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vlcksys
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June 06, 2020, 02:17:45 PM
Merited by philipma1957 (1)
 #1

I would like to discuss further about my other thread: https://bitcointalk.org/index.php?topic=5253633.0
I've been suggested to open a new thread here for altcoins, so here I am
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philipma1957
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June 06, 2020, 03:18:08 PM
 #2

vicksys wrote a thread  asking about  a solar setup.

He can get a 20kw setup grid tied

which is around 3.33kw to 4kw 24/7/365

He was asking about asic btc mining.  But then asked about gpu/cpu alt coin mining

as we all know frodocooper will delete alt coin or move alt coin questions so I told him write up a thread here.

So to all. lets say you have 3.33kwatt to 4.0kwatt an hour 24/7/365

Basically free power.

Please tell what you would setup.

All asic sha 256

other asic

or gpu

or cpu.


I have sha 256 ASICs
I have ltc asics
I have gpu's
I have cpu's

If you gave me  4 k-watts for free

and if noise matters I would get some old s-9 program with braiins. and run about 1 k-watt

look at this.  YouTube it is not click bait as I earn zero for you or anyone looking.


https://www.youtube.com/watch?v=U-tLR6sEVQs


this uses about 900 watts and does about 11.0 th


has special  fans and 2 boards per unit to keep noise down.


you can use a 3 board units if noise does not matter.  braiins will let you clock to 900 watts and around 11th. that is 1 dollar a day.

 the miner and psu is about  75 on eBay braiins is free to download and charges 2 %. of your earnings so the s9 makes close to a dollar a day.  it should pay off fast well under 100 days.

as for adding
gpus.
L3+  asic miners for LTC + doge merge mining
cpus

lets try to figure out a 3.3 kwatt farm and a 4.0 kwatt farm

Lets say sound is not an issue.

I would do

1x 3 board s9 with braiins. ---  cost under  100.   power. 900 watts
1x l3+ -------------------------- cost under 100.    power. 750 watts with correct firmware

that is 1650 watts


I think I would make a simple mining rig.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
vlcksys
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June 06, 2020, 03:24:28 PM
 #3

vicksys wrote a thread  asking about  a solar setup.

He can get a 20kw setup grid tied

which is around 3.33kw to 4kw 24/7/365

He was asking about asic btc mining.  But then asked about gpu/cpu alt coin mining

as we all know frodocooper will delete alt coin or move alt coin questions so I told him write up a thread here.

So to all. lets say you have 3.33kwatt to 4.0kwatt an hour 24/7/365

Basically free power.

Please tell what you would setup.

All asic sha 256

other asic

or gpu

or cpu.


I have sha 256 ASICs
I have ltc asics
I have gpu's
I have cpu's

If you gave me  4 k-watts for free

and if noise matters I would get some old s-9 program with braiins. and run about 1 k-watt

look at this.  YouTube it is not click bait as I earn zero for you or anyone looking.


https://www.youtube.com/watch?v=U-tLR6sEVQs


this uses about 900 watts and does about 11.0 th


has special  fans and 2 boards per unit to keep noise down.


you can use a 3 board units if noise does not matter.  braiins will let you clock to 900 watts and around 11th. that is 1 dollar a day.

 the miner and psu is about  75 on eBay braiins is free to download and charges 2 %. of your earnings so the s9 makes close to a dollar a day.  it should pay off fast well under 100 days.

as for adding
gpus.
L3+  asic miners for LTC + doge merge mining
cpus

lets try to figure out a 3.3 kwatt farm and a 4.0 kwatt farm

Lets say sound is not an issue.

I would do

1x 3 board s9 with braiins. ---  cost under  100.   power. 900 watts
1x l3+ -------------------------- cost under 100.    power. 750 watts with correct firmware

that is 1650 watts


I think I would make a simple mining rig.


First off, thanks for the sharing of ideas, I appreciate very.
Do you also have any ideas on the antminer Z15 which is advertised to bring over $15 a day?
Without the energy cost that would make me $20+ a day if it's not a scam (they said it is on some youtube videos, but i've no idea).
-> https://www.asicminervalue.com/miners/bitmain/antminer-z15
Even if they resell overpriced (double original price) at $3000, I'd be ROI in approx 3 months  Huh

I don't know, it seems to good to be true, even without solar panels and paying for the energy, 420khs x 1500W would generate around $19-20 of net profit per day with a cost of $0.18 x kWh even with increasing difficulty, that's ROI in 3 months (based on https://minerstat.com/coin/NH-Equihash)
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June 06, 2020, 08:25:11 PM
 #4

vicksys wrote a thread  asking about  a solar setup.
...



https://www.youtube.com/watch?v=U-tLR6sEVQs



...


I think I would make a simple mining rig.


First off, thanks for the sharing of ideas, I appreciate very.
Do you also have any ideas on the antminer Z15 which is advertised to bring over $15 a day?
Without the energy cost that would make me $20+ a day if it's not a scam (they said it is on some youtube videos, but i've no idea).
-> https://www.asicminervalue.com/miners/bitmain/antminer-z15
Even if they resell overpriced (double original price) at $3000, I'd be ROI in approx 3 months  Huh

I don't know, it seems to good to be true, even without solar panels and paying for the energy, 420khs x 1500W would generate around $19-20 of net profit per day with a cost of $0.18 x kWh even with increasing difficulty, that's ROI in 3 months (based on https://minerstat.com/coin/NH-Equihash)

Most likely the z15 will flood the market and kill off the coin price.

This has happened more then once to many coins.

It is very hard to get a hot new miner and then get a big coin price jump. = really nice score.


z15 came out a while ago they sell and sell and sell  hash overwhelms market and price crashes = very common.


it is why a guy with free power show play with cheaper older gear.  and try to make slow nickels.

rather than buy a hot new expensive miner.


If you had my power deal  200 kwatts x .8 = 160 kwatts set cost is split the coins.


so it is like 80kwatts for 'free'    you could mix a high end unit here and there.  along with cheaper gear.


but you have 3.3 to 4 or maybe 3.3 to 5 kwatts.

telling you to buy the z15  and having it collapse in price would be bad advice.

telling you to find a cheap s9 a cheap l3+
and build a rig to us simple mining os.  say 4 gpus is more certain to make your money back.

yeah running 1000 into 10000 won't happen most likely

but turning 1000 into 1500 plus the gear paid off should happen in under 15 months.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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June 06, 2020, 08:31:51 PM
 #5


Most likely the z15 will flood the market and kill off the coin price.

This has happened more then once to many coins.



So I guess it's not a good investment?
So the most I can get out of the whole implant is just between 1-3$ a day?
I'm not sure if this even worth the hassle of mining at all  Huh

Idk, having to spend multiple thousands on hardware just to make out 1-3$ a day, doesn't worth it imho. I don't expect to get rich with no investment but it seems like even investing a lot, won't return any substantial profit at all
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June 06, 2020, 08:52:03 PM
 #6

What you do instead is go on Craiglist/eBay and buy as many RX 470/480/570/580 8GB GPUs as you can. You can get them for $100 each or so. Hook up 6 per rig so $600 for GPUs, $200 for PSU, $100 for motherboard, $100 for various components like risers and such. So cost for 1 rig which has 6 GPUs will be $1000. Currently each GPU makes $0.50 per day so $3 per day using ~900 Watts.

You got 4kw of power? So multiply that buy x4 and you would get $12 per day. You can also resell the GPUs in the future to gamers for maybe 50% of what you paid as long as they don't blow up. Whether this is worth the hassle its up to you. Keep in minds GPUs crash more often than ASICs so you will need to babysit them from time to time.

In general, mining is so unprofitable these days that its not even worth it if you got free power.

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vlcksys
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June 06, 2020, 08:58:53 PM
 #7

What you do instead is go on Craiglist/eBay and buy as many RX 470/480/570/580 8GB GPUs as you can. You can get them for $100 each or so. Hook up 6 per rig so $600 for GPUs, $200 for PSU, $100 for motherboard, $100 for various components like risers and such. So cost for 1 rig which has 6 GPUs will be $1000. Currently each GPU makes $0.50 per day so $3 per day using ~900 Watts.

You got 4kw of power? So multiply that buy x4 and you would get $12 per day. You can also resell the GPUs in the future to gamers for maybe 50% of what you paid as long as they don't blow up. Whether this is worth the hassle its up to you. Keep in minds GPUs crash more often than ASICs so you will need to babysit them from time to time.

In general, mining is so unprofitable these days that its not even worth it if you got free power.

Thank you for the idea, I did thought about RX580, however the cheapest i could find of RX580 is 289€ (about $300) shipped to Italy, so a rig of x6 GPU would cost me about $2300-2400, that's ROI in one year of babysitting and hoping it stays at those profits rate, which won't happen, so lets calculate a ROI of 15 months, is it even worth it?
Also I won't be able to upgrade nothing at some point, because it'd be using power cost from public grid at a price of $0.20 kWh, enough to cause a loss on basically every GPU out there and 90% of ASICS.

