Recycling old memory chips has been a trade for China's brands for a while. Not just GPU memory but also others like RAM, and NAND flash memory,... You may not know, but some China NVMe SSD also uses shitty or low-yield NAND or even recycled NAND from used SSDs. The same for some questionable Chinese RAM brands like Kingfast or Kingspec (copycat of Kingston name).
Dead VGA cards with untouched VRAM could still fetch a good price even if it not working or are completely dead (ten bucks for RX 470/570 model with 8GB last I check). To be honest, it was very eco to make use of everything even the old and busted memory of all kinds. Still, advertising it as a brand-new product is dishonest. My advice: don't take anything from China's market at the face value, check reviews from many other customers or broke-down, disassemble reviews like OP mentioned.
What reviews are you talking about? The Chinese sell video cards after repair at 2 times cheaper, and these video cards work for at least 6-12 months in general. Delivery to Russia from China takes several weeks, so many people buy video cards there for 50-70 dollars. In the store, a new analogue costs $ 220 minimum. |
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Unfortunately where I am there are only high end cards in the used marked also,there is only Rx 6700,6800,6900 and very few Rx 5700 Xt-s here,we usually only have Sapphire or Powercolor brands so Sapphire which I agree is the best brands for AMD cards is widely used here.The prices though are much higher than that,some people here at 150 dollars are selling Rx 580 8 GB cards so here prices do not drop as much as in other parts of the world,people are attached to their things and want the highest possible monetary value for them even when the time of such device has passed.
A good thing though,Nvidia guys usually sell their cards a bit cheaper and that is why I have mostly Nvidias now in my rig,I have shut down the AMD devices.
Not all models are good from Powercolor, you can buy any model from Sapphire, they are all good. I asked you where are you? If you have such prices, then it is more profitable for you to bring video cards from other countries and sell them. This will give you a good profit. |
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lolMiner 1.68Changes Significantly improved Nexa mining performance on supported GPUs (e.g. up to +25% on 8G Ampere GPUs) Fixes Fixed a bug that can make the miner crash with error message "Authorization problem on all configured pools 1" during Nexa mining Note The alternative Windows version uses a different mechanism to determine the available memory on a Windows system. On most 8G GPUs this will cause the miner to select a smaller dataset table that has only slightly above 2 G. Therefore the alternative version might be a good choice for systems with connected screens or for Nexa / Zil mining using the Zil switching app. https://github.com/Lolliedieb/lolMiner-releases/releases/tag/1.68Check all links with this post from the developer. https://bitcointalk.org/index.php?topic=4724735.0
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Mining is a long term venture mate, if you are planning to make profits, maybe 3 to 5 years, that is if you don't even sell your mined coins at low price. Even those chaps who mined 50 Bitcoins at ago back in the day realized great profits at HODLing the mined coins after some time.
Now I shouldn't be the kind of person to tell you this, but If I were you with $3,000, I would just buy a coin and wait it out in a couple of years. There are very high chances that the $3,000 turns into $6,000 or more. Lately, that's very hard to achieve with mining in such a short span of time.
What coin should I buy to get a guaranteed profit in 2 years? What if you need money and sell coins at a lower price? Mining gives a constant and guaranteed profit every day if you have inexpensive electricity and you can service your mining farms yourself. |
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Bitcoin mining is the process of using computer power to solve complex mathematical problems in order to verify transactions on the Bitcoin network.
Miners are rewarded for their efforts with newly minted bitcoins and transaction fees.
The difficulty of the mathematical problems adjusts dynamically to ensure that the average time between mined blocks stays at about 10 minutes. As more miners join the network, the difficulty increases to maintain this average time.
This process helps to ensure the security and integrity of the Bitcoin network. The energy consumption of the bitcoin network is very high.
Bitcoin mining is not for beginners. The next halving is already close and many ASICs will become useless. It is better for a beginner to start with video cards or asics for other coins, which consume much less electricity and do not make noise. And you can use them in the apartment or on the balcony. |
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Next month, I intend to place a bulk order for miners. I have the means to do so, but I'm still looking for ways to fund it so that I can put my savings toward other investments (just in case this one fails). Please share any ideas you have on how I could accomplish this. I'm looking for tried-and-tested methods of financing these operations.
