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NVIDIA GeForce RTX 3050 Benchmarks Show Poor Crypto Mining But Faster Than RX 6500 XT Graphics Performance
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30A/240V circuit for mining rigs...Do I use 10/2 or 10/3 wire?
Looking to start mining now that the weather is getting cold, but I would like to know if there's any good place to have a service to help keep track of it.
Alleged NVIDIA GeForce RTX 4090 Ti & AMD Radeon RX 7000 Equipped Mining Farm Spotted, Over 3 TH/s Effective Hash Rate By Hassan Mujtaba / Dec 12, 2021 23:15 EST
Alleged GeForce RTX 4090 Ti and Radeon RX 7000 mining farm spotted on Flexpool, delivering nearly 4 million dollars per month at 4.3 TH/s
Stop Letting People Convince You Crypto Mining is Dead or Not Profitable
I'm so conflicted, should I keep my annoying nephew on life support or buy more Cryptocurrency?
I'm so conflicted. Do I buy more cryptocurrency or a new ham radio?
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WTS: Antminer Bitmain S19 Pro, Antminer Bitmain E9, Nvidia GeForce RTX 3090
1st Crypto Mining Rig/ Questions on Profits / Suggestions
Mentions
Post is by: Cryptominer54 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/sctet1/how_to_use_and_profit_with_your_crypto_coin_2022/ One of the Best way to Use and Profit with your crypto coin. 🏆1. Register to a block Chain account. Create an account with: Block chain, coin base, Paxful, Robinhood, Trust wallet, Luno or other trusted broker. You should verify your account to remove limits. Then create an Ethereum wallet. 🏆2. Get connected to an Ethereum Hardware Miner block. E.g AMD Radeon RX 5700 XT, A10pro +7GB 1,350 WATTS. Each Hardware Miner has Various number of block. Register your wallet ID to one of the block in a Hardware Miner. Here the Miner will pay your profits direct to the registered Wallet at the end of each Algorithm. 🏆3. Buy your Hash rate with the mining device. Your hash Rate regulates your Mining speed. *Hash rate makes it possible for a connected Miner to solve block chain Algorithm an gain rewards. 🏆4. Start earning. At the end of each Algorithm, Your wallet will be credited with the rewards gotten from your block. A miner block employs your hash rate 10times in the Algorithm, each profit is half your hash rate. You can acquire a block in my Hardware AMD Radeon RX 5700 XT Miner and own a block. Telegram: @Hughesminer23 https://t.me/Hughesminer23 Email: Alberthughes880@gmail.com *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Post is by: Cryptominer54 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/scg9u2/one_of_the_best_way_to_use_and_profit_with_your/ 1. Register to a block Chain account. Create an account with: Block chain, coin base, Paxful, Robin hood, Trust wallet, Luno or other trusted broker. You should verify your account to remove limits. Then create an Ethereum wallet. 2. Get connected to an Ethereum Hardware Miner block. E.g AMD Radeon RX 5700 XT, A10pro +7GB 1,350 WATTS. Each Hardware Miner has Various number of block. Register your wallet ID to one of the block in a Hardware Miner. Here the Miner will pay your profits direct to the registered Wallet at the end of each Algorithm. 3. Buy your Hash rate with the mining device. Your hash Rate regulates your Mining speed. *Hash rate makes it possible for a connected Miner to solve block chain Algorithm an gain rewards. 4. Start earning. At the end of each Algorithm, Your wallet will be credited with the rewards gotten from your block. A miner block employs your hash rate 10times in the Algorithm, each profit is half your hash rate. You can acquire a block in my Hardware AMD Radeon RX 5700 XT Miner and own a block. Telegram: @Hughesminer23 https://t.me/Hughesminer23 Email: Alberthughes880@gmail.com *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
tldr; As Bitcoin and Ether hit record lows this week, we're now seeing up to 11% lower card prices on eBay compared to last month. AMD's RX 6600 tied for the highest price drop of 11.6%, going from $586.89 down to just $518.66. On average, nearly every graphics card dropped in price by 5% or more. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I spent more than a year mining on an ancient AMD R9, then took that money and invested it in a slightly less ancient AMD RX580 which had a reasonable ROI time. Eth shot up that year and ROI happened in half the time. My family just had a baby and we were living paycheck to paycheck. I kept chipping at it to get us staked more and more in crypto. Last month when my wife was hospitalized for a week with COVID, I was able to cover being out of work for a month and the majority of her bills with my crypto gains. It’s the first time my wife ever thought crypto was something real instead of “that computer game my husband plays.”
