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File: 213 KB, 1360x765, GeForce-RTX-3080-Mining-Rig-almost-operational_8D94FF65939247F7801E6CA546A8FC4A.jpg [View same] [iqdb] [saucenao] [google]
28197317 No.28197317 [Reply] [Original]

I am considering taking some profits and start mining. What would you suggest me to mine? Which GPU to buy? Electricity costs are kinda low for me...

Any help is appreciated

>> No.28197619

>>28197317
If you're talking about BTC, it won't be profitable unless you can afford an entire warehouse, that's just how tight the margins are. IDK about any other coin.

>> No.28197699

>>28197317
Unless you live in China where electricity is dirt cheap or live in an apartment with free electricty it's not worth it.

>> No.28197798

like others say, unless your electricity is super cheap or free; your margins will be razor thin at best

>> No.28197845

>>28197317
you can get better returns staking you fucking retard

>> No.28198023

>>28197699
Oo with current eth prices you can get 8$ a day with 3060ti which would mean you could earn it in like 50 days if bought for msrp thing is you won't get it for msrp you would have to pay x2 price from scalpers and then it would not be so great, still ok I guess if eth goes to 3k

>> No.28198165

>>28198023
Yeah all those 3060ti laying around. Great plan. Bet you dont own shit.

>> No.28199551
File: 318 KB, 1079x1530, Screenshot_20210209-114405_Brave.jpg [View same] [iqdb] [saucenao] [google]
28199551

>>28197317
I'm bringing a second rig online today. It's very profitable even at regular electricity costs. I'll be mining eth. Current rig pulling about 0.72 ETH per month.. 1030w and 288 MH/s. New rig is six 5600xts pulling 40Mh each so 240 MH/S. Together they will net me approx 1.3 ETH per month at current difficulty and congestion. I paid 4150 all in for this new rig (leaf bux) and it should pay for itself in a few months. Mining is based don't let NOCOINERS and well-wishers convince you otherwise. Run HiveOS (super stable) and get to it if you can find GPUs at a reasonable price. I got some 5600s for 400 leaf bux tax in through the summer and fall.. just had to pay 599 plus tax for these new ones but I honestly don't give a fuck. It's a money printer. Pic rel is current miner winding out

>> No.28199729

>>28199551
pulling 1kw for that
you'd make more money growing weed for that amount of wattage

>> No.28200678

>>28199729
Yes but guess what. I don't have to do jackshit for this. My time is valuable. And unless you're growing AAAA weed, there isn't enough money to be made. Everyone grows weed in Canada. Meanwhile, I'm generating eth passively. Next question.

>> No.28200907

>>28200678
any go to materials to learn mining?

>> No.28200969

>>28199729
>>28200678
I feel like crypto mining is only part the direct profits, part betting on whatever shitcoin you mine will moon in the future

Also growing weed on that scale is sure to attract da popo

>> No.28200994

>>28197619
false, check a mining calculator
it's always profitable after a year of ruining your gpu and losing 100% value

>> No.28201020
File: 408 KB, 2843x1894, bezos-guillotine-1.jpg [View same] [iqdb] [saucenao] [google]
28201020

>>28197317
I'd mine XMR and unironically Doge.
I never invested in Doge because it pays out the most to Miners, but it looks like it has a lot of support regardless.
XMR is going to get harder to acquire on exchanges, but the demand for privacy is going to increase as it becomes apparent that there's a communist revolution on the streets.

>> No.28201163

>>28200969
>Also growing weed on that scale is sure to attract da popo
I dont think 1000w attracts the popo

>> No.28201325

>>28200907
I learned a lot from YouTube channels redpandamining, bitsbetrippin, hashraptor .. including bios modding, optimizing overclock and power settings.. general rig building info. I just sold approx 3 months worth of profits to buy this new rig.. no brainer.

>> No.28201553

Just starting, will try to connect an external second GPU to my rig today. Bought a riser, bought a PSU synchronizer to connect my old PSU to the rig, any advice? Kind of scared of actually hooking it all up

>> No.28201650

>>28197619
kek
>IRR 10%
>lifespan 10 years
Good investment!

>> No.28201693

>>28201553
Just make sure you're powering your riser using a 6 pin connection, not Sata.. risers can draw more power than the SATA connectors are rated for and melt down

>> No.28201862

>>28201693
Yeah, I got a molex to 6pin cable and 6pin goes into riser. I guess I could hook it up directly but kind of feels nicer that way, more space

>> No.28201938

>get into mining now
>difficulty is at all time highs
>GPUs are out of stock/price gouged
are you retarded? maybe get an ASIC or 2 if you can find them in stock and have a big enough house that you won't hear the noise.

>> No.28202138

Also, how do I position a GPU? Should it be standing on the riser or should it be laying down with riser on the side? I don't have a fancy grid or anything, literally just laying on the table for now.

>> No.28202550

>>28201938
Even with current prices it's extremely profitable. You can buy a new 2060 for 500 bucks and you'll be able to mine about 0.06 ETH a month with it, that's about a hundred bucks. So if your electricity is cheap that could be 90 bucks of pure profit and you'll make that cost of GPU back in less than half a year.

>> No.28203011

>>28201163
Actually yeah it could. One way they catch people growing weed is by flagging people who’s houses are using a lot of electricity since you need the bear to grow. They’ll also fly over your house with a FLIR camera and see if one particular spot in your house is white hot.

>> No.28203109

>>28203011
Heat* not bear

>> No.28203386
File: 88 KB, 984x557, 548955.png [View same] [iqdb] [saucenao] [google]
28203386

>>28197317
Dont listen to
>>28197619
>>28197699

They still think its 2018.

