Bitcoin Mining Profile picture
Oct 7, 2021 11 tweets 4 min read Read on X
1/ As autotuning firmware providers and operators of @slush_pool, we work with miners using every major energy source out there.

Braiins OS+ boosts ASIC efficiency for all miners, but it’s particularly useful for those with unstable energy supplies.

A #MiningInsights thread👇 Image
2/ First, who are these miners with variable energy sources?

Mainly:
+Solar & wind
+Some natgas
+Peak/off-peak PPA’s (Power Purchase Agreements)
+Grid-tied demand response (e.g. ERCOT in Texas)

The question is: how to maximize BTC mined despite rapid changes in available power? Image
3/ We can break down how they do it into 3 points:

1) Minimize downtime (time not hashing)
2) Maximize ASIC efficiency (W/TH -> BTC mined per Watt consumed)
3) Maintain hardware lifespan long-term
4/ Minimizing downtime = hashing as close to 24/7 as possible.

E.g. miners on solar/wind can supplement with grid power or batteries to keep their ASICs online while the primary energy source is unavailable.

This is especially critical right after purchasing ASICs because…
5/ Difficulty trends up over time (5-10%/month usually), decreasing the amount of BTC an ASIC can produce. Downtime in the early days is more costly in BTC terms than downtime 2 years into an ASIC’s lifetime. Image
6/ Supplementing with a secondary energy source can boost mining profitability significantly, even if said energy source is more expensive than the primary.

E.g. 8hrs/day of “free” solar, 16hrs/day of grid power at 8¢/kWh outperforms mining with solar alone by >50% Image
7/ But this part is rather obvious to miners.

More interesting is the ability to granularly optimize based on variable energy prices and amounts. Enter Braiins OS+...
8/ With autotuning, miners can increase hashrate while using the same amount of power, making the 8hrs/day of free solar more profitable.

Even better, they can optimize for efficiency while on more expensive grid power.
9/ By reducing the power consumption of their ASICs when energy is more expensive or less available, miners actually make their rigs more efficient. That means they get more BTC per Watt of energy they consume.

The results of strategic autotuning (right column) are clear. Image
10/ Our article by @dfrumps explains more about these optimizations miners can make and how they can also think long-term to maintain hardware lifespan by reducing thermal cycling.

For those who who want to dive deeper🐇🕳️
braiins.com/blog/optimizat…
End/ Mine smarter not harder.

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More from @BTCMiningInfo

Dec 14, 2021
1/ We recently saw a video made by @_SpaceWarehouse where he built an immersion cooling system for ASIC miners.

We thought it would be useful to summarise the video and help spread his work. His video production quality is top notch.

Let's get into it👇
2/ Disclaimer: @_SpaceWarehouse’s build was a proof of concept. He was on a tight schedule and had to source parts locally. Due to availability, some of the parts he sourced were not adequate.

With that out of the way, let’s get started
3/ What is immersion cooling for ASIC miners?

It’s a method of cooling the ASIC by submerging it in a tank filled with a special dielectric fluid which does not conduct electricity. It can be used instead of a more traditional air cooling system.
Read 22 tweets
Dec 13, 2021
1/ This chart has caused some confusion since we launched the Mining Insights update.

It shows the revenue per terahash for #bitcoin miners in BTC (hashvalue) and USD (hashprice) terms.

It does not show the price of procuring hashrate.

A quick explainer. 👇 Image
2/ First, why is a 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 metric called hash𝘱𝘳𝘪𝘤𝘦?

It's because hashrate is a commodity, albeit a nascent one.

Today, hashprice is measured as the USD earned /TH/day.

In the future, it will be the price buyers are willing to pay to miners for their hashrate.
3/ As markets develop to trade hashrate, hashprice will be foundational.

Buyers will set a hashprice they are willing to pay, and miners will set a hashprice they are willing to sell at.

Futures traders will bet on hashprice going up or down over time. Image
Read 14 tweets
Oct 6, 2021
On Jan 22, 2021 2 miners found a block simultaneously causing a temporary chain split

Mainstream media reported that a “double spend” occurred & bitcoin had a fatal bug. A company called NexTech sold their BTC, missing out on ~$2.3MM in upside

Educate yourself & avoid FUD!
👇
1/ Checkout our latest blog post

Summary:
+Temporary forks occur when miners find blocks simultaneously. This is rare but expected
+Bitcoin is decentralized & designed to align to a single version of the blockchain
+Nodes keep track of bitcoin’s ledger

braiins.com/blog/bitcoin-c…
2/ NexTech sold on the FUD and made a nice $200,000 profit. But if they had held the coins until today, they would have a $2.5 million profit instead.
Read 10 tweets
Aug 26, 2021
1/ The cypherpunk ethos runs deep among many #bitcoin miners.

As mining gets more public attention, some from misinformed politicians, we want to share info on how miners can better protect their hash & privacy.

TLDR: not that simple to get #secretsats but doable. Thread 👇
2/ First thing’s first: 𝗵𝗮𝘀𝗵𝗿𝗮𝘁𝗲 𝗵𝗶𝗷𝗮𝗰𝗸𝗶𝗻𝗴.

If you don’t take any measures to protect your privacy, you’re vulnerable to having your hashrate stolen. And if the attacker is sophisticated, you might not even know about it.
3/ This is because Stratum V1 uses human-readable data transfers, so your ISP or even a nosy neighbor can see that you’re mining based on your activity.

It’s similar to HTTP, where your ISP can see everything you do including entering passwords and payment details.
Read 14 tweets
Aug 5, 2021
1/ There’s growing interest recently in the idea of decentralized mining pools, especially with the possibility of miners & pools being considered “brokers” based on the latest US infrastructure bill.

It seems about time we share our perspective on all of this. A thread👇
1a/ First, for those who missed it, here’s a great thread summarizing the relevant parts of the infrastructure bill.
2/ The core idea of a decentralized mining pool is that there is no custodian of funds. Miners get paid directly from the coinbase transaction and don’t have to trust a 3rd party with their payouts.

This has some pros & cons.
Read 18 tweets

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