Riding the Crypto wave

[verycharbroiled]

[keeping mining on the daily driver at low power in the day, full power at night]

Is this a flat or a house? Because I tend to think that the living room is right behind the wall.
Also, have you considered just making the PC quieter? You don't have to spend much more to achieve that and the benefits are pretty significant (and fairly quantitative if that lets you do more mining).

house. living room on main floor, bedrooms upstairs. so we cant hear it from the bedroom.

the daily driver is a NZXT H2 "silent" case with sound deadening panels and even with 5 120mm fans it still has to ramp them up to keep the 390 cool when its at 100%. the 390 can draw like 250-300 watts mining full tilt. i could lower the fans a bit as card temps really arent too bad at load (60-65C) but hey since we dont hear it i let them run up to full.

its not really that loud at full load (the basement rig is loud; couple 120mm deltas on that one), but it is the living room so we prefer it quiet.

 

[BATOFF3]

Thanks for the tip but that literally put it down in the teens, so worse

Try "4" then

 

[INSTG8R]

Yeah that's better...

 

[notb]

Yeah that's better...

The CPU figure is in line with what one should expect (based at e.g. nicehash calculator).
The GPU figure is somehow low. It should be making over 3 times as much.
Can you check the GPU load?

 

[silkstone]

Yeah that's better...

Is that with Minergate?

I got a really low hashrate with that program too and so dropped it.

 

[CAPSLOCKSTUCK]

Plop

 

[hat]

1080/1070/1060 for sale in the EU

Isn't that a little... shortsighted? You haven't been in the game very long. Maybe you'd rather ride this out and see where it goes.

 

[notb]

Isn't that a little... shortsighted? You haven't been in the game very long. Maybe you'd rather ride this out and see where it goes.

What you're suggesting is literaty one of the worst mistakes beginning investors make.
Please don't do it.

 

[cdawall]

What you're suggesting is literaty one of the worst mistakes beginning investors make.
Please don't do it.

All of his cards are profitable to both sell or mine at this point. Keeping mining or selling the cards are both fine options.

 

[notb]

All of his cards are profitable to both sell or mine at this point. Keeping mining or selling the cards are both fine options.

How do you estimate whether mining is profitable or not?

 

[hat]

My guess is with this
https://www.nicehash.com/?p=calc

What you're suggesting is literaty one of the worst mistakes beginning investors make.
Please don't do it.

How so? Bitcoin, and other cryptocurrencies, all go up and down. When the prices shot up recently everybody lost their minds (admittedly it was this thread that drew my attention) but now that they're going back down again it seems a lot of people want out. Personally, I haven't even got a chance to get started yet since I made my order on the 19th of June, but once I do get in I plan to stay in for the long haul.

 

[cdawall]

How do you estimate whether mining is profitable or not?

Math is typically a good start

 

[dorsetknob]

How do you estimate whether mining is profitable or not?

simple answer
"If your making more money than its costing you to mine = Profit"

 

[silkstone]

I'm going to try and hold on to what I mine until at least 2020. I'll likely continue mining even if it breaks even (or worse).

 

[dorsetknob]

I'm going to try and hold on to what I mine until at least 2020. I'll likely continue mining even if it breaks even (or worse).

Not saying it would happen but todays ( near timescale ) mining losses just might be profit in 18 to 24 months time if your prepared to risk all by continuing.

or 18 to 24 months time you just might be thats the risk of Speculating

 

[hat]

It seems like everybody and their brother jumped on when BTC blew up to 3,000, and now it's normalizing and a lot of people want out.

This is going to be a short term money maker for me, but it's also a long term investment.

 

[silkstone]

Not saying it would happen but todays ( near timescale ) mining losses just might be profit in 18 to 24 months time if your prepared to risk all by continuing.

or 18 to 24 months time you just might be thats the risk of Speculating

Not much risk past the electricity cost really.
When mining, the 1080 is clocked low and runs at 65C.

It either goes up, or it doesn't and I am good with both of these scenarios.

The one I would not be happy with us if it goes up, but I hadn't bothered mining anything (again).

 

[xrealm20]

Welp my Fury hates Ethereum. BSOD or just a full on reset. So I’m mining Monero. If someone has a better suggestion I’m all ears.

I've heard that zec (equihash) does well w/ fury's. Might want to give that a try.

 

[cdawall]

I've heard that zec (equihash) does well w/ fury's. Might want to give that a try.

It isn't any better than ethereum.

 

[notb]

My guess is with this
https://www.nicehash.com/?p=calc

These are just some numbers. Do you know how they're calculated? How do you use them?

How so? Bitcoin, and other cryptocurrencies, all go up and down.

That's like saying cars crash or don't crash.
If you treat this as a random-walk system (i.e. it just fluctuates), then the expected value in the future is what you have now.
So are you OK with current levels of profitability?

And if you add any fundamentals to this equation, then you quickly notice that really nothing happened since end-of-2016 that could result in this surge of price we've seen in 2017. And if BTC goes back to the price we had in January (~900$) or even April ($1200) then it's game over: most cards aren't even making a profit, the most efficient ones have hardly any sense either - you'd be better of investing in a fund or something.

