Is there a low-cost "mining machine" that does not need to be plugged in?

plugged in miner

In a few days, my mining machine will have to switch jobs , and the ether that I used to mine in the past will be delisted ( can no longer mine) ! I have to change to mine other currencies.

As far as I started writing this article, "The Merge" (Ethereum officially ditched miners and switched to staking nodes for security), nine days and two hours left!

Ethereum, mining machines, miners, and pledge nodes are all professional words that people who have no contact with the blockchain cannot understand.

Ethereum : A blockchain, currently the second largest asset in the blockchain, is a public chain, which is an infrastructure similar to a highway.

Miner : A person who uses the computing power of the mining machine to maintain the security of the Ethereum network, in order to obtain the reward of Ethereum. Miners are like building administrators, keeping the building safe, and the building pays the administrators.

Miners : By calculating and solving problems, those miners who figure out the answer the fastest can share the ether reward.

Pledge node : In the past, miners mined to maintain the security of the Ethernet network, similar to self-employed, requiring a lot of mining machines; after changing to a pledge node, to join the people who divide up the rewards of the Ethernet network, you need to first pledge the ether to the At some points, it feels like the concept that you have to spend money to buy stocks before you have a chance to receive dividends. (I always feel that Ethereum will be targeted by the US Securities Regulatory Bureau sooner or later, a typical raising and killing, currently in the raising stage)

In short, my mining machine is about to be unable to mine Ethereum! Fortunately, the mining airport (that is, a company with a dog ticket mining machine) will always find a way out, so I don’t worry about not having anything to mine, just raise the income of mining. Electricity bills are also high.

Looking back at my mining machine, I bought it in May and spent 155,000 Taiwan dollars ($5,200~2.2 ETH~0.1677 BTC) at that time.

• Bitcoin price 31004 USD/BTC
• Ether price 2344 USD/BTC
• USD 29.76 TWD/USD

In the past few months, the income of the mining machine is as follows. If 80% of the electricity bill is used by the mining machine, then the electricity bill is deducted and the equipment depreciation is amortized for 3 years.

The lower net income in May was because the operation rate was low because the test was still conducted at that time. In July and August, due to the summer electricity price, the excavation was only performed during off-peak hours, so the income was low.

In this way, the monthly net income is only about 200~1000, which is pitiful😱😱😱

At first, it was "bet" that Ethereum changed to POS and it was an empty bullet, but it doesn't seem to be the case now. Basically, my mining machine can only earn back the cost of the mining machine (maybe I can only earn 3A). Masterpiece graphics card), rely on him to make money! Difficult!

It's like the gold rush in the United States when the real money was made by selling jeans and shovels. Although buying a mining machine is equivalent to hiring a miner, but it's not me and I, the golden age of ether mining has long passed!

unplugged miner

In fact, in addition to this physical mining machine, I have several other "mining machines" that do not need to be plugged in.

The so-called mining machine is to invest capital and then earn "coins", and this unplugged mining machine is the so-called grid trading robot , which automatically helps you to place orders through the program and carry out the operation of buying low and selling high.

In the initial stage, capital is still needed, otherwise I cannot trade. I use a BTC-based trading pair, that is, use BTC to buy coins & sell them into BTC, so in the process of grid trading, what I earn is actually BTC ( Bitcoin) [this is super like a mining machine! Invest capital, and earn coins after running] , and the more frequent the transaction, the more BTC you will earn.

Miners (grid robots) can operate in many ways

• Pionex has a good interface and full functions; the disadvantage is that it requires transaction fees
• Binance , has a grid function, but the user interface is very unintuitive! Not easy to get started
• FTX , there is no grid trading, but the function of grid trading can be achieved through the function of quantitative space (FTX's gadget) or by writing your own programs. The point is, if you buy a certain amount of FTT (platform tokens), you can get free transaction fees.

I have tried all three platforms, and Paiwang is indeed the most beautiful and most convenient interface. I also put a bunch of grids on Paiwang, but because the price of the currency fell, the whole set was jailed! It even broke the net (that is, it exceeded the original price boundary that can be bought and sold).

Now, I have created my own grid on FTX, which is convenient~ You can also customize the functions you want, such as daily express, weekly weekly, etc., so that you can use email or LINE without opening the APP. The benefit of the grid can be known.

At present, I have three coin-based grids in FTX, which are trading pairs based on BTC. Through this coin-based grid, the advantage is that you can use coin-based thinking to convince yourself that 1BTC=1BTC, without losing money~ 😂 ; The advantage is that you can hoard coins and wait for the next spring in the currency circle (if it really comes, haha!)

The picture below is my FTT/BTC grid (mining machine) on FTX. He will place a pending order just after the coin price is placed, and will place a new order after the transaction is completed. On the price line chart, the red downward arrow is the selling point, and the green upward arrow is the buying point. In this way, it keeps running back and forth, accumulating the amount of BTC.

At present, the income of the three grids is as follows. From the perspective of the currency standard, it is alright~ But from the US dollar standard (U standard), it is miserable. After all, BTC and other currencies have fallen by more than 50%. That 5~ 15% of the gain, the bottom is over the loss of the fall. However, if those incomes are regarded as dividends, it will be fine, anyway, the coins are still there! This is the power of coin-based thinking! 😁

The FTT/BTC grid was just set up yesterday, so the returns are almost zero!

If you are interested in using FTX grid, you can refer to YK's Simple Investment , which has a program for sharing Google Action Scripts (GAS), change it, and you can run!

Now FTX has an 8% annualized income of $10,000, 10,000*8%/365=$2.19/day=NT$65, a cup of bubble milk tea a day can also be 😂😂😂

If you are interested in using FTX, please use my referral code to register https://ftx.com/referrals#a=34437619

There are also invitation links for Binance and Pai.com, please click to open an account. Use my referral link to open an account and I'll pass on you my experience 😁😁😁😁😁

Binance account opening Pai.com account opening