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36 sats \ 0 replies \ @Solomonsatoshi 1h \ parent \ on: My Impressions Of The Canaan Avalon 3S Miner bitcoin_Mining
No I will try to write something up about the offgrid system this week...its fairly basic but does the job and keeps the fridge freezer going 24/7 so that's the main thing. But I cannot see how you can make it even remotely economic if only using for Bitcoin mining.
Hydro if you were lucky enough to have a steady flow waterway would be the ultimate as you have constant power and can match and maximise the potential of the miners. We are always up against the devaluation of the miners as faster more efficient competitors come online. Your Nano3S 6TB being significantly more efficient than my 4TB Nano3 when the Nano3 was new only a few months ago.
Yes to support the Nano3S on full power 24/7 you would need a fairly decent solar setup.
I struggle to power my Nano3 on low power 24/7 (70 watts/2.2TB) using the 600 watt PV 200ah/24v/4.8kwh lifepo4 battery system that otherwise provides all our offgrid electric needs (fridge-freezer, lights, internet etc) cooking is on gas and woodstove.
The solar setup cost about ~ USD$1700.
So just is not economic/viable to home mine using solar unless you need the solar setup anyway...or only mine when the sun shines.
Unfortunately with halvings (and likely increased competition) set to reduce projected payouts/TH over time that 8 years estimate is probably going to be an ever receding horizon- you just must buy more miners to ever reach payout!- or set up LN payouts , or go for the big long odds full block jackpot win as a solo miner.
Brains give a constant estimate of sats/day/TH and it has declined over time as more miners join the competition for sats.
The ease of setting up LN payouts on Braiins is an advantage over Ocean although Ocean appear to be more aligned with fighting the man.
Nearly all of Indias GDP growth is internal consumption, not exports.
India was just ahead of Poland and behind Vietnam in terms of traded goods as of 2021-
GDP includes financialised services and domestic consumption and so it is interesting to compare with traded goods...to gauge success in terms of international competitiveness and trade surplus generation.
That is where Chinas incredible growth and now undeniable leadership in manufactured exports can be seen.
China has won the trade war and now Trump is ceding territory seized by Chinas military proxy Russia- just the start of a redrawing of global power dynamics and resource hegemony.
Here's the WSJ opinion piece, definitely food for thought-
'With his first weeks back in office, and especially after Friday’s Oval Office brawling with Ukraine’s president, it’s clear President Trump has designs for a new world order. Perhaps he could share this vision with the country when he addresses Congress on Tuesday.
The conventional view of Mr. Trump is that he’s above all transactional. He wants deals, at home and abroad, that he can sell as great successes. But the way his second term is unfolding, this may undersell his ambition. Mr. Trump’s strategy seems to be moving toward that of Tucker Carlson and JD Vance, who view America as in decline and no longer able to lead or defend the West.
It seems clear that Mr. Trump wants to wash his hands of Ukraine. “You’re either going to make a deal, or we’re out,” Mr. Trump ordered Volodymyr Zelensky on Friday. This will embolden Vladimir Putin to insist on even harsher terms for a cease-fire deal. Mr. Trump seems mainly concerned with rehabilitating Mr. Putin in world councils, such as the G-7. He wants an early summit with the Russian, though Mr. Putin has made no concessions on Ukraine or anything else.
While he solicits Moscow, Mr. Trump is hammering traditional U.S. friends. He plans 25% tariffs on Canada and Mexico, in violation of his own USMCA trade deal, and his defense secretary has threatened to invade Mexico to pursue drug cartels. He wants to hit Western Europe with heavy tariffs on its autos, and slap reciprocal tariffs on the rest of the trading world.
These tariffs are harsher than those he has put on China. He is clearly courting Xi Jinping, the Communist Party boss, calling him a great leader and talking about a new mutual understanding. He has shown no similar interest in defending Taiwan, and he has said in the past that China can easily dominate the island democracy in a conflict. Watching Mr. Trump and Ukraine, the leaders of Taiwan and Japan should be deeply worried.
Meanwhile in the Americas, Mr. Trump has demanded control over the Panama Canal, which the U.S. ceded by treaty in 1999. And he wants Denmark to sell Greenland to the U.S. These moves taken together hint at a worldview that has long been the goal of American isolationists: Let China dominate the Pacific, Russia dominate Europe, and the U.S. the Americas. The Middle East would presumably remain a region of contention, a least until Mr. Trump does a nuclear deal with Iran.
