Bitcoin price suddenly surges to 3-year high

[R-T-B]

but getting more money via stimulus checks than if they were working..

What kind of low paying job do you work? The stimulus checks aren't even survivable on their own... I assume you are in the USA?

 

[trog100]

What kind of low paying job do you work? The stimulus checks aren't even survivable on their own... I assume you are in the USA?

i am in the UK.. in the US the stimulus checks are needed by some but a free cash handouts to others.. those that need it are struggling like the poor always do but to others its just extra cash to spend..

in the UK its done a bit differently.. firms are being paid to keep workers on as opposed to sacking them.. there are no free hand outs to all or loads of folks that dont really need them.. some self employed get help but not all..

ultimately its all moving towards a universal basic income.. the US is going socialist the UK not so much so..

i am retired i dont have any job.. when i did work i was self employed..

trog

ps.. the poor cant really get much poorer minimum wage or not.. they have to be kept going one way or another to avoid societal breakdown..

 

[Metroid]

I just got gpu updated prices today, plenty to buy, 3090 for 3999 usd, 3080 for 2200 usd, 3070 for 1450 usd, 3060ti for 1250 usd and 3060 for 1000 usd. I guess only idiots, desperate or people with more money than sense will buy them, for reference, last month a 3060ti was 700 usd, in january i could find for 500 usd. I have seen these same movements in 2011, 2014 and 2018 and now 2021. This crypto market will crash so hard, huge bulltrap will be forming soon and that last bulltrap will trap many wanna be riches ehhe

 

[trog100]

I just got gpu updated prices today, plenty to buy, 3090 for 3999 usd, 3080 for 2200 usd, 3070 for 1450 usd, 3060ti for 1250 usd and 3060 for 1000 usd. I guess only idiots, desperate or people with more money than sense will buy them, for reference, last month a 3060ti was 700 usd, in january i could find for 500 usd. I have seen these same movements in 2011, 2014 and 2018 and now 2021. This crypto market will crash so hard, huge bulltrap will be forming soon and that last bulltrap will trap many wanna be riches ehhe

each time it crashes it comes back higher.. this is history talking.. the wise just hodl through each crash and wait for the come back higher.. crypto is a long term thing not a get rich quick scheme..

trog

 

[Metroid]

each time it crashes it comes back higher.. this is history talking.. the wise just hodl through each crash and wait for the come back higher.. crypto is a long term thing not a get rich quick scheme..

trog

You see that is where you are mistaken if you think about the future, a very good example is gold, there will be a time where bitcoin will not be going up anymore, instead it will be going down and then scammers and market creators and manipulators will create something else to replace bitcoin because they need to keep making 10 to 50 times their money and will be a time that bitcoin will not be going up anymore like it has been past 10 years. It cant sustain the growth it has had past 10 years, you trolls should open your eyes and face reality before is too late, everything is bound to be replaced at some point even in this example gold or anything else, because hype creates fomo and fomo creates bulltraps.

 

[ZenZimZaliben]

True backers of Crypto, and especially BTC, actually want to plateau and level off. That is the only way it can be used as a currency. A Currency needs to be stable and crypto is still in it's infancy right now with tons of speculation but eventually it will level off.

 

[Space Lynx]

the important point about musk accepting bitcoin for cars is that he isnt converting the bitcoin back to cash the firms treasury is now in bitcoin.. no fiat..

for day to day cash they will borrow using the bitcoin as collateral.. in short they have a limitless supply of cash money if they need it without having to dip into the bitcoin treasury.. this will keep growing..

as more and more large organizations do this the value of bitcoin goes up.. fiat will still be needed for day to day smaller transactions but the real money (wealth) will be stored as bitcoin..

interesting stuff..

trog

elon musk even admits there is a problem with bitcoin though, and that is if you go buy a bag of chips with it your paying more in blockchain fees than the bags of chips is worth. bitcoin cash however does not have this problem. and i wouldn't be surprised if btc cash gets a surge someday.

also as i said before, enjoy your wealth over next ten years instead of hoddling forever, i assure you climate change will cause mass migration in billions wants crop failures begin in mass, etc.

