Best Bit Hours

Carole Stephens
• Thursday, 10 December, 2020
• 11 min read

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Last Updated: 20th March 2020 13:20 IST Amidst the growing worry over the novel Coronavirus, several stores are taking safety precautions for its employees and customers. It was recently revealed that the Best Buy hours will be cut down to half a day.

According to the update on their website, the Best Buy new store hours will be from 10 am to 6 pm. As the health departments and governments have asked people to keep social distancing due to the same, they will be allowing a few customers at a time.

They will make sure that the distance between the employee and the customer will be a minimum of 6 feet. Whether it’s online or in the brick and mortar tack shop, looking up at a great big bit wall can be a little overwhelming.

The good news is, there’s an easy way to break “horse batting” down so that it doesn't have to be so difficult. A curb bit does the same thing but allows the rider to covey far more complex and nuanced directions to the horse via the “shanks”, which act as levers that can pull down on the bridle crown, put pressure on the top of the horse’s head, and pull the curb chain or strap forward against the horse's chin.

Curb bits vary widely according to shank and mouthpiece design, but there are two main categories -- Western and English. These pertain to the two types of horse riding: western riding, which uses looser reins controlled at the neck with a single hand, and English riding, which uses both hands to control the reins at the mouth of the horse.

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Western curb bits usually have gentle ports (the upwardly curved center of the mouthpiece). Two common types of English curb bits are the Weymouth, which has straight shanks and a low port, and the Liverpool bit, which has several rein-attachment slots that provide a choice of leverage power and severity.

Snaffle bits create direct pressure on the mouth without leverage. One of the most common types of snaffle bit is the egg butt, which is considered to be the gentlest type of snaffle bit because it doesn’t pinch the corners of the horse's mouth.

However, there are a few general best practices you can follow that will set you up for success and allow you to avoid multiple trips to the tack shop. For this reason, most riders opt to start with a snaffle bit and then move on to a curb bit if needed or as they get more riding experience.

If you are in touch with the previous owner or have a way of getting in touch with them, ask which type of horse bit they were using, for which type of riding, and how the horse responded. Outside verbal commands and touch, a bit is one of the most important communication tools in your relationship with your horse.

You may not have invested enough time in learning how to handle and communicate with a horse. Before you can effectively use a bit, you need to be able to control your horse without one using only a saddle and reins.

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Graphic cards were then surpassed by ASICs (Application Specific Integrated Circuits). Input your expected electricity price and the hash rate of the miner for an estimate.

The Bitcoin price and the total network hash rate are the two main factors that will affect your profitability. Our calculator is more accurate than most others because ours assumes the 0.4527678% daily increase in network hash rate.

Most other calculators do NOT include this metric which makes mining appear way more profitable than it actually is. The Bitcoin price is increasing at an average of 0.3403% per day over the past year.

There are some important factors to look at when determining which Bitcoin mining ASIC to buy: If you’re a hobby miner who wants to buy a couple rigs for your house, eBay and Amazon both have some decent deals on mining hardware.

eBay’s customer protection ensures you’ll get a working product. Most mining hardware appears profitable until electricity costs are accounted for.

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The best way to determine actual profitability is to figure out your electricity cost per hash. Good Bitcoin mining hardware needs to have a high hash rate.

An efficient Bitcoin miner means that you pay less in electricity costs per hash. To improve your efficiency, there are also companies that will let you order hardware to their warehouse and run the miners for you.

Bitcoin is based on blockchain technology, a decentralized platform which takes power away from a central authority and gives it to the average person. Sensitive information is stored on the blockchain rather than large data centers, and is cryptographically secured.

A vast amount of people, known as miners, all work together to validate the network, instead of just one person or government. In the beginning, CPU s were used to solve cryptographic hash functions, until miners discovered that GPU s were far better equipped for mining.

Some GPUs were made solely for mining Bitcoin, as you can see demonstrated in the video below: Eventually, technology was developed solely for mining, known as ASICs, or Application Specific Integrated Circuits.

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ASIC developers, including Bit main, granted early access to large mining cartels rather than the average person. Nowadays, a large majority of Bitcoin mining takes place in China where electricity is cheap.

Bit main’s Antoine S7 has proven so popular since its release in mid-2015 that it’s now reached its 19th batch of production. If you view any modern industrial mining operation, chances are you’ll see racks of Antoine S7s hashing away.

The S7 is also a popular choice among hobbyist miners for its reasonable price and strong performance. The strong metal casing features a tongue and groove system which allows for the neat arrangement of multiple miners.

Although not cheap at $140 plus shipping, the APW3 is a good choice in terms of future upgradability as it can also run the power-hungry Antoine S9. As the S7-LN only draws about 700W, this PSU has excess capacity even when overclocking the unit above its default 600M frequency.

While an integral PSU makes for a compact and convenient miner, there are few other reasons to recommend such a setup. These prices can be expected to fall further as the S9 and other superior mining hardware becomes the new standard.

