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By the end of 2024, Bitcoin price is expected to reach $100,000! The crypto bull market is back

By the end of 2024, Bitcoin price is expected to reach $100,000! The crypto bull market is back. Bitcoin, the top cryptocurrency, could hit $100,000 by the end of 2024, according to a report by Jeff Kendrick, head of digital asset research at Standard Chartered Bank. By the end of 2024, we could see Bitcoin (BTC) reaching the $100,000 level , as we believe the much-hyped "crypto winter" is finally over. According to Kendrick, Bitcoin could benefit from many factors. For example, recent instability in the banking sector due to the end of the Fed's rate hike cycle and the increased profitability of cryptocurrency mining. As uncertainty persists, Kendrick believes the path to the $100,000 level is becoming more apparent. Bitcoin has bounced back this year, topping $30,000 for the first time in 10 months. However, the crypto industry lost trillions of dollars in 2022 after the Fed raised interest rates. Observers Are Arguing About Bitcoin Standard Chartered isn't the only

Antminer S7 4.73TH 1293w Bitcoin miner mining tutorial

Antminer S7 4.73TH 1293w Bitcoin miner mining tutorial

The Antminer S7 uses a 28nm chip. This tutorial will demonstrate the setup of an Antminer S7 (4.73TH @ 1293w) bitcoin miner.
For the S7 mining guide, it is recommended to refer to Antminer S7 Manual.

Miner specifications

Brand
Antminer S7
Hash rate
4.73 TH/s ± 5%
Energy consumption
1293W±10%
Default frequency
700M
Number of chips
135 * BM1385
Size
301mm(L) * 123mm(W) * 155mm(H)
Number of fans
2
Internet connection
Ethernet
Power supply
PSU not included
Power recommendation

Check before operation

· When you receive this miner for the first time, please be sure to check the miner before powering on the device. Shake the miner gently and check for loose or detached fins during transport. (If the device is powered on with the heat sink dropped, there is a risk of burning the hash board.)
·If any heatsinks fall off, it is recommended to purchase thermosetting adhesive to re-fix them (welcome to purchase on the ZEUS MINING official website). Do not power on the miner until the dropped heat sink has been repaired.
thermosetting adhesive

Ready to work

· Please prepare a power supply (can withstand power >= 1500w, 6pin x 10); you can use multiple PSUs to connect to 1 miner. But don't connect 1 PSU to more than 1 miner or more than 1 hash board.
· Use an ethernet cable to connect the miner to the router.
· For miner configuration, use an ethernet cable to connect the miner to the same router that your PC is also connected to (your PC is only used for miner configuration).

Network check

· Make sure your network is stable enough: S7 miners have high requirements on the network. If the network is unstable, miners may stop working without any warning. Also, an unstable network may bring damage to the hash board.
· Make sure your router is of good quality and stable.
router
In the network connection process, it is not recommended that you use a single mini router.

Miner connection and mining guide

·First of all, please check that all date cables on the miner are plugged in tightly.
date cables plugged fightly
· There are 10 6pin ports on the miner. You need to connect all 6pin ports to your PSU.
6pin ports
·Connect to the 6pin port next to the control board.
6pin port
Important note: There are 3 hash boards in the miner, and each hash board has 3 6pin ports. Do not connect more than 1 PSU to 1 hash board. (That is, the 6pin data cable you connect to 1 hash board should only come from 1 PSU.). See the figure below for correct and incorrect connections.
· Correct connection:
correct connection
· Incorrect connection:
incorrect connection
· Miner connection completed.
miner connection completed
·Turn on the miner. (IMPORTANT: If you use multiple brands of power supply, you should power on the PSU connected to the 6PIN port next to the control board, for example, if you use other CORSAIR 850W PSU connected to the port, first power on all other PSUs, then turn this power on).
·Wait about 1~2 minutes, the fan of the miner will be loud for a while and then slow down.
·Use the software to scan the IP of the miner on your PC. To scan the miner's IP, please see: How to use IP Reporter?
·Then, you can log in to the miner configuration page with the IP you just scanned. (both username and password are "root")
·Enter the "Miner Status" page, and keep refreshing the page until the page displays data (speed, miner account, mining pool, etc.), indicating that mining starts. Generally, miners need about 3 to 7 minutes to start mining. The fan may beep several times. Sometimes, the data on the page may disappear within seconds or a minute of the start of mining. It will be back up and running normally soon.
·Enter the "Miner Configuration" page, configure your mining pool address, miner account, miner password, etc., and click "Save and Apply."
·Save the changes and wait about 1 minute to apply the settings.
·Enter the "Miner Status" page and refresh the page until the page displays data. Then, the miner starts to work normally.
miner status
· If no data is displayed or the miner beeps for more than 10 minutes, restart the miner (power it off, wait a minute, then power it back on). After restarting, please go to the "Miner Status" page and wait for the data to be displayed.
· Different miners may have different behaviors; they usually wait for the miners to work.

Mining Tips

If you are running multiple miners at the same time (<= 10 miners), please note the following tips:
1) The red light of the miner keeps flashing
Due to various reasons such as unstable network, high temperature, etc., the red LED keeps flashing.
Anyway, if your miner is working fine at average speed, ignore the blinking LED.
If your miner is mining slower or has more problems with the miner at the same time (such as ASIC status showing ----), please check the troubleshooting section below.
2) Heat dissipation
Ensure that the hot air from the (miner) fan is dissipated in time.
Ensure that the air exhausted from one miner cannot be re-inhaled by another miner.
3) If you connect multiple miners to one power strip, you need:
Check the maximum current rating of the power board. Some power strips, for example, have a maximum current rating of about 2000w. Since the power consumption of the miner is close to 1400w, it is best to connect only one miner to one power board. Otherwise, miners may stop working.

Mining speed description

The final model of the Antminer S7 is "4.73 TH/s @ 1293w", and the "Default Frequency" is set to "700M".
submodel label of antminer S7
The rated speed of the Antminer S7 is "4.73 TH/s ± 5%", so the speed may fluctuate between "4.49 TH/s ~ 4.96 TH/s".
In our tests, the "GH/S(5s)" of the "Miner Status" page changed frequently, but the "GH/S(avg)" remained stable. So don't worry about the frequently changing "GH/S(5s)" speed.
· However, if both "GH/S(5s)" and "GH/S(5s)" is low (e.g., 3000GH/s), restart the miner, and the speed will be normal.

Troubleshooting

For your troubles with mining, try the following suggestions:
· Shut down the miner and restart it.
· Check your home network and mining pool to ensure the network is working.
· Check if all cables on the miner are plugged in tightly. Especially the three-date cables connecting the hash board. They may come loose during transport.
· Check if all 10 6pin ports on the miner are connected to your PSU.
· Check if your miner is rattling to ensure no heat sink is falling off.
· Reset miners. A reset hole is next to the network port (as shown in the figure below). After the miner is powered on, wait for 5 minutes (until the miner starts mining), and press the hole with a pin for about 10 seconds. Then wait about 5 minutes for the reset. After the reset, it may be necessary to rescan the miner's IP address.
· Firmware upgrade. It is recommended to check the article: How to reload or upgrade the firmware?
the reset hole of antminer S7
The content and pictures of this article are from the Internet, compiled and edited by ZEUS MINING.

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