Ocean Is Boiling! \ stacker news ~bitcoin

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809 sats \ 25 comments \ @siggy47 18h bitcoin_Mining

What the hell is going on with Ocean? Every time I check the last few days they have hit another block. Has there been some giant increase in hash rate compared to other pools recently, or is this just luck? I don't notice any huge increase from the chart on the site. Could this be a surge in Datum? An ideological stance against core?

Either way, I'm not complaining.

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47 sats \ 3 replies \ @0xbitcoiner 14h

Don't boil it too much, you'll dry up the oceans! 🤠

45 sats \ 2 replies \ @siggy47 OP 14h

I might have applied the Siggy Jinx accidentally. No blocks for hours.

47 sats \ 1 reply \ @0xbitcoiner 14h

that jinx?

An unhinged and impulsive criminal from the undercity, Jinx is haunted by the consequences of her past—but that doesn't stop her from bringing her own chaotic...

https://www.leagueoflegends.com/en-gb/champions/jinx/

ahah!

44 sats \ 0 replies \ @siggy47 OP 14h

Old slang. I know nothing about League Of Legends!

59 sats \ 3 replies \ @optimism 18h

According to mempool.space they are expected to find a block every ~8 hours.

114 sats \ 2 replies \ @siggy47 OP 17h

Granted it's a small sample size, but over the past four months I'm pretty certain they haven't been averaging 3 blocks a day.

111 sats \ 0 replies \ @optimism 17h

According to their own dashboard per @jakoyoh629's comment above, they 3x'd their clients in terms of hash power.

100 sats \ 0 replies \ @jakoyoh629 17h

~100 blocks in last 4 months

36 sats \ 7 replies \ @Coinsreporter 16h

After reading all of your Ocean journey, I think I should get some Nano 3s but first I've to intall solar. Electricity has got more expensive, nearly a 50% hike, after we were shifted to City status.

31 sats \ 6 replies \ @siggy47 OP 16h

Yes, that's a huge issue. I won't be turning a profit any time soon.

138 sats \ 5 replies \ @Coinsreporter 16h

We now get 70% subsidy on a 3kw watt home solar plant, how many or how big a mining rig can I run on it?

112 sats \ 0 replies \ @openyoureyes 12h

The sun is not shining at night. Simple fact. So you have to provide information how expensive a kwh is. If you want to run a miner only when the sun is shining you probably never get roi. Your solar energy is also not free, it has a price. You have to buy and install it, sometimes even maintain or insure it. But you also have to ask yourself if the heat produced is waste or if you can use it. If you use ac to cool the room mining there even gets more expensive.

98 sats \ 2 replies \ @Solomonsatoshi 14h

I run very small scale solar mining as living offgrid and in summer have surplus electricity but would say consider how close you are to the equator, as currently, mid winter here in South Island New Zealand, I have had to drastically reduce mining just to keep the lights, fridge and internet running! That 3kw solar plant will probably be peak output mid summer. The seasonal variance in solar power produced by PV panels where I am roughly midway between equator and poles is considerable...maybe 3-400%. That said with 3kw you could run one serious mining rig of perhaps 100 plus TH...but only while the sun shines. I dont know how small scale mining can be profitable in a real time sense unless you are using solar power that would otherwise be unused as is the case for me in midsummer, but even there it will be years before I've covered the cost of the 4 Tb Nano3 and 1Tb Lucky miners. In the longer term who knows how much sats will be worth, but realistically home mining is more a hobby than a business...it is fun converting solar energy into hard, kyc free savings liquidity.

21 sats \ 1 reply \ @Coinsreporter 8h

I'm from north India and fairly close to the lime of Cancer, there's enough sunlight more than 300 days. But when there's not it's like gone for 5 days in a row or 10 days in a row. This happens mostly in winters but can happen in rainy season as well.

The Heat can be an issue only in May - June, otherwise it's enough cool in the basement where I intent to put the setup.

0 sats \ 0 replies \ @Solomonsatoshi 3h

Sounds like a good situation for you to mine off solar and if the sun does not shine for a few days you can close the miner down for that time - that is what I have had to do this winter here a lot because it has been extraordinarily wet and cloudy- the last 6-9 months have been the wettest and least sun for many years. It's great to be earning sats while the sun shines. In peak summer here when it occasionally gets over 40 degrees Celsius I can run a small air conditioner off the solar power too.

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21 sats \ 0 replies \ @siggy47 OP 16h

I don't know. @Solomonsatoshi is the guy to ask.

36 sats \ 3 replies \ @Undisciplined 17h

And every time a couple dozen sats go in my retirement fund over there.

53 sats \ 2 replies \ @siggy47 OP 17h

At this rate, I'll have this nano 3s paid for before my future grandchildren retire.

36 sats \ 1 reply \ @Undisciplined 17h

Are you liking your nana 3s?

I'm not sure if I want to get one next, or jump all the way into a Heatbit.

53 sats \ 0 replies \ @siggy47 OP 17h

I really like it. It's very reliable. Like all these canaan home products, it has had a nice price drop. I bought mine around 4 months ago at $399 including shipping. Now I see a $299 price. I think if I look to go bigger, I might go for the Q instead of the heat bit. They both have dropped a little in price, and I like the Q's hash rate. I would use it in the winter for a basement room that is not well heated.

36 sats \ 1 reply \ @Aardvark 16h

I really need to invest in a miner at some point.

53 sats \ 0 replies \ @siggy47 OP 16h

It seems like the canaans get much cheaper a few months after release. It makes sense.