|
There are varying levels of quality even in the counterfeit goods markets ... Lol.
|
|
|
|
This week so far, first ASICS of many coins just arrived and so far eth + dual mining coins, sia, dcr, lbc, pascal are dead. Second bitcoin has been constantly crashing, just in few days from 13k to 7k, that is almost 100% and mining also takes 100% less profit regarding money. So all in all, my condolences to the people who bought gpus overpriced and wanted to get rich fast, I have to hand to you --> "You are brave", hehe, those people might never reach even 20% of what they paid for those gpus. Third Congratulations to the people who paid $200 for the rx 580 and rx 570 and sold to the idiots for $500 and over. You are such a smart bunch.
Here is a important thing to remember, mining will never make you rich, buying and selling coins will, be smart.
I wish btc was at 7K. We were only $40 away from my buy order on gdax at $7500 getting filled at some point last night. Please please please drop to $7500 ... MEtroid, how old are you? Did you ever go at school? From 13k to 7k is not 100%, from 13 to 0 is 100% Same with profit 100% means 100% which means ALL. I do see a point in your posts but please try to gain some very basic numerical skills! He counts on intelligent people not verifying or understanding the numbers that he pulls from his ass. |
|
|
|
|
Just ask Metroid. He'll tell you everything you ever wanted to know about mining in 2018.
|
|
|
|
Video card prices are ridiculous now a days.
The graphics cards price will not be ridiculous in the next few months if the price of currrencies drop further. I know ... I'm getting excited for low BTC prices! |
|
|
|
This week so far, first ASICS of many coins just arrived and so far eth + dual mining coins, sia, dcr, lbc, pascal are dead. Second bitcoin has been constantly crashing, just in few days from 13k to 7k, that is almost 100% and mining also takes 100% less profit regarding money. So all in all, my condolences to the people who bought gpus overpriced and wanted to get rich fast, I have to hand to you --> "You are brave", hehe, those people might never reach even 20% of what they paid for those gpus. Third Congratulations to the people who paid $200 for the rx 580 and rx 570 and sold to the idiots for $500 and over. You are such a smart bunch.
Here is a important thing to remember, mining will never make you rich, buying and selling coins will, be smart.
I wish btc was at 7K. We were only $40 away from my buy order on gdax at $7500 getting filled at some point last night. Please please please drop to $7500 ... |
|
|
|
i just bough 12 gtx 1070 with 469$ each. its not that hard to find them, you just have to look everyday. of course you can't just go to a store and find them there waiting for you
Not too bad I guess ... I paid $500 each for twelve 1070ti's ... Not today though. I bought them back late dec/early jan. |
|
|
|
I want to build a PC with 2 1080tis in them. I see online that people say use a cheap celeron chip to run the mobo and then I could just mine that way. Is there a special kind of cheap PC I can buy that will run 2 1080tis? maybe a cheap brand that miners have used and recommend?
yes you can have this wait for photo   Phillip! I love your shoes in that photo  |
|
|
|
EDIT: I also forgot to tell you that I hate you, I only want 1 VEGA 56 or 64 (Nitro+) and I can't find it anywhere. I've ordered it in 3 different places and hope for the best!
Lol ... I have six, but you can't have any of them. |
|
|
|
Correct. That comes in when you go to sell.
According to the IRS in the USA, you have to report capital gains and losses even if you haven't cashed out to fiat, because they are considering crypto a property for tax purposes. It is a nightmare though. I'm still trying to sort through and understand all of this. Hey you were asking about recommendations yesterday ... I just heard the founder of this company being interviewed on Crypto 101 ... https://cryptotaxprep.com The interview is 90 min long, but they go very in depth on the subject. |
|
|
|
True if you are claiming it as a business expense and going that route.
If you want to minimize your costs then forget having a simple tax return. You may end up having to pay a CPA and have your taxes prepared. So much for simplicity.
Whether it's worth all that hassle for ten grand or less in income? Meh...
You can't keep writing off the full value of the same equipment every year either.
