Not at all. It depends on CPU you buy -> but yes i bought no CPU for mining -> but i use my mining rig CPU´s for mining  But a Ryzen CPU is worse to buy for mining -> example my R9 3900 (bought for chia plotting) cost me 400€ and the CPU give between 2 - 5€ a day -> 100 - 200 days to touch the ROI -> what GPU can give us a ROI between 100 - 200 days? But i am agree, i would never build a RIG only for CPU mining -> but you can push the income of an rig a little bit. By the way i am mining with profitswitching on zergpool and let me pay in BTC -> over 0,5BTC mined by my CPU´s in the last years. I don't buy processors for mining because GPU mining is more efficient. I can exchange mined coins for Raptoreum, CHIA and not waste my time on different types of mining. When the coin becomes more recognizable, ASICs and FPGA algorithms will appear for it. Miners also thought that ASICs would not be invented for Ethereum, but they solved this problem in a few years. |
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actually you don't have to have 32 eth you can also join a pool and therefore participate with less eth, is it worth it? obviously yes, why? because even if the earnings will perhaps be less, it will not be necessary to have active expenses such as buying expensive gpu and consuming energy it will be all gain
Does it matter which pool or exchange you join if you don't assess your risks? Vitalik Buterin talks about decentralization, and you are ready to entrust your coins to custody services or smart contracts. If you are staking, please tell us what service do you use? |
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I think it is a good decision to do ethereum staking if you strongly believe in it and you have ethereum that you don’t use.
I don’t think this is a good decision because you don’t know when your coins will be unlocked. And during this time, you can, for example, sell ethereum for $ 6,000 and buy this coin, for example, for $ 2,000. After the end of Ethereum mining, users will be able to manage their coins, then you can think about such an investment. As he said before, it's good only if you strongly believe that this coin will have higher price than right now in the future, so the focus is no longer about the current price or we could have a chance to sell it at high price and buy it again lower, but it's about earning the amount of ETH as much as possible and sell it later in the future. So it's no problem we don't know the exact date when our coins will be unlocked in the future. This is a good way to block your coins to prevent them from being sold  The prices for coins in the markets do not always rise, and it may turn out that when you need your money, you will not be able to take it. Less than 6% per year is a very small price to pay for such restrictions. If the price rises 2-3 times, then I will not be upset that I did not earn 6%, but if the price falls and I cannot sell coins, then this is a problem. |
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I don't think using a stop order will help miners. Stop orders are used by traders to manage their risk.
For example, if you place a stop order on Ethereum at $ 4,000, the price will drop to $ 3,500 and your coins will be sold, and then the price will go up to $ 6,000, and you will regret it.
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I think it can be a good thing the Ravencoin's halving, if the price goes up it can easily compensate the halving. All the other proof of work blockchains minable with GPUs are very small blockchains compared to Ethereum blockchain. When ETH will be proof of stake you will see all the hash rate get distributed and moving regularly from one PoW coin to the other but yeah I'm pretty sure the profit will never be as good as now. My bro is a software engineer working for a DeFi company and he explained to me lately the latest developments in the Ethereum world and frankly these PoW coins like Ergo, Ravencoin etc. are simply not in the train in terms of future technology. Almost everything is happening on Ethereum blockchain (lately it's the Layer 2 boom https://l2beat.com/), the PoW coins are simple investment vehicles. Even Ergo doesn't have a lot of resources for coders, the vast majority of developers are on Ethereum. Cardano coming soon will be interesting to follow because it will be possible to have your own blockchain... let's see. Pretty amazing concept that I don't understand all the details for sure hehe. How many Ravencoins have you bought now to earn 100% profit in a few months? I think you agree that "thinking" and "doing" are very different I don't think PoW coins will disappear. Monero will be relevant for a long time. But the further situation with video cards after Ethereum mining is very interesting to everyone. I do think GPU crypto mining will remain for many more years but the profit will drastically drop for sure and from now I can tell without a doubt the future is Ethereum. Maybe Cardano will become a competitor and maybe Ethereum will encounter challenges but if you analyze what is actually going on under the hood in the crypto world, I mean the latest and most exciting developments, Ethereum blockchain is almost always involved!!! My biggest mistake in mining is listening to different predictions There are a lot of coins, so you will have to spend more time researching and looking for new projects, because in recent years, Ethereum mining has made us lazy. But there is still no exact information about the end of Ethereum mining. |
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Hey there, new to lolminer so far I like it. One issue though, I have a 3080Ti that works fine getting 75ish mh/s at 240W then for some reason the power usage goes up to max after 12 hours or so using MSI Afterburner to tune. Anyone else having that issue?
