Bitcoin Forum
May 26, 2024, 06:23:17 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 [13] 14 15 16 17 18 19 20 21 22 23 24 25 »
241  Bitcoin / Mining / Re: ? Hight electricity and Miner industry in USA on: May 10, 2022, 02:42:33 PM
Any good website to check electricity prices for industrial use
There are no good websites. The only way to find out is to find the public utility tariff, put those numbers into a spreadsheet, then call the utility to confirm.
242  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: May 10, 2022, 02:38:45 PM
Are there any electricity price changes at your countries? It seems to me energy prices are only scheduled to go up (way up).
U.S. wholesale energy price is going up by a cent because natural gas is very expensive now. But it depends on the region. PJM & ERCOT are seeing big increases while I would guess Washington/New York aren't as affected because they use hydropower.

$31k coin, 1 cent more for power... we're approaching the production cost of many U.S. farms which currently pay 6-7 cents for their power and 1 cent for rent. They won't make profit anymore.
243  Alternate cryptocurrencies / Mining (Altcoins) / Re: Don't make a big mistake miners on: May 10, 2022, 02:29:12 PM
The higher the number of graphic cards you are running the higher your profits even in a bear market but the problem is the electricity to run all these graphic cards, do you have free electricity or you are ready to keep paying for electricity bill even if profit isn't that much? I respect you though not every one can do this.
If the revenue from the equipment can't cover the power bill, I would shut off the equipment. I don't have free electricity, but it is quite cheap for GPU mining at 6-7 cents. I learned my lesson in the past: I should've kept mining at a larger scale during 2019-2020. The real problem is the rent for a small warehouse, which is $2000+/month. That comes out to 2-3¢/kWh. So my cost base would be the same as a home miner. At least I built special software for stratum switching which can boost revenue by 10%+.
244  Alternate cryptocurrencies / Mining (Altcoins) / Re: Don't make a big mistake miners on: May 10, 2022, 01:04:40 AM
That depends on a person point of view,if for example one believes that in the long run the price of the coins will increase then those persons will disagree with your statement while many people who became afraid and turn off their rigs when price goes down then those will agree with you.Personally I am one of the persons who believe in a big recovery after such a massive crash of Bitcoin price.If the price of cards go down I am get a couple more to increase my hashrate further.
I plan to do the same thing since I have witnessed the 2018-2019 bear market in mining. Even if there's never a big GPU coin again, the ROI seems to be 20-40% at 7¢/kWh for a farm with 500-1000 cards, which is still good.

I see crashes as a great opportunity to buy equipment at below-MSRP prices. I will make money no matter what direction the market goes in.
245  Alternate cryptocurrencies / Mining (Altcoins) / Re: NiceHash - 100% LHR Unlock on: May 10, 2022, 01:02:48 AM
No way, I was monitoring ETH mining difficulty for days now and the day that the news of the LHR unlock was released ETH mining difficulty rose from 13.8 P to 14.8P, now the difficulty is crashing as well maybe because people now see that the unlock makes not much difference in profits lol.
That isn't possible because it takes a few days or a few weeks from when miners buy new rigs to when they are online. Probably just a random fluctuation or coin profit-switching.

A more extreme example of difficulty lagging behind profitability is ASIC mining, where mining farms take weeks or months to build, so hashrate takes a long time to catch up.
246  Alternate cryptocurrencies / Mining (Altcoins) / Re: 100% unlock on V2 on: May 09, 2022, 05:18:48 PM
Miner type: NBminer 41.0 nvidia driver 512.59

GPU: inno3D RTX 3060 Twin X2 OC LHR:

cclock: @1552 // mclock: +1300

Hashrate: 49.00 +- 0.5 // Eff: 429.9 k

cclock @1552 // mclock: +1500

Hashrate: 50.10 +- 0.5 // Eff: 428.2 k
I have the MSI Ventus 3x RTX 3060 12GB model. The highest stable memory clock is +2200 MHz on Linux (+1100 Windows). I use MinerstatOS with T-Rex. The memory clock is why I'm limited to 46 Mh. One or two of them can probably get the same hashrate as you, but I need to make sure the entire rig is stable.
247  Alternate cryptocurrencies / Mining (Altcoins) / Re: Who've noticed the same ? on: May 09, 2022, 05:16:38 PM
What is happening is the memory is now being utilized to the max, so the temperature will be higher. This is also why the overall power usage of the card is 14w higher.
248  Alternate cryptocurrencies / Mining (Altcoins) / Re: 100% unlock on V2 on: May 09, 2022, 03:45:05 PM
You aren't getting the OC right friend, your RTX 3060 should be doing 50MH
I have a rig of ten RTX 3060's. 50 Mh is unrealistic except for the top 1% of golden samples. Most of my cards are only stable at a +1000 Mhz memory clock, which comes out to 46-47 Mh.
249  Alternate cryptocurrencies / Mining (Altcoins) / Re: Don't make a big mistake miners on: May 09, 2022, 03:21:18 PM
It looks like some stupid people are buying LHR graphic cards already or too many people already own many LHR cards, why I said this is because profitability after LHR unlock have gone so down, Now 100MH farm is giving 95$ per month compare to 150$ per month weeks ago.

