I didn't get the email but my order changed to "shipping" status. Finally. I hope next week it'll be here. I remember l3+ after the email it took 6 days to get tracking numbers and 2 more to arrive.
By chance what was the last 4 digits of your order id? |
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Appears like a delay for Oct batch. Haven’t received shipping yet. We willsee soon hopefully  . |
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the price of gpu at my place drop arround $50-$70'i think time to buy gpu again?
This phone difficult to mass quote. What prices are cards? It may be time soon again if $50 off AMD. |
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Another thing is never reach the max hashrate of cards. Try to undervolt/ underclock to find the best efficiency of hashrate for long run. It will help rigs run cooler, longer, more stable.
Yes. Great example is I had this rx 570 8gb that hits 660 H/s on Monero while my rx 580 8gb gets around 680 H/s. To top it off the cards would stay around 43 degrees C which is incredible temperature while using almost 80 watts per card. |
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I'm new to mining, I just started mining the new Gopnik Coin for fun but I was told it's really not efficient because it is a Scrypt algorithm.
So if I understand correctly, I should be mining ZCash with GPU? I have AMD R9 280X, does this even matter? ZCash is the most profitable for all GPUs?
I believe that hashes around 170-180 h/s which is fairly decent. If you own any nvidia 10 or 9 series zcash all the way. Since you have AMD I would read around for several popular coins and calculate ROI based on other peoples tests. |
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There's also a good ROI on platinum/titanium psu. Imagine gold psu = 89% efficient, titanium = 94%.
The psu is 1500W, and you use 1200W. 5% efficiency difference is ~ 60W lost.
60W over a year = 60*24*365/1000 = 525KWH wasted due to poor efficiency.
If your electricity rate is $0.10, thats $52 lost. Over 5 years, that's $250 due to efficiency loss. If you're in mining for the long haul, it makes sense to go for platinum/titanium psu
ExactlY. You will net more in the long run. When there is a sale on platinum psus it is a good idea to buy a few. Also when purchasing I recommend browsing reddit build a pc threads. There are insane deals there sometimes. The only reason to buy on eBay really is due no tax in most listings and they have a special 8% cash back - 10% if you sign up for receiving messages.I live in California and tax kills so its sometimes useful but people have to list their items higher because ebay has huge fees for listing. The place to go for stuff is B&H photo. It's tax free in Cali . |
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Well this list is a generally pretty good list of tips but I do think you shouldn't be so certain in some of your statements.
For one your "If I can do it, so can you" statement is a bit misleading as you started in June and had three relatively good months of profit. Newcomers to mining are entering at the beginning of a rapid deterioration in profitability coupled with hardware prices still selling for a premium, this includes used equipment as well. Claiming users may need to wait up to 150 days (which is actually a quite good time for ROI) is also a bit misleading as the number is likely double that if not longer for the reasons I just mentioned.
Everything else though I agree with for the most part and can be applied to existing miners. I just don't think we should be encouraging new miners to invest so much at this point in time as the future is quite uncertain and once ROI projections get out to a year or more it really is questionable if they will ever recoup their investment.
I can see what you are saying. Regarding your first point, if you ignored all the gpu mining is not profitable in November December, January February, March and held on those were even better months to mine with the difficulty much lower. My main intention was to counter all the FUD with the "gpu mining is dead". Also most people want ROi in 2 months. I'm trying to set a baseline minimum. At current rate it might take even 200 days but I think there is another rally about to occur. I think we should encourage others to try but not throw everything in. Risk only what you can risk. |
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just transferred zec to polo, will cash in and buy 3 more 1080ti, anyone wanna sell theirs cause whole cryptoworld is going to collapse very soon  Dude stop copying. I just sold some too. Let them panic sell. We need gtx 1080ti going for $500 and less. Probability ZERO as long as it is the current "top gaming card". Be happy it's back in the $700 or a bit under range again, where it was in January. Well we can always try to spread FUD . |
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just transferred zec to polo, will cash in and buy 3 more 1080ti, anyone wanna sell theirs cause whole cryptoworld is going to collapse very soon Dude stop copying. I just sold some too. Let them panic sell. We need gtx 1080ti going for $500 and less. |
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EVGA PSU are nice and a bit cheaper but they annoying me greatly with them only have 6+2/6 PIN GPU connectors for thier 1000/1300w PSU it makes hard if you have cards with dual 8 Pins or just multiple 8-pin cards. I'd recommend Corsair 1000w RMX or Antec 1300w HCP.
