Goldshell LB1 LBRY Miner

$63,774.00 -0.03% ETH

$3,129.61 0.08% MKR

$2,870.05 -0.40% XAUT

$2,339.83 -0.03% BNB

$598.15 -0.01% BCH

$481.21 0.26% GNO

$328.46 -0.03% SOL

$139.47 0.21% XMR

$120.42 -0.01% QNT

$106.57 -0.08% AAVE

$89.54 -0.01% LTC

$87.62 0.02% BSV

$65.44 0.09% CETH

$62.89 0.05% TRB

$109.03 98.09%

Top Coin Profitability Chart

Description

Goldshell LB1 LBRY Miner is the latest miner from the Goldshell manufacturing company. As the name suggests, the miner’s top coin is LBRY. The miner uses the LBRY algorithm and has a maximum power consumption of 80W. It’s one of the best home miners as it uses low power and has an environmentally friendly sound level. The miner mines LBRY Credits and comes with a hash rate of 87 GH/s. With its energy efficiency, we bet that the miner will sell immediately.

Read the first Goldshell LB1 LBRY review and stay informed on this mining equipment.

About Goldshell LB1 LBRY Miner

The miner is small and has a simple design making it the best for home mining. You can easily set up an office mining environment without worrying about any noise complaints. The miner comprehensively enhances the miner’s experience due to its simplicity.

Goldshell LB1 LBRY Miner is slated to be released in April 2021. It comes with a mini body and a simple design making it easier to install and save space. Goldshell LB1 LBRY Miner comes with new and improved mining software to enhance user experience.

After completing the settings, you are one click away from starting your home mining experience.

The manufacturer has not yet released the price, but we believe it will sell for over $1,500. There are no mining pools that are connected with this miner as of yet. Once the miner is released, we believe users will join reputable mining pools.

Algorithm of GoldshellLB1 LBRY Miner

The LBRY algorithm uses a mix of SHA512 and SHA256 hash functions for those who are new at mining. Mining with this algorithm enables users to enjoy fast and secure LBC transactions.

LBC credits are mined thanks to a 20-year proof of work period. The block reward will increase with every 100 blocks by 1LBC. The peak is at 500 thereafter, and the rewards start to decline at a slow pace.

Efficiency of the LBRY LB1 Goldshell Miner

The Efficiency of the miner is 87GHs/80W, which is nearly 0.92W/G. With the unit being a home miner, the efficiency is enough for a profitable LBRY Credit mining experience. High efficiency is normally due to the high power consumption.

We have a miner that balances the hash rate and power consumption. The maximum power consumption is 80W which is ideal for home mining. You won’t get any high electricity bills with this miner.

Hash Rate of Goldshell LB1 LBRY Miner

It comes with a hash rate of 87 GH/s which some might consider a low hash rate. Considering that the power consumption is below 100W, the hash rate is great for this miner. Even the coins being mined don’t need a high hash rate.

LBC Credits only require a high hash rate for security and speed. You can solve block rewards faster with this unit, thanks to the hash rate and power consumption. The manufacturer did a good job with hash rate and power consumption features.

Noise and sound levels

The miner comes with a sound capacity of 55db, which is one of the lowest in the industry. You are lucky to have a silent miner as it means a quiet mining experience.

Temperature and humidity settings

For the miner to perform at optimum conditions, you must use the recommended temperature and humidity settings. It helps prolong the life of the unit by avoiding overheating.

The Profitability of Goldshell LB1 LBRY Miner

There’s no doubt that once the miner is out there, the profitability is immense. Users will be happy to know that this miner has estimated profitability of $9 daily. Electricity cost is set at around $0.19 daily, depending on the rates in your area.

Warranty of the LB1 LBRY Goldshell Miner

Goldshell products come with six months to a year’s worth of warranty.

It's the user's responsibility to contact the manufacturer in case of any default or delay in shipping. Mining watchdog won't be held liable for any losses incurred while mining with this unit.

Profitability

Period	/Day	/Month	/Year
Income	$4.16	$124.87	$1,519.28
Electricity	$4.26	$127.87	$1,555.78
Profit	$-0.10	$-3.00	$-36.50

Algorithms

Algorythm	Hashrate	Consumption	Efficiency	Profitability
LBRY	87Gh/s±5%	80W±5%	0.001j/Mh	-$0.10/day

Disclaimer: The Above Profit Table is a carefully calculated estimate based on known real-time factors and Parameters. The actual values may or may not vary significantly from the values provided in the table above. The Above table is only meant to provide insights and afford Ideas to any cryptocurrency miner looking to purchase this particular Product for Mining Purposes.