All About BTC, LTC, ETH mining as well as other alternative crypto currencies
A quick update with a new Windows binary compiled from the latest ccMiner 1.8.3-git fork from tpruvot (source) with some improvement in the LBRY mining performance based on Alexis Provos work and basic implementation of the Veltor algorithm with some other minor fixes. The release below includes two versions of ccMiner, one is 32-bit binary for Windows that is compiled with CUDA 7.5 and with support for Compute 2.0 or newer Nvidia GPUs, and another that is 64-bit Windows binary compiled with CUDA 7.5 for Compute 3.5 or newer Nvidia GPUs. We have tried compiling the 32-bit version of ccminer with CUDA 6.5, but the resulting version did have some issues with LBRY, so we have compiled with 7.5 as well and it worked fine.
We have been playing around and testing the Baikal Mini Miner for a few days now and we are ready to share our first impressions from the device. First off it really works and works well with all of the six supported algorithms – X11, X13, X14, X15, Quark and Qubit. This is the first and only ASIC manufacturer (to our knowledge) to offer a dedicated ASIC miner supporting multiple algorithms (though they are not that different from each other). The device is able to deliver the promised hashrate of about 150 MHS in the different supported algorithms and does it with a low power usage also as promised in the specs. Furthermore thanks to the low power consumption is it really compact and nowhere near as noisy as we are used to get from ASIC miners lately, so the Baikal Mini Miner is actually great for a home crypto currency miner.
We are going to be talking more about exact numbers as well as technical details in a future post about the Baikal Mini Miner. This post covers our initial impressions from the device after a few days of normal mining usage to confirm it is working stable and reliable and it does indeed do that. The build quality and the overall design is probably not the best out there, but it works well and apparently allows for easy stacking up of multiple devices as we’ve seen form the Baikal Quadruple Miner that essentially stacks for of these devices together. Everything about the device looks pretty impressive so far aside from the price, the device is being sold for about $500 USD or 56 DASH coins. So it seems a bit expensive, but it is not when you compare it to the competition in terms of X11 ASIC miners that are less power efficient for the hashrate they provide and end up costing you more for the same hashrate. Not to mention that they only support X11, while this one comes with support for 5 other algorithms, so it is more usable and offers support for significantly more crypto coins.
The Baikal Mini Miner comes with its own mini computer unit similar to a Raspberry Pi that essentially controls the device, so there is no need to actually connect it to a computer for it to work. All you have to do is connect it to your Ethernet LAN network and then open up the web interface for control and monitoring of the device through a browser, the device uses DHCP to get an IP address on your network. The web interface is a modified version of Scripta mining distribution for Raspberry Pi. The default password for the web-interface is baikal and the username and password for the console login are also the same baikal and baikal respectively. You should be able to change them for security reasons of course, though be careful when you change them to note the new passwords for access.
The Scripta mining distribution works stable and really well with the Baikal Miner, it is easy to configure and monitor the device with it. There is a temperature sensor available and it is being reported by the software, though you probably will not be interested much in it as the temperature of the miner is really low. The switching between the 6 supported mining algorithms is as easy as clicking a button after you configure mining pools for each of them of course. The software supports priority based failsafe switching between pools/algorithms. What it could really use however is some sort of automation for profitability based switching between the supported mining algorithms.
Talking about profitability we cannot forget to do some calculation on the actual profitability of using the device as this is the factor that can be decisive in you choosing to get it or not. The Baikal Mini Miner does come with support for 6 mining algorithms, though not of them are really that popular and widely used. For example X11 is quite widespread, but there are already a lot of X11 ASIC miners on the market, yet it is still often the most profitable one to mine. Other such as X14 and X15 were never that popular, so unless there are some new coins coming out using them there are probably not that much worth mining (they use more power). Mining Quark and Qubit can also do you some good profit if you manage to catch something good. So for actual profit you will probably have to go looking for new coins or for trending ones and risk a bit more and mine them.
If you decide to go the safer way and just sell your hasrate on a service such as NiceHash for example you will have a bit more stable and reliable profit in Bitcoin, but it might not be as high as if you can get by mining the right coins at the right time. Based on our experience using NiceHash with the Baikal Mini Miner we can say that you can expect to get something like 0.0034 BTC per day with the more profitable algorithms. That is like $2.08 USD a day, fortunately the power used by the device is really very little and the cost is not much, something like up to 1 kWh per day. So making let us say $2 USD per day and $60 USD per month it would take you more than 8 months to get enough to cover the cost of the miner. Not that much, but not that little time for the crypto currency world either, and that is only if the current conditions remain for the duration of the next 8 months. Of course you can also risk it and try to get more profit than using the more safer way, though in the end the result might be either better or worse. It is up to you to decide…
Today, Genesis Mining announced the release of sgminer-gm – an AMD GPU miner with support for the Ethereum network. Developed in cooperation with Wolf0, sgminer-gm incorporates the best of cgminer and sgminer in one easy-to-use package, and adds a long-awaited feature: stratum support for Ethereum (ETH), though you will be able to use the miner for other crypto currencies using the Ethash algorithm as well. All other Ethereum miners so far were custom and not based on the cgminer/sgminer functionality and now you will be able to work with the familiar feature set that sgminer comes with, including the API available for integrating support in other software for monitoring of your mining rigs for example.
Sgminer-gm can be compiled from the official Github repository (source); Windows executables are available for 32-bit and 64-bit operating systems; and a compiled Ubuntu binary. A sample configuration is provided for users, just make sure you set the mining pool and wallet/worker address in the sgminer.conf file before running the miner! Feel free to give the miner a try and then also report if you are having any trouble running it or what hashrate are you getting mining Ethereum and on what AMD GPUs.
Founded in 2013, Hong-Kong based Genesis Mining has become a world leader in providing hosted hashpower for cryptocurrency. In November 2015, a nationwide awareness campaign was launched in San Francisco, Chicago, Miami and LA by Genesis Mining, which highlighted the benefits of using Bitcoin. In March 2016, the company launched the Logos Fund: a private fund dedicated to investing into a wide range of Bitcoin-related businesses.