The Crypto Mining Thread

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Hi Everyone, I used to use Minerstat for 6-7 months and it worked quite good until lately when the efficiency dropped a lot without me changing anything. So I've moved over to Nicehash in the meantime.

I just want to hear what platform are you using, as I'm just very careful before registering on a new platform?
Currently running an RTX 3070.

Thanks in advance.
 
spit said:
Hi Everyone, I used to use Minerstat for 6-7 months and it worked quite good until lately when the efficiency dropped a lot without me changing anything. So I've moved over to Nicehash in the meantime.

I just want to hear what platform are you using, as I'm just very careful before registering on a new platform?
Currently running an RTX 3070.

Thanks in advance.
Click to expand...
I use nicehash and many others do - easiest entry point for many new miners
 
spit said:
Hi Everyone, I used to use Minerstat for 6-7 months and it worked quite good until lately when the efficiency dropped a lot without me changing anything. So I've moved over to Nicehash in the meantime.

I just want to hear what platform are you using, as I'm just very careful before registering on a new platform?
Currently running an RTX 3070.

Thanks in advance.
Click to expand...
Why dont you mine directly on the pool?

Just download the miner such as t-rex and pass in the correct parameters and you are good to go
 
Hello, busy looking into starting out with crypto mining. Nice thread.

First Q, if I am planning to mine with GPU, does the CPU & motherboard I get matter?

So far from what I can figure out on the motherboard will need multiple slots for GPUs...

Any insight appreciated!
 
Singhms said:
Hello, busy looking into starting out with crypto mining. Nice thread.

First Q, if I am planning to mine with GPU, does the CPU & motherboard I get matter?

So far from what I can figure out on the motherboard will need multiple slots for GPUs...

Any insight appreciated!
Click to expand...
depends on how much money you want to throw at it.. 1 GPU, then 1 slot.. (normal pc)
if you want to spend R100k and get 6 GPU's then you'll need a motherboard with 6 pcie slots (or 5+m.2) or you can get a pcie splitter card that takes 1 slot and has 4 usb outlets etc etc..

Then its ram (8g), hdd (get a solid state), cpu (celeron is fine) power supply, just work on around 80% of your cards max draw (not what you are going to clock it at, thats a risk) mouse, keyboard, screen, surge protector for effing eksom, etc.

Then you need to see what rip off company's like Wootware charge for a graphics card, makes me sick.

Then remember ETH2.0 is coming out next year (maybe) and that will shift a lot of mining onto other tokens, so it could drop your profits by quite a lot, no one really knows..

a 3060ti LHR (all nvidia cards are now LHR bar a 3090 I think) that card will get you around R37/day from a R13,000 card (effing madness, thanks Wootware) then take off electricity. You'll pay your cards back in around 400 days or thereabouts. Just don't run any cards at full power or they'll die soon enough.
 
ricardo12 said:
depends on how much money you want to throw at it.. 1 GPU, then 1 slot.. (normal pc)
if you want to spend R100k and get 6 GPU's then you'll need a motherboard with 6 pcie slots (or 5+m.2) or you can get a pcie splitter card that takes 1 slot and has 4 usb outlets etc etc..

Then its ram (8g), hdd (get a solid state), cpu (celeron is fine) power supply, just work on around 80% of your cards max draw (not what you are going to clock it at, thats a risk) mouse, keyboard, screen, surge protector for effing eksom, etc.

Then you need to see what rip off company's like Wootware charge for a graphics card, makes me sick.

Then remember ETH2.0 is coming out next year (maybe) and that will shift a lot of mining onto other tokens, so it could drop your profits by quite a lot, no one really knows..

a 3060ti LHR (all nvidia cards are now LHR bar a 3090 I think) that card will get you around R37/day from a R13,000 card (effing madness, thanks Wootware) then take off electricity. You'll pay your cards back in around 400 days or thereabouts. Just don't run any cards at full power or they'll die soon enough.
Click to expand...
Thanks much appreciated. In terms of ETH2.0 - Does this mean one will not be able to mine ETH using GPUs anymore?
 