Are you using in EXTRAPARAMETERS the --cclk 1150 So you will fix to 1150 the clock of the 3080ti If using Afterburner I shouldn't need that parameter should I? I can give it shot though but I thought AB would take care of that for me. Added parameter --cclk to fix the core clock of Nvidia Turing and newer GPUs without using external tools.Choose the best parameter from these values Fix Clock Nvidia for Cuda by lolMiner (English) https://github.com/Lolliedieb/lolMiner-releases/wiki/Fix-Clock-Nvidia-for-Cuda-by-lolMiner-(English) |
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I think it is a good decision to do ethereum staking if you strongly believe in it and you have ethereum that you don’t use.
I don’t think this is a good decision because you don’t know when your coins will be unlocked. And during this time, you can, for example, sell ethereum for $ 6,000 and buy this coin, for example, for $ 2,000. After the end of Ethereum mining, users will be able to manage their coins, then you can think about such an investment. |
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I think that if the password is long, more than 14 characters, then it is a waste of time.
Any passwords can be cracked on video cards, but it takes a lot of time and energy costs.
Although these resources are best used for mining other coins.
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What do you think about staking rewards Vs mining rewards? With the looks of things presently I fear that GPU mining is dying cos look around you how many new projects are adopting PoW algorithm? Mining 5 years ago was better than mining today, every new projects are talking about APY returns and staking only, what do you think? Wrong or not?
Staking is not mining. The staking of serious coins is very small. For example, if you are involved in staking Ethereum, then the annual profit is no more than 6%. Mining brings more profit and less risk. But if you participate in staking shitcoins, then these are very big risks. |
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The backplate of my 3070ti always gets so hot when I touch it but the temp is around 57°C while the memory temp is around 82°C, should I be worried? I ran from 3080 and 3090 because of this hot 🔥🔥🔥 am I safe ?
If you have the opportunity, then install additional radiators for cooling on the backplate. Radiators can be attached with hot melt glue. Or install additional coolers that will remove air between video cards so that one video card is not heated by warm air from another video card. |
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I think it can be a good thing the Ravencoin's halving, if the price goes up it can easily compensate the halving. All the other proof of work blockchains minable with GPUs are very small blockchains compared to Ethereum blockchain. When ETH will be proof of stake you will see all the hash rate get distributed and moving regularly from one PoW coin to the other but yeah I'm pretty sure the profit will never be as good as now. My bro is a software engineer working for a DeFi company and he explained to me lately the latest developments in the Ethereum world and frankly these PoW coins like Ergo, Ravencoin etc. are simply not in the train in terms of future technology. Almost everything is happening on Ethereum blockchain (lately it's the Layer 2 boom https://l2beat.com/), the PoW coins are simple investment vehicles. Even Ergo doesn't have a lot of resources for coders, the vast majority of developers are on Ethereum. Cardano coming soon will be interesting to follow because it will be possible to have your own blockchain... let's see. Pretty amazing concept that I don't understand all the details for sure hehe. How many Ravencoins have you bought now to earn 100% profit in a few months? I think you agree that "thinking" and "doing" are very different I don't think PoW coins will disappear. Monero will be relevant for a long time. But the further situation with video cards after Ethereum mining is very interesting to everyone. |
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I had the experience of using 35 RX570 video cards and analogs in a 30 square meter room without air conditioning.
