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The ipolo V1 Mini SE: A Detailed Review and Tutorial
The ipolo V1 Mini SE, one of the newest ASIC miners on the market, has been catching the attention of many crypto miners. But in today’s in-depth review, we’re taking a detour. Instead of mining the popular Ethereum Classic, we’re diving into the world of alternative crypto mining.
The ipolo Giveaway
This article would not be complete without mentioning the exciting ipolo giveaway. In collaboration with the ipolo team, we’re offering a $200 discount code, redeemable on the ipolo website. For details and how to enter, refer to the link in the description below the corresponding video.
Unboxing The ipolo V1 Mini SE
In the compact and sleek packaging of the ipolo V1 Mini SE, you will find the miner and an antenna for wireless connections, ideal for those who prefer a clutter-free mining setup.
The ipolo Miner Details
Looking at the miner, it’s immediately noticeable that ipolo has taken the approach of explicit transparency, displaying the miner’s key specifications on the exterior. These include its memory size (6 gigabytes, with a maximum Directed Acyclic Graph (DAG) size of 5.8 gigabytes), Ethernet plug, wireless antenna, and varying inputs and buttons.
The key highlight of the ipolo V1 Mini SE is its impressive hash rate – 200 Mh/s, plus or minus 10%, while consuming a mere 130 Watts. The inbuilt efficiency of this unit, even in its compact size, makes it a desirable piece of equipment for any crypto miner.
Setting Up The Miner
Setting up the ipolo V1 Mini SE is user-friendly and straightforward. Following the installation of the wireless antenna, we connected the provided power brick, then immediately deployed the miner using an Ethernet cable for initial testing before switching to wireless. Worth noting is the instant operation of the ipolo miner upon plugging, indicated by the immediate airflow from the exhaust side.
Looking at The Dashboard
Moving to the dashboard, the User Interface (UI) is intuitive and provides comprehensive controls and statistics about the miner. As a result, we configured a static IP address for both wired and wireless connections, ensuring a stable, uninterrupted operation.
Ethereum Classic Mining
By default, the miner can mine Ethereum Classic out of the box. However, as mentioned earlier, our focus is speculatively mining another type of cryptocurrency.
Undoubtedly, Ethereum’s move to Proof-of-Stake mining has left many miners wondering where to shift their focus. In today’s experiment, we’re testing the mining of the project eth-POW on the ipolo V1 Mini SE, albeit with reservations about the cryptocurrency project.
By running the ipolo on eth-POW, we’re offering this project a chance and building our collection of eth-POW tokens. Given the super efficiency of the ipolo in a bear market, this seems like a timely experiment.
Profitability and Liquidation
Looking at profitability, earning in eth-POW equates to around 30 cents daily using our test configuration. However, with speculative mining, immediate liquidation may not be an expectation.
Fortunately, platforms such as Kucoin allow for liquidation of the mined eth-POW into USDT. Ideally, the inclusion of eth-POW to Bitcoin conversion would have provided more flexibility.
Setting Up the Miner for eth-POW Mining
For those interested in replicating our setup, detailed guides are available for setting up an ew wallet using MetaMask and mining ew on Hive OS or Windows.
After successfully configuring an eth-POW wallet, the next step is determining a pool to mine from. In our test, we’ve selected two miners, a pool that provides sufficient information and server availability for mining eth-POW.
Initially, the ipolo V1 Mini SE required some patience to configure due to the extended loading times. However, after setup, it has consistently provided a hash rate of around 200 Mh/s.
These figures align with the advertised power consumption of 130 Watts, making this miner highly efficient. When it comes to payouts, the miner has been steadily earning eth-POW, building up towards the minimum payout threshold.
Price Volatility and Speculation
As with any mining venture, speculations about price volatility are inevitable. At the time of recording, the price of ethw was 11.41, having recently seen highs of over 51.35. Whether the price will go back up or continue its decline remains up for speculation.
The ipolo V1 Mini SE proved to be a reliable and efficient miner during our test run. By stepping away from the more common Ethereum Classic, we explored alternative perspectives of crypto mining through our experimentation with eth-POW.
Whether you’re speculatively mining or focusing on established cryptocurrencies, the ipolo V1 Mini SE is well worth the consideration. Don’t forget to check out our ongoing giveaway for the chance to win a $200 ipolo discount code. Happy mining!
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