Any CPU mining worth the cost of electricity? What about Helium and Helium miners?

PaulieG · May 24, 2021

I'm pretty much a complete noob with anything crypto. I have no interest in GPU mining whatsoever for so many reasons I won't get into here. However, I am curious. Is there anything out there that is CPU only and profitable after electricity costs? Also, what about Helium and helium miners? Are the miner machines likely to be worth the investment? I have done some research, but much of this stuff still makes me dizzy.

Vya Domus · May 24, 2021

XMR is the only coin that I know of which can technically be profitable by CPU mining. Actually, it can really be only mined by CPU. But unless you have a really high core count CPU with very high AES performance it's probably not worth it.

PaulieG · May 24, 2021

Vya Domus said:
XMR is the only coin that I know of which can technically be profitable by CPU mining. Actually, it can really be only mined by CPU. But unless you have a really high core count CPU with very high AES performance it's probably not worth it.

Currently have 3 i9 10850k's and a 5950x with another 5950x coming in 2 weeks. Would that suffice?

xkm1948 · May 24, 2021

bitcointalk.org would be a good place to start your research. Go to the altcoin mining sub directory. Glancing over the first page shows someone also asked similar question. Look up "LuxCoin or Verus"

lexluthermiester · May 24, 2021

PaulieG said:
Is there anything out there that is CPU only and profitable after electricity costs?

Vya Domus said:
XMR is the only coin that I know of which can technically be profitable by CPU mining. Actually, it can really be only mined by CPU. But unless you have a really high core count CPU with very high AES performance it's probably not worth it.

This. I'm fairly certain this is what GerKNG was giving his answer to.

xkm1948 said:
bitcointalk.org would be a good place to start your research. Go to the altcoin mining sub directory. Glancing over the first page shows someone also asked similar question. Look up "LuxCoin or Verus"

This also.

GerKNG · May 24, 2021

PaulieG said:
I asked multiple questions here. This is pretty much a worthless answer.

i literally just answered all of them.

Edit:
Thanks for deleting my comment and flagging this here for no reason at all. :confused:

dark2099 · May 24, 2021

@PaulieG To answer your question about CPU mining, not worth it. Each of those chips likely will pull ~130w, maybe more, but that's what my 5900x reads out in HWINFO when I've tried CPU mining, and will earn you probably maybe a quarter of GPU pulling the same power.

PaulieG · May 24, 2021

So, what about Helium mining? Anyone familiar with helium and helium miner rigs?

R-T-B · May 24, 2021

I'm afraid I've never heard of helium. I'll read about it later today and give you my "years late hot take"

Toothless · May 24, 2021

What if it was server chips to mine on cpu? I would think a 2680v2 could be profitable at 100w full load.

dark2099 · May 24, 2021

Toothless said:
What if it was server chips to mine on cpu? I would think a 2680v2 could be profitable at 100w full load.

Possibly better, but would need a crazy high core count for Intel. From what I've seen trying CPU mining on both AMD and Intel, AMD will use all the logical threads, Intel only physical cores, and when you set to run all logical threads on Intel, would reduce profits.

lexluthermiester · May 24, 2021

PaulieG said:
So, what about Helium mining? Anyone familiar with helium and helium miner rigs?

Are we talking about actual Helium, as in the element He? Or is this a new cryptocoin?

dark2099 · May 24, 2021

lexluthermiester said:
Are we talking about actual Helium, as in the element He? Or is this a new cryptocoin?

https://www.helium.com/mine

lexluthermiester · May 24, 2021

dark2099 said:
https://www.helium.com/mine

That's just crazy enough to be interesting...

Toothless · May 24, 2021

dark2099 said:
Possibly better, but would need a crazy high core count for Intel. From what I've seen trying CPU mining on both AMD and Intel, AMD will use all the logical threads, Intel only physical cores, and when you set to run all logical threads on Intel, would reduce profits.

Well. That would be 20 cores to sit on. Probably not worth it in the end.

PaulieG · May 24, 2021

lexluthermiester said:
That's just crazy enough to be interesting...

A local guy who recently bought a 3900XT told me about it. Thing is, the miner rigs are totally sold out with waiting lists of 3 months or more from the 3 companies that make the helium miners. The things that attract me to it is it's "green" mining and you can make more money up to a point if you partner with others as "witnesses" to grow the network.