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It’s also possible to buy modded S7 with upgraded efficiency and diminished noise and heat levels. With Difficulty rising and the halving of block rewards imminent, the S7 is reaching the end of its profitability for those without access to cheap power… although if Bitcoin’s exchange rate rises sufficiently, the S7’s profitability may well be extended beyond expectations.

Naturally, the hotter the environment, the more energy the fan(s) will consume to cool the unit. The S7 is twice as efficient as the S5 at converting all this energy into bitcoins; it requires a modest 0.25 Joules of power per Gilgamesh.

Both S7’s have DHCP capability, meaning they’ll automatically seek out an IP address to use. Keeping the room in which they’re placed cool and dry will extend the life of these miners.

If you hope to make profit but can’t wait for the S9 (or other forthcoming miners from different companies) to become affordable, the S7 is likely your best option. With access to inexpensive power and perhaps some intelligent tweaking, it’s possible that the S7 will pay for itself and become profitable.

The S7-LN is slightly more efficient and certainly better suited to the home miner who can’t tolerate a lot of fan noise or cable clutter. Such tremendous growth has been spurred by major investment into Bitcoin mining technology and operations.

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We have tried to calculate the amount of money that the Chinese have invested in mining, we estimate it to be in the hundreds of millions of dollars. The same Chinese competitive advantage has been doubly effective at squeezing the profit-dependent hobbyist miner from the market.

At this stage, most home or office miners aren’t hashing to earn money but rather to support the network, aid decentralization and possibly even to heat space. With the block reward halving looming, the profitability of all but the most efficient operations will likely be challenged.

However, the lower your electricity costs, the better your odds of the miner paying for itself within a reasonable timeframe. Bi Wang launched its 14 nm chips in the winter of 2016 and Injury’s own 16 nm architecture hardware, promising fantastic power efficiency at 0.06 J/GH, also came around that time.

Judging value in this space is a complicated exercise, although it would appear that nothing vastly technologically-superior to the S9 is likely to be released in the near future. The release cycle of a new generation of mining hardware every few months is likely to decelerate from this point on, as manufacturers have transitioned to cutting-edge 16 and 14 nm designs.

Many have remarked that Moore’s law no longer holds true, as the rate of computing speed advancement has slowed as it reaches the physical limitations of silicon semiconductor technology. Further, the design and manufacture of any 10 nm Bitcoin mining hardware is likely to take at least a year.

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The good news is that existing power supplies, at least those of sufficient wattage, are fully compatible with the S9. Note that the 1600 Watt VGA PSU is significantly more expensive, by about $115, than Ant Miner’s equivalently-powered offering.

The S9 has more hashing power than any previous device crammed into its silicon; a massive 14 TH/s (Trash per second). A total of 189 chips, spread over 3 circuit boards, are combined to achieve this phenomenal hash rate.

Although keep in mind that post-halving, it’s entirely possible that a lot of marginal miners will be forced to either upgrade to better hardware or shut down. Finally, the Bitcoin to Dollar(USD) price is notorious for its constant state of flux.

Of course, such impressive results assume all factors stay constant which is hugely improbable in the ever-changing world of Bitcoin! It uses a mere 0.1 Joules per Gilgamesh, making it roughly 2.5 times more efficient than the Ant miner S7.

The total power consumption of the device works out to around 1350 watts, although this figure is subject to about 7% of variance. Its onboard web management portal allows for a simplified setup and maintenance process.

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As major miners upgrade to S9s and other advanced hardware, the resultant Difficulty increases are likely to erode future profitability. On the other hand, the halving could bring about a higher Bitcoin price and reduced competition, increasing profitability.

It is likely to remain profitable for far longer than previous generations of ASIC miner, although ROI cannot be guaranteed given the inherent unpredictability of Bitcoin mining. Bit main is regarded as one of the most influential companies in the ASIC mining industry.

It seems they could not compete with the already established ASIC manufacturers, most likely because they could never fill their orders and get the parts they needed to produce enough miners to make money. While Along Mining’s ASIC technology was impressive when it was first released, much like the Ant miner S9, the Dragooning 16T no longer profitable even if your electricity costs are incredibly cheap (less than $0.02).

With all the awesome features that come with the Ant miner R4 you would expect its price to be high. Most of the hobby miners reading this article actually want to make money from hashing.

Rest easy because most homes have an outlet that can handle 845 Watts safely but also expect your electricity bills to rise significantly. The mining profit calculator reports at the then current price of $574 Bitcoin price, it would take you approximately 527 days to return your investment provided your power cost doesn’t exceed $0.10 per kWh.

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Of course, we assume that all factors remain constant which is almost impossible in the ever-changing world of Bitcoin. This means that the Ant miner R4 will eventually produce a profit, but only if the network hash rate, Bitcoin price, and electricity costs stay the same.

So you are definitely taking on risk with this miner, and it may not be worth your time despite the many benefits it provides over other hardware. The traditional fan has been the biggest source of noise for other mining hardware.

Not only are the devices expensive, but they also generate a lot of heat and noise, not to mention the amount of electricity they consume.

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