>The thing is, Bitcoin has been at or below 10K for a decade, why didn't you go all in then? I wasn't that much of aware of this crypto investing/speculation before 12 months ago when I started GPU mining. I've known about Bitcoin for ages but never really considered it having any basis on it's price gradually increasing. But now I see it systematically does it. People just buy it for no real reason, and that along with ever limited supply, means it's price will in long term average go higher. I've always thought these's no technical point for Bitcoin to have much value, since a single BTC can be divided into so tiny portions, so any tiny amount of value can be transferred with it, regardless of the price. But it's not functional as transfer of value, nearly no crypto is. It's a vehicle of speculation. And I believe, when done correctly, it can be called as investment. I don't look USD prices since I don't have USD; But I don't see how BTC really could go below 15k euros. That's about 17k USD. If it would break that limit, there's no way it would go below 11k euros except for very brief and mostly irrelevant times. Also, as a GPU miner, I have an unreasonable large position in RX and RTX. I don't want to take two-fold risks, so I regularly try to sell the mined ETH off. The value of my GPUs is linked to the value of crypto, primary BTC as ETH just can't break free from it. So eventually this cycle is going to end and I think there will be a major crash, I only want to have a small amount of ETH then, as my GPUs will take the hit as well. Fun fact: I've been meaning, that if and when I will buy reasonable amount of crypto, I will hide my wallet addressses somewhere here in Reddit. We will see how things go. I think currently it will take nearly 2 months for market to recover a bit.
I got 7 GPUs all RX580. I got 6 of them in a rig. And 1 in a pc. I was planning on doing the 6 for ETH and the 1 gpu for BTC.
I imported 8 card (RX580-GB) machines from China. Was $5000 each. I did have to borrow money to buy them, but turned out to be one of the better investments Ive ever made. Even with depressed prices, mining is still profitable and it really helped my family get through this pandemic. ROI was under a year.
I have been solo mining Ethereum for about three months now and have almost $10 worth. I turn it on at night for the heat more than anything. Radeon RX590 8GB so not exactly top of the line but for the sake of this discussion I would say it is kind of close enough. With GPU prices requiring a 15 year mortgage right now, you are very likely to never see profit solo mining right now.
​ 
>RX7exe Or you are at trading and holding.
0RX, it’s probably dead but I will always hold on to some. I mean cmon it’s called Zerox, that’s hilariously archaic for such a newer tech.
I don’t see why it isn’t? I’m mining with a single RX3070 and have mined quite a bit. I started mining ETH for the first couple months but have been mining Ergo ever since. Not planning on selling for a long time either and it’s just another passive income stream for me so win win
No. When the dip was here I bought. Then, it dipped more and I bought. Then an RX 590 showed up locally for $300 so I cashed out on "green" day, bought it, mined with it for a few days, and resold it for $500 because it didn't mine well.
Maybe it’s this one? https://bitinfocharts.com/bitcoin/address/15Z5YJaaNSxeynvr6uW6jQZLwq3n1Hu6RX
Compute mode??? Wasn’t that only for RX 480 and RX 580?