All of this would amount to an epochal return to the world of great power competition and balance of power that prevailed before World War II. It’s less a brave new world than a reversion to a dangerous old one.
Mr. Trump hasn’t articulated this, but some of the intellectuals surrounding him have. Elbridge Colby, nominated for the chief strategy post at the Pentagon, has argued that the U.S. must leave Europe and the Middle East to their own devices to focus on the Asia-Pacific. But Mr. Colby has also said that South Korea might have to fend for itself, and he said in a letter to us last year that “Taiwan isn’t itself of existential importance to America.”
Mr. Vance is the most vigorous promoter of the abandon Ukraine strategy, arguing that the war with Russia is little more than an ethnic dispute. Ross Douthat, the New York Times columnist who has become Mr. Vance’s Boswell, says the Vice President and President are merely “stripping away foreign policy illusions.” He says they believe America is “overstretched” and needs to “recalibrate and retrench.”
Yet that isn’t what either leader is saying openly. Mr. Trump says he is making America great again, not retreating from the defense of freedom. He says he wants “peace,” but is it peace with honor, or the peace of the grave for Ukraine and accommodation to Chinese domination in the Pacific? And why isn’t he increasing defense spending?
If Messrs. Trump and Vance really are “stripping away” illusions, why not have the courage to say what those illusions are? Perhaps it’s because such retreat might not be as popular as vague promises of peace. And perhaps because American retreat might not be as peaceful as they think.
If Russia drives peace on its terms in Ukraine, look for Russia to invade elsewhere in the future and other stronger states to grab territory from their neighbors. Look for America’s allies to seek new trading and security relationships that don’t rely on the U.S. and might conflict with U.S. interests. Japan will have little choice but to become a nuclear power to deter China, and there will be others.
As Charles Krauthammer famously said, decline is a choice. Mr. Trump has an obligation to tell Americans what new order he thinks he is building. Then we can have a debate about his intentions and its consequences. Tuesday night would be a good moment to make his ambitions clear.'
It is hard to make sense of what Trump is doing except that he seems to be a master of using shock tactics and confusion to disrupt convention.
Maybe there is method to his apparent madness.
What I could read of the WSJ article does ring true.
Trump acknowledging the declining viability of global US hegemony and doing deals with China and Russia to arrange a new global power structure where perhaps the US can preserve some of what is at stake because seeking to preserve everything is no longer viable.
Such an approach might make a Bitcoin/crypto reserve logical at the same time as seeking to continue with USD/SWIFT trade payments hegemony as long as possible.
There may be a market for using crypto/Bitcoin for trade payments as an alternative to both USD and Yuan.
At least Bitcoin is genuinely neutral and many nations are going to be reluctant to switch directly to Chinese CBDC Yuan.
Putting on my hopium hat - perhaps Bitcoin could emerge as a neutral means of exchange protocol in an increasingly multi-polar and divided world.
A dominant and therefore confident society will tolerate and listen to different viewpoints and may allow immigrants without feeling threatened but if decline starts then recent arrivals will be the first to be scapegoated as Trump does so cleverly.
However defeated nations tend to be much more protective of their cultural integrity- Japan and China since WW2 have been very reluctant to accept immigrants more than necessary.
If/when war comes and you have as the west does today a very diverse population it can be a major problem - as Muslim communities experienced post twin towers, as Asian and other immigrant communities are feeling increasingly in the west as the west struggles with its declining power.
Immigrants are not to blame for seeking a better life and often contributing a lot to the economy and culture- but when/if war looms they are not inherently as aligned to the united sense of purpose that is required.
You are right in that the west has always absorbed other cultures and taken from them as it has expanded- look at English language- a true mongrel of so many different sources to be sure!
And new people bring new vigour and ideas to a culture- but they do also erode its cultural unity- something that the west seems to no longer have.
There is not a lot of coverage of Chinas alternate payments because much of this is routing payments in avoidance of SWIFT/US sanctions but there are occasional mentions of it and it appears to be centred/built upon Hong Kongs pivotal role in the global banking system and since Chinas resumption of sovereignty there a lot of CCP members are found working at the likes of HSBC!
