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 Cryptocurrencies Mining, Hardware,. Pool, software

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Keishi89
post Aug 13 2021, 10:12 AM

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QUOTE(greyshadow @ Aug 13 2021, 08:53 AM)
3 months ROI? LOL, maybe during the peak of the BTC peak of 60k that time
those promising those period are either stealing electric or just plain marketing BS to sell their rig tongue.gif

realistically?  I would say averaging 10 months depending on your rig and what you mined

my current tiny rigs of RTX3060Ti (full time) + RX5700XT (part time) + 10Tb Chia farm + misc CPU banano farming gives me about 10 months ROI, now am half way there icon_rolleyes.gif

my next target will be adding a 2nd hand RISC once it has generated enough bullets tongue.gif
*
thanks for the realistic input. I was thinking to build a new rig 4 cards in total with 18-20k capital. Covering electric cost, I can achieve ROI by 10 months or earlier thats if the market doesnt crash.

Numbers makes sense but still a bit hesitant and would like to get more opinions from seasoned miners.
greyshadow
post Aug 13 2021, 11:25 AM

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QUOTE(Keishi89 @ Aug 13 2021, 10:12 AM)
thanks for the realistic input. I was thinking to build a new rig 4 cards in total with 18-20k capital. Covering electric cost, I can achieve ROI by 10 months or earlier thats if the market doesnt crash.

Numbers makes sense but still a bit hesitant and would like to get more opinions from seasoned miners.
*
you should consult our master miner sifu here jett138 tongue.gif

what cards you're getting? the 6600XT ah?

that card seems to be king of efficiency right now for around RM2k a piece, easier to buy now, but hashrate around 26 only hmm.gif

why not consider investing in a asic rig? IMO it's more efficient that way

This post has been edited by greyshadow: Aug 13 2021, 12:31 PM
Keishi89
post Aug 13 2021, 12:26 PM

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QUOTE(greyshadow @ Aug 13 2021, 11:25 AM)
you should consult our master miner sifu here jett138 tongue.gif

what cards you're getting? the 6600XT ah?

that card seems to be king of efficiency right now for around RM2k a piece, easier to buy now, but hashrate around 26 only hmm.gif

why not consider investing in a risc rig? IMO it's more efficient that way
*
3070ti's actually but i know its risky if the profitable alt coins crash or no longer profitable. Still new to the mining scene, little too late to join the bandwagon i know, but since i also not much time to game nowadays so let it part time mine (3070ti).

RISC rig? Ape tu? ahahaha
greyshadow
post Aug 13 2021, 12:30 PM

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QUOTE(Keishi89 @ Aug 13 2021, 12:26 PM)
3070ti's actually but i know its risky if the profitable alt coins crash or no longer profitable. Still new to the mining scene, little too late to join the bandwagon i know, but since i also not much time to game nowadays so let it part time mine (3070ti).

RISC rig? Ape tu? ahahaha
*
3070ti? aren't all those are LHR?
you won't be able to mine efficiently with LHR cards

aiks, sorry, typo, ASIC, not RISC tongue.gif
Keishi89
post Aug 13 2021, 12:43 PM

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QUOTE(greyshadow @ Aug 13 2021, 12:30 PM)
3070ti? aren't all those are LHR?
you won't be able to mine efficiently with LHR cards

aiks, sorry, typo, ASIC, not RISC tongue.gif
*
To mine ETH yes, not efficient cause its limited. Im mining RVN now and compared to a friend who has a 3070-non LHR mining ETH, our profits are about the same after electricity cost.

ASIC hard to resell once its out-phased, GPU still got value on 2nd hand market. Sort of a failsafe if market crash, it still has value as a GPU.

icon_rolleyes.gif

This post has been edited by Keishi89: Aug 13 2021, 12:45 PM
jett138
post Aug 13 2021, 01:05 PM

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QUOTE(Keishi89 @ Aug 13 2021, 09:42 AM)
With hardware cost costing a bomb now a days, I'd like to get some opinions on time frame of recovering back your ROI.

I've been hearing ideally (Best cast scenario) is 3 months but I have no idea how they do it. I crunched some numbers and feel the realistic point would be around the 8-11 months, depending on the coin you plan to mine.

Raven now seems the most profitable but damn it comes a lot of power..
*
2 months if you buy clearance asics and steal electricity.
3 months if you buy clearance gpu and steal electricity.

4 months if you received your antminer L7 and the ltc/ doge coin price remains the same.


or you have excess electricity generated via solar or other means which gives you access to cheaper rate than energy supplier(TNB/ sarawak energy)

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Realistic figure
about 9 and a half months on GPU, not inclusive riser, mobo, rig, psu, rams. if you added all up is all bout 10 or 11 months. say you buy deal price distri -> you
about a year say you buy distri -> dealer-> you

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

And yes, to keep this balance sheet positive and possible. means you sell every token mined every month at 45,200 usd /btc.

other strategy you are exploring to hasten up the process of recouping the capital like selling at higher price, staking, trading, liquidity swapping etc will derail you from your 8/11 months roi plan.

