Mining at this point is profitable again if you have recovered the investment you have made to buy your mining equipment.Mining Ethereum with a six graphic cards rig with a 0.07 dollars kilowatt energy price makes you about 50 dollars profit.
It may seem a little now but who knows how high the bitcoin price can go so why turning off the rigs now.
Eth is nearly profitable again, it is true - but 0.07USD electric is very cheap! Sure, if you have prices that low get cracking - just know you are lucky! UK is nearly triple that @ standard residential rates. I have only one mining device at my home and energy is expensive here for residents.I manage a few mining rigs for some of my colleagues and they keep the miners in our company and pay preferential rate of 0.07 dollars per kilowatt so they have turned their rigs on from a few months now. I would mine even at Uk rates because I think the crypto can boom again soon and even higher than December 2017. Bet you wouldn't! I did for a few months, but once it is clear that you are actually really spending £800 a month electric and get £801 (or less) in crypto one does start to think 'WTF am I doing?' - it's basically a very, very time and hardware intensive method to avoid using an exchange. |
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On most GPU's you can take off the plastic-fan-cover relativ easily (just find the screws). Buy 2 or 3 of these 92mm fans and attach them with cheap and simple cable ties. Connect them with max speed directly to your PSU. On some cards you can connect fans directly to the GPU, so you can change the fan-speed with your preferred software.
-snip-
This will work. And in my own experience, it delivers better cooling than the stock fans ( at least for my cheap brand GPUs).
@ Harai Goshi Though I'm puzzled with your " fan cost problem", maybe you're talking about the whole HeatSink ( Metal Part under the fan) and Fan for the GPU? The fan alone should be cheap ($20±) and wont cost you more than a quarter of the whole GPU. Yeeeeah - depends on the GPU. I had a load of XFX RX 470s. New fan on feebay was £20. 2nd hand XFX card goes for £50-60. As the man says, better to sell the parts and just buy another card in that case. But to the OP, as folks have said, get any decent PC fan and cable tie it to the gpu, connect to molex/sys fan so it runs flat out. It'll do the job for pennies. Obvs check temps once you start mining to make sure the fan has enough cfm and pressure to do the job... |
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Mining at this point is profitable again if you have recovered the investment you have made to buy your mining equipment.Mining Ethereum with a six graphic cards rig with a 0.07 dollars kilowatt energy price makes you about 50 dollars profit.
It may seem a little now but who knows how high the bitcoin price can go so why turning off the rigs now.
Eth is nearly profitable again, it is true - but 0.07USD electric is very cheap! Sure, if you have prices that low get cracking - just know you are lucky! UK is nearly triple that @ standard residential rates. |
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In the first page, the answer is 2k $. Is this same in current conditions and what about profitability? Any expert?
Roughly, yes. Buuut...depends if you buy 2nd hand or new GPU's, and of course which model you pick. This decision depends on what algos you plan to mine, and also your electric rates (for example, RX470s are OK on ETH, but expensive to run if your electric is high). Basically a 'gpu rig' can be anything from a 2nd hand bunch of chinese fake gpus and a clone psu nailed to some wood, through to a professional grounded setup with server psus/EVGA ATX and brand new premium GPUS. Obviously the cost is very different, as will the potential revenue. It's a bit like asking how much a 'car' costs, and how fast it goes... |
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Junction temp is the max of all sensors. The gpu will start throttling around 110c, so really that is the threshold AMD considers ‘safe’, not 90. That being said, lower temp = longer lifespan.
I’m uncomfortable w/ 80c, but these guys run hot - without drastically reducing performance, or altering the cards cooling solution, it is what it is.
Thanks for the info mate. Oh wow! 110c is safe ouch! That will definitely burn out the cards very quickly. I've literally spent the last few hours trying to make changes, trying to reduce the heat on these gpus. The best I can achieve is 88c. I can't get it lower without impacting the performance. At the moment it's running very smoothly @ 82 Mh/s on all 4 gpus. I think that's efficient, 910 watts in total. What miner are you running? Also, are you using Windows OS or some other mining os such as minerstat?
Hey, Nicehash Legacy v1.9.0.22 , running on Windows 10 64bit. Lot of effort for under $4 profit a day, but well done for getting it profitable! On UK electric and GPU prices that's ROI in 800 days/2.1 years at current prices, just FYI. |
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2. Beware, the "free, unmetered electricity" is tricky. The building owner's bill will rise and may start checking what causes the difference (and may increase the bill or even accuse you of theft), also if the office is not your and you only work there, your employer may not like this.
