GPU mining profitability drastically fell just one day following the Ethereum merger, in which cryptocurrencies successfully converted from Proof of Work (PoW) to Proof of Stake (PoS). This implies that the greatest video cards should be able to return to their rightful spot - in your gaming PC. That's a rapid drop, given that a few cryptocurrencies were still theoretically lucrative yesterday.
Despite this, mining continues to exist and develop. Only the rules of the game have changed. Now those who accept them will be able to successfully exist in this business. Throughout this article, we'll discuss what you should do to improve the productivity and profitability of your mining farm.
Step one. Keep everything under control.
We're talking about remote monitoring systems for farm performance and condition, also known as AMS. There are many variants on the market, but one of the most relevant is BiXBiT AMS, which has all the necessary features to control the farm from any location.
Bug-Bounty announcement
Bixbit has combined two directions in developing a Bounty program. This is a referral scheme as well as a program for earning points for finding faults. You can win good prizes while testing new AMS. All you need to do is register on the bounty website, download BiXBiT firmware and log in to your AMS account. Send a text or video review with suggestions on what to improve or with found bugs & issues.
WHAT EXACTLY IS IMMERSION COOLING?
This is a new method for cooling mining machines without sacrificing earnings. Immersion cooling is the process of totally immersing the mining equipment in a thermally conductive liquid with better insulating qualities than ordinary air.
*WHAT ARE THE ADVANTAGES OF A SUBMERSIBLE SYSTEM COMPARED TO A FAN SYSTEM? *
Immersion cooling methods are more efficient than air cooling for a variety of reasons. They are as follows:
Increased Hashrate. It is impossible to overestimate the relevance of hash rates in bitcoin mining. However, air cooling frequently entails the installation of ventilation fans, which lower the hash rate. Immersion cooling produces a huge improvement in hash rate ranging from 25-55% for various mining equipment by eliminating fans and replacing them with immersion gear. Furthermore, the absence of fans or air handling means that less energy is wasted.
Increased Equipment Lifetime. Miners are constantly seeking innovative ways to increase and maintain the life of mining equipment. Furthermore, in Air crypto mining farms, airborne particles are pulled into the heatsinks of each ASIC, leading to overheating and a short lifespan.
Reduced noise & dust pollution. As the miner accomplishes more work, the heat and noise levels in traditional air-cooled mining rigs climb. Immersion cooling bitcoin miners, on the other hand, provide complete noise suppression.
Lower maintenance costs. Even though air-cooled containers are less expensive, the operational costs quickly make them unprofitable. On the other hand, immersion cooling has the lowest long-term operating costs.
Step 3. Use high-quality firmware for ASICS.
ASIC firmware improves miner chip performance, raising hash rates by up to 40%. Depending on the device model, DevFee ranges from 1.8% to 2.8% of total hash rate. BiXBiT alternative firmware for various ASIC versions, as well as thorough instructions and answers to commonly requested questions, may be found here.
If you are using Antminer or Whatsminer, you should pay attention to the custom firmware from BiXBiT. The users of these firmwares get:
- Easy installation;
- Hotel fee;
- GPU downvolting;
- Proxy server;
- Immersion cooling.
Conclusion. Is it possible to run a profitable mining farm now?
The changing rules of the game have forced many to say goodbye to their mining farms. Moreover, creating their own individual farms with good returns has become much more difficult. However, if one observes the above principles, using high-quality hardware and software, everyone will have the opportunity to improve the efficiency of their current farm or create a new, profitable one.
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