True backers of Crypto, and especially BTC, actually want to plateau and level off. That is the only way it can be used as a currency. A Currency needs to be stable and crypto is still in it's infancy right now with tons of speculation but eventually it will level off.

how do you fix the fee problem? if you can't fix that than you can't use btc as currency.

 

[ZenZimZaliben]

The "Market" will dictate when it plateau's. When people buy/sell at an even distribution.

 

[trog100]

elon musk even admits there is a problem with bitcoin though, and that is if you go buy a bag of chips with it your paying more in blockchain fees than the bags of chips is worth. bitcoin cash however does not have this problem. and i wouldn't be surprised if btc cash gets a surge someday.

also as i said before, enjoy your wealth over next ten years instead of hoddling forever, i assure you climate change will cause mass migration in billions wants crop failures begin in mass, etc.



how do you fix the fee problem? if you can't fix that than you can't use bitcoin as currency.

i think you are kind of missing the point.. bitcoin can exist as a store of value and it can be used to buy high ticket items just like a tesla car.. fiat can exist along side it and be used to buy your fish and chips.. he he

the bottom line being bitcoin dosnt need to be a currency.. its use is a store of value.. kind of like gold.. which also isnt much use to buy fish and chips with..

the idea that bitcoin needs to be an everyday currency is out of date.. time to move on..

keep your stash in bitcoin and it goes up in value.. keep your stash in fiat and it goes down in value.. the logic is pretty simple..

trog

 

[Space Lynx]

i think you are kind of missing the point.. bitcoin can exist as a store of value and it can be used to buy high ticket items just like a tesla car.. fiat can exist along side it and be used to buy your fish and chips.. he he

the bottom line being bitcoin dosnt need to be a currency.. its use is a store of value.. kind of like gold.. which also isnt much use to buy fish and chips with..

the idea that bitcoin needs to be an everyday currency is out of date.. time to move on..

keep your stash in bitcoin and it goes up in value.. keep your stash in fiat and it goes down in value.. the logic is pretty simple..

trog

fair enough. i recommend you at least buy some seeds and keep them in freezer storage, alternating new seeds every year. i assure you the world is going to change within our lifetime, and seeds for food growth will be more valuable than any form of money.

 

[R-T-B]

i am in the UK..

Ah forgive me then. We got a grand total of like $1200 through the whole darn pandemic... Not sure I'd call that socialist, lol. I'd have to eat my dog if I weren't self employed and/or got fired.

 

[sepheronx]

Ah forgive me then. We got a grand total of like $1200 through the whole darn pandemic... Not sure I'd call that socialist, lol. I'd have to eat my dog if I weren't self employed and/or got fired.

I heard Beef Bow Wow is delicious.

 

[phill]

Been an interesting catch guys, thanks for the read

Power is like 10-15% of income if using latest gen cards.

Tuned 3080s will use 240w, 3090s 280w with no loss of mining perf. Easy enough to run off solar.

Solar is a bonus but that's only for when it works... I do have it, 12 panel array (305w panels) they can produce up to 4kW, but that will depend on a lot of factors and again how long the solar works at that level of production.. I had them installed back in 2017 just as I was getting into mining and when it was going into Autumn months which wasn't a great mix lol

Over here, electric is a bit hit of any profit you might earn. I believe my electric cost will be going up 1p a kW which sucks, I think it'll be roughly 18p/kW (about 25 cents based on todays exchange rate, a mate of mine in the US pays 11 cents for his, about 8p kW) so even with the same hash rate, the difference in profit is massive because of the lower costs in electric.
However, say on an average good day in the UK, the solar helps me make 10 to 15 kW (from say 9am till 6pm or so) due to when I bought the solar I got in on a feed in tariff which I get paid to produce the electric from the panels and then I get another payment for putting 50% back to the grid. Whether or not I give 50% back or not, that is still paid as well. I know with my solar I've never bothered to worry about how much it costs me to run things, I just use what I can and as PCs are left on more so at the moment, I try to keep my usage around that of the solar production, so I'm producing as much as I'm using or possibly a bit more.

