If he wants to mine for fun then just let him. This is no different than people buying those USB Sha256 stick miners and mining bitcoin with them in 2015+. Basically you will never find a block, and if you pay anything more than 1 cent for power, you will never even break-even. But people still buy them, even if they unprofitable instead of buying the coin because they do it for fun and to get into a hobby.
He has the right mindset, same as the people I knew in 2016 who were mining ETH when it was $10/coin and they were breaking even on power costs. But they held all that ETH until it hit 4 digits and laughed all the way to the bank.
There is many approaches on mining. "Why on the same street same kind of shops which sell same goods do better some others and some gets bankrupt " Same with any other business if you don't have a clue what are you doing you will fail. There will always be a way to make money in mining until pow exists. You just have to find cheapest OPEX and CAPEX , that balance will make you profit. Doesnt matter what currency price does, if most of the people mining profit doesnt cover OPEX they will go bankrupt. This decreases difficulty and gives you access to more coins with the same hashrate. I think it as a race, if you can do cheaper then anyone else you will always be a winner. You need to look at historical mining profit charts, and see what is the lowest costs you need to get to stay in business all the time. If you can do this, then mining is quite safe business. Of course if someone who wants 1-2 mining rigs from home is not the case. |
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How can I use your soft ? Follow the installation guide in video. Let me know if have any issues |
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So... you're not really giving up on mining with $0.15 per kWh? With all the maintenance costs and this price of electricity, I'd recommend you to get your solar energy system completed before increasing the number of your rigs (that solar setup should be your priority IMO). I gave up on mining due to having the power valued at $0.12 per kWh (it didn't really look like being worth it even at that price), and it's interesting to see someone else trying to build up a mini mining farm with an electricity cost more than mine; I sort of appreciate that!
About the wallets, it totally depends upon what YOU are going to plan with your mining revenue. Do you plan on trading them? Or just HODLing them?
There is good stories and there is bad stories. My personal experience has been quite good, started mining eth in 2016 with 13c € a kw/h , paid power from my poket. And managed to make good few Zeross with only 6 mining rigs. Its not a luck, i belive harder you work luckier you get...ha ha ha |
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Thanks for your help / advice guys... always better to hear other peoples views.
I am hopefully planning add 2 x AMD rigs to compliment our existing 580 rig...
and then start adding Nvidia rigs aswell to make a mini farm.
I have not looked into the 1660ti so I will do some research into these... but its looking likely I will have 1070 and 1660ti rigs going forward.
Do you guys mine to coinbase wallets and extract onto a Ledger Nano or sell/trade weekly/monthly?
Thanks
Another Card you should look into is latest AMD RX5700/XT , Very efficient mining ETH about 60mh/s at 100watt. Best To use ofcourse is some ledger wallet, but if you want to wash them trough exchange. Use some exchange where you can deal without KYC  Think Binance has 2k daily limit without KYC |
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Welcome to Crypto, Full of SCAM  |
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At that power price, mining will be quite tough now. But the most suitable cards which will be at profit mining eth at that electric price , would be 1660TI . They are very energy efficient. But also quite pricey. They are quite efficient also on algorithms for grin, raven beam etc... Current profibilaty 6xgpu 1660ti mining rig at your electric price.  Checkout i did some benchmark testing : https://mineshop.eu/2019/04/25/nvidia-gtx-1660ti-mining-benchmark-testing-on-hiveos/ |
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Nope, I think the idea is a bit different. Of course you can achieve this hashrate without immersion cooling. But you won't be able to keep it stable without good cooling system as ASICS would be overheated. That's why I think that their solution is good.
Not true, im running 18th/s for 6 month now and no issue. Of course climate here is around 20c all the time. What firmware do you use to reach this results and what is the temprature on chips? I use hiveos with asicboost https://www.youtube.com/watch?v=kcS-kFhi1aM&t=Power usage at 18.3th/s is 1850watt . Chip temperatures are 70-80c Is it yours youtube channel? yes |
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Nope, I think the idea is a bit different. Of course you can achieve this hashrate without immersion cooling. But you won't be able to keep it stable without good cooling system as ASICS would be overheated. That's why I think that their solution is good.
Not true, im running 18th/s for 6 month now and no issue. Of course climate here is around 20c all the time. What firmware do you use to reach this results and what is the temprature on chips? I use hiveos with asicboost https://www.youtube.com/watch?v=kcS-kFhi1aM&t=Power usage at 18.3th/s is 1850watt . Chip temperatures are 70-80c What make you think that? here you can see rock stable http://prntscr.com/p8rntu |
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Nope, I think the idea is a bit different. Of course you can achieve this hashrate without immersion cooling. But you won't be able to keep it stable without good cooling system as ASICS would be overheated. That's why I think that their solution is good.