yeah when ETH2.0 comes out in the year 3095! It will only effect ETH mining, BUT.. all those who are mining ETH will just migrate to mining a different token, this will of course effect the difficulty and price etc etc.. no one really knows how much it could effect mining profitability, but they say around 40% less profit.. but you never know it could do absolutely nothing, only time will tell.
 
ricardo12 said:
yeah when ETH2.0 comes out in the year 3095! It will only effect ETH mining, BUT.. all those who are mining ETH will just migrate to mining a different token, this will of course effect the difficulty and price etc etc.. no one really knows how much it could effect mining profitability, but they say around 40% less profit.. but you never know it could do absolutely nothing, only time will tell.
Click to expand...
Thanks a mil
 
ricardo12 said:
depends on how much money you want to throw at it.. 1 GPU, then 1 slot.. (normal pc)
if you want to spend R100k and get 6 GPU's then you'll need a motherboard with 6 pcie slots (or 5+m.2) or you can get a pcie splitter card that takes 1 slot and has 4 usb outlets etc etc..

Then its ram (8g), hdd (get a solid state), cpu (celeron is fine) power supply, just work on around 80% of your cards max draw (not what you are going to clock it at, thats a risk) mouse, keyboard, screen, surge protector for effing eksom, etc.

Then you need to see what rip off company's like Wootware charge for a graphics card, makes me sick.

Then remember ETH2.0 is coming out next year (maybe) and that will shift a lot of mining onto other tokens, so it could drop your profits by quite a lot, no one really knows..

a 3060ti LHR (all nvidia cards are now LHR bar a 3090 I think) that card will get you around R37/day from a R13,000 card (effing madness, thanks Wootware) then take off electricity. You'll pay your cards back in around 400 days or thereabouts. Just don't run any cards at full power or they'll die soon enough.
Click to expand...
Is it Wootware's fault that GPU prices is ****, world wide? :eek: IDK that......
 
@KleinBoontjie

no but they are jumping on the bandwagon by inflating prices above what they purchased them for.
If they bought 100 GPUs at $100 and sell them for $150 they make 50%..
Then if they then bought another 100 GPUs at $150 (because they went up from Nvidia or there Chinese supplier etc) then they would sell them for $225, still making a 50% profit. Perfectly acceptable.

BUT

If wootware paid $100 for 100 GPUs and a customer bought 50 of them, then wootware would still have 50 GPUs in stock which they paid $100 for. Remember they must still sell these GPUs for $150 to make their 50% profit BEFORE increasing the prices of their NEW stock. They CANNOT then turn around the next day because Nvidia or their Chinese supplier says prices are going up to $150, and make them $225 because they HAVEN'T bought them yet. This is what these companies are doing. And so, wootware paid $100 for a GPU and is now selling their remaining stock for $225, or a 125% increase, and their new stock they are selling for a 50% increase.

*50% is just a figure used to illustrate*
 
ricardo12 said:
@KleinBoontjie

no but they are jumping on the bandwagon by inflating prices above what they purchased them for.
If they bought 100 GPUs at $100 and sell them for $150 they make 50%..
Then if they then bought another 100 GPUs at $150 (because they went up from Nvidia or there Chinese supplier etc) then they would sell them for $225, still making a 50% profit. Perfectly acceptable.

BUT

If wootware paid $100 for 100 GPUs and a customer bought 50 of them, then wootware would still have 50 GPUs in stock which they paid $100 for. Remember they must still sell these GPUs for $150 to make their 50% profit BEFORE increasing the prices of their NEW stock. They CANNOT then turn around the next day because Nvidia or their Chinese supplier says prices are going up to $150, and make them $225 because they HAVEN'T bought them yet. This is what these companies are doing. And so, wootware paid $100 for a GPU and is now selling their remaining stock for $225, or a 125% increase, and their new stock they are selling for a 50% increase.

*50% is just a figure used to illustrate*
Click to expand...
"These companies"? But you're singling out Wootware. You got a beef with them?
I'm not saying they aren't doing anything nefarious, but to me their prices are fairly/roughly in line with the rest.
Unfair to single out Wootware, when the whole industry is doing this, at the moment. Also, I have accounts at some distributors in CT, some the same as where Wootware is buying from. Some of the price hikes starts upstream, out of their control.
 
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