Power is so easy to use and I noticed @trog100 mentioning the costs of the cards and I couldn't bother paying out so much on a single card like a 3060 TI. Like Trog though, I am using older hardware to do this mining stuff. Its cards I've had for ages and I am still using today, even 24/7 which isn't cheap but ain't the worst in the world. When I can get replacements for them, I will be replacing them and using the newer cards.
I think personally, the 3070s are going to give the best hash/power usage. Miners aren't so daft to buy just the fastest cards out there but the most efficient. I've a couple 3090s and boy are they inefficient.. Not good for mining on at all but in a way more efficient than my older cards, like the RX480s. I'm glad for the solar....

Still I might be all over the place with this post, apologies, but just wished to back up a few things with all this going on.

I'm surprised thought at @trog100 for not doing a little trading with the coin he has as he'd make more buying/selling it, than as he's mentioned than mining it. The way Bitcoin/Eth/etc. you look at goes up and down (I'll try to remain not rude at this point!! ) you can make some serious money from it. Buying in on it is one way to do it, but I'd bet that with a good look at how it rises and falls, each time you catch one of those high's/low's, you could net yourself 1000's

As an example, less than a week ago on the 20th, Eth was priced at just over 1850. Now its lowest was just a bit over 1560. That's not far short of 300 a coin difference. If you had enough for even 3 or 4 coins stashed away, there's what I'd say is a fair decent pay for a month at about 1200 bucks... Obviously the more you have, the higher the profits but also higher the risks.... But that's with no electric usage or anything, so even more profit... If only you could catch the rises and falls so simply

I'll shut up now but it's a good thread to keep up to date with Thanks guys for the nice chat

 

[trog100]

Been an interesting catch guys, thanks for the read


Solar is a bonus but that's only for when it works... I do have it, 12 panel array (305w panels) they can produce up to 4kW, but that will depend on a lot of factors and again how long the solar works at that level of production.. I had them installed back in 2017 just as I was getting into mining and when it was going into Autumn months which wasn't a great mix lol

Over here, electric is a bit hit of any profit you might earn. I believe my electric cost will be going up 1p a kW which sucks, I think it'll be roughly 18p/kW (about 25 cents based on todays exchange rate, a mate of mine in the US pays 11 cents for his, about 8p kW) so even with the same hash rate, the difference in profit is massive because of the lower costs in electric.
However, say on an average good day in the UK, the solar helps me make 10 to 15 kW (from say 9am till 6pm or so) due to when I bought the solar I got in on a feed in tariff which I get paid to produce the electric from the panels and then I get another payment for putting 50% back to the grid. Whether or not I give 50% back or not, that is still paid as well. I know with my solar I've never bothered to worry about how much it costs me to run things, I just use what I can and as PCs are left on more so at the moment, I try to keep my usage around that of the solar production, so I'm producing as much as I'm using or possibly a bit more.

Power is so easy to use and I noticed @trog100 mentioning the costs of the cards and I couldn't bother paying out so much on a single card like a 3060 TI. Like Trog though, I am using older hardware to do this mining stuff. Its cards I've had for ages and I am still using today, even 24/7 which isn't cheap but ain't the worst in the world. When I can get replacements for them, I will be replacing them and using the newer cards.
I think personally, the 3070s are going to give the best hash/power usage. Miners aren't so daft to buy just the fastest cards out there but the most efficient. I've a couple 3090s and boy are they inefficient.. Not good for mining on at all but in a way more efficient than my older cards, like the RX480s. I'm glad for the solar....

