Techengineer21 on Nostr: Dynamic #Bitcoin miner scaling based on Hash Price: Hash Price has risen ...
Dynamic #Bitcoin miner scaling based on Hash Price:
Hash Price has risen significantly in the last few months making mining profitable at lower efficiencies.
Here's how I used @LincoinMining to automatically adjust miner power based on current hash price.
First you want to determine your specific breakeven hash price of your miners. This is a function of your electric rate and the efficiency of your miners. In this scenario I have a Whatsminer m30s++ 110T (31W/T) and a m31s+ 80T (43W/T)
The rough calculation equation is:
BreakEven HashPrice = Miner Daily Consumption (KW) / Electric Cost ($/KWh) / Miner TH
Next, set up rails in Lincoin mining dashboard that use Hash Price as a signal.
Apply the rail to your miner and it will automatically adjust!
Widespread use of dynamic scaling is good for the #Bitcoin network. Overall it will help to smooth out short term spikes in transaction processing in between 2 week Difficulty adjustment periods. Miners are naturally incentivized to increase hash during brief periods of demand
Hash Price has risen significantly in the last few months making mining profitable at lower efficiencies.
Here's how I used @LincoinMining to automatically adjust miner power based on current hash price.
First you want to determine your specific breakeven hash price of your miners. This is a function of your electric rate and the efficiency of your miners. In this scenario I have a Whatsminer m30s++ 110T (31W/T) and a m31s+ 80T (43W/T)
The rough calculation equation is:
BreakEven HashPrice = Miner Daily Consumption (KW) / Electric Cost ($/KWh) / Miner TH
Next, set up rails in Lincoin mining dashboard that use Hash Price as a signal.
Apply the rail to your miner and it will automatically adjust!
Widespread use of dynamic scaling is good for the #Bitcoin network. Overall it will help to smooth out short term spikes in transaction processing in between 2 week Difficulty adjustment periods. Miners are naturally incentivized to increase hash during brief periods of demand