Cause AMD would totally name a GPU the Radeon RX 7000. s/ If this were true, you'd either know what both cards are, or not know what they are.
tldr; A massive Ethereum mining farm was recently spotted on Flexpool. The farm has three active workers named "4090 Ti-Overclock Test," "RX7000-Control-Test," and "Rx7000 Overclock-Test" respectively. Together, the three worker nodes mine ETH at up to 4.3 TH/s, or roughly US$4 million per month. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The Radeon Software recommends a GPU upgrade, because Brave has "marginal performance" and would benefit from a better GPU than the current RX 590. Brave is amazing, am I right?
Once I bought an RX8 and paid off my student loans. Of course, in retrospect, I should have just hodled.
Keep in mind GPUs don’t mine Bitcoin directly, so you’d have to convert your earnings to BTC. Use whattomine to calculate how much each RX 580 makes.
PRICE UPDATE GeForce RTX 3090 $2,936. GeForce RTX 3080 Ti $1,895. GeForce RTX 3080 $1,720. GeForce RTX 3070 Ti $1,201. GeForce RTX 3070 $1,193. GeForce RTX 3060 Ti $1,002. GeForce RTX 3060 12GB $749. Radeon RX 6900 XT $1,599. Radeon RX 6800 XT $1,384. Radeon RX 6800 $1,332. Radeon RX 6700 XT $945. Radeon RX 6600 XT $665 Radeon RX 6600 $588
Just got back in the mining game. Got a vega 64 (50 MH/s) a RX 6600 non XT (29 MH/s) and a brand new 6900 XT (63 MH/s) mining ETH on 2miners getting payment in NANO (0 transaction fee!) Raking inn about $12 a day on that, pluss I save some electricity on heating 🤗 when 2.0 is finally launced and POW dies on ETH, I suspect mining profitablity wil take a nosedive across the board as the big GPU boys/gals wil switch their insane hashing rigs iver to the next best coin, and difficulty will skyrocket 🥴 time will tell 🤗
Resume What GPU is the best for mining? This is a very broad question. Are we talking about efficiency since the electricity price is high? Maybe about raw performance because we have solar panels and the power usage is not important for us? Is budget an obstacle? Some of the best-performing GPUs can cost more than $3,000 right now! It is also worth mentioning that the prices of GPUs fluctuate a lot at the time of writing. All of this combined means that the final answer will be different for everyone. The most used metric when it comes to buying mining GPUs is ROI (return on investment). How long does it take for the GPU to pay itself back? The lower the ROI, the better. Use this metric when deciding what GPU to buy. This metric is not always the most accurate, because daily profitability constantly changes and ROI time will most likely not be the same at the end. You can calculate the graphic card's ROI by following this formula: ROI = GPU price/(daily profit - electricity used). Another metric that you can use is the price per MH/s you are paying. This metric is straight forward and accurate. But it is important to compare only the hashrate of one algorithm and not to compare, for example DaggerHashimoto on GPU1 to KawPow on GPU2 as the results will be different. You can calculate the price per MH/s by following this formula: Price per MH/s = GPU price/hashrate on given algo. AMD or NVIDIA? NVIDIA seems to be more versatile than AMD, but that is not always the case. AMD can mine KAWPOW (Ravencoin) and DaggerHashimto (Ethereum) quite efficiently. While NVIDIA GPUs can generally efficiently mine all the coins like Ethereum, Ravencoin, Ergo, Conflux and others. Choosing NVIDIA gives you the ability to competitively mine more different algorithms compared to AMD. NVIDIA GPUs might be more “future-proof”. But AMD GPUs are not to be underestimated. There might be other future algorithms or coins that will be more profitable on AMD GPUs compared to NVIDIA ones. I have free electricity! If you are in a student dorm, electricity is not free, and be careful before moving your roommate out and setting up a 5kW mining farm in your dorm room. If you use solar or have really cheap electricity (less than ∼$0.06 per kWh). Then you can pick a more power-hungry and less power-effective GPU like the RTX 3090. NHOS Older or newer generation GPUs? Are you planning to resell the GPUs after a couple of years? In this case, we would suggest buying new generation GPUs like RTX 3000 or RX 6000 series since these cards will still be competitive in