Yes indeed! You may be one of 30 offices, but that server rack is going to be pumping out unusual levels of heat, so won't be hard to spot where the sudden extra power demand is going. |
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I've come up with a brilliant, zero-risk mining scheme.
I was tempted to invest in a vii rig, but held fire to see what hash per watt looked like.
By doing so, I've already made £80 per card (launch price vs price today), and that's in about 8 weeks, so a whopping £10 per week pure profit - best of all, I've not had to build and manage a rig either! Would recommend!
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This thread has been posted since 2017, I am interested in mining which provides the use of smart phones.
For now, can the application still be used to mine cryptocurrency.
Is it still paying until now?
Fella, it's a monitoring app, not a mining app. Just tells you when your hashrate drops poolside. These apps can be jolly handy, but also they often suffer from erratic pool APIs, so you constantly get alerts due to normal spikes. |
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Thanks a lot guys , I will keep it running just because I use it as a heater, I will burn this electricity anyway for heating so it is better to make some crypto . Happy mining!
I've dismantled one of my rigs of 570's, the other one is still standing there, unplugged, with a dead mobo, gathering dust. I'm not sure whether it would make any sense to buy a new mobo and spend time to set up a new Windows installation... The Polaris cards are yielding pretty much nothing nowadays. Aye. It's a near-complete bust on Polaris. There are some possibilities, but you'll need to put in lots of effort to scrape pennies per card per week after electric. |
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These are very powerful miners. I just imagine how much they are emitting heat, and even the creeps because I know how much the farm from the video card in the house is frying. You definitely need a large room cool room that will be well ventilated. I would place the miners at a fairly large distance from each other. Even better as it would be the basement
Hi Corado, i room at the basement would be nice - but i only have the "normal" building... so i try to work with the circumstances ;-) Not sure about your surrounding space, but personally I'd remove the cabinet sides to increase the total thermal sink area you have available, fit the biggest industrial extractor fan(s) you can as high as you can, and use your tube fans to bring cold air in to floor level. The thermal sink point is quite important, as the smaller the space you pack all those BTUs into, the faster the airflow has to be to remove the heat. In a massive, high warehouse space, for example, the heat gets chance to rise naturally, so a relatively small extractor at the apex will do a good job, plus you benefit from all the other items in the area conducting heat away as well. BTW, the science here might be rocky, but it's based on running a medium farm in a small room for several years! |
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Well you can get money from mining but you really need to set up some huge farm or possibly join a mining pool to earn from the block rewards. This would mean investing quite a sum of money into setting this up depending on the consensus protocol being used by the blockchain network you intend to join.
Set up a huge farm...or join a mining pool? Hardly similar on any level. Joining a pool is free and takes seconds, building a huge farm is quite an investment. Is this auto-generated nonsense by any chance? |
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This is the hottest coin right now - This project is going to break into the Top100 by the end of the year, mark my words...
Why? First...person to respond without a 'Veil' shill signature. Whatever else this project is, it's got a marketing strategy.... |
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I assure you -you can mine some coins on your phone.
If you have a good processor on your smartphone and your smartphone is too powerful-look here on the forum -there are many coins that can be mined using the processor.
Note that the heat exchange must be provided by an external cooler.
It seems to me that it is absurd to get coins to use a smartphone for this purpose? This is a hello for a smartphone malfunction and the cost of the mined coins is unlikely to override the cost of repairs. It is absurd. People get confused with pretend mining (like ETN), and the many airdrops/scams/viruses out there. Phone processors are not designed for mining, and are not as powerful as more practical items like GPUs. Practicality is the key here - sure, you can theoretically take an expensive high end phone, access the CPU die, add an external cooler, then mine at a loss on electric costs. Probably would need to improve the power delivery, maybe solder on some new PSU power traces. But is this sensible? No. |
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Minerbabe Diskless BootWhat is diskless boot?Diskless boot has three roles: diskless network, diskless server and diskless workstation. In a network, there is a diskless server and multiple workstations. These workstations do not have disks, they are booted over the network, get the operating system from the server and run on RAM. Such a network is a diskless network. The workstation is called a diskless workstation. What is diskless mining?The diskless mining is a cost-effective method of mine deployment. Diskless servers are deployed in the mine and all rigs are connected to it. These rigs get mining systems from diskless servers and run them on RAM without the need for hard drives, which reduces costs and improves mine maintenance efficiency. Diskless mining makes these a reality:- Less cost: the cost of hard drive is saved. If you have thousands of machines, buying a hard drive is a big expense;
- Extreme deployment: deploy 1,000 machines in one hour;
- Easy to maintain: avoids hard drive damage and avoids system problems. When the system fails, restart the machine and re-acquire the system to recover;
- Safe and stable: no hard disk, not easy to be attacked and parasitic viruses, every time you restart using the new system;
What is the cost of building a diskless mine?If you have network cables, Gigabit switchs, or network cards, the cost will be zero. 1.Server A common computer can be, such as: CPU dual core, 2.8GHz, memory 4G, 32G solid state hard drive. Many people have such idle machines, computers or rigs. 2. Network equipment In general, in a diskless network of >100 rigs, we require the central network to use Gigabit switches and Gigabit LANs. If you have these devices in your network, you only need to deploy them properly. If you don't have them, These devices are not expensive and it is recommended to purchase. 3. Diskless operating system (linux) The Minerbabe diskless system is free to use and there is no devfee during mining. Performance- Transfer image size: Cropped 200M linux system.
