Number 9! Ninth altcoin thread. Back to the moon Baby!

[philipma1957]

profit is rising  if this sustains, if this is the start of a new bull run you all can buy your mining gears again..no worries lol

5$ a day...nope! how about 20$ a day? hmmm...then everybody buys again......miners are waiting for confirmation of bull market 

Yeah I have   about 50,000 hash in my :

30,000  3x 3900's
  6,000  1x 3800x
  5,000  1x 3700x
  6,000  1x 1920x threadripper  paid off
  3,000  1x 2700  paid off

50,000

 I underclock them all a bit saves on power  and with the warm winter I don't need lots of heat from them
they are turning a tiny profit right now.  need a bull run asap.

[1714825303]

1714825303

[adaseb]

profit is rising  if this sustains, if this is the start of a new bull run you all can buy your mining gears again..no worries lol

5$ a day...nope! how about 20$ a day? hmmm...then everybody buys again......miners are waiting for confirmation of bull market 

I see that profitability went from like 1 penny a day from a few weeks ago to almost 2 dimes for a RX series GPU with 10c power. So obviously if price keeps increasing it might be worth restarting our rigs however the issue is this.

Say ETH goes 2x from $220 to $440 or so. Obviously the revenue would be $1/day/GPU and $0.30 would go to power costs so a net profit of $0.70. I guess not bad if you got 100's of these suckers in your basement collecting dust. However...

Keep in mind that as price rising so does the difficulty and what might seen like 3.5x more profit in reality might be 2x more profit since more people turn their rigs back on.

[arielbit]

profit is rising   if this sustains, if this is the start of a new bull run you all can buy your mining gears again..no worries lol

5$ a day...nope! how about 20$ a day? hmmm...then everybody buys again......miners are waiting for confirmation of bull market  

Yeah I have   about 50,000 hash in my :

30,000  3x 3900's
  6,000  1x 3800x
  5,000  1x 3700x
  6,000  1x 1920x threadripper  paid off
  3,000  1x 2700  paid off

50,000

 I underclock them all a bit saves on power  and with the warm winter I don't need lots of heat from them
they are turning a tiny profit right now.  need a bull run asap.

3990x isn't so great, i think they just want to reach 64 cores for whatever reasons.

3960x is the sweet spot because benchmarks lowest rating for 3990x vs 3960x is just half the performance, 24 cores vs 64 cores for less than half the price 4000$ vs 1400$

but for me if i will do an upgrade, i'd go with ryzen 2xxx (preferably 65w tdp), b450 board (compatible with 32gb sticks with max 128gb capacity), 256gb ddr4 kits (128gb split into two rigs)

i like to keep the processor cool, unlike GPU's with the die directly connected to the heat sink, CPUs are not (unless you want to delid if temps got worse).

i also prefer CPU's to be air cooled, to make the heat sink somehow embedded to the board. set and forget  kind of setup, with liquid - there's the pump, the hose, the liquid and the radiator.

I see that profitability went from like 1 penny a day from a few weeks ago to almost 2 dimes for a RX series GPU with 10c power. So obviously if price keeps increasing it might be worth restarting our rigs however the issue is this.

Say ETH goes 2x from $220 to $440 or so. Obviously the revenue would be $1/day/GPU and $0.30 would go to power costs so a net profit of $0.70. I guess not bad if you got 100's of these suckers in your basement collecting dust. However...

Keep in mind that as price rising so does the difficulty and what might seen like 3.5x more profit in reality might be 2x more profit since more people turn their rigs back on.

mine low (difficulty), sell high.

[philipma1957]

i have the 1920x thread ripper with 8 sticks of 16 gb.  it is actually turning a small profit.

it has three vegas and the 1920x. it is making about three bucks. and burning about two bucks.

[Daaaveee]

Its been a long time since I've visited this thread!

I recently switched energy provider to one that gives cheaper electric for 4 hours overnight between 0030 and 0430 so I can charge my Nissan Leaf cheaply.

The rate for those 4 hours is 5p or 6.5c/kWh compared to 14p or 18c normally, conversion as I'm in the UK!

In this position would you bother to mine during those 4 hours? I sold up all my GPUs and PSUs in 2018 apart from one 1070 and one 1060 3gb in two gaming rigs. I still have a 6 GPU motherboard.

Thanks for reading my pondering, and thoughts appreciated

[rdluffy]

Its been a long time since I've visited this thread!

I recently switched energy provider to one that gives cheaper electric for 4 hours overnight between 0030 and 0430 so I can charge my Nissan Leaf cheaply.

The rate for those 4 hours is 5p or 6.5c/kWh compared to 14p or 18c normally, conversion as I'm in the UK!

In this position would you bother to mine during those 4 hours? I sold up all my GPUs and PSUs in 2018 apart from one 1070 and one 1060 3gb in two gaming rigs. I still have a 6 GPU motherboard.

Thanks for reading my pondering, and thoughts appreciated

Did you make the math about how much can you mine 4 hours daily in a month?
You have cheap electricity in those 4 hours, but I believe it's not enough to make some decent profits
Maybe if you have some GPUs os asics you could turn on, but for buy and expecting profits, I believe it's not worth the effort

[GabryRox]

Well I am finally back after roughly 2 years away and was very happy to see Phil's threads are still going!

