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Riding the Crypto wave

Discussion in 'Project Logs' started by cdawall, May 31, 2017.

  1. notb

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    It was $2000 just 2 months ago. What's the matter with you people? :)
    It is "buy low, sell high". And it isn't low yet. Wait for $1500.
     
  2. R-T-B

    R-T-B

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  3. Knoxx29

    Knoxx29

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    That's what i meant.

    Buy low = buy now
    Sell high = sell later
    :slap:
     
  4. de.das.dude

    de.das.dude Pro Indian Modder

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    Hi.. I lost my wallet with 0.76BTC..

    would it be worthwile to mine on my present system?? i have a HD 7790 and a FX8320?
     
  5. notb

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    An assumption that BTC price could already be considered low (at $2000) is pretty optimistic. Once again: this is a price we had just 2 months ago. At the end of 2016 it was under $1000.
     
  6. Knoxx29

    Knoxx29

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    $2000 it is not low but if it goes under $1700/$1600 then wouldn't be a bad time to buy and sell it later.
     
  7. hat

    hat Enthusiast

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    What are the dangers of mining on a GPU, honestly? It can't be any worse than running folding@home? I don't recall seeing many people saying their folding cards died...
     
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  8. cdawall

    cdawall where the hell are my stars

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    Most GPU miners don't give a rats ass about artifacts as long as the clocks are stable. A lot of cards end up with bad memory.
     
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  9. EarthDog

    EarthDog

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    mamy cards have died folding. Many cards have died mining as well.
     
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  10. yotano211

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    I've had 4 die on me for mining, i clocked the memory too high for long periods. I RMA'ed them.
     
  11. theoneandonlymrk

    theoneandonlymrk

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    For me i used 8 maybe 9 cards folding and all lived on until thoroughly useless or are still in use, cant really say what mining will do but low temps helps and i cool them adequately so ill get a few years out of them ,my 480(580bios+) have never been above 56 and their vrms never above 70 ,that kind of cooling does wonders for longevity even at max stable clocks though obviously you don't mine at max

    Err and mamy cards , funny if odd:)
     
  12. hat

    hat Enthusiast

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    Sounds like the result of less than proper overclocking. I've clocked mine up for very short periods of time, thinking about how I can earn more with higher clocks... then I reset to stock because I don't want to risk losing my cards to overclocking, nor do I feel like taking the time to do it properly. I know about temps too, which is why I set a really aggressive fan curve. It starts out at 40%, then up to 80% at 50c, and 100% at 60c. My cards usually hover around 70c at 100% fan speed now. I don't have the greatest cooling with these blower style coolers, so, yeah... Kinda wishing I would have paid a little more for the one with the better cooler, but what's done is done and the card itself is more or less the same anyway.

    If there was an easy way to clock both cards at the same time the right way, I might consider it, but easy way and right way rarely coexist.
     
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  13. Knoxx29

    Knoxx29

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    Does your mamy folds:confused:
     
  14. yotano211

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    The ones that died where crap anyways. The memory did not overclock that high. The ones that died where all Nvdia 1060 3gb, memory overclock on those averaged 200-300mhz on the memory, the rest of the 1060s are at 550mhz overclock.
     
  15. EarthDog

    EarthDog

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    The autocorrect on my phone doesn't work well... ok, at all. And Im lazy. :)
     
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  16. de.das.dude

    de.das.dude Pro Indian Modder

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    since no one is replying. ill latch on to you :p

    can i mine worthwile on my HD 7790? its a ghz one with good clocks.


    also any good way to get started?
     
  17. notb

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    Get a different GPU. You won't make a profit with this one.
     
  18. de.das.dude

    de.das.dude Pro Indian Modder

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    :(

    no decent GPUs are available in my country ATM. AMD were always out of the question, as very few stock came here.

    what about a GTX 1060??
     
  19. Vya Domus

    Vya Domus

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    Will you make a profit ? Yes. Is it worth it ? Probably not.

    Just for reference I have a 1060 and I made a quick estimate and right now I would make about 600$ a year in ETH. That is with the current situation and without factoring in what I paid for the card. Not to mention that I'd have to run the card 24/7.
     
    Last edited: Jul 18, 2017
  20. notb

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    If you really insist on mining, you can check here:
    https://www.nicehash.com/?p=calc
    The list of equipment is somehow limited, but fairly OK for latest GPUs.
    7790 is not listed, so I assumed performance around ~60% of 7870, resulting in negative cashflow.

    Basically, you have to consider just how bad this moment is to get into mining. Cards are still expensive because of the profitability explosion we've had in June (the one that, as I'm sure, has drawn you to this idea). At the same time profitability is more or less on a level we've seen in early 2017 - when hardly anyone cared about mining...

    India has pretty cheap electricity, but if cards cost as much as in Europe, you're looking at ROI > 1 year. And since this is (I assume) your main desktop, 24/7 mining seems unlikely.
     
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  21. cdawall

    cdawall where the hell are my stars

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    Joining now probably won't be the best time let bitcoin crash one or two more times so the speculators get out
     
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  22. verycharbroiled

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    yeah this seems to be a good time to coast and HODL.
     
  23. theoneandonlymrk

    theoneandonlymrk

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    Finally got 3x580s I've had on preorder nearly a month and a half , it is quite tempting to put them on ebay but i quite like the look of these saphire pulses :).
     
  24. hat

    hat Enthusiast

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    Anyone see about that McAffe guy thinks bitcoin is gonna be worth 500k in 3 years? Personally I think that's a bit on the high side.
     
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  25. Vya Domus

    Vya Domus

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    That guy himself looks to be on the high side :roll:
     

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