I’ve started tinkering with Bitcoin Mining. Power usage is the single largest cost, so you need ensure that you are using the absolute least expensive power in order to generate as much profit as possible. I live in Georgia and subscribe to Georgia Power’s ‘Smart Usage’ program, which has lower costs most of the time, but peak periods which are Mondays-Fridays in June-September between 2pm and 7pm have a much higher power cost. My full calculation puts the non-peak price per kWh at about $0.048 and peak prices at about three times higher at $0.151 per kWh. Mining bitcoin on an Antminer S9 is mildly profitable at the non-peak price, but definitely loses money at the peak price.
Since it runs on a 220v plug, I can’t use something off-the-shelf like a smart plug to turn it on and off. I’m a linux geek anyway and would rather do it with software. The Antminer has a very bare-bones Linux OS, but it fortunately has
crond installed, even though it is not running. These steps will enable
crond and create a cron job that kills the
bmminer process during the peak hours. It then reboots when the peak period is ending and starts everything back up.
Note that the machine is still on with fans running. It just doesn’t run the mining process which consumes all of the power.
You can see my power usage in the chart below, showing that power usage dropped significantly during the time from 2pm-7pm.
Here is how to make it work:
- SSH into the Antminer. Default user is
root, password of
- Have it start cron at boot by adding this line to the bottom of /etc/inittab:
echo "cron:2345:once:/usr/sbin/crond" >> /etc/inittab
crontab -eto edit the root crontab in
- Paste in this content, modify for your desired time times. Note that times are in Universal Coordinated Time (UTC)
## Here we will stop `single-board-test` and `bmminer` from running during "Peak" periods for Georgia Power ## when it is unprofitable to mine due to increase in power cost ## 'Peak' is defined as 2pm-7pm, Monday-Friday, in June-September ## Since monitorcg is started from inittab and can't effectively be killed, we kill single-board-test and bmminer every minute ## during the peak hours ## kill `single-board-test`, which monitors and restarts `bmminer` * 18-22 * 6-9 1-5 /bin/kill `/bin/ps -ef | /bin/grep single-board | /bin/grep -v grep | /usr/bin/head -n1 | /usr/bin/cut -c1-5` ## Also, obviously kill `bmminer` * 18-22 * 6-9 1-5 /bin/kill `/bin/ps -ef | /bin/grep bmminer | /bin/grep -v grep | /usr/bin/head -n1 | /usr/bin/cut -c1-5` ## Reboot at 6:59pm EDT, which will restart the whole machine, bmminer with it (and takes a few minutes to start back up) 59 22 * 6-9 1-5 /sbin/reboot
viwith saving by typing<ESC>
- Finally, just type
rebootat the command line to have the machine restart.