Still I might be all over the place with this post, apologies, but just wished to back up a few things with all this going on.

I'm surprised thought at @trog100 for not doing a little trading with the coin he has as he'd make more buying/selling it, than as he's mentioned than mining it. The way Bitcoin/Eth/etc. you look at goes up and down (I'll try to remain not rude at this point!! ) you can make some serious money from it. Buying in on it is one way to do it, but I'd bet that with a good look at how it rises and falls, each time you catch one of those high's/low's, you could net yourself 1000's

As an example, less than a week ago on the 20th, Eth was priced at just over 1850. Now its lowest was just a bit over 1560. That's not far short of 300 a coin difference. If you had enough for even 3 or 4 coins stashed away, there's what I'd say is a fair decent pay for a month at about 1200 bucks... Obviously the more you have, the higher the profits but also higher the risks.... But that's with no electric usage or anything, so even more profit... If only you could catch the rises and falls so simply

I'll shut up now but it's a good thread to keep up to date with Thanks guys for the nice chat

a 3080 is the most efficient out of the bunch phil probably twice as efficient as my old 1070 cards.. but i have just gone mad and bought 4 new asus 3060ti cards to replace 4 of my old 1070 cards.. ouch..

i should be getting around 650 m/sh.. running 24/7 that should give me $65 dollars or so per day less power costs.. that actually works out at over $23000 dollars a year.. i think of it as buying bitcoin on the cheap.. i just let it accumulate on the assumption that long term bitcoin will keep going up..

i do think my leccy bill will be tad on the high side though.. he he

trog

 

[phill]

a 3080 is the most efficient out of the bunch phil probably twice as efficient as my old 1070 cards.. but i have just gone mad and bought 4 new asus 3060ti cards to replace 4 of my old 1070 cards.. ouch..

i should be getting around 650 m/sh.. running 24/7 that should give me $65 dollars or so per day less power costs.. that actually works out at over $23000 dollars a year.. i think of it as buying bitcoin on the cheap.. i just let it accumulate on the assumption that long term bitcoin will keep going up..

i do think my leccy bill will be tad on the high side though.. he he

trog

Well you say that, but been able to get a bit of testing done with a few cards of late, if you think that the 3080 will take (reportedly through one of the miners) about 250w say for argument, a 3070 will do half that and produce about the 60 to 65MH rate. So for two of them, they are going to kicking out up to 130MH and at the same similar level of power consumption. As for the price, hopefully the 3070's are less than half the price of the 3080 but who knows right now... At the standard rate of MSRP $500 vs $700 I think (??) you are of course having a bit of a harder job to justify two cards over one but for making the cash back, it's a given.

As long as the cards are tweaked to the best of their abilities and that the PSUs are decent Gold units, I think they will do brilliant work. I think the 3060 Ti's are about the same level as the 3070s but I certainly wouldn't buy them now as they are just stupidly priced. If I could find them nearer to the MSRP, that would be a different matter. The 3060 Ti's are a little slower than the 3070s, so maybe they might hash about the 55 to 60MH range I guess? Same power level though ironically... Hopefully they won't have the high Junction temp on the RAM which is what is the problem with the 3080 and 3090. Running them so close to the edge is never a good idea in my head personally, I'd rather loose a few MH and get the temps down to a reasonable level... It's how I've always dealt with crunching for WCG or folding for FAH.. It's no different mining as it's not a case of who can get to the finish line first, but who can keep things going the longest without the hassles and stresses of things going wrong Well it seems to make sense in my head. Plus then with all the extra power consumptions etc. as mentioned above in a previous comment, doing something efficiently is all about the miners thoughts because why would you want to waste even 10w of power on something if it wasn't needed. It'll just cut into your profits over time. Might only be a little but it'll soon add up over time....

