Official Mining Thread

[Omega53]

This thread is for posting about your mining hardware, hardware questions, money made/lost, software questions and any other mining related questions/ideas.

[acroig]

Thanks, +rep. Hopefully the mods will move the mining posts from the other thread into this one.

[bill dennison]

Thanks, +rep. Hopefully the mods will move the mining posts from the other thread into this one.

+2

[acroig]

Is Bitterman still around? He hasn't been here in over a month.

[Dave]

We've been force relocated to a new thread??

[OverclockN']

We've been force relocated to a new thread??

It seems fair.

Need a mod that has the ability to move the posts though.

[andino]

So I take it everyone recommends NiceHash Miner?

This looks to be fun to play with. Plus, making $7.00 a day is't that bad of a deal.

Got the 980ti's running at 70C with the water coolers.

Just bumped up to Nist5 at 91.503 MH/s.

It makes my mouse jumpy and typing a little laggy but other than that it isn't that bad. I may just run it at night. That is if I can find a way to schedule the damn thing.

[andino]

Adjusted the fan profiles on the 980ti water coolers.

Now I'm sitting pretty at 60C steady.

[KAC]

This thread can eat a dick.

[Riptide]

We've been force relocated to a new thread??

We were squatters in the other one.

So I take it everyone recommends NiceHash Miner?

I don't use nicehash. It's good for beginners and those people who don't want to put much effort into it. I think you're efficiency will be higher if you use individual clients yourself and start targeting individual coins based on profitability. You'll be able to tweak your GPU to run better under each algorithm that way too.

If you don't want to do anything but double click, spin the fans up, and walk away then nicehash is your best option probably.

[acroig]

This thread can eat a dick.

Enjoy it.

[OverclockN']

Not sure I'm going to keep doing this with current results. I'm projecting about $116/mo at current usage and payouts with a 1080Ti. That's before factoring in cost of electricity and withdrawal fees.

Doing this for $70/mo or so is hardly with the effort. Going to do a one month trial, so I'll keep at it. But so far this doesn't look like it's worth my time.

[Nunz]

I wonder how much my Titan XM would pull in at 1430. I don’t pay electric either since I live on base ..

Hmm.

[Meteor_of_War]

But so far this doesn't look like it's worth my time.

I'm not into mining but I thought one of the good things about it was it doesn't require much time and effort on your part. You just set it and forget it.

Or am I missing something? Are you constantly needing to watch it, tweak it, etc?

[Riptide]

Profitability is down because the alt currencies are down along with everything else. Was gonna happen sooner or later. How far and how long it stays down is anyone's guess.

[OverclockN']

I'm not into mining but I thought one of the good things about it was it doesn't require much time and effort on your part. You just set it and forget it.

Or am I missing something? Are you constantly needing to watch it, tweak it, etc?

That's basically it, it's pretty simple. But I'm not going to run my PC 24/7 over $70-$80/mo no matter how simple it is. If I can do it for $100/mo profit, I'll let it run. Even that's borderline. Otherwise, for me, it's not worth it. The bigger issue will be during the summer. I'll have to move the PC to a different location in the house every day to keep it cool. Or set it up permanently somewhere else, which isn't going to happen.

[Meteor_of_War]

That's basically it, it's pretty simple. But I'm not going to run my PC 24/7 over $70-$80/mo no matter how simple it is. If I can do it for $100/mo profit, I'll let it run. Even that's borderline. Otherwise, for me, it's not worth it. The bigger issue will be during the summer. I'll have to move the PC to a different location in the house every day to keep it cool. Or set it up permanently somewhere else, which isn't going to happen.

OK I get it now.

Yeah maybe if this was a secondary PC you could just stick in a cool spot in your basement or something. But if its your main PC for everything else I can see it becoming a burden and not worth it.

[Riptide]

What is nicehash telling you it's 70$/month?

Lol get off that thing. That is bullcrap.

[OverclockN']

What is nicehash telling you it's 70$/month?

Lol get off that thing. That is bullcrap.

It's not.

