8th Alt coin thread. Or what to do now that asics are all over the place.

[citronick]

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The game today as we mine is cheap power is king  and lots of cheap gear can be found  how do we cope as miners.

As I have time and time again emphasized, whatever you mine, ie profits, is determined by your ability to manage power cost, therefore the ultimate game will be cheapest source of power in the world and where (location)...

My group's mining operations lifeline is entirely dependent on cheap hydro-power in Labrador.

I am working on a geo-thermal power project currently, and i hope I can give more info on this soon.

Phil's solar power project is also a very good strategy to circumvent the power cost eating into your mining profits.

As far as GPUs vs ASICS vs FGPAs, ultimately its all about diversity and advancement in tech -- thats why we are all in the mining business.

Let's keep Phil's thread civil -- its an important resource for all of us to share info, not bashing ground. All tech has their merits, pros-cons etc.

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[sNaKeyz0r91]

What the heck is going on with the market? This sudden drop of all coins. Did something just happened and I did not read about it? Weird...

I'm still chasing ravens with my 1080ti, I'm happy with the rewards so far. And sometimes I switch over to Luxcoin.

[philipma1957]

What the heck is going on with the market? This sudden drop of all coins. Did something just happened and I did not read about it? Weird...

I'm still chasing ravens with my 1080ti, I'm happy with the rewards so far. And sometimes I switch over to Luxcoin.

I am holding 5200 ravens

I am Mining zec to btc

I am Mining bis and holding.

I purchased some btc today at 6700 usd a coin.

I am holding most everything in cash.

22k cash
10k coin

Gear may be worth 15k it is all paid off.

I don’t earn 1 k a month any more

[Elder III]

What the heck is going on with the market? This sudden drop of all coins. Did something just happened and I did not read about it? Weird...

I'm still chasing ravens with my 1080ti, I'm happy with the rewards so far. And sometimes I switch over to Luxcoin.

I think it's due to the federal investigation(s) into price manipulation that is being discussed right now. Personally I welcome some regulation and oversight if it helps to keep the crooks a little more honest. :p

[Stubo]

What the heck is going on with the market? This sudden drop of all coins. Did something just happened and I did not read about it? Weird...

I'm still chasing ravens with my 1080ti, I'm happy with the rewards so far. And sometimes I switch over to Luxcoin.

I think it's due to the federal investigation(s) into price manipulation that is being discussed right now. Personally I welcome some regulation and oversight if it helps to keep the crooks a little more honest. :p

It seems to be reaction to a hack of a Korean Exchange:

https://www.forbes.com/sites/chuckjones/2018/06/10/bitcoin-bitcoin-cash-ethereum-ripple-other-ccs-fall-5-or-more-as-south-korea-exchange-hacked/#4eb0e7b958a6

[R0mi]

I think it's due to the federal investigation(s) into price manipulation that is being discussed right now. Personally I welcome some regulation and oversight if it helps to keep the crooks a little more honest. :p

I agree (welcoming the investigation into outright manipulation by a small -ish group).  Not sure if you caught the screenshots that may have started all this, but they were pretty blatant.

[JaredKaragen]

The reason I still mine to this day with GTX 4xx cards at home is:

I pay nothing for power at home.


Power is key in the end for people whom pay for it....    I have been lucky enough to not have to yet.

The only thing we have to pay is space rental.....

So in the end, the gear quality means only part of the equation.   If power is free AND unlimited, you have no worries about what you are mining with because... you have no limitations by the gear except deploying expenses.

[suchmoon]

Speaking of diversity, curious as to people's thoughts about Mineority, which is open for registration and plan purchases (you own the GPU, you are not just paying for hash power).  On the hardware side, their prices seem fair but not something that I would want to jump at.  Still, much easier than trying to do 4U builds on your own.  I like their RX 570 with custom passive cooling; perfect for 3U/4U builds.  Not ready to buy 20 at that price, however, but it is reasonable.  The biggest plus to their proposal is that you get automatic access to their optimizations if you host with them, and I suspect that they have some nice ones for Vega.

Worth it?   Not worth it?  Thoughts?

Counterparty risk - you "own" the GPU but you're completely dependent on the provider. And I'm not just talking about a potential scam. The are many other things that can go wrong and you have no control over any of it.

"Cloud" mining goes against most of what mining is supposed to be. I learned that lesson back in 2014-2015, no more cloud for me.

[Elder III]

What the heck is going on with the market? This sudden drop of all coins. Did something just happened and I did not read about it? Weird...

I'm still chasing ravens with my 1080ti, I'm happy with the rewards so far. And sometimes I switch over to Luxcoin.