gaming after 3 to 4 years. If you are not planning to sell the GPUs and will only use them for mining, then we suggest buying the one with best ROI. Let that be the latest generation or older one like RX 5000 series and RTX 2000. We do not suggest buying GTX 1000 or RX 500 series or even older for mining. For example, GTX series is actually losing its performance over time due to increasing DAG size (GTX 1080 Ti used to hash at around 55 MH/s but can now barely achieve 45 MH/s). New or used GPU? Some might argue that used mining GPUs will degrade over time. But this is (generally) not true. If the GPU was kept clean, below 70°C and its fans were spinning under about 60% speed then the GPU can keep on hashing for years. If you come across a GPU with known history, then the risk of buying a bad GPU is low. Maybe GPU manufacturers should keep a history of temperatures and load in the BIOS just like cars keep track of distance traveled? How to calculate the electricity price? It is worth noting that the actual electricity price you pay per kWh might not be the same as it is written down on the invoice. In most countries, people pay for electricity + network charge + VAT. This means that your electricity price is not equal to the electricity price stated on the invoice. But you must divide the total invoice price by the kWh used in the past month. For example, Bob used 3000 kWh in November. The price per kWh is $0.06. The invoice should be $180 (3000*0,06), but the invoice total is $320. For Bob to get the actual price of the electricity, he should divide his total invoice amount ($320) by total kWh used (3000). This results in an electricity price of $0.106 per kWh. How to calculate ROI of mining GPUs? Use our Profitability Calculator to calculate the ROI of GPUs. CALCULATE PROFITABILITY Select a GPU from the dropdown menu and input additional information like your electricity price and GPU price in the text boxes. nicehash profitability calculator As always, feel free to join our subreddit or Discord server where you can ask questions to other community members and even to our staff. WRITTEN BY Marko Tarman Marko is NiceHash's Mining Hardware Specialist and Content Creator. He started mining in 2012, before the first ASICs came out. He went from GPU mining BTC, LTC to VTC, and even DOGE. His mining motto: "I have 99 problems, a bad elevator is all of them"
Do not suggest buying GTX 1000 or RX 500 series or even older for mining
A RX 580 is worth to mine? I work all day, maybe it is worth it to keep my 580 mining at home?
My wife could get me another RX 580 8 GB and some extended pcie and usb cables to expand mining further. That'd be a great crypto Xmas for me.
Mate not about the climate, but about the electricity price and an RX580 which cant do much on its own.
I mine and while it may not be on a commercial scale I believe that my hashrate is higher than many as I have six 3090's, six 5700/5700 xt's, six RX 580's, six 1660 supers, two 2060's, a 3070 and a 2080 Ti. That said depending where you live I'd be careful about getting into GPU mining right now. You see ETH is going PoS in the new year so after that the combined hashrate will turn to ETC, RVN, ERGO and a bunch of smaller or other none ASIC resistant protocols. Also the price of energy is going up in many parts of the world right now so you could easily get caught in a three way squeeze of lower earnings, falling prices (from a bear market) and rising costs. That said if you do decide that you want to mine DO NOT do it on a laptop, unless you like the smell of melting plastic and the feeling of money burning away 😂😬 Also try the subs r/gpumining and r/Ethermine.
So stoked to be grabbing an RX580 8GB tonight for only $300
ETH, ERGO & Ravencoin. Yes. RX 570, RX 570, GTX 1060, GTX 1070
I'm trying to use my profits to expand my mining capacity. As long as CPOOL doesn't dump between today and tomorrow morning, I'm getting a RX580 8GB tomorrow :)
Music to my ears I was contemplating before reading this selling off staked alts and jumping into an RX580 8GB to add. This just confirmed the bias I already had for the idea lol
Yes. I'm mining ETH with my AMD RX 590 (ASRock).
I make about 100 euros a month in BTC from NiceHash on a single RX5700XT. It's not much, but I'm hodling them for the long term. That 100 a month in 5-10 years...
