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Introducing Minorpool.pro: The New Mining Pool for Meowcoin
Today’s video is sponsored by minorpool.pro. Out with the old in with the new, minorpool.org is now minorpool.pro. With the new name comes a brand new mining pool. Minorpool.pro is excited to announce the launch of their brand new pool for meowcoin, with stratum support for Asia, Europe, U.S East, and finally U.S West servers. Finally, we can’t forget about the new loyalty program by minorpool.pro to earn additional meowcoins for your uptime. Go check out minorpool.pro’s new meowcoin pool today.
Powering Down GPU Rigs amid High Electricity Costs
Unfortunately, today is a sad day for hobbyist crypto miners as the amount of electric being used is just too high, forcing them to power down their GPU rigs. It has reached the point where the electricity bill has become too expensive to bear, especially during a bear market. When the market recovers, and the electric expenses are under control, it might be a conducive time to resume full-scale mining operations.
Current Running Rigs and Plans for the Future
While several GPU rigs are being powered down, a few will remain operational as they are more efficient and profitable. These include the L3 Plus Plus, S19J Pro, and the Scarlet Witch rig consisting of 3 3070s mining for Flux and parallel assets. Additionally, several Gold Shell Mini ASICs have been moved inside the house to heat the rooms during the winter.
The Bitcoin Cannon’s S19J Pro has been taken out of the shed and placed on a shelf indoors, and the shutter fans will be upgraded to AC Infinity Bluetooth fan controllers for easy remote temperature control.
What Needs to Happen to Power Everything Back Up?
For miners to consider powering up their GPU rigs again, the market needs to recover, and electric expenses need to be under control. This might take a month, six months, or even a year – it is uncertain at this point. However, it is crucial to be prepared for when the right time comes to resume full-scale mining operations.
During this period, hobbyist miners can still continue building their cryptocurrency wallets slowly by targeting specific coins or running efficient rigs. One example is using unminable to mine Ethereum Classic and get paid out in Ravencoin.
Continuing to Create Content and Adapt to the Market Conditions
Despite powering down most GPU rigs, hobbyist miners can continue creating content and sharing their mining experiences with the community. This may involve acquiring new hardware, trying out different mining methods, and exploring various cryptocurrencies.
They can also accumulate mini box miners like the CONTAINER Pro Miner and provide some heat for their homes during the winter. Slowly building their cryptocurrency wallet while adjusting to the market conditions is a pragmatic approach for hobbyist miners during these uncertain times.
While it might be disheartening to power down GPU rigs due to high electricity costs and a bear market, it is essential to adapt and find ways to keep mining profitable and sustainable. Keeping a few efficient rigs running, exploring different cryptocurrencies, and sharing experiences with the community can help miners navigate this challenging period.
Leave your thoughts and experiences in the comments below, and don’t forget to like and subscribe to stay updated on the future of hobbyist crypto mining.