Bitaxe
Management

Set up instructions and FAQ

No Bitaxe? No Problem

Setup Instructions

Joining The Network: How to set up your Bitaxe:

Review Box Components.
Your SustainHash Bitaxe box should contain the following:
1 (one) Bitaxe Ultra miner
1 (one) corded 5V power supply.
Initial Power-Up.
Plug your Bitaxe miner into the provided 5V power supply. This will automatically turn on the miner. NOTE: It is important only to use an approved power supply. Using alternative power supply models may permanently damage your miner.
Access The AxeOS Web Portal.
The miner will attempt to connect to a default network, which it will not initially find. Use a wi-fi-capable device (ie. A phone, laptop, desktop, etc.) to search for an access point called Bitaxe_XXXX.
After connecting to the Bitaxe SSID, you should be automatically redirected to the AxeOS web portal. If you are not automatically redirected:
Open your browser.
Visit http://192.168.4.1.
Configure Wifi Settings:
In the AxeOS web portal, click on the ‘settings’ button. Select your local Wi-Fi network and connect to it. NOTE: Bitaxe devices are incompatible with 5GHz WIFI; they only work with 2.4GHz Wi-Fi. Double-check the Wi-Fi SSID and password before entering to prevent manual recovery later.
Update Mining Pool Settings.
Within the AxeOS web portal you will see a default pool configuration. Your miner will work however to receive any payouts you need to change the user to “YOUR-BTC-ADDRESS.MINER-NAME”. You may also change the pool URL and port to a mining pool of your choice. NOTE: We recommend doing your research to find a mining pool that works best for you. The r/bitaxe Reddit is an excellent resource for finding accessible information.
Save and Restart to Apply Changes.
Start Mining.
Good luck and watch out for Balrogs.

Still have questions? We've got you covered

Lotto Miner Comparison Table

	Bitaxe Ultra	Bitaxe Supra	Nerdminer	Nerdaxe
Description	Open-Source utilizing 1 Bitmain ASIC chip for mining and micro controller for device computing	Open-Source utilizing 1 Bitmain ASIC chip for mining and micro controller for device computing	Open-Source utilizing a CPU for mining and computing	Combination of the Nerdminer and Bitaxe utilizing 1 Bitmain ASIC chip for mining and micro controllerfor device computing
Hashrate	400Gh/s-1.2Th/s	625 Gh/s	70Kh/s	400Gh/s
Power Draw	10-15w	12-16W	~1w	10-15w
Power Supply	5v	5v	3.3v	5v
Weight	78g	78g	82g	73g
Dimensions	10x6cm	10x6cm	7x4x4cm	10x6cm
Display	0.91 inch OLED	0.91 inch OLED	1.9″ Full-color LCD	1.9″ Full-color LCD
Resolution	128x32px	128x32px	170x320px	170x320px
Power Connector	2.1/5.5mm Barrel Jack	2.1/5.5mm Barrel Jack	USB-C	2.1/5.5mm Barrel Jack
USB Data Port	USB-C	USB-C	USB-C	USB-C
Wireless Connection	Wifi 2.4G	Wifi 2.4G	Wifi 2.5G/5G, Bluetooth 5	Wifi 2.4G
Hardware Functions	Boot + Reset	Boot + Reset	Boot + Reset	Boot + Reset
Cooling	Heatsink + Fan	Heatsink + Fan	Passive	Heatsink + Fan
OS	Axe OS	Axe OS	Nerdminer	Axe OS
Dashboard	Web/Device screen	Web/Device screen	Device screen	Device screen
Hash Chip	ASIC	ASIC	ESP32 (various models)	ASIC
Micro Controller	ESP32-S3-WROOM-1	ESP32-S3-WROOM-1	ESP32 (various models)	ESP32 (various models)

Bitcoin Mining FAQ

What is Bitcoin?

Bitcoin is a decentralized digital currency, created in 2009 by an anonymous entity known as Satoshi Nakamoto. Unlike traditional currencies issued by governments (fiat money), Bitcoin operates on a technology called blockchain. This innovative framework allows for secure, transparent, and peer-to-peer transactions without the need for intermediaries like banks.

Key Characteristics of Bitcoin

Decentralization: Bitcoin is not controlled by any central authority. Instead, it relies on a network of nodes (computers) that validate and record transactions.
Limited Supply: The total supply of Bitcoin is capped at 21 million coins. This scarcity is designed to create value over time, contrasting with fiat currencies that can be printed indefinitely.
Anonymity and Pseudonymity: Transactions are recorded on the blockchain, but users can remain anonymous. Each user has a public address and a private key, making it possible to transact without revealing personal information.
Divisibility: One Bitcoin can be divided into smaller units, the smallest being a “satoshi,” which is one hundred millionth of a Bitcoin (0.00000001 BTC).

How Bitcoin Works

Bitcoin operates through a peer-to-peer network where transactions are verified by network nodes through cryptography. These transactions are then recorded on a public ledger known as the blockchain.

The Blockchain

The blockchain is a continuous chain of blocks, each containing a set of transactions. Once a block is filled with transactions, it is added to the chain, and the process begins anew. This structure ensures that once a transaction is recorded, it cannot be altered, making the system secure.

Transactions

When someone sends Bitcoin, the transaction is broadcast to the network. Miners (participants in the network who validate transactions) compete to solve complex mathematical problems, which helps secure the network and confirms transactions.

Wallets

To store and manage Bitcoin, users need a digital wallet. Wallets can be software-based (hot wallets) or hardware-based (cold wallets). Hot wallets are connected to the internet and are more convenient for frequent transactions, while cold wallets are offline and provide enhanced security for long-term storage.

What is Bitcoin Mining?

The Mining Process

Transaction Validation: Miners collect transactions broadcasted to the network and verify their authenticity.
Solving the Puzzle: Miners compete to solve a cryptographic puzzle, known as Proof of Work (PoW). The first miner to solve the puzzle gets to add a new block to the blockchain.
Reward: For each block mined, the successful miner receives a block reward in the form of newly created bitcoins and transaction fees from the transactions included in the block.

Difficulty Adjustment

The Bitcoin network adjusts the difficulty of the mining process approximately every two weeks to ensure that new blocks are added approximately every 10 minutes. As more miners join the network, the difficulty increases, maintaining a stable rate of new bitcoins entering circulation.

The Economics of Bitcoin Mining

Bitcoin mining is influenced by various economic factors, including the cost of electricity, hardware efficiency, and the market price of Bitcoin.

Costs

Electricity: Mining requires significant energy, making electricity costs one of the largest expenses for miners. Regions with cheap electricity are often more favorable for mining operations.
Hardware: Specialized hardware, known as ASICs (Application-Specific Integrated Circuits), is necessary for efficient mining. The initial investment in hardware can be substantial.
Pool Mining: Many miners join mining pools to combine their computational power and share rewards. This approach increases the chances of earning consistent payouts, as individual miners may find it challenging to solve blocks on their own.

Market Dynamics

The profitability of mining can fluctuate based on the price of Bitcoin. When prices are high, mining can be very profitable, but if the price falls significantly, it may not be economically viable for some miners to continue operations.

Bitaxe Management