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10 sats \ 7 replies \ @Undisciplined 22 Oct \ on: Anyone Can Share Experience with Avalon Nano 3S Experience bitcoin_beginners
You might be able to find a deal offering satsback rewards from a vendor through Fold or other apps that have such rewards.
I love the Nano 3s. It's much quieter than my Bitaxe and produces much more heat/hash.
I chose the Ocean pool, which allows both on-chain and lightning payments. The lightning payments are Bolt-12, which CoinOs may not support. Alby only recently started supporting them and I still haven't gotten it to work.
I've only had mine for a few months and not always running on high, because it's been hot here, and it's already made back almost 10% of it's fiat cost.
I've only had mine for a few months and not always running on high, because it's been hot here, and it's already made back almost 10% of it's fiat cost.
Are you factoring in the cost of electricity, or just the purchase price of the device?
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With how loosely I was rounding, it doesn't make much difference because the amount of electricity is still small compared to the initial cost.
If I net the electricity cost first, then it's recouped more like 3% of the initial cost.
That's not quite fair though, because it's been heating our basement which was useful heading into winter.
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It’s definitely an involved process to truly evaluate the ROI. I’m sure I’m spending a lot more on electricity but I’ve also got quite a few sats earned now. Certainly not profitable though
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The other thing is that eventually the sats earned will be worth more than the fiat spent, but the real comparison is whether you have more sats than if you had just bought bitcoin (net the heating savings).
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Yea, I’ve definitely seen the fiat value in my mining stack grow a lot. Probably not outpacing if I had just bought corn though
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Thanks a lot. Once bought, what kind of lifetime can I expect without it spoiling? Like a few years? Does it need regular repair or maintenance?
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I'm not sure what the lifetime is, but I think these miners last a long time.
The limiting factor will probably be the hash rate not keeping up with the difficulty adjustment at some point.
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