The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

CRYPTO INVESTING Cryptocurrency GPU mining

Accelerate wealth. Build a business that pays freedom. Join more than 70,000 entrepreneurs and register for the Fastlane Entrepreneur forum. Remove ads? Join the INSIDERS.

Anything related to bitcoin, crypto, blockchain

GPM

Platinum Contributor
Read Millionaire Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Oct 25, 2012
1,237
4,827
1,145
Canada
What helium miners do you have?

I ordered a bobcat and it should arrive by the end of the month. My area is pretty sparse, and I'm in a good spot so I'm hoping it works out great.
I have RAK Goldspot's on the way. One is syncing now, I guess it takes several days. The other hopefully gets here soon. It has cleared customs in Toronto on the 15th.

My antenna are in Florida still at the shipping center according to the tracking number
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

GPM

Platinum Contributor
Read Millionaire Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Oct 25, 2012
1,237
4,827
1,145
Canada
I just built a 5900x CPU build and man nothing goes like it should.

I was recording this for youtube. Of course the BIOS flashing tool did not work because I selected the B550f Gaming bios and not the B550f Gaming wifi bios. Totally different bios... I guess some come without Wifi? Who knew. That took an hour to figure out! So because of that my gopro ran out of batteries, and when I swapped it I forgot to hit record so missed a ton of stuff that I was doing. And then for some reason when I tried to update my mining OS it locked up and needed a hard reset. Sometime through there my P4 ran out of batteries and stopped recording Audio... I have no idea what I do and don't have. It is past midnight, I am going to bed! I will edit this madness in the morning and see what I can salvage.

Miner is up and running diagnostics though so that is good. It should start mining to the pool in about 4 hours.

My Helium miner is also mining I think. The software is garbage with it, and the app barely loads, but when I check my miner on the explorer it says it has already synced and has earned like 0.1 HNT already. I can't wait for my proper antenna to show up.
 

Vasili27

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane!
Speedway Pass
Jun 2, 2021
165
64
34
Philadelphia Pa
I have been reading and researching about building a eth mining rig. I also saw that soon with ETH2.0 that the pow system will no longer be used because they will switch to pos system. Is it still worth to still to build a mining rig with the new system coming in soon?
 
Last edited:

Antifragile

Platinum Contributor
FASTLANE INSIDER
Read Rat-Race Escape!
Read Millionaire Fastlane!
Read Unscripted!
Speedway Pass
Mar 15, 2018
1,042
2,559
663
Vancouver, BC, Canada
You should really get this up another notch. Big warehouse, with 4 mega watts of power, back up generators etc. go commercial with the mining! Make it into a scalable business?

I was looking at a warehouse like that just yesterday, and thought about your home set up.
 

Vasili27

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane!
Speedway Pass
Jun 2, 2021
165
64
34
Philadelphia Pa
You should really get this up another notch. Big warehouse, with 4 mega watts of power, back up generators etc. go commercial with the mining! Make it into a scalable business?

I was looking at a warehouse like that just yesterday, and thought about your home set up.
this is a good idea and has been done before espiecally for btc but very very expensive, just the cooling alone will be expensive
 

Antifragile

Platinum Contributor
FASTLANE INSIDER
Read Rat-Race Escape!
Read Millionaire Fastlane!
Read Unscripted!
Speedway Pass
Mar 15, 2018
1,042
2,559
663
Vancouver, BC, Canada
Expensive, sure. But would it be highly profitable?

Would it be consistent with CENTS framework?
 

Vasili27

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane!
Speedway Pass
Jun 2, 2021
165
64
34
Philadelphia Pa
Expensive, sure. But would it be highly profitable?

Would it be consistent with CENTS frameworks
it can be if you have strong enough rigs and enough of them. I would say it applies to cents, high entry even for people just starting out, you control it as well. It sorta provides a need and you definitely don't have to spend time working everyday for scalability it can be if you have a bigger warehouse or bigger rigs.
 

GPM

Platinum Contributor
Read Millionaire Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Oct 25, 2012
1,237
4,827
1,145
Canada
You should really get this up another notch. Big warehouse, with 4 mega watts of power, back up generators etc. go commercial with the mining! Make it into a scalable business?

