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Cryptocurrency GPU mining

lowtek

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GPM

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Screenshot_20211106-114719_YT Studio.jpg

People are hilarious.
 

Prince33

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That's an extremely large investment to hit 10K a month. GUess this is the modern way to buy yourself into recurring income. But then you're dependent on the market. This violates the commandment of control and the commandment of entry. Two big red flags. But keep hustling thats good money. Id turn that income into a skill or something though.

How much would it cost to build a rig to make 3K a month profit?
 
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GPM

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I forgot to mention that my power seems good now. Not only was I able to run the dryer without tripping the house yesterday, but that was while also CPU mining on 4 CPU at this house so my power usage was even higher than before.

The dryer used to trip the whole house. Oh and more fun, my washing machine locking mechanism stopped working so now that needs to be repaired. It never ends! At least I can use a dryer again.
 

Vasili27

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Here are the lastest cards. From left to right, all are LHR versions so they will be on raven coin for now.
Zotac 3070
EVGA 3060
EVGA 3060ti
EVGA 3070ti
EVGA 3080

These are going on that new b450f board I was setting up last night. I also have another few cards to add to it to try and get it to 8 cards. Lets see if this works.

Well it works. But it's not 100% stable. It is powering down and resetting several times through the day with no error logs showing up. This makes me suspect it is a PSU issue. It's using 1000 watts on a single 1300 watt consumer PSU right now. My next move is to add a 850w to it and split the cards.

It could also be due to the heat. It's 35C here today and these things are absolutely cooking
aren't AMD cards like rx570, 580xt and Vega usually better than Nvidia?
 
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EVMaso

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Helium: Still syncing

Helium will have 2 miners. And I ordered 6db antenna for them and high quality cable. I know a guy with a similar setup close by and he does 0.5 Helium a day on his single unit. Something magical happened the other day and he earned 10 for some reason. 10 in one day!!!
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.
 

GPM

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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
 
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Vasili27

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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?
 
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Vasili27

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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
 

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Expensive, sure. But would it be highly profitable?

Would it be consistent with CENTS framework?
 

Vasili27

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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.
 
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Vasili27

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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?
 

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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. :)
 
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Vasili27

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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.
 

Vasili27

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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.
 

Vasili27

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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?
 
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Vasili27

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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
 
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Ing

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Thought about FPGA CVP13?
 

GPM

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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.
 

spreng

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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

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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.
 
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GPM

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My helium miners are not doing nearly as good as I was hoping. I have a better antenna than a friend who is 20km north of me, and yet his rewards are 3x more than mine. He also has a lower scale due to more people being in his hex.

For the first time since I have been mining with LHR cards they are now more profitable on ethereum rather than raven, so I have moved all my rigs over. This will also save me like 1000-1500w of electricity since ethereum is more efficient to mine.

I build a bunch of CPU mining rigs for raptoreum, but that has since tanked and rewards dropped hard. So they won't ever payout on that algorithm, but now they are set up for when I swap it to something else.
 

EVMaso

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My helium miners are not doing nearly as good as I was hoping. I have a better antenna than a friend who is 20km north of me, and yet his rewards are 3x more than mine. He also has a lower scale due to more people being in his hex.
Apparently it's not enough to be in a good location with not a lot of competition and having a good setup. You also need to connect to miners who are also the same. So if the people you are connecting with are boomers who just plug in their miners in their basements, that does you no good. It's really out of the individual's control.

I also feel based on looking at various hotspots that height and clear line of sight are probably the biggest factors that can influence earnings.

The person who earns the most in my immediate area has an atrocious scale of like .12, but he's probably at the very top of one of the office towers near me. With the stock bobcat antenna he's pulling around 20HNT a month.
 

GPM

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A friend just sent me this! Talk about a crazy home setup. This guy has this in his garage. He must have a crazy electrical panel to be able to handle this. It would use roughly 53kw of powersignal-2021-12-19-21-54-56-424.jpg
 
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Kak

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He must have a crazy electrical panel to be able to handle this.
Once you start messing with electric panels you realize how easy it is to add power.

I’ve got hookups in my garage for my 50A RV and a welder if need be. My garage previously wouldn’t even run my air compressor and chest freezer simultaneously. I could run an entire second home off of my garage electricity now.
 

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Hi GPM, thanks for sharing your journey with all of us! Can I ask what are your thoughts on the Goldshell KD6 miner? I am planning to get it to get started on my journey.
 

GPM

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Hi GPM, thanks for sharing your journey with all of us! Can I ask what are your thoughts on the Goldshell KD6 miner? I am planning to get it to get started on my journey.
Is that an ASIC Miner? I have never used one before.

So I noticed a discrepancy between my SMOS and HiveOS hashrates for similar cards. Turns out after some digging I was running older Nvidia drivers on HiveOS and I guess it was not as stable on the LHR unlock. I just updated all the drivers and the results look promising! I have gained about 20-40mH across my LHR farm so far. I will do some better math later, but things are looking good.

While starting up some 3080ti cards I noticed that they were also hashing at 115MH before that LHR lock kicked in. That card would be a beast if not for the LHR BS Nvidia pulled. With it they are doing 85ish MH.

Nvidia is also releasing a 12GB (up from 10) 3080, and a 3090ti GPU. The prices on this are looking to be INSANE!!!! A 12gb 3080 is something like 45% more expensive than a 3080 10gb when it was released. So just to clarify I am going to show you guys all the cards that Nvidia currently has out (I am sure I am missing some):
3090ti
3080ti
3080 10gb LHR
3080 FE 10gb non LHR
3080 12gb
3070ti
3070 LHR
3070 FE non LHR
3060ti LHR
3060ti FE LHR
3060 v1
3060 v2
3060 FE
3050
1660ti
1660 super
1660

Plus they have a whole ton of lower end models, and possibly things like a released 2060 super or something with 12gb memory. these guys are going insane. Talk about polluting the market so bad no one has any idea what is going on. Imagine if you cared about what card you had as you only got a single card every 3-5 years? It is freaking insane. Nvidia also has an absolute stack of Mining specific cards which I will not even get in to.
 

GPM

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AMD also has a stack of cards, but it is not quite as bad. These are what they have at the moment that I know of:
6900xt
6800xt
6800
6700xt
6600xt
6600
5500xt

AMD is also very clear about which one is better than the one before it. higher number is better, XT on the end makes it better than the number before it, but not as good as the next number higher. Very easy
 
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Ing

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Mining is still very profitable at the current value of cryptocurrency?
Profit=reward-cost
Reward depends of Crypto value
Cost depends of electricity cost

So when the value goes down, profit will narrow zero.
When electricity cost rises, profit will narrow zero.
On pages like minerstat, you can put in the variables and see the profit.

For example you take a RTX3080 founders edition, that has no LHR, and use
Electricity 0.4€/kWh
ETH 3200,- atm
Minerstat.com shows:
(The first result allways seems a bit optimistic with 4.5€, I take the second, which mostly ends near the reality)

Profit per day =4.05€-2.15€=1.9€

Well, the cost is 2.15€, whereas the reward is 4.05€ Or really 0.0014 ETH.
That means, as long as the rewarded 0.0014 ETH are worth more than 2.15€ (the cost), its still profitabe.
That profitability border is at current at 2.15€ / 0.0014 ETH=1536€/ETH or 1706USD/ETH.

Here you can adjust the parameters:

I hope, that was related to your question.

That calculation not includes the cost of the system. When the reward decreases, sure the cost of the equipment decreases, too.
And when you keep the equipment some years, it will be outdated some day.
All in all the calculations are not easy and will bring no scientific right result.
 
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