HOW TO START MINING

[yotano211]

Its how we did it as well. Just made life easy and simple. The CPU wasn't required so we left that as basic as possible. We found that the Gigabyte cards we had where terrible compared to the Strix we later bought (and I still have) temps/noise/performance, but we managed to sell them pretty easily which was a nice surprise.

Still trying to do anything with mining now? Personally, utter waste sadly



Yep, going to take a long time to get back the price of one 3090 card let alone all the other components in the system. If the op has bought one system per card, that's a lot of cash right there..

I hope they can get back to us with their findings and what they are planning to do with the hardware

I have nothing to do with mining now, only did it for about 15 months. Halfway into the mining craze i started to build mining machines for people. Made lots more money buiding them for others than mining with so many machines. I bought my beautiful boat in my avatar with the profits and some upgrades.

 

[ELITE83]

So where is the justice?
Europe and the united states - cheap video cards and expensive electricity
Russia - cheap electricity and expensive video cards
----
video card 3080 costs 70,000 rubles
electricity 3.5 rubles / kWh
profitability of mining 3080 approximately 12,000 rubles / month.
electricity costs with a consumption of 0.4 kW / h = 1000 rubles / month
The rest of the profit is 11,000 per month (this is about the same as the minimum wage in Russia established by the state)

 

[Toothless]

Так где же справедливость?
Европа и США - дешевые видеокарты и дорогое электричество
Россия - дешевое электричество и дорогие видеокарты
----
видеокарта 3080 стоит 70000 руб.
электричество 3,5 руб. / кВтч
рентабельность майнинга 3080 примерно 12000 руб / мес.
затраты на электроэнергию при расходе 0,4 кВт / час = 1000 руб / мес.
Остальная прибыль - 11000 в месяц (это примерно столько же, сколько минимальная заработная плата в России, установленная государством)

This is an English speaking forum. Please use google translate or the sort.

 

[ELITE83]

This is an English speaking forum. Please use google translate or the sort.

google translator together with google translator plugin makes double translation when sending to the site
As a result, sending in English - on the site it is inserted in Russian ...
Have to fix it by disabling the translation plugin

 

[STSMiner]

Guess some need to educate themselves here on this subject !

Mining with GPU's is profitable, but you got to do it right and have cheap electric to start with (under 0.12c Kw/h).

Mining with ASIC's can be profitable for 3 - 8 months (sometimes longer), then it's time to offload / upgrade to better devices.

Anyway, for those looking at this, research is the key to any of this.

Google -- GPU Mining Resources -- and start from there.

 

[Jetster]

Things change, bit coin is at a record high. So is the price of GPUs

 

[trog100]

i have 9 gpus currently mining.. one 2080 ti .. my desktop machine its showing about 2.5 dollars per day and one 8 x 1070 machine.. its showing 8.5 dollars per day.. its also heating my bedrooms nicely.. he he

its all hardware i already owned and is showing a small profit.. certainly not worth buying the hardware just to mine.. however if a person had some spare cash and purchased one bitcoin just thirty days ago at just under $17000 dollars it would now be worth just under $27000 dollars.. a nice profit for sure..

mining is a waste of space and always has been.. owning and hodling pays off though.. but you do need enough money to buy the stuff in the first place.. its an old saying which always has been true.. you need money to make money..

the small amount of bitcoin which i acquired three years ago and hung on to has earned me three grand or so in the last three weeks... my mining maybe a $100 dollars or so..

trog

ps.. three years ago i spent about just over £4000 quid building a mining machine i did it for fun.. but if i had have just taken the money i spent on the mining hardware and bought crypto with it.. it would have bought me one whole bitcoin back then.. that one whole bitcoin would now be worth around £22000 quid..

basically dont mine it (it takes too long) just buy it..

 

[yotano211]

i have 9 gpus currently mining.. one 2080 ti .. my desktop machine its showing about 2.5 dollars per day and one 8 x 1070 machine.. its showing 8.5 dollars per day.. its also heating my bedrooms nicely.. he he

its all hardware i already owned and is showing a small profit.. certainly not worth buying the hardware just to mine.. however if a person had some spare cash and purchased one bitcoin just thirty days ago at just under $17000 dollars it would now be worth just under $27000 dollars.. a nice profit for sure..

mining is a waste of space and always has been.. owning and hodling pays off though.. but you do need enough money to buy the stuff in the first place.. its an old saying which always has been true.. you need money to make money..

the small amount of bitcoin which i acquired three years ago and hung on to has earned me three grand or so in the last three weeks... my mining maybe a $100 dollars or so..

trog

What is your profit after power cost?

 

[trog100]

about 60% of the total roughly not allowing anything for hardware costs.. my total would be currently $270 dollars a months with just less than half going in power costs..

but its not about what the profit is now its about what it will be in the future.. i think the only way its gonna go is up..

trog

ps.. sunday morning.. yesterday bitcoin went up by around $3000 dollars.. 24xxx to 27xxx.. my miner earned me around $11 dollars less leccy..

they say its now being driven by big institutions and not nerds in a basement.. or bitcoin has become "respectable"..

trog

 

[ELITE83]

with the growth of the cue ball, I decided to try it on RX580
Without BIOS firmware
GPU 1250
MEM 2200 (power 900mv)
32.65 Mh
105w 57c
profitability on kryptex at the current rate of 5700-6000rubles / month (80-85$)
---
electricity consumption about 200W / h (5kW / day)
price (city tariff 5 rubles / kW) 5 * 5 * 30 = 750 rubles / month (12-13$)

 

[Hardcore Games]

power costs are eating a larger chunk of the earnings for older cards and more recent cards are eroding fast as well