How to set up MicroBT Whatsminer M60S?

MicroBT Whatsminer M60S Unboxing

• Here’s how to get MicroBT Whatsminer M60S: Wrapped in a plastic bag and securely padded with thick foam in a typical Crypto Miner Bros. box.

• MicroBT Whatsminer M60S is currently available in two guises. One is the same as the common Whatsminer series, as shown in the following picture.

• The other one comes with a protective metal cover as shown in the following picture.

• This machine comes with a C-19 to C-20 cable to power the ASIC. Cryptocurrency mining puts out excessive heat, so these cables are ideal as they can withstand high temperatures.

Now let’s move on to the actual setup process of MicroBT Whatsminer M60S.

Step-by-step guide to setting up MicroBT Whatsminer M60S

1. ASIC preparation

• Place Whatsminer M60S in a well-ventilated area as the ASIC emits a lot of heat. Also, keep the miner on a flat surface with good air circulation.
• Miners require high power, so special power infrastructure is needed for ASIC miners. Generic North American power settings will not work on all ASICs, including the Whatsminer M60S.
• So, to run the MicroBT Whatsminer M60S, install a 30 amp 240V circuit at home with the help of a licensed electrician. Next you will need a 30A 240V PDU.

• As the device already comes with a dedicated power cable (C-19 to C-20), Whatsminer M60S does not support Wi-Fi, so you only need a network cable for Ethernet connection.

• Make sure all plugs are tight and there are no loose connections. Now you are all ready to launch Whatsminer M60S.

2. ASIC configuration

• When the power supply is turned on, you will hear a loud noise indicating that the machine is running. The Ethernet light will also blink.

• Now you need the IP address of your Whatsminer M60S. To obtain the miner’s IP address, you can choose one of the following steps:
  • You can get the miner’s IP address using a free program software called Advance IP Scanner.
  • You can get the IP address by logging into your router.

3. Access M60S via web browser

• Enter the copied IP address into your browser and a window will appear asking for your username and password.

• Log in to your browser, specifying “admin” as your username and password. For all Whatsminer models, the default username and password is admin. However, different models from different companies may have different credentials. Please contact us at info@cryptominerbros.com for assistance.
• You can change your default password at any time by going to the System Administration tab and changing your password.

• The next step is to add your mining pool, worker name, and password. Just go to the Configuration tab and select your miner configuration.

4. Add mining pool

• Before adding a mining pool, you will need a Bitcoin wallet to secure your rewards. Tangem, Ellipal Titan 2.0, and Trezor are recommended Bitcoin wallets. This is a cold wallet and you are responsible for your private keys. It is more secure than using a software wallet on mobile or desktop.
• Alternatively, you can download Bitcoin Core onto a spare laptop that you don’t use for anything.
• Once you have a Bitcoin wallet, it’s time to add a mining pool. You can select a mining pool to mine Bitcoin by checking Mining Pool Stats. Do your research and choose the pool that best suits your mining preferences.
• Rather than choosing the best Bitcoin mining pool, it is better to choose a pool with a network hash rate below 50%.
• Now let’s take a look at ViaBTC for demo purposes. Register for the pool first.

• Once you sign up, you will see the dashboard of your pool account.

• Scroll down to find mining pool details. You can copy that address and paste it into Whatsminer M60S.

• Here are the names of the pool1 workers: The account name you created for Viabtc, separated by the .worker name. For example here it is rpm2023.m60s01.

• Next, you need to add your backup pool name, which can be found in the Whatsminer dashboard. If one of the pools goes down, you can mine from the other pool.

• After entering all information, click the ‘Save and Apply’ button at the bottom. Ideally, a system reboot is recommended for accurate readings.

5. Start Bitcoin Mining

• You can check Whatsminer M60S status instantly on the dashboard.

MicroBT Whatsminer M60S Profitability

The profitability of any mining hardware depends on a variety of factors, including the hash rate of the mining hardware, the price of Bitcoin, current mining trends, the cost of electricity in your country, and cryptocurrency market trends. Therefore, it is impossible to predict the profitability of mining hardware.

However, miners can evaluate things they can control, such as choosing hardware with higher hash rate and lower power consumption, tracking Bitcoin price, and following market trends. This will help them make informed mining decisions.

Above all, the price of Bitcoin directly affects Bitcoin mining profits. Therefore, it is important to track Bitcoin’s past performance and price history. Moreover, since cryptocurrencies are highly volatile, it is very important for miners to follow the prices of cryptocurrencies before investing in mining hardware.

Here is the Bitcoin price history over the last year:

Difficulties of Bitcoin Mining

The Bitcoin difficulty algorithm serves to stabilize the mining process by setting a consistent period for discovering new blocks. This algorithm continuously modifies the difficulty level based on real-time changes. For example, when there are few miners on the network, the protocol accelerates block discovery by reducing mining difficulty. Conversely, the difficulty increases with the influx of miners.

Maintaining optimal mining difficulty is very important due to the decentralized nature of cryptocurrency mining, which operates independently of third-party control. If left unchecked, advanced mining equipment could lead to faster block discovery, potentially centralizing the mining process and creating unpredictability. Fluctuations in mining difficulty may affect profits, but they also serve as a safeguard against cyber threats attempting to compromise blockchain networks, ensuring the security of cryptocurrency transactions.

How to set up MicroBT Whatsminer M60S video tutorial