The recent market surge has gotten me re-invigorated on crypto to let's hope this trend continues!

I only read the last 3-4 pages so far but a couple of things to comments on...

1- Filecoin:  i checked out their site and signed up. Hopefully this will turn out to be a reasonable option for the ~150TB of HDD space i have sitting idle.  I ran them on BURST for about 2 years and actually did reasonably well since i cashed out about 50% of it before the crash.  More than enough to pay off all those HDDs with a decent amount left over so no complaints, but would be nice to be able to put them to use again as they are now just collecting dust. Was going to start selling them off but will probably hold off on that for now.

2- RAM:  not sure i followed exactly why but it seemed at least some people are bumping up the RAM in some of their systems. If you are in this boat, it might be a good idea to buy what you can soon.  All indications are that the memory market is going to spike again very soon. As many of you know, this is a very cyclical market and prices plummeted in 2019. This is expected to turn around soon, with prices possibly going up 30-50% within the next ~6 months.

Finally, just a few thoughts on the recent market swell and its impact on mining.  Personally, I still have my 6 (2 1070ti/1080 & 4 rx470) rigs lying dormant but assuming ETH holds it gains and continues upwards, I will very likely fire them up again in the next day or so. I was just about to start listing the GPUs on ebay and even unplugged one of my 1070ti's 2 weeks ago to take photos for an auction. Well, my procrastinating in listing them might pay off lol.  Luckily, my only consideration is power cost since all my equipment has long ago been ROI'd but I feel for those trying to break freshly into the mining scene... seems very daunting unless we see a sustained impressive bull market (which we are all hoping for).  but at current levels, pretty much impossible to ROI new gear.

[adaseb]

Yes I also like where the market is headed and I am glad I didn't sell all my GPUs yet. Seems like the profits right now with 10c power are "ok", not the greatest but if you got tons of GPUs then it might be worth while.

I was actually rebuilding my rigs back in June 2019 when the alt markets were rallying again and basically less than 1 month later the profits were shot down and been pretty bad since then. Would be nice if we could stay at least >$350 for the next few months or so. Because the difficulty obviously will keep rising and people will keep scouping up cheap RX gpus on Craigslist to mine and the difficulty will keep rising every day until the profits vanish.

If we get >$1000 ETH or ProgPOW then obviously the profits will be great once again however I am not sure we can reach that number. Hopefully we break the 2019 high for ETH this time around and head into the +$500 area for ETH and other alts like XMR.

[philipma1957]

I have a thread 🧵 ripper 1920x with 8 sticks ram 128gb.

It has three vegas making a few dollars.

[GabryRox]

Yes I also like where the market is headed and I am glad I didn't sell all my GPUs yet. Seems like the profits right now with 10c power are "ok", not the greatest but if you got tons of GPUs then it might be worth while.

I was actually rebuilding my rigs back in June 2019 when the alt markets were rallying again and basically less than 1 month later the profits were shot down and been pretty bad since then. Would be nice if we could stay at least >$350 for the next few months or so. Because the difficulty obviously will keep rising and people will keep scouping up cheap RX gpus on Craigslist to mine and the difficulty will keep rising every day until the profits vanish.

If we get >$1000 ETH or ProgPOW then obviously the profits will be great once again however I am not sure we can reach that number. Hopefully we break the 2019 high for ETH this time around and head into the +$500 area for ETH and other alts like XMR.

Yup... we are in similar boats.  My power is 11 cents so just recently got in the ballpark of an acceptable "profitability-to-effort" ratio.  I also turned back on all my rigs last June... and also for just over a month lol... until prices dropped again.  Really hoping for a sustained action this time.  Not sure we will see ATH any time soon but if it could even fluctuate between $500-$600 for a while it would be well worth it.

As you point out, anything over $300 range will start to bring more and more people back into mining, which in turn bumps up the difficulty. I'm curious as to how many people like us actually help onto all/most of our gear through this 2nd downswing. Can't imagine there were that many but who knows.  I almost started selling mine off multiple times but just never did it lol.

[GabryRox]

I have a thread 🧵 ripper 1920x with 8 sticks ram 128gb.

It has three vegas making a few dollars.

Phil... are you mining XMR with that rig?

[TheYankeesWin!]

I have a thread 🧵 ripper 1920x with 8 sticks ram 128gb.

It has three vegas making a few dollars.

Phil... are you mining XMR with that rig?

yeah  7200 hash for xmr  and the vega's do eth I think.  it earns 3.00-3.20   uses 20kwatts a day at 10 cents for winter I pay 14 but the heat is worth 4 so 10 cents x 20 = 2.00

thus 3.20-2.00 = 1.20 a day at the moment.

[adaseb]

Yes I also like where the market is headed and I am glad I didn't sell all my GPUs yet. Seems like the profits right now with 10c power are "ok", not the greatest but if you got tons of GPUs then it might be worth while.