I was looking at a warehouse like that just yesterday, and thought about your home set up.
I do want to do this.

At the same time I don't really want to be in Canada anymore with these new government powers and their creation of two classes of citizens. I feel like it is going to get worse before it gets better.
 

Vasili27

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane!
Speedway Pass
Jun 2, 2021
165
64
34
Philadelphia Pa
Well I just went out and got a 3080, 3070ti and a 3060ti from a contact. These are really stacking up now. These are going to go on another b450f gaming ii motherboard that I am setting up. First up is to update the bios, and then see if I can get the m.2 to PCIe adapters to work.

I am really trying to find a cheap solution that lets me copy-and-paste these mining rigs to simplify and lower expenses on builds. I am hoping this board works because I can pick them up for $140-170 Canadian at any computer store. Ram is also cheap at about $40. Right now I am having difficulty sourcing cheap cpu's for this system, but I can get some ordered from China for roughly $150. However, they should be costing me no more than $100 locally if anyone ever had any stock.

For now I've been buying cheaper used AMD CPUs off of the local classifieds for roughly $150.

Not including power supplies or graphics cards, I can build out this system with the capability for 6 cards for about $350-400. If I figure out how to get these 2 extra cards working that only adds $12 in adapters. I'm building custom open air frames out of wood, so costs on that is very low.
40$ for ram? how much are you buying?
 

Antifragile

Platinum Contributor
FASTLANE INSIDER
Read Rat-Race Escape!
Read Millionaire Fastlane!
Read Unscripted!
Speedway Pass
Mar 15, 2018
1,042
2,559
663
Vancouver, BC, Canada
I do want to do this.

At the same time I don't really want to be in Canada anymore with these new government powers and their creation of two classes of citizens. I feel like it is going to get worse before it gets better.


We may disagree on whether Canada is dystopian or not, but maybe you are trying to do you “exit” at the wrong time? What if you did build an 8 or 9 figure business that did not require you to be here? How would your options look like?

Food for thought… The warehouse I was looking at was in Edmonton. I am sure there are plenty in other areas. It’s a legit option with a lot of risk/capital/effort required. :)
 

GPM

Platinum Contributor
Read Millionaire Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Oct 25, 2012
1,237
4,827
1,145
Canada
40$ for ram? how much are you buying?
For a GPU miner you just need a single stick of 4gb ram. Whatever is cheapest.

I guess some CPU mining needs better ram, but I have not figured all this out yet
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

Vasili27

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane!
Speedway Pass
Jun 2, 2021
165
64
34
Philadelphia Pa
For a GPU miner you just need a single stick of 4gb ram. Whatever is cheapest.

I guess some CPU mining needs better ram, but I have not figured all this out yet
ok, appreciate the response.
 

GPM

Platinum Contributor
Read Millionaire Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Oct 25, 2012
1,237
4,827
1,145
Canada
We may disagree on whether Canada is dystopian or not, but maybe you are trying to do you “exit” at the wrong time? What if you did build an 8 or 9 figure business that did not require you to be here? How would your options look like?

Food for thought… The warehouse I was looking at was in Edmonton. I am sure there are plenty in other areas. It’s a legit option with a lot of risk/capital/effort required. :)
You are right, and the biggest hurdle for this is capital and finding someone with an appetite to invest. It is out there, just look at HUT8 out of medicine hat.
 

Vasili27

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane!
Speedway Pass
Jun 2, 2021
165
64
34
Philadelphia Pa
Is it better to buy the majority of parts used? mobo,ram,psu and cpus aren't to bad to buy new. But for gpu's here in America are sky high and impossible to get.
 

Antifragile

Platinum Contributor
FASTLANE INSIDER
Read Rat-Race Escape!
Read Millionaire Fastlane!
Read Unscripted!
Speedway Pass
Mar 15, 2018
1,042
2,559
663
Vancouver, BC, Canada
You are right, and the biggest hurdle for this is capital and finding someone with an appetite to invest. It is out there, just look at HUT8 out of medicine hat.