R-T-B · May 24, 2021

lexluthermiester said:
That's just crazy enough to be interesting...

It's ideas like that that reassure me crypto still has some possible positive potential...

Certainly interesting.

lexluthermiester · May 24, 2021

R-T-B said:
It's ideas like that that reassure me crypto still has some possible positive potential...

Certainly interesting.

I'll agree with that.

R-T-B · May 24, 2021

I invested ~$100.00 in helium today. I'll say the following about it:

1.) The tech and ideas behind it are very cool, hence my investment. The radio range too gives me hope it might actually work to create a sort of decentralized user-run internet, which would be super awesome.

2.) The token itself (HNT Or Helium Token) is hard to get right now. I had to setup a binance.us account as they are the only exchange that will trade it that I can find and that was... not exactly a walk in the park. Probably because of the recent SEC actions, they are being SUPER skeptical of American users right now.

It netted me around 8 HNT. I could lose everything, but I am always willing to watch innovative tech with a small "high risk" investment.

Pretty cool all in all, but needs to make the coin more accessible (if to be used as a decentralized internet, they eventually need a simple credit-card to HNT bridge as an example).

Do NOT take this as investment advice, obviously. I'm a frog, for pete-sake.

lexluthermiester · May 24, 2021

R-T-B said:
Probably because of the recent SEC actions, they are being SUPER skeptical of American users right now.

And there a big part of the reason cryptocoin is crashing.

R-T-B · May 24, 2021

lexluthermiester said:
And there a big part of the reason cryptocoin is crashing.

Yeah. It wasn't thrilling having to have an account with them at all frankly, but I wanted to see where Helium goes. It's sort of a "one and done" account tbh.

What I had to do to get an account:

Take a photo of my state ID front and back.

Submit a selfie to ensure it matched ID.

Use my phones depth sensor to confirm it was a real face and not a photo (could not upload a simple image of myself, had to be a selfie from a phone with a depth sensor).

Submit a pdf bank statement with proof of residence (address on it, essentially).

By the time it was done I just wanted to go to sleep.

I trust them enough to know they are not going to sell my details but damn, where do I put my drop of blood? I was ready at that point.

lexluthermiester · May 24, 2021

R-T-B said:
Yeah. It wasn't thrilling having to have an account with them at all frankly, but I wanted to see where Helium goes. It's sort of a "one and done" account tbh.

What I had to do to get an account:

Take a photo of my state ID front and back.

Submit a selfie to ensure it matched ID.

Use my phones depth sensor to confirm it was a real face and not a photo (could not upload a simple image of myself, had to be a selfie from a phone with a depth sensor).

Submit a pdf bank statement with proof of residence (address on it, essentially).

By the time it was done I just wanted to go to sleep.

I trust them enough to know they are not going to sell my details but damn, where do I put my drop of blood? I was ready at that point.

Yeah, I would have given them the two fingered salute rather than jump through all of those silly hoops..

R-T-B · May 24, 2021

lexluthermiester said:
Yeah, I would have given them the two fingered salute rather than jump through all of those silly hoops..

It was like a bad movie though, I just had to get through it to see the end...

I like the idea but accessibility right now for the token is piss-poor to say the least.

That's my hot-take.

Hemmingstamp · May 24, 2021

lexluthermiester said:
Yeah, I would have given them the two fingered salute rather than jump through all of those silly hoops..

What froggy was saying will be the norm in the very near future Lex. Mark my words.

lexluthermiester · May 24, 2021

Hemmingstamp said:
What froggy was saying will be the norm in the very near future Lex. Mark my words.

I'm sure it will. Doesn't mean I'm going to tolerate it..

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Any CPU mining worth the cost of electricity? What about Helium and Helium miners?

PaulieG

Vya Domus

PaulieG

xkm1948

lexluthermiester

GerKNG

dark2099

PaulieG

R-T-B

Toothless

Tech, Games, and TPU!

dark2099

lexluthermiester

dark2099

lexluthermiester

Toothless

Tech, Games, and TPU!

PaulieG

R-T-B

lexluthermiester

R-T-B

lexluthermiester

R-T-B

lexluthermiester

R-T-B

Hemmingstamp

lexluthermiester

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