Bitcoin Mining / Coin Mining Discussion / FAQ

[Leetpro]

At R100 per day income, difficulty increase, i dont see you making a profit.
See attached pictures of the maths WITHOUT power usage and WITHOUT a PSU cost.

Also please not that this is IF bitmain dont release another miner 4 x faster than the current machine (like in the past) during the next 326 days, then the difficulty will jump much higher.
(My price is based on the machine price, shipping and import tax)

But if you really really want one I can help you import at cost + 5% fee







http://www.vnbitcoin.org/bitcoincalculator.php


Can you please provide your math on how you will make a profit [MENTION=23225]eagle2k[/MENTION] ?

 

[eagle2k]

Yeah so I did the math. For it to be worth my time Ill need to buy 12 x s9 or t9 machines

Sent from my LG-H990 using Tapatalk

 

[Leetpro]

Yeah so I did the math. For it to be worth my time Ill need to buy 12 x s9 or t9 machines

Sent from my LG-H990 using Tapatalk

How does the qty make it better ?

 

[eagle2k]

Better chance of completing a block

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[hof27]

Will an 850w platinum psu be enough for 6*1060 running 24/7..Google says yes but I'm hoping to get feedback from someone currently using the same setup.

Sent from my F3311 using Tapatalk

 

[megustav]

Will an 850w platinum psu be enough for 6*1060 running 24/7..Google says yes but I'm hoping to get feedback from someone currently using the same setup.

Sent from my F3311 using Tapatalk

If you unlock full usage with dual Mining you will use close to 120W per card. If you limit the power and don't dual mine you use 70W per card.

Sent from my LG-H840 using Tapatalk

 

[Herbert]

I don't understand the difference between Litecoin and Bitcoin. Can someone explain me?

 

[Pyro]

I don't understand the difference between Litecoin and Bitcoin. Can someone explain me?

Not part of this thread, so might be answering the wrong question...

Basically they're like dollars and pounds.
They function very similarly but are separate 'currencies'.

Sent from my SM-G930F using Tapatalk

 

[Dollos]

Will an 850w platinum psu be enough for 6*1060 running 24/7..Google says yes but I'm hoping to get feedback from someone currently using the same setup.

Sent from my F3311 using Tapatalk

Yup you can and it will be fine even with dual mining, limit the 1060s to powerlim 70 using afterburner. prob one of the best cards for mining them 1060s, best power/money/hash ratio

 

[Tunechi_101]

I am currently mining BCH, however there has been such a drop in the profits, Can anyone recommend a stronger Crypto to mine now?

Also my Hashrate averages around 13.5T per day is that normal? with a PPS Profit of 0.0055 daily average, is that normal?

 

[raymonddewet218]

Could you possibly help with changing thermal pads on my gigabyte 3090 ?

 

[Joubs]

Hi Guys

I am new to mining, tried my hand a couple of years ago but have always found it interesting.

I have a bit of capital available and this seems worth while.

Do you guys actually make money? I.e if I setup a 6 card rig what can I expect pre and post elec per month (I know that is influenced by btc price and exchange rates).

Can I use a normal motherboard assuming it has enough pci slots and what card would you recommend. Seems like most new cards are lhr… is there a way around that.

Lastly, what about a service like NiceHash … seems easy but how much profit am I giving up?

Thanks

 

[Confucius]

Hi Guys

I am new to mining, tried my hand a couple of years ago but have always found it interesting.

I have a bit of capital available and this seems worth while.

Do you guys actually make money? I.e if I setup a 6 card rig what can I expect pre and post elec per month (I know that is influenced by btc price and exchange rates).

Can I use a normal motherboard assuming it has enough pci slots and what card would you recommend. Seems like most new cards are lhr… is there a way around that.

Lastly, what about a service like NiceHash … seems easy but how much profit am I giving up?

Thanks

I think you are a little too late to this party. 6 months or a year ago would have been ideal and you would have got back your initial investment and most likely an additional 70-100%.

Ethereum only has a few months more for mining unless pos is delayed further. Once ethereum mining stops, profitability on other coins will also drop as all the eth miners will move over to other coins. It’s no guarantee but that’s likely to happen. Even eth is about 50% as profitable as it was at the start of this year.

Other issue is GPU prices are still insane and stock is hard to come by. Decently priced cards are either gone in 60 seconds or scams.

You can go to NiceHash and check the profitability. It’s fairly accurate but there’s again no guarantee what prices will do in a months time. I started off using NiceHash and then slowly moved over to Ethermine. I used both for about 6 weeks with half my hash power on each and didn’t really notice too much of a difference. Some days NiceHash was better, some days not.

With the above being said, if you have a gpu or intend to get 1 for gaming, then you could mine with it. Doesn’t really hurt.

If you are still set on getting a rig, you will find them occasionally being advertised at roughly more than what people paid for them

 

[Joubs]

I think you are a little too late to this party. 6 months or a year ago would have been ideal and you would have got back your initial investment and most likely an additional 70-100%.

Ethereum only has a few months more for mining unless pos is delayed further. Once ethereum mining stops, profitability on other coins will also drop as all the eth miners will move over to other coins. It’s no guarantee but that’s likely to happen. Even eth is about 50% as profitable as it was at the start of this year.

Other issue is GPU prices are still insane and stock is hard to come by. Decently priced cards are either gone in 60 seconds or scams.

You can go to NiceHash and check the profitability. It’s fairly accurate but there’s again no guarantee what prices will do in a months time. I started off using NiceHash and then slowly moved over to Ethermine. I used both for about 6 weeks with half my hash power on each and didn’t really notice too much of a difference. Some days NiceHash was better, some days not.

With the above being said, if you have a gpu or intend to get 1 for gaming, then you could mine with it. Doesn’t really hurt.

If you are still set on getting a rig, you will find them occasionally being advertised at roughly more than what people paid for them

Thanks for the reply, good to hear from someone with experience.

I have a gaming pc, running a 2070super. Would it be possible to add a 2nd gpu to my setup to maximise my current hardware (assuming the psu can do that?)

Thanks

 

[Confucius]

Thanks for the reply, good to hear from someone with experience.

I have a gaming pc, running a 2070super. Would it be possible to add a 2nd gpu to my setup to maximise my current hardware (assuming the psu can do that?)

Thanks

If your case, psu and board support it, then there’s no reason why you can’t. I have PC that has 2 pcie x16 slots and have 2x 3060 in it.

Most PSU 750w and above will have 2 sets of pcie power connectors.

 

[9Tails]

Hello everyone! Power efficiency has been on my mind lately. How have you managed to minimize power costs in your mining setups? Any specific strategies or changes you've implemented that showed a noticeable impact? Let's share our experiences!

 

[StangV2_0]

Hello everyone! Power efficiency has been on my mind lately. How have you managed to minimize power costs in your mining setups? Any specific strategies or changes you've implemented that showed a noticeable impact? Let's share our experiences!

What are you guys even mining now days besides Facebook likes?

 

[9Tails]

What are you guys even mining now days besides Facebook likes?

Lmao yeah I had to post on FB earlier. My company's mining BTC with a pool presence of 4,2 PH/s.
As you can imagine this requires a lot of power so I have to figure out a way to minimize our power usage.