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Bitcoin price suddenly surges to 3-year high

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I'm getting about 55 to 60 on my 3070 tuf undervolted, picked up a gigabyte 3080 also but gave not installed it.

your 3080 should produce 85 to 90..

trog
 
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I haven't even tried the 3080 yet, gonna try it by the end of the week.
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phill

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Benchmark Scores I've actually never benched it!! Too busy with WCG and FAH and not gaming!! :( :(
I'd love some 3 series cards, but I can't see anything that's completely over priced and I'm not paying more than I have to... If they have a sale on, I best make sure the credit card is away!! lol

The 4 480's (total of 6), the 2 1080 Ti's I've got going on is giving me about 165MH/s which for older cards isn't too bad. I've a pair of 295 X2's, a 5700XT and a 1070 not doing much at the moment. I did have another 1080 Ti, but I gave that too a mate, but I might ask him to join in! lol That one is water cooled so temps will be nice and chilled :)
 
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I'd love some 3 series cards, but I can't see anything that's completely over priced and I'm not paying more than I have to... If they have a sale on, I best make sure the credit card is away!! lol

The 4 480's (total of 6), the 2 1080 Ti's I've got going on is giving me about 165MH/s which for older cards isn't too bad. I've a pair of 295 X2's, a 5700XT and a 1070 not doing much at the moment. I did have another 1080 Ti, but I gave that too a mate, but I might ask him to join in! lol That one is water cooled so temps will be nice and chilled :)

what is it you all are mining, ethereum?
 

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Benchmark Scores I've actually never benched it!! Too busy with WCG and FAH and not gaming!! :( :(
what is it you all are mining, ethereum?
I'm using Nicehash for the moment, I'm going to be mining Eth as a mate and I are going to get a script going like we did before and see how that goes... I hope that we'll be able to get a few coins in but we'll see :)
 
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nicehash is mining eth it just converts it to bitcoin..

but as has been said before assuming people are not cashing out straight away its all about tomorrows prices and not todays.. which will go up the most bitcoin or etherium.. ??

for what its worth my nicehash hashrate has dropped significantly over the last day or so.. maybe by around 25%

trog
 

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Benchmark Scores I've actually never benched it!! Too busy with WCG and FAH and not gaming!! :( :(
nicehash is mining eth it just converts it to bitcoin..

but as has been said before assuming people are not cashing out straight away its all about tomorrows prices and not todays.. which will go up the most bitcoin or etherium.. ??

for what its worth my nicehash hashrate has dropped significantly over the last day or so.. maybe by around 25%

trog
I haven't noticed a difference in the hash rate Trog, what's happened to yours?? I've just had two 480's going on so far I'm trying to get an idea of power useage and pay out from the two cards (which I know is not going to be thousands or even hundreds, I'm not disillusioned) :)
 
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I haven't noticed a difference in the hash rate Trog, what's happened to yours?? I've just had two 480's going on so far I'm trying to get an idea of power useage and pay out from the two cards (which I know is not going to be thousands or even hundreds, I'm not disillusioned) :)
Yeah my 3070's hashrate has stayed pretty constant the last 3 days or so. Only blip was the rejected shares yesterday but a restart fixed that and it only affected EU servers.
 
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I'd love some 3 series cards, but I can't see anything that's completely over priced and I'm not paying more than I have to... If they have a sale on, I best make sure the credit card is away!! lol

The 4 480's (total of 6), the 2 1080 Ti's I've got going on is giving me about 165MH/s which for older cards isn't too bad. I've a pair of 295 X2's, a 5700XT and a 1070 not doing much at the moment. I did have another 1080 Ti, but I gave that too a mate, but I might ask him to join in! lol That one is water cooled so temps will be nice and chilled :)

Definitely get that 5700xt in your mining rig. If you replace a 480, you could get close to 200 MH/s...
 

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Definitely get that 5700xt in your mining rig. If you replace a 480, you could get close to 200 MH/s...
I'll have a separate rig for the 5700XT :) Been looking at a couple of them to replace the 480s at some point, but that's a future plan which I'm not in a rush to go and do anything about yet lol :)
 
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I'll have a separate rig for the 5700XT :) Been looking at a couple of them to replace the 480s at some point, but that's a future plan which I'm not in a rush to go and do anything about yet lol :)

True, but you should get it up and running asap to take advantage of the current situation.
 

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Benchmark Scores I've actually never benched it!! Too busy with WCG and FAH and not gaming!! :( :(
If I had the time!! :laugh: I'm hoping to get somewhere with it this weekend but we'll see..... lol
 
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my 3080 was only getting 84mh/s with the stock bios but after flashing the asus tuf bios i get 90-93 now for some reason?
 

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Benchmark Scores I've actually never benched it!! Too busy with WCG and FAH and not gaming!! :( :(
my 3080 was only getting 84mh/s with the stock bios but after flashing the asus tuf bios i get 90-93 now for some reason?
Impressive :) Did you manage to get a lower power usage with the card being flashed at all? :)
 
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This is getting pretty wild.
CoinRanking-[21-01-13].jpg

So much for GPU's being a decent price this year... Ethereum is skyrocketing making GPU mining yields viable once more. Let's all cross our fingers that they change the algorithm again to make GPU usage useless.
 
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I may just pre order a gigabyte 3070 Eagle as it's $730 CAD (so MSRP for us Canucks) before things get out of control.
 