My best crypto investment was buying my RX480 for £175 and selling it for £400 the month ETH launched 😂 it was one of the mislabled 8gb models labelled as the 4gb too
My RX580 identifies as Ben Stiller so pretty accurate to be honest.
I bought a 3rd gen RX-7 in my 20's. I loved that car and had many good times. I bought a new Porsche 4 years ago. I have had a ton of good times in that car. It's like Christmas every time I get into it. I have a lot toys and enjoy life and don't worry about being hyper rich. Investments are just for fun and for buying more toys. In my 20's I was poor and didn't give a fuck. It never stopped me from hanging with my friends, having lots of sex, and just enjoying life. I didn't travel like all of the instakarens or eat at douchey restaurants, but I had some of the best times of my life going to Denny's with friends at 2am.
In 2019 i saved up half a years otr truck driver wages. I had a choice, buy an additional 4 more bitcoins, or 3 more bitcoins + 1 1994 Toyota MR2 GT-S (Unfortunately this was Oct, yearly high, no i did not dca this like I shpuld have). Ultimately I bought 3 bitcoin and 1 jdm rhd 1994 mr2. And yes, that extra bitcoin would have been 500% more valuable, enough i might cash it in today and instead buy an R33 GT-R, FD RX7, NSX, or MKIV Supra Twin Turbo 6 speed in its place. But i have no regrets, i still did well, and the trusty old 4 cylinder Toyota awoke my social life, which was direly anemic, made a lot of friends around town and went to 30 car shows in tje previous 12 months alone. Maybe cash in a tiny bit to put an extra payment down at take some stress off, and dca some more latee, but bitcoin is for the future, but your time on the planet is finite so also enjoy it.
Made around $20 worth of eth per month on a RX590 earlier this year. It severely depends on the GPU model and whether you can find a mining bios. Don't forget to set it to compute mode in the driver.
Hoge, Hoge, Hoge, Hoge 
reporting with 1x RX 580 8gb which I mine on when I'm not doing any compute/graphic intensive tasks.
Title is ridiculous. It’s a reference to a tax avoidance strategy by the ultra wealthy, not a gun pointed at the middle class. For those who don’t know here is a good single source article https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax For the record, I would tax the air Lord Bezos breathes if it meant closing the holes in Medicare, helped us prepare for the climate crisis and eliminated the digital divide in this country. I cover the RX costs for 3 elders in my family (6-9,000 per year) who all had their pensions gutted by private equity acquisition. One needed new hearing aids last year and that was another $3200. I’m lucky to have the money to cover it but it’s absolute bullshit that billionaires and corporations like Verizon and Amazon pay nothing. I bought my house with BTC. Long hold on a myriad of bags. If this imperiled my money I would oppose it. But it doesn’t and this post is deceptive. DYOR. Unless you are balling bigly this will not affect you. Fuck the Zuck and Elon and Lord Bezos and the rest. Make those motherfuckers pay. Meanwhile I hope we all make it and end up lamenting having to pay unrealized capital gains on our billion dollars in digital tokens. May we all be so lucky.
Kawpow does that, I've been mining ETH and swapping for RVN on my 1660super for the underclocking & low temp. Only mining on my old RX570-4GB directly because it can't mine ETH.
Cool, I'm going to try to mine on my RX5700 and play rocket league at the same time.
SO I have two PCs, one with a RX580 and other wit 1080TI. I haven't mined for like 8 years and wondering if there's some quick calculator to see if it's worth mining? Any recommendations?
So like 2 RX 6800? Seems like a bad deal.
For reference five RX 6600XT's do \~150 MH/s and you'd spend around $2,600 buying them retail. I'm not sure who Nvida is trying to fool here.
This was not really a crypto investment mistake but related to crypto. About two or three months before the 2017 crypto boom, I was building several gaming PC's. The guy I was buying some of the parts from gave me a chance to buy as many RX 480's as I wanted for $170 each. And I chose not to.