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

[GabryRox]

Was wondering if anyone here is currently or has been involved in STORJ nodes.  I have over 100TB in HDD just sitting idle since they were mining BURST a few years ago, so looking to put them to work even for a moderate return.  Just curious what some first hand experiences with this has been.

No experience myself, but this is a recent and well discussed thread on it (with calculator):  https://forum.storj.io/t/realistic-earnings-estimator/6693

Thanks nsummy, there a ton of info in that thread and i read a good chunk of it yesterday, as well as looking through some guides on their website.

My initial impressions are this:
1- seems like there could be some pretty good returns, but...
2- unfortunately, getting a node set up appears to be quite complicated, especially compared to BURST, which was time-consuming to get all of the plots written but was pretty easy and straight forward to set up
3- I also have concerns about whether or not this could be run on a mining PC, and i will not set something like this up on my main PC. There's a bunch of stuff about port-forwarding and other setup stuff that I am worried will conflict with ETH mining.
4- it also seems like you might have set up RAID to get a node to use more than 1 HDD. This seems crazy to me but again, something i need to dig into
5- bottom line, i plan on trying to get my top questions answers before proceeding any further

I will be happy to share my findings on this thread when i get some traction... stay tuned.

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[GabryRox]

5600XT 39.5mhs@74w gpu-z, 135w total rig at the wall power Gold PSU, 40w total rig power idle, so roughly total 100w for the GPU.  2.53 watts/hash.  VS Polaris closer to 4w/mhs.  50-60% improvement in efficiency easy.  I call that a win.  Now price per mhs thats another story...Honestly can't wait to see what the 80cu Navi RDNA2 will look like, i.e. "big navi".

radeon VII can do 100mhs, big navi should do more than that.

lol at nvidia 3080 at 10gb and 3090 at 24gb and no 16gb middle ground hehe, if 3090 can't do 100mhs or more maybe big navi will be my next upgrade.

IMO, i doubt big navi will top 100mhz on ETH, unless they are going to be using the higher bandwidth GDDR6x, which i have not been able to find confirmation of. (I know that NVidia Ampere are using 6x) If it's just more GDDR6, I don't see these achieving 100 or more... maybe more in the 80-85 range, but even that could be good, depending on price.

[nsummy]

Was wondering if anyone here is currently or has been involved in STORJ nodes.  I have over 100TB in HDD just sitting idle since they were mining BURST a few years ago, so looking to put them to work even for a moderate return.  Just curious what some first hand experiences with this has been.

No experience myself, but this is a recent and well discussed thread on it (with calculator):  https://forum.storj.io/t/realistic-earnings-estimator/6693

Thanks nsummy, there a ton of info in that thread and i read a good chunk of it yesterday, as well as looking through some guides on their website.

My initial impressions are this:
1- seems like there could be some pretty good returns, but...
2- unfortunately, getting a node set up appears to be quite complicated, especially compared to BURST, which was time-consuming to get all of the plots written but was pretty easy and straight forward to set up
3- I also have concerns about whether or not this could be run on a mining PC, and i will not set something like this up on my main PC. There's a bunch of stuff about port-forwarding and other setup stuff that I am worried will conflict with ETH mining.
4- it also seems like you might have set up RAID to get a node to use more than 1 HDD. This seems crazy to me but again, something i need to dig into
5- bottom line, i plan on trying to get my top questions answers before proceeding any further

I will be happy to share my findings on this thread when i get some traction... stay tuned.

The big question will be, whats your bandwidth situation?  I'm not fully versed on BURST but my understanding was that you had to dedicate storage, but it was just proof of storage, not actually hosting files.  With Storj it would be like you are hosting a file share.  By the way, while you are looking into Storj you might also want to check out Sia.  I think its a poorly run project that will ultimately fail, but it is a similar concept and might be easier to set up

[philipma1957]

I am up to 70 usd a day pre power

Mix of cards are
19 cards on 1 simple mining account

rig 1 has
2 msi        5600 xt.  555
1 msi        5700 xl.  330
1 visiontek 5500xt.  200. total cost 1085

rig 2 has
4x 1080ti

rig 3 has
1 x  msi 1080ti
1 x zotac 1080ti ------ had to repair fans

rig 4
 1 msi  5700xt -- free card
 1 Asus 5500xt -- new card. 210
 1 msi.  5500xt -- new card. 205.  total cost 415
 1 msi.  5700xl. -- free card

rig 5
gtx 1050 ti.  this rig mines kawpowminer due to the small 1050 ti 4gb
gtx 1660 ti.   

rig 6

1 amd rx 5700 xl ------- new card. 330
1 msi rx 5500 xt -------- new card  205
1 Asus rz 5500 xt ------- new card. 210 total cost 745

so I added 2245 for the new gear above I have six months to pay on PayPal

I have a 5 card rig on another account I added 1 1660ti for 225 to it.