And is going to get worse, I mean much worse, expect $0.40 cents of a dollar for 60 mhs per day in the bear market on eth, at the moment is $1.50, in november 2018, profitability crashed to $0.10 for 30mhs per day.

I foresee $0.80-$0.90/day of revenue for an RTX 3080 card in the real bear market. This is how conditions were during 2019. What will probably happen is ETH will be unprofitable and most GPU rigs will be mining FLUX/RVN/FIRO/etc. That's what happened in 2019; GRIN provided double the revenue of ETH.

Even at 7¢/kWh, the power cost will be $0.45/day. That leaves us with $0.40 of profit on average. Even if you bought the RTX 3080 for just $400, it would take > 3 years to pay it off. The only hope would be another GPU gold rush.

To mine 1 btc you need right now around 10k usd, so idiots are overpaying to buy 1 btc right now, they are overpaying 300%, bear market btc value is very close to mined value
It is much more expensive than $10k to mine a Bitcoin. Let's assume a farm buys an Antminer S19 95T for $6000 (includes buildout cost) on 5¢/kWh power. The power cost per day is around $4.00. Let's depreciate this miner over 4 years, which is $4.11/day of capital cost.

Cost to run the S19 = power + capital cost = $8.11/day
Bitcoins earned = 0.000407
Cost to mine a Bitcoin = 8.11 / 0.000407 = $19,926

So it's ~$20k to mine a Bitcoin for the average farm out there. I plugged less efficient and more efficient ASICs into this equation, but the end result is the same.
250  Alternate cryptocurrencies / Mining (Altcoins) / Re: GTX 1080Ti ETH hash miner 2022 edition on: May 09, 2022, 03:04:11 PM
I really recommend mining FLUX on your GTX 1080 Ti as well as other Pascal GPUs or the RTX 2000/super series. WhatToMine shows the profit is ~10% higher than ETH. The only downside is power usage will be about 200w.
251  Alternate cryptocurrencies / Mining (Altcoins) / Re: NiceHash - 100% LHR Unlock on: May 09, 2022, 02:58:30 PM
Are you seeing a big rise in ETH hashrate?
https://etherscan.io/chart/hashrate
Or the community hasn't updated their miners and mining software yet, or the LHR video cards are very few in mining.

It will take at least a week to see an increment in hashrate due to 100% lhr unlock. Few people are aware of it or haven't got the time to update yet.
The increase will be very small (3-4%) because LHR video cards are a fraction of the network hashrate, even under worst-case assumptions.
252  Bitcoin / Mining / Re: ? Hight electricity and Miner industry in USA on: May 09, 2022, 02:52:23 PM
I see a very expensive price for electricity in the us if these figures are correct.In the United States, it is unprofitable to engage in mining in a private house, and to get better rates, you need to be a large miner.
https://paylesspower.com/blog/electric-rates-by-state/

These kinds of comparison websites can be really inaccurate. The worst one is ElectricityLocal.com. Commercial tariffs are structured completely different from residential tariffs. Most of the electric bill for miners will be the energy, not the delivery unlike for houses. Yes, states with cheaper residential rates tend to have cheap commercial rates, but people really need to look at the 100-page tariffs.
253  Bitcoin / Hardware / Re: Whatsminer M20S reliability on: May 09, 2022, 04:51:22 AM
Most of the M20S have a very long service life. This is the machine with the best quality in my opinion. Now the price of the M20S 68T is about 2750$
Well, now that BTC price has plumetted even further, I think the M30S/M31S or T19 is a better buy at a 6¢ power cost.
254  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining keeps getting rekt on: May 09, 2022, 04:41:42 AM
I remember back in the 2018-2019 ETH bear market days. I think my old RX 470 4GB made like $0.20 profit using $0.20 electricity. So basically broke even. It was 30mhs or close to it. So that’s equivalent to like $0.70/100mhs.

