The time to access the GPU VRAM vs time to talk to the other card across the BUS alone are hugely different. The only purpose of 4GB cards will be to find some other coin or to play games. Dump them now while prices are high due to shortages. Covid was like a free gift to anybody holding 4GB cards.

Buying an 8GB card at setting it as the first card only buys you a few weeks. The Dag is already 3.7GB for ETH. An 8GB card is only going to help for that last 0.3GB, once the DAG stops fitting in the GPU memory those 4GB cards will have to find a smaller DAG coin or move onto another algo or be sold. Sadly most of the 4GB and under cards can't compete against the newer cards in the profitable coins except maybe scraping a few pennies from KawPow on a 1060GB or something like that.

Be happy they didn't charge you a fee for violation of ToS

SCAM

Bullshit you've been trying a new rental company. Vod already ousted your scam in the thread you created about this "company".

The only time mining has ever been shown to be better than flat out buying coins is when there is no liquidity with a coin and the coin price is significantly higher than the difficulty equivalent. Considering that algo switching miners have been around for almost 5 years and that there's tons of exchanges today compared to just MtGox in 2011, it's pretty much impossible for that to occur with the exception of a brand new minted coin - and how many coins in the last 3 years are something worthwhile and not just another "I ran".

This is coming from somebody who has been mining BTC since it was in the $2 range. Of course hindsight is 20/20, but had I know 1 decade ago what I know now, I would have kept buying pretty much all my holdings and would easily have come out ahead.

The only reason to mine these days would be for anonymity of any block you happen to mint.

There have been enough BFC shill posts from NurSie to catch some low hanging fruit. I can't see any funtional reason for the coin to exist. At least Zcash and the plethora of other coins claimed to be something.

This BFC coin just looks like a cash grab and those left with mortgages will be holding useless coin with somebody running off with their fiat.

Ignore him. Some people are either born trolls or just plain stupid. There is no card making $1 per day after electricity. Even 1080Ti with the pill and free electricity can't generate $1/day.

So perhaps he meant to say he generates $30/day or $1000/month from ALL his cards - maybe he has 150 cards lol.

Again, people are failing to even bother reading the continuing discussion. Are you really gaining $1000/month when the value of the said 150 cards is dropping $2 to $4k/month? In his eyes yes. In the eyes of any sensible person who has ever run a business NO. It's not sunk costs - the value can be regained at time of sale, but of course if you sit on it until 2023 nobody will buy a 1070.

Picking up a dime off the street I make $0.10. If there's 100 dimes on the street spread out over a 5 mile distance yes you could "earn" $10.00 by picking up those "free" coins. In the meantime you could have ran some ethernet cable, consulted for IT services or even mowed somebody's lawn and made $20-$200. Free is not as free as some people think it is  

Well either you're going to be happy you dumped your RX 470s for this holiday season on Craigslist/eBay or you'll be happy you kept them is Progpow gets pushed.

I am seeing more cloud mining offers pop up again so I'm going to bump this and hopefully save some NEWBIES some heartache.

There is no compelling argument to be made for cloud mining and not one single company has managed to stay alive for 5 years and succeed in paying its customers faithfully. Not a single one.

NEWBIES, see my ancient post for reference: https://bitcointalk.org/index.php?topic=739510.0

While I wish people entering the cyrpto business market success, cloud based mining should be dead. If anything, a business that issues mining dividends would make sense - but it needs to be a legitimate business that is licensed with the government and files taxes. I know this flies in the face of some of the various coins goals of anonymity - but it is that anonymity that has allowed cloud mining scammers to flourish.

Individuals should either mine or their own and decentralize the network or support companies that at least push that goal. Otherwise you're just lending some bum some money and hoping you get your money back.

We're over 200TH again as the price has slid from above the $216 support. Whoever is mining is doing it on the thinnest possible margins or has dedicated equipment (ASICs). With nvidia finally dropping the price on the Supers and the RTX series the residual value of 1xxx series cards is dropping faster than any mining value even if you had free electricity. I surmise there's a lot more ASIC and a lot less GPU in this new hash increase.

I think the 1080Ti will keep much of its value 3 years from now than a new 5700 would - so depreciation wise it's better to stick with the 1080Ti unless you have bad energy rates or thermal issues.

