Official Mining Thread

[curio]

Is CPU mining even worth it? For a 5900X?

By my calcs that's about about 0.009 btc per year. Could be worth it.

[curio]

The interesting thing to me is that bitcoin has some disadvantages. Disadvantages that other alt-coins address. Yet it continues to maintain supremacy in the market, at least in part because it was the first. It will be interesting to see what happens in the next 10-20 years.

It's amazing what first to market and popularity accomplishes. Just more time and more word of mouth to build that market cap, even if it has several disadvantages over others. But I think defi will launch alt-coins probably beyond btc someday.

[Leprechaun]

Bitcoin was first that's why it has the biggest chunk of the crypto market. Something will overtake it in the future probably, but what? Eth?

I guess I won't bother mining Monero then. I've just traded for it instead. If you guesstimate 0.008 BTC for a 5900X then my 3900x will get even less. I could mine the same amount of eth value wise in 2 days with gpus.
@ Riptide. Thanks for the links.

I like seeing the market correct itself, perfect time to stock up on more altcoins

Anyone know if in the shorter term eth will fall flat on its face or shoot straight up? With proof of stake coming, almost all the mining pools are against it. When that hashing power is gone the Chinese farms will take over. Anyone have a take?
(Anyone have 32 eth I can borrow? )

Forgot to give my rant/take on the nvidia/miner problem. It's not a problem. nvidia definitely does not see it as a problem. They're too busy swimming in money to hear gamers complain. Miners don't see a problem, except they want moooaaarrr. Gamers however are stuck in the middle. nvidia is raking in the dough now, but is afraid for ~years end when eth mining isn't as profitable (those who mine other altcoins holler @ me). There will be LOTS of used cards on ebay. Gamers will win here. They will get their cards, albeit used but for a much much reduced price. Heck, get 2 or 3. Nvidia is scared of this because how well will the 4000 series sell then? Not good at all. Remember the 1080ti? Then nvidia realized ppl are paying absurd $$ for cards and the 2080ti was priced insanely. Ya, that didn't sell as gpu mining wasn't as profitable at the time. Then the 3000 series had a lower MSRP, but ooopppss mining here we come again. The only thing going to the moon were the gpu prices. I wonder if they'll sell the 4080 for $1499 and it flops again if nobody can profit off it.
Gamers are peeved because they think there's a new high price floor established for gpus. They are right, but I personally don't think it's as high as we might think. That will all depend on mining profitability. Nobody will pay $1500 for a card if it can't make them $$ and is only good for gaming. Believe me the 3000 series would never sell at these prices and at these quantities if people weren't making profit$.

Nvidia is making the miners happy, but the gamers are angry. So they make an effort to cripple the 3060 for mining ethereum only. Keep in mind the huge farms will get around this in no time. I even wonder if it's possible to just trick the card/drivers into making it seem like you're not even mining ethereum while you actually are? Maybe some software engineer will find a way to do just that. Please keep in mind it's just blocking ONE mining algorithm. There are many other altcoins to mine and some are quite profitable as well, and the crippled 3060 can still mine them at full hashrate. So, in turn this is at best a half-arsed effort from nvidia to look like the good guys to gamers. But, it's possible this means the 3060 will be available the first week for gamers to grab until a bypass is made for the mining aspect. Although I doubt it since the card isn't even out yet and there are countless # of them being resold on the 2nd hand market for insane price$.

So nvidia is extra smart by making mining specific cards. Stealing components from actual gaming cards and throwing them on rejected chips and hoping to sell exclusively for mining. Big problem here is I doubt miners will go for these. Too much power for too low a hash rate. The only half interesting one is 90HX and it comes out Q2. A little late. These should of been here back in September. Also, I know the prices will be absurd. The ROI will be ridiculous, and who knows what you'll mine once eth isn't as profitable. Also, you can't recoup any $$ on 2nd hand market as there is no video out. These might be DOA? Maybe some get bought? Nvidia makes a bit more money on salvaged chips, and prevents an abundance of cards on the 2nd hand market. In turn hoping to sell more RTX 4000 series in the future.

As we can see, nvidia is the only winner here. They don't care for gamers or miners. They just love our money. This isn't an nvidia exclusive this is true with any large company/corporation. We're walking wallets to them. They could care less who buys their products, they just want money year in year out.

To reiterate what I said in a previous post, mining must be raking in mucho dinero for nvidia. I counted 11 video cards (PCI generic 2D crud, 3dfx, ATI/AMD, nvidia) that I purchased since ~ 1988. Meanwhile I just matched that in a few months buying 3000 series cards. Insane prices I wouldn't even think once of spending if it was just for gaming. (The bonus is I get to game on a 3090. I've always been way behind on top gfx every gen until now). So to me mining has been a bonus to gaming as well.

I'll end the rant here. Complains, comments, criticisms?

edit: Also heard over the weekend that this week F2POOL was gonna do a large selloff on bitcoin, etc. Looks like they did bring the markets down a bit, but it's not all their work.

[KAC]

Bitch coin be falling. Needs to hit 40K.