I would invest… ;)
 

Vasili27

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane!
Speedway Pass
Jun 2, 2021
165
64
34
Philadelphia Pa
Just checked my numbers and here is a more exact rundown of how I am doing on each algorithm:

Ethereum:
2,238 MH/s
7,139 watts (-$771)
= 1.55 Ethereum a month @ $4,300 CAD = $6,665
= Total minus electricity = $5,894

Raven:
1,388.5 MH/s
9,438 watts (-$1,019)
= 41,500 RVN per month @ $0.165 CAD = $6,847
= Total minus electricity = $5,828

Total net income per month at todays prices = $11,722
is raven still profitable?
 

GPM

Platinum Contributor
Read Millionaire Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Oct 25, 2012
1,237
4,827
1,145
Canada
Yes raven is profitable. Every LHR card I get goes on Raven for now. The halving is in January as well, so as long as the crypto bubble doesn't pop before that time I expect great things.
 

GPM

Platinum Contributor
Read Millionaire Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Oct 25, 2012
1,237
4,827
1,145
Canada
We may disagree on whether Canada is dystopian or not, but maybe you are trying to do you “exit” at the wrong time? What if you did build an 8 or 9 figure business that did not require you to be here? How would your options look like?

Food for thought… The warehouse I was looking at was in Edmonton. I am sure there are plenty in other areas. It’s a legit option with a lot of risk/capital/effort required. :)
I thought I would give this some more attention. I don't want to permanently leave. My wife is Mexican, and we are getting Mexican citizenship for our children, and then me after.

I plan on growing this to infinity, and not having a home country. The older I get, the less I like calling myself a Canadian, that is just the simple fact of it. However, my family is here, and the summers here are unreal. So are the business opportunities. I am going to grow what I can in Canada, and use it as such. Just because it is some dirt that I was born on mean that I owe it anything if they want to start going batty with the government powers.

Leaving for now forces me how to figure this out as well. Who says I can't grow it remotely, or from a different country? These are all things I need to figure out. Packing a warehouse full of mining gear is kind of an intermediate step. The real big players all have land and unconventional power abilities. That is what I eventually need to get.
 

Vasili27

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane!
Speedway Pass
Jun 2, 2021
165
64
34
Philadelphia Pa
Yes raven is profitable. Every LHR card I get goes on Raven for now. The halving is in January as well, so as long as the crypto bubble doesn't pop before that time I expect great things.
thanks for the response
 

Ing

Silver Contributor
FASTLANE INSIDER
Read Rat-Race Escape!
Read Millionaire Fastlane!
Read Unscripted!
Speedway Pass
Jun 8, 2019
1,009
991
301
56
Bavaria
Thought about FPGA CVP13?
 

GPM

Platinum Contributor
Read Millionaire Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Oct 25, 2012
1,237
4,827
1,145
Canada
Thought about FPGA CVP13?
I don't even know what that is! Those just look like letters and numbers to me.

My 2 helium miners to try out showed up. I am waiting on the larger antenna for them, hope they get here soon. So far 1 has a bit of earnings, it has only been on since this morning, and my other one has been on for 3 days. The first day it earned $12, and it has had 0 witnesses in over 24 hours and is doing nothing now. I have no idea what is going on. It is not like GPU mining where I can troubleshoot and figure out what is going on. There is nothing I can even do with this thing.
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

EVMaso

Calm Seas
FASTLANE INSIDER
Speedway Pass
Apr 28, 2019
167
446
196
Vancouver, Canada
I've been browsing the helium network subreddit in anticipation of my miner arriving later this month (possibly delayed because of the road situation here in BC) and I'm reading that there's a lot of "choppiness" in the network right now, for various reasons. They had a drop of miners last week and I assume those thousands of people are all coming online too, so that probably doesn't help things.
 

GPM

Platinum Contributor
Read Millionaire Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Oct 25, 2012
1,237
4,827
1,145
Canada
My first helium miner has been synched for like 4-5 days now. The first day it made 0.1 HNT, and then literally 0 until this morning. I thought maybe it was broken or something, but this morning it started to do some transactions.

My second miner has been synched for maybe a day and a half and has already earned 0.7 HNT. That is mental. Even at scalped prices this thing is blowing my GPU miners out of the water. I hope this keeps up, and I am super excited for my 6db antenna's to show up.

Helium seems really fun so far, but it is FRUSTRATING! There is literally nothing I can do other than ignore it and hope it starts working if something is wrong. At least with GPU mining I can pull logs, and work on hardware, and actually diagnose the issues and solve them. These helium miners there is nothing I can do.

