for $100 might be okay for now but still dangerous to buy it for $100 if you want only to use it for mining. Now if you want to game then around $150 would be okay.
Me and my buddies were looking for these $100-$150 GPUs and they are not appearing anywhere. Even on Craiglist the GPUs are going to around MSRP and they are used and some don't even have warranty. In local computer stores they are all sold out or they are being sold at 50% over MSRP with a crappy $20 rebate. Even though $100 is a safe price to buy, nobody will sell a GPU priced so low. No indeed, these are imaginary prices. On UK ebay you'll get about that for a good brand RX series listed as broken non-working (for the spare fans). Between double/triple that for a working card... |
|
|
|
how much kilowatt does my set up needs to run this mining rig?
it depends on the brand/GPU type, AMD / NVIDIA has a difference on power consumption.yes maybe Max 1.6KW will be needed Unless you want to run inefficient mining rigs, 1.6 kw is a WRONG maximum amount. If you really want to step out of the amateur "hobby" mining niche you need ffficient mining rigs which need to run with a minimum of 13 GPUs per rig. The better the GPU on those rigs the higher the power consumption. For maximum efficiency you would need high powered GPUs that give the best hashrate to power consumption ratios (1080ti will do). To run those, a 1.6kw power consumption surely won't cut it. If you are in the US on standard 110v, 1600 Watts is about the max you can run on one circuit with a 15 amp breaker, which is standard for most homes. So, no more than an 8 card rig will run nicely. In the UK it's theoretically 3.2kw per double socket, and most standard domestic ring circuits are 32A. Obviously loading them to their limits is a bad idea, and that's assuming all your wiring is new and up to spec, which in older houses and flats is a big assumption... |
|
|
|
My 2 GTX 1070 (60° C) and 1 GTX 1070ti (69° C) heat the room very well in winter. Rig was standing at the aquarium. In the summer they had to remove it from the aquarium. Quickly began to evaporate the water and die fish. So you can use a large number of graphics cards to heat your home. I apologize for my English.  best 'high risk' crypto mining photo ever. If that shelf breaks (or the rig slides off) you going to have lots of fun. But to the OP, sure, rigs make great fan heaters, just less effective than heating systems to move heat round your house. |
|
|
|
how much kilowatt does my set up needs to run this mining rig?
i'm sure this will need a lot so i have to compute how much will it consume and is it worth the time. i'm just going to altcoins though. the set up would be just 2 computer with about 4 GPU on each. i wouldn't consider the aircondition for now just the 2 computer and 4 GPU each.
Considering this can easily be googled, this is a surprisingly ignorant question from a legendary account. Hehe peace  In any case, it would really depend on the type of mining rig you would like to build / use. For efficient and profitable GPU mining rigs, the average would be around 2-3 kw. For ASICs the range could be greater depending on the algo your ASIC mines and power consumption could be as low as 0.5 kw to 1.5 kw. Not only can it be easily googled, it's impossible to answer without knowing all the details. Even once you've dug through the CPU and spec of the psu and the make and model of cards, different algos will vary your consumption considerably (eg: dual ETH+XVG vs XMR). Saying that, ballpark 2kw for safety. |
|
|
|
|
Somewhat simplified now though? Weekly if over .10 I believe...