Yeah mining sucked and it was cheaper to buy. ETH kept going lower and lower and I was waiting for those with expensive power to shut off their rigs, they never did. Difficulty was always high, even in bear market.
It was far more profitable to mine GRIN/RVN since I had GeForce cards. Revenue was $0.60-0.80 while power was $0.25/day. At least the video cards only cost $135 for GTX 1060 6GB's.
255  Bitcoin / Mining / Re: Experienced GPU miner thinking about starting an ASIC farm; what should I know? on: May 09, 2022, 04:09:03 AM
I'm a few hours north of Dallas in Oklahoma. My rate here is 4.3c per Kwh. Power is sourced hydro and wind so it's ESG friendly.  I'm literally looking over the damn/lake from my living room as I type this. I have about .5 Mw of capacity and can add more. I was going to do it and asics almost tripled in price and was no longer interested. I want to start a hotel of miners, I can go hands on if needed. lmk
That's an excellent rate. It might be a good time to buy more ASICs since BTC price has fallen more. I definitely know a few people who have enough capital to buy a few hundred kilowatts of miners, but are having trouble finding a decent mining site + somebody to maintain it. Send me a PM if you want me to get you in touch with them. Perhaps the three of us can each bring something to the table. I myself have custom software to boost profit and I can do most of the boots-on-the-ground work.
256  Alternate cryptocurrencies / Mining (Altcoins) / Re: GTX 1080Ti ETH hash miner 2022 edition on: May 09, 2022, 04:00:22 AM
you should be able to change clock speed on dc product with nvidia-smi, at least I have been able to in the past unless they locked it in later drivers..
Nope, I tried everything, it is locked to 1328 MHz max. Flashing the BIOS is extremely difficult on all NV cards newer than Maxwell. Power limit is not the problem. Welp, at least they are very efficient cards considering their age...
257  Bitcoin / Mining / Re: ? Hight electricity and Miner industry in USA on: May 09, 2022, 03:30:26 AM
The price of commercial power at 1 MW of load (300 S19/M30S ASICs) on publicly available tariffs in competitive markets is 5¢-10¢ in 95% of the cities in the U.S. The remaining 5% of the country has power cheaper or more expensive than that. States like Washington, New York or Texas have rates on the lower end of that range, while CA/NJ/FL are on the upper end.

Mega miners usually sign special deals where they can buy bulk power directly from generation stations for as little as 3-4 cents. The cheapest source is probably flared natural gas.

Sadly, most of us are stuck with using grid power. I can speak to North Texas in particular: the rate at 1MW primary on ONCOR was ~5.7¢ over the past 12 months with 96% uptime (other utilities are similar). In eastern Pennsylvania it is 7-8.5¢.

The delivery charge is usually 1-2¢ of the bill for most utilities, and usually goes down as you use more power and/or buy your own transformers. The energy charge is typically 3-6¢ on the open market.

Rates can vary tremendously in different parts of each state. Upstate New York has cheap power (4-6¢), but Long Island is a ridiculous 12-15¢. You also need to watch out for smaller utility companies in non-competitive areas. I visited a warehouse in the Middle of Nowhere, Texas where I thought the rate was 6-7¢, but it was actually 8-9¢. In general, if you're using grid power, don't set up shop in a rural area because they won't have enough power available.

Is the energy price in the U.S. reasonable for ASIC mining? Of course, as long as your farm is in one of the cheap-energy states and you don't use equipment that is too old. Looks like the sweet spot is 40W/TH, while miners less efficient than 60W/TH are risky especially with the falling BTC price. The higher the power price, the newer the miners should be.

The biggest factor you'll need to worry about with a U.S-based farm is the tax law. The coins are considered income the moment they arrive in your wallet. Therefore, you need to re-invest the coins into new equipment before the end of the year to avoid income tax.

Let me know if you need any help estimating your energy cost. I have spoken to a few energy brokers and I have custom software to calculate historical market rates, then find the best hardware based on that rate. It can also lower power usage during peak pricing.
258  Alternate cryptocurrencies / Mining (Altcoins) / Re: GTX 1080Ti ETH hash miner 2022 edition on: May 09, 2022, 12:53:34 AM
The only workaround to the Pascal TLB bug is to run at a higher clockspeed, but that means more power usage, as you discovered. Unfortunately I can't do this on my P100 16GB cards since all the clockspeeds are locked because it's a 'datacenter product' according to NGreedia.
259  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining keeps getting rekt on: May 08, 2022, 07:47:12 PM
If you think $1.50 of revenue/day for 100 Mh/s is too little, wait until the true bear market starts after ETH PoS... we'll be lucky to get $0.80/day of revenue for 100 Mh.
260  Alternate cryptocurrencies / Mining (Altcoins) / Re: Don't make a big mistake miners on: May 08, 2022, 06:28:28 PM
i disagree if you can and you are in a process of buying FHR and now LHR is cheaper with the same hashrate. price will soon be the same so MOVE FAST!
Totally agree. It will be a matter of time until the prices of LHR cards rise, while FHR cards decline. But I would wait for another 1-2 weeks so the recent downturn in BTC/ETH price is reflected in video card prices.

I don't plan to buy any other cards right now, I'll continue to mine with the cards I already have and it's already paid, but it will be interesting enough to follow the changes
That is what I will be doing as well. Now that BTC is cheap, I'll dollar cost average all mining revenue into buying BTC. At the end of the year, I'll decide whether or not to build more rigs. If PoS gets delayed or the PoS merge already happened, I will build a lot more rigs.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 [13] 14 15 16 17 18 19 20 21 22 23 24 25 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!