Several holes in the wall measuring 10x12 centimeters were used for ventilation.
For 3 years, more than one video card did not break, although in the summer it was very hot in the room.
The summer temperature rose above 35 degrees for several weeks. This summer was very hot
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We have a joke about that.
You can be happy when the money is in your bank account or in cash in your safe.
While this is a virtual profit, and if you do not apply the correct risk management, then you can not sell coins on time and earn nothing.
Investments in cryptocurrencies are more sought after than investments in mining.
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Here are my previous experiences with warranties, all of my cards are bought from Newegg global and I live in the Middle East:
A MSI 1070 RMA, they asked me to ship it to USA, they replaced it with a 1080 which was super neat! but only accepted to ship to a US address, so I had to use a freight forwarder.
An EVGA 3070 DOA RMA, they asked me to ship it to Germany, they shipped it back to my address in the Middle East.
A Zotac 3060 RMA, they asked me to ship to USA, and they would only ship the replacement to a US address so I had to use a freight forwarder as well.
MSI took around 4 day to process the card once they received it. EVGA processed it in a single day and Zotac took a week.
Hope that helps!
Has the company reimbursed you the cost of delivery to and from another country, as well as courier services? https://www.newegg.com/Seller-Store/globalI look at the offers on this site, and there 1660 super cards cost $ 840, in my country these cards can be bought for $ 1000. Now the demand for video cards has decreased and it is probably not so profitable to buy in other countries. |
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If we see huge alt market at the end of the year will this affect crypto mining profitability? I remember in 2017 where even a 30MH gives 10$ to miners due to loads of sell and buy in that time being
most of altseason happen lately arent mineable coin, only eth&erg that quite profitable but lower profit compared 2017 bullrun 2017 bullrun is crazy fast pump, and only few minier has the rigs, compared today are crowded, and eth already killed most of profit by burning fee mechanism Exactly 😂😂😂, nothing is going to be crazy for miners like that of 2017 ever again cos most new coins are now moving away from proof of work algorithm which is a big shame honestly If you look at the 2017-2018 hash rate statistics, it will be clear that the current bull run is much stronger. In the 2nd quarter of 2018, the profit decreased greatly, and the hash rate decreased only after 6-7 months. I think that if Ethereum changes the algorithm in Q2 2022, then hardware sales will begin in 6 months. |
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It is better to make a mistake now and lose a few thousand dollars than to regret later that you did not invest in this coin.
If the price of the coin falls, then I will buy more.
I will have to wait a long time, at least until the first halving, but it's even interesting.
Of course, I do not advise beginners to do this, because they need to quickly recoup their investment.
Okay.. The decision is only up to you, but I have to tell you something. While chia can't list the coin anywhere, Utopia p2p listed both of their coins on a new exchange yesterday - Crypton and Utopia USD. I think it's a great step and it will be interesting to see how it will affect the coins. I bought a coin on the exchange https://www.hotbit.io/This exchange does not require a client verification procedure. I bought this coin for $ 150-160 and will buy more, but I will probably place orders for $ 120-130. I will have to keep the coin for several years, but the official wallet is not very convenient. It takes a very long time to update. |
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No problem.
I want to say that many people are trying to calculate profit from ASICs that are not yet for sale.
Perhaps if you receive this ASIC one of the first, then the first month the profit will be the same as in the calculator.
But then, as ASICs are sent to many buyers and start mining, the profit will quickly fall.
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What is the risk of fires?
There is no risk of fire from a PCIe 1-4 splitter.
The splitter does not carry power to the risers or even draw much from the bus to power its operations. Its same as a riser only moving data.
Maybe this is missed typed or misunderstood but a splitter like a riser reduces chance of fire from over taxing the mobo bus power.
I agree that there is no need to worry about the fire, although this tale is very popular. Most opinions say that using such splitters is not the most reliable solution for stable mining. The main problem is that these splitters do not work with all motherboards, so they are useless in many cases. |
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