I'm going by my actual payouts. I'll see what it actually is at the end of the monthl. But from current payouts, I'm expecting $120 or so depending on Bitcoin value. Then, I need to subtract electrical cost and withdraw fees.

Some of the issue is turning it off to play games, which I'm not going to stop. That's why I have it in the first place. The other issue is a lot of people just add the difference in electrical cost for running the PC full load vs idle. My PC was always off unless I was using it. It all adds up.

[Riptide]

Same I refuse to not play games so as to not miss out on a couple hours of production. I still fire up battlefront 2 and play on the weekends for a while.

I am however trying to figure out a way to keep the secondary GPU running while I use the primary to game on.

Checking the payouts is a good way to verify production and I don't totally trust the calculators myself. They seem to over-estimate by 20-25% IME.

Calculators only do so much good on the fluctuating value of a commodity. Another thing to consider is say you stop mining because you're only making $70/month on whatever coin. Then a year from now that same coin flies up 400% in value. Such situations can happen.

[OverclockN']

I am however trying to figure out a way to keep the secondary GPU running while I use the primary to game on.

Let me know if you figure this out! I'm curious how performance is as well. I've been wanting a 2nd 1080Ti for gaming, and have been thinking it would sure be nice to mine at double production to at the very least make it a bit cheaper.

Another thing to consider is say you stop mining because you're only making $70/month on whatever coin. Then a year from now that same coin flies up 400% in value. Such situations can happen

Definitely a good point. In my case, I have no intention of actually investing in digital currency whatsoever. I'll hold on to it a little bit and sell when the market is up a little to maintain profits, but I won't hold it indefinitely. My plan is to run production and sell at the end of each month when the market isn't in a total dive.

[Riptide]

Most of the ccminer executables, IIRC, have the option to specify the GPU. I'm hoping to tinker with it over the weekend. If you have a readme file the switch might be right in there. I just haven't taken the time yet.

[Dave]

Sigh, for ****s sake. Friend of mine (the one who invest $5,000 into coins at the height of the market in early January and is down $3000 already) is trying to get in the mining side of this now. He started off with a Titan X (Maxwell) that he bought off of me last year. He bought an EVGA AIO 1080 Ti and a Asus Strix 1080 Ti in the past week. His EVGA card came today and he's getting frustrated that the card wont install correctly in windows. Turns out he used 1 power supply cable (the one with the 8pin and 6pin pcie connectors) to power up the card. Told him he needs to use 1 cable for each power connect on the video card. Kept questioning why and couldn't understand why it would make a difference. He reluctantly tried it, and what do you know? The card works just fine. He said that the card came with a pci-e power cable too and that he needs 3 connectors to power the card....

Last night he bought the parts for a dedicated mining rig (huge ass mining case, mining motherboard, cpu, ram, power supply. He plans on using pcie riser cables to each card as well. I told him I won't be helping with that. Said if he wants to dive head first into this, he better be prepared to diagnose and deal with issues that will come up. If he's going to get frustrated at 1 card not being recognized by windows because he can't connect power cables correctly - god help him. This mining rig along with the video cards he's bought and the money he's invested in the coin market now has him at $10,000 invested.

This kind of **** frustrates me to no end. People that have no business or no prior knowledge of building mining rigs just see dollar signs and want in without knowing what they are getting into.

[andino]

I made $5.57 last night in my sleep. I'm giddy.

I am pretty far from investing in this heavily and still waiting on getting a new card once the Volta ti's come out.

I wouldn't jump head long into this though. It's not really worth that. The ROI and the volatility of the markets makes me very hesitant with this.

It's still cool that I can run it overnight and get $4 to $5 a day.

[KAC]

So I am contemplating the following build. Any ideas?

G4400 Celeron
ASUS H270+ MB
120 GB SSD
Rig Case - Open air aluminum
Riser Cables * 6
MSI Gaming X 1080 Ti * 6
1000 Watts Thermaltake PSU * 2
22 inch monitor, el-cheapo mouse/keyboard combo

PC will be kept either in guest bed or maid's room. I may see it only once a day or once a week. Will run 24/7 mining activity. Initial cost is about $7650.

