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/biz/ - Business & Finance

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30436668 No.30436668 [Reply] [Original]

My pre built mining rig just arrived. What should I start mining?

>> No.30436706

>>30436668
isnt this something you shouldve thought of first?

>> No.30436758

this website is scammy af anon

>> No.30436773

Mochimo

>> No.30436810

>>30436668
ETH, nanopool

>> No.30436873
File: 454 KB, 640x615, 1516796695643.png [View same] [iqdb] [saucenao] [google]
30436873

>>30436668
brilliant advertisement sir, i just bought 8

>> No.30436901

>>30436668
this is fucking expensive for 4 RX580

120 MH/s

u achieve 100 MH/s with a single 3080

>> No.30436984

>>30436668
You paid $2k+ just to get 120 mh/s? I get 96 on my 3080 that I payed $700 for.

>> No.30436995

>>30436901
I've read that nvidia wants to prevent them from mining

>> No.30437338
File: 31 KB, 617x572, 1601754182647.jpg [View same] [iqdb] [saucenao] [google]
30437338

>>30436995
>nvidia agents arrive at your location
>building surrounded by agents wearing green sporting rgb m4s
>NVIDIA OPEN UP
>they blast open a large cavotyand rappel in from above
>everyone in the building is shot on sight
>as the smoke clears you clutch your skull together aching from a bullet wound to see an agent plugging something into your mining rig

>> No.30437391

>>30436668
You literally can only mine ETH.
Start mining now so you can make the price of the miner back before vitalik implements staking.

>> No.30437448
File: 423 KB, 2048x1551, EvzhMYdXMAkO0ux.jpg [View same] [iqdb] [saucenao] [google]
30437448

>>30436668
BitcoinZ

>> No.30437468

>>30436901
Yeah, and you can only buy a 3080 for 2k on ebay genius.

>> No.30437783

>>30437468

3080 : 100MH/s @ 224W
4*RX580 120MH/s @ 340W

get a 3080 @ 2K on ebay is even more protifable genius boy

>> No.30438216

>>30436995
They can't, though they're adding hardware locks that reduce ETH hashrates.
Give /g/ a month, I bet someone will work around it.

>> No.30438367

>>30437448
How does BTCZ handle privacy?
Is it on par with XMR or is it opt in?
Also, what's the plan once all block rewards are exhausted?
Do they emit perpetually or are they limited?
Genuinely curious, first time hearing of this one.

>> No.30439381

>>30436668
Shit, I could build that.

>> No.30439936

>>30437783
Your calculation doesn't take into the cost of motherboard, cpu, power supply and risers

>> No.30440147

>>30436668
>4x rx580s
Enjoy buying some mining farms used gpus for over msrp lmao

>> No.30440358

>>30439381
This

>> No.30440418

>>30436668
what kind of enormous faggot has to have somebody else build his machine for him? you should jump off a cliff, op

>> No.30440489
File: 505 KB, 1583x2048, 1614683875106.jpg [View same] [iqdb] [saucenao] [google]
30440489

Monero or ETH

>> No.30440532

>>30436668
4 graphics cards just to get 120 Mh/s.. It's going to take you a year to make your money back with that thing.

>> No.30441193

>>30436668
>Spending 2.5k to buy 4 last gen gpus
NGMI

>> No.30441458

gpu mining is done after ETH 2.0
anyone who buys that rig is going to lose money to the new eth asics in the meantime

>> No.30441495

>>30441458
what if i don't pay for power and am doing it for fun
not op btw

>> No.30441507

>>30441458
>gpu mining is done after ETH 2.0
so sometime after 2025?

>> No.30441812

>>30441495
>i don't pay for power
enjoy telling your dad why his electricity bill is so high next month>>30441495
>am doing it for fun
if you want to mine for fun get a fucking raspberry pi and dont spend 2k on outdated shit
heres a protip, they are selling you those gpus because they are worthless to the miners using them, there are literally 1000s of setups you could build better than 4 fucking 580s and a touchscreen KEK
>>30441507
vitalik hates gpu miners and will do anything to kill them

>> No.30442154

>>30441507
no other coin can support the total amount of hashrate from GPU miners
mining will instantly become unprofitable and there will be a holocaust of GPU prices on ebay as miners are forced to liquidate to cover their loans

>> No.30442262

>>30441812
>doesn't understand rentals include utilities
>doesn't understand "not op"
retard

>> No.30442287

>>30437338
fuck thats so fucking funny!!!!!!!

>> No.30442436

>>30442154
ok elmer

>> No.30442453

>>30442262
doesn't understand that most rentals dont include utilites KEK student detected

>> No.30442491

>>30442453
damn you really are a retard

>> No.30442657

>>30436668
dogecoin

>> No.30443018

>>30436668
i do really hope that rig is worth it. staking is the future to block production so buying a rig long term doesn't make sense. but if you want to make some side money this could work

>> No.30443152

>>30443018
the good thing about gpus is you can sell them to some retard consoomer after you finish mining.

