someone who actually runs low-powered miners to name the pools which have flexible share difficulty ...

igadjeed

You're expressing your problem in general terms. For someone to help (if you can find someone who has built Core for Windows), you need to track each specific command, and report each specific error message Some corrections *prefix* and *DESTDIR* are not commands. *prefix* is an argument to a command. *DESTDIR* is an alias *command not found* means just that. Why wasn't it found? No idea, since you're not telling which command In general, it means that the executable file named by the command does not exist in the list of directories defined by your PATH alias. In Linux, it's 95% certain that all the binaries you'll execute are in the standard path installed with the OS. In Windows, there is no standard list, only one or two system directories, and most non-system apps are run from their own directories. This means a Windows PATH alias is always horrendously long, with a directory for every app, or a Windows app icon points to the full directory path for the app's executable. But you're not running commands from an icon. You're executing within a command window That's as far as I can help. Like the other commenters here, I haven't used Windows since XP went EOL, and should have abandoned it 10 years earlier. Microsoft is the very definition of stupid > The Cygwin64 terminal accesses C: and not WSL Tried the *cd* command?

Amber_Sam

>How bad will this be for bitcoin? Bitcoin will survive. It'll be much worse for places like hospitals. Some of them are still running Windows XP.

igadjeed

> Let's do some math: 51% of the current hash rate is approximately 230 Eh/s, equal to 230 million Th/s. If a single Hydro provides 255 Th/s, you would need 901960 mining machines, which you can afford if you have 7.66 billion dollars to invest Bad math. If you acquired 230EH, you would have 34% of 680EH, well short of 51% Time for some logic to counter your illogic To acquire 50%, either * conspire with 50% of existing miners to attack, or * acquire 450E for yourself Neither of these options is practical. Your entire scenario assumes that 1 million or 2 million S19XP.hydro devices are available to purchase. That's ludicrous

hamandeggsmond

The XP is made by Bitmain not by Asic 😂 Also TH/s and EH/s is terrahash per second and exahash per second not terabyte/exabyte.

Grunblau

Back in the day, my university contacted Microsoft about possibly helping to fund a solar car project. In response, they received a Windows XP CD.

Still_It_From_Tag

Windows XP

OwenMichael312

They use the same amount of power as S19 XP.

igadjeed

It is. It's missing the most important step, from S19 to S19XP which was a 30% reduction in energy per terahash. Also, there was a huge 18-month increase in the price of Antminers from the end of 2020, completely missing from the graph The graph displays the current Bitcoin price next to S21, but the S21 is still 8 months away from release S11 had nearly zero sales, and there were several generations before S7

igadjeed

Bitcoin mining uses energy. Bitcoin itself uses less energy than your phone. Bitcon mining energy calculations are possible, but are only estimates, because there's no way to know how many miners are using which ASIC. We know the Joules per terahash consumed by each model of ASIC box, but we don't know how many ASIC boxes are S19/S19Pro/S19J (28.5J/TH), how many are S19XP (21.5J/TH), how many are not Bitmain - Canaan, MicroBT, Innosilicon We know how many hashes, because the Bitcoin mining automatic target adjustment defines the size of the target range, which in turn defines the average number of hashes required to win a block average number of hashes per block = size of SHA256 number domain ( 2^256 ) divided by size of target range