I have a 2 card rig no new all old

I have a 3 card rig a 200 usd  Nvidia 1660 was added
I have a 2 card rig all old gear.

so 200+225+2245 = 2670 out of pocket I get some rebates so 2500 and six months to pay

I am earning 70 a day pre power my deal is 1/2 the coins. so 35 a day free and clear

2500/35= 71 days to pay it off.

 I have six months free interest  on the debt with PayPal.

Down side risk. 

A crazy black lives matter vs blue lives matter riot = maybe maybe not but a risk.

A warehouse fire maybe maybe not, but a risk.

Price drop in coins will only slow the roi time.

So for now I carry on.

I found this card at Best Buy

 https://www.bestbuy.com/site/xfx-amd-radeon-rx-5600-xt-raw-ii-pro-6gb-gddr6-pci-express-4-0-graphics-card/6398005.p?skuId=6398005

I had 105 in Best Buy card rebates and I will get 3% off from retail- me- not so this will net to about 188 and then take off around 18 in rebates so 170 for it.

I am using 31 cards to mine. to this address
https://www.nicehash.com/my/miner/33MP6oHLGnnrVAf1hC3WV2RBXZ2HNsexYw

and 3 cpus along with 1 soon to be 2 more cards.to this address

https://www.nicehash.com/my/miner/146UJM5kgzLVUV23CXCf33KQKHckoX1gx3

the gpus and cpus now are doing better then all the btc gear. we have.

[waggy459]

...
1 visiontek 5500xt.  ...
...

Philip, without any interest in you divulging your source for these.  Can you give the hash and power stats on this card?  I feel like the 5500 is iffy in general and maybe not a great 580 replacement, but if this particular card is uniquely low tdp it may be worth it for me to look into.  tia!!

[philipma1957]

...
1 visiontek 5500xt.  ...
...

Philip, without any interest in you divulging your source for these.  Can you give the hash and power stats on this card?  I feel like the 5500 is iffy in general and maybe not a great 580 replacement, but if this particular card is uniquely low tdp it may be worth it for me to look into.  tia!!

this card does 25-28 mh with 63-67 watts listed  as software.

this is from simple mining below

3: His RX 5500 XT 8GB
113-D332
200/895
837mV   25.89 MH/s
1350mv/850mv    63 W   61°C / 38%   

[arielbit]

BTW remember the time when 1 BTC is 1 1080ti GPU? then miners go out on GPU buying spree...now ETH is beginning to look like this.

what if ETH does that? might be good to hold some for a moon shot? we'll see how far can this one go hmmm..

also always look for another asset class that will make money, good things comes in ebbs and flows or a sure end.

I got a property that was purchased last bull market, going to fix it with $1000-2000 worth of expenses, rental would be minimum $300 a month..this is my version of other miners "solar energy" here.

[adaseb]

BTW remember the time when 1 BTC is 1 1080ti GPU? then miners go out on GPU buying spree...now ETH is beginning to look like this.

what if ETH does that? might be good to hold some for a moon shot? we'll see how far can this one go hmmm..

also always look for another asset class that will make money, good things comes in ebbs and flows or a sure end.

I got a property that was purchased last bull market, going to fix it with $1000-2000 worth of expenses, rental would be minimum $300 a month..this is my version of other miners "solar energy" here.

Back in late 2017... early 2018 the prices for many GPUs were inflated but not that much. If I recall people were paying $1000 or so for the 1080 (or 1080Ti) and that's about it. I think they were retailing for $700 from the factory.

I think what were the bigger rip-offs were the RX 470 cards that people bought in 2016 and were trying to sell for like $300-400. But back then everybody was crazy about crypto. It was on the news pretty much non-stop in some way and not a surprise it ended badly.

[arielbit]

BTW remember the time when 1 BTC is 1 1080ti GPU? then miners go out on GPU buying spree...now ETH is beginning to look like this.

what if ETH does that? might be good to hold some for a moon shot? we'll see how far can this one go hmmm..

also always look for another asset class that will make money, good things comes in ebbs and flows or a sure end.

I got a property that was purchased last bull market, going to fix it with $1000-2000 worth of expenses, rental would be minimum $300 a month..this is my version of other miners "solar energy" here.

Back in late 2017... early 2018 the prices for many GPUs were inflated but not that much. If I recall people were paying $1000 or so for the 1080 (or 1080Ti) and that's about it. I think they were retailing for $700 from the factory.

I think what were the bigger rip-offs were the RX 470 cards that people bought in 2016 and were trying to sell for like $300-400. But back then everybody was crazy about crypto. It was on the news pretty much non-stop in some way and not a surprise it ended badly.

bought an ink set for my printer yesterday in a local computer shop and found some 5700xt on the shelf.

me..