Capital gains and losses can be used on personal tax returns for investments. That's completely different than writing off equipment cost, electricity cost, ect. We're talking about two different things. Capital gains and losses are reported on short and long term investments (both have different tax rates) based on current value minus original value when it was acquired. |
|
|
|
I see what you're saying, but the draw is coming from the single breaker in the main box, so it has no effect on your service limit. From that point, a 220 40a will provide enough power for 2x20a @220 or 4x20a @110. It's the same amount of energy.
I'm pretty sure that's not right, if you use 120V you will be using 1 Hot leg + 1 Neutral. You won't be using both hot legs. So if you have 4 * 20A 120V breaker you have 80A available, 80% = 64A@120V = 7680Watts available. If you have 80A on 240V you have 64A@240V = 15360Watts available. This is why you want to use 240V for mining, as you halve your amount of AMP use, effectively having access to twice as much Watts on the same electrical entrance. Maybe a certified Electrician can comment... Your power consumption isn't based on amperage, it's based on wattage. And I am talking about a sub box, not a single outlet (which your math makes sense for). Your neutral is in the box and you have a separate ground. You can run whatever you want out of it up to the max wattage supplied by the breaker supplying the box (and space in the box, 220s take up twice the space, remember). So in your example, if you have 80A on 240 feeding the box, you indeed have 15,360W available (for constant draw, but since we're both working that into the math already, let's leave it as assumed for the rest of this example). How that gets broken up is up to you, you can have, say, 4x 20a 240v breakers (4*20=80*240*.8=15360), or 8x 20a 120v (8*20=160*120*.8=15360), or you can have, say, 2x 20a 240v and 4x 20a 110v, or any combination that adds up to 15360 (or less). That is correct. I've measured it on a rig running on 120V and I've measured it on a rig running 240V. If your rig on 120 is drawing 8A, it's only drawing 4A on 240V.
Wattage divided by Voltage = Amp ... 900W Rig/120V = 7.5A ... 900W Rig/240V = 3.75A.
That's correct. But the draw is wattage, not amperage. Both those examples are using the same amount of energy. What are you even arguing. On a 200A panel. If you're using 120V, you can use 120V * 200A. If you're using 240V, you can use 240V * 200A. The Amp limit doesn't change, but the wattage does. You can't use twice as much Ampere on 120V because its half of 240V. Current is Amperes, not watts and your panel/entrance is Amperes. Your limit is in Ampere, not watts. So you could max your say 200A panel/counter/entrance with 240V or 120V or a combination thereof, but we're counting Amps here. Watts/Volt = Amp, so if you're using 120V you can use half as much watts as versus 240V. So if you're using 1000 watts on 120V you're using 8~ Amp out of your 200A and you're not getting it back by loading the other leg with 8~ Amps 120v. That's 16 Amps @120V used, or 1920Watts~ You're not allowed twice as much Amperes. If you're using 1000 watts on 240V you're using 4 Amps out of your 200A. So you're getting twice as much watts for the same amperage. So no, you can't use 38400 Watts on 120V with 200A panel, that would be 320Amps but you can at 240V. He is arguing, because he thinks that we're saying the energy usage is 1/2 on 240 than it is 120, and no one here that I can see is claiming that. |
|
|
|
I see what you're saying, but the draw is coming from the single breaker in the main box, so it has no effect on your service limit. From that point, a 220 40a will provide enough power for 2x20a @220 or 4x20a @110. It's the same amount of energy.
I'm pretty sure that's not right, if you use 120V you will be using 1 Hot leg + 1 Neutral. You won't be using both hot legs. So if you have 4 * 20A 120V breaker you have 80A available, 80% = 64A@120V = 7680Watts available. If you have 80A on 240V you have 64A@240V = 15360Watts available. This is why you want to use 240V for mining, as you halve your amount of AMP use, effectively having access to twice as much Watts on the same electrical entrance. Maybe a certified Electrician can comment... Your power consumption isn't based on amperage, it's based on wattage. And I am talking about a sub box, not a single outlet (which your math makes sense for). Your neutral is in the box and you have a separate ground. You can run whatever you want out of it up to the max wattage supplied by the breaker supplying the box (and space in the box, 220s take up twice the space, remember). So in your example, if you have 80A on 240 feeding the box, you indeed have 15,360W available (for constant draw, but since we're both working that into the math already, let's leave it as assumed for the rest of this example). How that gets broken up is up to you, you can have, say, 4x 20a 240v breakers (4*20=80*240*.8=15360), or 8x 20a 120v (8*20=160*120*.8=15360), or you can have, say, 2x 20a 240v and 4x 20a 110v, or any combination that adds up to 15360 (or less). That is correct. I've measured it on a rig running on 120V and I've measured it on a rig running 240V. If your rig on 120 is drawing 8A, it's only drawing 4A on 240V.