I think it's due to the federal investigation(s) into price manipulation that is being discussed right now. Personally I welcome some regulation and oversight if it helps to keep the crooks a little more honest. :p

It seems to be reaction to a hack of a Korean Exchange:

https://www.forbes.com/sites/chuckjones/2018/06/10/bitcoin-bitcoin-cash-ethereum-ripple-other-ccs-fall-5-or-more-as-south-korea-exchange-hacked/#4eb0e7b958a6

Ah, that makes more sense. There has been discussion of the price fixing/manipulation investigations for a number of days now, so it seemed that today's drop was a little too steep to be due to that alone.  As always folks, keep all the coins that you can under your own control rather then on exchanges.

[rs1x]

I think it's due to the federal investigation(s) into price manipulation that is being discussed right now. Personally I welcome some regulation and oversight if it helps to keep the crooks a little more honest. :p

I agree (welcoming the investigation into outright manipulation by a small -ish group).  Not sure if you caught the screenshots that may have started all this, but they were pretty blatant.

where can i find the screenshots ?

[QuintLeo]

I'm all GPU at this point, but switching some of them to different algorithms/coins anticipatory to ZCash profitability collapsing once the Z9 starts shipping in quantity.
I do have some bitcoin on "hold" at this point for a probable future purchase of some ASIC gear - but the gear I'm anticipating hasn't shown up yet.

Almost pulled the trigger on some of those "cheap" A3 or D3 units, as the probably ROI isn't all that bad at their current cost - but the power usage is huge for what they earn.

[rs1x]

phil - help me here with some 100 level economics.  Btc price right now is less than 7k.  If one believes that btc will be worth $xx,xxx.xx a coin in the future, isnt there value in mining at a "loss" now, to acquire btc?  This is something i often find myself thinking about.  It's a like a tug of war in my mind.

[philipma1957]

phil - help me here with some 100 level economics.  Btc price right now is less than 7k.  If one believes that btc will be worth $xx,xxx.xx a coin in the future, isnt there value in mining at a "loss" now, to acquire btc?  This is something i often find myself thinking about.  It's a like a tug of war in my mind.

Complex question.

Selling gear say an older s9 for 500 in btc.

Or mining at a loss.

I would say sell the gear.

How long does it take to earn that?

About 110 days to earn .071 btc.

If you sell the s9 for 500 you have the btc today.

I constantly hedge cash coin gear.

And try to get more solar done.

[philipma1957]

phil - help me here with some 100 level economics.  Btc price right now is less than 7k.  If one believes that btc will be worth $xx,xxx.xx a coin in the future, isnt there value in mining at a "loss" now, to acquire btc?  This is something i often find myself thinking about.  It's a like a tug of war in my mind.

Complex question.

Selling gear say an older s9 for 500 in btc.

Or mining at a loss.

I would say sell the gear.

How long does it take to earn that?

About 110 days to earn .071 btc.

If you sell the s9 for 500 you have the btc today.

I constantly hedge cash coin gear.

And try to get more solar done.

And in that regard, I have two MSI 1080 Ti hybrids, water cooled, with Corsair maglev fans (white LEDs) that I want to sell.  $715 for one, incl. shipping within the US, or $1400 for both.  PM me if interested.  Both are working fine.  Can take PayPal, Bitcoin, or Ether.

those are  similar to this one


https://www.corsair.com/us/en/Categories/Products/Graphics-Cards/Hydro-GFX-GTX-1080-Ti-Liquid-Cooled-Graphics-Card/p/CB-9060011-WW

this is what you most likely have

https://us.msi.com/Graphics-card/GeForce-GTX-1080-Ti-SEA-HAWK-X


both of the above are like this one.


https://www.evga.com/products/product.aspx?pn=11G-P4-6598-KR

now at one time or the other I have owned all of the above

they are all dead solid cards true troopers

set them to 200 watts each and run them.

I have a pair of them mining here
as a pair they due 4400
 a pair of normal 1080tis do 3900

https://eggpool.net/index.php?miner=3072be2a2d244beb7426b671780216cb90df21fa8d092861f43022dc&action=miner&submit=Show

[martyroz]

And in that regard, I have two MSI 1080 Ti hybrids, water cooled, with Corsair maglev fans (white LEDs) that I want to sell.  $715 for one, incl. shipping within the US, or $1400 for both.  PM me if interested.  Both are working fine.  Can take PayPal, Bitcoin, or Ether.

Would you consider postage to Australia? Can you quote a price for that? (one unit)
I can pay in BTC through Phil.