[citronick]

LOL..... I am itching to build a 8x5700XT too.

Anyways..... here is a story to share

Last week, someone told me of a new project called SushiSwap.

So because this DeFi thing is hot and probably a good time to learn how to go about farming/mining/yield-mining.

Cut a long story short, after spending 0.3 ETH on Uniswap, I became a Sushi farmer by putting ETH on the Sushi liquidity pool.

My friend also told me to buy Sushi tokens from exchange because its going to be huge... so I bought some at 1.20$ and some more at 70c

That was 24 hours ago....

At time of typing this post, I have farmed $6 bucks worth of Sushi based on my holdings worth 0.15 ETH.

Sushi is now 7.95$. If I sell all of them now at the exchange, I will get approximately 0.75 ETH, well above the cost of this Defi experiement.

The ridiculous thing about this whole exeriment was that the GAS and fees that I needed to swap ETH to SUSHI-Liquidty token, totalled about 0.15 ETH!

And to now cash out my farmed Sushi...... the gas price to swap them back to ETH was more than 10 bucks!

In summary, this Defi thing is not for the faint hearted. The GAS required for Defi transactions is bloody expensive. But people are fomo-ing because the hopium seems to point that this defi projects are 10x, 50x, 100x returns.

I think this Defi explosion is not going to end well..... but the consolation is that Defi infrastructures are here to stay..... which will bad for the banks and even for the traditional crypto exchanges.

Buying speculative tokens at exchange probably is better than going into an early defi platform like uniswap, sushiswap etc. because its just getting more and more complicated (reminds me of derivitives) and these projects are either going the moon or zero.

At one moment, I was thinking why buy 5700XT if farming makes more money, no worries about electricity bills.... then thats when I ponder on the big question.... what's the difference in MINING and FARMING?  

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bought an ink set for my printer yesterday in a local computer shop and found some 5700xt on the shelf.

me..

[arielbit]

Buying speculative tokens at exchange probably is better than going into an early defi platform like uniswap, sushiswap etc. because its just getting more and more complicated (reminds me of derivitives) and these projects are either going the moon or zero.

it is like 2013 in the "defi region" inside ETH eco-space, there will be big winners in there mid-longterm or the next big thing in defi is still about to come. sadly no POW in there

At one moment, I was thinking why buy 5700XT if farming makes more money, no worries about electricity bills.... then thats when I ponder on the big question.... what's the difference in MINING and FARMING? 

we all are computer/electricity tinkers here, but the reality is people like us are 1 is to 1000 (probably more)..majority just knows how to use computers and they are better off in POS or digital farming, and they compose the larger chunk of the crypto economy.

[adaseb]

In summary, this Defi thing is not for the faint hearted. The GAS required for Defi transactions is bloody expensive. But people are fomo-ing because the hopium seems to point that this defi projects are 10x, 50x, 100x returns.

Yes GAS fees have never been this high before. I think just to send a simple transaction where you send directly to another user (no contract) is around $3.50. But if you actually want to do a contract transaction using gas fees of 375 Gwei be prepared to pay more in gas fees than to actually fill up a car pretty much.

I think many people that are getting involved in this probably have no idea how any of this works. They might not even know how much is actually being sent to perform a Defi transaction. But I guess paying $100 in fees is already when you made $10000 in less than 24 hours.

Either way, this smells like the ICO of 2017. It could end badly or actually it will end badly however the question is .... when

[citronick]

Anyone thinking to revisit LTC mining?

Just a hunch but with BTC and ETH climbing higher..... 

LTC could make a sudden jump since Top 10 coins will usually follow the gravy train (well almost all Top 10 coins)

Phil.... do you still have your L3s?

Sold my L3s a long time ago when I sold off my ASICs at Labrador.

[philipma1957]

Anyone thinking to revisit LTC mining?

Just a hunch but with BTC and ETH climbing higher.....  

LTC could make a sudden jump since Top 10 coins will usually follow the gravy train (well almost all Top 10 coins)

Phil.... do you still have your L3s?

Sold my L3s a long time ago when I sold off my ASICs at Labrador.

I am mining with 7 of them  

Can't justify more then that.  Comes to 3gh I could mine as much as 10.5gh As I have the l3's on standby.

I have a lot of doge hodl.

https://dogechain.info/address/DKYP3RRoaempZAjLbDmRUDzQ8AP8NtDGnQ


I would love to see it move to 1 penny.


I tracked all the spare mobos I have

I have 2x 8 slot 4 rise mobos.  could pack in 24 cards there.  I have all parts needed other than the cards.

I have 3 slot 3 riser board could pack six cards there.

I have a really old mobo that should run but it does not run on simple mining it is a h77 has cooler cpu ram

I have the five xmr rigs all mining xmr with no gpus so they can do 5 more cards easy peasy.