I have this thermaltake titanium PSU that also fails with the 6+2. The rm1000x is a godsend as it does have a bunch of two 6+2 pin. To compensate, you can find some 8 pin to 2 6+2, but they can be pricey. I think they can go for around $3 per. |
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Imo mine zcash and trade for litecoins. I have two 970s making $1.60+ a day after electricity. At current moment its $2/day on zcash. Awesome  . |
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For the PSU, I would add that only buy GOLD/PLAT/Titanium rates PSUs, these are going to be running 24/7 you want quality and efficient powersupplies
Good point. I recommend gold as a minimum. The cheapest way to power lots of rigs is to buy a small psu paired with an hp server psu. I personally have Corsair and Evga. Both have been too nice to me. They send me back new PSUs anytime I've had issues. |
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If you are new to GPU mining here is my advice to you.
Do not pay high prices for GPUs with the promise of great returns.
Do figure out how to stack discounts when buying online.
Do not buy anything on ebay unless it is truly a great deal.
Do consider buying a good PSU.
Do buy hardware when people panic sell.
Do not fear buying used, but always buy newer models from companies where warranty transfers such as Evga.
Do your research on the best models to purchase.
Do not sell your coins after the panic. Sell during the rush.
Do optimize your miners. This will pay off in the long run.
Do expect a long ROI at around 150 days minimum. This is not a get rich quick scheme unless you were mining in May/ June. Be willing to learn how to trade coins to maximize profit.
Zcash is your friend.
For science I purchased a bunch of GPUs in June to add to my existing arsenal. These rigs are 75%+ paid off already. If I can do it, so can you. Any questions feel free to ask.
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Double check your figures at the wall. There is no way mining ZEC with RX 570/580's uses 75 W less per card than dual mining ETH+DCR using the same undervolt settings. Mining Monero, maybe. I'm actually getting almost the same power usage as dual mining since ZEC uses a much higher core clock than mining ETH.
I find monero to be a better coin for AMD especially with the cheap 570s. |
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I remember back a few years ago I made the mistake of buying these gridseed miners and spent 10k on them. The difficulty increased as the price of litecoin/dogecoin dropped so I was a bit upset. Pretty much mined millions of doge coin and had it stashed away never to be seen I think around 7-10 million. This reminds me of that time except I think I'll make more. And I did end up making a lot in the end.
Looking back you can win if you hold and wait, but less risky if you find a good time to buy coins. At the current time there is still upside potential which is why people are willing to buy at these prices.
For those paying 8-10k for the miners, I think it was too much. Probably a better idea to buy around 6-7k but people probably just mine with the machine at thst point.
There is risk involved like any other investment so please consider the risks before purchasing anything.
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Where are you located and what is your price. I have one used for a few days i have been keeping as a backup and one new one.
I'm located near the bay area. I'm not exactly sure the price, but for the used one could you go $150 for it? $170 for the new one? |
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Looking to buy 4 of these. Would prefer new, but if you have avaliable please pm or leave price here. Need to use bitrated or escrow unless you would like to meet locally.
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Corsair HX1000 Platinum.
Ran fine for over a month, why would it not be sufficient now?
It should be sufficient, but you should rule things out. What is your oc settings and what power limit for the gpus? Try testing each gpu and do what the guy before mentioned. |
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This reminds me of the litecoin thread back in May. When prices dropped everyone was creating these estimates, pretty much same verdict that the L3+ would be unprofitable. This was followed by more evidence as the market had a correction. We all know how that turned out. Let's wait until the first two batches ship before discussing more. At the end of the day just risk what you are willing to risk, but do not throw your life savings away.
I don't know how that turned out as I wasn't mining back then but hoping you could tell me? What was the market correction? Litecoin went from high $30s maybe close to $38 to $24 which was a significant move down during that time. Thus FUD was spread. Its funny because it happened again later to roughly same values. I remember a lot of people saying July batch would not ROI let alone any batch later. when they anounced l3+ it was 7-8 usd and after that went up and went down as u said People came out with estimates during that time too. The conclusion was April would barely profit. Check the thread again people were saying that because it came so close to May release after a delay and were getting pissed off. Mid May after the break more fear and FUD when the price dropped as I mentioned earlier. The conclusion is people don't really know what will happen. Maybe dash drops a lot but then next year hits new all time highs. Who knows? Maybe bitmain has some issue and delays batches or has to halt production. Or maybe this is just a huge paper weight in the making. Let's make estimates when the network increases and we can get a better idea of batch sizes. |
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