You haven't thought about buying bitcoin. I don’t know your mining cost, for example, my friends in Russia have 17-20 thousand dollars for 1 bitcoin. They use asics 70-100 terahesh. If the price of bitcoin falls to 15,000 dollars, then I think that your mining will be unprofitable, and if you buy bitcoin, then lose 40% of your investment. But bitcoin is easy to sell and invest in a profitable project, and non-profit ASICs are very difficult to sell quickly and at a good price. |
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If you are interested in Latin America, then read about Paraguay. Using this methodology, we estimate that there is anywhere from 100-125 MW of Bitcoin mining in Paraguay, which would translate to 1.45% of total network hashrate on the high end and 1.16% on the low-end, according to Hashrate Index’s Bitcoin Mining Energy Consumption Index.https://hashrateindex.com/blog/bitcoin-mining-around-the-world-paraguay/ |
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Allocation Update: Q4 2022 Posted by Ecosystem Support Program Team on February 22, 2023 There's been buzz and excitement surrounding the new year, but we haven't forgotten about the grantees from last quarter! Find out which projects received funding in Q4 2022 in the table below: ~~ Total awarded in Q4: $4,370,418.16 https://blog.ethereum.org/2023/02/22/allocation-update-q4-22 |
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ETC gave a good profit to miners who sold the coin for more than $100. But then the hashrate was small and most miners mined this coin on 4 GB video cards, so the hashrate was small. Now the hashrate is above 100 terahash, and if asics come to mining, then this coin will be for asics.
Yes, I sold my ETC coins for $107 each, and I was mining ETC since it was $5 and holding most of the coins. ETHW is also worth almost $5 now, but this does not guarantee that the price of Ethereum Classic will repeat. I don’t want to mine this coin on old video cards, and it’s unprofitable to buy new video cards for mining. And I don’t think that the owners of video cards 3060-3070 are mining this coin now. I am mining ETHW as for me there is the real possibility for it to at least go back to its initial all time high of near 142 dollars for a coin which was back in September 2022 and I am an owner of Rtx 3060 ti cards so why not try.Ethereum Classic I was mining it but always exchanging to other coins and that was my mistake so I lost the opportunity to made money there when ETC hit the all time high of 179 dollars for a coin.I don't want to miss another opportunity and I have about 7 ETHW so far but there is no way I am going to sell or exchange them,I am keeping them until they grow in time or they completely fail. For ETHW mining, one of the worst 5600xt graphics cards from Sapphire. From the wall when consuming 83 watts, you can get 38.5 megahash. If you increase the hashrate, then the consumption increases to 100 watts. But on the market, the price of two 5600xt video cards is equal to the price of 3060ti. I have 119 watt in the wall from the 3060 ti at 61 Mhsh which I think is a great performance/consumption ratio and for 83 watts getting 38.5 Mhsh from that Rx 5600 Xt does not look that bad,well except the price which should not be equal to the 3060 ti,maybe the Rx 5700 xt/6700 xt may justify such price and still not completely but of course these cards are with better hash rate than 5600 xt and with very little difference in power consumption. I would buy these cards if they were like 150-200 dollars each one as 5 of these would give me 200 Mhsh almost and just 415 watt electricity consumption which I think is one of the best options to continue mining your favorite coin. I don't sell the 5600xt graphics card for two reasons. This is a good hash rate for Ethereum forks with low consumption and very low cost in the used parts market. In my country, such video cards with a guarantee cost 150-170 dollars, and there are a lot of offers. Look at the prices in your markets, I would recommend sapphire. |
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Investing in hardware mining is not quite profitable compared to how it seems to appear to most persons
This is due to electricity cost and other maintenance cost nevertheless I am not discouraging you from investing in hardware mining but I strongly suggest you carry out research and analyze it's profitability
What mining do you recommend? If you advise POS mining, which is called staking, then the profit there is 6-15% per annum. A graphics card has a shorter payback period and you own the hardware.But I think there will still be a time when the payback of a video card will be less than 6 months, but it is better to buy a video card or asic when its cheap. |
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Yes, that they are! On the other hand, the new M2 Mac Mini is actually quite a compelling purchase.
Why do I need him? I can buy this laptop for myself, but it is not cryptocurrency mining. I had an old macbook, but I installed Windows on it  For mining, this investment will never pay off. And in a couple of years this model will become obsolete, and video cards are constantly making a profit. Yeah, for mining no, I was just talking about in general for "regular computing." The new M2 Pro and M2 Max models cost about $3,000 in the US or Europe, and in Russia these laptops are 30-50% more expensive. This is an expensive item that will attract unnecessary attention from thieves, so I see no reason to buy such a laptop.And for the office, this is an expensive purchase. Was talking about the M2 Mini base model  Show me this model, if it costs less, then maybe I'll try another operating system. I'm not familiar with Apple laptops, so please provide a link to that laptop. But I don't like to spend a lot of money on laptops on which I do office tasks. It's not a laptop, it's a desktop PC - https://www.apple.com/mac-mini/Thanks for the link. I think that this is a useless thing that is impossible to mine coins and play, due to poor cooling and the impossibility of self-repair. For 600 dollars I will assemble an excellent computer from components. My computer will be bigger, but I have no problems with the installation space. |
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I can understand why they always optimize for the latest generation graphic cards since miners (at least the big ones) will buy the latest cards when it is available. Unfortunately, the same thing happens when it comes to gaming performance updates for older cards. It seems manufacturers like Nvidia and AMD are trying to push users to buy their latest cards and sacrifice their user satisfaction for short-term gain.