ETH mining is VERY profitable. Just look at the price of it and the gas fees. Fudders dont want you to mine because its a steady stream of ETH to your wallet without doing anything.

Pic rel is about 14 days of mining with an average hashrate of 175. Do the math for you monthly Electricity bill + Internet bill. Yeah its worth it.

On GPUs a 3080 is probably the best in terms of price/hashrate/profitablity. Though it'll be pretty hard to find one.
Personally I'd suggest 3+ 3060ti's. They give good hashrate on low power and are fairly smalll so you can fit it in a regular ATX case. They might be slightly easier to find as well.

Add mining to staking, DCAing, and other strategies and you'll be rich off meme coins in no time.

>> No.28203963

>>28203386
Thanks for the insight anon, which mainboard and cpu should I get along with 3 3060tis, what will happen when eth switches to PoS?
Electricity is super expensive in my EU shithole but it will pay off in the long term for sure. Also, how stable is the whole thing? Does it crash often? Does the mining rig have to be babysitted like a few years ago?

>> No.28204202

Maybe you >>28203963 can also answer some of these questions >>28201693 thanks anon

>> No.28204327

>>28204202
messed up quotes

>> No.28204367

I know I know nobody hear wants to pay tax but hear me out:
in some countries mining is taxed DIFFERENT and requires setting up a business if you want to cash out legally

>> No.28204690

>>28203011
build a thermally insulate grow tent with good air seals. recirculate the air through a DIY heat exchanger.

>> No.28204959

>>28203963
Any good mobo will do but availability is also super hard on mobos and cpus. I hate to say it but if you don't already have a rig, you might have to go with an Intel Mobo/CPU since AMD availability is pretty bad still.

They've been saying ETH to PoS for years now. You have at LEAST until the end of the year until they start the process.

There will ALWAYS be a coin to mine anon.

>> No.28205022

Just stake AVAX retards

>> No.28205715

>>28202550
All the people who got into mining at the end of 2017 thought the same thing. How'd that work out for them?

>> No.28205956
File: 136 KB, 363x296, 1521493806095.png [View same] [iqdb] [saucenao] [google]
28205956

Got a 5 1080 ti rig running since 2017. Starting a few months back it kept crashing every few days. Its stable now with 2/5 GPUs running. Ive tried trouble shooting but cant figure out why its doing this.

>> No.28206729

>>28203386
What software is in pic?

>> No.28206829

>>28205715
So? If it becomes less profitable he just sells his GPUs.

Check the prices on eBay and then come back and say it's a waste of money.

>> No.28206908

>>28206729
Just buy pylon tokens. Holders get a share of each etherium farmed at their real physical mining operation.

https://twitter.com/PylonFinance/status/1348011464511033345

>> No.28206982

>>28206729
I'm using TRex Miner. That page is the dashboard for the Flexpool mining pool.

>> No.28207007

>>28205956
Just YouTube how to set up hiveOs... It will fix all of your problems. I was mining with 6 cards on windows 10 it was a nightmare. It would go down every 4-12 hrs... Lots of downtime. I'm over 3 weeks of uptime straight with HiveOS since I dialed the settings in. No brainer.

>> No.28207146
File: 1.14 MB, 573x1089, Screenshot_2021-02-09 Pylon Finance on Twitter.png [View same] [iqdb] [saucenao] [google]
28207146

Buy pylon

>> No.28207337

>>28197798
this. i dumped about $50k into mining equipment and despite going full autist on it was barely able to turn profits. sold all my gear a year or so ago.
PoW is on the way out anyways, mining right now is financial suicide.

>> No.28207758

I had a gaming pc I haven’t been using w a 1080ti and 3900x and just went easy mode with nicehash and making over $5 a day in bitcoin. You don’t mine bitcoin you mine other stuff but they pay you in btc. And if price continues to go up itll be a lot more than $5. Electricity isn’t bad where im at

>> No.28207929

Mine ERG with RTX 3060 Ti

>> No.28207962

>>28197317
literally can not buy a GPU at retail
anywhere
>all nvidia 30x series are 2x++ on ebay
>chinese miners are literally buy gaming laptops and running them as miners
Trying to get into mining pretty much impossible to do and be profitable in anything less than a year, and if eth shits bed inside that year, it might take forever,,,

>> No.28208067

>>28203386
>ETH mining is VERY profitable. Just look at the price of it and the gas fees. Fudders dont want you to mine because its a steady stream of ETH to your wallet without doing anything.
>Pic rel is about 14 days of mining with an average hashrate of 175. Do the math for you monthly Electricity bill + Internet bill. Yeah its worth it.
>On GPUs a 3080 is probably the best in terms of price/hashrate/profitablity. Though it'll be pretty hard to find one.
>Personally I'd suggest 3+ 3060ti's

this anon gets it.
IF IF IF you can get 6-8 3060's or 3080's you can definitely make money. But you need to get the cards somewhere near retail(impossible).

>> No.28208258

also, my rtx 2080 is making 7 bucks a day.
my 5700xt in other PC is making 10 USD per day.
these are last gen cards and they are profitiable.
a single 3080 is pulling a 20 dollar bill a day at least right now.

>> No.28208390

>>28207962
>>28208067

Yeah it might be too late if you're staying from scratch. I bought a 3080 and a 3070 but that was BEFORE Christmas and it took MANY weeks and sleepless nights refreshing bestbuy/newegg/Amazon. I bet it's 2x harder now.

>> No.28208398

>>28202550
>extremely profitable
>if you have cheap electricity you could break even in half a year
>if