[Leprechaun]

Needs to fall lower. I need cheap coin. More importantly the fees are through the roof. Some sweet mining $$$

[caveman-jim]

There is precious little we actually need to survive and if some people had their way we'd be back to spending winters holed up in a teepee to avoid use of resources.

The interesting thing to me is that bitcoin has some disadvantages. Disadvantages that other alt-coins address. Yet it continues to maintain supremacy in the market, at least in part because it was the first. It will be interesting to see what happens in the next 10-20 years.

I CPU mine XMR on monero ocean. I also mine ETH and am paid in XMR there as well.
https://moneroocean.stream/

They have a version of xmrig that switches algos and has no dev fee. I highly recommend you look into this.
https://moneroocean.blogspot.com

There is a discord server as well.
https://discord.gg/ek3qCV8U


See above sir.

Thanks, I'll check it out.

[SirBaron]

Thermal pads are sold out everywhere, need to replace the cheap **** on my gpu.

I want to mine at. Normal speed but not above 100'c tjunction.

[KAC]

I ordered massive sinks for mine: https://www.amazon.ae/gp/product/B08...?ie=UTF8&psc=1

Also a massive thermal pad.
https://www.amazon.ae/gp/product/B00...?ie=UTF8&psc=1

I put my Corsair ML120 fan on the back side of the card for now and brought temps down from 106 C to 96 C. I may add another fan until I get the pads plus sinks.

[acroig]

Is there a reason why there are no dedicated mining GPUs? Call it the mGPU?

No graphics other than 2D, mining only.

[KAC]

Last time they delved into it, they sold out fast but the resale value was crap so later on no demand for those cards. They are hoping to launch more this time as well but not sure by when and for how much.

[SirBaron]

I ordered massive sinks for mine: https://www.amazon.ae/gp/product/B08...?ie=UTF8&psc=1

Also a massive thermal pad.
https://www.amazon.ae/gp/product/B00...?ie=UTF8&psc=1

I put my Corsair ML120 fan on the back side of the card for now and brought temps down from 106 C to 96 C. I may add another fan until I get the pads plus sinks.

I need 2mm for front, and 3mm for back, yet both of those are out of stock.

[Mangler]

Maybe watercooling your backplates would be a good idea?

[KAC]

Maybe watercooling your backplates would be a good idea?

Not indulging in custom loop. Honestly 90-100 junction temp is absolutely fine. My mem chips are 70-80 C. That junction just needs more love. With some padding and sinks plus fan it should be fine.

[Leprechaun]

The 3060/70 GDDR6 are all fine..
3080 EVGA ftw3 ultra gaming fine mem temp. 96c
Asus 3090s all fine.
EVGA ftw3 ultra gaming super duper fine @98c mem for 2+ months without stop.
3090 gigabyte = doggie doodoo. Gigabyte has lost my GPU respect. Hits 105c VRAM and throttles after you tell it to load 1 pixel on the screen.

What world is this where my Zotac card outperforms Gigabyte? I always assumed Zotac was the bottom of the barrel AIB?

[KAC]

Gay you need to pad those up and put heat sinks. Otherwise that shite gonna blow.

[demo]

Not indulging in custom loop. Honestly 90-100 junction temp is absolutely fine. My mem chips are 70-80 C. That junction just needs more love. With some padding and sinks plus fan it should be fine.

You may want to check what the backplate and pads actually make contact with, it may be more than just memory chips. I haven't looked on this card but my 2080ti backplate cooled a lot more than Vram alone. I do believe sinks will do a better job, just saying you might need to add a few more than expected.

[KAC]

Ofcourse. I have gotten 145X145X1.5 mm pads. I also have pads lying around from my 980 Ti classified block. The heatsinks are also 50X100X12.7 so plenty of surface area. I will try different configs. It is mining like a champ but was crashing in games. That hasn't happened for past 12+ hours so I am going to keep seeing where the issue is. Thus far, nothing hints towards the card itself as being the problem.

[demo]

Cool bananas, I might do the same if your results are good.

What are your power figures in GPU-Z? Total board, slot, 8-pins.

[KAC]

Damn, crashed again 30 mins into CW.
Power figures are 420-450 watts. Slot is typically 74-78 watts. Third 8 pin typically is below hundred but the others routinely hit 130-150. Volts are also 0.9-1.0 when gaming/mining etc. I do see highest idle volts at 1.081.

[demo]

What are your figures if you run Kombustor at 4k?

Not furmark doughnut test, just the 'msi-01' test. It's a little more realistic on GPU.

https://www.geeks3d.com/furmark/kombustor/downloads/


And 150W on the 8-pins?! Hrmm


EDIT: continue in 3080 thread

[curio]

Welp we definitely saw the inevitable correction after how fast it was rising for nearly a month

BUY BUY BUY lol

Things like this though is why I'm still in

[Riptide]

68c memory junction temperature on this 6900xt while running phoenixminer 5.5c. 63 MH.

Definitely not skerd of high temps at this point. GPU junction temp is 54c.

No reason to be concerned whatsoever of any mining related 'damage' to the device.