[VyprBTC]

phil - help me here with some 100 level economics.  Btc price right now is less than 7k.  If one believes that btc will be worth $xx,xxx.xx a coin in the future, isnt there value in mining at a "loss" now, to acquire btc?  This is something i often find myself thinking about.  It's a like a tug of war in my mind.

Complex question.

Selling gear say an older s9 for 500 in btc.

Or mining at a loss.

I would say sell the gear.

How long does it take to earn that?

About 110 days to earn .071 btc.

If you sell the s9 for 500 you have the btc today.

I constantly hedge cash coin gear.

And try to get more solar done.

And in that regard, I have two MSI 1080 Ti hybrids, water cooled, with Corsair maglev fans (white LEDs) that I want to sell.  $715 for one, incl. shipping within the US, or $1400 for both.  PM me if interested.  Both are working fine.  Can take PayPal, Bitcoin, or Ether.

those are  similar to this one


https://www.corsair.com/us/en/Categories/Products/Graphics-Cards/Hydro-GFX-GTX-1080-Ti-Liquid-Cooled-Graphics-Card/p/CB-9060011-WW

this is what you most likely have

https://us.msi.com/Graphics-card/GeForce-GTX-1080-Ti-SEA-HAWK-X


both of the above are like this one.


https://www.evga.com/products/product.aspx?pn=11G-P4-6598-KR

now at one time or the other I have owned all of the above

they are all dead solid cards true troopers

set them to 200 watts each and run them.

I have a pair of them mining here
as a pair they due 4400
 a pair of normal 1080tis do 3900

https://eggpool.net/index.php?miner=3072be2a2d244beb7426b671780216cb90df21fa8d092861f43022dc&action=miner&submit=Show

Nice Phil!

How do you like eggpool?

[martyroz]

phil - help me here with some 100 level economics.  Btc price right now is less than 7k.  If one believes that btc will be worth $xx,xxx.xx a coin in the future, isnt there value in mining at a "loss" now, to acquire btc?  This is something i often find myself thinking about.  It's a like a tug of war in my mind.

Complex question.

Selling gear say an older s9 for 500 in btc.

Or mining at a loss.

I would say sell the gear.

How long does it take to earn that?

About 110 days to earn .071 btc.

If you sell the s9 for 500 you have the btc today.

I constantly hedge cash coin gear.

And try to get more solar done.

With either scenario, I don't think you can lose if you believe BTC is going north of 5 digits again.

Whatever growth BTC has between now and day 110, both cases benefit. It is unlikely that BTC sees a new ATH within the next 30 days (or 110 I would argue). When people talk about 50k BTC, it is on a much longer term then that.

I'm still acquiring gear and quite reluctant to liquidate any of my GPU army. Nvidia being sheepish on 11xx series makes me more confident on keeping cards.

Diversity is the key - I'm hoping my Vegas average out the hit that my Equihash rigs are going to take by swapping to ETH, etc. At the same time I have Z9 on the way.
I'm actually happy to mine something like ETH at a slight loss, as any kind of movement would turn all those days into significantly profitable ones.

It helps having 22kW of solar panels too... I pay $400 USD per month (includes household usage) for my 30 GPU's (constant draw 5kw or so) and they currently generate a multiple of that cost. I can see my self mining through another six months easily.

[philipma1957]

And in that regard, I have two MSI 1080 Ti hybrids, water cooled, with Corsair maglev fans (white LEDs) that I want to sell.  $715 for one, incl. shipping within the US, or $1400 for both.  PM me if interested.  Both are working fine.  Can take PayPal, Bitcoin, or Ether.

Would you consider postage to Australia? Can you quote a price for that? (one unit)
I can pay in BTC through Phil.

I will do escrow for tx fees only. I no longer do escrow but I would help out here if needed.

Also if seller does not want to sell it to you I will sell it to you I have eight of them and don’t mind shipping to Australia.  But r0mi gets first preference .

Sending it to Australia is about 100 to 120 usd for shipping as I do not think it fits in a flat rate.

At vyper eggpool seems okay

[Oracle1]

Marvell2 I would like to join your pool but you are not taking messages from newbies?

[Michael20]

@Phil to your solar idea, i think most time you would "only" get 90% of your max solar watt/panel. And if it drops because of the short? cloud it always fall down, and miner stops hard. Doesn't cool down, could be much cycles/day. Isn't it there where you are, you could get the same rate for solar, as from the grid?  Even if only in short times of clouding, you could get lets say 30-60% power from solar, and the rest from grid. And after sun is down, stop mining. Or is it to much expensiver if grid is avaible? How long miners need for startup?