Worth it?

At lowest mining activity that I have seen over past week, I will make $5 per card per day. This translates into about $30 per day or $10950 per annum w/ payback of 7 months. Assuming everything is constant.

[bill dennison]

So I am contemplating the following build. Any ideas?

G4400 Celeron
ASUS H270+ MB
120 GB SSD
Rig Case - Open air aluminum
Riser Cables * 6
MSI Gaming X 1080 Ti * 6
1000 Watts Thermaltake PSU * 2
22 inch monitor, el-cheapo mouse/keyboard combo

PC will be kept either in guest bed or maid's room. I may see it only once a day or once a week. Will run 24/7 mining activity. Initial cost is about $7650.

Worth it?

At lowest mining activity that I have seen over past week, I will make $5 per card per day. This translates into about $30 per day or $10950 per annum w/ payback of 7 months. Assuming everything is constant.

good luck keeping that bed room cool with 6 1080 ti's running 24/7

maybe put a tub of water in the room and turn it into a sauna

[KAC]

It will have 24/7 air conditioning. These bedrooms are not being used.
The real problem is card pricing. It is about 1050 per card. If it were 750 per card then I think it would have been better and shaved off the cost of this build significantly.

[Dave]

Got my 2 Titan Xp's under water blocks this evening. Hitting 2000Mhz core, 12400Mhz mem and its quiet! My ears are thanking me lol.

Currently benchmarking in nicehash now. Equihash is at 850H/s per card. My 1080 Ti @ 1950Mhz core is at 752H/s

[Dave]

So I am contemplating the following build. Any ideas?

G4400 Celeron
ASUS H270+ MB
120 GB SSD
Rig Case - Open air aluminum
Riser Cables * 6
MSI Gaming X 1080 Ti * 6
1000 Watts Thermaltake PSU * 2
22 inch monitor, el-cheapo mouse/keyboard combo

PC will be kept either in guest bed or maid's room. I may see it only once a day or once a week. Will run 24/7 mining activity. Initial cost is about $7650.

Worth it?

At lowest mining activity that I have seen over past week, I will make $5 per card per day. This translates into about $30 per day or $10950 per annum w/ payback of 7 months. Assuming everything is constant.

This is definitely diving in the deep end before your feet are even wet. I would think long and hard about doing this before diving in. Going to be really hard to find 1080 Ti's for retail or close it for the foreseeable future. I would not pay over $950 for a 1080 Ti right now, and even that is on the high end (better be an AIO cooled one at that price). Be aware that going in this deep will not be smooth sailing. Be prepared to have to diagnose and fix issues and deal with headaches for the first 2-3 weeks until its up and running smoothly. This will not be a set and forget it situation. Also running your air conditioning 24/7 is going to jack up your power bill to the moon, not to mention the cost of running this rig 24/7 (6x1080 Ti's is 1500 watts of power), hopefully the power sockets in this bedroom can handle that, very close to typical house circuit limits there. You need to make sure that your are comfortable with losing everything you invest in this. Do not invest more than you can afford to lose. If this is all going on a credit card, you better be able to pay it off before APR kicks in. Going into credit card debt to invest seems silly to me.

The main reason I shy away from mining rigs is that if it all comes crashing down and cryptocurrency is no more - I don't want to have to deal with trying to sell off all that equipment. Selling off the video cards would be bad enough, do not want to deal with the headaches of selling off all the other crap. The other reason I don't like open-air mining rigs is that I have two cats. Last thing I need is a curious cat taking out thousands of dollars worth of hardware, lol.

Once my EVGA and MSI 1080 Ti cards come in (both AIO versions) I am done expanding my rigs. I will have 3 1080 Ti's and 2 Titan Xp's mining at that point. Estimating about .003 bitcoins a day which when bitcoin is at $11k that works out to be $33 a day, $990 a month, $12045 a year. And a power cost of $65 a month (for both rigs and 5 cards).