Even saying that I think I want some more of these. This is so early in the life of Helium, and the hardware is just ballooning in popularity. There is no doubt in my mind that eventually every bit of populated surface is going to be covered with their signal. If hardware were easier to get it would be interesting to work out deals with landlords of large buildings and commercial plazas and put one on every rooftop... A cool line of thought I should probably start to consider. Mexico would be an interesting place to do this, they have so few Helium miners compared to the rest of North America.
 

spreng

Bronze Contributor
Read Millionaire Fastlane!
Speedway Pass
Jul 1, 2019
105
141
135
So this is why I cant get a graphics card haha

It would be convenient if you lived next to a river so you could use a water turbine

Also, any tips for getting started on this? I imagine the margins are pretty bad, but it seems fun if one has GPUs lying around
 

EVMaso

Calm Seas
FASTLANE INSIDER
Speedway Pass
Apr 28, 2019
167
446
196
Vancouver, Canada
My first helium miner has been synched for like 4-5 days now. The first day it made 0.1 HNT, and then literally 0 until this morning. I thought maybe it was broken or something, but this morning it started to do some transactions.

My second miner has been synched for maybe a day and a half and has already earned 0.7 HNT. That is mental. Even at scalped prices this thing is blowing my GPU miners out of the water. I hope this keeps up, and I am super excited for my 6db antenna's to show up.

Helium seems really fun so far, but it is FRUSTRATING! There is literally nothing I can do other than ignore it and hope it starts working if something is wrong. At least with GPU mining I can pull logs, and work on hardware, and actually diagnose the issues and solve them. These helium miners there is nothing I can do.

Even saying that I think I want some more of these. This is so early in the life of Helium, and the hardware is just ballooning in popularity. There is no doubt in my mind that eventually every bit of populated surface is going to be covered with their signal. If hardware were easier to get it would be interesting to work out deals with landlords of large buildings and commercial plazas and put one on every rooftop... A cool line of thought I should probably start to consider. Mexico would be an interesting place to do this, they have so few Helium miners compared to the rest of North America.
GAH I really want my miner to show up now.

I'm also super hyped for Helium, they definitely have first mover advantage in their space.

Have you thought of getting other coin specific miners, like for Kadena? Less versatile than making your own miners but WAY more accessible. Frankly I'm surprised there aren't more of these things for more coins.
 

pat9000

Contributor
FASTLANE INSIDER
Read Rat-Race Escape!
Read Millionaire Fastlane!
Read Unscripted!
Speedway Pass
Dec 29, 2018
78
99
126
Nashville, TN
Really nice work and excited for you. My first rig had a lot of hiccups and mistakes haha so much troubleshooting involved, which is good because "entry".

Solar would be amazing, but it's hard to get your hands on. Definitely trying to get my rigs on solar but a lot of paperwork etc., so still working on that.
 

EVMaso

Calm Seas
FASTLANE INSIDER
Speedway Pass
Apr 28, 2019
167
446
196
Vancouver, Canada
How's your Helium mining going?

My Bobcat arrived today! I'm pretty busy though until the weekend so I have to wait until then to start setting it up.
 

Sponsored Offers

  • Sticky
MARKETPLACE  You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
What I got was completely unexpected; @LightHouse generously talked with me for 2 straight hours...
  • Sticky
MARKETPLACE  Freelance University: Solve Every Freelance Problem (Especially on Upwork)
FU. 4 DAYS. 50% OFF BLACK FRIDAY SALE! If you're an Upwork freelancer, you'd be a fool not to...
  • Sticky
MARKETPLACE  For Sale: Food Brand with 4 Years of Happy Customers in a Fast-Growing Niche
So to get certified, it cost a fortune? How much exactly? That sucks that these "health...
MARKETPLACE  Fox Web School "Legend" Group Coaching Program 2021
Fox's Web School helps you learn a specialized skill which you can use to get to Fastlane. It's...
MARKETPLACE  Not sure how to start? This free book will teach you how to build a successful web design business
Hi Fox. Starting the book and got through the introduction. Had a conversation with Andy Black...


Don't like ads? Remove them while supporting the forum. Subscribe.

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom