What are your plans for the coming year?

[Daltonik]

I have already purchased RTX 4090, so I don't really expect surprises in 2023 for myself in terms of acquiring future Nvidia cards, if only to expect the release of RTX 4090Ti, it was interesting to see what they would do.

I hope you bought it for games and not for earning 40 cents a day.

Of course, mainly for games in 4k resolution, but sometimes I just test rtx4090 in different coins, but mostly it works on ssc mining since you can get about $0.9 a day there since the number of miners is not large.

[1715544603]

1715544603

[swogerino]

I have already purchased RTX 4090, so I don't really expect surprises in 2023 for myself in terms of acquiring future Nvidia cards, if only to expect the release of RTX 4090Ti, it was interesting to see what they would do.

I hope you bought it for games and not for earning 40 cents a day.

Of course, mainly for games in 4k resolution, but sometimes I just test rtx4090 in different coins, but mostly it works on ssc mining since you can get about $0.9 a day there since the number of miners is not large.

Be careful with that and do occasional checks every now and then so you don't risk it to melt the connectors as there are a lot of such cases with the 4090 card.I like that you also use it for mining,those 0.9 daily now in the deepest part of the crypto winter can be like 90 daily in the next huge bull run hopefully and if it is not 90 I am pretty sure it will be at least 20-30 daily with that rate.

I would also occasionally mine low difficulty coins with it just to collect some,you have this luxury,that card permits it truly in a marvelous way because of the hash rate it has.

[FP91G]

What are the electricity rates in Portugal?

Depending on the type of contract, the values are around 0.16~0.19€/kWh.

These are not the highest prices in Europe that I have heard of. I have less than $0.05 due to the fact that the dollar has risen against the ruble again, but mining is unprofitable. If there is no cheap electricity in Europe, then many miners will sell their video cards.

I have already purchased RTX 4090, so I don't really expect surprises in 2023 for myself in terms of acquiring future Nvidia cards, if only to expect the release of RTX 4090Ti, it was interesting to see what they would do.

I hope you bought it for games and not for earning 40 cents a day.

Of course, mainly for games in 4k resolution, but sometimes I just test rtx4090 in different coins, but mostly it works on ssc mining since you can get about $0.9 a day there since the number of miners is not large.

With such a profit, unfortunately, mining is not profitable on this video card.

[hymperion]

on average the price in europe is 0.30, a very expensive price for mining.

I'm also mining DASH, hoping it has a good recovery at the next bull.

[rdluffy]

Of course, mainly for games in 4k resolution, but sometimes I just test rtx4090 in different coins, but mostly it works on ssc mining since you can get about $0.9 a day there since the number of miners is not large.

What is ssc mining?
0.9 a day is not bad at all at recent market conditions

Depending on the type of contract, the values are around 0.16~0.19€/kWh.

It's almost the same as mine, here it's something like 0.20 USD kWh

These are not the highest prices in Europe that I have heard of. I have less than $0.05 due to the fact that the dollar has risen against the ruble again, but mining is unprofitable. If there is no cheap electricity in Europe, then many miners will sell their video cards.

With $0.05 kWh I think I would be mining with more cards right now 


I don't know you guys but I'm finally playing some PC games after some years only mining with my cards hehehe
I used to play in PC, but after the profits of mining I always thought about losing money.

[joker_josue]

I don't know you guys but I'm finally playing some PC games after some years only mining with my cards hehehe
I used to play in PC, but after the profits of mining I always thought about losing money.

We are two! We have to take advantage of the fact that we have good GPUs. 

It's always good to unwind with a good PC game.

[FP91G]

These are not the highest prices in Europe that I have heard of. I have less than $0.05 due to the fact that the dollar has risen against the ruble again, but mining is unprofitable. If there is no cheap electricity in Europe, then many miners will sell their video cards.

With $0.05 kWh I think I would be mining with more cards right now  

What coins would you mine and on what video cards? My old GTX1070 and GTX1080 graphics cards are on sale now, GeForce RTX 2070 will give me $5 profit per card per month. It is unprofitable, and if I have to go to the village to maintain the farm, then my profit will be very small. I decided to keep these graphics cards in good condition until next season.

[Daltonik]

I have already purchased RTX 4090, so I don't really expect surprises in 2023 for myself in terms of acquiring future Nvidia cards, if only to expect the release of RTX 4090Ti, it was interesting to see what they would do.

I hope you bought it for games and not for earning 40 cents a day.

Of course, mainly for games in 4k resolution, but sometimes I just test rtx4090 in different coins, but mostly it works on ssc mining since you can get about $0.9 a day there since the number of miners is not large.

Be careful with that and do occasional checks every now and then so you don't risk it to melt the connectors as there are a lot of such cases with the 4090 card.I like that you also use it for mining,those 0.9 daily now in the deepest part of the crypto winter can be like 90 daily in the next huge bull run hopefully and if it is not 90 I am pretty sure it will be at least 20-30 daily with that rate.

I would also occasionally mine low difficulty coins with it just to collect some,you have this luxury,that card permits it truly in a marvelous way because of the hash rate it has.

Thanks for the reminder, I know about this problem, so I periodically monitor the temperature of the 12 pin rtx 4090 power connector and note that its temperature does not differ from the temperature inside the case, so for now the card pleases.

[swogerino]

These are not the highest prices in Europe that I have heard of. I have less than $0.05 due to the fact that the dollar has risen against the ruble again, but mining is unprofitable. If there is no cheap electricity in Europe, then many miners will sell their video cards.

With $0.05 kWh I think I would be mining with more cards right now  

What coins would you mine and on what video cards? My old GTX1070 and GTX1080 graphics cards are on sale now, GeForce RTX 2070 will give me $5 profit per card per month. It is unprofitable, and if I have to go to the village to maintain the farm, then my profit will be very small. I decided to keep these graphics cards in good condition until next season.

That is a good thing to do,I am also following your advice,have turned off most of my cards and just keep 100 Mhsh of mining at loss these low difficulty coins which I am so far pleased with the results,speaking of the amount of coins I make daily,weekly and monthly.All other cards that I have powerful and not powerful I have readily available when the next bull run will come so I can directly start mining again without any new investment and I think this is the best thing to do seeing that the 4000 series from Nvidia and 7000 series from AMD do not offer a whole lot of improvement over the previous generation.

[rdluffy]

We are two! We have to take advantage of the fact that we have good GPUs. 

It's always good to unwind with a good PC game.

It's good because there's tons of games to play and they are cheaper now since it's not new anymore 

What coins would you mine and on what video cards? My old GTX1070 and GTX1080 graphics cards are on sale now, GeForce RTX 2070 will give me $5 profit per card per month. It is unprofitable, and if I have to go to the village to maintain the farm, then my profit will be very small. I decided to keep these graphics cards in good condition until next season.

It's a good decision too, keeping the cards to the next mining season.
In my opinion, If I had 0.05c electricity, I would mine ETC and RVN to hold until a possible bull run next years.

But you make me curious, your farm is not on your home?
In this case I agree with you, it's not worth the work to keep mining.

[joker_josue]

What coins would you mine and on what video cards? My old GTX1070 and GTX1080 graphics cards are on sale now, GeForce RTX 2070 will give me $5 profit per card per month. It is unprofitable, and if I have to go to the village to maintain the farm, then my profit will be very small. I decided to keep these graphics cards in good condition until next season.

It's a good decision too, keeping the cards to the next mining season.
In my opinion, If I had 0.05c electricity, I would mine ETC and RVN to hold until a possible bull run next years.

But you make me curious, your farm is not on your home?
In this case I agree with you, it's not worth the work to keep mining.

As they say: it's time to clean the "weapons" for the next battle. In this case GPUs are the next wave of mining. 

[swogerino]

What coins would you mine and on what video cards? My old GTX1070 and GTX1080 graphics cards are on sale now, GeForce RTX 2070 will give me $5 profit per card per month. It is unprofitable, and if I have to go to the village to maintain the farm, then my profit will be very small. I decided to keep these graphics cards in good condition until next season.

It's a good decision too, keeping the cards to the next mining season.
In my opinion, If I had 0.05c electricity, I would mine ETC and RVN to hold until a possible bull run next years.

But you make me curious, your farm is not on your home?
In this case I agree with you, it's not worth the work to keep mining.

As they say: it's time to clean the "weapons" for the next battle. In this case GPUs are the next wave of mining. 

I think we mean literally clean the "weapons" here as we need to remove the dust that they have accumulated from all that heavy mining that they have done during all the 2020-2021 year,they need to be taken care in the most careful way so they are ready to fight when the next "war" comes,I think the next "war" we will fight we all agree is the other new all time high we all expect at 2024-2025 but which can caught us all by surprise if it happens as soon as this very upcoming year 2023.

[joker_josue]

I think we mean literally clean the "weapons" here as we need to remove the dust that they have accumulated from all that heavy mining that they have done during all the 2020-2021 year,they need to be taken care in the most careful way so they are ready to fight when the next "war" comes,I think the next "war" we will fight we all agree is the other new all time high we all expect at 2024-2025 but which can caught us all by surprise if it happens as soon as this very upcoming year 2023.

I think that if economic life continues to tighten in Europe, we will have the year 2023 of stagnation, where nothing will stand out.
But it's good if it's different, we're here to enjoy it. 

[swogerino]

I think we mean literally clean the "weapons" here as we need to remove the dust that they have accumulated from all that heavy mining that they have done during all the 2020-2021 year,they need to be taken care in the most careful way so they are ready to fight when the next "war" comes,I think the next "war" we will fight we all agree is the other new all time high we all expect at 2024-2025 but which can caught us all by surprise if it happens as soon as this very upcoming year 2023.

I think that if economic life continues to tighten in Europe, we will have the year 2023 of stagnation, where nothing will stand out.
But it's good if it's different, we're here to enjoy it. 

For this we have to thank Russia with their idiotic senseless war against Ukraine.The good thing is that they are losing and prices have stabilized in most of Europe,also the hiring is on the rise in Europe which was stagnant in the first months of war so I think we are good.I know that the central banks both in US and Europe want to make it look like we have hyperinflation and they are raising interest rates to contain this but I think they are bluffing,we will see a much more stabilized Eurozone economy in the 2023.We will enjoy it for sure.

[mindrust]

After this very turbulent year, what are your plans for the coming year?

I had to sell most of my gpus, I managed to sell for a reasonable price, it wasn't at the peak, but it was good.
The price of electricity increased, the ETH POW ended, and the price plummeted.
But I have already witnessed these market changes and I know that things can change quickly, new minable coins can emerge, prices can skyrocket and we have to stay alert to catch the best timing possible.

Here I still have my PSUs, processors, risers and more, ready for a possible comeback.
I'm following the 4080 and look forward to see how much the RTX 4060 Ti will cost. I don't have any RTX 4xxx series yet.

And another important thing I learned in the market: always have a plan, optimistic and pessimistic, so you can take better advantage of the market.
Without a plan you can end up with a bag of worthless coins and/or be left out of a good opportunity.

I know I won't be mining any crypto. There are lots of other more productive jobs I can do instead of buying and running GPU's. When you think about it mining isn't a viable/productive business at all. I'd rather buy and hold crypto and do something else with the free time I get. ETH's move towards PoS was devastating for the miners too. It doesn't make any sense to insist on reviving a dead industry. Just find yourself another job.

Maybe build yourself an online crypto casino. It makes more sense than mining crypto imo.

[FP91G]

It's a good decision too, keeping the cards to the next mining season.
In my opinion, If I had 0.05c electricity, I would mine ETC and RVN to hold until a possible bull run next years.

But you make me curious, your farm is not on your home?
In this case I agree with you, it's not worth the work to keep mining.

In Russia, there are different tariffs for electricity for urban and rural residents. If you are in a village, then electricity is cheaper from 25 to 50%, but it depends on the region and on programs to help rural residents. If the house is registered for a pensioner with a disability, then this is another 30% subsidies. But the inspectors will have questions about why a pensioner spends 10,000-15000 kilowatts or more per month.
Real estate in the village is inexpensive, so the miners bought houses to install mining farms.

[joker_josue]

In Russia, there are different tariffs for electricity for urban and rural residents. If you are in a village, then electricity is cheaper from 25 to 50%, but it depends on the region and on programs to help rural residents. If the house is registered for a pensioner with a disability, then this is another 30% subsidies. But the inspectors will have questions about why a pensioner spends 10,000-15000 kilowatts or more per month.
Real estate in the village is inexpensive, so the miners bought houses to install mining farms.

Russia has a large energy production capacity, either through oil or through gas. Therefore, it is normal for them to be able to present lower energy prices.
In addition, they have another very useful element for miners, which are low temperatures. This allows not having such high costs for cooling the equipment.

[swogerino]

In Russia, there are different tariffs for electricity for urban and rural residents. If you are in a village, then electricity is cheaper from 25 to 50%, but it depends on the region and on programs to help rural residents. If the house is registered for a pensioner with a disability, then this is another 30% subsidies. But the inspectors will have questions about why a pensioner spends 10,000-15000 kilowatts or more per month.
Real estate in the village is inexpensive, so the miners bought houses to install mining farms.

Russia has a large energy production capacity, either through oil or through gas. Therefore, it is normal for them to be able to present lower energy prices.
In addition, they have another very useful element for miners, which are low temperatures. This allows not having such high costs for cooling the equipment.

I think the cooling is a perfect element why miners there can run their farms without additional cooling costs or devices most of the time,the temperatures in winter are often below zero there.For the energy they should have much cheaper than 0.05 usd/eur/kw as they have a huge capacity in energy production,they were serving all of Europe before they decided it is time to just invade another independent country bordering them and from then Europe has put a lot of sanctions greatly reducing their relying on Russian energy,now that this happened for 2023 they should have energy price of 0.01-0.02 usd/eur/kw which should further incentive miners to even running their rigs when we are in the deepest of the crypto winter stage.

[FP91G]

In Russia, there are different tariffs for electricity for urban and rural residents. If you are in a village, then electricity is cheaper from 25 to 50%, but it depends on the region and on programs to help rural residents. If the house is registered for a pensioner with a disability, then this is another 30% subsidies. But the inspectors will have questions about why a pensioner spends 10,000-15000 kilowatts or more per month.
Real estate in the village is inexpensive, so the miners bought houses to install mining farms.

Russia has a large energy production capacity, either through oil or through gas. Therefore, it is normal for them to be able to present lower energy prices.
In addition, they have another very useful element for miners, which are low temperatures. This allows not having such high costs for cooling the equipment.

I think the cooling is a perfect element why miners there can run their farms without additional cooling costs or devices most of the time,the temperatures in winter are often below zero there.For the energy they should have much cheaper than 0.05 usd/eur/kw as they have a huge capacity in energy production,they were serving all of Europe before they decided it is time to just invade another independent country bordering them and from then Europe has put a lot of sanctions greatly reducing their relying on Russian energy,now that this happened for 2023 they should have energy price of 0.01-0.02 usd/eur/kw which should further incentive miners to even running their rigs when we are in the deepest of the crypto winter stage.

There are regions in Russia with a price of 0.01-0.02 USD/EUR/kW, such as the Irkutsk region. In large-scale production, electricity prices are cheaper due to large consumption. Prices for citizens are regulated by the regulations of the energy commission in each region. And the price does not depend on the consumption of 100 kilowatts or 15,000 kilowatts. The problem of many villages in Russia is that there are very old transformers and if the miners turn on their mining farm, then the voltage in the electrical network drops. Residents are complaining, power engineers are starting to look for miners.

[swogerino]

In Russia, there are different tariffs for electricity for urban and rural residents. If you are in a village, then electricity is cheaper from 25 to 50%, but it depends on the region and on programs to help rural residents. If the house is registered for a pensioner with a disability, then this is another 30% subsidies. But the inspectors will have questions about why a pensioner spends 10,000-15000 kilowatts or more per month.
Real estate in the village is inexpensive, so the miners bought houses to install mining farms.

Russia has a large energy production capacity, either through oil or through gas. Therefore, it is normal for them to be able to present lower energy prices.
In addition, they have another very useful element for miners, which are low temperatures. This allows not having such high costs for cooling the equipment.

I think the cooling is a perfect element why miners there can run their farms without additional cooling costs or devices most of the time,the temperatures in winter are often below zero there.For the energy they should have much cheaper than 0.05 usd/eur/kw as they have a huge capacity in energy production,they were serving all of Europe before they decided it is time to just invade another independent country bordering them and from then Europe has put a lot of sanctions greatly reducing their relying on Russian energy,now that this happened for 2023 they should have energy price of 0.01-0.02 usd/eur/kw which should further incentive miners to even running their rigs when we are in the deepest of the crypto winter stage.

There are regions in Russia with a price of 0.01-0.02 USD/EUR/kW, such as the Irkutsk region. In large-scale production, electricity prices are cheaper due to large consumption. Prices for citizens are regulated by the regulations of the energy commission in each region. And the price does not depend on the consumption of 100 kilowatts or 15,000 kilowatts. The problem of many villages in Russia is that there are very old transformers and if the miners turn on their mining farm, then the voltage in the electrical network drops. Residents are complaining, power engineers are starting to look for miners.

There are quite a lot of similarities between the villages in Russia and those in the country where I live in despite us being several thousand kilometers of distance from each other.In here also the transformers are old enough but the electricity is much more expensive than those in Russia being at 0.09-0.10 usd/eur/kw and at these ranges no one is interested to set up a mining farm there.

Interesting enough the houses there cost a maximum of 2000 dollars,yes that cheap,it is relatively cold as they are near the mountains bordering another country yet the electricity price does not make it attractive,funny how things differ from country to country.

I think what we need and I think Russia can afford that too,is Wind Turbines powered energy,it can be the game changer for anyone who want to set up a mining farm at minimal cost.