There is a more available about the Chinese CBDC which is known to be operational and designed specifically to be an alternative to SWIFT, (Chinas (and BRICS more generally) strong belief that an alternative is required is no secret) but yes, the use of these new channels is not greatly publicised as the payments are in shadow markets where avoiding SWIFT sanctions is the purpose- Iran has continued to function economically by selling oil to China via shadow fleets and recieving payment via shadow banking/payments for well over a decade- and now Russia selling most of its gas and much of its oil to China and again maintaining the ability to source manufactured goods in return- Chinas manufacturing base is sufficient to provision both Iran and Russia and support their economy and derivative military capability despite US/SWIFT sanctions- without China in the picture those sanctions would have been much more effective.
N.Koreas breaching of US sanctions via China has been even longer standing- the lorries moving goods over the border, after dark, for decades.
Other nations are surely noticing that now, being sanctioned from SWIFT is not economic collapse - as long as you have some commodities China wants...they can supply you with most of the manufactured goods required for a functional economy.
In fact very few economies could now function optimally without Chinese supply chains feeding into their economies.
Domination of trade payments/banking logically goes with domination in trade itself- and China now dominates global trade- so while US power is now hugely reliant upon its legacy USD/SWIFT/IMF hegemony, its a sensitive subject and why Trump threatens 100% tariffs on anyone breaking rank.
China could achieve a bloodless coup where the dollar collapses and Yuan becomes the dominant currency of trade.
Hopefully Bitcoin can be used for more international trade but such a change would require a radical change in the power dynamics where in the west banks hold our governments over a barrel of debt and China seems unlikely to allow/enable Bitcoin trade payments, even though such a move would overcome some of the resistance there is and will be to China controlling trade payments in a manner similar to how US does now.
There may be be a secondary role for Bitcoin in nations and individuals seeking to avoid both USD in its decline and Chinese Yuan/CBDC in its rise.
600 hundred years ago China was the most advanced, wealthy and stable civilisation on earth. But it had become complacent in its position and had inherent weaknesses and vulnerabilities including its insular nature and reluctance to engage with the outside world any more than necessary.
The west rose up from its Greek and Roman models and with the emergence of science led in the development of modern technology and thus came to dominate the planet and its resources. The wests expansion was a bold and confident expansion where new technology and subsequent economic and military superiority were employed to gain resource hegemony over all other cultures.
China was the only major culture not completely subjugated by Europe (it was simply too big and culturally alien for any one imperialist to take on) - although humiliated by the Opium wars and subsequent death by a thousand cuts economic pillaging of China by most western powers and last but not least, Japan.
Eventually China responded to the challenge- initially with its version of Communism under Mao, gaining nuclear weapons via Russia and thus gaining a fragile but cherished ability to build its future based on its own design rather than being patronised by duplicitious western 'aid and development' agendas...which were inevitably means of securing ongoing capture and control of resources.
Since Mao built the base of national security and to some extent smashed some of the cultural traditions which had held China back, Deng moved forward developing a more outward looking mixed economy where private enterprise is limited but combined with state strategic development- where fiat banking is used to direct capital toward productive purposes as the west once did but abandoned in the 1980s under neoliberalism.
China has quietly mastered the process of reverse engineering western productive technology.
China has emerged as a hugely successful productive mercantile economy now dominating the planets markets in manufactured goods and commodities.
China has already won the trade war.
Chinas politburo are composed mostly of trained engineers- building an empire of productive infrastructure.
What is logically required next is for it to build the global structure of empire, institutions and protocols, to secure continued wealth and security.
Britain first bombarded China with cannons but the lasting control was achieved viua the banks in Hong Kong.
China is reverse engineering international trade payments via Hong Kong and its CBDC.
It now enables trade payments outside of IMF/SWIFT/USD channels thus providing trade payments capacity for N.Korea, Iran and Russia despite SWIFT sanctions.
In the west governments have been captured by parasitic corporate banker lobbyists who have created crony capitalism where fiat money is misused for non productive speculative asset price speculation.
Elon Musk is an exception in modern capitalism in that at least he builds things, but the modern western financialised economy has most rewarded non productive speculation.
China has used its natural advantages- size and scale and (near) unity of cultural identity- as the west employed immigration to boost consumption it also diluted its cultural identity and sense of purpose.
The west is now an over leveraged, increasingly divided, crony capitalist empire in decline.
Its democracies are not functional as corporate lobbyists dominate the narrative and media.