Tinfoil hat? I've been around since 2011. I know there are new ASICs coming online but not from the normal players... I don't know what all the normal players are doing with their new hardware since China has clamped down on BTC again. There are no new places in the world with "stupid cheap electricity" that haven't been known since 2013.


I'll be in Shanghai shortly so I'll be able to see what new toys my Chinese buddies have.

Huge GPU farms my butt. Payback time on any card is still over 1 year with ETH. In that time you could pump and dump ETH/BTC and make 3x the money without lifting a finger.  Anybody with enough capitol for a "huge" farm isn't pushing GPU mining on ETH.

I think being 2weeks since July 24th we can conclude that the spike was not random network variance. The 10% spike was most likely new ASICs going online. The 10% gradual increase in the past 10 days was perhaps other algo users switching to ETH as their algos fell to ASIC (which is ironic since ETH is no longer a GPU haven).

Anybody mining ETH right now on GPU either has dirt cheap power or is mining Hopium because the cards like the 1070 and the 1080 are depreciating faster than the value of the ETH they can mine. Even Ryzen 2 CPUs are tanking in price with Ryzen 3 CPUs spanking everything.

There are simple methods and complicated methods to determine if the BIOS has been modified. Many newer cards store the date of the flash file on the flash, so unless you can set your system time to the date of the original flash properly they can see it was modified. They did not check this in the past but now I know of at least 3 companies doing this. There are other methods as well, I'm too lazy to exlpain.

I live close to the RMA service centers and have a couple friends who work for 2 of the video card companies. Unfortunately they're within their rights to refuse warranty since the card was used outside of its stated parameters (unless its a mining card).

My wife's office is owned by a cheap landlord who doesn't bother to put a filter on the 60 ton HVACs - consequently I get these nasty little grey fibers all over everything. It got so bad that I weighed the weight of the matted fibers that I pulled out of a 6 card rig that ran for 1 year. All fibers from GPU fans, CPU fan, PSU fan and caked all over the motherboard and wood rig frame came in at 196 grams. That's fiber weight - not counting the dust that I blew out after removing the fibers.

I've had my hands in people's orifices before but this...this was nasty!

This is what newbs fail to calculate. If the ROI interval shortens that means the coin is making good profits and even people with marginal electric rates will now jump in. That happens and the difficulty will go up. So while the fiat return may be the same or perhaps even better, the eth return is typically worse. The only time you can beat ETH returns with a rapidly rising coin is when you have a monopoly on specialized mining equipment. In this case granny is turning on her old PC to mine ETH and difficulty is shooting up.

It's hindsight, but better move would have been to buy ETH with the money spent on the 150 cards. OP will never make as much as he could have bought. NEVER. But if he/she has fun mining then who's to stop them. Just know it would have been better to buy than mine. This is true will all established coins in almost every scenario. Buying also affords you option to quickly exit the market should you decide you've had enough profit or loss - opportunity cost.

Oh stop. You've been here since 2013. You remember those idiots who tried to mine using their school's computers and either lost their job or were even prosecuted. OP asked for it by opening his/her mouth. A lecture would have been if some people went on a diatribe about not stealing - something ones parents should be doing.

I barely have 1 rig running nowadays so minimal "profit" for me but blatant theft is never right.

I use my 18V electric leafblower. I made a few contraptions I stick onto the cards that basically keep the fans from spinning and just blast the whole damn rig. Even the PSU, motherboard and CPU get cleaned and it only takes me about 15 min per rig to power down, move it outside, blast it with air and scrub with a toothbrush where there is oil. And I don't have to buy expensive compressed air cans or deal with an underpowered electronic datavac.

If you buy a $4M Veyron and use it as a taxi even if you make enough money to pay for fuel and maintenance you're not "making a profit". The car is a depreciating asset. You need to earn enough money to outweigh depreciation of the car as well as operating expenses.

Same with video cards and ASIC miners. You can't just consider the cards as a sunk cost (unless you're gaming on 1 or 2 of them sometimes). You have to make enough to pay for electricity AND the depreciating value of your cards. Nobody wants those AMD 5870 that everybody was mining with back in 2011.

There is profit left in GPU mining, but nothing short of quick churning new shit coins is going to make you more than a $0.25 USD per card these days. If your card's value drops more than about $100 in the next year it might be better to sell the card and just buy the crypto outright.