So I could use 5+6+24 = 35 cards if I pack them in.


I have 3 of these on order I paid 188 each shipped to the house after discounts

https://www.visiontek.com/radeon-rx-5500xt-8gb-gddr6-graphics-card-1.html

I have 1 of these on order. I paid 188  after discounts and gift cards.
https://www.bestbuy.com/site/xfx-amd-radeon-rx-5600-xt-raw-ii-pro-6gb-gddr6-pci-express-4-0-graphics-card/6398005.p?skuId=6398005

I have 1 of these on order cost was 260 after bucks earned

https://www.ebay.com/ipp/383622754559?

So about 1000 usd with six months to pay 5 cards in all around 168 mhs

those 5 will bring me to 39 running cards.

[GabryRox]

Yes, this ETH situation is definitely interesting, and very profitable for miners, so hopefully it will continue as long as possible!

I'm about to build a 6x 5700 rig... getting GPUs 4 & 5 tomorrow and trying to find a decent deal on #6 now but looks like retailers are getting wise to the demand uptick as the cheapest 5700-XT appears to be the MSI Evoke at $380 but no rebate (I already got 1 of those coming tomorrow for $360 with the August rebate).

Anyway, after that, the last thing i need to build is the open air test bench.  I used DIYPC Alpha-DB6 & Alpha-GT3 on my existing 6 rigs but looks like the ended production of them. I contacted their support and they said they had some GT3s in a warehouse they would sell me but that was 5 days ago and now they are very slow to respond to e-mails about setting up shipping, so not sure thats gonna happen. I have a backup bench arriving tomorrow but it's very bare bones compared to those DIYPC ones that i like.

Any chance anyone here has either their GT3 or DB6 they would be willing to sell me?

I've also been tempted to test the DeFi waters... bought a small amount of LINK at the last dip at around $14, but that's been the extent of it so far.  I saw that Sushi price explosion yesterday lol... so congrats on that!  I've been looking at both ThorChain & Aave too... or maybe i will buy 2% of a yearn.finance token lol ;-)

It's gonna be hot here next few days but no way i am turning off any rigs in this environment! Might be a sweat box for a few days but worth it IMO.

[P00P135]

Might want to save your money for September 17th when the 3080 releases. $700 10 GB GDDR6X and 2x faster than the 2080.  The 3070 is faster than 2080ti but uses 8 GB GDDR6 and comes out in October and its $499

https://www.nvidia.com/en-us/geforce/news/introducing-rtx-30-series-graphics-cards/

[JaredKaragen]

I should probably pick up an L3, plug it in and just leave it in the corner....

I have been entertaining the idea for some time now...

I was able to do that with many S3's, and even sold the s3's years later at a profit from the initial purchase price (in and out at the right times)

[philipma1957]

I should probably pick up an L3, plug it in and just leave it in the corner....

I have been entertaining the idea for some time now...

I was able to do that with many S3's, and even sold the s3's years later at a profit from the initial purchase price (in and out at the right times)

If you find a good one and under volt it a bit 750 watts and 500 mh can be done.

[GabryRox]

Might want to save your money for September 17th when the 3080 releases. $700 10 GB GDDR6X and 2x faster than the 2080.  The 3070 is faster than 2080ti but uses 8 GB GDDR6 and comes out in October and its $499

https://www.nvidia.com/en-us/geforce/news/introducing-rtx-30-series-graphics-cards/

Radeon 5000 series currently have a large lead on NVidia 2000 series when it comes to ETH mining effeciency/profitability.  Assuming you will be able to get a hold of 6 3080's in the next 3 weeks at $700 each, they would have to do close to 100Mhz on ETH to be equivalent to the 5700XT's.  I seriously doubt they will even approach that number.

Now granted, i totally get that Nvidia GPUs are better at mining other algos, but let's be honest... right now, all the money is in ETH mining. Maybe that ends next week (i sure hope not) but you can only go with what you have.  Plus, losing 3 weeks of mining at these rates would be insanely crazy, especially since I already have it 90% bought.

Personally, I am much more eager to see what the Radeon Big Navi cards are going to be capable of. That's why I will likely be holding off on building my next rig until after they are released.

[alucard20724]

I'm about to build a 6x 5700 rig... getting GPUs 4 & 5 tomorrow and trying to find a decent deal on #6 now but looks like retailers are getting wise to the demand uptick as the cheapest 5700-XT appears to be the MSI Evoke at $380 but no rebate (I already got 1 of those coming tomorrow for $360 with the August rebate).

MSI has the september  rebates up now.

https://msi.rebateaccess.com/promotion.php?p=91539
https://msi.rebateaccess.com/promotion.php?p=91540
https://msi.rebateaccess.com/promotion.php?p=91541