Please let us know how you get on Trog It's nice having the chats like it, I always believe two heads are better than one

 

[dgianstefani]

Bearing in mind that 3090s go for 10-20% over their MSRP and 3080s and below go for double MSRP.

In my view it's worth the extra few hundred to just exclusively buy 3090s. 110-120mh per card compared to 105 or below (typically 90 something tuned) for 3080. If the market does crash and GPUs flood onto market you haven't paid twice MSRP and could probably get 70%+ back of what you paid for your card.

Personally I'm of the view that mine through the crashes - isn't about the monthly money or income it's about long term accumulation of crypto for investment.

Hold.

If I'd held every coin I mined since 2017 I would have several hundred thousand by now for an investment of less than 10k. Still going up.

In the event of a total and absolute irrecoverable crypto crash as the naysayers like to talk about, I've already made back my inital investment several times over so.

I've also found that the founders 3090 with the thermal pad backplate mod (I repaste/repad all cards from new anyway) is the best 3090 model. Heatsink is massive, build quality top notch, has the advantage of only needing 2x8 pin (believe me there are 3x8 pin 3080s that require 3 8 pins even when power limit is like 260w) so you don't run out of PSU PCIE slots.

 

[freeagent]

I kind of wish I would have gotten into this when I had the chance. I was highly skeptical.

 

[trog100]

I kind of wish I would have gotten into this when I had the chance. I was highly skeptical.

i kinda wish i had bought more hardware back in january.. what seemed expensive back then seems cheap now

so far i have spent about £8 K this year on mining hardware.. my first buy a couple of months back was a 3080 to replace my 2080ti.. i was gonna sell the 2080ti but i ended up keeping the 2080ti and running it along side the new 3080.. i paid £1045 for the 3080 they are now £1900..

my second buy was a complete ready build with a 3080 installed it cost £1750 about the same price as a 3080 card on its own at the time.. my next buy was a 3060ti to run with the 3080 in the pre-build.. the pre-build went up by £650 while i was waiting for mine to arrive they are now £2350..

i then just bought 4 asus 3060ti cards.. or more accurately 3 3060ti cards and one 3070 card.. they cost roughly 4 grand for the 4... they have yet to arrive.. this monday or tuesday maybe..

the snag with replacing what you already have is you lose the output from the cards you are replacing.. but i have run out of places to put them so replacing my 1070 cards is the only way..

i will have 4 x 1070 and 4 x 3060ti cards in my mining rig.. this should give me around 340 M/sh... along with the two desk top machines i should be getting around 650 m/sh..

one thing i have learned so far is the longer you wait the more it costs.. this assumes bitcoin keeps going up..

my palit 3080 runs sweet my gigabyte 3080 runs hot on the memory i had to take it apart and add more pads and paste..

any cards i buy now are the ones with over size coolers and i avoid gigabyte..

trog

 

[phill]

Bearing in mind that 3090s go for 10-20% over their MSRP and 3080s and below go for double MSRP.

In my view it's worth the extra few hundred to just exclusively buy 3090s. 110-120mh per card compared to 105 or below (typically 90 something tuned) for 3080. If the market does crash and GPUs flood onto market you haven't paid twice MSRP and could probably get 70%+ back of what you paid for your card.

Personally I'm of the view that mine through the crashes - isn't about the monthly money or income it's about long term accumulation of crypto for investment.

Hold.

If I'd held every coin I mined since 2017 I would have several hundred thousand by now for an investment of less than 10k. Still going up.

In the event of a total and absolute irrecoverable crypto crash as the naysayers like to talk about, I've already made back my inital investment several times over so.

I've also found that the founders 3090 with the thermal pad backplate mod (I repaste/repad all cards from new anyway) is the best 3090 model. Heatsink is massive, build quality top notch, has the advantage of only needing 2x8 pin (believe me there are 3x8 pin 3080s that require 3 8 pins even when power limit is like 260w) so you don't run out of PSU PCIE slots.