All this would cost about $30k for the solar implant, which I'm not directly paying, but still has to be calculated in the picture, so basically it's never ROI, or overall would be around 15 years for a poor $2.3k
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June 07, 2020, 05:30:54 AM
 #8

What you do instead is go on Craiglist/eBay and buy as many RX 470/480/570/580 8GB GPUs as you can. You can get them for $100 each or so. Hook up 6 per rig so $600 for GPUs, $200 for PSU, $100 for motherboard, $100 for various components like risers and such. So cost for 1 rig which has 6 GPUs will be $1000. Currently each GPU makes $0.50 per day so $3 per day using ~900 Watts.

You got 4kw of power? So multiply that buy x4 and you would get $12 per day. You can also resell the GPUs in the future to gamers for maybe 50% of what you paid as long as they don't blow up. Whether this is worth the hassle its up to you. Keep in minds GPUs crash more often than ASICs so you will need to babysit them from time to time.

In general, mining is so unprofitable these days that its not even worth it if you got free power.

Thank you for the idea, I did thought about RX580, however the cheapest i could find of RX580 is 289€ (about $300) shipped to Italy, so a rig of x6 GPU would cost me about $2300-2400, that's ROI in one year of babysitting and hoping it stays at those profits rate, which won't happen, so lets calculate a ROI of 15 months, is it even worth it?
Also I won't be able to upgrade nothing at some point, because it'd be using power cost from public grid at a price of $0.20 kWh, enough to cause a loss on basically every GPU out there and 90% of ASICS.

All this would cost about $30k for the solar implant, which I'm not directly paying, but still has to be calculated in the picture, so basically it's never ROI, or overall would be around 15 years for a poor $2.3k

Yes the profits are terrible and in my opinion I wouldn't go thru the hassle, the headache just wouldn't be worth it. Maybe if you had some experience in the past but to start off from scratch learning everything and then running into issues that you have to troubleshoot and losing money for everyday that your rig is offline is stressful.

The only people who are left mining these days are the large farms in China with cheap power and get discounts on ASICs or the people who ROI'd their GPUs back in 2017 and they got 5c power and are pretty much mining and hoping ETH goes to like $500 or BTC to $20K or so.

From a perspective where you mine to make a living is just not possible in 2020 especially for a home miner.

.BEST..CHANGE.███████████████
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..BUY/ SELL CRYPTO..
vlcksys
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June 07, 2020, 03:21:46 PM
Last edit: June 08, 2020, 03:14:02 PM by vlcksys
 #9

What you do instead is go on Craiglist/eBay and buy as many RX 470/480/570/580 8GB GPUs as you can. You can get them for $100 each or so. Hook up 6 per rig so $600 for GPUs, $200 for PSU, $100 for motherboard, $100 for various components like risers and such. So cost for 1 rig which has 6 GPUs will be $1000. Currently each GPU makes $0.50 per day so $3 per day using ~900 Watts.

You got 4kw of power? So multiply that buy x4 and you would get $12 per day. You can also resell the GPUs in the future to gamers for maybe 50% of what you paid as long as they don't blow up. Whether this is worth the hassle its up to you. Keep in minds GPUs crash more often than ASICs so you will need to babysit them from time to time.

In general, mining is so unprofitable these days that its not even worth it if you got free power.

Thank you for the idea, I did thought about RX580, however the cheapest i could find of RX580 is 289€ (about $300) shipped to Italy, so a rig of x6 GPU would cost me about $2300-2400, that's ROI in one year of babysitting and hoping it stays at those profits rate, which won't happen, so lets calculate a ROI of 15 months, is it even worth it?
Also I won't be able to upgrade nothing at some point, because it'd be using power cost from public grid at a price of $0.20 kWh, enough to cause a loss on basically every GPU out there and 90% of ASICS.

All this would cost about $30k for the solar implant, which I'm not directly paying, but still has to be calculated in the picture, so basically it's never ROI, or overall would be around 15 years for a poor $2.3k

Yes the profits are terrible and in my opinion I wouldn't go thru the hassle, the headache just wouldn't be worth it. Maybe if you had some experience in the past but to start off from scratch learning everything and then running into issues that you have to troubleshoot and losing money for everyday that your rig is offline is stressful.