>> No.30443213

>>30443152
when ETH goes 2.0 no other coin can support the hashrate
there will be a mass gpu selloff of all miner gpus
gpu prices will correct hard

>> No.30443644

what about an antminer for mining ltc? or am i better off building my own rigs?

>> No.30443756

>>30443018
how does staking work? all i know is u like put ur coins in and get more coins? like whats it do with the coins why do they need them

>> No.30443772

>>30436995
Don’t update the drivers, is it truly that easy?

>> No.30443928

>>30441458
Could technically sell each gpu for 400.

>> No.30444077

>>30443213
you can get maybe like 20% of the money back.
it's not like asics which are permanently bricked.

>> No.30444121

>>30436995
>wanting to get rid of half of your customer base

>> No.30444249

>>30436668
>4 RX 580 + 300$ shit for for 2,419$
>1 post by this ID
nice larp faggot

>> No.30444352

>>30444121
People believe all sorts of stupid shit. Adam Smith thought company owners wouldn't ship jobs overseas because they have loyalty to their workers.

>> No.30444362

>>30443213
How will they support the network without miners?

>> No.30444642

>>30444121
Doesn't really matter when they will instantly sell out of 100% of their stock of cards anyway.

>> No.30444703

>>30444362
https://letmegooglethat.com/?q=proof+of+stake

>> No.30444758

>>30444121
demand far far exceeds supply, they can make a bunch of other restrictions and it will still sell out.

>> No.30444798

>>30442154
40-60% of eth's hashrate is ASICs currently. Raven at $0.40 would cover the GPU miners while asic cucks will get the rope and ETH will fade into obscurity.

>> No.30444813

>>30444798
should i mine raven

>> No.30444820

>>30444798
>what is difficulty adjustment

>> No.30444834

>>30444820
>what is price increase

>> No.30444853

>>30444813
get nicehash so it automatically mines the best yielding coins.

>> No.30444862

>>30444798
give me 1 reason for raven to go to 40 cents
>inb4 miners mining it
miners mining ravencoin would input a negative selling pressure onto the price as miners are forced to sell to cover costs

>> No.30444877

Sell it and buy XRP

>> No.30444915

>>30444853
you realize you are getting fucked by nicehash right? on nicehash you are not mining directly but having your hash power rented out to buyers and nicehash taking a healthy middleman cut

>> No.30444922

>>30444121
Nvidia's preferred customer base is HPC and AI shit because that's where the absurd profits are, crypto miners are a small speck in comparison and the retail channel cards were still in high demand even before the recent mining boom. Also the point of the mining block isn't fucking over miners just for the hell of it, the real point is being able to recover the faulty chips with fucked display outputs into use as compute-only chips and build those into "mining cards" for even more money.

>> No.30444933

>>30436995
But that's retarded

>> No.30444948

>>30444362
>>30443756
you should not be on /biz/ with this little knowledge of crypto. not trying to gate keep or shit like that but seriously it doesn't take that long to go on youtube so you can watch a video that is easy to understand so you can answer your questions.

>> No.30445046

>>30444915
For a lot of people who just want to make some casual extra income with their idle gayming PCs, that is an acceptable compromise for being able to just press a button and watch the internet money flow in with no setup necessary.

>> No.30445047

>>30444922
when ETH goes 2.0 and miners are forced to liquidate their cards on the second hand market gamers will get upgrades for cheap hurting NVidias bottom line
by segmenting the market when miners are forced to liquidate they cant sell their cards on the second hand market as their only use was mining
NVidia wont get their profits on their new cards undercut by all of the cheap ones

>> No.30445052

>>30444862
Miners (specifically GPU miners) create an enthusiastic community around a coin. How has Zcash and ZEN been doing since allowing ASICs to overtake their networks a few years ago?

>> No.30445074

>>30436706
Kek

>> No.30445130

>>30444853
alright thanks
that's what I've been doing anyway

>> No.30445155

>>30445046
this
it just werks

>> No.30445198

>>30436668
I’m pretty sure this hasn’t been finalized yet. I also remember reading miners will be getting rewards. Any have info?

>> No.30445223

>>30445046
>it can be up to a 10% cut
setting up a miner is as easy as setting up nicehash, you download the software and run
i refuse to believe that the average cooonsoomer gamer who has a gaming PC is too retarded to input an output wallet and select a pool
if they really needed an app to do this for them they deserve to have the nicehash stupid tax

>> No.30445265

>>30436668
Is this actually profitable at all after expenses? Seems like a meme

>> No.30445298

>>30438216
Yeah they just mine alt coins at full hashrate and trade it into ETH.

>> No.30445312

>>30445046
pretty much this
been mining eth passively while I watch youtube videos
tips on high yield coins? Rather than profit I just want volume, makes me feel like Im actually being productive.

