The Crypto Mining Thread

w1z4rd said:
Im pretty invested there and saw almost 200% gains recently. Was awesome.

Its one of the most profitable coins to mine, and its an ASIC resistant network.
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If Raven continues to be this profitable or even more, then watch people make ASICS :P. There were some ASIC manufacturers that made ASICS for Eth
 
w1z4rd said:
2 Days at EIP 1559... but the price went up and its kinda making the same profit as before EIP 1559.
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Not bad. I jumped ship to raven because waiting 5/6 weeks is too long for a payout. My rewards are roughly the same as well.
 
ADrunkTeddyBear said:
If Raven continues to be this profitable or even more, then watch people make ASICS :p. There were some ASIC manufacturers that made ASICS for Eth
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Yeah, there are ASICS for Eth, but none for kapow yet. RVN looks the most likely place for my hash power to go when ETH 2 makes an appearance. Its well supported by the miners.
 
w1z4rd said:
Yeah, there are ASICS for Eth, but none for kapow yet. RVN looks the most likely place for my hash power to go when ETH 2 makes an appearance. Its well supported by the miners.
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Thats what im doing as well. Im hopping between coins every few weeks to see what coin is profitable and what isnt. HiveOS makes it so easy to coin jump as well lol
 
trolol said:
Never found whattomine all that accurate, it's nice getting info from someone with real world stats
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I can tell you from benchmarking my 1060. It is fairly accurate. Earning almost match what is stated, on average.
 
Everyones-a-Wally said:
And it will always go up (difficulty and hashrate) as more miners jump on the bandwagon which is inevitable for any profitable coin.
Our cost for electricity is always going to be prohibitive.
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Thats very true. While the rewards are high and frequent. I would suggest setting aside some cash and saving up for a good solar solution
 
ADrunkTeddyBear said:
Thats very true. While the rewards are high and frequent. I would suggest setting aside some cash and saving up for a good solar solution
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Im getting my solar for the rigs in October :D. Where I live is currently solar, but going to need a bigger space for a bunch of solar panels tied into the municipality grid.
 
w1z4rd said:
Im getting my solar for the rigs in October :D. Where I live is currently solar, but going to need a bigger space for a bunch of solar panels tied into the municipality grid.
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Nice. I have starter system that I installed at home. Cut down my power consumption by around 40%. Planning on doubling up next year as well. So looking at 80% reduction a day
 
Hi Guys.

I started mining in August using my gaming pc, liked it then bought a motherboard and a few cards to test further.

6 x 1070 of BoB(Used), then 3 x 1660ti(New).

At this point I decided that I quite like the idea of a passive income and bought 2 x 3080 FHR and 1 x 3080 ti.

All of them mining eth via nicehash except for the 3080ti, I have that card mining ERGO(Autolykos) still via nicehash.

A few questions for those more experienced than myself.
1) Is nicehash the right way to do it?
2) What is the "right" time to move to solar? It's look quite attractive to me and I'm at ~1600W
3) Best value for money LHR card, so far the 3060ti looks pretty good but I don't have any of them and my rig is full :(
4) Where to buy mining motherboards? Hard to find, at least I struggled to get this one.
5) Expected ROI? With my rig and cooling included with my mix of cards it looks to be about 10-11 months with electricity included.
 
TokoZAR said:
Hi Guys.

I started mining in August using my gaming pc, liked it then bought a motherboard and a few cards to test further.

6 x 1070 of BoB(Used), then 3 x 1660ti(New).

At this point I decided that I quite like the idea of a passive income and bought 2 x 3080 FHR and 1 x 3080 ti.

All of them mining eth via nicehash except for the 3080ti, I have that card mining ERGO(Autolykos) still via nicehash.

A few questions for those more experienced than myself.
1) Is nicehash the right way to do it?
2) What is the "right" time to move to solar? It's look quite attractive to me and I'm at ~1600W
3) Best value for money LHR card, so far the 3060ti looks pretty good but I don't have any of them and my rig is full :(
4) Where to buy mining motherboards? Hard to find, at least I struggled to get this one.
5) Expected ROI? With my rig and cooling included with my mix of cards it looks to be about 10-11 months with electricity included.
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Hey bud.

to answer your questions

1) Nope, nicehash takes some of your profits as it's "Service Fees", Use a mining OS such as HiveOS or RaveOS

2) Anytime is a good time to move to solar :). I paid around R65K ish for my solar setup and it makes around 15kWh a day. Mining rig pulls 1kWh so 24kWh a day, so im paying for 9 hours worth of work a day

3) 3060Ti is the best bang for buck card out there. Right now im gravitating towards 1660Ti's due to them being cheap and low power (60W per card)

4) Carbonite is your friend. Although the number of scalpers is growing hectically

5) Thats a deep rabbit hole to go down. Im still adding cards to my system with no plans of stopping anytime soon
 
ADrunkTeddyBear said:
Since I cant find one dedicated thread for mining. Here is one.

What are you currently mining?
Whats your current setup?
What pool are you using?
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Nothing
Nothing
Nothing

Where do I start?

I would like to try earn a living off mining, as I don't have a stable income after being retrenched a while back and job prospects for a 44 year old aren't that great.
 
what would you like to earn per month?

mining is NOT cheap, you need to know what you are doing with a pc and how much things cost and electricity etc. But if you want to earn a living off it, sho.. I'd say R500k and that's a small decent living in todays standards
 
ricardo12 said:
what would you like to earn per month?

mining is NOT cheap, you need to know what you are doing with a pc and how much things cost and electricity etc. But if you want to earn a living off it, sho.. I'd say R500k and that's a small decent living in todays standards
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Yeah, sounds like wishful thinking on my part, too risky to put your life savings into something that might not work. Maybe I should just keep playing one line in the lotto twice a week.
 
lol I tried lotto... never won! :)

It's not that it won't work, its just slow and your ROI is around 1 year now. Then with ETH 2.0 coming next year, there will be a huge reduction in mining as there will be a shift of hashpower to other coins. But if you keep your rigs running cool under 60 degrees and fans running nicely they can go for many many years. You have to factor in electricity, space, noise, internet, etc. Oh and GPUs are so damn expensive now, and EVERYONE is ripping people off, that includes Wootware and the likes, its despicable, worse than the price of potatoes!
 
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