Not true, im running 18th/s for 6 month now and no issue. Of course climate here is around 20c all the time. What firmware do you use to reach this results and what is the temprature on chips? I use hiveos with asicboost https://www.youtube.com/watch?v=kcS-kFhi1aM&t=Power usage at 18.3th/s is 1850watt . Chip temperatures are 70-80c |
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Nope, I think the idea is a bit different. Of course you can achieve this hashrate without immersion cooling. But you won't be able to keep it stable without good cooling system as ASICS would be overheated. That's why I think that their solution is good.
Not true, im running 18th/s for 6 month now and no issue. Of course climate here is around 20c all the time. |
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Hello, guys Take a look on this exclusive mining farm by Beeminer. This immersion cooling installation for mining level ups your hash rate in 1.5 times. Here is the video https://www.youtube.com/watch?v=G7eza5FpIH0&t=4sThere are some more advantages: no pollution on ASICS, no noize, stable temprature. Waste of money, i can reach same hash-rates without immersion cooling. If he is saying its 1.5 faster , it doesn't mean this is achieved from cooling its achieved by software. In cool enough environment (under 20c) you can cool them down with much cheaper solutions like containers etc... but there are countries where the climate is hot and you need this solution probably. do you have your hashrate stable on the level like this? Well yes only if outside temperature is over 30c. Im not saying you cannot use it, the video is total joke. Its been said there this hashrate is been achieved because of immersion cooling, bs. |
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Hello, guys Take a look on this exclusive mining farm by Beeminer. This immersion cooling installation for mining level ups your hash rate in 1.5 times. Here is the video https://www.youtube.com/watch?v=G7eza5FpIH0&t=4sThere are some more advantages: no pollution on ASICS, no noize, stable temprature. Waste of money, i can reach same hash-rates without immersion cooling. If he is saying its 1.5 faster , it doesn't mean this is achieved from cooling its achieved by software. In cool enough environment (under 20c) you can cool them down with much cheaper solutions like containers etc... |
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There are several reasons for price increase of ATOM token. First of all, they have announced the staking model, which is less valuable in media sphere. But the big price increase is happening because of Binance. They have added ATOM to margin trading 10 hours ago.
Yes as always speculation  But project seems very interesting. |
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I want to follow atomic staking, but the price is very expensive and continues to rise, and the problem is I do not know how to set a wallet to be able to staking,
is there a wallet that we don't need to make special settings but we can staking easily.
Do you use ledger nano wallet ? It's actually quite easy, checkout the video i have posted it might help. What i was using was ledger wallet and then opened web wallet https://lunie.io where i started staking in 5 mins. Good thing i like about ATOM staking that it isnt like Stratis where you need you pc running all the time. You just delegate your coins to Validator and take the same profit if validator doesnt have fees. |
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any news ?
You mean why the price keeps going up? yes, naturally. Just my opinion , as there is less and less supply in market. Because more and more Atom Tokens are locked up for staking. It will be extremely volatile. Also usually new comes after price rise |
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Think the best setup is need to get motherboard which supports multiple gpu 6+
That way you wont waste your money, just building a CPU rig.
I would go for Biostar TB350 and Ryzen9 3900x
Add some Nvidia 1660 ti or AMD RX570. Do CPU and GPU mining at the same time. Use CPU to mine Monero and with GPUs for example mine Ethereum.
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any news ?
You mean why the price keeps going up? |
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As for motherboard i would go with the msi B450 Tomahawk or the msi B450-a pro but all msi b450 boards have the bios button. Easy to flash the motherboards without cpus.   what type of ram for 55? i have bought a 190€ board , because was the cheapest. and now price of 3900x is 780€. price in europe skyrocketing every day Is there any dual CPU boards for Ryzen 9 3900x? |
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To build our own mining rig, we require best mining GPUs, best mining CPU, best mining mother boards and best mining SSDs which help us to get started but to effectively and efficiently mine cryptos how can we find the outstanding quality rigs. Do I also need to implement any other switches?
very true.. without the right component rigs begin to crash or have many problems .. i dont know how people do to mine with celeron . i tried it and the rig is very slow and crashes on many algos. i was thinking the same thing. we need the right stuff to mine. processor ryzen or i7 . many gb of ram . good risers . good mobo . good psu . If you are for mining profits, it doesn't make sense to use expensive hardware for mining. Most expensive should be only your gpus which are actually used for mining. Other parts like CPU and RAM are not as important as 4gb cheapest ram and cheapest celeron cpu is enough to build 12gpu system on linux mining software. Which will be rock stable. You want your parts cheap as possible , so you get back your investment as fast as possible. |
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To build our own mining rig, we require best mining GPUs, best mining CPU, best mining mother boards and best mining SSDs which help us to get started but to effectively and efficiently mine cryptos how can we find the outstanding quality rigs. Do I also need to implement any other switches?
Gpu is what you have to make up your mind, do you want price per hash or price per watt, also which coins you will be mining as different coins different gpus are more efficient, for example some with nvidia some with amd. All other components is very easy take a case like this, price is crazy cheap to start.  Installation also easy. |
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