He's a high flying Digital Drug Lord, so he must be worried about paying the 35% tax bracket for ordinary income from his one 1070 and one RX 580, LOL
On Cryptocurrency Mining and Taxes: When you mine a coin you have to record the cost basis in fair market value at the time you are awarded the coin (that is profit on-paper). Then you account for further profits or losses when you sell that coin. Unless your doing tax evasion mining is not profitable. If my 1 $999 1070 struggles to make $2 a day when you factor in taxes it's really like $1 a day when you factor electricity it's less Mining is treated as ordinary income, so it depends on your tax bracket what percentage you pay on the income after expenses. My RX 570's are currently making over $2.50 a day dual mining after power and fees. Over the last month it's been closer to $3. Which is also a lot more than the $1.75 - $2.00 they were making in July and August of last year. http://whattomine.com/merged_coins/1-eth-dcr?utf8=%E2%9C%93&hr_eth=29&fee_eth=3.0&hr_dcr=730&d_dcr_enabled=true&d_dcr=73148483.17&fee_dcr=3.0&p=150&cost=0.12&commit=Calculate |
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He's a high flying Digital Drug Lord, so he must be worried about paying the 35% tax bracket for ordinary income from his one 1070 and one RX 580, LOL
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I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next. It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus.
i am thinking about that too. But on a cash basis, it looks like many of the homes on low end are asking for cash only. Mortgages by the big stupid banks has become unbearable painful. I am also doing some research on detroit (which area is good and bad etc.,) since I never lived there. Send this guy on Youtube a message. He's originally from Detroit and can tell you were you should be looking. https://www.youtube.com/user/DEMCAD |
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30 days ago you could buy any GPU for close to MSRP. Amazing what difference a few weeks make. According to Angry Chicken's last video on Youtube the shortage is due to Nvidia's manufacturing shifting to the new Volta GPU's. It may be a rough couple months until the new line is released. I also got a feeling the current price run up is going to lead to sticker shock once the new GPU's are out due to increased manufacturing costs from the smaller 12 nM process for Volta. https://www.youtube.com/watch?v=Op3h_bV3ohA 40 days ago more like, and ONLY on the Nvidia side - AMD cards haven't been close to MSRP (except Vega) since spring, and the Vega low prices evaporated before Thanksgiving when the "killer on Monero" guides got widespread. I don't anticipate a huge price jump on MSRP for the Volta cards - we didn't get one from Maxwell to Pascal after all, despite 28nm being a MUCH bigger jump on cost to 16nm vs 16nm to 12nm (which is the same NODE, just upgraded on the process and misnamed). I DO anticipate a 10-15% jump due to the move to GDDR6 and memory pricing jumps in general, and won't be shocked at 20%. Here is archive.com's snapshot of Newegg's GPU page from 12/31. You could buy just about any Nvidia card for close to MSRP and they were in stock, albeit 1 per customer in most cases. https://web.archive.org/web/20171127075041/https://www.newegg.com/Desktop-Graphics-Cards/SubCategory/ID-48The last AMD RX 580 8GB I bought was in the middle of last month for $279 which is ALOT closer to MSRP of $229 than the $500+ they are now. |
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30 days ago you could buy any GPU for close to MSRP. Amazing what difference a few weeks make. According to Angry Chicken's last video on Youtube the shortage is due to Nvidia's manufacturing shifting to the new Volta GPU's. It may be a rough couple months until the new line is released. I also got a feeling the current price run up is going to lead to sticker shock once the new GPU's are out due to increased manufacturing costs from the smaller 12 nM process for Volta. https://www.youtube.com/watch?v=Op3h_bV3ohA |
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PCI-E cards are NOT backwards compatible with PCI slots. By putting a PCI-E x1 connector in to a PCI slot you created a short and if you're lucky, you might have only damaged the motherboard. You will need to buy another motherboard or try them on another system to see if the other components are damaged.