China looks like it may have global leadership handed to it by Trump and his abandoning of US allies.
There will be many twists and turns in this process yet, but it is hard to see the process now reversing and the west somehow regaining the unity of purpose and belief in itself that it once had, but that China now does have.
Good to know if it can be accessed this way with the S3 as I was looking at the S3 recently and assumed it would be the same.
Much prefer the webpage access, (have never used the ap)
Essential as using only Linux laptop.
Assuming it is similar to the Nano3 have you tried logging in via the webpage interface rather than via the ap?
On my one you start with webpage address 192.168.168.168 then login the miner to your network- from there you login to the miners address on your network (in my case 192.168.8.103 (the last three digits changes sometimes depending on what other devices are using the network router)) and then you have overview and settings...think Ive seen something about firmware update in there but never tried it on the Nano3.
The alternative is to have a stash of un kyced sats for spending.
Governments do not want Bitcoin used as a MoE competitor to their fiat monetary hegemony - this is why they will not remove the tax obstruction to use of Bitcoin as a Payments Protocol.
Don't wait for the government to enable Bitcoins payments convenience via fairer taxation treatment - they will not do it.
I have the 4tb Nano3 Canaan miner- it was good value at USD$99 but they stopped selling the Nano3 and now they sell the 6tb Nano3S at USD$249 - not such good value imo though maybe more efficient.
The Nano3 is very quiet on the lower 2.2tb setting- quite noisy on the highest setting.
https://www.canaan.io/avalonhome
The rest of the world with the exception of Libya, Yemen and Iran have all ratified the Paris Accord.
In doing so the vast majority of nations have at the very least recognised the problem and the need for the world to work together and to start acting upon addressing it.
China is the major global supplier of all the energy efficiency-GHG reduction technologies I mentioned because it produces them more efficiently at a lower cost than any other producer. EVs, LED bulbs, PV panels and hydro generation are all already highly adopted globally in large part due to Chinas deliberate strategy and ability to mass produce them and export at lower cost than any other economy can.
You need to deal with reality and stop being an ignorant troll.
The USA is the only major nation to ABANDON AND RENEGE on its participation in the Paris Accord.
This is Trump and the USA saying Fuck You to the rest of the world.
Have you heard of the Paris Accord?
That is was the global agreement which every country except Libya, Iran, Yemen and now the USA, has agreed to reduce GHG emissions.
China and India have signed the accord. China is the world leader in energy efficiency having adopted a national strategy in 2005 simply based on the pure economic advantages of reducing reliance upon imported energy and improving energy efficiency. Most LED light bulbs are made in China, as are PV solar panels, EVs, Lithium batteries windmills and hydro plants.
Since the 1990s at least western industrial production has moved to China so China does now produce more GHG than any other nation, but that is due to the massive size of its productive manufacturing economy.
Per capita GHG emissions in China and India are still far lower than the US. It is vital that nations like China and India have signed the Paris Accord and recognise the need for all nations and people to work together to reduce GHG emissions.
While the accord is not binding and probably does not achieve as much as what is required to prevent serious problems continuing to develop it did achieve significant global agreement- until Donald Trump trashed it by abandoning it...going against the global scientific consensus and the hard won international agreement that was the Paris Accord.
The worlds most powerful nation and major GHG emitter left a fragile but significant global consensus agreement to deal with a major global problem.
With the US led by Trump abandoning the agreement that is a major GHG emitting nation abandoning the rest of the world who have agree this problem needs to be recognised and addressed.
Trumps reneging on the agreement set the possibility of dealing with this problem via consensus globally back hugely and shows the Trump led USA does not give a fuck about anyone else except the USA.
If in genuine poverty you are unlikely to be stacking sats but rather earning them and very swiftly then spending them on the essentials of life.
A good 'hot' wallet can be a lot more secure than fiat cash.
Cold storage for those who want/need it is essentially free and does not require the highly hyped third party HW gadgets western Bitcoin stackers often to use.
https://electrum.readthedocs.io/en/latest/coldstorage.html
Removing taxation on Capital Gains benefits the wealthy far more than the poor.
Taxing everyday consumption via sales tax and tariffs impacts the poor far more than the rich.
Much higher sales taxes increases the incentive for businesses and consumers to make cash sales to avoid them.
Sales taxes are a tax on value added- ie a tax on productive enterprise.