[KAC]

63 MH is about same as my 3070

[KAC]

43 Gs now. This thing crashing like Titanic.

[acroig]

43 Gs now. This thing crashing like my 3090.

Sorry, couldn't resist, too easy.

[KAC]

So a report after almost 3 weeks of mining. I do on and off mining plus was without a card for a few days in between. Started on 7th of February and in the short month I managed to score a little over $200 (at $45K rate). I also checked my electricity bill and the increase was barely noticeable (maybe $20) but that includes A/C usage that would’ve happened regardless. So overall, pretty satisfied with this. February is just an indication and if things continue as they were (which they won’t) then it seems $350-400 should be doable per month. My target is to really try and make at least $2700 boners with this ordeal. This would imply that I have paid off all incremental costs of purchasing hardware this year ($1430 for kid’s computer, $770 for my 3090, and $500 for my 5900X).

That is the only motivation to get back in this shite.

[SirBaron]

I hear talk that etherium 2.0 is going to make mining highly Unprofitable, not sure how likely another coin will take it's place,at least that fast anyway.

[Leprechaun]

I hear talk that etherium 2.0 is going to make mining highly Unprofitable, not sure how likely another coin will take it's place,at least that fast anyway.

Januray was good but Feb was out of the ordinary good as far as payout goes. I'd quit my job if every month was February.
There's conflux, Ravencoin, vertcoin, but all still less profitable than eth at the moment..that will change once it goes proof of stake.

I found if I just lower memory overclocks by 100 on all cards, none ever go down and I lose just 1 mh/s. Should improve VRAM life not redlining it 24/7.

[Cyko]

So I don’t get to test out these fancy new buttons? Damn

[curio]

I hear talk that etherium 2.0 is going to make mining highly Unprofitable, not sure how likely another coin will take it's place,at least that fast anyway.

Only for people who mine ETH since they're changing from PoW to PoS

Miners will still be fine mining btc and alt-coins

[SirBaron]

Isn't most of the profit on nicehash from etherium?thats all i see when its ever mining.

[curio]

Isn't most of the profit on nicehash from etherium?thats all i see when its ever mining.

Currently yeah ETH is the most profitable, but something will replace it. Before ETH was killing it, Grin was the highest. Before that it was Raven. And before that it was Equihash. And before that X11. There's always a new flavor of the month (year).

Either way since with Nicehash you're technically not mining directly but instead renting your hashing power into a pool for buyers, using NH you'll still get paid in BTC regardless of what it will mine at the moment. Rates might not be as good after ETH moves to PoS, but buyers will eventually start buying another NH pool of PoW crypto.

[Leprechaun]

^what Curio said. Nicehash will even change between algorithms to mine different coins on the fly depending on what's most profitable atm.

Eth has been killing it lately though. Mining difficulty keeps going up as more and more peeps are mining. Also, less transaction fees for miners atm since prices stabilized a bit more and you don't have all those people trading like mad.
All equals less mining profits last 10 days.

[Riptide]

63 MH is about same as my 3070

Right GDDR6 only takes you so far and ETH, which is what you and everyone else on nicehash mines right now, is memory intensive.

There's conflux, Ravencoin, vertcoin, but all still less profitable than eth at the moment..that will change once it goes proof of stake.

Correct, however, those were not as profitable to mine any time recently as the latest run on ETH has been. If they had been as profitable as ETH is currently then we would've seen a boom in mining before now. We didn't, because they didn't make anywhere near the daily profit margin. Things had been fairly quiet for a while.

Isn't most of the profit on nicehash from etherium?thats all i see when its ever mining.

Correct.

[curio]

You guys should trying staking if you haven't already. Outside of Tezos there aren't a lot of good current options IMO, but it'll probably become far more common when ETH goes to PoS.

It has no need for mining hardware and you can still gain money. It's like making variable interest by having money in an account. Can even do it on a cold wallet.

[Leprechaun]

You guys should trying staking if you haven't already. Outside of Tezos there aren't a lot of good current options IMO, but it'll probably become far more common when ETH goes to PoS.

It has no need for mining hardware and you can still gain money. It's like making variable interest by having money in an account. Can even do it on a cold wallet.

I'll be staking my load of ADA I think. They let you move/sell your ADA and it's not locked in

[KAC]

Wtf is staking? Nubs guide?

[curio]

Wtf is staking? Nubs guide?

So in a nutshell, transactions for crypto is performed by one of two methods: Proof of Work or Proof of Stake


Proof of Work = miners that crunch calculations to validate transactions - and the miner is rewarded for doing so

Proof of Stake = users 'stake' their crypto to the network (ie hold crypto in a wallet for a period of time without being able to use/move it) and by using some kind of magic, the network nodes use that staked crypto to validate transactions and secure the network - and the staker is rewarded for doing so


PoS uses a lot less electricity and doesn't require nearly the same amount of computing power like PoW does. Basically instead of mining, you just stake the crypto to the network for a period of time and you make a variable interest rate return. Currently, most crypto is PoW but that's going to change.

[KAC]

How can I stake? Which website/exchange/program?

[curio]

You can do it on Coinbase:

https://www.coinbase.com/staking

I believe the waitlist signup for Ethereum 2.0 staking just started