I've a few 3090s and I can say hand on heart, they aren't the best for the mining. I've two models, a MSI Gaming Trio X and a Asus Strix. The MSI is based on a reference type design, very little power overclocking and all the rest of that jazz. The Strix I believe has a 1000w bios on it, won't be using that for mining on!!

Still, the MSI the RAM gets too hot and I have to underclock it when I go to bed, it's not a very good board at all for mining on... Currently getting 96MH with that one....
The Strix, whilst it's a load better built and all the rest of that jazz, the sheer RAM temps are more or less the same, but that one can manage 120MH... But the RAM temps make me use caution and I'd back it down if it means the RAM is running cooler, especially for 24/7 use.

One of my reference 3080s I have will manage 100MH on its own without too much trouble, another will hit about 95MH. I can't recommend personally with the above a 3090 or really a 3080 due to the price they are going for. I didn't massively over pay but I certainly wouldn't be paying out triple or quadruple the cards worth. Return on that is terrible.
As an example my MSI card was £1600 MSRP, I paid £1900 (kinda wished I hadn't bothered really) but since the day I have had it, it's been mining away earning me back the price I paid for it. I seriously wouldn't have bought it if I couldn't do this. I believe from my rough workings out with power taken out the way, it'll take me something like 65 weeks to get it to pay for itself at the current prices/reward rates. $2660 roughly for the card, $41 profit a week, with the power taken out. With the card costing it's MSRP (roughly $2240), it's 10 and a bit weeks less, but we'll still say 55 weeks.
Our 3070s we have would take about 30% of that time and the 3080s about half...

I make the point of not spending over the odds for a card, I simply won't do it just in case anything goes mental. The MSI was a very daft thing to do, but I'm damn sure it'll be earning its money back one way or another!!

@trog100 what is your hash rate roughly with your 1070? I run mine from time to time and it's hitting about 25/26MH?? My 1080 Ti's aren't massively better, roughly 10MH higher at 35 to 36MH each.... My RX 480s are managing about 27 to 28 maybe a little more but 5 of them do suck the juice and they aren't all that great anymore. I'll be considering to swap them out at some point with newer cards. I'm very much considering 3070's judging on how they perform and their power rating

 

[dgianstefani]

I've a few 3090s and I can say hand on heart, they aren't the best for the mining. I've two models, a MSI Gaming Trio X and a Asus Strix. The MSI is based on a reference type design, very little power overclocking and all the rest of that jazz. The Strix I believe has a 1000w bios on it, won't be using that for mining on!!

Still, the MSI the RAM gets too hot and I have to underclock it when I go to bed, it's not a very good board at all for mining on... Currently getting 96MH with that one....
The Strix, whilst it's a load better built and all the rest of that jazz, the sheer RAM temps are more or less the same, but that one can manage 120MH... But the RAM temps make me use caution and I'd back it down if it means the RAM is running cooler, especially for 24/7 use.

One of my reference 3080s I have will manage 100MH on its own without too much trouble, another will hit about 95MH. I can't recommend personally with the above a 3090 or really a 3080 due to the price they are going for. I didn't massively over pay but I certainly wouldn't be paying out triple or quadruple the cards worth. Return on that is terrible.
As an example my MSI card was £1600 MSRP, I paid £1900 (kinda wished I hadn't bothered really) but since the day I have had it, it's been mining away earning me back the price I paid for it. I seriously wouldn't have bought it if I couldn't do this. I believe from my rough workings out with power taken out the way, it'll take me something like 65 weeks to get it to pay for itself at the current prices/reward rates. $2660 roughly for the card, $41 profit a week, with the power taken out. With the card costing it's MSRP (roughly $2240), it's 10 and a bit weeks less, but we'll still say 55 weeks.
Our 3070s we have would take about 30% of that time at and the 3080s about half...