|
|
|
|
You're ignoring resale in that calculation. Important dat, comparing a VCU to a common gpu they ain't the same. |
|
|
|
I have 7 MNL2 (6 on their way) 1 up and testing : raspberry pi 3 running one MNL on litecoin pool. I can see clearly now that at 9million difficulty and earning 0.0001724303117568 LTC over 24 hours , that is 1p . With 7 MNL2 running I will be making 7p every 24hours. This is seriously loss making. I would have invested almost £470 invested for 7 miners + 2 USB (one serious USB) I paid roughly £64 each miner ... looks like I will make a serious loss. Should I have bought a Bitman Antminer L3+ for £250 ? This is all new to me. I am pleased that I am finally mining. I also think the raspberry pi is a great tool. Love the fact can control via VNC tool. The MLN2 has the advantage of being quiet and be mined from home. Surely we should find new pastures for the MNL2 away from LTC ? We have the advatange of such low wats to hash ... there must be somewhere we can use this to our advantage ? LTC must be mined at a loss for everyone if entering market now? Difficulty jumped so much, which is weird given price has dropped. Are there any ASIC resistant coin we can mine ? How would you set up the Raspberry pi ? I just managed to set up BFG miner , and that was not easy. One note on BFG, we are told to update to new version , however all the instructions / tutorials only explain how to install the 1st version on a raspberry pi. Could someone tell me how I can check which version of BFG I am running, and step by step how to upgrade ? i.e. sudo gets install method. I am also thinking, why can't we here set up a coin. For the Futurebit Moonlander community ? Optimised for our miners i.e. not pure hash power, however efficiency will play part. Coin , needs a community, well it starts here : we have the mining tool that is both affordable and cheap to run and not too difficult to set up (this will improve). Thanks for any replies But I want to try and mine another coin/token-maybe Digibyte or another Scrypt one in hash-to-coins.
Many Antminer L3+ were sold in the last few months, so I saw difficulty almost double. You can try multipool.us if you want to try a multi coin pool that will switch automatically for you. Even if you have 6 MLDs, I don't think you'll recoup your investment ever, especially with cost of electricity. Do it for fun and leave it at that. Quick couple of points - although it's tempting to work your 'earnings' back into fiat, do bear in mind that LTC is very low at the moment, so that'll make you feel worse. Always best to look at the coin earnings rather than the conversion rates. Secondly, LTC has seen a massive spike in difficulty, as others have noted, so best hunt around for other options - hashfaster has a few, and there are plenty of other scrypt coins out there - solo mining something esoteric might work too. |
|
|
|
|
haha. Don't see how this is good news for anybody connected with ETN. It's only a desperate short-term move to attract cheap hashpower. Profits will now plummet as difficulty rockets, to the point where only the big asic farms will bother on such slim margins, leading to heavy centralisation until the profits vanish entirely. The whole line about FPGAs is entirely misguided - nobody is going to use FPGAs to compete against existing asics, so this tactic has actually locked out the FPGA's, not included them.
Ironically the very opposite of ETN's original strategy, where even mobile mining was a big part of their play.
|
|
|
|
How does one - in theory - select a 'good node' as opposed to a bad one? When I say 'good' I mean one that can handle your proposed transaction size, expiry, htlcs vales, etc?
Finding it a complete lottery, with some nodes (lots of connections, local, high values) automatically closing my channels, while smaller acinq nodes often fail due to expiry/htlcs errors...
Ideally, you connect with your mobile phone to your own node at home. The only one you can trust for sure are you. If you are choosing someone else to handle your channel, you are trusting that 3rd person. This leads to the question how you can find someone who is trustful enough to handle this for you. Either you know the person, or they have a very good reputation, or they can somehow ensure you won't lose money. But also note that the LN currently isn't even in 'open beta'. It is still a very early version (which does steadily increase in channel capacity / usage). Take your trust point, but won't creating trust be a key part of wider adoption? |
|
|
|
|
Mining what algo? You could buy a USB stick for less than $100 and start mining, or mine XMR with PC parts from a skip. These won't make much/any profit, but they're very cheap.
If you mean a gpu rig, depends what algos, therefore which cards, therefore a cost per card (also system requirements may vary slightly).
Also depends if you want to buy new or 2nd hand hardware, with the different risk profiles, resale values and upfront cost benefits therein.
|
|
|
|
|
"Because ASICS run cooler, quieter and use a fraction of GPU rig power, they are suitable for MORE people to run in their homes."
Cooler and quieter? Reeeeeely?