The only people who are left mining these days are the large farms in China with cheap power and get discounts on ASICs or the people who ROI'd their GPUs back in 2017 and they got 5c power and are pretty much mining and hoping ETH goes to like $500 or BTC to $20K or so.

From a perspective where you mine to make a living is just not possible in 2020 especially for a home miner.

How about mining altcoins? I mean, it doesn't have to be forced ETH or BTC, I could mine ZEC, RVN, MON and so on. Would these profit more?  Huh
My plans were to start with a 8-12months ROI average and re-invest everything each time and go big, with an endpoint of like 500-1000 GPU's or I would consider asics since they crash way less. (this assuming i can expand my solar panels or find some deal for a cheap power cost below $0.07)
I had a goal of basically start off as a home miner and turn it into a full activity
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June 08, 2020, 03:29:18 PM
 #10

So, I had some calculations, and it looks like I'd better go with one of these options:
1) get a bank loan and go big directly with either about 54+ 5700RX's with an average ROI of 11months or 10+ A10 innosilicon with again a ROI of 12months
2) just get about 18x 5700RX and upgrade year by year reinvesting everything, still ROI in 11months

However in both cases, with the threat of ETH going POW, I guess the A10 innosilicon isn't a good deal, is it?  Huh
In the 54+ GPU case I think I'm gonna have to spend about 4 to 6 hours per day just to check on crashes though, does them crash that often?
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June 09, 2020, 01:15:10 AM
 #11

So, I had some calculations, and it looks like I'd better go with one of these options:
1) get a bank loan and go big directly with either about 54+ 5700RX's with an average ROI of 11months or 10+ A10 innosilicon with again a ROI of 12months
2) just get about 18x 5700RX and upgrade year by year reinvesting everything, still ROI in 11months

However in both cases, with the threat of ETH going POW, I guess the A10 innosilicon isn't a good deal, is it?  Huh
In the 54+ GPU case I think I'm gonna have to spend about 4 to 6 hours per day just to check on crashes though, does them crash that often?

if you are willing to use simplemining.net and pay 2 bucks a month per rig the gear is very stable and you can access it from any pc in the world.


https://bitcointalk.org/index.php?topic=1541084.0


i point 4 rigs to him and pay him 8 dollar a month.

the rigs are in two locations one it 100 kilometers from my house one is 10 kilometers.

In the last year I had to check  on the units in person only 3 times.  well worth the 96 USD I paid for the year.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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June 09, 2020, 03:57:01 PM
 #12


if you are willing to use simplemining.net and pay 2 bucks a month per rig the gear is very stable and you can access it from any pc in the world.


https://bitcointalk.org/index.php?topic=1541084.0


i point 4 rigs to him and pay him 8 dollar a month.

the rigs are in two locations one it 100 kilometers from my house one is 10 kilometers.

In the last year I had to check  on the units in person only 3 times.  well worth the 96 USD I paid for the year.

I don't think that's a good idea for me, given the fact I'm starting, I'll need all the profit I can get, having to pay $1.8 means between $18-20 per month, that's huge for a starter. I could be wrong tho.
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June 10, 2020, 05:55:28 AM
 #13

So, I had some calculations, and it looks like I'd better go with one of these options:
1) get a bank loan and go big directly with either about 54+ 5700RX's with an average ROI of 11months or 10+ A10 innosilicon with again a ROI of 12months
2) just get about 18x 5700RX and upgrade year by year reinvesting everything, still ROI in 11months

However in both cases, with the threat of ETH going POW, I guess the A10 innosilicon isn't a good deal, is it?  Huh
In the 54+ GPU case I think I'm gonna have to spend about 4 to 6 hours per day just to check on crashes though, does them crash that often?

Personally I would not get a bank loan, I know many people who got into debt by maxing out their credit cards in 2018 buying GPUs only to have the markets turn a few months later. Many were mining and just making enough to only pay the interest on their credit cards, they could forget about ROI their equipment.

The ROI you got of 12 months is not guaranteed, ETH could easily lose half its value and the ROI will be double, what will you do then? If you are willing to accept this risk then go ahead with the 5700RX. Worse case scenario you can sell them to some gamers.

.BEST..CHANGE.███████████████
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June 10, 2020, 11:19:37 AM
 #14

Take into account that a new generation of GPUs from both AMD and NVIDIA will be released later this year. Rumours says around September. That will affect prices of new and second hand GPUs.

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