Wattage divided by Voltage = Amp ... 900W Rig/120V = 7.5A ... 900W Rig/240V = 3.75A.
That's correct. But the draw is wattage, not amperage. Both those examples are using the same amount of energy. I never said it was using less energy. They use equal amounts of energy. I'm saying that your service limit is what it is ... 100A, 200A, ect (should be labeled on the breaker box) ... So I would rather be using up less of that limit by running off of a 240V outlet, as opposed to 120V. |
|
|
|
Oh hey another lame thing.
Say you pay all that income tax?
If the value of the currency you HODL decides it is going to hit the basement floor and completely tank. You could literally end up paying the IRS thousands of USD to hold a currency that is now WORTHLESS.
99% sure you can write those off as losses... Yeah ... It's called a capital loss, rather than a capital gain. |
|
|
|
Exactly what he said ... That's what I was getting at.
There seem to be lots of confusion so my reply was more adding info that may help some people than aimed specifically at you. As for what i know that 220-240v 40a are 3 wires plug and cable, which are 2 hot wire and 1 ground wire. Each hot wire are still only 20a.
15a or 20a are normal outlet in most home in the US, which can hanle 1800/2400w. I will reserve 20% of the load for safety due to if you are running the power consistently over 3 hours. so you are talking about 1440/1920w per a breaker line (not each outlet).
With your kitchen 240v that really don't give you much if you running a 6-8gpu rig 1k-1.2kw. which only allow you run 2 rigs or 3 max. BTW most American home power line are 100a cable from outside, apartment that depend could be 100 or 200a. you really can't setup like mining farm, because you will max out your power line after 4 rigs that take 1kw+ each system. Unless you not using any electricity at home, like Microwave, AC, Ranger, Fridge bla bla bla that draw power as well.
No. While 240v 40a is 3 or 4 wires, both hots are 40A, but at 120v, the ground and optionally the neutral are there but not any different from usual. Two 120v 20a give you 240v 20a, not 40a. Phil is correct as usual. This is incorrect. 240V is 2 hot and a bonded conductor, commonly called the ground. There is no neutral. A 4 wire system is 3 phase - 2 hot, 1 neutral, 1 bonded conductor (ground). Commonly used in commercial buildings, not typical for residential. Due to 3 phases, you get the standard 120V phase to ground (or neutral) and 208V phase to phase. Hold on a second. What is incorrect, to me you just repeated what i said. Except though i believe you are incorrect about the 3 phase bit. Are you arguing the neutral part? That's only useful if you want 120V. It's not 3 phase, that's something else. 3 Phase is not available in residential setup, but 4 wire 240v is. It's standard even, you will see 4 pins on oven connector, as such is the case in this thread; 2 Hot, 1 Ground, 1 Neutral For example a lot of ovens have a 120V plug in the front, that's because the 120V will use 1 hot leg + neutral as reference. Then the 240V use 2 120V hot leg. Both 120V and 240V has a ground, whether you use it or not.
Efficiency to a degree is valid, yes, though in my house I've noticed an extremely negligible difference when testing antminer PSUs (though they are SUPPOSED to have significant efficiency variance).
Draw? 4x120=480W. 2x240=480W. How are you running double the rigs on the same wattage?
