Official Mining Thread

[KAC]

Haha. My target date is 2024 to cash in. I am waiting and mining. Too bad network hash rate hasn’t gone up.

[SirBaron]

Mining is going to get progressively worse, ETH Difficulty is rising slow and steady.

[KAC]

In a way I am happy about that because then the new cards might actually be MSRP.

[Riptide]

HODL, sell during times of green. Buy back in a red market.

Basic MO for investing in anything. Including equities. If you can get in low and sell high then it dives buy back in for more if it looks like it will go up again.

Mining is going to get progressively worse, ETH Difficulty is rising slow and steady.

Affirm, just going to continue to get worse. Nobody knows for sure how much of it is ASIC coming online now from preorders late last year or just more people buying GPUs. I know there are plenty of people on the eth mining subreddit that are continuing to dump tons of money into mining rigs. Why I have no idea. I think they're taking a foolish risk.

I'm in this until the wheels fall off the eth gravy train. After that the plan is to keep at least one of the two rigs together and maybe mothball it. The other rig is most likely going to be pulled apart and sold off for whatever I can get out of it.

[Leprechaun]

I'll keep mining until all the 30series cards die or are useless. FYI I can now confirm VRAM degradation for DDR6X. 3080 and two 3090s have suffered badly and I keep having to lower the overclock on VRAM. Coincidentally 2 Asus Strix 3090 still solid and haven't crashed for a year. One EVGA ftw3 gaming zomg 3090 is fine as well. The 3080 EVGA ftw3 zomg edition VRAM slowly dying. All the 3060ti/70 are cool and fine all year since it's just DDR6.

Anyways, love the down times the best as that's where I make the most profits in the long run.

I think all the new ASICs mining eth are killing the profits

[SirBaron]

What do you mean dying? What were the clocks before and now?

Did you ever check the VRAM temps?

I know if they run at 110'c non stop, the cards will just literally die and stop working.

[Leprechaun]

What do you mean dying? What were the clocks before and now?

Did you ever check the VRAM temps?

I know if they run at 110'c non stop, the cards will just literally die and stop working.

GDDR6X is rated for 110C max I believe. The Asus runs like 90c the EVGA sameish. The Gigabyte eagle runs as hot as the sun even if you put custom pads. It constantly throttles still. Was just a matter of time before degrading. Same with 2 other cards. Only other time I experienced degrading silicon was my i5 2500k.. ran perfect for years and then all of a sudden had to keep lowering the overclock to avoid PC probs. It was expected.

[Riptide]

GDDR6X is fantastic fast but such a huge pita to deal with for mining applications. Half the cards have to be torn apart and get new thermal pads. Meh. At least with my AMD stuff the memory usually never pushes 70c and it just runs and runs never degrades.

I'm sure some of the difficulty increase is still due to miners using GPUs. I keep seeing people constantly buying more rigs and putting them on the network. It's insane with the merge coming up. I honestly think these people are morons. If the merge actually does happen, and it just may this time around, then they are screwed.

GPU resell value will swirl down the toilet bowl. ROI won't be possible for the ridiculous prices people are paying to get in now. They're just gonna lose money. Other coins will not be profitable without free power.

[Leprechaun]

Trust me it's mostly ASICS. The sheer quantity and power of them where you need like 40x 3080s to equal one.

Also, many profitable coins to mine. Sure once the hashpower from ethereum goes to them profitability will tank. I figure many will leave and it should balance out again.

Plain GDDR6 on 3060ti/70 runs cool. No degradation. Never had a crash

[KAC]

Payouts are down a lot. I am talking cold BTC (not $). I think it might be a good time to sell out the cards while they still have some value.

[SirBaron]

I've seen people who ran at 110'c memory kill their cards, I don't think the 110'c is for 24/7.

Mine run at 84'c.

[Leprechaun]

I've seen people who ran at 110'c memory kill their cards, I don't think the 110'c is for 24/7.

Mine run at 84'c.

Ya it would continuously throttle. Not healthy for the life of the card. The gigabyte eagle 3090 sucks. I just overclock a tiny bit to keep it at 103c. It's paid for itself twice so I'm not worried

[KAC]

My EVGA runs at 106 C average with a mild overclock.