- Start-up speed: It takes only 3 minutes for 100 mines to start at the same time in Gigabit network; it takes only 3 minutes to start 1000 mines in 10G network at the same time.
- Risk protection: After the mine machine is started, it can be completely out of the server operation. The complete system runs in RAM. The failure of the server will not affect the mining of the running machine.
- Stability: The Minerbabe diskless system has been running on hundreds of servers for more than six months, managing hundreds of thousands of mining machines, and there has never been a record of crashes.
FeaturesThe Minerbabe diskless system has rich features, like: - Keep track of mining detailed data, such as hashrate, temperature, overclocking parameters, IP, startup time, etc;
- Operation mining machine in the cloud: reboot machine, suspend mining and adjust fan;
- Fast switching: switching miner、mining pool,、mining parameters;
- Overclocking, flashing VBIOS, viewing mining logs, etc.
- User-friendly mobile console.
User usageIn China, many large mines are using diskless systems, and diskless mining is already a well-tested and mature solution. Minerbabe diskless system is China's leading diskless mining system. It has operating experience on tens of thousands of machines and is superior in Startup speed, stability and function. Video introductionhttps://youtu.be/A_sasrntvkwTry it nowhttps://www.minerbabe.comContact ushttps://t.me/minerbabe_diskless Minerbabe is a decent system, but it could do with a wider range of algos, and support for Vega 64/vii. For Nvidia and RX up to Vega 56, it's fine - tho similiarly Hive, SMOS have pros and cons too... |
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Dunno what similarweb can tell you about a pool tbh. Anyway, have used Blockmasters in the past, it's fine, but obviously do check there's enough hash on your chosen algo to make it worthwhile... |
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Everywhere I am seeing fellow miners discouraging other from jumping into the mining business. All over this forum and reddit, you guys are being selfish because you don't want the difficult to keep rising.
The truth is mining crypto has been the easiest money for me, I am never going back to working a normal job when I can just do this all from my house.
I'm still pulling in NICE profits, people are just spreading fud about the ROI times and saying gpu mining is dead.
Hahaahaha. Absolute nonsense. 'Easy money' - if your electric is free, your hardware costs are ignored, and your time researching algos/coins/exchanges is ignored, then you make a few quid, yes. Consider this - £600 in secondhand PC parts will make you a couple of dollars a day on ETH, but cost slightly more on .10c electric. |
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Your system specs are not bad but your GPU is useless in mining anything.
Just go on eBay or Craiglist and for like $75 or so you can get a used RX 470 4GB and you can mine ETH with it or XMR CN R. After a few months if you get bored, you can probably sell the GPU for the same price you paid. And most likely the GPU will still have some form of warranty since they are not that old.
Nvidia GPUs are faster and more efficient but they are usually more expensive since they had a higher MSRP and there is more demand by gambers for them. With AMD you can get a fairly good deal and especially the RX 470/570.
This. You'll get a few quid for that gtx460 too. You won't make any 'profit' mining with an RX unless your electric is free, but you will at least see some results. I have a bunch of RX cards FS in the UK if you're interested... |
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I think two steps ahead and focus on whats going to get me the maximum amount of money in a few years of mining and not selling a single coin till we hit next parabolic bull cycle. I always pick out my gpu's based on a rig setup that will allow me to mine the most popular new coins like grin and beam early before asics hit them and I pick hardware that has most efficiency for the long game so i don't get gpu liquidated.