When the prices shot up recently everybody lost their minds (admittedly it was this thread that drew my attention) but now that they're going back down again it seems a lot of people want out. Personally, I haven't even got a chance to get started yet since I made my order on the 19th of June, but once I do get in I plan to stay in for the long haul.

Why do you want to keep mining (or rather start it)? I mean: if this thread drew your attention, it suggest that you wouldn't get into mining with the profitability it offered few months ago. So why stay in this now, when we're slowly going back to that situation?
Also, how is it even possible that you've been waiting so long for your GPUs? You've ordered a thousand of them or what?

Math is typically a good start

That is very brave for you to say, considering what was happening in this thread just month ago:
"All I know is it is free money to me that goes into my bank account in USD. LOL"
"Well BTC is up over $2800 again. Pretty rough on the risk, just had over $300 dumped into my accounts from this lol."
"I have no real risk other than time into this...LOL"
A lot of LOLs here.
I bet not many people that jumped into mining in June are LOL-ing now. Especially those who used to think this way:
"You get roughly 100% return of your investment in two months, and we are discussing risks." @r9

Not saying it would happen but todays ( near timescale ) mining losses just might be profit in 18 to 24 months time if your prepared to risk all by continuing.

In 18-24 months the cards you have today will most likely be too weak to make a profit.
And buying stuff is easy when you have large in-flows (like in June), but not when you've had no profit from mining for a year.
And lets be honest: if you bought a GPU in early June (when this thread started), you'd still be weeks from actual profits (as at that point typical ROI was about 60 days).
But if you bought a GPU at the end of June, you could be looking at ROI way past 12 months.

 

[cdawall]

That is very brave for you to say, considering what was happening in this thread just month ago:
"All I know is it is free money to me that goes into my bank account in USD. LOL"
"Well BTC is up over $2800 again. Pretty rough on the risk, just had over $300 dumped into my accounts from this lol."
"I have no real risk other than time into this...LOL"
A lot of LOLs here.
I bet not many people that jumped into mining in June are LOL-ing now. Especially those who used to think this way:
"You get roughly 100% return of your investment in two months, and we are discussing risks." @r9

Just because I am a smartass doesn't mean I have not done the math.

Calculate out USD per day, work out electricity cost and most people at that point would work out profit. I still make about $300-400 a week electricity is still only $300 a month (I did adjust my rigs for lowest overhead power and I can still get better on it, but this functions)

There still isn't that much risk if you can get in at a sane price. 1080ti is probably the best value card with just over 100 days ROI. Midrange went to a garbage coat and isn't really worth it.

 

[Delta6326]

Just thought I would say my 1080 Ti now down to $2.53/Day Nicehash

 

[notb]

Just thought I would say my 1080 Ti now down to $2.53/Day Nicehash

Adjusted for electricity cost?
Currently power draw for 1080Ti will consume from around 30% of revenue (in US - cheap electricity) to 75% (e.g. Germany).

Current stats @nicehash (assuming: 35 USD/kWh and card price 1100 USD)
Income: 2.77 USD / day
Power costs: 2.07 USD / day
ROI: 319 days

 

[hat]

@notb
I don't 100% know everything about the Nicehash calculator, I just know you can select common models from a drop-down list, which fills in performance values for compatible algorithms for that hardware. Those values are then calculated with the current rewards (coin prices, etc) to estimate the amount of money you'll make per day. Am I OK with current profitability? Well, my 1070s will be making $2.26/day at this rate, which isn't nearly as much as when I ordered them. I'm OK with that, but I'd much prefer making $5/day on each card like I previously thought... but the market can go up or down. It's a risk, and I knew that. I've been waiting so long... why? Hard to say. I ordered from Dell, because I have credit there. I should have had my cards already, but nope. The promised day (the day they were supposed to ship out) came and went and I contacted Dell and they said they were backordered. I'm now looking at an estimated delivery date of July 18. The last time mining was big I just didn't pay much attention to it... but since this thread was created it's been brought to my attention and I saw an opportunity to earn some money, so I jumped in.

Has anyone done any CPU mining? My i5 2400 gets roughly 18 cents/day at 111.2 H/s (CyrptoNight). Seems pretty pathetic. I wonder what more powerful CPUs could hit.

 

[cdawall]

Adjusted for electricity cost?
Currently power draw for 1080Ti will consume from around 30% of revenue (in US - cheap electricity) to 75% (e.g. Germany).

Current stats @nicehash (assuming: 35 USD/kWh and card price 1100 USD)
Income: 2.77 USD / day
Power costs: 2.07 USD / day
ROI: 319 days

Current stats in a country that doesn't suck and a card properly setup.

$3.20 a day .38 power cost and a net profit of $2.82 per day on a 124 day return. Mind you this is a tweaked card with 198w power consumption, overclocked memory and a cost of $649.99.

Its 8 cents a kw/h here.