[Leprechaun]

My EVGA runs at 106 C average with a mild overclock.

Both EVGA ftw3 gaming Uber super duper whatever 3090s I put mem +1200. One has run solid there over a year without a crash. 2nd card is down to +800 as it's been losing its overclock to heat/crashes. Their VRAM runs up to 104c

[KAC]

At 1200 mem my EVGA card craps out. Max I can do is 850 and 900 for benches. I keep it at 400 as I really want this card to last before the new ones come out.

[Leprechaun]

Intel just announced they will be making lower powered Bitcoin ASICs.

This schizzle just got real

[SirBaron]

Mining is dropping like a stone.

[KAC]

Everything is dropping like a stone. Lost $20K on stocks in 3 weeks.

[Leprechaun]

Everything is dropping like a stone. Lost $20K on stocks in 3 weeks.

No you didn't. That's just unrealized loss my friend
Mining is lowest since I started over a year ago

[Riptide]

If your plan is to hold onto it for a while it would be best if it completely craters into the toilet right now. That way it might shake out some of that hash power on the network so you may see better rewards for the last several months of eth mining.

For that to happen who knows how low it would need to go but I'm guessing well under 2000 and it would need to hold there for a while. Doubtful that will happen though so difficulty will probably stay high and continue moving up even in the face of downward price pressure.

[Leprechaun]

We are at $0.05 per megahash at the moment.
The worst it has been the last 12 months

[MaxSt]

https://twitter.com/technology/status/1483997494908444676

[Leprechaun]

El Salvador keeps buying the dip

[KAC]

Think it’s time to turn off the cards? Down to 12 bucks a day. Still profitable but not sure if I want to continue. Hash rate still quite up. FHR 3070s dropping everywhere for 1000 bucks now.

[Leprechaun]

I'm guessing it's down to about $0.04 or less per mh/s. It's not pretty. Your only hope is to keep the mined coin in hopes the value goes up in the future.

[badsykes]

This guy has so many expensive gpu's...

[yt]IIxE6grn5lM[/yt]

[MaxSt]

Think it’s time to turn off the cards? Down to 12 bucks a day.

That's in current bucks.

But what about 2024 or 2026 bucks...

[Leprechaun]

That's in current bucks.

But what about 2024 or 2026 bucks...

He's still thinking in terms of fiat and not crypto.
1 BTC still equals 1 BTC

[SirBaron]

That's in current bucks.

But what about 2024 or 2026 bucks...

0.01cent a day?

[Leprechaun]

0.01cent a day?

After over a year of mining all cards work, but 3 cards have now displayed weird behavior. To get the same Hashrate I have to change OC settings. This makes sense and is expected except sometimes that involves less juice/power. Wtf?

[SirBaron]

BTC payout still dropping.

[acroig]

BTC payout still dropping.

Like your post count?

[NIGELG]

Like your post count?

Like the tears of miners these days?

[SirBaron]

Like the tears of miners these days?

Seeing as I rarely post anymore (Discord Rage3D server FTW), that analogy means I cry one tear every few weeks?

I can live with that

[Leprechaun]

Not sure why Nigel hates miners. Crypto out here giving him his financial card to freedom and he laughs.

Mining is still very profitable.

[NIGELG]

Not sure why Nigel hates miners. Crypto out here giving him his financial card to freedom and he laughs.

Mining is still very profitable.

I don't hate miners but they are killing the video card gaming market.

[acroig]

Nigel, I warn you that Curio monitors this forum and he's not as "understanding" as I am.

[KAC]

His name is Nigel. Wow, I have been reading Nigleg all this time. I was like it is a play on that other profane word…

[Riptide]

Nigel, I warn you that Curio monitors this forum and he's not as "understanding" as I am.

It's ok. We'll play nice.

We don't hate Nigel even though he blames us for destroying the human race.

[NIGELG]

Nigel, I warn you that Curio monitors this forum and he's not as "understanding" as I am.

I will cease and desist in this section of the forum .