Man you sound so delusional its hilarious Same here good stuff but is eth going to swithc to PROGPOW? What kind of performance will a 470 have in progpow? Rx 400 and 500 eries are cheap right now if they preform well on prog they are a steal. Yeah. Did you see those sapphire 570 4gb on amazon for £100 - new? That's bonkers cheap. If I could still run them profitably I would have bought a few rigs... |
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How many btc per day are you getting with 6 of these cards ? I am asking in a more specific way about nicehash. I have not the money yet but thinking to build a rig with my credit card and paying monthly. I need to know the btc return daily if anyone can.
You are looking at around 3 rx 570s for 1 radeon 7. so 90mh/s per card , for 6 cards = 530 mh/s power lets say 295 watts per card @ .10 cents per kwh Atm you are looking at something like 7 usd per day mining eth, after power cost less then 2 dollars per day. 800 euro per card, 4800 euro for 6 card. so you are looking at over 2 years roi before the gpus have paid themselfes at the current situation. I did say atleast wait for navi and see how those cards perform before making a choice. Just my 10 cents on the matter! not to mention if you're buying in Euros your power ain't gonna be .10 cents. In the UK it's more like .20pence, which eats all the profit. |
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I can't get my vega vii to work with my nvidia cards 2080 rtx.
When i added the vega vii it initially detected the unkown hardware, I flashed the bios with v106 x64, Then i installed the latest drivers adrenaline 19.3.2 march 14th.
My device manager finally read it as vega vii but had this symbol "!" , So i thought it just needed a reboot, I rebooted it and now i can't get anything to load up, Not even my motherboard settings. The screen shows a large underscore "_" on the boot screen . And just stays stuck there and does not load windows or anything.
Any ideas on what I should try? Thanks
I would say that You made mistake swapping sequence of two steps: driver install and flash. You should change positions of Your cards to boot system with RTX and flash again Vega with Your original VBIOS (You did backup, don't You?). Than You can try flashing with new VBIOS (if it is proper one for Your manufacturer/model). I didn't do a backup. I'm an amd noob. Looks like I bricked my Vega vii on day 1  . So i unplugged the riser on the amd radeon so i can get back into windows. Replugged the riser back in hoping the hardware will get detected. Unfortunetly it does not detect. I tried to reinstall amd drivers and it can't detect hardware anymore probably b/c I ran that bios v106 x64 before installing drivers. It won't allow me to install drivers unless it detects hardware. What should i do next? return the card back to amazon? RMA it? This sucks now I know why I always stayed loyal to team green. Why did you flash another BIOS onto the card if I may ask? I was running RTX 2080 Ti + Vega VII in the same computer for a while, but I put my VII in my dedicated mining rig after a while. No issues at all running them together. I think you can get original BIOS from your vendor as well. What vendor do you have? Maybe I can get you an original BIOS, I have Sapphire one. I have an MSI vega vii. https://us.msi.com/Graphics-card/support/Radeon-VII-16G#down-driver&Win10%2064To answer your question Why did I flash another bios onto the card? I was not aware I was flashing another bios. I thought i was upgrading the bios by using the official amd bios updater, I felt like this was the best way to go, Even the msi says its using the offical amd bios version. So i double clicked v106 from the official amd website and bricked my card and become no longer detectable by bootup or windows, Before i flashed it was detectable as unknown graphics hardware in windows. Now after flashing to v106 windows device manager just shows nothing or blank like the hardware does not exist. On the msi website for vega vii it states that its just using the official amd bios version. v105 After I installed v106 my card can no longer be detected at bootup pci slot screen and no longer detected in the device manager. Since it can not be detected the hardware it won't allow me to install drivers or update the bios. Drivers say Error 173 amd graphics hardware not found. Also the flasher doesn't do anything v105, v106 since it can't find hardware. I tried atikmdag-patcher 1.4.6 and it says failed to locate driver file. Any last tips before I return this back to amazon on monday? I have a biostar b250+ motherboard if that matters. Okey that's not good. Maybe if you have another card you can fix it, but I doubt you have one spare  To everyone that have Vega's: No need to mess with BIOSes on Vega 56/64 OR Vega VII, just leave it. To be clear, there was a thing where you could flash the 56 with a 64 bios, which peeps claimed gave better clocks but lower power. But most of that was achievable without the risk. Is anybody mining with a vii at the moment, and what power vs hashrates are you getting? Is it more efficient than simply running two 56s? Yes I flashed my two Vega 56's to 64 as well. But now you don't need to do that because you just play with power tables. Well because I want efficency, my VII is hashing 2600 ~ 200 W, so sure it's more efficient than two 56s, but at much higher cost. Nice one - any idea what your max hash/power was? Very tempted to pull the trigger, but no point if the efficiency isn't decent. 2600/200 isn't too bad... |
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