You're able to run more on less amp draw with 240. Not more wattage. Maybe I said that wrong. If you have 100amp service, that's your limit. If you have 200amp service, that's your limit ... I see what you're saying, but the draw is coming from the single breaker in the main box, so it has no effect on your service limit. From that point, a 220 40a will provide enough power for 2x20a @220 or 4x20a @110. It's the same amount of energy. I'm pretty sure that's not right, if you use 120V you will be using 1 Hot leg + 1 Neutral. You won't be using both hot legs. So if you have 4 * 20A 120V breaker you have 80A available, 80% = 64A@120V = 7680Watts available. If you have 80A on 240V you have 64A@240V = 15360Watts available. This is why you want to use 240V for mining, as you halve your amount of AMP use, effectively having access to twice as much Watts on the same electrical entrance. Maybe a certified Electrician can comment... That is correct. I've measured it on a rig running on 120V and I've measured it on a rig running 240V. If your rig on 120 is drawing 8A, it's only drawing 4A on 240V. Wattage divided by Voltage = Amp ... 900W Rig/120V = 7.5A ... 900W Rig/240V = 3.75A. |
|
|
|
so many opinions guys , and no one get it what he means , lol
im sure to know after 10 seconds what he has in mind
simple as that , did you heard of HPC
High Performance Computing , for Noobs simply a Cluster-Enviroment
1 Master , 3 Nodes (slaves) in his case
OS , Application on Master working as server for the Nodes
to go deeper in detail is a bit to much here
if you interested on things such this Search by Uncle Google for "PelicanHPC"
Yeah I get it, but I don't see the need in this application. He has a very small farm. Build the ship to fit the crew. For as small of a crew as you have, they should all fit in one ship. |
|
|
|
its not profitable to be a miner, at least in america, donald trumps new crypto law puts a 35% tax on your coins you mine.
so when you factor in transaction costs, electricity, the cost of the equipment, and now, the TAXES I dont know how ANYONE is paying $1400 of 1080tis
They want $999 for my 1070! I want to sell mine now while its worth something, now is not the time time mine, now is the time to dump your used and abused gear on the market and cash out....
please explain new 35% mining tax sir lmao Lol ... Yeah, go ahead and explain it to us Digital Drug Lord. This guy posts retarded shit multiple times a day. He has very little understanding of anything mining or crypto related. Haven't figured out if he is just some whiny teenage pest or just another lazy bastard spouting off mis-information thinking he knows what he is talking about. Hey Digital ... If they want to give you $999 for your 1070, why don't you take it? Sounds like you've made up your mind. Sell that 1070 at a profit and stop coming in here bitching about mining and gpu prices. |
|
|
|
Never heard of this before. Build bigger rigs. Don't have small rigs. I honestly don't think it makes any difference. Difference is in the hardware even if they are the exact same model. Did you think of the other variables that you haven't thought about yet?
Main difference is if one goes down, you still have others mining while you fix it. But yeah, if you trust your gear, you're only saving a little bit of electricity (for my three rigs, combining would probably save 80W) by combining. Switched PDU solves that problem. How so? It removes the need to power the two extra cpus? Nope. Solves the problem of hanging rigs when you are not on site. It's pretty obvious what he needs to do is stop building 2 gpu rigs. |
|
|
|
Surprise surprise. They are just paying what they lost with the profits of the current mining operations.
Where else are they going to get that kind of money? A few weeks ago they said they had "foreign investors" to help them pay back the lost btc. Lol ... |
|
|
|
the missing roof should aid in cooling your miners.
Lol. |
|
|
|
You're able to run more on less amp draw with 240. Not more wattage. Maybe I said that wrong. If you have 100amp service, that's your limit. If you have 200amp service, that's your limit ...
I save maybe 1% Watts using EVGA G2/P2 ATX PSU's on 240v vs 120v. Some Server PSU have a big difference, like 4-5%, even as far as to have a TDP limit of 1100w on 240v or max 800w if they're plugged on 120v. As for Amps, 240v is half the amp for the same wattage, that's why using 240v allowed me twice as much rigs in an apartment setup! 30a * 0.8 * 120v = 2880w limit 30a * 0.8 * 240v = 5760w limit Basically, 240v is safer, since the risk is of burning down is a AMPERE thing. My rig will still pull 1kW~ but on 240v its 4A~ Instead of 8A~ so the power cord is cooler and less amp go through the socket. Exactly what he said ... That's what I was getting at. |
|
|
|
|
Show Posts