I make the point of not spending over the odds for a card, I simply won't do it just in case anything goes mental. The MSI was a very daft thing to do, but I'm damn sure it'll be earning its money back one way or another!!

@trog100 what is your hash rate roughly with your 1070? I run mine from time to time and it's hitting about 25/26MH?? My 1080 Ti's aren't massively better, roughly 10MH higher at 35 to 36MH each.... My RX 480s are managing about 27 to 28 maybe a little more but 5 of them do suck the juice and they aren't all that great anymore. I'll be considering to swap them out at some point with newer cards. I'm very much considering 3070's judging on how they perform and their power rating

Like I said... Repad the cards with 15w/mk and you'll see ram temps drop 15c

You also need a case fan per card, preferably two, one on each end. Arctic p12 are cheap and quiet.

 

[trog100]

I've a few 3090s and I can say hand on heart, they aren't the best for the mining. I've two models, a MSI Gaming Trio X and a Asus Strix. The MSI is based on a reference type design, very little power overclocking and all the rest of that jazz. The Strix I believe has a 1000w bios on it, won't be using that for mining on!!

Still, the MSI the RAM gets too hot and I have to underclock it when I go to bed, it's not a very good board at all for mining on... Currently getting 96MH with that one....
The Strix, whilst it's a load better built and all the rest of that jazz, the sheer RAM temps are more or less the same, but that one can manage 120MH... But the RAM temps make me use caution and I'd back it down if it means the RAM is running cooler, especially for 24/7 use.

One of my reference 3080s I have will manage 100MH on its own without too much trouble, another will hit about 95MH. I can't recommend personally with the above a 3090 or really a 3080 due to the price they are going for. I didn't massively over pay but I certainly wouldn't be paying out triple or quadruple the cards worth. Return on that is terrible.
As an example my MSI card was £1600 MSRP, I paid £1900 (kinda wished I hadn't bothered really) but since the day I have had it, it's been mining away earning me back the price I paid for it. I seriously wouldn't have bought it if I couldn't do this. I believe from my rough workings out with power taken out the way, it'll take me something like 65 weeks to get it to pay for itself at the current prices/reward rates. $2660 roughly for the card, $41 profit a week, with the power taken out. With the card costing it's MSRP (roughly $2240), it's 10 and a bit weeks less, but we'll still say 55 weeks.
Our 3070s we have would take about 30% of that time and the 3080s about half...

I make the point of not spending over the odds for a card, I simply won't do it just in case anything goes mental. The MSI was a very daft thing to do, but I'm damn sure it'll be earning its money back one way or another!!

@trog100 what is your hash rate roughly with your 1070? I run mine from time to time and it's hitting about 25/26MH?? My 1080 Ti's aren't massively better, roughly 10MH higher at 35 to 36MH each.... My RX 480s are managing about 27 to 28 maybe a little more but 5 of them do suck the juice and they aren't all that great anymore. I'll be considering to swap them out at some point with newer cards. I'm very much considering 3070's judging on how they perform and their power rating

my 1070 cards are doing a very consistent 26 m/sh phil.. the power efficiency isnt that good but the rig has paid for itself several times over... i get around 200 m/sh for the 8 card rig.. its uses just under 1 kh..

one of my recently ordered asus tuf 3060ti cards has been canceled so i only have three coming.. i will take the hint and leave it at three..

replacing cards isnt that clever for each new 60 m/sh 3060ti i lose one 26 m/sh 1070..

hardware costs at what they are i think i will leave off buying new gear.. i do think more long term than how long it will take to get my money back.. i am also prepared to take a loss if it all tanks.. nothing ventured nothing gained or so they say.. he he

i am mining just to get more bitcoin.. the big gain as i see it will come from bitcoin going much higher.. i think it will over the next few years.. but i could be wrong..

trog

ps.. mining apart i do now have a couple of nice gaming machines.. one 3080/3060ti and one 3080/2080ti ..