>> No.30445331

>>30440489
Monero is CPU based mining.

>> No.30445365

>>30445046
nicehash just screwed up and released software from the wrong source on their platform, and now they are telling everyone who used it to reinstall windows, I am still installing windows updates having done it, I had to wipe every machine on my network

>> No.30445398

>>30445052
>enthusiastic community
this means nothing to the price of a coin
people will only trade a coin at its market price not based upon how many redditors are subscribed to its subreddit

>> No.30445417
File: 72 KB, 1280x720, maxresdefaultnim.jpg [View same] [iqdb] [saucenao] [google]
30445417

>>30436668

Mine Nimiq

>> No.30445530

>>30436668
How much did you buy it for? On the site it says they're $5K-$7K?

>> No.30445550

>>30445331
Monero AND Eth then

>> No.30445589

>>30442287
Shut the fuck up he made me chuckle

>> No.30445898

>>30444915
48 Sol/s

>> No.30445989

>>30445223
You severely overestimate the technical prowess of the average user, even PC gamers aren't really that much ahead of the curve these days because of how retard easy everything has become, and the command line is a feared mysterious beast for most.

>> No.30446154

>>30443213
Ravencoin wants to know your location.

>> No.30446233

>>30446154
see>>30444862

>> No.30446252

>>30445365
source?

>> No.30446274

>>30444915
Renters have to pay more than the rate you get from just mining retard.
>>30445052
doesn't matter. who even uses ravencoin anyways?

>> No.30446302
File: 32 KB, 680x680, c76a53fea09b495fe614cdd9e913b54f.jpg [View same] [iqdb] [saucenao] [google]
30446302

>>30436668
>2.4k$ for 4 RX 580

>> No.30446756

>>30436668
Start mining gold. OH WAIT.

>> No.30447121

>>30436668
4 rx580s are going to take a long ass time to pay themselves off at that cost. The fuck were you thinking?

>> No.30447234

>>30436668
bros is the 3060 (non ti) a good card for gaming? I can get one for a nice price in my country, can't find them online.

>> No.30447242

>>30447121
he wasn't

>> No.30447383

>>30441812
>>30446302
>be me three years ago
>buy an ex-crypto RX580 on ebay for $250
>they’re still $250
>this rig is selling then for more like $400

feels weird bros

>> No.30447387

4 RX580s will net you $11.86/day at current rates
if you bought at 2,419 it would take you 203 days without electricity costs
EIP 1559 is being implemented in July and will lower mining profits by 30-40%
>its already over

>> No.30447431

>>30447383
this cannot be sustained for much longer

>> No.30447716

>>30436668
Vibranium nigger!

>> No.30447999

>>30445365
I did my own research, and it seems they're using this as marketing for their new program, nicehash quickminer.

>> No.30448197

>>30436668
already at around half the payment of what i payed for my 3070.

around 60 Mh/s with ETH

>> No.30448277

>>30444121
>believing it’s anything but a pr speak

>> No.30448350

Should I drop 10k on a Linzhi Phoenix to get 2600 MH/s at 3kw? Would pay itself off in two months.

>> No.30448437

>>30448350
>Linzhi Phoenix for 10k
make sure you use a legit website

>> No.30448634

>>30448437
https://www.linzhipheonix.com/product/buy-linzhi-phoenix-2600mh/
They have a section warning about scams, so they must be legit! How much would you expect this thing to cost?

>> No.30448704

>>30437448
>forkdrop free coins
>no
>unique blockchain
>yes
>a good thing
that's like saying "it's Bitcoin but anybody who had Bitcoin before doesn't have it now because it's made from a different chain, we are trying to reboot Bitcoin entirely on a new blockchain without any consideration of the existing holders which means now the devs already mined the early blocks like Satoshi and have millions, and anything that comes after this is superman smacking the walls of reality for a big Bitcoin retcon where I am in first"
>hooray.

>> No.30448705

>>30436668
>RX 580
housefire

>> No.30448926

>>30442657
>tfw mined doge in February 2014 with 2 R9 270s
>after one month decide it isn't worth it and stop
>leave hard wallet untouched for 7 years
>doge finally moons
>"fuck... should've kept mining the doge"

>> No.30448985

>>30436668
>prebuilt
Sde

>> No.30449088

>>30447383
right? I picked up a 5700xt pulse in august 2019, still feels weird that my gpu appreciated in cost from $450 to 2k, never experienced that with gpus in my life and I've been building computers since 2001

>> No.30449146

>>30441507
switch to XMR then

>> No.30449311

>>30437338
I lost the game when my brain visualized rgb m4s with GPU fans on the sides, omegakek

>> No.30449429
File: 106 KB, 1200x960, you-i-just-lost-the-game.jpg [View same] [iqdb] [saucenao] [google]
30449429

>>30449311
>I lost the game
motherfucker, do you have any idea how long it's been since I lost that dumb fucking game?