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I get up, and nothing gets me down. You got it tough. I've seen the toughest all around. And I know, baby, just how you feel. You've got to roll with the punches to get to what's real.  |
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Memory utilization is not as important for Equihash because is a core dependent algorithm. My MSI Gamixg X 1080 easily gets 575-585 H/s at 75% Power Limit with Temp Limit 83C, Core +185 MHz Memory +1000 MHz in Afterburner. I can get it over 600 H/s if I increase the power limit.  More benchmarks are listed here: http://zcashbenchmarks.info/listed.php |
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Most overclocking tools won't work with the new AMD Adrenaline drivers. I use the Claymore miner config file to set the undervolt, overclocks, power limit and temp/fan speeds automatically at run time. You can also use OverdriveNtool to create overclocking profiles for your cards as explained on www.mining.help. Setting the voltage and clocks in the Bios is possible, but IMO it's not worth it unless you are dealing with lots of cards since it makes it harder to change them on the fly for different algorithms. Mattthev's guide gives the basics on setting the voltages and clocks in the Bios. https://bitcointalk.org/index.php?topic=1954245.0 |
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Of course it's old fashioned. In fact payment based on services rendered is the oldest model in history. It's a model that has proven itself and works, that's the point. No need to reinvent the wheel.
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Thanks.
I was thinking of using the bios from Anorak on the cards.
(Plan b is to memstrap the cards myself).
But the question I keep asking myself. How much hash to gain when OC? Is there a risk undervolting?
On cards that aren't Bios modded the default memory timings play a bigger role. Since you can't Bios mod Nvidia cards, I suspect that's why Nvidia 1060 cards with Hynix memory are not as good on Ethash as cards with Samsung or Micron memory. I have the opposite results with my Bios modded RX 580's. Using the PBE timings the cards with Hynix memory get ~31.5 MH/s stable, while my Samsung cards get 30 MH/s max. On RX 570's you should see ~5 MH/s increase on Ethash from Bios modding the timings. Undervolting cards is generally safe as long as they are stable and it also makes them run cooler. Excessive heat and voltage is the number one thing that kills electronics and cooler running cards last longer. |
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Not really. Any Bios modded RX 570 should get 28-30 MH/s on Ethash. On other less memory intensive algorithms it plays almost no role in the hash rate. How much a card overclocks is more dependent on the ASIC quality than it is on the memory type. I've had very good results using the Polaris Bios Editor v1.62 'one click timing patch' on the original Bios. PBE automatically detects the memory type and v1.6.2 applies the bundled performance straps to the 1750 MHz and up timings. The current v1.6.7 adjusts the 1500 MHz and up timings, but the 1750 MHz straps are more stable for most cards. https://github.com/jaschaknack/PolarisBiosEditor/tree/9ec64066eecdb55ac86da7bc82181eaab2161d51 |
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The logic on buying coins being far more profitable than mining only works during periods of exponential growth, such as last year. It also assumes you buy the right coins at the right time BEFORE they go up. During normal market conditions of moderate growth to sideways price action you are able to accumulate more coins at a lower cost and risk through mining than buying coins outright.
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The financial advantage mining has over just investing directly in coins is being able to hedge a down turn in the market. In so much as you can accumulate coins for the cost of your power while you wait for the market to turn around. Mining even when it may not be the most profitable time to do so has proven to be one of the best long term strategies. Current profits are also still much better than they were for most of last year and historically.
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The Devfee is 2% of your ETH earnings in dual mining mode and 1% in ETH only mode, based on mining towards the built in Dev wallet for a period of time to collect the fee. The pool fee is based on the structure for whatever pool you mine and it is collected from your earings on that pool. In addition to the pool percentage for mining, most pools also charge a transaction fee for withdrawls.
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Cards are at an ATH, so you can never be wrong for taking some off the table. If you are expecting to get a deal with the next gen cards, I have a feeling that won't be the case. Especially with the new Nvidia cards due to increased manufacturing costs from the smaller 12nm process for Volta. https://www.youtube.com/watch?v=Op3h_bV3ohA |
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