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3070ti makes about 5usd /day on rvn. 4usd +- on ergo <-- prices started to climb up to 4k +- / pcs
last i got some was at 3.3k. Thermal will be an issue if you have a room full of them, not all 3070ti has waterblock available.

6600xt i am skeptical on the figures as most of the posted figures i can get better tweaking or efficiency.


QUOTE(greyshadow @ Aug 13 2021, 01:30 PM)
3070ti? aren't all those are LHR?
you won't be able to mine efficiently with LHR cards

aiks, sorry, typo, ASIC, not RISC tongue.gif
*
Bro, i told you guys a month ago about 3070ti (basically LHR Cards)
Miners already on the move to eat up more, prices already stagnant and shows sign of uptrend. only in countries where energy is expensive price will be good for gamers example EU.
. i already exploring coins other than eth as it is definite it will die upon POS. so no need to pour energy and heart into this.

2nd hand asics are a steal, get 1 or 2 to learn the ropes first. i assume you are in S'wak, you guys enjoy cheaper electricity there so sure got profit one.

This post has been edited by jett138: Aug 14 2021, 12:27 AM
Keishi89
post Aug 13 2021, 01:28 PM

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QUOTE(jett138 @ Aug 13 2021, 01:05 PM)
2 months if you buy clearance asics and steal electricity.
3 months if you buy clearance gpu and steal electricity.

or you have excess electricity generated via solar or other means which gives you access to cheaper rate than energy supplier(TNB/ sarawak energy)

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Realistic figure
about 9 and a half months on GPU, not inclusive riser, mobo, rig, psu, rams. if you added all up is all bout 10 or 11 months. say you buy deal price distri -> you
about a year say you buy distri -> dealer-> you

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

And yes, to keep this balance sheet positive and possible. means you sell every token mined every month at 45,200 usd /btc.

other strategy you are exploring to hasten up the process of recouping the capital like selling at higher price, staking, trading, liquidity swapping etc will derail you from your 8/11 months roi plan.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3070ti makes about 5usd /month on rvn. 4usd +- on ergo <-- prices started to climb up to 4k +- / pcs
last i got some was at 3.3k. Thermal will be an issue if you have a room full of them, not all 3070ti has waterblock available.

6600xt i am skeptical on the figures as most of the posted figures i can get better tweaking or efficiency.
*
Thank you for the clarification notworthy.gif

So my number crunching was somewhat accurate if the market maintains as it is for the 8-11 months to achieve ROI.

I dont plan to get a lot of them as I know what the heat generation is on my current unit. Was thinking at most 4-6 units kept in a well ventilated hall.

QUOTE(jett138 @ Aug 13 2021, 01:05 PM)

3070ti makes about 5usd /month on rvn. 4usd +- on ergo <-- prices started to climb up to 4k +- / pcs
last i got some was at 3.3k. Thermal will be an issue if you have a room full of them, not all 3070ti has waterblock available.

6600xt i am skeptical on the figures as most of the posted figures i can get better tweaking or efficiency.
*
you mean 5usd/day right? thats what im getting at the moment.

jett138
post Aug 13 2021, 01:45 PM

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QUOTE(Keishi89 @ Aug 13 2021, 02:28 PM)
Thank you for the clarification notworthy.gif

So my number crunching was somewhat accurate if the market maintains as it is for the 8-11 months to achieve ROI.

I dont plan to get a lot of them as I know what the heat generation is on my current unit. Was thinking at most 4-6 units kept in a well ventilated hall.
you mean 5usd/day right? thats what im getting at the moment.
*
Yes, based on today prices 5usd/day. a month ago i was at 3.xx usd +-
If get more just make sure to turn on ac 24/7, you know its just a cost of another GPU, 1hp ac of 11,500btu can cool 30 cards remain ambient temperature of 38C in the afternoon and 31C in the night.
and yes i got switch on a water fan cooler for 8 hrs during afternoon to help cooling since humidity maintains about 30 to 37%, auto switches off once the humidity raises above 40%

It seems hardware distributors are reading this thread, prices all jack up as per 1 month ago, when everyone thought lhr unit cannot mine profitably.

This post has been edited by jett138: Aug 13 2021, 02:40 PM
wkc5657
post Aug 16 2021, 11:50 AM

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Can sifu advice why am i getting this kind of error in trex miner trying raven?

Test mining eth totally fine.

Setting all default per trex preset other than changing wallet address.