I was actually rebuilding my rigs back in June 2019 when the alt markets were rallying again and basically less than 1 month later the profits were shot down and been pretty bad since then. Would be nice if we could stay at least >$350 for the next few months or so. Because the difficulty obviously will keep rising and people will keep scouping up cheap RX gpus on Craigslist to mine and the difficulty will keep rising every day until the profits vanish.

If we get >$1000 ETH or ProgPOW then obviously the profits will be great once again however I am not sure we can reach that number. Hopefully we break the 2019 high for ETH this time around and head into the +$500 area for ETH and other alts like XMR.

Yup... we are in similar boats.  My power is 11 cents so just recently got in the ballpark of an acceptable "profitability-to-effort" ratio.  I also turned back on all my rigs last June... and also for just over a month lol... until prices dropped again.  Really hoping for a sustained action this time.  Not sure we will see ATH any time soon but if it could even fluctuate between $500-$600 for a while it would be well worth it.

As you point out, anything over $300 range will start to bring more and more people back into mining, which in turn bumps up the difficulty. I'm curious as to how many people like us actually help onto all/most of our gear through this 2nd downswing. Can't imagine there were that many but who knows.  I almost started selling mine off multiple times but just never did it lol.

One thing I might do this time, if we ever hit some crazy number like $500 ETH or $1000 ETH is I will just short hedge it with a margin broker like Bitfinex or Bitmex and just protect myself against any price crashes to ensure I can mine for the foreseeable future.

Can you imagine if your shorted a few hundred's of ETH at $1400 in January 2018 and just closing the position little by little as you mined it bit by bit. Instead of making $0.29/per day/per GPU you would still be making $2.75/day/gpu irregardless of the price.

Only issue with this is if it goes actually POS and you can't mine it or it reduces the issuance again. So the price you can control but not the difficulty or the miner supply.

[philipma1957]

I am really happy how ltc is moving along with doge.

I look to go past 1,000,000 doge this year.

Just one move on it and I do a nice score.

10 cents = 10,000k

[citronick]

I am really happy how ltc is moving along with doge.

I look to go past 1,000,000 doge this year.

Just one move on it and I do a nice score.

10 cents = 10,000k

Thats cool Phil..... 1m DOGEs = 3400 USD

I am stashing ZEC at Celsius at 7.25% interest paid every Monday.

Too bad DOGE is not listed at Celcius - I really like DOGE too.

[favebook]

I am really happy how ltc is moving along with doge.

I look to go past 1,000,000 doge this year.

Just one move on it and I do a nice score.

10 cents = 10,000k

Thats cool Phil..... 1m DOGEs = 3400 USD

I am stashing ZEC at Celsius at 7.25% interest paid every Monday.

Too bad DOGE is not listed at Celcius - I really like DOGE too.

How much are you stashing if you do not mind me asking? 7.25% interest is annually, right?

Are they paying regularly?

[citronick]

I am really happy how ltc is moving along with doge.

I look to go past 1,000,000 doge this year.

Just one move on it and I do a nice score.

10 cents = 10,000k

Thats cool Phil..... 1m DOGEs = 3400 USD

I am stashing ZEC at Celsius at 7.25% interest paid every Monday.

Too bad DOGE is not listed at Celcius - I really like DOGE too.

How much are you stashing if you do not mind me asking? 7.25% interest is annually, right?

Are they paying regularly?

Celcius gives me 7.25% APY -- Annual Percentage Yield. Interest payment reported every Monday like clockwork.

I intend to just keep this rolling --- stash and cash out end of year holiday spending.

Glad i kept the A9 ZEC miners - it only consumes 750w each. 3 of them gives me around 150khs total.

Remember the days when 150khs would have taken 5-6 ZEC rigs loaded with 1080tis...

Roughly makes about 10-15 bucks per day mining at mining-dutch equihash multipool - could be more now since equihash coins have moved up quite a lot like ZEN,ARRR, KMD.  

Set 100% payment to ZEC at pool settings and push to address at Celcius wallet daily.

With improving equihash alt price, better ZEC price and APY bump up - it beats just mining to local wallet earning no interest and not taking advantage of the other equihash coins.

[favebook]

Thanks for info. I will have to take a look myself, and do my own research. I am looking to buy a couple more of Z11s but I am glad I didn't resell all 5 I had (sadly, I saved only one, and Bitmain stopped producing them after my last order...).

[citronick]

Thanks for info. I will have to take a look myself, and do my own research. I am looking to buy a couple more of Z11s but I am glad I didn't resell all 5 I had (sadly, I saved only one, and Bitmain stopped producing them after my last order...).

after SHA256 & Ethash miners, only Equihash miners seems to be profitable nowadays

https://whattomine.com/miners

[favebook]

Thanks for info. I will have to take a look myself, and do my own research. I am looking to buy a couple more of Z11s but I am glad I didn't resell all 5 I had (sadly, I saved only one, and Bitmain stopped producing them after my last order...).

after SHA256 & Ethash miners, only Equihash miners seems to be profitable nowadays

https://whattomine.com/miners

That I am aware of...
It's so sad that Bitmain stopped producing miners for Altcoins.