Author Archive Lin

ByLin

millionminer at the mining disrupt 2022

At the end of July, the most important international companies met at the largest Bitcoin mining fair in Miami – the Mining Disrupt. Of course, we from millionminer.com were also represented there. At this year’s fair, thousands of visitors were looking forward to an informative trade show with strikingly innovative booths. The focus of Mining Disrupt, is on the B2B sector, which is why we from millionminer.com had to be there. For us, this was another opportunity to establish international contacts and maintain existing business relationships, as well as to acquire new customers.


Despite the high number of visitors at our booth, we were able to answer all questions about our products and received positive feedback.

Our booth at Mining Disrupt 2022

Visitors were particularly interested in our Bitmain Antiminer L7 9.05, which can also be found on our homepage. Also with our service offers, especially in the area of Asic hosting (from 0.09 USD per KWh) and the many advantages we offer, we could convince the participants of us. Often there was positive feedback on the profitability table, with which one can calculate the daily profit of our different devices at a self-selectable electricity price, in order to be able to carry out a more exact cost-benefit calculation. However, there was great praise not only for our offerings, but also for the company itself. We were also able to hold many in-depth discussions with our existing customers. The familiar atmosphere also resulted in important exchanges of valuable information and with some companies a future cooperation was very much welcomed by both sides. Of course, our team also had the opportunity to visit other booths and we were pleased with the variety and the offers of the participating exhibitors.

Additionally, those interested in ASIC miner hosting were able to learn more about the Miner Oasis from our hosting partner Endless Power Solutions.

At our booth our customers could benefit from a direct consulting service

But not only the promising companies, also the fair itself offered unique insights into modern as well as historical technology. For example, “The Coin Dad” realized a museum, which exhibited many special Bitcoin miners from days gone by. The presentations at Mining Disrupt were also very well structured and informative.

What new business relationships were formed during Mining Disrupt, the evaluations and also the near future will show. However, our team is very positive and looking forward to the next Mining Disrupt, which will take place from July 25-27, 2023.

ByLin

THE alternative to buying anonymous Bitcoins (and other cryptocurrencies)

There are several ways to obtain anonymous Bitcoins and other coins, which also have several vulnerabilities. We would like to briefly explain these ways and the associated risks here.

Basically, there are 3 methods to buy Bitcoins anonymously:

  • Using a mixer
  • Buying at a Bitcoin/Crypto ATM
  • Mining coins yourself

Bitcoin and other currencies, as everyone knows, are based on a blockchain – meaning all previous transactions are publicly viewable

This becomes a problem especially when using mixers, as the amount deposited and paid out can also be tracked across multiple (and even different) wallets. Better mixers therefore rely on time delay and splitting into multiple transactions. But even these transactions could be tracked with enough computing power and know-how one day.

The alternative is to buy from a vending machine. Unfortunately, however, there have been many changes in this area recently as well, and for higher amounts, deposits are no longer possible without proper proof of identity.

Crypto ATM

Crypto-ATM

In addition, there is always the risk of a logged IP address when signing a transaction on the network

So what is the safest solution to obtain anonymous Bitcoins and other cryptos?

The solution is relatively simple: simply mine the coins yourself!

This creates almost new coins, so to speak, “almost” because the mining pool receives the coins first, of course, which are then paid out to the miners.

How is the problem with the IP address solved?

Here the use of a VPN is a good solution. Miners (of all manufacturers) also work with the appropriate router via a VPN (we also have a separate article on this). In addition, the popular Electrum can also be used as a wallet, e.g. for Bitcoin. The advantage of Electrum as a wallet is the availability of the TOR network, i.e. a connection is never established directly to the BTC network

All that is required is to download and launch the TOR browser. In Electrum, the proxy is then activated under the settings.

Electrum Tor Proxy

Electrum Proxy Settings

A logging of your real IP is thus excluded both when mining and when paying (with Electrum at BTC).

The only remaining risk is with your VPN provider – which can of course be reduced by a good choice.

How can I get a miner at a reasonable price?

The newer models with high efficiency are of course more expensive, but if the goal is anonymity, profitable efficiency doesn’t even need to be there. Purely logically, it is enough if the cost of electricity can be converted into anonymous BTC, ETH, etc.

Of course, older and used models from Bitmain and Innosilicon are perfect for this. Therefore, we at Millionminer not only offer new goods, but also used miners (to the store – click here). Of course, our miners are tested again for function before shipping and the test is documented by video.

ByLin

Happy Christmas

We at Millionminer wish all our customers and business partners a Merry Christmas and happy holidays.

If you have any questions, we are also available around the holidays.