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2023-12-22 21:37:32

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
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