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Screenshot 2021-01-13 222331.jpg


Is nicehash the only one? Seems pretty bad payout. $5~$6 per 24h for a single 3090
 
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View attachment 183940

Is nicehash the only one? Seems pretty bad payout. $5~$6 per 24h for a single 3090

I think the idea is that the price will continue to go up, so that what you mine now will be worth more than you realize right now, so mine and hodl is the idea I think. I'm still debating if I want to mine or not, I don't want to shorten lifespan of my rx 6800, as I love gaming... so yeah. Don't think I will.
 
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View attachment 183940

Is nicehash the only one? Seems pretty bad payout. $5~$6 per 24h for a single 3090
You'll want to limit your power to about 300W though and also do a hefty memory OC to actually get profit. You're about 15MH/s shy of what you should be getting, and using 40W more than you should. My 3070 profits about $4 per 24H (49% power limit [117W], -502 core and +1200 mem)

A 3090 is the 'best' card for mining right now just pure performance-wise, but at $2000+ it's not good per dollar. The people actually profiting are using multiple lower end cards like the RX580 8GBs (or ASICs). A set of 6 of those is about 100*6= 600W of power usage. At 31MH/s each 6 of them equates to about 186MH/s, which is almost 2x that of the 3090, and at about $300 a pop they're still cheaper than a 3090. Depending on electricity costs they might be a lot more worth it compared to a 3090 (which is rated at 300W for max efficiency according to Nicehash).

The best card right now seems to be the 3060 Ti as you can get about 110W from one card and it outputs almost 60MH/s (so 2x of these should equal a max efficiency 3090, at half the cost and less power usage!). At my electricity costs of about 0.03 USD/KWh, the ROI of one 3060 Ti is just over half a year. After that it's about $120 profit per month. I've got two of these cards pre-ordered and should be coming in next month. The 3060 might become an enticing option if the MSRP actually is upheld somewhat (doubtful), but the limited memory bandwidth might mean a significant reduction in hashrate, so we'll have to see.

Nicehash isn't the only option btw. You could always actually mine (nicehash isn't technically mining) coins yourself. Nicehash is usually the 2nd best payout though out of all GPU mining-related activities, depending on the GPU, and it's by far the easiest and most user-friendly setup.
 

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View attachment 183940

Is nicehash the only one? Seems pretty bad payout. $5~$6 per 24h for a single 3090
There's other pools you can mine from, I'm waiting for my mate to setup one so we can move over to them as I think they'll have better payouts as Nicehash takes a slice each payout.

Also, definitely limit your power and tweak the card :) Maximise the profit if that's what you wish to do with it. Don't try and max overclock it, just let it claimly plod along, save the card, save your electric and earn a little whilst your doing it. Balls the wall max speed and such, will only end badly under a 247 load like this.. Exactly the same way I do things for WCG and FAH, relax the cards settings, limit the power and let it plod... There's no rush... :)
 
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I
View attachment 183940

Is nicehash the only one? Seems pretty bad payout. $5~$6 per 24h for a single 3090

The actual payouts on nicehash are better since there are profit spikes. Plus their integration with coinbase helps save with cashing out when you need to. They've done a good job winning me back since the 2017 hack.

If you plan on HODLing, then look into mining directly.
 
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if you already own the hardware mine with it by all means but dont waste money buying it.. just buy some eth and watch it go up.. :)

back in 2017 i spent £4000 building a mining machine.. i mostly did it for fun but if i had have spent that 4K buying one single bitcoin that one bitcoin would now be worth 40 k..

i currently own roughly 1/3 of a bitcoin.. mined back in 2017/18.. it now worth about 13k.. i would far sooner own one whole bitcoin now worth 40k..

i did buy some eth and lite coin back then.. i spent about 7K.. that is now worth about 18k..

i currently have 1 x 2080ti and 8 x 1070 running nice hash.. collectively they are bringing in roughly 20 dollars per day.. not bad for doing nothing but it does look a bit silly when i see my eth stash going up by 2k a day.. it did just go down by 2k a day but its now back up.. he he

one eth now costs roughly $1200 dollars.. a couple of weeks back it was worth 600 dollars.. as i have said just buy the coin.. mining is fun but thats about all..

trog
 
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My settings was mostly for my cuda work load, that is with 450watt power limit lol.

Guess I should try again with vram speed dialed up and power limit dialed in around 300watt.
 
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there is no reason to assume bitcoin or etherium have reached their cap.. i think both of them will go much much higher..

as for the good old dollar.. massive money printing "stimulus" will destroy its value.. big money is moving into bitcoin and etherium.. its seen as hard money that cannot be destroyed by central banks or governments.. the US government is busy printing the dollar into oblivion and it ant gonna stop.. as the dollar dies bitcoin will grow..

how much it grows is anybodies guess.. some say an awful lot.. i tend to agree with them..

trog
 
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It will not stay in that range for long. IMO I would not be surprised if BTC hits 60k by year end.

Lobbyist will form in favor of BTC and essentially "buy" the government officials so they representative can get their slice of the pie. Because sadly that is the way the world works unless you actually believe our elected representatives really care about us and would never take a bribe...I mean a fat check from Lobbyist to fund their "campaign. Besides the Federal Reserve is the biggest scam ever against the American people. Imagine a non-gov entity with the sole responsibility of prinint money for profit and that's the FED Reserve. (Ownership: Controlled by member private banks but not "owned by anyone".)
 
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