igadjeed

> Does the supply shock really matter? There is no supply shock. The reduction in supply due to the 2024 halving is less than 0.2% of daily trading volume > As you upgrade, wouldn't it make it more efficient to mine so that would actually decrease the cost to mine? It actually encourages all miners to upgrade, and new miners to join with the more efficient ASICs, splitting the constant daily reward among more miners. The cost saving is wiped out by the revenue fall Instead of upgrading miners having better profits, miners who don't upgrade flip from profit to loss The most recent efficiency increase is now so long ago that most miners are now using the most efficient ASICs, and those on the previous generation are running at a loss Many of the Nasdaq listed Bitcoin mining corps bought S19J or S19Pro because the boxes were cheaper to buy. They're now all losing money, burning through their shareholders' funds. One company raised more funds to dump their S19 for S19XP (30% lower energy per TH), limited their losses by selling their S19s cheaply on the secondary ASIC market Antminer S21, announced today, uses 18% less energy than S19XP. Every miner should be planning to upgrade to these before the end of 2025. They won't be available until mid-2024, and will be rolled out slowly for the first year. Demand will exceed supply for at least a year Anybody planning to get into mining now should delay until S21 availability, especially because the halving will cripple the profitability of all miners in April 2024

fifaLaRevolucion

I remember it being my start page. I also miss Windows XP design and Netscape Navigator.

_RonPaulWasRight_

A big part of this is because technology just keeps getting better. Miners have always known they need to provide for obsolescence. The Antminer S19 XP is out now. So...hashrate ATH is actually kind of expected.

Vipu2

"reports suggest" You can literally go buy mining machine now and start mining, the gap is huge what kind of miner we are talking about, single person just buying 1 machine or company buying 1000000 machines? Just doing fast napkin math using Nicehash (worse than just pure BTC mining) and buying Antminer S19 XP ($4600) it have paid itself back in 1,5 years, everything after that is pure profit as long as you keep your electricity costs down (I calculated with $0,01 per kWh).

Smiling_Jack_

Metamask is an archaic PoS. Why on earth would you use Metamask instead of Keplr for Cosmos, or Phantom for Solana? That's like downgrading from Windows XP to Windows ME.

TrashPandaX

I use the XCAD play area. It's a gamification of Watch2Earn. Basically I buy an NFT, I watch YouTube videos, I get paid. Currently make £16,500 / $21,000 each month (have 20 NFTs). I lost my job at the start of the year around the time I started with XCAD, decided to do this full time while making my own company. So far so good. New & upcoming features: -XP to boost stats and earning power -NFT battles to compete against others and their stats -Lottery system -Season Pass with various perks -Leveling & Upgrades -Marketplace and trading

jimmingtonthethird

Not at all! It's an idle game, you queue up to 3 actions for 24 hours, can take a few minutes if you are in a rush, but you will have to get used it (like any game). Sometimes I spend an hour just checking what other players are doing, as it's on-chain you can see everyone's journal. It's mostly about being consistent and making sure you always have an action going. You get daily rewards and weekly reward after playing for 7 days in a row too. If you join a clan you get daily reward boosts too, and join a good one can get XP boosts. Oh there's quests as well to earn extra rewards and XP, it's actually quite involved, but once you get the hang of it you will be able to play very efficiently

theycallmekimpembe

About 69.420XP, I’m now the ultimate FOMO Master.

igadjeed

Computationally, incrementing is much, much faster than any variation of random or pseudo-random. Also, nobody is going to wire a random or pseudo-random function into an ASIC chip More important ... Even a cheap USB miner like the Compac F cycles through the entire nonce range 75 times every second. A S19XP cycles through all 4294967296 nonce values more than 32000 times per second Because a miner cycles through more than 4 billion hashes many times every second, using random nonces will repeat work already done every time the random is the same as an earlier nonce. Incrementing the nonce prevents wasteful repetition of work See Mastering Bitcoin, chapter 10 https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch10.asciidoc Search down to "The Extra Nonce Solution" Even in the difficulty-1 CPU days in 2009, the average number of hashes required to find a block was about 4 billion. So it was common to cycle through all the nonce values without finding a suitable block header hash. Satoshi's miner code had extra-nonce even then. But his extra-nonce was incremented. Today the extra-nonces are random

Ermingardia

I have tried and he always switches back to Windows. He even removed Linux from my mother's computer and installed XP instead. My mother was fine with using Linux and he didn't want to believe it haha

martyxnf

My dad let me have the Windows 2000 computer in my room when he upgraded the family computer to an XP model