 

[Space Lynx]

BITCOIN IS OLD NEW BOYS!!! THETA TO THE MOON!!! from 9 cents to 13 dollars a coin in under two months, hot damn!

Theta Network price today, THETA to USD live price, marketcap and chart | CoinMarketCap

The live Theta Network price today is $1.43 USD with a 24-hour trading volume of $61,026,503.86 USD. We update our THETA to USD price in real-time.

coinmarketcap.com

 

[trog100]

BITCOIN IS OLD NEW BOYS!!! THETA TO THE MOON!!! from 9 cents to 13 dollars a coin in under two months, hot damn!

Theta Network price today, THETA to USD live price, marketcap and chart | CoinMarketCap

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bitcoin is old and its also boring.. but its the daddy and as the daddy its more secure..

trog

 

[Space Lynx]

bitcoin is old and its also boring.. but its the daddy and as the daddy its more secure..

trog

more secure to pumps and dumps out of China, but you already know how to play that game.

this is just another game. one played by poor people trying to get rich quick

and in the mean time:

China generated over half world's coal-fired power in 2020: study

China generated 53% of the world's total coal-fired power in 2020, nine percentage points more that five years earlier, despite climate pledges and the building of hundreds of renewable energy plants, a global data study showed on Monday.

www.reuters.com

that moment when you realize Elon Musk commenting about how China is going green faster than anyone else was all a lie.

I hope Elon figures out Mars, cause I am 100% certain now humans are going to destroy Earth with climate change.

 

[phill]

Like I said... Repad the cards with 15w/mk and you'll see ram temps drop 15c

You also need a case fan per card, preferably two, one on each end. Arctic p12 are cheap and quiet.

Is that generally how it works? per 1w/mK its a 1C drop in temps?? I would say that I'm not completely bothered by the card but I will just keep it under temp check and make sure it stays under 100C... In the coming 2 months I've owned the card, I've not seen it average more than 95C on the RAM Temp.. A slightly higher fan speed would lower it down but I'm not going to make the noise of the system any more than what it already is. I have considered putting my two 1080 Ti's into this rig and putting the 3090 into another downstairs in the conservatory... It'll be cooler down there at night and I could run it a little harder than what I do currently but we'll see

my 1070 cards are doing a very consistent 26 m/sh phil.. the power efficiency isnt that good but the rig has paid for itself several times over... i get around 200 m/sh for the 8 card rig.. its uses just under 1 kh..

one of my recently ordered asus tuf 3060ti cards has been canceled so i only have three coming.. i will take the hint and leave it at three..

replacing cards isnt that clever for each new 60 m/sh 3060ti i lose one 26 m/sh 1070..

hardware costs at what they are i think i will leave off buying new gear.. i do think more long term than how long it will take to get my money back.. i am also prepared to take a loss if it all tanks.. nothing ventured nothing gained or so they say.. he he

i am mining just to get more bitcoin.. the big gain as i see it will come from bitcoin going much higher.. i think it will over the next few years.. but i could be wrong..

trog

ps.. mining apart i do now have a couple of nice gaming machines.. one 3080/3060ti and one 3080/2080ti ..

Ah my 1070 SC seems to average about the 25.5 to 26MH marker, just depends on where I put the power slider

I'd look at this way Trog for the 1070s, even 3 3060 Ti's will hit say 180MH and at around 400w for the full system I'd guess?? for 200MH and then nearly 1000w, you'd be doing so much better efficiency wise, it's kinda scary

I was working a few sums out myself and for MSRP, for a 3070, they'd take about 21 weeks to pay back one card on it's own in a rig (200w usage, 60MH, block reward 3.36Eth, using 25 cents kW electric charge - changing it to about 11 cents a kW made it jump from 295% profit to 799% just through the cheaper electric)

I always feel if anything happens and I've got more cards than I need, I can always start running one every so often for the TPU FAH Team I don't think there's much difference in the power draw to be honset....