Editorial Confessions of a Crypto Miner: The Setup

[Jism]

I mined with 5 cards as a experiment. It is fun yes. Profitable? No. Not on such small scale anyway.

If your good with numbers put your money into trading, not mining.

What i did.

 

[R-T-B]

I mined with 5 cards as a experiment. It is fun yes. Profitable? No. Not on such small scale anyway.

If your good with numbers put your money into trading, not mining.

What i did.

My numbers so far are showing it roughly equivalent to a $10.00 per hour job (with very few hours, mind).

It is very profitable over electric but that's about all I can say.

During 2013 to 2015 managed to not make money in crypto. Okaaay...

Reminds me that recent story of dude that went from 3 BTC to 200 BTC to 0.

I didn't have a plan. That said, I made a shitton. I consqeuently lost it all in ASICs. No plan = no success.

So yeah, basically you read about me.

if you feel the need to clear your conscious send me those 1080's ill provide them a loving forever home where they can slave away ..err I mean play all day... running startcitzen and the hunt

I feel no need. I sleep well at night knowing my journalism will benefit the world.

 

[OneMoar]

My numbers so far are showing it roughly equivalent to a $10.00 per hour job (with very few hours, mind).

It is very profitable over electric but that's about all I can say.



I didn't have a plan. That said, I made a shitton. I consqeuently lost it all in ASICs. No plan = no success.

So yeah, basically you read about me.



I feel no need. I sleep well at night knowing my journalism will benefit the world.

*world >>> wallet

 

[R-T-B]

*world >>> wallet

That would not hurt, but my numbers are suggesting nothing exciting yet OneMoar. If they did, do you think I'd only have two cards?

 

[OneMoar]

That would not hurt, but my numbers are suggesting nothing exciting yet OneMoar. If they did, do you think I'd only have two cards?

solution get 4 moar cards!

 

[R-T-B]

solution get 4 moar cards!

But then I will always need OneMoar...

 

[trog100]

i started with 6 cards.. then rapidly bought two more to fill the frame up.. and then put my two 980TI cards on ebay and bought 2 more 1070 cards to mine with my daily use machine.. 10 in all and yep i did end up spending far more than i originally planned to... not as that is all that unusual for me..

the pair of 980TI cards mined okay but generated too much heat and noise to run whilst browsing and the like.. the 1070 cards are near silent and run nice and cool..

trog

 

[trog100]

i started with 6 cards.. then rapidly bought two more to fill the frame up.. and then put my two 980TI cards on ebay and bought 2 more 1070 cards to mine with my daily use machine.. 10 in all and yep i did end up spending far more than i originally planned to... not as that is all that unusual for me..

the pair of 980TI cards mined okay but generated too much heat and noise to run whilst browsing and the like.. the 1070 cards are near silent and run nice and cool..

trog

my own eth mining stats as off today.. 10 x 1070 cards.. the 8 card rig pulls 1000 watts from the wall.. the 2 card desktop machine i have not measured.. at a guess i would say 450 watts-ish its not that power efficient running a 2 card mining rig.. but on the other hand it does include my daily computing use as well..


the slightly lower smoothed out bit on the graph is a two hour gaming session with the desktop miner switched off..

trog

 

[Goldenbunip]

There is one, very large issue I have with mining that I never see mentioned...

That is how much of a massive waste of energy it is to accomplish almost nothing. Now, if the majority of cryptocurrencies created value in furthering science, I may be okay with that, but the simple fact is they don't. Miners, for the most part, are just burning oil/coal/gas to create these 'coins' that have no backing, and can fluctuate in price by more than 20% in a day, which means the 'coins' are not a viable currency and quite obviously are easily manipulated which makes them all but useless for everyday societal needs.

I don't expect miners care or want to think about this issue because in reality, mining is easy money.

LIke all those resources making paper/plastic, to print a pretty pattern on, with no real value behind it. Or all that electricity to transfer electronic funds around that have no value bases in reality. The resources used is comparable to the resources to confirm translations in normal banking.
It's a hard to grasp the concept but all our fiat (normal) currencies are intrinsically worthless. They don't even confirm any amount of anything (like gold) anymore. They are not based on anything other than what others will agree to do for it.
Money is simply what others will agree to do/provide for a value of something. In which case cryptocurrencies are no different.

 

[Prima.Vera]

R-T-B, sorry, what ZCash Miner are you using or recommend for Win 10x64 ? For an nVidia 1080 card?

Thanks!

 

[verycharbroiled]

i just use ewbf for 1080/1080ti, and dstm for 1070/1070ti.

 

[R-T-B]

R-T-B, sorry, what ZCash Miner are you using or recommend for Win 10x64 ? For an nVidia 1080 card?

Thanks!

EWBF miner as well.