I sell my old video cards to gamers and most of the younger gamers use old video cards and 4-6 generation intel core processors. I myself play on an old video card, although I can buy the latest GPU. For old video cards, you do not need to install new drivers, because the performance will not be better, and maybe even worse. |
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I dont mind if they are painted or not.i have couple of rx480s from china they still working bought in 2019.yes condition was dead very bad. Very dirty.pads were hard as steel,fans are gone but after good care they working well.if it very very cheap i go to risk.i wish i could order gpus from china again like old good days
The rx480 graphics cards were indestructible and they work great 6 years after mining. This works at high temperatures up to 90 degrees on video cards with a faulty cooling system without gas. But not all video cards are like that. Even now the local market has very good prices, and I would take new video cards. |
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I always add links when I write about new shitcoins. I don’t look at what the team writes, only profit for today is important for me, and it happens that for 1-2 weeks the profit when mining these shitcoins is higher than standard coins from the WhatToMine calculator.
Do you really mean to say that Satoshi is also a shitcoin? Also, why do people take it seriously when others claim that Satoshi has more features than Bitcoin? Please provide more details. Where is the link to the project website? Who are SATOSHI Project Team? How is the SATOSHI Project Team related to the Bitcoin developer? I saw bitcoin developers on the forum, let's ask them? But I'm pretty sure they don't know anything about your project. |
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Helium had a time when miners made good money by installing equipment, but the profitable time quickly ended. In my country, this equipment was much more expensive, so I could not test it. But I do not want to buy such equipment, because it can only mine 1 coin. And in the absence of profit, the equipment is useless.
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ETC gave a good profit to miners who sold the coin for more than $100. But then the hashrate was small and most miners mined this coin on 4 GB video cards, so the hashrate was small. Now the hashrate is above 100 terahash, and if asics come to mining, then this coin will be for asics.
Yes, I sold my ETC coins for $107 each, and I was mining ETC since it was $5 and holding most of the coins. ETHW is also worth almost $5 now, but this does not guarantee that the price of Ethereum Classic will repeat. I don’t want to mine this coin on old video cards, and it’s unprofitable to buy new video cards for mining. And I don’t think that the owners of video cards 3060-3070 are mining this coin now. I am mining ETHW as for me there is the real possibility for it to at least go back to its initial all time high of near 142 dollars for a coin which was back in September 2022 and I am an owner of Rtx 3060 ti cards so why not try.Ethereum Classic I was mining it but always exchanging to other coins and that was my mistake so I lost the opportunity to made money there when ETC hit the all time high of 179 dollars for a coin.I don't want to miss another opportunity and I have about 7 ETHW so far but there is no way I am going to sell or exchange them,I am keeping them until they grow in time or they completely fail. For ETHW mining, one of the worst 5600xt graphics cards from Sapphire. From the wall when consuming 83 watts, you can get 38.5 megahash. If you increase the hashrate, then the consumption increases to 100 watts. But on the market, the price of two 5600xt video cards is equal to the price of 3060ti. |
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Hi friends
I have 3000 dollars budget and i want to buy a ASICS miner. which model and brand do you recommend to earn good and for long time ?
The price of your electricity? Do you have a place to install ASIC? Asics are very noisy and some could consume 3 or more kilowatts, so there will be a lot of noise in the apartment and you need to make a separate power cable so that there is no fire. |
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In 2015, there were no bat files in the downloaded distribution of the miner. When beginners asked how to start mining, they were sent to read the readme.txt file. Modern mining veterans can't even add a fallover pool to a ready-made bat file  We have different users and partners. If you don't want to get more customers, then we will use another miner.. I'm not a miner developer, so I don't care what miner you use. I use a miner that gives a larger hashrate. Now there is very little profit in mining, and the one who knows how to read instructions and use it will earn more. When I was new to mining, I also made mistakes and asked stupid questions, but I tried to learn and not say that if that's the case, then I'll leave you. I'm talking about your support for users - it's zero ... We have drawn conclusions, reviews on the site about your manners will be compiled. The review will be like a miner without user support.. And yes, you are right, the competition is huge, and other miners are immediately ready to support their customers. A very interesting opinion. I use Hive OS, and to add failover pools there you need to make a few mouse clicks. And if you cannot read the readme file and add the necessary settings to the bat file, then mining is not for you. The developers don't owe you anything. |
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