Also isn't this move going to crater profitability even for asics? I imagine the reason ETN is seeing a lack of GPU mining hashpower is that it's simply not very profitable anymore.
|
|
|
|
It's easy to setup, but quite hard to actually send payments! Unless I'm being dense. How does one - in theory - select a 'good node' as opposed to a bad one? When I say 'good' I mean one that can handle your proposed transaction size, expiry, htlcs vales, etc? Finding it a complete lottery, with some nodes (lots of connections, local, high values) automatically closing my channels, while smaller acinq nodes often fail due to expiry/htlcs errors... |
|
|
|
|
Coingate offers a payment gateway option.
|
|
|
|
Every other payment method you consider not to be a failure today is the result of the same series of pre-release testing, years of trial and error, and still - not perfect. Lightning works, when it does, as has been documented by many. Even the detractors have to admit that it works on certain thresholds. If you need something more certain, stick to on-chain Bitcoin. I'm actually pretty sure you'd still prefer to attempt Lightning again, if offered to fly and travel by camel to pay whoever it is you want to meet to pay. It's like schrodinger's cat - create a channel, find out it's useless, close channel. Day later, open new channel, find out it's useless, close channel...day later... (I'm defining useless as every payment failing due to node errors of various kinds).
Schroedinger's cat does not work like that. There's no paradox in LN. The paradox is that (as far as this user can tell) it is not possible to know the properties of a node (expiry length/transaction fee) and set your wallet to meet those properties. This gives rise to 'hit and hope', or 'is the transactional cat in state a (dead) or state b (alive)'? I can see the potential of it, and plenty of the elements do function as expected, just the final actual transaction bit seems 'slightly' error prone. To put this in context, I'm giving up on attempting a $50 transaction after creating three channels and initiating six merchant transactions (x2 per channel), each of which were rejected themselves multiple times. Edit: Now up to 6 channels. Two days and counting now, still unsuccessful. |
|
|
|
|
I understand it 'works' in that nodes exist and they perform according to a set of rules, forming a network.
Just the everyday utility of a system where you create a channel that ties up funds but has unknown transactional performance isn't particularly high.
It's like schrodinger's cat - create a channel, find out it's useless, close channel. Day later, open new channel, find out it's useless, close channel...day later... (I'm defining useless as every payment failing due to node errors of various kinds).
|
|
|
|
|
I'm sure the principle works, but as a user I've spent two days getting a string of node errors, from expiry too high to fees too low, none of which seem to be user controllable via the Eclair wallet.
Appears to be a roll of the dice as to whether payment X goes through, and those dice are ones you can't examine first. In short it's a waste of time - could have taken an international flight and paid in person in Fiat/gold/camels quicker.
|
|
|
|
Found a more noob friendly guide here in Steemit about the Eclair App for their mobile version (Android). It will be more easier to understand compared to the medium.com article provided by OmegaStarScream since it the article gives you a step by step guide on setting up your wallet is also comes with pictures on each step. I do think if you follow this as well as trying out some test transactions you are good to go with your new Lightning Network Wallet. Nice guide, but it doesn't help with troubleshooting unfortunately. How on earth do you work out which node has a long enough expiry for your proposed transaction? |
|
|
|
|
Just tried my first Lightning transaction. Highly unimpressed. Apparently the node I've connected to has a low expiry, so payments are all rejected. Brilliant. What to do now?
Continuously create channels to nodes in the hope one has a usable expiry? Create hundreds of transactions in the blind hope one goes through? Obviously I'm missing something!
|
|
|
|
So there is no improvement in hbcc? I can take 6000 with two vega 56 , but now I insert other vega in the rig and not working anymore, only 1800.
I try removing the vega, but always 1800 now.
I am unable to make bug working for 3000, I will try to formatting windows.
In this post there is improvment o picture are fake?
Were you getting 6000H/s poolside/accepted shares, or just in the miner? I think everyone with Vega rigs will be interested if you can replicate 3000h/s per Vega poolside and reliably! best of luck! |
|
|
|
I make some test I reach 3000 hash on monero7 with hbcc on and castxmr 1.2.5 , anyone same experience ? I have now issue I m unable to get 3000 hashrate when I put another vega in the rig.
Bug somewhere I'd say - Vega should get you c.2000 on Monero7, give or take. Mine's lower for stability and heat reasons, but higher than 2500 can't be sustainable/at all stable in a multi-card rig. |
|
|
|
|
Show Posts