Personally I see bitcoin valued at $15-20K by the years end. I think we are at the point of too big to fail here. I don't see it dropping below $10K. This isn't a scam imo. Been mining since January 13th and I've already cashed out $115 bucks. During that time I've been messing about configuring the rigs, adding 2 Titan Xp cards, building a second rig to put the Titan Xp's in, adding water cooling to the Titan Xp's. Basically I haven't been mining 24/7 yet. I think I am close to a point where I can just leave my rigs to do there thing and earn me some bitcoins.

[KAC]

5 cards is not deep end but 6 is?

[Dave]

5 cards is not deep end but 6 is?

Based on experience, yes

[Riptide]

Yah my Titan xp are around 1900 core now but definitely NOT quiet lol

[Omega53]

What type of effect will this have on GPU lifespan

[KAC]

What type of effect will this have on GPU lifespan

None whatsoever.

[nycdarkness]

Not sure if I want to get into the mining tbh. I have the hardware already granted not as much as I did earlier but I do have 5 gpus 3 1080ti + 2 txps, and getting another 2txps is whatevers. The electricity will still work out but in a way I feel like I would make more offing the cards I have on hand then I will in the time I mine with them till the next gen drops lol.

As in if I just sold these in a jacked up market and started mining with the next gen of gpus it would come out better than if I waited till next gen to drop and just mined during that time.

[OverclockN']

5 cards is not deep end but 6 is?

It's the equivalent of going "all in" during a poker game. It's a risk, a gamble. If you aren't prepared to lose it all, I'd advise against it. Especially if you don't understand everything you're getting into. Just having someone build a mining rig without understanding what you're dealing with seems foolish.

[Riptide]

I wouldn't do anything with a credit card if you can't pay it off immediately or close to it. Just my opinion anyway.

And yah if you keep the GPU cool and have good air flow it should have little effect on the life span.

Nobody knows when Volta comes out however if it comes out soon the 10 series cards are going to have an immediate drop in value. Miners and gamers will also be trying hard to get them so stock will be short again and over time as the additional hash comes online from the new cards the 10 series are going to trend down on profitability.

It is actually in the miners best interest that Volta doesn't come out real soon if you just bought a 10 series card. Since there is more to PCs than mining however I hope it does come out because I want to get one and game on it.

[Dave]

As long as you keep the hardware cool and keep the fans at a constant RPM you'll be fine. Having the fans constantly change speeds and running the fans at 100% will shorten the life of the fans on the card. Running the GPU at full load isn't going to kill it. Running it at full load at 80C+ will.

I personally run my cards at 100% power limit, hell my Titan Xp's are running at 120% power limit because I know the VRM's, memory chips, and the core are all being more than sufficiently cooled with full cover waterblocks. Just on my Titan Xp's it costs me a whole $4 a month to run them at 120% power limit over 100%. That's really the only reason people reduce power limits down to 80% or so, cost of power. I pay $0.06 kw/h

[Dave]

Did some quality of life changes today. Setup remote desktop to my Titan Xp rig so I can change things without having to physically be in front of it. Setup the mining programs to start with windows and to automatically start mining. Also downloaded an app on my phone (VNC Viewer) that allows me to see my desktop and control it remotely from my phone. This is incase the mining program goes down. I also setup alerts on nicehash's website to send me an email if a worker stops responding for greater than 10 minutes.

[Dave]

I wouldn't do anything with a credit card if you can't pay it off immediately or close to it. Just my opinion anyway.

And yah if you keep the GPU cool and have good air flow it should have little effect on the life span.

Nobody knows when Volta comes out however if it comes out soon the 10 series cards are going to have an immediate drop in value. Miners and gamers will also be trying hard to get them so stock will be short again and over time as the additional hash comes online from the new cards the 10 series are going to trend down on profitability.

It is actually in the miners best interest that Volta doesn't come out real soon if you just bought a 10 series card. Since there is more to PCs than mining however I hope it does come out because I want to get one and game on it.

As far as Volta is concerned - I feel that those of us mining on 1080 Ti's and Titan Xp's wont be impacted as much as those on slower cards. The difficulty will ramp up once Volta cards start to get out in the wild but not so much that 1080 Ti's and Titan Xp's are not profitable anymore.