This post has been edited by wkc5657: Aug 16 2021, 11:51 AM
guardioo
post Aug 16 2021, 02:01 PM

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If using s9j, which pool can you guys introduce?
Eithanius
post Aug 16 2021, 02:40 PM

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is it possible to build GPU miner with just 7k...? what's good to mine...?
wongtheboy92
post Aug 16 2021, 05:52 PM

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QUOTE(jett138 @ Aug 13 2021, 01:45 PM)
Yes, based on today prices 5usd/day. a month ago i was at 3.xx usd +-
If get more just make sure to turn on ac 24/7, you know its just a cost of another GPU, 1hp ac of 11,500btu can cool 30 cards remain ambient temperature of 38C in the afternoon and 31C in the night.
and yes i got switch on a water fan cooler for 8 hrs during afternoon to help cooling since humidity maintains about 30 to 37%, auto switches off once the humidity raises above 40%

It seems hardware distributors are reading this thread, prices all jack up as per 1 month ago, when everyone thought lhr unit cannot mine profitably.
*
last time, non-lhr is down to RM5k or less...Now they have climbed up to 6k range already... Def, they are reading this thread to keep updated with crypto mining info
NoGuGuJiaO
post Aug 16 2021, 07:18 PM

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Hi guys,
For those mining RVN, which wallet platform you using? How it work from the wallet transfer to your bank account?
lovingforyou
post Aug 16 2021, 07:27 PM

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Anyone using nanopool?
How to set minimum payout?
My jason file -u MYWALLETADDRESS.WORKER/MYEMAIL
Payout setting at nanopool still incorrect password
iz1011
post Aug 16 2021, 10:38 PM

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QUOTE(bananajoe @ Aug 8 2021, 10:10 PM)
I stop ETH mining for a while. TNB bill seems killer during PKP.
Anyway how's your profit coming along ?
*
How much did you bill end up to be? ?
SUSbananajoe
post Aug 16 2021, 10:39 PM

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QUOTE(iz1011 @ Aug 16 2021, 10:38 PM)
How much did you bill end up to be? ?
*
around RM500 plus in total (suspect the mining contribute at RM 300) as my usual bill is around 200 plus
iStandAlone
post Aug 16 2021, 10:57 PM

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QUOTE(bananajoe @ Aug 16 2021, 10:39 PM)
around RM500 plus in total (suspect the mining contribute at RM 300) as my usual bill is around 200 plus
*
I using watt meter to record my mining rig power consumption. My little 3 gpu mining rig only consume around 450 watt per hour.
Planning to add in more gpu but now gpu price started to spike and more people are joining the party.
SUSbananajoe
post Aug 16 2021, 11:01 PM

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QUOTE(iStandAlone @ Aug 16 2021, 10:57 PM)
I using watt meter to record my mining rig power consumption. My little 3 gpu mining rig only consume around 450 watt per hour.
Planning to add in more gpu but now gpu price started to spike and more people are joining the party.
*
i plan to just trade instead of mining laugh.gif . Also I don't see it feasible with the London fork. Just my opinion.
adilz
post Aug 16 2021, 11:09 PM

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QUOTE(lovingforyou @ Aug 16 2021, 07:27 PM)
Anyone using nanopool?
How to set minimum payout?
My jason file -u MYWALLETADDRESS.WORKER/MYEMAIL
Payout setting at nanopool still incorrect password
*
I'm using nanopool. The default payout is 100 RVN. If you change, minimum payout is 50 RVN.

And also make sure mine to correct or valid address. My first atttemp of mining RVN end up mining 100 RVN into invalid address. So the RVN is stuck there
ha ha ha

jett138
post Aug 17 2021, 01:35 AM

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QUOTE(wkc5657 @ Aug 16 2021, 12:50 PM)
user posted image

Can sifu advice why am i getting this kind of error in trex miner trying raven?

Test mining eth totally fine.

Setting all default per trex preset other than changing wallet address.
*
Check your settings again, it would seems like they dont recognize you.

QUOTE(guardioo @ Aug 16 2021, 03:01 PM)
If using s9j, which pool can you guys introduce?
*
Slush, nicehash, poolin, hiveos, antpool, pick any that you have control over with or you are familiar with the payout. For me not much difference between pools.

QUOTE(Eithanius @ Aug 16 2021, 03:40 PM)
is it possible to build GPU miner with just 7k...? what's good to mine...?
*
Possible, one gpu / 2 gpu rig, if you already have existing mobo, 7k can buy 3 more gpu.
provided you can find the gpu you want. now no stock again. you still make the same with eip1559, so miners continue to build rig + current chipshortage situation.

QUOTE(wongtheboy92 @ Aug 16 2021, 06:52 PM)
last time, non-lhr is down to RM5k or less...Now they have climbed up to 6k range already... Def, they are reading this thread to keep updated with crypto mining info
*
I heard they place less order on July due to fear, because a lot of FUD of mining crashing, eip1559 etc. therefore a window of cheap gpu available in early July, market has no stock even you got money to buy.
allocation also not like you order bulk can get your stock, scalper cannot give you 8/ 6 gpu of the same variant. people who hope to buy at msrp will rant more, but they can actually buy scalper and miner back to msrp or roi when not using...
Asic manufacturers are banking POS will be delayed again, hoping to sell their ethash machines. scrypt all sold out, ethash able to score on high risk. i dont see the logic if i cannot continue to make another 100% gain.
Btw, continue to build rigs to pass time since shops are not opening anytime soon and dine in also.


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